10-Secrets of Successful

Manager/Entrepreneur

Bhagaban Das
 Dhirubhai Ambani
Built India's largest
Pvt. Sector company

Created equity cult in

Indian capital market

Rewrote Indian
corporate history
 Dhirubhai Ambani
Born in 1932, in Gujarat. Son of a school
teacher.
Started his entrepreneurial career by selling
"bhajias" to pilgrims over the weekends.
After matriculation at the age of 16, moved
to Yemen.
Worked there as a gas-station attendant, and
as a clerk in an oil company.
He returned to India in 1958 with Rs 50,000
and set up a textile trading company.
 Dhirubhai Ambani
Assisted by his two sons, Mukesh and Anil,
Dhiru Bhai built India's largest private sector
company, Reliance India Limited, from a
scratch.
Over time his business diversified into
Petrochemicals , Telecommunications, IT,
Energy, Power, Retail, Textiles, Infrastructure
Services, Capital Markets, & Logistics
 Dhirubhai Ambani
Credited with shaping India's equity culture,
attracting millions of retail investors in a
market till then dominated by financial
institutions.
In 1992, Reliance became the first Indian
company to raise money in global markets
He was named the Indian Entrepreneur of the
20th Century by the FICCI.
The Times of India in 2000 voted him
"Greatest creator of wealth in the century”
 Ramalinga Raju
Satyam witnessed a sharp decline in
December 2008, following a failed
acquisition attempt involving Maytas,
a company owned by Raju's family.
In January 2009, Raju resigned as the
Chairman of Satyam after he admitted
to major financial wrong-doings.
 Ramalinga Raju
Born: 1954 in a family of
farmers

B. Com from Vijayawada and

MBA from USA.

After returning to India in

1977, he moved away from
the traditional agriculture
business and set up a
spinning and weaving mill
named Sri Satyam.
 Ramalinga Raju
Shifted to the real estate business and
started a construction company called
Satyam Constructions.
In 1987, Raju founded Satyam Computer
Services along with one of his brothers-in-
law, DVS Raju. The company went public in
1992.
With the launch of Satyam Infoway (Sify)
Satyam became one of the first to enter
Indian internet service market.
 Ramalinga Raju
Won several awards and honors:
– Ernst & Young Entrepreneur 1999,
– Dataquest IT Man in 2000,
– CNBC's Asian Business Leader
– Corporate Citizen of the Year 2002
 10 Secrets to be Successful
Running a one-person business is
– a creative, flexible and challenging
way to become your own boss and
chart your own future.
It is about creating a life.
It takes courage, determination and
foresight to decide to
become an entrepreneur.
 1. Dream Big
 Have Big Dreams for yourself :
to be somebody rich, famous or fulfilled.

WHAT IS A DREAM?
Dreams are those which you don't see in
sleep
Dreams are those which don't allow you
to sleep
 1. Dream Big
Management Gurus have taught us the power of
visualization - seeing yourself in your mind :

– If you want to be a successful writer, envision yourself

signing books for a throng of people who have lined up
to have your autograph.

– If you want to be rich, picture yourself in luxurious

surroundings holding a fat bank account.
You need to think that you are successful every single
waking hour.
 2. Be Passionate
Success comes easily if you love what
you do. Why?
– If you hate your job right now, do you think you will ever
be successful at it? Not in a million years!
– You even become competent at the tasks, but you will
never be a great success at it.
You will achieve peak performance and
succeed only if you are doing something
that interests you or something that you
care about.
 2. Be Passionate
Entrepreneurs who succeed do not mind the
fact that they are putting in 15 or 18 hours a
day to their business because they absolutely
love what they do.
Success in business is all about patience and
hard work, which can only be attained if you
are passionate and crazy with your tasks and
activities
 3. Focus on your Strengths
Each of us has our own strengths and weaknesses.
To be effective, you need to identify your strengths and
concentrate on it. You will become more successful if you
are able to channel your efforts to areas that you do best. In
business,
for example, if you know you have good marketing instincts,
then harness this strength and make full use of it.
Seek assistance in areas that you may be poor at, such as
accounting or bookkeeping.
To transform your weakness to strength, consider taking
hands-on learning or formal training.
 4. Never Consider the Failure

You should have a strong faith in your idea, your

capabilities and yourself.
The more you can develop faith in your ability to achieve
your goals, the more rapidly you can attain it.
However, your confidence should be balanced with
calculated risks that you need to take to achieve greater
rewards.
Successful entrepreneurs are those who analyze and
minimize risk in the pursuit of profit. As they always say, "no
guts, no glory."
 5. Plan, Plan, & Plan
You have a vision, and you have enough faith in yourself to believe
that you can achieve your vision. But do you know how to get to your
vision?
To achieve your vision, you need to have concrete goals that will
provide the stepping-stone towards your ultimate vision.
Put your goals in writing; not doing so just makes them as intangible
fantasies.

You need to plan each day in such a way that your every
action contributes to the attainment of your vision.
 6. Look for Ways to Network
Maybe the lady you met in a trade association
meeting can help you secure funding, or
the gentleman at a conference can provide you with
management advise.
It is important to form alliances with people who can
help you, and whom you can help in return. To
succeed in business, you need to possess good
networking
 7. Work hard
You work eight hours per day for survival;
everything over eight hours per day is for
success."
Be prepared to say goodbye to after-office
drinks every day, or a regular weekend get-
away trip.
 8. Willingness to Learn
You do not need to be a MBA degree holder or PhD
graduate to succeed in your own business.
In fact, there are a lot of entrepreneurs who did not
even finish secondary education. Studies show that
most self-made millionaires have average
intelligence.
Nonetheless, these people reached their full
potentials achieved their financial and personal
goals in business because they are willing to learn.
9. Persevere and have Faith
Road to success is NOT easy.
Despite your good intentions and hard work,
Sometimes you will fail.
Some successful entrepreneurs suffered setbacks
and resounding defeats, even bankruptcy, yet
managed to quickly stand up to make it big in their
fields.
Remember, if you persevere, nothing can stop you.
 10. Discipline & internal
Motivation
Self-discipline is the key to success.
The strength of will to force yourself to pay the
price of success - doing what others don't like
to do, going the extra mile, fighting and
winning the lonely battle with yourself.
 THANKS
Bhagaban Das
FAKIR MOHAN UNIVERSITY