Entrepreneurship Decoded


They say mind is the epicenter of all ideas. An IDEA is like a virtual hardware which when enacted upon in a positive direction brings to fore its own brilliance and magnificence. The nub of any successful business venture is an idea. An idea paves way for a change; an idea defines an entrepreneur.

Be it Bill Gates, Steve Jobs, Walt Disney, Sam Walton or Thomas Alva Edison, each of them was an absolutely normal person like us. But what came to define them was an idea, an idea that changed the lives of millions of people for the better.

Hello Readers!!! This is Arunabh Agarwal, a newbie in the list of entrepreneurial authors for Techaloo, a startup that aims to foster entrepreneurship among students. My first article would be central to entrepreneurship, what it actually means to be a successful entrepreneur and some extraordinary and unorthodox characteristics of successful entrepreneurs.

An idea is like an embryo in the mother’s uterus; when succumbed it dies, when nurtured it is born. Our parents and grandparents should then be regarded as the best entrepreneurs. Entrepreneurship should not just be defined as “ The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit “; but the broader meaning must be understood.

Take for example; during old times when we had those big joint families, usually the grandfather was the head of the family. His sons had defined roles for the family. They took all necessary decisions pertaining to the welfare of the family (including the risks), and the grandfather made the final decision. ISN’T THIS ENTREPRENEURSHIP? In my opinion, IT TOTALLY IS. So any budding entrepreneur should be privy to the fact that managing a family is one of the most challenging ventures.

Now take another example of the character of “ Michael Scofield “ from the very popular TV series “ Prison Break “. He could surely be defined as a person who would go to any extent to help those he cared about and to screw those who didn’t matter to him. Now, I am not asking you to become a criminal, or break out of prison, or even screw those people that don’t matter to you. The point I am trying to drive home is that a successful entrepreneur would always “ GIVE MORE THAN HE TAKES “, not actually in terms of cash or money but in value.

Next question is what to do in your LEISURE TIME? There can be two scenarios. One, a person is so obsessed with earning money that even during his leisure time he prefers to work and strategize; and the other, a person finds time for playing guitar, his favorite past-time. The former, without any doubt would make it to some list of most wealthy people, and the latter would make it to the list of most successful and influential entrepreneurs.

For some, a huge difference exists between the two lists mentioned above; for others being a successful entrepreneur is equivalent to being one of the wealthiest. It’s all about priorities and perception. If you change your outlook and perception, you would soon realize that finding time for your hobbies actually has a positive influence, and you would go back to your work with more energy, hunger, zeal and enthusiasm.

Lastly, comes your ATTITUDE and GRATITUDE.

ATTITUDE  = A + T + T + I + T + U + D + E

= 1 + 20 + 20 + 5 + 20 + 21 + 4 + 5

= 100%

What does that mean? It means that if you have the right attitude and give your 100%, you are sure to become successful and influential and no force can stop you.

GRATITUDE = G + R + A + T + I + T + U + D + E

= 7 + 18 + 1 + 20 + 9 + 20 + 21 + 4 + 5

= 105%

This goes a step further and demonstrates that while the right attitude would only help you become successful and influential, it is the gratitude that would keep you at the peak and help you reach unprecedented and unassailable levels of success, decency, respect and humanity.

What really is gratitude? The dictionary defines it as “ the quality or feeling of being grateful or thankful “. You can be grateful or thankful to God, the supreme Divine, or to your parents, or to your colleagues, or to your staff; whatever is the case. People will remember you for your gratitude and that would make YOU supreme.

Through this article, I wanted to share my views on entrepreneurship. These few above explained characteristics of any successful entrepreneur are unorthodox ones; and along with the usual ones (which can easily be found on any search engine), when adopted and practiced in the long run, would make you a complete entrepreneur!!!

To end with, I would like to quote (not exactly said by Mahatma Gandhi but interpreted as this):


So I wish all the very best to all young, energetic and budding entrepreneurs. Until my next article, it’s goodbye from my side.

[P.S. – Any form of “he” used in the above article refers to the respective form of “he/she”]

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