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Entrepreneurship is not about getting rich: Sanjeev Bikhchandani

“If you want to be an entrepreneur in order to become wealthy – my suggestion is don’t. There are very few entrepreneurs I know who succeeded without a longish period of financial struggle, belt tightening and personal sacrifice,” Sanjeev Bikhchandani, co-founder and CEO of Info Edge India (Naukri.com), has written in an article published in LiveMint.

“If you want to be an entrepreneur in order to become wealthy – my suggestion is don’t. There are very few entrepreneurs I know who succeeded without a longish period of financial struggle, belt tightening and personal sacrifice,” Sanjeev Bikhchandani, co-founder and CEO of Info Edge India (Naukri.com), has written in an article published in LiveMint.

“I would like to caution those considering doing a start up that the early days of struggle of successful entrepreneurs seem romantic to observers only in hindsight. When you are actually going through it – there is a lot of pain. And for every poster boy success in entrepreneurship there are a hundred who are still struggling. The failure rate is high.

“More often than not success will take longer in coming than you think. There will be times when at the end of the month there will not be enough money to pay the office rent and employee salaries… There will be years on end when you will be financially the worst off person in your batch from business school… So before making the jump ask yourself a question – will I love doing this for the rest of my life even if I am not financially successful?” Sanjeev Bikhchandani adds.

Read the full article here

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