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Friday, March 05, 2010

Tips for young entrepreneurs

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    Abhishek Mande 

    As part of our International Women's Day celebrations, we speak with young women who are making a difference to the society we live in. Here Shweta Mangal of Dial 1298 for Ambulance tells Abhishek Mande why she quit her job and decided to start an ambulance service.

  • Very often people wait for 'the right time' to implement their ideas. The key is not to wait. If there is an idea you believe in go ahead. There will never be a perfect time.
  • It is good to take people along with you on your journey. Take the help of friends who believe in your project and you. Hire professionals who are willing to join you. Build a team that you can fall back on and bounce ideas off.
  • Be patient and persistent. The first two or three years are the most crucial in starting a business and very often the time when most businesses fail. This happens not because the idea was not great but rather because the person whose idea it was stopped believing in it.
  • Be passionate about your idea and have the right attitude. You can be as intelligent as they come but without any passion you won't go far.
  • Don't get emotionally attached to your business. Surround yourself with the right people. Professionalise your outfit at the earliest instance. Remember you cannot multi-task beyond a point. Let go and let go to the right people.

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