This article will help you discover whether you genuinely want to be an entrepreneur and enable you to take the right steps to start and build a successful business. My story, coupled with the questions and decision-making steps, will certainly guide your path to know whether you have the entrepreneurial mindset and you are really ready to launch yourself as an entrepreneur.

A bit about my journey

As long as I can remember, I always wanted to be an entrepreneur. When I was barely seven, I realised for the first time that I had it in me to earn money. My mother had asked me to sell homemade ghee (clarified butter) in the market. We were being paid two rupees for a litre. She suggested I get a better deal.

Being born and brought up in a small village in Bihar, there weren’t many commuting facilities available then. I walked for two-and-a-half hours (almost 10 kilometres) carrying 4 litres of ghee. In those days, only select shops bought homemade butter. The first shop owner rejected my product, stating it was impure. The next shopkeeper offered me one rupee and twenty-five paise. The third offered to pay me two rupees and seventy-five paise. In spite of the clear margin in profit, I didn’t sell my product to him. I kept scouting for the best deal. From 11 in the morning until 3 in the afternoon, I was on a mission! Finally, at 3, I sold it to that shopkeeper who was ready to pay me two rupees and seventy-five paise for a litre. I had earned three rupees more than what we were earning currently! I was super excited!

From a coder to the CIO (Chief Information Officer) of Sony, a leading multinational organisation to becoming CEO (Chief Executive Officer) of the digital arm of Zee, one of the leading television-channel companies in the world, I’d been there done that. It was time to take the plunge into entrepreneurship.

In 2010 when I started out on the journey of entrepreneurship, my sole goal was to make over 200 crores. I’d thought when I’d achieve this tangible target, I’d hang up my boots.

I built and ran half a dozen companies/products and services. I was making a decent sum. But destiny had more profound plans for me.

My self-discovery began a few years back when I started meeting many youngsters who had the right skill sets, and wanted to become entrepreneurs, but didn’t know what and how to do things the right way. Scared of the reality that much over 90% of businesses shut down within 18 months of their commencement, they had substantial reason to feel apprehensive. This is where I came in.

My resolve to make this my new ‘business model’ strengthened when I read reports on the state of affairs of the skilled and unskilled, unemployed youth in India. A report released in 2019 stated that 33% of the country’s skilled youth are unemployed.

Once I decided this would be my new calling, I started studying strategies that worked for me (and those that had not benefited me). I researched extensively on trends that top global leaders/entrepreneurs followed. I made foolproof blueprints on all the steps and strategies that were needed to start, sustain and scale up a business. Any business.

After having interacted with over 50,000 individuals from different professions, I realised it was still the tip of the iceberg. We are talking about crores of unemployed youth here, so how could this strategy alone reach out to all those professionals who didn’t have access to any of my learnings and teachings? That’s when I decided to start offering training, workshops and writing blogs to guide others interested in starting up the business.

I’ve incorporated all that I’ve learned, unlearned, understood and assimilated over three decades of my life — from an employee to entrepreneur to educator. This to-do guideline workbook of a sort, has crystal clear strategies, well-defined steps, and simple exercises that’ll give the reader an accurate direction on which path to tread on so as to become a successful business owner.

Now my vision is to create excellent entrepreneurs who in turn can possibly become global leaders in innovation. My mission is to assist at least 100,000 entrepreneurs in the next few years. This book is part of that initiative.

How to know if you are really ready to be an entrepreneur

Let’s start from the beginning.

Why do you want to be an entrepreneur? Is it because you want to make lots of money? Or do you want to follow the trend? Or do you want to prove someone wrong? Or do you dislike your current job? Instead of getting carried away by your personal, professional or social circumstances, think deep and long about why you want to be an entrepreneur. It should only be because you genuinely want to be that. Because you know no other way to be. Only then will you be able to be successful in your endeavor. Only then you must take the plunge. Entrepreneurship has to come naturally to you.

Below are my 5 reasons as to WHY I wanted to be an entrepreneur all along. It may help you decipher and decide your reasons:

Let’s start from the beginning.

Why do you want to be an entrepreneur? Is it because you want to make lots of money? Or do you want to follow the trend? Or do you want to prove someone wrong? Or do you dislike your current job? Instead of getting carried away by your personal, professional or social circumstances, think deep and long about why you want to be an entrepreneur. It should only be because you genuinely want to be that. Because you know no other way to be. Only then will you be able to be successful in your endeavor. Only then you must take the plunge. Entrepreneurship has to come naturally to you.

Below are my 5 reasons as to WHY I wanted to be an entrepreneur all along. It may help you decipher and decide your reasons:

First: I was always dealing with technology at the forefront, and in the background, I was keenly following the substantial influence of the media in shaping the world. I could see the advent of technology-driven media convergence. I was certain there would be ample opportunities to explore and become a chief player in the converged media domain.

Second: With the easy availability of smartphones, high-speed internet, and seamless connectivity solutions, the new media paradigm was emerging rapidly. While existing players were busy maximising their profit and fulfilling their commitments to investors and other stakeholders, I thought of becoming a challenger to capture the emerging opportunity.

Third: For over 18 years, I built technologies, launched businesses, and successfully executed mega marketing plans. Those learnings, expertise, and experiences helped me fly out of the comforting nest, create more, achieve more, and offer more. I was convinced that there could not be anything other than taking the plunge to capture this opportunity.

Fourth:Becoming successful at anything requires an understanding of market realities, knowing well the kind of risk you are going to face, and having a network of people who can connect your opportunity to the market. I was ready with all these three factors favourably tuned up at my side.

Fifth: Most of my past endeavours made me garner significant outcomes starting from scratch and building things up, bit by bit. I wanted to challenge the usual – be a disruptor, create mystery, and be part of creating history rather than follow the norm.

I hope by now you have got the idea. Instead of allowing your emotions to supersede your decision of becoming an entrepreneur, it is better to first solidify your reason as to WHY you want to start your own business.

Second: With the easy availability of smartphones, high-speed internet, and seamless connectivity solutions, the new media paradigm was emerging rapidly. While existing players were busy maximising their profit and fulfilling their commitments to investors and other stakeholders, I thought of becoming a challenger to capture the emerging opportunity.

Third: For over 18 years, I built technologies, launched businesses, and successfully executed mega marketing plans. Those learnings, expertise, and experiences helped me fly out of the comforting nest, create more, achieve more, and offer more. I was convinced that there could not be anything other than taking the plunge to capture this opportunity.

Fourth:Becoming successful at anything requires an understanding of market realities, knowing well the kind of risk you are going to face, and having a network of people who can connect your opportunity to the market. I was ready with all these three factors favourably tuned up at my side.

Fifth: Most of my past endeavours made me garner significant outcomes starting from scratch and building things up, bit by bit. I wanted to challenge the usual – be a disruptor, create mystery, and be part of creating history rather than follow the norm.

I hope by now you have got the idea. Instead of allowing your emotions to supersede your decision of becoming an entrepreneur, it is better to first solidify your reason as to WHY you want to start your own business.

I invite you to engage in an introspective exercise, deciphering your five WHYs (and WHATs) to find the real reasons as to why you want to be an entrepreneur:

Now, it is your turn. Do you want to discuss what you are thinking? Do you want me to help you guide your path towards making the decision? You can book a free 30 minute session with me. Click here.