7 Things Every Entrepreneur Must Learn From Kishore Biyani, Founder of Pantaloons, Big Bazaar and Central

kishore biyani, Founder of Big Bazaar, Pantaloon, CentralOne of the most versatile entrepreneurs Kishore Biyani understood the hidden opportunities in booming Indian consumer-market and transformed the retailing business in India.

His autobiography “It Happened in India” explains how an entrepreneur wrote his own success story based on the Indian consumers and Indian way of business.

Today Kishore Biyani is the 55th richest Indian as per Forbes with total worth of US$ 2.75 Billions in 2017.
What glorifies his story is that he is absolutely a self-made billionaire!

Here are the 10 things every entrepreneur must learn from Kishore Biyani.

1. Search for excellence, not perfection

We live in an imperfect world. Problems begin when we look for perfection everywhere. We should take pleasure in who we are and do what makes us happy.

If you have to start something, put your entire efforts in planning. Instead of seeking perfection in planning by wasting more time, you should focus on executing the plan and then make the necessary changes as per the feedback or experience.

2. Think big

Sometimes, we a nation of billion people, think like a nation of million people- Dr A P J Abdul Kalam, Former President of India

We underestimate how many people are going to fly and that’s why our airports get jammed. We underestimate how many people will speak on phones and therefore our cell phone networks are congested. The roads were built keeping in mind that only a small elite will be driving cars and hence the traffic becomes slower.

While thinking we need to keep the scope and depth of aspirational India, this is “Thinking Big”.

3. Failure is giving up.

Absolute failure happens when one stops trying to do new things; it is about lack of believe in one’s own ideas and aspirations; and it’s about giving up.

You can’t fail if you never give up and keep doing new things with a firm self-believe (here is 1 rule that will never let you fail again) .

4. Believe in people

The first step in building trust is to have an optimistic approach and to believe in people. The only way one can make a man trustworthy is by trusting him. Trust in a person makes him go an extra mile to help you in the times of your need.

It is not that you will never be betrayed by people, but the benefits you get by trusting in people is much more than the occasional setbacks.

5. Never fear making mistakes

Mistakes are integral to the growth process. A manager always fears making a mistake and that is where he differs from an entrepreneur.

You should not be afraid of making a mistake and if you have made one, get out of it fast.

6. Make quick decisions

You should not get stuck at taking a decision. However big or small, good or bad, if a decision is to be taken, it should be taken.

This will save much of your time in over-thinking. The opportunity that knocks at one’s door doesn’t remain there forever (here are the 10 habits of highly successful people) .

7. Customer is always right

Any product, any format, any strategy that the customers disapproved of should be changed or closed down.
Trying to justify your product and proving the customers wrong will pay nothing.

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