6 Rules

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I spent the other weekend in Hyderabad with some of the other fellows who are placed in India. We had a great time catching up and sharing our reflections on the past couple of weeks. On the plane ride home, in the airplane magazine, I read an article about a young man who had started an edutainment business when he was 23. (He’s now 25.) He had 6 insights into starting and running a business that hold so true for much of the enterprises we are working with. I decided to share my own thoughts on my experience through these rules.

The 6 Rules are:

  1. Be prepared to give at least 10 years of extremely hard work & commitment.
  2. Having the right business partners with good experience on board counts!
  3. Never let someone else tell you what you can & cannot do.
  4. Meet someone new & learn something new every single day.
  5. Things happen for a reason. Do the job with intensity & enthusiasm in success or failure.
  6. Ideas are a dime a dozen. Implementation is what is crucial!

Please view the video for context/detail. Enjoy!

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3 Responses to “6 Rules”

  1. Rob Says:

    Sophie – this is great stuff. I would love to see the original article from the airplane magazine, if it’s available in electronic format. I was also struck by your analysis of how these 6 key concepts apply to Drishtee – and how there are some universals in the business world that apply whether you are a startup edutainment enterprise or a franchised kiosk company or a social venture capital fund (!). Seriously – the ideas of embracing failure (“failing fast” is what a friend of mine recently called it) and working hard apply to everything. I wonder how we can measure investment performance by trying to gauge how well an entrepreneur can handle these 6.

    Finally – are there more beyond the 6? What are the other Fellows finding?

  2. Sophie Says:

    Hi Rob,
    There were only 6 in the article. I don’t have access to a scanner at work but will see if I can find one. Otherwise I’ll make a copy of it and have someone I’m meeting over break to mail it to you. Good question if there are more then 6…we can ask the fellows…

    Sophie

  3. Nancy Harries Says:

    Hey Sophie – The 6 “rules” are very interesting and your comments thought provoking. The advice seems to range from practical ideas to maximize the external environment – like the right Board members, to more personal tips to maximize self-mangement relating to personal enthusiasm etc. I especially like ‘don’t fret and don’t regret’; wise counsel for any aspect of personal or professional life!

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