This post is related to my life. It’s a kind of experience I have gained in last few years.
Never trust anyone, not even your best friend
This one’s hard to digest but is a bitter truth about life. Money can make anybody crazy like a coo-koo If you are starting a business in a partnership then do remember to agree everything on papers not on words. It’s doesn’t take much time to make people crazy
Never start without money
Everyone talks about this, you must have read it over Internet. This one specifically applies for those who are not fully enthusiastic about their businesses. Everyone thinks that they are, but think again!
Never open your cards unless required
Never share what you have in your mind related to your business, You never know who may steal your idea. There’s a saying that says
anyone can copy your idea, but no one can copy your execution
This is true but only if you have launched your product. Don’t share it if you have not started developing it.
Get a MBA if it’s required
There are a lot of debates happening all the time on this. Not every body requires a MBA. Some are born leaders and some have support in many other ways. I would suggest if you are require MBA then go for it. It’s only two years that will be wasted on studies and it’s better to waste them on studies then rather repenting your whole life.
Few Examples of those whom I think should get an MBA
- A Person from a non business background or family
- A person who have less money and want to start a traditional business
- A person from a pure technical background without managerial experience
- A person who lacks managerial skills
These are some thing that I have learnt, hope will help you guys.