siliconindia | | June 20146in myopinionin myAt Times, the Way Out is to Start All Over AgainRomesh, T. Wadhwani, Founder, Chairman & CEO, Symphony Technology Group (STG)Symphony Technology Group (STG), started in 2002, is a private equity company chasing the goal to transform high-potential firms into market leaders. Through a combination of capital and hands-on operational expertise, they help the data analytics-focused and SaaS companies develop innovative product offerings that will appeal to high-growth marketsRomesh, t. WadhwaniThere are several critical qualities or lessons that every entrepreneur should possess, which I have learnt from my entrepreneurship of forty years.Being CreativeThe first aspect about a good entrepreneurship is all about creativity, entrepreneurs have to be creative with respect to their products and business objectives. I would say combining opportunities with creativity, and bringing in passion and tenacity to stick to the goals, even during the ups and downs in business, differentiates an entrepreneur. I believe, it is this creativity that helped me when I began my entrepreneurial journey by setting up a canteen in a Mumbai hospital, during my days as a student at Mumbai IIT. The roadblocks ahead included lack of capital and resources, which I managed to solve by securing funding from friends at IIT, and hiring people from a poor background for affordable wages. Looking back, I consider this as my first exposure to talent acquisition. Learning from FailuresThe second lesson I learnt is about failures. I would advise entrepreneurs to view failures as the seeds for future success. I had an encounter with failure during the stint with my second company. Later on, I founded another company called Aspect Development Inc, which was among the first companies to venture into content and analytics on an entrepreneurial platform.Those days, I never felt confident about big data, and six months into this new project, I realized that it is not possible for me to make it into a successful venture. That moment of realization made me concentrate on my dream of being at the opinionin myRomesh, t. Wadhwanisiliconindia | | June 20146
< Page 5 | Page 7 >