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Friday, August 21, 2015

How does one be a successful entrepreneur?


Just 1 Question for NARAYAN MURTHY, co-founder, Infosys
“Entrepreneurship is about converting the power of an idea into jobs, into wealth for oneself, into wealth for oth ers and prosperity for the country.Therefore, an entrepreneur must be able to express his or her idea in a sim ple sentence.Second, that sentence must convey the differentiated value proposition of that idea t h at me a ns how that idea is better than a l l t he exist ing products a nd ser vices. Third, an entrepreneur must validate the thought of that idea by some kind of test marketing.Otherwise, he or she will spend a lot of time and money and will realise that this idea is not going to work.Fourth, an entrepreneur must bring together ate am that has a am that has a complementary skillset ­ for in stance, some people should k now tech nology, some people should know finance, some should know sales and marketing and some should know HR, etc.“.