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’.

Dream big

The man inherited his father and India’s iconic business leader Dhirubhai Ambani’s genes when it comes to dreaming big. In 90s, Ambani, then in his 30s, had dreamt of becoming the largest producer of polyester fibre and yarn in the world and he actually did it. Today, RIL is the largest producer of polyester fibre and yarn in the world, with a capacity of 2.5 million tonnes per annum, beating the traditional producers from South Korea and Taiwan, who had dominated the business since the 70s.

Do more, talk less

The quote by Israelmore Ayivor is apt for Mukesh Ambani. The 59 year old likes to be keep a low profile in the social circle, or so it seems to be with the media at least! He isn’t keen on social dos and neither is he voicing opinions on important economic issues at events such as the World Economic Forum. But still, he is one of the most talked about personalities in the country. Ambani’s focus has always been his business and this entrepreneur is credited for the creation of the world’s largest petroleum refinery at Jamnagar in Gujarat besides other successful ventures. Need we say more?

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.

Being hawk-eyed

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.