Choose a career inspired by your talent
This episode basically concentrates on how an individual
could become an entrepreneur.
During the process of becoming an Entrepreneur, Dr Subhash
Chandra defined few key aspects:
What is Talent?
Repeated pattern of behaviour that an individual displays
for long, sometimes since early childhood is that person’s talent. For example:
If one was a Monitor, Captain, Prefect that needs leadership qualities and
speaking skills, then they could consider becoming politicians.
What are the available broad types of business opportunities?
- Trading: Involves Export, import, purchase from one place and sell it at another place. Usually you don’t add any value to the product.
- Professions or Professional Services or business: Engineering, medicine, CA, Sports as a business. Music composer, dancing
- Service industry: 2 Types: Consumer facing & B2B. Transport, marketing, supply chain industry, IT, TV industry.
- Manufacturing industry: Again 2 subgroups: Consumer facing & other -B2B. Basically manufacturing involves using Raw material or a primitive precursor to result in finished product. Thereby, value addition takes place.
- Core Sector: Research & Development, Satellite Industry, Defence production
Dr. Subhash Chandra gave an example of an individual who
served till he retired in a profession quite different from what he pursued
after retirement. He becomes a renowned poet, which Dr Subhash Chandra believes
is delayed identification of inborn talent. If an attempt was made to analyse pattern,
the individual could have jumped into poetry much earlier.
When questioned whether all individuals get opportunities.,
DR Subhash Chandra said, ‘If the creator has bestowed an unique talent in you,
he would sometime or somewhere provide an opportunity too. It just needs to be
identified’
Question: Whether equity investment can be a business proposition
for out-sized returns?
Answer: Equity investment can be a business proposition
for people who can analyse & are knowledgeable. However, for people who are
ignorant of equity investment, it’s a gamble.
What are the qualities that should be looked for in a potential
partner?
Ans: Partnership should be undertaken only if he brings
value to the table. That could be in terms of opposite or complementary skill
set – Finance, operations, technical talent. More importantly, wavelengths should
match. The chemistry should be like that of the Husband-Wife.
Finally, the step wise suggestion for first time entrepreneur:
The first target or aim of a start-up entrepreneur should be
to check whether, the business that he would begin would be able to make a
living out of it.
Second option to analyse is to see whether any of his near
or distant family members are into business and whether he has any inclination
towards in taking it further. Whether one could add value to the existing
business by way of ones education? Expanding & extending existing
businesses is much easier.
Final option would be to start anew by making an attempt to Recognize
Talent by writing and analysing. He stressed that by writing, one could
organize the thought process, which facilitates thinking & decision making process.
Once you have made a decision, in which you believe, don’t
doubt your decisions frequently. Don’t give up dreams. Eat it, drink it and
sleep over your dreams. Keep looking; sometime the business would take a turn.
Dr Subash Chandra closed the programme with a quote on Life he
likes: Life is a flow of experiences where you are a subject & the rest of
the world is the object. When the
subject reacts with the object, it creates experiences. As long as there are
experiences, life flows, however when experiences stop life becomes extinct.
I thought, the programme was slowing sedate, lacking the
punch. The programme needs energy and personal anecdotal material, instead of
talking in third person. Guest invitee Mr Choksi too failed to enliven the
show, as people are looking for experience as that of Dr Subhash Chandra.
http://www.youtube.com/watch?v=ogDzd7qOKVI 
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