If you are preparing yourself to be an entrepreneur, then who better to learn from Mukesh Ambani than sharing some entrepreneur mantra.
Business tycoon Harsh Goenka recently shared a video clip of Mukesh Ambani talking about a few things that every entrepreneur should follow to make a real difference. Pointing out some of the key strategies, Ambani said in the video, you have to solve the problem so that it does well in some way. And, financial returns are actually a byproduct.
He also said, “Never be discouraged by failures. Learn from them, but never give up.”
Posting the video on Twitter, Goenka wrote – Some great lessons from Mukesh Ambani.
In the video, Ambani said, the first thing for entrepreneurs is not to solve the problems but to find the problem. Once you find the problem, you solve it.
Another thing I learned, and got institutionalized in Reliance, is that you have to create social value. You have to solve the problem so that it does well in some way. This is the main objective of a business. And, financial returns are actually a byproduct. If you focus only on financial returns, chances are you won’t become really great and won’t solve your passion, he also said.
“The other thing I learned is that failures are normal. As much success as people see, even in my own case, they don’t see how many times I’ve failed before I’ve succeeded. They’re just one before you succeed.” There are steps. So never get discouraged by failures. Learn from them, but never give up.”
There are two non-negotiable things – treat your investors’ money more carefully than your own. Second, you can’t do anything without the right team. He said that it is very important to engage the team diligently with its mission.
Lastly, an entrepreneur is always positive, he is an optimist. There are a lot of cynical and negative people around. But, an entrepreneur must spread positive energy, concluded Ambani.
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