Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2010-01-11

Do not clip your company to yourself

Let your company to bloom. Do not hold on to it

As an entrepreneur you must have put all your effort, mind and time in your business. While establishing your business, it’s obvious that you get involved with every aspect of your business, starting from the point of conceptualisation, to making the business plan, arranging for funds, and looking for clients etc. It’s but natural that you get a little attached to your business even after handing over various departments to the skilled professionals. But are you becoming possessive about your business?

 

It is not rare to come across entrepreneurs who are possessive about their business. I realised this lately when I met Mr Vijay Shekhar Sharma, who is the MD of One97 Communications, a telecom company worth hundreds of million USD. But this is not his first entrepreneurial venture.

 

Mr Sharma started an Internet company Indiasite.net when he was in the second year of his graduation at the Delhi College of Engineering (DCE). It was not just a student’s venture started for fun in college days but a company funded by a VC in the US. Towards the Internet downturn, Mr Sharma sold off his company, which he had so painstakingly nurtured.

 

Mr Sharma says, “Entrepreneurs take a lot of pain in growing their companies that they become possessive about it. They treat it as their baby and want to keep it shielded and protected. They do not realise that in the process they hamper the growth of their own company. Entrepreneurs should work at making their companies independent of themselves, thereby helping them grow bigger than they had imagined,” says Mr Sharma.

 

Some entrepreneurs are not even willing to have partners because they do not want to share the profit and their company with anybody. “Some people even avoid recruitment because they resist delegating the work to other people as they are apprehensive about their capability to be responsible,” says Sharma.

 

Making your business independent of yourself will also give you time for your personal life, an occasional hang out with friends and playing golf. “Some time off from work will revitalise you and will help give better ideas. By making your company independent of yourself you will share responsibilities, thereby making more and more people interested in your company. This will help your company grow faster,” says Radha Aiyer a faculty member at a business school that teaches entrepreneurship.

 

You do not want your company to be paralysed when you are not around. So do not suffocate it, let it expand!

Related opportunities
  • About The goodness StoreAbout GoodnessThe goodness Store, an initiative of..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • A stalwart in beauty business since 25 years. salon Apple..
    Locations looking for expansion Maharashtra
    Establishment year 1993
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 800 - 1200 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • About: Cha Bar offers this experience at Oxford Bookstores in..
    Locations looking for expansion New Delhi
    Establishment year 2000
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Mobile & Communication/Internet Connections
    About: Cell Phone Repair (CPR), America's Largest chain of Cell Phone..
    Locations looking for expansion New Delhi
    Establishment year 2004
    Franchising Launch Date 2016
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities