First rule of first principle thinking, do not use first principle thinking when a mental model is available

Highly effective entrepreneurs

This is what Stephen Covey says are the traits of highly effective entrepreneurs. One, They are continually learning and growing Two, they are service oriented. Three, they radiate positive energy. Four, they believe in other people Five, they lead balanced lives Six, they see life as an adventure. Seven , they are synergistic and finally they find ways to renew themselves.

The Deferred Life Plan

Rajesh’s post on this topic of Entreprenuers ( TECH TALK: An Entrepreneur’s Early Days (Part 2) ) is something that I really love. He quotes from Randy Komisar’s book “The Monk and the Riddle” in today’s post. “The Deferred Life Plan” For the promise of full coverage under the plan, you must divide your life into two distinct paths: Step one: Do what you have to do. Then, eventually Step two Do what you want to do. I had this oppurtunity to attend a talk delivered by Randy in Hyderabad when he was in India some time back. It was organized by Hyderabad chapter of TiE. Well this one thing that he said really struck me. “Entreprenuership is a social instiution which is like a magnet. It pulls towards itself the best of resources and the best of people around it.”


Life is like a book and they are made of many chapters. Well these days I am trying to define the broad frames to chart/write out the ‘ChapterNext’ of my life. This chapter would be later indexed as ‘Chapter 8’ Chapter 1 {Class(1-4) [1981 – 1990]} Chapter 2 {Class(5-9) [1990 – 1995]} Chapter 3 {Class(10-12) [1995 – 1999]} Chapter 4 {1st yr @ college [1999 – 2000]} Chapter 5 {2nd yr @ college [2000 – 2001]} Chapter 6 {3rd yr @ college [2001 – 2002]} Chapter 7 {4th yr @ college [2002 – 2003]} now it is ‘ChapterNexT’

Right Attitude

Read this article on ET today titled ‘Mind over Matter’ .The article starts with something like ” ‘Attitude beats ability hands down when it comes to parameters that determines an individual’s success.’ Some survey reports that success depends on 85% attitude and only 15% ability. Self reading and and experience is the way to acquire the ‘right attitude’. says R. Gopalakrishnan”

The article goes on further saying ” Experience is a crucible. It doesn’t matter how you fell into it, but it matters how you came out of it.”, reiterating proverbial adage – success lies in doing, not in getting . But you need to manage yourself before you can “do”, something in life. Some tips on these would be

Manage your body
Nurture it and respect it, because you can’t rely on a spare one in case of irreplaceable damage. Secondly it pays to inculcate healthy thoughts. Your mind is like a garden and you need to tend it to prevent weeds from growing

Manage your time
The lack of it seems to be a congenial disability among several senior executives.

Mange your conscience
Matters of morality and ethics cannot be segregated into black or white.

Once you learn to listen to your conscience, it will automatically trigger a desire to manage happiness. But this as well is possibly only if you realize that happiness is a state of mind and your constant companion and not a destination.

‘Experience is not what happens to a man, but what a man does to what happens to him’ says Mr. Gopalakrishnan. ”

Well this article reiterates and reinforces my notion that having a right attitude is the single most important key to success. I heard this somewhere quite long time back.

“It is your attitude rather than your aptitude that takes you to a higher altitude.”

I constantly look out for opportunities to go through good experience that shape me into having the ‘Right attitude’.

Infact attitude compatability tha I call is something that I look out for when making new friends.

My answers to questions on ‘An Entrepreneur’s Early Days’

This post by Rajesh on ‘ An Entrepreneur’s Early Days’ is like pearls of wisdom about entrepreneurship from someone who is been an entrepreneur already and experienced failures and successes. He raises some interesting questions related to various aspects about wanting to be an entrepreneur.. Some of my personal answer to these are: Ofcourse I am definitely going to that leap soon. Being an entrepreneur is definitely a risk. An entrepreneur is a calculated risk taker, a risk reducer rather. I would not take the risk of not taking any risk at all. “Where will the capital come from ?” I will think about it a little later. 🙂 “What if one fails ?” I am ready to face the situation if failure fails to elude me. I did not get to enjoy the pleasure of riding a bicycle before I fell down umpteen number of times. “Do I have capability to become an entrepreneur ?” I believe that I am destined to become an entrepreneur and if it is so then I should be capable of becoming one. Steve N Tyler sings in one of his songs ‘Life’s journey, just a journey not a destination’. I believe that is very much true and I want to go on that junket.

Rajesh Jain

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