Calling All Student Entrepreneurs: Tell Us About Your Startup

Rock with it, roll with it: The art and science of starting from Rasmi Bansal's "Stay Hungry Stay Foolish

|
Oct 27, 2012

Book Cover

You don’t need any capital to start, you can start with zero capital. If you have capital, great. If you don’t, it does not mean you cannot start.

Earlier of last week I’ve posted advices for young entrepreneurs from the book Stay Hungry, Stay Foolish by Rasmi Bansal. Stay Hungry Stay Foolish is a treasure trove of knowledge and inspiration for start-up entrepreneurs. Every line of the book tells story that you can’t ignore. I often revisit pages of the book in search of further jewels or when I feel kind of stumbled. The book is a remix of experiences of 25 IIM graduates who chose the rough road of entrepreneurship. The best part of the book is its diversity and intensity of spirit. Bansal, herself, did a magnificent work and each interview in the book tells the story in-details with a tone of unwavering insight.

One of most interesting interviews of the book came from Shantanu Prakash of Educomp. Shantanu who himself was a middle class upbringing started business while he was a BCom student. His entrepreneurial pursuit continued after MBA from IIM Ahmadabad. Later on he founded Educomp which is the leading digital content provider to school across India.

The risk-reward equation is completely in favor of entrepreneurs. There is no way that you’ll be economically rewarded lesser for being an entrepreneur than by taking a job.

If a 24 year old entrepreneur came to me, I would say choose anything that you want, that interest you, the internal passion you have.

How to choose what to do? I came from a background where I did my Bachelor in Commerce from SRCC and them my MBA- no ‘skills’ right? So, I could have chosen any domain, but you have to keep some of those key principles in mind- ‘Is the opportunity big enough, are you able to make a contribution and fundamentally change something that generate value?

It’s all about being an eternal, insane optimist. I never had the dilemma: am I doing the right thing? Should I just shut this down and go take up a job? Never!!

Two questions you must ask before starting:

Is the business inherently scalable?

Is the market opportunity large enough?


Register to read this article in full and more insight articles!

By registering, you will be signed-up for an account which gives you access to our premium stories published a few times a week and archives of all our premium stories. You will also receive a daily newsletter sent to your inbox. To unsubscribe, please visit the profile section in your account. We have a strong privacy policy. We will never share or sell your data to anyone.

What you get
In-depth actionable analysis

In-depth analysis on startup, business and technology scene in Bangladesh that you would not find anywhere else.
Daily and weekly newsletter
Get our daily and weekly newsletter with our most important stories directly to your inbox.
Join the conversion on this article and more on our public Telegram Group
Ruhul Kader is a technology and business analyst based in Dhaka, Bangladesh. He is also the co-founder and CEO of Future Startup and author of Rethinking Failure: A short guide to living an entrepreneurial life. He writes about internet business, strategy, technology, technology policy, and society. He can be reached at ruhul@futurestartup.com

In-depth business & tech coverage from Dhaka

Stories exclusively available at FS

About FS

Contact Us

Shares