Sumant's First Post
Sumant Mandal - July 05, 2005
What makes an entrepreneur? I am not talking about someone that just creates a business or an organization because they can. I am talking about those people that I am sometimes fortunate to come across that just know that something that is being done can be done better, and are willing to risk all (or close to all) to try to make sure that an inefficiency is reduced from the world.
A great entrepreneur knows that what he or she is doing is the right way, or at least a better way to do something. For these people money is the ‘effect’ in a cause and effect equation.
I probably see 20 to 30 different business ideas go through my desk on a weekly business and meet at least 3 to 4 new companies during the same time frame, but it is very rare – at the risk of repeating myself – very rare – to meet a “real” entrepreneur. But when I do, and I have the luck to recognize that – I will not let them leave without finding a way to hitch myself along for the ride.
I’ve worked on 3 continents, with countless people, and have watched generations of entrepreneurs in my own family. I revel in the rush of watching a real entrepreneur create real value, a value not for the self, but for the selfless and the world.
On this blog, I hope to create a dialogue about real entrepreneurship and hearing about the entrepreneurs in your life.
Sumant Mandal
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Posted by Sumant Mandal at July 5, 2005 04:58 AM
Comments
Sumant,
This is a great start and I hope it would generate tons of interest. From my experience and readings on this subject, I would like to say that a 'true' entrepreneur is an individual who is pre-occupied with imoproving other people's lives.Sh/e is always observing the world and asking the question why are these people doing the way they are doing no matter how mundate the work/task? Who would have thought or cared that floor-sweeping could be made better? And yet a man like Hoover found it fascinating and invented the vacuum cleaner! And I would also point out that the most of the world's successful entrepreneurs have not been all that cerebral. A lot of them lacked good education, advice or connections and yet they went on to become great entrepreneurs. Look at Steve Jobs today. I would say that among other skills , good entrepreneurs posses more passion and times nuttiness and have a one-track mind ,great risk-taking ability and are even prepared to become social disgraces. So, let us welcome ALL entrepreneurs for we never know who will emerge with a billion dollar idea and business!!
Sumant
A true entrepreneur must first love what they are doing. My husband has started several companies/ They consume him.
And I have seen that building solid teams is so important as well.
Looking forward to reading your posts.
Sumant,
I enjoyed reading your first blog and have come back to refer to it more than once. Your message was very validating for me. It has been difficult for people in my life to understand why I take such risks, and as a result I have doubted myself on occasion. I go with my gut on every decision that I make. It doesn't always make sense or pay off in the short term, but will often lead to a new opportunity or experience. I have discovered that my business has been a vehicle for self discovery and growth. Now that four years have passed, I would like to balance that with some financial growth!
I look forward to reading your posts.
Terri Lynn
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Recent Comments
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Terri Lynn commented on Sumant's First Post
Sumant,
I enjoyed reading your first bl
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Shalini commented on Sumant's First Post
Sumant
A true entrepreneur must first lov -
vish commented on Sumant's First Post
Sumant,
This is a great start and I hop
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Sunil commented on Sumant's First Post
Sumant:
I am eager to watch over your b
Sumant:
I am eager to watch over your blog and for you to share what you are seeing from the investment point of view. It is my belief that it is entrepreneurs who will lead us into this new era of globalization and will be the critical pioneers of new thinking on how we create sustainable economies in all parts of the world. I know as an entrepreneu myself that you can no longer think narroly about just your immediate market but have to - from the moment you start your company - be cogniscent of the larger market and how you can serve. Thanks for doing this and providing a great tool.