Publication: my paper, p A8
Date: 14 April 2009
Headline: 4 tips for budding businessmen
4 tips for budding businessmen
Should they want venture
there is a "high probability of
Indian entrepreneur and author Subruto Bagchi a low-probability event hap- capital, they should seek funds
that can offer constructive adpening".
offers advice at launch of SMU speaker series
His third tip for would-be vice, he said.
entrepreneurs is to recognise
While these funds may questhe distinction between conven- tion the financial prudence of a
the launch of Singapore Manage- tional and "unstated needs" - start-up, this process prepares the
ment University's distinguished goods and services that people entrepreneur to be accountableto
speaker series on innovation want but do not explicitly ask shareholders in the event of an iniand-entrepreneurship.
for.
tial public offering, he said,
He is the author of the book,
Social-networking medium
THE BUSINESS TmES
The High Performance Entre- Twitter is an example of a
response tO "unstated needs", he
F YOU do not love money, PreneurHis
second
tip
for
would-be
said.
don't start a business, an
In the case of Twitter, people
entrepreneur and author entrepreneurs? Think through
your
business
plan
and
include
could
already communicate via
told an audience in Singapore
only
what
you
believe.
Having
e-mail and other Internet platon Sunday.
said that, "no business plan forms, and did not articulate
Mr Subruto Bagchi, co-found- worbm, he
the need for another social-neter of Indian IT-solutions firm
In ~
i
~ case,d only~ the ~ working
~
~medium.
b
MindTree, said entrepreneurs firstand last pages of its
Finally, he urged would-be
can be dtmistic9 but they have business ~ l a nroved accurate.
entrepreneurs to choose the
to recognise and appreciate "the
Part oithe ieason, Mr Bagchi right investor because "there is
regenerative ability of capital".
explained, is that entrepreneurs more capital chasing ideas than
Mr Bagchi was speaking at exist in an environment where the other way round".
-
I
Source: my paper O Singapore Press Holdings Limited. Permission required for reproduction.