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The capital goes wherever the opportunities are.
Naveen Jain
The most frequently asked question I hear first-time entrepreneurs ask is, 'How do I know when to launch my product?' The answer, more often than not, should be: 'Now!'
As an entrepreneur, you only fail when you give up.
When your child comes to you at a young age and declares he or she is passionate about this or that, the natural tendency for many parents, out of love, is to simply support that decision. That's the path of least resistance, but it's not necessarily the best path, in my opinion.
If you are passionate about entrepreneurship like I am, you too can instill this passion in your children.
I've given a lot of talks over the years on the subject of entrepreneurship. The first thing I find I have to do is to dispel the persistent myth that entrepreneurial success is all about innovative thinking and breakthrough ideas.
Our education system was developed for an industrial era where we could teach certain skills to our children and they were able to use these skills for the rest of their lives working productively in an industry.
When you're starting a new business, you don't need to know much about it. A lot of the work is blocking and tackling - it's the same type of stuff no matter what sector you're in.
Sometimes a faint voice based on instinct resonates far more strongly than overpowering logic.
My father was a civil servant in northern India where I was born. As a boy I saw the dire effects of poverty and illiteracy, especially on women and children. It often seemed that the only thing separating me from them was luck.
It's really easy to create a $1 billion company - you just have to solve a $10 billion problem.
To nurture the sort of relationships that will truly help propel you towards accomplishing great things, you need to forget transactional networking and focus on having in-depth conversations with fewer people about subjects you really care about.
An entrepreneur is not a person who starts a company, but he is the person who actually solves a problem.
Because I was poor I had one special advantage. When you are poor, and basic survival is your concern, you have no alternative but to be an entrepreneur. You must take action to survive just as you must take action to seize an opportunity.
Each one of us has the power to be the change we want to see in the world, making the world a better place.
Many of the problems of poverty and need are really problems of physical infrastructure: not enough hospitals, too few schools, insufficient roads, bridges, and a lack of tools. This is what makes traditional philanthropy so daunting. You could build a thousand new hospitals in some parts of the world and barely make a difference.
If we want to impact hundreds - or millions - of people, we have to do things differently. If we look at the problem as an infrastructural problem, we cannot make an impact because it requires a lot of effort. But when we convert this problem into a knowledge problem, suddenly the problem is manageable.
Neuroplasticity research showed that the brain changes its very structure with each different activity it performs, perfecting its circuits so it is better suited to the task at hand.
As fathers, we all have great lessons to teach our children.
You know you've reached true success the day you become truly humble. That's the day you stop needing to prove to the world - and yourself - that you've accomplished something meaningful.
I absolutely believe in the power of innovative entrepreneurship on every level. That's why I am exploring ways to improve our education system by making it as effective as a private tutor and as engaging as video games.
True philanthropy requires a disruptive mindset, innovative thinking and a philosophy driven by entrepreneurial insights and creative opportunities.
My parents didn't believe in luck. They believed in hard work and in preparing me to take advantage of opportunity. Like many parents, they taught me to be generous but never to depend on the generosity of others.
We begin to change the world when we stimulate long-term prosperity using technology. There is not a problem that's large enough that innovation and entrepreneurship can't solve.