2011 has been a good year for us. Our revenues increased, we launched a new business line and most importantly were able to deliver exceptional value to our clients.
Entrepreneurship is fun. You learn so much each day. It is amazing. 2011 was no different.
Here are 5 things that I learnt as an entrepreneur this year (nothing new - but still worth mentioning) -
1. Time is the most powerful asset for any entrepreneur (actually, anyone): I am still learning how powerful it is. Whether it is decision making, whether it is being patient and not wavering from what you believe in or whether it is losing or winning a deal - time is of essence. All that we can do is try to be prepared - as best as we can - to adapt to the new reality.
2. Having a bigger purpose is essential for any Company: At NetElixir, we want to help our clients build successful online businesses.
3. Its all about people - your team. You can succeed only if their personal goals align with the company's goals. You can only build a successful business with people who are "in the game", both mentally and physically.
4. Prior to taking any key decision, use financial model to estimate its impact. I learnt this from a gentleman who has taken 10 companies from $100 million to a billion during his career.
5. Make a conscious effort to understand your customer needs. Very often we fall into the trap of thinking we understand our customers. Reality is,most of the time "we do not".
Wish all a very Happy, Healthy and Successful 2012!
Thanks,
Udayan
Comments