What Start-Ups can learn from Ambani?
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What Start-Ups can learn from Ambani?
Bangalore: He achieved what all will think as impossible in his life span of 69 years. He started from scratch and went on to build India's largest privately controlled corporate empire. The life of Dhirajlal Hirachand Ambani, better known as Dhirubhai Ambani, is an inspiration at every step for any entrepreneur. He was an entrepreneur who thought big, acted tough, and knew how to turn the situation in his favor. His principles still plays an important role in the success of every start-up. He followed few principles in his life. One of them was "Leave the Professional Alone!" He believed that hiring the best professionals in the field is not enough. You require giving them space to show their own capabilities and potentials, rather than asking them to blindly follow you. He had management techniques, which used to be out of the box during those times. He rarely asked questions to his employees if he found that the employee was confident about his idea. He never offered suggestions, but just said "Go ahead and do it", which used to be the beginning of a new success. He gave total freedom, no supervision, no policing, in their decisions. But the only direction that he gave was "Produce your best". This trust never allowed his employees to let him down. He always asked people to change their orbit and get out of it to create some value for self and well for those who surrounds them. He believed that surviving in a particular orbit without trying to evolve was the criminal waste of potential. If we push ourselves to the next level, not only will we be benefited, but we even will contribute towards providing better growth opportunities to others. People might not always support you when you change your orbit, but the strong will to fulfill the dream seen with open eyes and bring change in the surrounding provides us synergy to walk along. One of his secret of success was to gather information whatever one can about the governments, may be local, state, central or international. He also focused on gathering information about products, competitors, markets, consumer, people, services, politics and anything and everything one is accessible to. He used to gather information and then analyse and process it accordingly and find opportunities hidden in them. If required, he used to share those information with his sub-ordinates. Well readers, this is the beginning. We will come up with more such inspiring articles on the icons of the industry who inspires the entire fraternity of young and upcoming entrepreneurs.