Face your inner Shaitan(Entrepreneur)!!!

If you are not living on the edge, you are taking up too much space!

That's the tag line in Anurag Kashyap's new thriller, which in fact I recommend watching. I meet a lot of people who pour their hearts out about ideas they are incubating in their heads for a long period of time. And believe me everyone around you, including you has that one great idea in mind. What prevents the baby to break the egg are myths, which remain dominant in most cases, and ideas are never taken to the execution stage in the whole lifetime.

1. AM NOT READY. Believe me you never will be. Risks are there in everybody's life, just re-think on their real magnitude, are they imaginary or created risks. Mitigate the actual potent risk and take the plunge. The idea of waking up one morning, going to office, submit a 0 day notice resignation, gives me a high till date.

2. LEADERSHIP. Can I get work done from a person or a team? Intimidated even before experience. Leadership is not about expressing authority, it's about charming, by both your personality and visible actions which contribute to employee's growth. The more challenging task is finding a good guy, not getting him to work. Yes, tracking is important but working as a team takes care of it.

3. FINANCE. Is the most easiest thing available if not as capital, as leverage. Which is even better, why would you want to give somebody a piece of your cake in exchange of money. Unless we are talking in tune of a million dollars, finance is easily available, try approaching your bank. If business loan is not feasible, you can always get a personal loan. For eg in food business, a capital investment( raised thru personal loan at say 18% PA) of INR 5 lac can give you first year annual turnover of INR 36 lac, very minimal net profit: 3.6 lacs, which you can reinvest or keep as personal salary. Initial 6 months can be a pain. But these figures will grow considerably in coming years depending on your product and strategy.

Business I created, money has come from clients themselves as advance, but yes having said that, getting initial 5 clients is not easy. Worst case, Complete loss making proposition, you can dispose the setup you created at a discount, payback loan as much possible and look for a new job. But it will be a "THE 'NO REGRETS' LIFE" that you'll live.

Easier said than done, ultimately it's YOU who can/has to bring out the Shaitan in you. I'll be happy to discuss/help about any 3 of the fears I have mentioned or your very own unique roadblock.