Would you like to give any advice to budding entrepreneurs?
Divyank: First and foremost, you have to love what you are doing. If you are not passionate about what you are doing then the chances of reaching the top are minimal. At first spend as much time as you need to find the thing that you love doing. In addition to that, once you get started, you have to build a team that will help you reach your goal. You alone will never be able to do that; you need to hire the best people in your line of business.
The team that you will build around you will significantly impact the success of your business. An entrepreneur should always design processes that s/he would be able to scale without much difficulty.
Apart from that you should have the guts to have fun with failure. Out of the hundreds of decisions that you will make there will be several ones that will go wrong but it is important to keep making them on an ongoing basis.
Great entrepreneurs are ones who get a balance between great numbers of variables affecting their businesses.
Bhavin: Divyank has covered most of the generic issues of entrepreneurship. In the business that we are in automation is important. We abhor using lot of paper and hence we try and automate every single process here. Right from HR processes, to information sharing to product training we try to find the latest tools and technology to make these processes automated.
The automation, however, should be easily scaleable. If we could do a thing with 10 people on a process we should be able to use the same platform if we were to have 1,000 people on the same process.
All said and done, you should have a good vision of what you are doing and remain committed to that vision.
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