What if the expansion does not work out? What will I do with the new office I am planning to take? What about the people I will hire, the equipment I will purchase?
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| Krishna Kumar |
There is this young entrepreneur I know. One day recently, he came by, looking quite worried. Apparently, he was considering expanding his business and strangely, that was what was worrying him no end!
What if the expansion does not work out? What will I do with the new office I am planning to take? What about the people I will hire, the equipment I will purchase?... To quote his exact words “Himmat nahin aa rahi hai” – I am not getting the courage.
As we sat chatting, a casual question provided the key to the solution. How much is the himmat ka gap?
When we worked out the incremental investments and the incremental risks, you should have seen the change in his demeanor. When he realized that the incremental risk was much smaller than what he perceived as the total risk, he found that it was well within his abilities, and he went on to take the risk and expand his business.
That is one more happy ending for us here at DARE. As you step into the new year, here is wishing you many many happy beginnings, and the courage to understand and take the required risks in your road to successful entrepreneurship.
Happy New Year
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