it is in the incubator that the entrepreneur learns how to see the bigger picture. it is here that he learns that there are other stories too, besides his own. and it becomes the responsibilty of the mentor to make him acquire this sense of perspective.
entrepreneurs are notoriously here-and-the-now people. rarely do they ponder over future ramifications. if a solution can mitigate a particular problem today, go for it, tomorrow will take care of itself!! this is the most common mind-set.
time and again i come across entrepreneurs who are in a hurry to distribute equity to employees because the way they see it, there is no imminent cash flow by way of payroll!! i'm always appalled by this short-sighted approach and shudder every time an entrepreneur comes to me with this proposal.
like i said a mentor is not just must have but can't not have.
Nandini is a traveling teacher who teaches entrepreneurship in several ivy-league business schools around the world including Princeton, LSE and NUS overseas and in India in IIM–A, IIM–B, IIM–L and ISB. From being just a word in the dictionary six years ago, it has now consumed her whole being.
In July 2010, she founded CARMa (Creating Access to Resources & Markets), (www.carmaconnect.in) with a lofty ambition: to change the karma of entrepreneurs in India.
She writes a regular monthly column for the magazine, Entrepreneur. It delights her no end that it is from smaller towns that aspiring and practicing entrepreneurs reach out to her after reading it.
She is a TED speaker.
Her best-selling book Entrepedia – a Step-by-Step Guide to Becoming an Entrepreneur in India, has touched the lives of many a start-up entrepreneur in India as evidenced by the no.of mails she receives every month. She cherishes them all but her favourite is from a 77-year old retired business man, who wrote to her saying ‘I’m angry with you that you didn’t write this book 40 years ago when I started my business.