Remember IIMs have a weakness. They teach you marketing, finance and systems but they don’t teach you the importance of HR. also they don’t teach you how to raise money. There is a method to raising money. You have to be able to go and present your ideas to various kinds of institutions. You have to systematically study who are the people out there with the cash.
You have to be willing to work as a partner with people. You have to be diplomatic. And understand one thing: you are not the greatest, you are not the best. You are outing together the team, you are coordinating. Someone else is giving you the money, someone else is actually working and it’s an idea – you are all trying to make it happen.
Any good entrepreneur would have good people working for him or her or would be stuck at a low size. The control freak will remain a ‘dukandaar’. You open a shop and say, I must know where every penny is going.
Professionals are better than entrepreneurs from running the running business. Because an entrepreneur is too much in love with his creation. When you love something, you are blind to everything which is wrong in it.
Working at other companies in my early career helped me … to understand how an employee thinks. It also taught me the value of systems and how important it is to employ people who are better than yourself. Or your organization will never go anywhere.
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