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Insightful Letter 10
August 20, 2020
Why enterpreneurship is essential for your as well as country's growth?

Hi ,

I hope you are doing fine.

These days I am trying to be somewhat active on twitter.

It's a useful microblogging site and one can hone their writing skill there.

If you are on Twitter, find me on https://twitter.com/joy_joyexcel

Let's connect. (My twitter user name is @joy_joyexcel).


 The Idea      


What is the first word that comes to your mind after hearing entrepreneurship?


Maybe start-up, business, solving problems, money, etc.


I feel entrepreneurship is not a badge that owns by somebody who starts a business of their own.

It's a thinking process, a mindset. 

Everybody who can think like an entrepreneur is an entrepreneur.


That means you can be an employee for an organization, you can work for somebody else but you can still be an entrepreneur.


Human beings have an innate desire to be in control of their work. We want things to be in our control as much as possible.


Daniel Gilbert, a psychologist at Harvard University said-

"human beings come into the world with a passion for control, they go out of the world the same way"


This explains why people who pursue entrepreneurship or an employee who thinks like an entrepreneur are usually happier in the long term.



From a country's perspective also, the entrepreneurial mindset is crucial.

People's standard of living can increase only when new and better products come to the market that can make people's live somewhat easy.

The product can as little as a piece of article that is valuable and useful to people.

If you can create something of your own without anyone pushing you from behind, you are an entrepreneur.



If you want to know where will be India's economy in the next 10 years, just see in which state India's entrepreneurship culture is.

If it is rising then the country will progress.

I can give you a real-life example.


Why do you think America is a giant superpower today?

Because it was built to be a superpower.


And who built America?

No, Christopher Columbus just discovered America.

People like Andrew Carnegie, John D. Rockefeller, Cornelius Vanderbilt, Henry Ford, J. P. Morgan, Thomas Alva Edison, etc. built America.

Without these people's contributions, America would never become a massive superpower.


Today an employee should ask himself a question.

Am I working for a company or with a company?


If you are working for a company (or organization), you can't think like an entrepreneur. 

Then you work just to get your salary.


But if you work with a company, you can call yourself an entrepreneur. You are capable of independent thinking. You own your work.

I am sure, most companies today want employees who can work with them, not for them.


As Reid Hoffman beautifully said-


"All humans are entrepreneurs not because they should start companies but because the will to create is encoded in human DNA, and creation is the essence of entrepreneurship"

Book/article recommendation

 

Zero to One by Peter Thiel

I am sure you have heard about this book (or perhaps already read it). If you haven't read yet then you must read this one. 

In this book, you will know some concepts like why biggest leaps in progress are vertical? Why monopoly in business is not bad and why vision is essential for a successful business.

Trust me even if you have no plan to start any business, you will find this book insightful.


One video suggestion


Watch the amazing documentary of 'The men who built America' as I said before. I am posting here the trailer. You can watch all the episodes on Youtube.


One quote

"Do not focus on numbers. Focus on doing what you do best. It’s about building a community who want to visit your site every day because you create value and offer expertise."


                                                                                              - Cassey Ho 
                                                                    Founder of blogliates.com

                                                                              

This week I have shared my 7 most useful websites on the internet for personal growth. If you haven't read yet, check it out. You might find some great websites.

Aug 16 , 2020
7 Most Worthwhile Websites for Personal Growth


Read the full article


If you have anything to say or ask, just reply to this mail. I will respond.


Until next week,

           Joy

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Jayabrata Das

IIT Bombay, Powai, Mumbai
India

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