Success is not for part-timers; it requires commitment 365 days a year.
Tej Kohli is a global entrepreneur with a strong view on the vital ingredients for success. At the root of his success, is thebelief that without a great idea, you cannot build a world-class business; and without a great management team and access to capital, a great idea can’t achieve its full potential.
Set out below are Tej Kohli’s top tips for success
Failing to focus on the detail can cost you a fortune – whether a comma in the wrong place which changes the meaning of a legal agreement, failing to protect your IP properly, or permitting unnecessary waste which, over the years can cost your business a fortune… having an obsession for detail is the difference.
You can only be the very best if everything you do is to the very best of your ability – anything less and you cannot expect to be a champion.
Very few people are experts at everything! The trick is to surround yourself with the very best people and talent, listen to their advice and take it. By harnessing the experience and expertise of specialists you can hone your great idea into a global disruptor in its field.
Young people look at challenges in a different way; they approach them without the baggage of legacy hurdles but with a practical vision of the way traditional practices can be revolutionised.
If you just want to write a cheque, play the stock markets or invest in products. Investing in early stage businesses is about investing time and experience not just money; it is the best way to make a lot of money and the easiest way to lose the lot if you don’t want to immerse yourself in attainment of the investee company’s true potential.
Niche ideas are for people with limited horizons – today a business has to have the potential to operate on a much bigger scale and appeal to the widest possible target audience.
Entrepreneurs have the benefit of flexibility – by keeping your mind, eyes and ears open to new possibilities you have the potential to achieve even greater success.
Usually the greatest asset a business has is its people – nurture this talent and ensure that they understand and share your vision and take them on the journey with you.
Never forget to give back – support those less fortunate than yourself with your time, and target support so that it helps alleviate the source of their problems.
You can’t switch on or off – there is a big difference between wanting a job and wanting a career. Success is definitely not for part-timers; you have to live and breathe your business and be focused on the detail.
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