...without participating in Big Boss.
The cover story of Digit features an article about "How to be a billionaire?", and goes on to promote entrepreneurship in India - which is quite in "fashion" these days. And how the next Bill Gates, Steve Jobs or Mark Zuckerberg need to be from India.
Now during my childhood I have promoted the same thing thru my actions and blog. While I am at it, it is important to state that someone has also pointed that it might be more profitable to work at beer shop than to sell software. And he is somewhat correct. In a totally different case, Zuckerberg made facemash.com while drinking beer and blogging. (Yes I have seen the movie.)
Where was I? The idea of following blog, though late night, is to point what 'bare minimum' is needed to become a Millionaire. (Side note: Millionaire is getting out of fashion too fast, so they talk about replace B with M, but I am writing about Millionaire not Billionaire, because I am not there.)
Point 1: Set Achievable Goal, and Celebrate
Myself and James have some rocket scientist chromosomes in us. The genes though only show up when we are releasing a new product or major release. There we come together and make a Countdown like 10, 9, 8, 7... 1 while the final site is uploaded, and index-test.html is renamed to index.html. Such release is followed by a chat of congratulations and how well we expect the product to do. We have celebrated SniperSpy release, and we have celebrated Eliminator-RX release! It is our own way of celebration for 8years.
We do cut cake now in offices and employees go to picnics.
The idea is we celebrate every milestone. I do not believe that celebration should be done only on major achievement. To make a million, you need to make $100 first, $1000 next, $10k, $100k then $1000,000 comes. And enjoy each achievements, congratulate yourself, pat your shoulder and focus on next milestone.
Point 2: Passion
I am really sorry but I have very recently seen `The Social Network` and so all examples are coming about him only, in an interview Mark Zuckerberg said, "They [the film's creators] just can't wrap their head around the idea that someone might build something because they like building things,"
You cannot be a millionaire by reading about an idea in Digit, unless you are passionate about it. You can be only successful if you are passionate about your idea and venture, in a way, that you speak it, eat it, sleep it, drink it, bath it and you talk with it as if its a real person.
If you are not a 100% there, or have a confusion, leave it there. Heck, leave business, if you are not passionate about what you are working on, leave it. Nothing is worth your precious time.
Point 3: Patience
The Hindu had an article about impatience. Millions? you cannot reach break-even in one day or many time several years! So what will keep your senses work, and not cause nervous breakdown? Passion! You will be so much indulged in your passionate venture that your negative bank balance wont get attention. (Unless the loan sharks gulps you.)
Business need gestation period, and not just nine months. Impatience can cause your business to fail, miserably. Give patience in building & marketing products. Someone has said, nobody remembers how fast you did it, everyone does how well you did it.
Point 4: People
All great business started with small team of the founders working together, Apple, MicroSoft, to Retina-X. But while we, the founders can give the initial acceleration, it is always the sharp minds that comes to work everyday for us contributes in their own way. I know of companies where employees are mere numbers, partners are jealoused, and customers are enemies.
As Rocket Singh said, "Business is about People". Trust your Partner. Care your employees. And, Love your customers.
Point 5: Its "not" about the Millions.
While your bankers will know you for the money you keep in your accounts, people will appreciate you only for the path, the right path, you have traveled to reach there. When you will achieve your Million dollar dream, you will realize it was never about the money, it was about seeding and nurturing something, and watching it become a big tree that gives fruit to so many people. And that feeling, is worth fighting for the next goal of making a Billions.
The cover story of Digit features an article about "How to be a billionaire?", and goes on to promote entrepreneurship in India - which is quite in "fashion" these days. And how the next Bill Gates, Steve Jobs or Mark Zuckerberg need to be from India.
Now during my childhood I have promoted the same thing thru my actions and blog. While I am at it, it is important to state that someone has also pointed that it might be more profitable to work at beer shop than to sell software. And he is somewhat correct. In a totally different case, Zuckerberg made facemash.com while drinking beer and blogging. (Yes I have seen the movie.)
Where was I? The idea of following blog, though late night, is to point what 'bare minimum' is needed to become a Millionaire. (Side note: Millionaire is getting out of fashion too fast, so they talk about replace B with M, but I am writing about Millionaire not Billionaire, because I am not there.)
Point 1: Set Achievable Goal, and Celebrate
Myself and James have some rocket scientist chromosomes in us. The genes though only show up when we are releasing a new product or major release. There we come together and make a Countdown like 10, 9, 8, 7... 1 while the final site is uploaded, and index-test.html is renamed to index.html. Such release is followed by a chat of congratulations and how well we expect the product to do. We have celebrated SniperSpy release, and we have celebrated Eliminator-RX release! It is our own way of celebration for 8years.
We do cut cake now in offices and employees go to picnics.
The idea is we celebrate every milestone. I do not believe that celebration should be done only on major achievement. To make a million, you need to make $100 first, $1000 next, $10k, $100k then $1000,000 comes. And enjoy each achievements, congratulate yourself, pat your shoulder and focus on next milestone.
Point 2: Passion
I am really sorry but I have very recently seen `The Social Network` and so all examples are coming about him only, in an interview Mark Zuckerberg said, "They [the film's creators] just can't wrap their head around the idea that someone might build something because they like building things,"
You cannot be a millionaire by reading about an idea in Digit, unless you are passionate about it. You can be only successful if you are passionate about your idea and venture, in a way, that you speak it, eat it, sleep it, drink it, bath it and you talk with it as if its a real person.
If you are not a 100% there, or have a confusion, leave it there. Heck, leave business, if you are not passionate about what you are working on, leave it. Nothing is worth your precious time.
Point 3: Patience
The Hindu had an article about impatience. Millions? you cannot reach break-even in one day or many time several years! So what will keep your senses work, and not cause nervous breakdown? Passion! You will be so much indulged in your passionate venture that your negative bank balance wont get attention. (Unless the loan sharks gulps you.)
Business need gestation period, and not just nine months. Impatience can cause your business to fail, miserably. Give patience in building & marketing products. Someone has said, nobody remembers how fast you did it, everyone does how well you did it.
Point 4: People
All great business started with small team of the founders working together, Apple, MicroSoft, to Retina-X. But while we, the founders can give the initial acceleration, it is always the sharp minds that comes to work everyday for us contributes in their own way. I know of companies where employees are mere numbers, partners are jealoused, and customers are enemies.
As Rocket Singh said, "Business is about People". Trust your Partner. Care your employees. And, Love your customers.
Point 5: Its "not" about the Millions.
While your bankers will know you for the money you keep in your accounts, people will appreciate you only for the path, the right path, you have traveled to reach there. When you will achieve your Million dollar dream, you will realize it was never about the money, it was about seeding and nurturing something, and watching it become a big tree that gives fruit to so many people. And that feeling, is worth fighting for the next goal of making a Billions.
3 comments:
What are your views about the role of "Luck" in a business? I have seen hardworking people with great idea and passion about it, fail in real life. Its a fact the more than 95% of business fails during its first year of startup.
Hi Nishant, I dont believe in luck. Neither I believe a business can be successful in short span, thats why patience is as important. But remember while the article is philosophical, a weak or unplanned product idea will not be covered by passion or patience. So give good time studying nd optimizing ur biz plan, then work hard.
nice one dude...
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