Five Principles For Young Entrepreneurs By Gautam Adani | NDTV Profit
#AdaniGroup Chairman, Gautam Adani recounts opportunities and challenges encountered in his 40-year-long career and lays out five principles for young Indian entrepreneurs based on his experiences.
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00:00 Number 1, all success will come with its challenges and its challengers.
00:14 The greater your success, bigger will you be as a target and the true measure of your
00:24 success will not be in your achievements but in your ability to rise through the adversities
00:37 that will come with your achievements.
00:40 Number 2, we live in a complex world and it is easy to be sold on the theory of simplicity
00:55 while simplicity may be the goal.
01:00 It is the ability to manage complexity that will differentiate you and make you the ones
01:11 that can navigate the deep waters as against those that remain on the shallow shores.
01:25 Number 3, the dynamic model of a fast-growing nation like ours requires a flexible approach
01:37 that is rooted in a local model as against models that often emphasize specializations
01:49 and our core competencies.
01:52 The crux of our strategic differentiations often lies in recognizing the limitation of
02:02 our bookish knowledge and our western-centric models.
02:09 While it is important to source ideas from books and literature, keep in mind that these
02:18 are after all opinions of a brilliant storyteller with a great ability to influence.
02:27 Number 4, resilience often requires the ability to withstand criticism.
02:39 The higher you rise, the more you will need to prepare yourself to handle criticism.
02:49 But instead of allowing it to deter progress, you must be willing to be misunderstood and
02:57 yet stay resilient.
03:00 Therefore, it is about cultivating an inner strength that allows you to remain strong
03:12 in your conviction even in the face of severe opposition.
03:21 Number 5, and the most difficult of all, stay humble.
03:31 Your own success will push back on your humility.
03:40 But humility is the biggest differentiator you can build.
03:48 Humility is not thinking less of yourself.
03:54 It is thinking of yourself a little less.
03:56 [Music]