From 600+ conversations with the world’s leading thinkers.
Most people think of entrepreneurs as someone who starts a company, but to me? Entrepreneurship is really about problem solving. People can (roughly) be divided into three categories. The first category are people who can tell you all the problems in the world! The second group of people are those who invent, innovate and find solutions to these problems. The third group, entrepreneurs, are those people who don't talk about the problem or solution but go out and solve it.
Unless you learn and grow continuously, you're probably going to end up as one of the 90% who don't make it.
One of the things I'm interested in encouraging people to think about is the whole area of risk. What really is risky?! In many ways I think it's actually much safer to take things into your own hands rather than trusting your destiny to an uncertain jobs market.
Only when I spent a year and a half writing a book, did I realise how long it takes you to do something to get a tangible result. It makes you respect money more when it comes from something you create, rather than just trading back and forth with someone else's cash.
Doing something that has never been done before is terrifying… all the people who love you will tell you not to do it… not because they're jealous, but because they're genuinely scared for you… they're worried for your wellbeing.
On the one hand, Excel's oeuvre comprises of a string of box-office hits like Dil Chahta Hai, Don, Zindagi Na Milegi Dobara, Talaash & Fukrey. Alongside these blockbusters, Excel has also launched avant garde ventures like Gully Boy, India's first hip hop film and the official entry to the Academy Awards this year and Inside Edge, India's first original series on Amazon Prime Video that was nominated for the coveted International Emmy Awards under the Best Drama category in 2018.
Entrepreneurship means the unrelenting belief that there has to be a better way. There has to be a better way of doing things... If it was obvious that things were already being done in a great way that couldn't be improved? There wouldn't be any need for entrepreneurs to step-in and create new ways of doing things that don't rely on the baggage of the past.
There is no magic formula for great company culture. The key is just to treat your staff how you would like to be treated yourself. People are fundamental in driving the success of a business. You should treat your employees like the smart and capable adults they are.
My favourite question when evaluating a startup idea is, 'Is this from the future?' I'm not interested in your ideas about the future; I want to understand why you are living in it today. Why are you living in a different future right now than other people are?
If you look for the next Steve Jobs or Richard Branson in developing economies, however, their businesses rarely make it out of the garage as they are missing three critical factors. They lack financial capital, qualified employees plus the knowledge and access to financial markets.
I'm always searching for that black-swan, what is that project, or who is that artist that feels specials, and feels counter-culture. Who is that artist that feels interesting and has a bold, unapologetic point of view? That's what pulls me in- and you know what, if you find that and put the right strategy around it? You can disrupt culture.
For me, one of the big gaps is youth entrepreneurship. There are a high number of young people who want to set-up businesses, but there is a huge gap between their aspirations/intentions and the actual delivery of setting up a business.