Startups

The Best Bet: Take Risks And Startup!

Every 2 out 5 undergrads/grads aspires to be a part of a startups. What is so exciting about these startups?

I read an article where there were some options other than the ‘MBA’. This world has always been a trend-follower, and now the trend of doing an MBA is somewhat coming to an end. Well, talking about the article, the first thing on the list was – can anybody guess? Yes, it was start-ups.

The average founder salary of a successful startup is less than $63,000 per year. Who may not like to live the life of Jordan Belfort of The Wolf of Wall Street ? Well, you have to mind your own pretty business for getting there. Let’s have an insight of the person behind OYO Rooms- Mr. Ritesh Aggarwal.

Success has always been in the pockets of those who have worked diligently for it. Ritesh is the founder of the big hotel giants- OYO Rooms. He was a college dropout who once aspired for sitting in engineering exams. He even sold sim cards to survive, which was eventually his one of the first business model. When he was in Kota, preparing for his IIT entrances, Ritesh used to roll every weekend to Delhi and meet those doing their own thing. This 17 year old guy started his entrepreneurial journey when he was just 17 years old. He was dropped out of college from where he established his first start-up Oravel Stays Pvt. Ltd. In the year 2012.  Then he travelled for months staying at budget hotels, attended customer calls every day and tried to put himself in every possible situation to learn about hotel customers and their expectations. That was the learning which made him transform Oravel to OYO.

According to stats presented out by CB Insights for The New York Times, OYO Rooms is among the companies that may be next iconic venture. Ritesh Agarwal was selected for the “20 under 20” Thiel Fellowship in 2013. The Thiel Fellowship is a two-year program wherein fellows receive $100,000 and mentorship from the foundation’s network of tech entrepreneurs, investors and scientists. Ritesh was also featured in the FORBES ’30 under 30’ list.

Many of us might have heard atleast about TVF- The Viral Fever Network. They released a series of five episodes called ‘TVF Pitchers’ which was a sensational work form them. The series was all about start-ups, how some college grads get their journey to establish their own start-up. There was a speech from Naveen Bansal, the CEO in the series where he explains why he chose to be an entrepreneur.

One of his inspiring dialogues- “If you keep on hitting the switches in a dark room, boss, one switch will definitely light up your room”.

It’s always the crazy ones, the roundpegs in the square holes, who revolutionize this world. It’s better to fail 10 times and stand than to succeed for the first time and fall. We all are swimming in the sea of unknown, and all of us are looking for the magical island. One might get stucked up in a whirlpool or face various other odds, but your will power will surely get you through it. Choose the path less trodden, meet new people, take every problem as a challenge, and the most important of all, believe in yourself. One day will surely come when you will meet success at the most unexpected hours. Everything needs time to nurture.

A short story famous in East China will definitely serve the purpose. ‘Once there was a small café which was very famous for its noodles. The owner used to say that he used to use a special ingredient which made the noodles appetizing. His son once asked about the special ingredient. His father smiled, and said there was no special ingredient. He wanted all his customers to believe that there was a special ingredient which made it much tasty.”

Necessity is the mother of invention” is a well said proverb. Ritesh just tried to find a solution to his problem, which led him to the need of budget rooms. Well you just need not always be always a shot in the dark, or you should not belong to the Elon Musk’s family line. Sometimes, you just need to believe in yourself cause’  “The future belongs to those who believe in it”.

 

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