There is an old saying "If people (let me change it to entrepreneurs) knew what they had to be successful, most people wouldn't". This saying is so apt for entrepreneurship. As I have said in my previous columns, entrepreneurship is an act of faith, it's a loop of faith.
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| Anurag Batra |
Entrepreneurial success is all about going from failure to failure without loss of enthusiasm." Most entrepreneurs encounter success after many failures. Entrepreneurs believe being defeated is often a temporary condition. Giving up is what makes it permanent. The entrepreneur believes that only those who dare to fail greatly can ever achieve greatly. Entrepreneurs also believe that "Not failure but low aim is criminal." The reason I write about how entrepreneurs create enterprises and shareholder wealth is because it is often debated, dissected and commented on. Business media does it, consultants do it and so do strategic advisors. They sometimes believe that the reason the entrepreneur succeeded was because he or she was at the right place at the right time and things happened. They don't tend to see that the entrepreneur made things happen, he or she executed well and took risks, did things that other people thought were unwise or too tactical.
What I find most irritating about these discussions and analysis about entrepreneurs is that they say he or she lacks strategic vision and intent and is too tactical. Sometimes when they criticize the entrepreneur they are associated with too much, I think of them as fools because I believe "Any fool can criticize, condemn and complain—and most fools do."
This over-emphasis on strategy over execution is sometimes misplaced. After all, strategy is a plan for future and entrepreneurs have already factored that in their mind. To them execution is strategy in action. Sometimes I feel the analysis focuses too much on knowledge and not on its application. What is knowledge without application? I believe knowledge is a process of piling up facts, wisdom lies in their simplification and implementation. Strategic guys (I wonder how strategic they are devoid of executions) pontificate and fail to appreciate that even for the transformation of an industry or a company, the steps have to be small and commonsensical. Strategy is commonsense in action. Strategy is also envisioning the future and making it your present.
Anurag Batra is real life, first generation entrepreneur who is Much Below Average (MBA) from the prestigious Management Development Institute, MDI. When he is not busy writing such columns, he can be reached at anuragbatrayo@gmail.com. This e-mail address is being protected from spambots, you need JavaScript enabled to view it . Anurag is the co founder and editor-in-chief of exchange4media group which includes exchange4media.com.
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