5 Life lessons to learn from Mukesh Ambani
Mukesh Ambani, the richest man in the country, can teach a lesson or two to our budding entrepreneurs in the country. But since he is busy raking in the moolah, BI India does it for you. Here are some five lessons that every entrepreneur can learn from this ‘Çhairman’.
The man inherited his father and India’s iconic business leader
Do more, talk less
The quote by Israelmore Ayivor is apt for
Depend on no one
A feudal style of management is not the mantra today. And Mukesh Ambani realised it even before feudalism was out of the system. Ambani in an interview had said that he did not want “people carrying their wisdom in notebooks as if it some kind of secretive operations”. While he has a trusted team of a few people, who have played a pivotal role in the growth of his empire , Ambani has always emphasized on the importance of being involved in one’s own business. Well, no wonder he has managed to create an empire, which had a net worth of Rs. 176,766 crore in 2012-13.
Don’t panic, stay strong
Mukesh Ambani joined his father’s business at a very young age. And while he was still in the process of learning the nuances of the business, he lost his uncle and his father’s business partner Rasikbhai in 1986, followed by Dhirubhai Ambani’s stroke withinin five months of his uncle’s death. Ambani then had take his father’s place and steered the company forward at a time when India was still a land of Licence Raj.
Mukesh Ambani keeps his eyes wide open when it comes to hunting for new ventures. During the announcement of Reliance Jio initiative, Ambani had clearly said, “Today I see a billion people as a billion potential consumers, an opportunity to generate value for them and to make a return for myself”. He doesn’t mince words when he says he means business. With start-ups mushrooming in the country, Ambani has now turned his eye at it and will soon be seen mentoring technology start-ups that spawn billion-dollar businesses in the country.