You acquire a team which feels a trust to each other. And which is willing to designate one of them as a leader. Not based on shareholding alone but respect, trust and competence because that is self-sustaining.
There is no one formula but I would say yes, get 4-5 years of experience – learn at somebody’s cost if I may use the word. Get a bit of feel, bit of financial stability, and some savings. After all, venture capital is there but you need your own money too. But don’t wait too long.
Everyone does not need to build a 100 crore or 1000 crore company. Small verses big verses super big is a choice that an entrepreneur makes himself or herself depending upon the ambitions, values and what he likes doing.
Don’t just think about it, don’t just wish for it, jump into it and do it, if you are really serious.
Once you get into it, go all out; never look at quitting as an option.
Remember that if the startup fails, it is your idea that failed, not you.
Great companies are created by great people. There is very little anyone individual can achieve alone.
Bring a right team together (more than synergies of skills, synergies of values and attitude is more critical).
Make plans but remain open to all possibilities as events unfold in the marketplace.
Think big and behave as if you have already achieved your greatness. We started implementing many practices way ahead of our size.
Retain work-life balance.
You have to keep reinventing yourself.
I don’t know whether we made sacrifices. Ultimately all of us do what we do, because we like it. Yes, if you take a normal family life, ours was definitely not balanced…. I took my first holiday 15 years after starting Mastek!
When you are sitting on a small market, you have to be good at many things.
Ultimately when you are running a company, you have a risk; you have a responsibility to make it successful. So the buck stops at you. So to that extent, there is a difference between an executive and the owner.
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