Entrepreneurship is about venturing to where the ordinary would not go
If you are wondering whether I am talking of Emotional Quotient (EQ) and suggesting that to have a good EQ you have to have a good Glamour Quotient (GQ) and Fashion Quotient (FQ) then you need to read on because that ain’t what I am evangelizing.
Let me let the cat out of the bag. EQ is Entrepreneurial Quotient and is the sum total of the GREED Quotient and the FEAR Quotient of an entrepreneur.
 |
| Anurag Batra |
Higher the EQ, the more successful is the entrepreneur. But wait a minute. Isn’t entrepreneurship about creating Positive Icons? Then why am I using negative emotions like GREED and FEAR to connote creation of an enterprise and wealth creation. Let me just say that I use GREED as a positive emotion and FEAR as a catalyst.
GREED is the size of the ambition of the entrepreneur and FEAR is the level of paranoia that makes one to stretch himself or herself.
I meet a lot of budding as well as established entrepreneurs and these are the two attributes I try to size up in them. I guess VC and PE firms also try and ascertain the GQ and FQ apart from the team and competency of would be entrepreneurs. In simple terms, it’s one’s ability to think big and execute big. Are you capable of dreaming in the global scale? Remember that entrepreneurship is about taking calculated risks and venturing to where the ordinary would not go.
Perhaps we should name this Entrepreneurial quotient as the DARE QUOTIENT!
Every entrepreneur knows or will learn the hard way that success has many fathers while failure is an orphan. The question is whether you can take this in your stride. Do you have it in you to be a successful entrepreneur? To dare yourself beyond the ordinary?
I have friends who having working abroad, come back and try to do business in India in the same way as they do in US. Obviously, many of them are bound to fail. The success of an entrepreneur is dependent on how he or she adapts to the environment. India is all about execution and execution in India is not easy. It takes a special set of skills. And relationships play a big role here. An entrepreneur also has to make things happen; you have to walk the talk. I am reminded in this context of the philosopher Marcus Aurelius “ Waste no more time arguing what a good man should be. Be one.” Today the same can be said of an entrepreneur.
You also need to be an eternal optimist. Like Abraham Lincoln, who had a string of failures in business and politics before he was elected the President of USA, entrepreneurs should never give up. Failures should make you wiser and more determined than ever to succeed. In fact failure should teach you more than success does!
First generation entrepreneurs are likely to chart uncharted and unfamiliar territory, and their being unprejudiced and being a rank outsider bolsters their chance of success.
So all of you dreamers! Dare and venture out as this land of opportunity beckons you. Dare to Dream and succeed. An entrepreneur’s motto is best mirrored by Ralph Waldo Emerson “The reward of thing well done is to have done it.”
Anurag Batra is real life first generation entrepreneur who is Much Below Average (MBA) when he is not busy writing such columns and can be reached atanuragbatrayo@gmail.com.
ed: Anurag is the founder of exchange4media.com.
Subscribe to this comment's feed
written by ugg boot clearance, November 18, 2010
| < Prev | Next > |
|---|
