From 600+ conversations with the world’s leading thinkers.
You move faster with replication. There was a time I could finalize an acquisition of a $3 billion company within days, from hearing about it on a Thursday to announcing it publicly on a Sunday. Such speed is a testament to the value of a replicable process.
Read a lot. Never accept current standards. Always improve yourself. And remember, you always meet twice in life.
Unless you learn and grow continuously, you're probably going to end up as one of the 90% who don't make it.
I don't believe there's a universal formula for success—I can only share what worked for me, which was driven by enthusiasm for new ideas. What I value most in people is enthusiasm—not passion, which I find overused—but genuine enthusiasm to see opportunities and act upon them.
I dreamt of Farfetch for the love of fashion. I was absolutely determined to create something in the intersection of both fashion and tech – my two passions.
All forecasts are wrong- all business plans are wrong- but they're very useful for management. It's not just a one-time picture, it's an on-going story. You're looking for lines not dots about how a company proceeds.
If you're aiming to compete for the same clientele as major banks like JP Morgan Chase, you're entering a highly competitive arena with slim profit margins. However, targeting a segment that such banks deem too risky or uninteresting presents a lucrative opportunity. We considered focusing on demographics or small-medium enterprises that were essentially deemed un-fundable by mainstream financial institutions. The idea was to make these groups profitable and easier for any entity, including banks, to underwrite.
We believe that entrepreneurship is indispensable for the emergence of innovative companies that allow for the diversification and renewal of our economy, ensuring sustainable economic growth and the creation of qualified employment.
In India affordability and improving life are also key pillars of entrepreneurship- coming from the circumstances and context of the country; for example, India has 1,000 radiologists for a population of 1.4 billion.
I started my entrepreneurship journey straight out of college, and at the time my goal was simple. I didn't want a real job, and I didn't want to wear a suit…. Anything more than that was a bonus.
I never, ever, thought – even remotely – that I would make this festival my life. It was never seen as something that would run forever – and was something which was very much done 'by the seat of our pants' you know? It was a miracle if we got through, one year at a time….
Making mistakes is necessary- if you don't make mistakes, you can never grow. Every failure is a little lesson in how to be a winner. Failure is an opportunity to learn, to start again, to see problems, and find solutions. Failing may be the reason you win next time!