5 Myths about Entrepreneurs

Inspiring Stories

25 August 2021

5 Myths about Entrepreneurs

  • Posted by Pallavi

The success stories of entrepreneurs either make people look up to them as God or make them feel uncomfortable. People still find working for themselves unconventional but slowly it’s changing with the emerging era of start ups and the success stories but the question always remains in the back of peoples mind ‘How did it happen?’

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Here are some of the few myths that people assume about an Entrepreneur’s success story.

1. Entrepreneurs are high risk takers:

Entrepreneurs are always perceived as risk takers. Even the popular dictionary meaning states entrepreneurs as business people who assume business risks. But like any other businessman, they know that taking unnecessary risks is like gambling. So, they take calculated risks after assessing all their risks & have an innate ability to make sense out of complexity.

2. Entrepreneurs are born:

Most people believe that entrepreneurs are born and cannot be made. However experts believe that entrepreneurs  have learned how to come to that position through experience, presence of mind and the extra effort that they have put behind their passion. Every successful entrepreneur has conviction, like no other.

3. Entrepreneurs are motivated to get rich:

Entrepreneurs who have become successful in their fields will argue that getting to that position wasn’t easy and it often takes one to three  years to become profitable. Until then, the business is considered to running well if you break even. In the starting stage entrepreneurs do not expect anything in return and work just for their idea to turn into reality. Their focus is on creating a company with their idea, which can be expandable in future.

4. Entrepreneurs don’t give any attention to their personal life:

Entrepreneurs work long hours during the week, which is true. They do not mind putting in 60-70 hours but they like wrapping up their work so they have free weekends. The weekends are important for them to spend some private time with their family but at the same time, nothing stops them from postponing their plans in case of urgent work turning up in the last minute.

5. Entrepreneurs are ruthless:

People believe that to be a successful Entrepreneur you have to be ruthless and step on anyone who comes in your way. In the real world that doesn’t work as entrepreneurs will become alienated and no supplier, customer or employee would put in their trust. A good entrepreneur always is a step ahead and understands the employees’ problems, the demand in the market and plays his game accordingly.

We hope this has helped eliminate any assumptions about successful entrepreneurs. We respect them for their passion and hard work. Do share some of the myths that you have heard about entrepreneurs in the comments below.

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How To Negotiate And Win Your Way With Each Zodiac Sign

Inspiring Stories

25 August 2021

How To Negotiate And Win Your Way With Each Zodiac Sign

  • Posted by Pallavi

It’s no surprise that great businesses are often built on solid human capital. That means constantly having to network and collaborate with others – be it your eccentric employees, unreasonable clients or an over demanding boss. But sometimes, winning them over to see your side of the story can be quite a task. For what seems like a stalemate, simply follow our zodiac manual to crack the code to their entrepreneurial mind…

AQUARIUS (January 22 – February 21)

They are known to be true visionaries who are constantly pushing to break social norms. Traditional and conservative is not their style and they love hearing about fresh and new ideas that have yet to be discovered. Adaptive and innovative, it is best to consider them as decision-making equals, since they are probably ten steps ahead of you in terms of creativity.

PISCES (February 22 – March 20)

Their generous sense of spirituality and service to others makes negotiating with a Pisces – easy and effortless. To win them over, show them the greater good behind your motives over a great fine dine. Idealistic, empathetic and caring, they will lend steady support to social and humanitarian projects, while their knack for being organised and detailed will help you execute your projects to perfection.

ARIES (March 21 – April 20)

Assertive, dynamic and courageous are a few words that describe these folks. They adore a healthy amount of risk and adventure and will be the first of the lot to take a brave leap. Get them to tune in by being point-blank straightforward and allowing them to take centre stage in form of sincere compliments and leadership positions. Their world revolves around genuine warmth and affection and they look up to those who inspire them!

TAURUS (April 21 – May 20)

Show them the money through concrete numbers, because for them comfort and security rank very high. They are hardworking, dependable and practical but also very rigid in their goals. Never rush them into making decisions since they like to take their own sweet time to think things through. If you really want their support, then statistics and a steady plan for the future will do the trick.

GEMINI (May 21 – June 21)

Sell them your idea like a true salesman, and they will buy it. Known for being social butterflies and great communicators, they love like-minded people who are equally as charming and enigmatic as them. Since they are very knowledgeable, they can be great teachers when it comes to their field. Remember to stay in their good books by being extremely diplomatic, at all times.

CANCER (June 22 – July 20)

Sensitive and nurturing, Cancerians use their emotional feelers to respond to their surroundings. Their body language and expressions will tell you everything you need to know. If you’re at a deadlock with them, then acknowledge their contributions and they’ll be on cloud nine. Being kind and understanding about   their dreams will win you their support in return!

LEO (July 21 – August 20)

Give them a chance to shine! These kind, vivacious and artistic personalities love being classy and centre-stage. Want a Leo on your team? Then simply consider adding value to their reputation and image. For them, loyalty and friendship is above anything else, so don’t ever break their trust. Known for being great managers, they will know how to strike the perfect balance between work and play.

VIRGO (August 21 – September 22)

This category signifies all the number crunchers and organisers that believe in logic and statistics over unpredictable emotions and gut instincts. They tend to hold on to order and tiny details with acute focus. If you’re banking on them in the long term, then get them to look at the bigger picture and how it could align with their personal goals. Also, don’t forget to over look all the details before approaching them, as they can tend to be highly critical.

LIBRA (September 23 – October 21)

They bent towards partnership and compromise, often finds them in positions where they believe in keeping everyone happy. Show them a general consensus, and they will be more likely to hear your plans. Just be clear about what you want and choose your words carefully as their investigative sense leaves no stoned unturned.

SCORPIO (October 22 – November 20)

These all-rounders are drawn to all that’s complex and analytical as they can achieve anything in difficult situations with flying colours. They appreciate go-getters and reliable people who can align with their goals. Sometimes, they might be sensitive due to their strong intuitive abilities but all you have to do is motivate them with a fair share of passion, risk and challenge.

SAGITTARIUS (November 21 – December 22)

They are fun, enthusiastic and optimistic who are constantly on the lookout to further their knowledge. They wear their heart on their sleeve and are naturally attracted to opportunities that involve travel and leisure. Their strong sense of independence makes it difficult to commit to one single thing but if you manage to show them the bigger picture of your bargain, then you might just have an audience!

CAPRICORN (December 21 – January 20)

They are masters of strategy and implementation. Make sure you show them your ideas, as they will help you execute them with ease. Known for being poker-faced businessmen, they will often keep their feelings to themselves. Getting to know them on a personal level, can earn you their support and companionship, come what may.

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The Big Question: Can married couples be successful co-founders?

Inspiring Stories

25 August 2021

The Big Question: Can married couples be successful co-founders?

  • Posted by Pallavi

Mixing one’s personal and professional life is something that society has always frowned upon. However illogical, the basic myth has always been that your love life can be a major distraction and should be restricted for only after-work hours. But what if you’re one of those daring few who are willing to join hands with your real life partner to make it big in the business of cutthroat competition? Is it a sure shot recipe to failure, you may often ask.

Will he or she let you advance in your goals or will you end up on the extreme end, risking much more than just your business? Read on to get a bird’s eye view of what you should consider before taking the leap.

The Pros

1. They know where to tread: It is no surprise that a lot of successful companies have been built by partners who were longtime friends, classmates, relatives or lovers. Take a look at Lisa and Brian Sugar of POPSUGAR, Julia and Kevin Hartz of Eventbrite or even Bill Gates and Paul Allen for that matter. What you’ll notice is that both of them had a clear idea of each other’s shortcomings that intuitively defined their areas of responsibility. Each of their diverse personalities and skills sets could complement their shared goals within limited resources.

2. Resolving conflicts are easier: In the world of business, the biggest struggle is navigating relationships as they get bombarded day-in-day out with the stress and pressures of life. The best part? Your wife husband who now works with you actually has the sensitivity to understand your troubles since you both already share a high level of trust and comfort. And even if there’s a difference in opinion, you’re probably going to let it go for the greater good of your business. What’s even better is that your employees have the choice of approaching and confiding in either of you in case of personal conflicts.

3. Commitments are taken seriously: Having a shared business together means that one unattended hole in the boat, and you’ll both be drowning into the big bad sea. Since the stakes are higher, you’re likely to be more passionate and accountable to your company, your clients and your employees. Even if you’re having one of “those days” then rest assured, they are always someone you can count on.

The Cons

1. No work-life balance: For the both of you, pillow talk will mean discussing deadlines and solving issues that you’ll never be immune from. Unless you draw some serious boundaries at home, you both will probably end up working on weekends also. And when it comes to taking long family holidays or celebrating birthdays and anniversaries, you’ll have to think twice. A real problem is when one of you doesn’t show up – because then your partner is most likely going to have to bear with the brunt of all your work.

2. Financially risky: For every start-up that has succeeded – a hundred have failed. Especially with the unpredictability of our economy, it’s a lot lets riskier if your partner has an alternative job with a stable income. Starting a joint venture together, means there’s no back up. This makes it even more paramount to ensure that your partner is equally as passionate as you when it comes to starting out together, because that means altering your lifestyle till you actually see returns.

3. Differences in opinions: Having a different perspective is usually healthy – because it helps you see potential pitfalls that you may not have anticipated. But, if you’re not able to communicate effectively and clear the air in time, then problems can internally build up and cause havoc. Lack of mutual respect and complete avoidance of the other, can snowball into bigger issues in your personal life.

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5 things that every startup can learn from Shahrukh Khan’s journey

Inspiring Stories

25 August 2021

5 things that every startup can learn from Shahrukh Khan’s journey

  • Posted by Pallavi

Bollywood and Shahrukh Khan have long been synonymous. From stage plays in his early career to 80 iconic Indian films and global stardom for over more than a decade – the Indian actor, producer and television personality has made waves in every sphere of entertainment. But, every now and then, one will often find him reminiscing his modest roots.

If you’re launching your start –up, then you’re also most likely to find yourself in times of struggle and despair. But guess what? Even the King of Bollywood has been there and done that. Here are some of the most inspiring life lessons coming straight from the Superstar, that will help you “hang in there!”

Lesson 1: Sail away from your comfort zone

“Being brave means being shit scared all the way. But, don’t let your fears become boxes that enclose you. Open them up, feel them and turn them into the greatest courage you are capable of. I promise you, nothing will go wrong. But if you live by your fears, everything that can possibly go wrong will go wrong and you won’t even have done the Funky Chicken.”

Lesson 2: Embrace the madness in you

There’s no such thing as “normal”. That’s just another word for lifeless. Madness is an absolute prerequisite to a happy and successful life. Don’t ever treat your little insanities as if they are aberrations that ought to be hidden. Acknowledge them and use them to define your own way of living the only life you have. All the most beautiful people in the world, the most creative, the ones who led revolutions, who discovered and invented things, did so because they embraced their own idiosyncrasies.”

Lesson 3: Don’t panic ever – just be positive

“When life hits you with all the force of its resplendent rage, the Rolls isn’t going to give you comfort. A friend’s grace will, and if you can’t find resolution as easily as you would like to, don’t panic. Everything evolves as you go along. Even disasters eventually resolve themselves. Give life the space to move at its own pace, pushing it ahead only by way of being kind to yourself when you are hurting or in despair.”

Life lesson 4: Ignore the naysayers

“All the names you give yourself, or those that others call you, are just labels. You are not defined by them, no matter how flattering or uncomplimentary they are. What defines you is your heart. And I say this out of experience because if I was to go by what all I am called on Social Media I would be an old desperate manipulative that has been star who swings both ways while making crap movies, and these are just the good mentions.”

Lesson 5: Stop whining and start moving

“Whatever it is that is pulling you back, it’s not going away unless you stand up and start forging your own path with all your might in the opposite direction. Don’t attach yourself to either sadness or happiness, they’re both going to change with the same certitude. Take them with the ephemeral spirit of their impermanence and manage them with a healthy dose of good humour.”

Here’s what you need first – a office spaceco-working space in Qutab, New Delhi or business centre in Koramangala, Bengaluru , where you can kickstart your startup.

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