Do you wish to become the youngest self-made billionaire? Today entrepreneurship is all about making an impact or empowering many others’ lives. In the journey of entrepreneurship, it’s like you are your own boss and creating something different and setting your own priorities. we discuss all the learning so start to learn from this youngest self-made billionaire.
To become a successful entrepreneur you should not chase money but the motivation should be beyond money like solving the real-life problem that will fill the genuine gap between the market and the customers. Remember don’t just follow your idol and copy them, Just take their learning and qualities and apply them in your life.
So let’s start lessons you can learn from these successful entrepreneurs.
1.Ritesh Agarwal, Founder of OYO Rooms
Ritesh believes perseverance is the most important quality every entrepreneur should have. Here are his key point-
- Risk vs Regret (Taking risk early is better than regretting later)
- Discipline and Hard work is very important
- Work harder while working
- Travel as much as you can ( It Gives a Broader Perspective )
- If you fail then its Ok. Your idea has failed not you.
If you are looking for a procedure to start a startup read this-How to start a startup
2.Vijay Shekhar Sharma, Founder of Paytm
He is a very successful entrepreneur in the Fintech Industry and despite his great success, he is down to earth and humble in nature. These are the Lessons from Vijay,
- Speed is very important in a startup
- He Believes Go Big or Go Home.
- Vijay thinks if you start the business remember( All In & No Out )
- Patience is the key to become a successful entrepreneur.
3.Sanjeev Bikhchandani, Founder of Info Edge
Founder of Naukri.com, Jeevansathi.com, 99acres.com, shiksha.com. According to Sanjeev, Start your entrepreneurship journey as early as possible so that you make mistakes and learn from them. He believes,
- Always under commit and over-deliver.
- Persistence is the quality every entrepreneur should have.
- Always hire smart people than you which will help to grow business.
- Learn the art of delegation
- Share your wealth, Stocks and vision with your team (Co-Founders)
4.Deep Kalra, Founder of Makemytrip.com
Deep Kalra is a great follower of Jeff Bezos, Founder of Amazon and he follows his advice of Working hard, Having Fun, and Creating History.
- Choose your field carefully ( check Potential & Size of Market)
- Plan funding very carefully (Initially Prefer Only Angel Investor )
- Hire people better than yourself
- Always focus on building a business and rest will happen.
5.Rashesh Shah, Founder of Edelweiss Capital
He thinks cash flow is underestimated by some entrepreneurs which will lead to failure. So always be financially savvy to be on the safe side.
- Never have an equal partner (which will create a dispute in the long run)
- Have Emotionally Staying Power which helps you keep going.
- Have Perseverance 24*7 Effort
Entrepreneurship is risky so you should have the right mindset so you’re prepared in hard times. To build the team, don’t get frustrated with the people if they don’t work like you do, Instead, train them and make things happen. Also, remember don’t let your age bother you to become the youngest self-made billionaire. Just work hard.
Once last advice always, be financially savvy or have a partner who knows all about it because, in a hard time, these people suffer the most. And also remember startups with strong domain expertise have a significant advantage.
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