Leadership Tips for SMEs & Startups

It was an honor to be invited as a guest speaker for the ‘Everything About Entrepreneurship’ program launched by Dr. Vivek Bindra’s company ‘Bada Business’.

The program aims to train entrepreneurs and startups in how to take their businesses to the next level.  A wide range of topics were covered by various other established businessmen, such as sales, marketing, finance, HR, technology, legal, product & services etc. 

Organized at the Talkatora Stadium in Delhi on June 27-29, I had the pleasure of addressing over 3,000 participants, mostly young and upcoming entrepreneurs eager to learn from industry leaders.

Sharing My Learning with Young Entrepreneurs

A few aspects I touched upon in my speech were the criticality of incorporating technology and leveraging digitalization in businesses – right from conception. As entrepreneurs, we must realize that the older ways of doing business would simply not be sustainable. So, be prepared to invest liberally in technology and digital platforms of doing business. At the same time, we must endeavor to continually improve our systems and processes.

Secondly, startups usually have a hard time in accepting (and paying) the various taxes the government levies. Remember, it is only when your business is compliant with the various laws of the land that people are going to respect you as an entrepreneur. Investors are bound to have a positive view and would be ready to invest in your venture as they come to trust your initiatives and business practices.

And from a personal perspective, always remember your roots and ethics. Remain humble, approachable and empathetic in your dealings with various stakeholders, including your employees. Moreover, I feel the time has come when we should view our employees not as ‘human resources’, but rather as ‘human capital’ – For they are the ones in the trenches handling your day-to-day business activities and are the face of your company.

Lastly, remember that entrepreneurship is a ‘journey’ and there are no short-cuts to success, which is bound to follow if you are persistent yet, dynamic to the ever-evolving business scenarios.

I wish all participants a very bright future and success in their various business ventures, and thank Dr. Bindra for giving me the opportunity to share my learning with such an enthusiastic audience.

Significance of Technology in Business
Importance of Business compliance

2 Comments

  1. My name is Shubham saw.I am persuing computer science engineering from National institute of science and technology.i am doing startup collaboration with Indian railways.i have made an app which will connect passengers and porters through digital medium.app name is -CLA available on playstore.i have got permission from Khurda DRM office but soon i am going to launch in all India level.so I want your help and guidance in further proceedings of my startup .so please sir provide me your contact details and phone number so that I can explain about it properly

    Thanking you
    Shubham saw
    7908069123

     
  2. shantanu dixit

    sir my name is shantanu dixit frome indore sir aap ne vivek sir ke seminar me 5cr ka investment annouce kiya tha sir me health care equipment me work kiya hai family business me but sir me kuch next level krna cahta hu then me aap ko asurence deta hu ki aap mujhe ek chance dijiye apna idea dene ka

     

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