How to become an Entrepreneur?

To tell you the truth, I never intended to guide people in becoming entrepreneurs. Far from it. It just happens that three people pinged me on facebook to tell me that they thought my blog was good.

I believe in science. And I believe that science says that when you have the same observation thrice, it's about time for deduction. Which in this case has lead to an attempt to bring my dead blog back to life.

Before you start, to prevent you from getting any false ideas about me, I would like to clarify the following.

  • I come from a family where they have never been any entrepreneurs/businessmen. In short, no one I am related to has ever made a "profit".
  • My family does not believe in entrepreneurship. In short, everyone I am related to tries to explain why the whole idea of entrepreneurship is not a very smart one.

If you still want to learn from me, I would gladly feel sorry for you. Here goes the list of do's and don'ts.
  • Don't start deciding the name first. We spent the first two months doing nothing except working on the name!! And what we finally agreed on (and have stuck to), in our college lingo means 'idiot'.
  • If it's an internet/software startup, forget about getting a server. We wasted the next two months thinking about the advantages we would have with a dedicated server. When we finally worked on the disadvantages list, it turned out to be so long that today we host our website on a free webspace.
  • If you haven't already, do not watch the movie "The Social Network". Not that it isn't an awesome movie, but they day my partner watched it (I recommended it to him), he started talking about how much each of us own and how we should always inform the other before every decision taken. *wink*
  • This one is very important. Never, and I mean never ever announce a product before you have it completely ready. The following things could happen:
- Out of the blue your day job may start demanding hectic hours and you won't get any more time to work on the product.
- You may start getting bored with working on the same thing for a long time.
- You start getting the feeling that the product is useless. This is usually the most common.

  • Well this one is a revelation. You have your website up and running which tries to tell people what you intend to do and how you intend to do it. Simple enough. You post the link somewhere (a little bragging never hurt anyone), and next thing you know is you start getting the following type of messages on Facebook -

    "Awesome work man! Btw what are we supposed to do on the site?"

    You are not supposed to do anything dumbo! All you are supposed to do is to look at it and tell us if you think it's good/bad.
  • If you are a group of one/two/three etc people, you must understand that you can't be one/two/three for the rest of your life. So you need to bring in new people. How? Don't ask me, we are still two.
  • This one is a secret. Odd jobs never hurt anyone. I suspect that all entrepreneurs have done some at some point. For example, I sometimes do assignments for grad students in US/Europe to keep my paypal account ticking. *wink*
  • You always live in the morbid fear that you are getting accustomed to (and maybe even interested in) your day job. Trust me, it's not true. After spending an uncomfortable more than a year, I finally realized this. "All day jobs suck and have always sucked".
  • Try not to tell everyone you know that you are the proud owner of a company without a product. I understand that at it's really difficult, but atleast try.

Well, I suppose that almost sums up my knowledge of becoming an entrepreneur. If you are a lonely reader who happened to wander to this dead blog, post a comment if you feel like.


Rohit Maloo said...

Most of the people fail because they either dont know or dont want to follow the basics.They end up building castles in the air which vanish in the air itself.
A good blog to get yourself on track.Good work mate!!!

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Jaimal Singh said...

"Try not to tell everyone you know that you are the proud owner of a company without a product. I understand that at it's really difficult, but at least try."

Yeah.... its difficult. You too violated this rule.