What is the difference between an Indian entrepreneur and an entrepreneur globally? Yes, these 5 qualities define a successful Indian entrepreneur

1. 𝑷𝒆𝒓𝒔𝒊𝒔𝒕𝒆𝒏𝒄𝒆:  An Indian entrepreneur faces a different set of challenges. For example, some of the innovations need government permission to market. It requires a different level of patience and persistence to get them. The distance of the entrepreneurial journey before being a success or failure is very long, many give up even before coming to a logical conclusion. Persistence is the only mantra for an Indian entrepreneur.

2. 𝑨𝒅𝒂𝒑𝒕𝒂𝒃𝒊𝒍𝒊𝒕𝒚:  The world is constantly changing, yet the boundaries are defined. Entrepreneurs face a lot of unexpected obstacles and surprises in day-to-day work, so they must act quickly and efficiently. Adaptability to shifting conditions is what makes a successful business. Flexibility in working style, goal-oriented approach and dynamic team culture are the three strategies to increase the adaptability of a startup.

3. 𝑭𝒐𝒄𝒖𝒔:  Entrepreneurship is not just starting a business, it is making it successful and sustainable. To be a successful entrepreneur, one needs to be focused on day-to-day goals. We have many distractions – employment, family business and peer pressure. As an entrepreneur, you need to be future-minded and make backup plans to adapt to unexpected events. Resilience and flexibility mustn’t deter the long-term vision of an entrepreneur. A perfect balance between long-term vision and short-term adaptability is a must-have quality for an entrepreneur.

4. 𝑫𝒆𝒄𝒊𝒔𝒊𝒗𝒆𝒏𝒆𝒔𝒔:  An entrepreneur has to make many decisions daily and sometimes very difficult decisions. Entrepreneurs needn’t be stressed about being correct always. Not all decisions lead to positive outcomes. Most of the Indian startups are founded by teams, and a majority of them fail due to a lack of consensus among the partners or a delay in decision-making. In such circumstances, the cofounders may adopt a delegation model for faster decision making. For example, one cofounder may take care of business development while another one takes care of finance. However, they can’t be exclusive zones.

5. 𝑺𝒆𝒍𝒇-𝒂𝒘𝒂𝒓𝒆𝒏𝒆𝒔𝒔: Most of the Indian entrepreneurs are jack-of-all-trades, they take up many things on their own and tend to make more mistakes that can be avoided. A great entrepreneur is aware of his strengths and weaknesses. Self-awareness means knowing what we don’t know. Entrepreneurship is all about getting complementary talents to work in tandem and contribute to a common goal. These five essential qualities may not be unique to Indian entrepreneurs but they are necessary for the Indian entrepreneurial ecosystem.

𝐀𝐦𝐚𝐫𝐧𝐚𝐭𝐡 𝐒𝐚𝐫𝐚𝐧𝐠𝐮𝐥𝐚
𝐕𝐢𝐤𝐬𝐢𝐭 𝐁𝐡𝐚𝐫𝐚𝐭 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫𝐬 𝐍𝐞𝐭𝐰𝐨𝐫𝐤
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