Living, Thinking, and Acting: The Trifecta for Successful Entrepreneurship | Pod...
source link: https://nextbigwhat.com/living-thinking-and-acting-the-trifecta-for-successful-entrepreneurship-podcast-summary/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Entrepreneurs must live like saints, think like scholars and act like warriors: N.R. Narayana Murthy
This video presents a compelling perspective on entrepreneurship, brought to light by N.R. Narayana Murthy, co-founder of Infosys.
He touches on the challenges and prospects of entrepreneurship in India, the importance of a balanced approach to economic growth, and the personal principles that entrepreneurs should embody.
Balancing Economic Potential and Social Development
While India holds immense economic potential, it is critical to balance this with social development and addressing infrastructure issues to ensure sustainable growth.
The Entrepreneurial Philosophy
Entrepreneurs should embody the traits of saints, scholars, and warriors.
This translates to embracing frugality, analyzing ideas deeply, and relentlessly pursuing their targets.
Live like a saint, think like a scholar, and act like a warrior. – N.R. Narayana Murthy
The Power of Collaboration
Collaboration among the government, civil society, and entrepreneurs is key to addressing societal issues, improving infrastructure, and fostering a vibrant and sustainable city.
The Essence of a Successful Team
For a startup to succeed, it needs a diverse team with a shared value system to build trust and ensure success.
Leadership must be demonstrated through actions, not just words.
Idea Over Age
The age or number of gap years is not a determinant of success.
What matters more is the quality of the idea and the learnings from past failures.
The biggest competition is in the market for revenue and the market for talent. – N.R. Narayana Murthy
Investor Priorities
Venture capitalists consider primarily the product and the team when deciding to invest in a startup.
The viability and potential of the venture are of utmost importance.
Principles for Ethical Entrepreneurship
Living like saints implies embodying values such as honesty, integrity, and empathy.
Entrepreneurs should prioritize ethical practices and consider the societal impact of their actions.
Continuous Learning for Informed Decisions
Thinking like scholars involves a relentless pursuit of knowledge, staying abreast of industry trends, and making well-informed decisions.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK