Monday 26 September 2016

5 Characteristics of Top Entrepreneurs

A successful entrepreneur is not made in a single day. It takes a lot of dedication and self-motivation to climb the stairs of success in any entrepreneurial venture. If you are thinking that there are certain formulae to becoming a successful entrepreneur, then you are quite mistaken.
However, there are a few characteristics that set entrepreneurs apart from the rest, some are innate yet others like habits are mastered over time. 

Top Entrepreneurs:

1.      Admit and learn from mistakes.

The top entrepreneurs do not consider mistakes as defeats. In fact, mistakes are considered more as lessons. They do not shy from the mistakes they make and consciously reminds themselves not to repeat them at any cost. Moreover, they try to gather as much insights they can from those mistakes.
In the words of Albert Einstein, "A person who never made a mistake never tried anything new."

2.      Prioritise health.

Every top entrepreneur understands the importance of health. A frail and ill body cannot accompany the journey of entrepreneurship. This is the reason why the top entrepreneurs are very particular with their diet, exercise and overall well-being.

3.      Train themselves with self-discipline.

“It was character that got us out of bed, commitment that moved us into action, and discipline that enabled us to follow through.”
-          Zig Ziglar
The top entrepreneurs always master self-discipline. If you look carefully, you would find out that all the successful entrepreneurs of the world indulge in one or more extra-curricular activities which help them to develop the value of self-discipline. Music and sports greatly help in this regard.

4.      Open up to new ideas.

Probably the most important habit of every successful entrepreneur is that he or she never rigid in their thoughts. They are in fact very welcoming of new and novel ideas. They know that there are a lots of things they would be missing out if they shut their minds to ideas. Flexibility and adaptability to change are a must to sustain any successful entrepreneurship.

5.      Want to change the world.


As Indian entrepreneur and MD of Radiance Group, Varun Manian says, "Entrepreneurship is not about making profits." Mr. Varun Manian and countless other entrepreneurs constantly emphasise that profits are important but they cannot be your raison d’ĂȘtre. Entrepreneurs are motivated by the urge to change the world and to create something from nothing. It is this force that pushes them long after the profits have begun to roll in. 

Wednesday 23 March 2016

Financial Budget 2016 – Insight by Abhijit Joshi

When Finance Minister Arun Jaitley released the 2016 Union Budget on February 29, the response was mostly positive. The budget aims to stick to the 3.5 percent fiscal deficit target, addresses pressing social and infrastructural needs, and, for the most part, uses reasonable assumptions to forecast India’s growth over the next three years. The Modi government has consistently focused on increased ease of business, opening markets to foreign investment, building India’s industrial sector, and improving transparency in taxation and regulation. While this budget delivered more on rural and infrastructure spending, it certainly includes some business elements that are worth exploring in detail.
Abhijit Joshi is the Founding Partner of Veritas Legal. He was the senior partner and chief executive officer (CEO) at AZB & Partners until November 2104. He has been involved in some of the major landmark deals, such as the Rs 5,150 crore Tech Mahindra - Satyam Computer Services merger, Usd 2.6 billion Tata -Docomo transaction among many others.

“The Union Budget 2016-17 is well balanced and progressive. Focus on critical areas such as development of infrastruture and skill development alongwith measures such as job creation are definitely in the right direction. Reduced corporate tax for SMEs along with simplified tax regime will help augment the investment environment in our country.

Finance Minister announced reducing litigation and providing certainty in taxation is in line with the government objective of reducing the impediments and promoting ease of doing business. This also shows government’s commitment towards reduction of black money from the economy. The fiscal incentives for start-ups and facilitating fund raising through Fund of Funds will create an entrepreneur culture on one side and more risk taking investors on the other side. We hope that intention and implementation move seamlessly going forward. Overall a positive budget aimed at promoting inclusive growth in the country.”