“I want to become as rich as Tata/Birla” If you said this in the 90s, you would have served a wonderful object of pleasantry. Limited resources, opportunities and paralysed mindset always thwarted ambitious journeys young minds could have embarked upon! Today, anyone who makes the same statement and precisely works for it is respected. Difficult it was, but this change finally happened. In 68 years! After bearing great upheavals like license raj, weak economy, paralysis of mind and corrupt governance, it’s heart wrenching to see Start Up culture finally building on firms roots in one of the biggest economies across the globe – India.
Culmination of PM Modi’s recent visit to Silicon Valley brought yet another big smile on aspiring entrepreneurs. Qualcomm has pledged a whopping $150 million funding project in Indian tech and Internet-Of-Things (IoE) start-ups. The total funding recorded for Indian Start-Ups in the first half of this year was $3.5 BILLION! These funds will prove a great asset in nurturing many budding start-ups like PLANezy, Housing.com, Shortfundly.com etc. The perfect ambience created by courageous youth and supporting firms and government, this culture is teaching us most important of lessons. It’s inviting us to take risks; for without risks, there lies no survival and the lesson to try and fail but never give up.
This culture though welcomed with open arms, still meets many piercing eyes. They too, have a variety of reasons to pitch in and most of them are true to the core. The underlying reason for this disapproval is the extremely low success rate of start-ups. Around 90% start-ups fail. All the sweat and blood goes to waste and life becomes miserable. All the time and people spent for just one idea go in vain and there are high chances of all this leading to chronic depression. The uncertainties imparts one with bouts of self-doubt and the indifference of the society serves the nail in the coffin. The futures of many seem to meet the grey end. This aspect portrays this culture in the darkest ink it could have had.
Despite all these truths, the fact that those 10% who succeed create history can aptly be called a driving force to embark on such a topsy-turvy journey with presumably no destination in sight. The figures attributed to this industry holds equal relevance in all fields. 90% people fail at everything. All play sports, most fail to become professional players! Millions write competitive exams, a few thousands qualify. Why should this be then viewed from another eye? The things at stake in launching and running start-ups is huge and that is what makes it more pursuable. To achieve big, small things don’t work. Big Risks have to be taken. Had founders of Flipkart or Snapdeal or Ola cabs heeded to these shortcomings, would they be soaring high in skies of success? The current evaluation of start-ups like Flipkart ($15 billion) is far more than traditional bigshots like Tata Motors (95,000 crores). This is what the tsunami of a successful start-up is capable of!
It is precisely these lucrative advantages both to the individuals and the nation, that despite the dark side, this culture is embraced. And, under the present fore-sighted Modi Government, the wheels of change have started rolling even faster. Even when not successful, start-ups do impart one with enough knowledge and skills to perform phenomenal in any job one would take. What matters at the end of the day is the bearing stress of the spinal cord. That is increased here exponentially! Even in the failure lies, success of some sort. Kudos to such a system!
So, Think Big, Dream Big and Act on it to Achieve Big.
Start Thinking. Start Acting.