Articles | Entrepreneurship

The Formula for Success in Entrepreneurship

The e-commerce industry has changed the landscape of the start-up ecosystem of India, for the better. Every time, while reading about the success stories of organizations like ‘Flipkart’ and how the Bansal duo officially entered the Forbes billionaire club, there are many aspiring entrepreneurs, hoping to make it big, eventually.

So, what does it really take to be a successful entrepreneur? While there is no specific recipe for success, there is no substitute for hard work and dedication either. Establishing a venture entails taking risks, having the ability to anticipate consequences, demonstrating a thorough understanding of the environment in which one plans to operate in and the ability to handle setbacks.

The future belongs to those who can innovate as well as address India’s systemic issues in the process. While doing so, it is important to ensure that the initiative that you plan on taking is aligned with your passion, abilities and core values. The fruits of success are more likely to come to entrepreneurs who can stay focused on their strengths, while striving for excellence.

The entrepreneurial journey is all about executing a new idea and continuously evolving in order to stay relevant. It is through humility and positivity, that facilitating the process of learning and growth becomes possible.

So, while the Bansals’ ‘Flipkart’ continues to raise the bar for start-ups in the e-commerce industry; they have proved that through visioncommitment and determination, your dreams can be transformed into successful realities.

Articles | Behaviours

Do You Think You Are Still Learning?

Consciously or sub-consciously we are all capable of learning throughout our life span. However, some learn more or faster than others. What really triggers this conscious learning? It is the realisation of a gap. This, in turn means accepting that we don’t know something.

My niece is due to turn one in another 3 months and watching her transform has sort of become our favourite pastime. Observing her has also made us quite aware of our own selves. There is so much one can learn from observing a tiny baby and its activities. Little Natasha is now ready to stand up. She is eight and a half months old and she has dragged her tiny body around, supporting herself on her palms and knees for almost two whole months now. We are afraid she will soon stand up and begin walking.

Observing her does pose an interesting question: Is Natasha aware of her own learning competencies. The answer is ‘yes’. Studies have suggested that a lot of learning takes place during the first year of our life and this learning is primarily acquired through observing our own body movements as well as those of others.

Looking at Natasha also helped us reflect on our own learning styles. Most often, we, like Natasha tend to remain in the ‘Unconscious Incompetence’ phase wherein we are not aware that we need to inculcate a new skill. During her crawling phase, Natasha does not know if she can walk. She is unconscious of her inability, probably because she has never even attempted walking or even standing. Eventually, she will observe that others tend to be quicker than her because they walk on their two feet. Here begins the second phase of her learning which is ‘Conscious Incompetence’- an awareness of her inability to walk. This awareness might prompt her to attempt standing up. When she is in this second phase, she will have quite a number of falls but she will eventually learn to stand up. In our case, when we realize that acquiring a particular skill will benefit us, we become aware of our incompetence and then we start working towards developing this new skill.

After a lot of practice, Natasha, quite like us, reaches the third phase which is called ‘Conscious Competence’. In this phase, Natasha is able to stand up and she also becomes aware of her ability to stand. However, a lot of effort is still expended by Natasha as well as us when it comes to putting this newly acquired skill to use.

Learning comes a full cycle once we reach the fourth and final stage of learning which is called ‘Unconscious Competence’. At this stage, Natasha is able to stand up without much effort and is able to also walk whilst holding on to other objects for support. At this juncture, she has begun using her acquired skill unconsciously and is gearing up to acquire more new skills. In our case, when we use the newly acquired skill with ease and without expending any effort, we have reached a stage of Unconscious Competence. In fact, this new skill is now at our disposal and we again gear up to acquire something new. So people who constantly put themselves in new situations or take up new challenges tend to learn a lot more than people who never deviate from their routine and comfort zone.

Articles | Insight

How to Make the Right Career Choice

The other day I met a gentleman who was very excited to hear about what I have launched in the form of SoaringEagles Learning.

He said “My daughter has just finished college. She was not very good in studies or interested in Commerce but we told her to do a B. Com. Now she is not sure what to do as she does not really want to crunch numbers or take up CA exams. We are also confused now and have told her to take a break for some time. Hopefully she will figure out something to do.”

Sounds familiar, doesn’t it? We come across so many people who have pushed their children to take up engineering, medicine, B.Com, and so on without any consideration for what their children want to do. Actually, the irony is that the children themselves are usually clueless about what they like or would want to do and so don’t mind being told what to do. However, this leads to more confusion and disillusionment. But it doesn’t have to be this way.

All of us are born with unique qualities and talents. Some talents are visible like music, art, and so on, but most are not visible. Someone may have the gift of the gab, someone may be good at being sensitive to others’ feelings, and some may be really good with numbers. The trick is to recognize these talents, develop them, and use them in one’s chosen field of work. Doing this will really make the person someone to reckon with. The Lakshya Employability Acceleration Programme is developed on this premise and hence will have a far-reaching impact on a person’s life and career path.