Sanjeev Chitre author of what not to do in entrepreneurship, After spending a good four years as a successful entrepreneur, Sanjeev Chitre founded UGroup LLC, WISC Partners LLP, and Integrated Process Equipment Corporation (IPEC) (a semi-cap public company). To achieve this, he pulls together an integrated team of industry and growth partners who work together to drive exits, licensing, buyouts, or capital for growth that connects with investors and helps maximize the produced product’s commercial value.
Sanjeev Chitre, Author Of The Book “What Not To Do In Entrepreneurship”
Sanjeev Chitre’s book what not to do in entrepreneurship explains why entrepreneurial initiatives fail and what an entrepreneur should avoid doing to avoid failure. Many individuals believe that entrepreneurship is a high-risk undertaking that must be undertaken at the drop of a hat. An entrepreneur himself, author Sanjeev Chitre aspires to turn the enthusiasm for entrepreneurship and the unpredictability of success into a science of wealth creation. A business school paper is not a technical composition with references, theorems, and detailed charts, as you could find in a business school textbook. The author has purposefully excluded all articles from third-party sources. Everything about real-life experiences, including hard-knock stories in the school of learning, from people who have succeeded or failed in their aim, is more valuable than theory.
Some Tips From The Insights Of The Sanjeev Chitre Book “What Not To Do In Entrepreneurship”
1. Lose Your Focus
When you forget why you entered into business in the first place, you are well on the route to failure. Examples include not caring about your consumers and not solving their complaints and needs from a product or service viewpoint. Always keep your customers’ wishes at the center of the development of your products and services. Continuously make sure that you reach out to your clients and constantly review if you are on the right track.
2. Lack Of Leadership
Organizational leadership involves multiple concepts and ideas, with sales, marketing, operations, and personnel management being the tip of the iceberg. When businesses and executives start making incorrect judgments, it’s often the start of a negative consequence. In 2021, take the opportunity to focus on leadership and creating value.
3. Not Caring About Your Staff
If your staff are not happy, motivated, or engaged, they can’t service your customer base diligently daily. Successful firms work on their inner game and internal structure before they start venturing out to create money and tackle greater ambitions.
4. Not Cooperating With Partners
Consistency is essential to winning the game. Successful leaders recognize that winning is about teamwork. Successful organizations always look for possibilities to work with others. Start by exploring ten collaboration opportunities with possible partners and work on something simple to start with.
5. Build Walls
Successful organizations knock down walls. Never construct walls with your stakeholders. This includes competition, industrial organizations, associations, the media, and any other organization. Be the person that tears down the walls and helps people connect and develop a better industry.
6. Taking No Risk At All
Business risk involves not just monetary risk but also exploring new areas of opportunity, exploring previously unexplored routes. Due to a lack of risk-taking, many sectors today are in decline. Businesses like legal and financial services struggle with technological change and the demise of conventional business models because they refuse to change their ways.
7. Not Setting Standards
Have you ever heard of a car firm that didn’t care about the safety of its vehicles? It’s possible to have an airline that doesn’t adhere to any operational requirements. Some industries cannot operate without adhering to standards, as failing to do so might have disastrous results. Make sure your standards are high. This involves doing your best, expecting the best, and building a culture of quality and acceptable standards throughout your organization.
