Four Things Our PM Could Learn From Entrepreneurs

four-jason-blackeyeSince I’m tired of the articles that want entrepreneurs to learn X things from Y, here is one that goes the other way round. Four things our PM could learn from entrepreneurs.

  1. Ideas are cheap: It is the execution that matters. Every rookie entrepreneur zealously guarding his idea is told that by the community. Even if you have to go stealth, you do it for the execution’s sake, not at the cost of the execution.
  2. Don’t go at it alone: Have at least one partner, ideally with complementary skills, ideally someone who can challenge you. Don’t start with a bloated team, but take help of specialists for specific skills.
  3. Draw up a (business) plan: Even if you don’t want to raise money. It helps in clarifying your own thought and plan better for circumstances that are inherently risky.
  4. Know when to quit: Persistence is good, but so is knowing when to quit. Know when to gracefully exit instead of continuing to pour money and effort into an idea that is not going to work.
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About Jaya

Jaya Jha is an entrepreneur, a techie, a writer and a poet. She was born and brought up in various towns of Bihar and Jharkhand. A graduate of IIT Kanpur and IIM Lucknow, she realized early on that the corporate world was not her cup of tea. In 2008, she started Pothi.com, one of the first print-on-demand publishing platform in India. She currently lives in Bangalore and divides her time between writing and working on her company's latest product InstaScribe (http://instascribe.com) with a vision to make it the best e-book creation tool. Blog: https://jayajha.wordpress.com Twitter: @jayajha Facebook: http://facebook.com/MovingOnTheBook

2 thoughts on “Four Things Our PM Could Learn From Entrepreneurs

    • That would have been on my list too, except that in the case of demonetization, it will be rejected outright. Assuming demonetization, implemented correctly, could flush out some black money, it had to come as a surprise and it had to be sweeping in its scope.

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