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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

Aware! Why You Wanna be An Entrepreneur

Krishnan Ganesh
Tuesday, June 30, 2009
Krishnan Ganesh
Entrepreneurship is in fashion; and articles abound in the media talking about how to launch a startup and make it big. This could be another entrepreneurship guide talking about the finer aspects of starting off, managing funds, selling your vision, and ensuring that work doesn’t become your life. Or it could not. It could do something a little different. This article tells you when not to be an entrepreneur.

1. I want to be my own master, I don’t like working under others.

Granted, in your own venture, you may not be reporting to someone officially, but you’ll perpetually be working for other people. Your first priority will be your customers. Customers are after all the reason for the existence of your venture, and you will have to do whatever it takes to please them. The next set is your financial backers (like the VCs, PE funds, and banks). You have to knock at many doors and pitch hundreds of times, for raising funds. Finally, there is the ecosystem of partners, vendors, and collaborators who have to be kept in good humor for them to do your work. In summary, it is very likely that you will find yourself trying to please multiple masters.

2. I’ve got a great idea.Do you? Really? Doesn’t everybody?

While it all starts with an idea, it also ends with an idea. A successful venture is all about execution. Great ideas and opportunities are plenty. While the Eureka story makes for great folklore, execution is the key differentiating factor between the one successful venture and 99 failed ones. Always ensure you have a strong executive background and you have the willpower to sustain the venture.

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Reader's comments(1)
1:really this articles inspiring for a bidding entrepreneur
Posted by: Mohammed shafeeque - 31st Jul 2009
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