Amazon launches its first ‘Digital Kendra’ to help MSMEs start digital Journey!
Setting its first brick-and-mortar ‘Digital Kendra’ in Surat, Gujarat, Amazon India announced the launch of its first resource center in India.
Staying true to its mission to digitize 10 million Indian small and medium businesses (SMBs), Amazon ‘Digital Kendras’ will act as establishments and will provide opportunities to small business owners to learn about the benefits of e-commerce. It will also avail the third-party services like shipping and logistics support, cataloging assistance, digital marketing services, GST, and taxation support to kick start their journey towards being digital entrepreneurs.
Manish Tiwary, Vice President at Amazon India said, “This is an important step towards the commitment we have made to digitize MSMEs. Our thought process was that if Amazon can go down to these MSME clusters and handhold them through their journey of digitization, it will help small businesses take their first steps towards e-commerce. Our trained resource partners will take these MSMEs through all the services and various programs which Amazon provides.”
“Amazon believes that a sustainable way for MSMEs to get on their feet is to go digital. And having the comfort of a physical center will only help MSMEs get the right level of confidence,” added Tiwary.
Tiwary added that Amazon India has helped Indian MSMEs export $1 billion in shipments in the last 12 months, under its ‘Global Selling’ program. Of the 850,000 sellers on Amazon India, the e-commerce major has onboarded over 300,000 sellers since January 2020.
“Last year at Smbhav, we had announced that Amazon will invest $1 billion in India to help digitize 10 million Indian MSMEs by 2025. And today, we take one more important step towards that goal as we open our first Amazon ‘Digital Kendra’ in Surat, Gujarat. This is an earnest endeavor to bring the right tools, support, and services infrastructure closer to where MSMEs are based and help them benefit from e-commerce,” said Amit Agarwal, senior vice president, and country head, Amazon India.
Amazon India has more than 100,000 sellers in Gujarat, at present, Tiwary added.
Last year, during Amazon Inc founder Jeff Bezos’s visit to India, the company had announced three important commitments – to digitally enable 10 million MSMEs, enable eCommerce exports worth $10 billion and create 1 million additional jobs in India between 2020 and 2025.
Based on the feedback for its first ‘Digital Kendra’, Amazon India will look to open more such resource centers in the country.
7 Leadership Lessons Entrepreneurs Can Learn From M.S Dhoni For Success!
An outstanding batsman, an excellent wicket-keeper, and a powerful leader- Mahendra Singh Dhoni was one of the brilliant captains in Indian cricket history. He has developed an extraordinary reputation for being one of the greatest leaders that the game of cricket has ever seen.
Though he retired from Test Cricket in 2014, he still has a great influence over Indian and international cricket. Not just an extraordinary captain and leader, Dhoni also swiped many awards and holds several records including most wins by an Indian captain in Tests and One Day Internationals. He also has the most back-to-back wins by an Indian captain in ODIs.
India won the 2007 International Cricket Council (ICC) World Twenty20, the Commonwealth Bank Series of 2007–08, the 2010 Asia Cup, the 2011 ICC Cricket World Cup, and the 2013 ICC Champions Trophy under his captaincy.
His list of achievements is so long that we can keep on writing and still some of them will be left behind. But there is one amazing trait of our former Indian captain that deserves special mention- his leadership skills.
M.S. Dhoni has an arsenal of leadership skills that entrepreneurs can certainly apply both personally and professionally. Here are seven incredible leadership traits that are a useful template for business captains too:
1. Being True to yourself & Confident
Confidence is the key to success and M.S Dhoni is the best example of that. Even though he comes from a very modest background, he never let this hold him back from achieving his dreams. On the field or off the field, Dhoni is always confident, forthright and often surprises his fans, audience, and media with his witty comments.
Staying true to yourself will not just carry you far in the sporting world, but also the corporate as well as the business world.
2. Handling Seniors & Managing Egos
Despite the presence of many senior players in the team, Dhoni was chosen as the captain of the Indian Cricket Team in 2007. It was a tricky situation that could have backfired had it not been handled wonderfully by Dhoni. After becoming the captain of the team, he did not rush to make changes to mark his stamp. Instead, he took his time about making changes and maintaining strategies that had been proven useful.
This is something that new entrepreneurs or managers can learn from Dhoni. In business, many managers or senior leaders have to contend with and manage the egos of various people in their team. However, patience is the key to win the hearts even of those with the iron ones. Some can also listen to leadership speakers in India to enhance this essential trait.
3. Staying Calm under Pressure
M.S. Dhoni has earned the title of “Captain Cool” due to his calm and composed demeanor on the field even during nail-biting moments. Even when severely tested, he manages to not lose his temper which used to influence the entire team to resist caving in. He kept inspiring the team like the best motivational speaker to perform at par no matter what the situation is.
This is one of the most crucial leadership skills for entrepreneurs to keep calm and not give up when the situation is not in their favor.
4. Handling Success
Dhoni well-received fame and money at a very early stage in his career. But he was and still is, humble and modest. He did not let the success get over his head while maintaining a steady path.
We often see that entrepreneurs who gain success too early often lose their focus and balance. They are unable to maintain the poise that is required for the business’s success in the long run.
5. Staying Focused
To remain focus on your goals amidst all the criticism is no child`s play. But Dhoni showcased his indomitable spirit of remaining focused on what is important during the Champions Trophy amidst the controversy that surrounded the Indian Premier League.
An ability to cut through the clutter, distraction, and negative energy is one of the best marks of a strong leader in every situation. If you want to become a powerful leader, you can hire one of the best leadership speakers in India– Dr. Vivek Bindra.
6. Handling Failure
Handling failure is as important as handling success. And no one has ever done it better than the former Indian captain M.S Dhoni himself. In the 2011 World Cup, Dhoni and his team were performing spectacular but then suffered a string of losses. However, the captain cool fought back by showcasing a world-class game of cricket combined with his high spirits.
Ups and downs are part of an entrepreneurial journey. Businesses tend to suffer some degree of failure at some point or the other. But, if you want to be successful, you will have to have the courage and strength to bounce back without losing faith in your dreams.
7. Team Playing
Just like no cricket team can win a match without the contribution of its 11 players, no company or organization can succeed without the team’s efforts. Dhoni has always believed in encouraging and supporting his players at all times with his trust and confidence. This support from their captain has always inspired them to play like there is no tomorrow.
This is a golden trait of M.S Dhoni that makes him the most loved and respectable captain of all time. Entrepreneurs should feel safe to experiment and fail if they need to be. Managers must also come to terms with the fact that no organization or department can achieve its goals without their respective team members.
M.S Dhoni is known not only for his famous ‘helicopter shot’ and his excellent class of game but also for his unmatched leadership skills and team spirit. Young entrepreneurs can learn big lessons from him about how resilience and focus can help their businesses to grow.
To gain in-depth knowledge about building a startup from the scratch, join our ‘Entrepreneurship course’.
5 Reasons Why Entrepreneurs Shall have a Powerful Personal Brand!
Every startup business must have a brand value and every entrepreneur must focus on creating an impactful personal brand. If you have been in the market for years and still do not have a visible and powerful brand, you are doing at a great disadvantage to yourself in professional, business, and personal life.
What is personal branding?
From individual to popular brand, everyone has a unique personal brand. Personal branding is the art of marketing yourself and your business as brands, just like Dr. Vivek Bindra. Today, if anyone thinks about the best motivational speaker in India, Dr. Vivek Bindra, and his organization Bada Business is the first thing that comes to mind. That`s how much popular as a personal brand Dr. Vivek Bindra is in the business world.
Though personal branding is an ongoing process, entrepreneurs, solopreneurs, or small business owners should strive for a powerful, attractive, and visible personal brand.
Wondering how can you achieve that?
Always stay true and display your authentic self by showcasing the engaging aspects of your professional and personal activities and interests.
Still, thinking, why do you need personal branding at all?
Here are five major reasons to have a top-notch personal brand if you want to be successful in the long run:
1. Attracts Big Opportunities
Opportunities will knock at your door only when you are being VISIBLE. When your brand or you as an entrepreneur are performing great in your professional work, customers, clients, vendors, and even companies will approach you and reach out to you. This will not only help you to make more customers but will also boost your revenue.
Want to know how you can create a brilliant personal brand? You can take online business courses for entrepreneurswith Bada Business where you can learn in-depth knowledge of personal branding.
2. Networking- Online & Offline
When you turn yourself into a brand that is recognizable and quite popular among people, everyone finds you desirable and attractive. This can help you build great professional connections as you can share distinct aspects of your business and brand with them. This variation will compel people to connect with you and do business as well.
3. Build your Business
A personal brand can yield much success to a business because from clients to customers and vendors, everyone would prefer to do business with a company whose leader has a killer personal brand. Best examples are Elon Musk, Ratan Tata, Warren Buffett, and Bill Gates. The entire concept of personal branding is also known as brand equity in the business world.
Watch this compelling video on brand equity, here.
4. Boosts Confidence
Developing your brand requires you to unleash the inner leader inside you. You will have to find your authentic voice. When you find your voice, you will become much more capable to connect with your potential customers. Your audiences will start responding more positively that builds self-confidence and self-esteem. A powerful, visible, and attractive brand is the key. It helps you to create credibility and the reputation of your business in the long run.
5. A Lively Personal Life
A strong personal brand will not only help you in your business as an entrepreneur but also help you to have an enriched personal life. When you are interesting, people notice you and connect with you. Many times, you can become the best of friends with people who contacted you through your LinkedIn or Facebook profile.
Not only it is important you have a brand presence of your business, but also as an entrepreneur personal branding is equally important. If you want to learn more, you can take online business courses in India.
You can also take our premium course ‘Entrepreneurship course’ to find personal guidance to increase your brand presence consistently to facilitate sales, engage your customers and close leads.
Bengaluru Tech Summit-2021 To Be Held In Hybrid Mode This November
Bengaluru Tech 2021 with the tagline ‘Driving the Next’- a three-day annual flagship event will be held in a hybrid format from November 17, 2021.
The event will be inaugurated by the Prime Minister Narendra Modi. Not only that the U.S. Vice-President Kamala Harris will be invited to participate in the event, said Deputy Chief Minister C.N. Ashwath Narayan, who holds the IT/ BT, Science and Technology portfolio, told reporters here on Monday after holding preparatory meeting with the officials and chairpersons of Vision groups.
He also said that in the view of the possible third wave of COVID 19 breaking out the event will be organized in a hybrid format with one part being virtual and the other physical. The last event was held virtually for the first time, and the event had received an overwhelming response and participation from delegates of 25 countries, he added.
The three-day event will have distinct theme and topic. ‘Thought Leadership Day’ will be held on the first day of the event, while ‘Technologies and Strategies Day’ and ‘Startups Day’ will be held on the second and the third day respectively.
Prior to the event, ‘Beyond Bengaluru’ will be held in Mysuru, Mangaluru, and Hubballi during September and October. The event received overwhelming response from experts and delegates from 25 countries all over the world when it was held in virtual mode for the first time in 2020 due to the Covid-induced restrictions,” Narayan said.
Dr. Narayan said that Union Ministers Nirmala Sitharaman, Ravi Shankar Prasad, Harsh Vardhan, and Nitin Gadkari, among others, will also be invited for the event.
“To actively involve academia, VTU and Higher Education Council will be roped in for all the events,” he added.
5 Common Habits That Can Stop Your Entrepreneurial Journey!
For any young and aspiring entrepreneur or solopreneur, establishing the right practices and healthy habits is very important. It can help you to set on a path toward career success. All too often, many young guns approach success as an overnight miracle.
But truth be told, it is a grueling mountain climb to the summit. We all might want it to happen all at once, after all a winning moment is far more appealing and exciting than inching steps towards building it.
Even the best motivational speakers in India will you that success is what happens over time as the result of patience, focus, determination, and lack of harmful habits.
Few habits might appear simple and harmless, but in reality, they might be hindering your entrepreneurial journey rather than helping it. Many entrepreneurs might not even see them as significant hurdles in the journey of success.
But, the longer you maintain these bad habits; you might likely delay your encounter with success. So what are these habits that are harming your long-time success? Here is a list:
1. Being Overly Curious
Many people might drop their jaw in disbelief after reading the above subheading because entrepreneurs have to be curious to come out with innovative startup business ideas, right? But, sometimes their curiosity can lead to endlessly searching for a business idea that is unique or can become the next big thing. This distracts them from building the business at hand.
Be curious about legal, sales, accounting, marketing, and alliances as these can help you grow your business. But never lose focus because one bird is better than two in the bushes.
2. Overthinking
If you have ever attended a seminar by any famous leadership speaker in India, you must be well aware of one thing that all of them say unanimously- ‘part of being an entrepreneur is making a hard decision’. No, if we thought about something more than it required, we would never like to make a move.
Overthinking can be one of the reasons why most of the capable people with a great startup business idea are still doing a 9-to-5 desk job. Thinking about the pros and cons is a natural process, but some people might overdo it and will keep saying “what if”. The best way to make rational decisions is to think about them and move forward. Sometimes a decision will work, and sometimes it will not, and that is just a part of it. Hence, think about a situation, its consequences, analyze it, and make a move. You can also watch video on “Covid Proof & Recession Proof Business Ideas” here:
3. Seek Perfection in Everything
Many people brag about being a perfectionist in every aspect of their lives. But very few people know that striving for perfection in everything is a major form of resistance. And, it could be one of the major reasons that can hold an entrepreneur back. Seeking perfection is a covert form of procrastination.
When you seek perfection, you subconsciously are trying for something that does not exist. Try to do your best, but always remember that any product, business, and service will always be a work-in-progress. Learning and improvements have no expiry dates. Whatever, you decide to do, do it with a focused mind. Avoid demanding perfection because it will gobble up all your time and put your goals on hold for a prolonged period.
4. Not Asking for Help
Most often people say that your experiences make you wiser. But in the business world, what makes you wiser is to learn from other`s mistakes and ask for help when stuck. Not asking for help can play a giant roadblock in an entrepreneur`s success.
Learning by the trial-and-error method can be great, but it is a long process and can delay your business growth by many years. With the help of a business motivational coach or a mentor, your initial days can be a lot easier.
You can hire a professional business motivational speaker in India and with his expertise, you can take your startup business in the right direction.
5. Switching From Idea to Idea
Switching between different ideas and strategies constantly means you are not sure about your business goal. You are so keen to bring results that you are not pursuing any single approach long enough to see results.
Building a startup means taking decisions and experimenting with distinct strategies that will bring the best results. However, developing the patience to wait for the results is also necessary. There will be times when most thoughtful decisions will not work in your favor, or a powerful strategy will fail. But instead of following the next marketing or leadership trend, try one idea and then follow through with it for some time to see the results.
You can take help from the best business motivational speaker in India to build more strategies for your startup. However, the above-mentioned habits can delay your success. Hence, overcoming them is important.
With due course of time, you will begin to take setbacks less personally and understand them as part of the long road to success. Because success is not the destination, but the road itself! To navigate in the waters of business challenges, you can take our online business training course.
E-commerce Giant Amazon Launches Intellectual Property Accelerator Program in India
E-commerce giant Amazon on Sunday, July 4 launched the Intellectual Property (IP) Accelerator programme in India, offering sellers, who are also brand owners, easy access to services from trusted intellectual property experts and law firms.
Businesses may choose to engage with these IP law firms to help secure trademarks, protect their brands and tackle infringement, on Amazon.in and Amazon websites globally.
Mary Beth Westmoreland, vice-president, technology, brand protection at Amazon, said “we are excited to offer the advantages of this programme to our Indian businesses. Our Intellectual Property Accelerator Program enables businesses to protect their intellectual property, which in turn helps to ensure an authentic shopping experience for everyone.”
Westmoreland also added that the IP Accelerator programme is already available in the US, Europe and Canada. IP Accelerator was launched in the US in 2019, and has since then expanded to Europe, Japan, Canada, Mexico, and now India.
The process of obtaining a trademark registration with the Intellectual Property India, Trademarks Registry (IN TMR) can run up to as long as 18-24 months.
The IP Accelerator programme will help brand owners and seller navigate this process by connecting businesses with trusted IP law firms that are subject matter experts in this field with experience in drafting trademark and other IP registration applications. However, they may find it time-consuming and complex to go through the process on their own.
To date, six IP law firms Hasan and Singh, Lexorbis, Sujata Chaudhri IP Attorneys, Amitabha Sen & co, Remfry & Sagar, and H K Acharya & Company have signed up to be service providers as part of the IP Accelerator programme to support sellers on Amazon.in.
Businesses can engage with these firms to overcome common hurdles that could otherwise further delay the issuance of a registration.
The programme can be accessed by sellers on Amazon.in Service Provider Network (SPN), offering the benefit of availing the service at a single place.
Sellers do not incur any additional cost in accessing IP Accelerator firm listings on SPN and they can choose to engage with the law firms directly and independently for services of their choice at mutually agreed terms.
Govt Announces The Inclusion Of Retail & Wholesale Trades Under MSMEs
Minister of MSME and Road Transport and Highways Shri Nitin Gadkari announced revised guidelines for MSMEs with the inclusion of Retail and Wholesale trades as MSMEs. With this announcement, the retail and wholesale traders will now also get the benefit of priority sector lending under RBI guidelines.
He also said that earlier both the retail and wholesale trade sector was left out of the ambit of MSMEs. But now the revised guidelines will benefit around 2.5 crore retail and wholesale traders, and will also allow them to register on the Udyam portal.
Commenting on the development, the Confederation of All India Traders (CAIT) said, with this decision, traders will be able to avail requisite finances from banks and financial institutions under priority sector lending.
The traders can now avail the benefits of several other government schemes for MSMEs, he also added in his statement.
The move has an immediate impact on smaller retailers & wholesalers with businesses up to Rs 250 crore of turnovers in availing immediate-term finance as part of various schemes announced under Atmanirbhar Bharat.
The new guidelines received a warm welcome from the retail and trade associations stating that this will enable a large number of traders to get access to the crucial capital that has been impacted greatly due to the COVID 19 pandemic.
All the measures that were announced for the MSME sector in the past year will now also apply to the retail and wholesale traders as well. This landmark decision by the central government will have a structural impact on the sector and will provide better funding options for businesses that want to get structured.
5 Emotional Challenges Entrepreneurs Must Overcome When Starting a Start-up!
For every entrepreneur who has pursued his or her dreams and attained success, many others don`t make it past doing a first draft of a business plan.
Wondering why? Only because of one factor that is absent in the successful entrepreneurs and present in the heart of those who couldn`t just get past it.
Fear of failure.
Fear is a human emotion that actually forces us to think rationally and not just jumps off the clip. But, when not handled carefully, it could mislead us. It can also trick us into believing that we are not capable of fulfilling our dreams, especially when we want to start afresh.
It does not matter how many times entrepreneurs tell themselves about their goals; the fear of failure arises, challenging them at every single step. Therefore, many people take help from a business coaches to understand the dynamics of the business world.
Review this list of seven things a young and aspiring entrepreneur might fear, and learn how it is possible to overcome them:
Confused about the First Step
After an entrepreneur sets his or her ideas in motion, the next step is to implement them. This is where most of the entrepreneurs feel clueless. This sense of confusion instills the fear of the unknown and many ambitious minds back off.
However, stepping back is not the solution. Start by finding someone who has achieved the goal which you have set for yourself. Read about that person and you will know that if she or he has achieved success, so can you.
You can also take help from a business motivational coachwho will give you wings, yet keep you grounded with rationality. Just take the first step forward and do what makes sense. The path will reveal itself as you continue to walk.
Not being an Expert
Probably, you know sufficient about your product and services that you are planning to introduce into the market, and to answer the lion`s share of questions. Your knowledge is enough to resolve the challenges that may arise.
So, don`t worry if you feel that you are not a complete expert in the field yet. Slowly and steadily you can find answers. Keeping yourself updated with the latest trends in the market will also help. You can take online business courses for entrepreneurs for continuous growth.
Being Considered Impulsive & Crazy
There are seven billion people in this world. And guess what? Not even 10 people out of 7 billion will think alike. Hence, it is okay if some people will think you are crazy to quit your high-paying comfortable job to start a new business.
While starting your own business might give you a label of a crazy soul, the safest and rational thing to do would be to spend your entire life working for someone else.
If you will ask the best motivational coach in Indiaeven he or she would tell you that it`s the crazy ones who have the ability to make a difference in the world.
So, step out of your limbs, believe in your talents, and start ahead! Sooner or later others will get convinced too!
Not able to raise Funding
Being an entrepreneur would have been like a cakewalk if only every person with an idea can slide into a conference room to attract an angel investor or waltz into a bank to receive a loan. Since the reality is different, entrepreneurs must start their business even without investors.
Even if you do not have the capital at first, you will soon figure out a slow and steady process of building the business. Sometimes better decisions are made when we are forced to take our own sweet time with things.
Failed to Attract Customers
Taking risks is scary and anticipating if your skills will be valued in the market is even more terrifying. But unless you begin your startup with a set of audience who are ready to put their money on you, not many people will immediately knock your door down.
If you approach your business positively with joy and consistently deliver exactly what you have promised, you will certainly experience an increase in the number of customers. You can also take help from a business motivational coach and come out with effective marketing strategies.
You can also take online business courses to increase your level of expertise. But do not forget to be kind to yourself because you have made it quite far and you will achieve more.
The above-mentioned challenges are the most common that every entrepreneur is afraid of. However, hard work has no substitute. When problems arise in business, as an entrepreneur you should have confidence in yourself to complete the game.
Do not be afraid when you knock the pins down. Set the pins back up and play again!
You can take our ‘Entrepreneurship course’ that is tailor-made to help entrepreneurs navigate through the challenges of business.
The government on Thursday said 14 companies, including Dell, Lava, Dixon, Wistron and Foxconn, have received approval under the Production Linked Incentive Scheme (PLI) for IT hardware.
The PLI scheme for IT hardware, which was notified on March 3, 2021, provides an incentive of 1 to 4 per cent to eligible companies on net incremental sales over the base year of FY 2019-20 of goods under target segments that are manufactured in India for a period of four years (FY22 to FY25).
The target segments under the PLI scheme for IT hardware include laptops, tablets, all-in-one personal computers (PCs) and servers.
Over the next four years, these companies are expected to fuel a total production of over Rs 1.61 lakh crore, and generate direct employment opportunities for over 36,000 people.
The program seeks to boost domestic manufacturing and attract large investments in the value chain of these IT hardware products.
“Four companies have been selected under the category IT Hardware Companies which include Dell, ICT (Wistron), Flextronics and Rising Stars Hi-Tech (Foxconn),” an official statement said. Wistron and Foxconn are Apple’s contract manufacturers.
Electronics and IT Minister Ravi Shankar Prasad said the PLI scheme has been a huge success in terms of the applications received from global as well as domestic manufacturing companies.
“We are optimistic and looking forward to building a strong ecosystem across the value chain and integrating with the global value chains, thereby strengthening the electronics manufacturing ecosystem in the country,” he added.
It is estimated that in the next four years, the approved companies under the PLI scheme for IT hardware are expected to clock a total production of more than Rs 1.61 lakh crore.
“Courage is not the absence of fear, but rather the judgment that something else is more important than fear.” – Meg Cabot
One of the scariest things that almost every human being feels to do is to make mistakes, to take risks and meet failure, to try out of the league and fall hard. But mistakes are essential for professional as well as personal growth for both the individual and the organization.
We all make mistakes, every one of us. Making mistakes is a sign of business motivation, and that we are trying something new in your life. It is the pathway to great ideas and innovation. It is the best way to learn and grow. If you are not making mistakes, then we likely are not doing enough new things outside our comfort zone, and that itself is a blunder.
If you thought only common people like you and me are prone to making mistakes in the business, think again! Legends like Ratan Tata, Narayan Murthy, Satya Nadella, Steve Jobs, and many other successful millionaires have made mistakes and learned from them too!
Here are some mistakes that these leaders made, but learned from them to bounce back in their lives:
1. RATAN TATA
One of the most esteemed and respectable personality in the business world, Ratan Tata needs no introduction. The Chairman of Tata Trusts and former head of Tata Sons has achieved great success with his incredible business ideologies and strategies. However, even he admitted his mistake when his ambitious project TATA NANO failed to create waves in the market.
According to him, his greatest mistake was branding the Nano car as the cheapest instead of ‘most affordable’, which was the true intention behind bringing it into the market. By using the word ‘cheapest’ instead of ‘most affordable’, a negative impact was created on the market.
You can watch the full story of what led to the failure of TATA Nano, right here to get some business motivation from this legendary industrialist.
2. SATYA NADELLA
Indian-born Satya Nadella made headlines when he replaced billionaire Steve Ballmer as Microsoft CEO in 2014. Before he replaced the former CEO, Nadella was Microsoft EVP of the cloud and enterprise group. Since he took over the charge, Microsoft`s stock has increased by more than 150%. However, this was not always been the case.
In July 2015, the Microsoft CEO acknowledged that thinking that the personal computer (PC) will reign supreme forever was his biggest mistake. Today, smartphones have overshadowed PC as the hub for everything to some extent.
He has steered Microsoft away from a failing mobile strategy of NOKIA, and focused on other segments, including cloud computing and augmented reality.
Watch the full story here:
3. ELON MUSK
Elon Musk, who is the founder, CEO, and Chief Engineer at Space X is also the CEO of Tesla Motors. A successful entrepreneur and a business magnate has also made mistakes that he still regrets. While participating in a Q&A at South by Southwest, the Tesla CEO said that the biggest mistake that he committed in his entire career was not being more involved with Tesla in his initial days.
From 2004 to 2008, Elon Musk was a lead investor in Tesla. However, he was also the CEO of SpaceX, a space exploration company. Today, he has moved past his mistakes and regrets to run a successful million-dollar company.
Watch his inspiring journey, right here:
4. WARREN BUFFETT
The year 2015 marked the 50th anniversary of Warren Buffett and his partner`s decision to take control of Berkshire Hathaway. However, the current CEO of Berkshire Hathaway once considered this to be the biggest investment mistake and called it a “monumentally stupid decision”. He said that the only reason behind him acquiring the company was because it was cheap.
Watch his amazing entrepreneurial journey, here:
The majority of entrepreneurs and professionals are not particularly interested in making mistakes and reliving them. However, many self-made millionaires are masters at learning from their successes and failures. That is the only way to analyze what went right, and what didn’t work out for the business.
So, keep making new mistakes, but find reasons for their failures and ensure that you do not repeat them. That’s the key to success and gaining incredible experiences in the journey called LIFE.
Prepare yourself to counter the challenges that you might encounter on your entrepreneurial journey with our online business courses for entrepreneurs. You can take ‘Entrepreneurship Course’ and take the first step towards achieving your dreams.
