Great management lessons every entrepreneur can learn from Ramayana

The epic saga has a few management lessons which every entrepreneur can learn in order to prosper in the field of business.

Ramayana is an epic written by Valmiki which symbolises many things like values, virtues, the triumph of good over evil, etc. However, when viewed in an alternate light, the epic saga also has a few management lessons which every entrepreneur can learn in order to prosper in the field of business:

i. Over commitment is never okay

Dashrath over-committed to his wife Kaikei which led to a lot of problems later and was dangerous later. This can prove to be a great lesson to entrepreneurs as they learn that it is better to promise less and deliver more instead of the opposite as your credibility is at stake here.

ii. Build your team smartly

When Ram had to cross the sea to reach Lanka, it was important for him to build a team that consisted of dedicated and loyal members. Similarly, if one wants to prosper in the professional sphere, it is important to be able to find people who will share your vision in order to succeed as a company.

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iii. Be an able decision maker

Just like Hanuman was burdened with the task of taking a decision when he couldn’t find Sanjeevani on a mountain, every entrepreneur is bombarded with choices and hard decisions that need to be made without consulting anyone. Hanuman decided to carry the whole mountain which might not be the best decision but seemed like the most feasible one to him.

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iv. Making sacrifices

A person has to make many sacrifices in order to succeed in the entrepreneurial field as one has to work long hours and let go of a personal life. Unless you are willing to let go of certain things, you can never make it big. The best lesson of sacrifice you can take from Ramayana is from Sita who sacrificed the comfort of a home and luxuries of a queen to accompany her husband to the forest.

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v. Get rid of the ego

Raavan was an able soldier and a great man in various aspects; however, what led to his downfall was his ego which he couldn’t curb. Similarly, a lot of entrepreneurs fail because their ego comes in the way and overshadows all the good things they have achieved. In order to be a good entrepreneur, put your ego aside and let your work do the talking.

5 things all entrepreneurs could learn from Kim Kardashian

Apart from being a sensation on Instagram, Kim Kardashian is also a very successful entrepreneur who has built a huge empire for herself.

Kim Kardashian is a popular model, actress and reality show star. Apart from being a sensation on Instagram, she is also a very successful entrepreneur who has built a huge empire for herself.

Here are five things every entrepreneur could aspire to learn from Kim Kardashian:

i. She started young

She might have gotten popular only after her hit reality show Keeping Up with the Kardashians but very less people know that she started engaging in business at a really young age. She worked at a drug store before starting her own business on eBay. She claims that her father had always taught them to earn money if they wanted money, so, that’s what she went ahead and did.

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ii. The power of branding

Complain all you want to about Kim K selling lame stuff but that woman does know how to brand all the merchandise she sells. She makes sure her name and face (plus body parts) are there on all her products- lip glosses, tee-shirts, cups, posters etc. Whatever business you choose to look at, you will discover Kim K’s products with her name and stamp on them.

iii. Big on publicity

Not every superstar can claim publicity the way this woman does. She has created an empire out of a sex tape and through her reality show which features her and her family; she has managed to gain publicity across the world. From cutting her hair to taking a holiday, anything she does become international news instantly.

Very few entrepreneurs can actually claim to be able to it but putting themselves out on a public forum.

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iv. Social media marketing

Nobody uses social media platforms as well as Kim Kardashian does. It all started with her sex tape being leaked on the internet but she turned it around to receiving followers and building and engaging with her audience on social media. She understood the power of social media and used it well to converse with her audiences. Currently, a single tweet by Kim Kardashian is estimated to be around $20,000.

v. Continue being in the spotlight

Kim Kardashian is aware of the fact that she is a public figure and treats the media with civility. She graces the paparazzi by posing outside restaurants and public events. By pausing and posing for a minute, she gains a million followers each day.

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6 Lessons every entrepreneur should learn from Mark Zuckerberg

Mark Zuckerberg is the man who revolutionised social media.

Mark Zuckerberg is the man who revolutionised social media.

He is the founder of Facebook which he started out of a dorm room in Harvard and went on to expand his venture in size. Today, Facebook is definitely the most popular and widely used social networking site in the world.

What contributed to the growth of Facebook are Mark Zuckerberg’s extraordinary leadership skills and entrepreneurial capabilities.

Here are six lessons every entrepreneur could learn from Mark Zuckerberg:

1. Believe in your idea

If you don’t have faith in your idea, no one else will. In the early stages of Facebook, Zuckerberg was running it from his own dorm room with his friends. Initially, Estavez, a partner, wanted facebook to garner more money from ads but Zuckerberg outright denied because he wanted it to first gain popularity and then allow publicity stunts on the website.

This contributed greatly to Facebook’s initial success.

2. Own your venture

A lot of companies like Yahoo wanted to buy Facebook and offered great sums of money to Zuckerberg. But he believed that he could make his big idea work by himself and refused to sell it. Soon, as the site gained popularity and Peter Thiel, the founder of PayPal invested $500,000, and the amount was sufficient for immediate Facebook purposes. For further development of Facebook, Zuckerberg needed more investments. Accel Partners invested in Facebook $12.7 million and then Greylock Partners added to this amount $27.5 million.

So, with major investments he managed to own and run his business.

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3. Be ready to give in your everything

He might be one of the most successful entrepreneurs everybody wants to emulate but he has definitely put in a lot of hard work no outsider could fathom. He had his vision set from the beginning and after Facebook started gaining popularity, he decided to drop out of Harvard to devote all his time to the venture as he was aware that he couldn’t make it bigger with limited time in his hands.



4. Aim big

Facebook started as a connection site for only Harvard students. Soon, it expanded to other colleges as well.
The next idea that he developed on would be the one that changed how people networked socially through the internet. In less than a year after it was founded more than 1 million people joined the social network.

Later, Zuckerberg also bought giants like WhatsApp and Instagram to expand his share the social networking world.

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5. Be ruthless

In Harvard, Divya Narendra, and twins Cameron and Tyler Winklevoss asked him to help them to work on an idea for a social networking site they called Harvard Connection. This site was designed to use information from Harvard’s student networks in order to create a dating site for the Harvard elite.

Zuckerberg soon dropped out and started his own venture. He created a site that allowed users to create their own profiles, upload photos, and communicate with other users. Zuckerberg was soon accused of cheating the Winklevoss twins and Narendra’s idea and ConnectU’s secure code. This law suit was settled as the three received a hefty sum of $65 million and Zuckerberg continued with Facebook.

The lesson learnt from this is no matter how hard you might have to fight, never give up on your dreams or venture.

6. Stay focused at the end goal

Even after a million accusations and lawsuits, Zuckerberg was always focused at his end goal- to make a social networking site so huge that the whole world would use it. To accomplish this, he believed he along with his team would be the best persons. So, instead of walking away with the billion dollars offered by Yahoo, Zuckerberg worked relentlessly to make his idea work even though there was always a risk factor involved. Hence, all entrepreneurs could learn to be focused on their targets like Zuckerberg.

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Lessons every entrepreneur can learn from cartoon characters

Certain cartoon characters also impart lessons which can prove to be very helpful to an entrepreneur.

Cartoons aren’t meant just for kids; they end up teaching us valuable morals and life lessons to cherish. Certain cartoon characters also impart lessons which can prove to be very helpful to an entrepreneur. Here are a few cartoon characters that should inspire every entrepreneur:

1. Naruto Uzumaki

The orphaned boy grows up to become one of the most respected and feared ninjas in the world. His journey to success wasn’t an easy one. He experienced hardships and pressures all throughout but not once did the thought of giving up cross his mind. He continued to work hard with unparalleled enthusiasm and finally achieved his goal.

2. Bob the Builder

The leader of pack the pack, Bob, who is a constructor by profession, gives us excellent leadership lessons. At times, when his team is under-confident about completing the task, he motivates them (especially Lofty). He also mingles well with his team and is sensitive towards their needs. However, he means business while working and doesn’t ever compromise on that.

3. Peter Pan

The biggest lesson we can learn from Peter Pan is that how he consulted Tinker Bell, his mentor, every time he was in some problem. Tinker Bell advised him and helped him make decisions which show that no one in the world is a know-it-all and sometimes, people require mentors to guide them.

For instance, Warren Buffet claims to credit his knowledge of investment to his mentor, Benjamin Graham.

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4. Winnie the Pooh

The cute, fat, yellow bear is definitely one of the most adorable cartoon characters ever but through his greed for honey, he teaches us a very important lesson. One needs to control his debts without which they can land in trouble just like Pooh does in terms of honey. It is good to be ambitious, but, being by greedy and not keeping a tab on the increasing debts, one will definitely land up in a mess.



5. Remy (ratatouille)

Remy, who is actually a rat but can cook amazing dishes shows us that even the weakest of us is capable of miracles. By befriending an amateur cook who worked under his guidance and directions, he also taught us to be smart and make quick and calculated decisions which can be beneficial. People might tell you that you are too small to achieve the big dream but always remember with hard work and determination; you’ll get there in no time.

6. Dora the explorer

The tiny explorer always embarks on her journey with a map and a well chalked out plan. She doesn’t start a journey based on impulse. Similarly, entrepreneurs must have a concrete vision and a well charted business plan before moving ahead with their venture. Not having a solid plan can lead to chaotic situations.

 

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7. Doraemon

Doraemon, the 22nd century cat teaches us that innovative solutions to problems will help you solve them and emerge wiser from the situation. He also teaches us the importance of empathy and friendship as he helps Nobita every time he’s in trouble. Doraemon is also a problem-solver who employs quick thinking and witty solutions to Nobita’s problems.

8. Tom and Jerry

The two all time favourite cartoon characters have elaborated on a very important lesson that chasing our competitors endlessly gets you nowhere. By wasting time on foiling your competitors’ tries, you’re forgetting to develop on your own skills which will ultimately prove to be useless in the long run.


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5 Lessons entrepreneurs could learn from Game of Thrones

Start watching Game of Thrones if you don’t already and use these business lessons to make your venture a more successful one.

Game of thrones, based on Song of Ice and Fire written by George Martin, has emerged as the most popular on-going TV series. The show is based on a number of people fighting for the Iron throne which determines the ruler of seven kingdoms. The show has gained popularity for being one of the most manipulative, violent and thrilling ones.

The series also has a number of lessons which could prove to be useful to entrepreneurs. Some of them are:

1. Don’t underestimate yourself

Jon Snow is the perfect example of why you should never underestimate yourself. The bastard son of Ed Stark who was often taunted by Ygritte, “You know nothing, Jon Snow” rose to fame and power only because he believed in himself. He became the Lord Commander of the Night’s watch and through his bravery and clever thinking won over tough groups like the Free Folk. Also, because of his quick thinking and belief in himself, he is a strong contender to the iron throne.

This shows that when required one can use his skills to the fullest and mustn’t underestimate oneself ever.

2. Knowledge is crucial

In the series, Lord Varys or Tyrion Lannister wouldn’t be powerful without their network of spies and crucial information about their enemies. In your job, you could aspire to gather information about the industry and use little secrets of the market to your benefit. Once, you understand the requisites of the market, you will be able to identify and fulfil demands of the customers better.



3. Keep innovating

In the fifth season, the mother of dragons, Daenereys Targareon very rightly said that she wouldn’t break the wheel intending to Tyrion that she wouldn’t stop at what had already achieved. This is the kind of attitude even an entrepreneur should move forward with as there’ll be many people who will keep telling him that a lot of things aren’t possible. His main focus should lie of changing the challenges into opportunities.

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4. Do not trust people easily

Catelyn had warned Neddard Stark repeatedly against Theon Greyjoy and if he cared to pay little heed to his wife’s warning and not trusted Theon blindly, things would’ve been very different. Similarly, when you set up your own venture, a lot of people will advice you on what is right and what is not and offer you schemes. At those times, follow what you know and believe and not what others try to sell.

5. Build a strong team

The only reason Daenerys was able to be so successful till now is because she treated the people who follow and advice her with utmost respect and empowers them. By guaranteeing the Unsullied their freedom, Khaleesi managed to gain herself a band of loyal followers. Similarly, if you display trust and respect towards your employees and treat them like assets, they will put in their 100% and help you reap profits. Also, it is absolutely crucial for an entrepreneur to learn to identify and tap the talents of his employees.

Start watching Game of Thrones if you don’t already and use these business lessons to make your venture a more successful one.

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Image credit: gameofthrones.wikia.com

5 Ways to always remain positive and push forward

Left to the mercy of customers and competitive markets, it is very easy for an entrepreneur to feel demotivated.

Because the life of an entrepreneur is so hectic, there are certain points where he question if it is worth his best? Left to the mercy of customers and competitive markets, it is very easy for an entrepreneur to feel demotivated.

However, until an entrepreneur doesn’t put in his best efforts, he can’t achieve success.

Here are five ways in which an entrepreneur can continue to focus on the positive things only:

1. Positivity and persistence are crucial

The most common of all mistakes is assuming a “no” to be “never”. As an entrepreneur, it is essential to have a grip on yourself and not break-down when you face rejections. After a period of despair, an entrepreneur should sit and analyse his mistakes and try to not repeat them. An entrepreneur needs to keep working until all the negatives are converted into positives. If he decides to accept defeat in the beginning, one can never really hope to succeed.

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2. Stop blaming it on luck

While learning to be persistent during a failure; one should also be willing to change his back luck. There is a wide world of opportunities out there and just because one method didn’t work out for you, doesn’t mean the others won’t either. You need to create more opportunities and walk on more paths leading to success. By putting yourself out there on multiple paths, you will find one which will be the correct one.



3. Do things differently

To become a successful entrepreneur it is absolutely crucial to do things differently. That doesn’t mean one needs to take wrong or shorter routes to achieve success. The founder of Wikipedia Jimmy Wales and Larry Singer came up with a new model of funding which is through donations. This hadn’t previously worked for any company, but, it did great wonders for Wikipedia. Also, Henry Ford came up with the idea of assembly line. Hence, all great entrepreneur need to do things in a more unique manner in order to become successful.

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4. Failure is inevitable

Failure is not the end of your business but merely a stepping stone to success. The worst thing you can do is be afraid of failure because someday you are bound to face it. Some strategies will work and some won’t; for the ones that don’t work, all you need to do is pull yourself together and devise better ones. A failure is the best way to learn what went wrong.

Bill Gates’ first venture Traf-O-Data was an absolute disaster. Instead of getting dejected, he worked harder and came up with Microsoft and the rest as they say, is history.

5. Help others

If your business is already a success, you can definitely help other struggling entrepreneurs. Mentoring a new entrepreneur or speaking at youth conferences will not only revere you as a great person but also make you a better human being. You could also gain some information. The numerous company outreach programmes is also a great way to showcase your company and guide others in the process.

Example: TED talks on entrepreneurship and blogs such as Ben’s blog will definitely motivate more people to become entrepreneurs in future.

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Image credit: www.viralnovelty.net



10 things every entrepreneur needs to learn very early

There are certain things an entrepreneur needs to learn early to avoid making basic mistakes early on.

Building a company isn’t an easy task. But, once you see the gains and happy people benefitting from your venture, you are assured that your efforts were worth it. However, there are certain things an entrepreneur needs to learn early to avoid making basic mistakes.

1. Building a team to work with is an initial task

Spending money on hiring the correct people to work for you is probably the best investment ever. One can hope to save up all the cash and grow as a one man team but sometime in the future, s/he will definitely need a loyal and hardworking team. All efforts and money spent into creating a team will reap higher dividends in the future.

2. Aim big and believe in yourself

When you’re starting out, why not start out big? Don’t let your power to rationalise become your foe. Dream and strive to achieve the bigger goals in life and watch how easily the smaller ones are won over. Also, to successfully achieve the bigger aim, you will need to put in more effort but the end result will definitely be worth everything.

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3. Do not put off tasks that need to be done

In an itinerary of an entrepreneur, there might be an array of tasks one might not like to do. You might have the option of delegating these tasks, but someday you will face something you hate, which absolutely needs to be done. Do not put these tasks off and try to get the important yet much hated tasks done as soon as possible for a fruitful outcome.



4. Do not focus on things that aren’t important

A basic mistake a lot of entrepreneurs make is that they devote too much time in doing things that aren’t absolutely crucial. Have a basic to-do list and eliminate the activities you believe aren’t necessary and are being done only for the sake of it. Also, refusing to focus of unimportant tasks leaves you with enough time to focus on the necessary ones.

5. Receive information only from the credible sources

We live in an era in which we are bombarded with all kinds of information, half of which isn’t true. Trust only the sources you believe are credible and do not get lost in a kaleidoscope of unnecessary data which can hamper your current thought process.

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6. Have your reasons sorted in the very beginning

You need to have a very strong reason and belief sorted already regarding why you’re doing this beyond financial gains. This reason becomes your sole motivating factor on days when nothing’s going right and on days when you realise exactly how hard it is to build a company.

7. Let go of inhibitions

Initially, everyone has certain inhibitions regarding what approach s/he should take and certain decisions. Let go of your inhibitions and do what you thing is correct and important for your venture. It may be a wrong decision, but it’ll definitely be a great lesson.



8. Measure the pros and cons

Whilst struggling to keep up with the competition, it is also important to weigh your pros and cons because having a fair understanding and idea of what is happening will give you more clarity in your thought and next plan of action.

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9. One plan of action is sufficient

While starting out, it’s good to dream big. But, it is also very important to remain realistic. As a budding entrepreneur, do not make the mistake of venturing into 10 different categories. Have a single idea, work towards it and work on expansion plans when the correct time arrives.
Example: Ola started as a cab-service app. After it grew big in the cab-service sector, Ola then branched out to offer other services like Ola Share and Ola Shuttle services.

10. Make and maintain contacts

Treat everyone you meet during your job as an important asset as you never know when you might require them. Be cordial and pleasant with the people you meet. An occasional e-mail or a phone call can help to secure a long-lasting relationship.

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Image credit: www.huffingtonpost.com





7 Lessons from Ramayana for every entrepreneur

Ramayana is not just a story, but an educational medium used by the ancient sages to espouse the importance of doing your dharma (duty).

Ramayana is one of the greatest epics of Hindu Mythology. Ramayana is not just a story, but an educational medium used by the ancient sages to espouse the importance of doing your dharma (duty).

Out of so many lessons one can learn from Ramayana, we are listing top 7 lessons which entrepreneurs should learn:

1. Don’t over commit like Dasharatha. You may be in trouble later. It’s better to commit low and deliver more.

2. Do your business with all ethics. Consider your business like dharma. Keep your words like Lord Rama.

3. Build a team. Rama was able to win against Ravana just because he was able to make a performing team. Every member of your team is important.



4. Be a decision maker. When Hanuman went to get Sanjivani booti he was not able to identify it. He brought the whole mountain. In running a startup, you need to be a decision maker no matter what.

5. Stay cool and don’t be angry. Laxaman was a short tempered person. He lost his cool many times which put him into trouble. Running a startup means keeping your head cool all the times.

6. Startup is all about making life sacrifices. You will need to work overtime, have to leave your comfort level just like Sita who decided to go with Rama in forest for 14 years exile.

7. Leave your ego. Ravana got destroyed just because of his ego. When you are running a startup, leave your ego’s aside.





What every startup and entrepreneur should learn from Sachin Tendulkar

For entrepreneurs there is so much to learn from Sachin Tendulkar. It is not just about having talent but having the ability to nurture it to achieve greatness.

The man, the GOD, the run-scoring machine and more have been the words used to describe the man Sachin Ramesh Tendulkar. It is a brilliant achievement indeed and is today an inspiring example for a lot of us young Indians and for that matter, youngsters all over the world!

Sachin Tendulkar reminds us of a saga of true sportsmanship, humility and innumerable number of records in the world of cricket. After a brief period of uncertainty, Indian cricket has moved on. In a country that has a habit of finding heroes, it has not taken long to find new ones. But then, like they say, there are sportsmen and then there is Sachin.

For entrepreneurs there is so much to learn from Sachin Tendulkar. It is not just about having talent but having the ability to nurture it to achieve greatness. He has had to be a mentor, a student, a team player, a tough opponent, a patient and yet an aggressive person, among other things to get to where he is today. He is a classic example of the things one needs to do beyond possessing basic talent.

We all adore Sachin Tendulkar and now its time we should learn some entrepreneurship lessons from our hero:

1) Get Hit, Fall Down, Keep Going.

Fourth Test, Sialkot, Pakistan, 1989: India had saved three tests against the great bowling attack of Pakistan. They were now in the green pitch of Sialkot. Waqar was breathing fire with India tottering at 38 for 4. A bouncer hits Sachin on the nose leaving him on the floor with blood spurting out. A sixteen year old Sachin playing his first ever series was not someone to give up so easily. He battled on with a bloodied nose scoring an unbeaten half century.

Start ups are a lot like this. The initial stages are not easy and success takes a long time in coming. There are going to be occasions when you will be clouded with doubt, when it will be hard to find those short wins and at all those times, it is just important to persist and believe.

2) Step Out Of Your Comfort Zone

Hero Cup Semi Final, Ind vs South Africa, 1994.

The Azhar-led Indian squad was on the verge of exit from the Hero Cup. After putting up a paltry score, Indian bowlers responded fairly well leaving South Africa needing just six runs off the final over. Tough times call for tough guys. Azhar handed the ball to Sachin who had not bowled a single over in the game till then. He bravely took up the opportunity and bowled a brilliant final over to hand India the match and subsequently the tournament.

3) Even At Your Peak, Do The Basics.

World Cup 1996- World Cup 2003

It is during the period from 1996 to 2003 that Sachin Tendulkar achieved the status of ‘GOD’. Bowling line ups around the World shook at the sight of 5 foot 3 inches lad walking on to the pitch. Tendulkar smashed centuries after centuries tearing apart oppositions with relative ease. To add to this, the burden on him was constantly increasing with the retirement of key players. He went on to become the highest run scorer in all formats of the game and surpassed multiple records on the way. All through, there was one nothing that never changed – the practice regime. Sachin remained the one person who’d hit more balls in the nets than everybody else even a decade into the game.



4) Play To Your Strengths, Especially During Your Tough Times.

Fourth Test, Border-Gavaskar Trophy, 2004

Post the 2003 World Cup during when he led India into the finals, Sachin entered probably the most difficult phase of his career yet. After a string of failures in the first three tests, Sachin’s place in the team was under scrutiny. He was dismissed attempting cover drives on the off side through the entire series. During the final test, Sachin taught us probably the most valuable lesson of all. Giving up entirely on his cover drives, Sachin scored a slow and painful 241* restricting to his shots purely to the leg side.

5) Train For Marathons, Not Sprints.

Ton of Tons, 1990-2012

24 years. That’s a long period for any man in any sport. One can count the number of such sportsmen on their fingertips. Longevity is not about luck but about the attitude towards your work. Sachin had a knack of converting his starts into big scores. One could almost sense within a few balls that he might just score a century this day. During every innings and across his entire career, Sachin lasted the distance. He could battle on without losing focus at any stage. He was a marathoner not a sprinter and his success largely owes to the same.

6) Build Trust.

World Cup 2011 – March 2012

The most beautiful aspect about Sachin is probably the trust he built among the Indians. Be it children or grand parents, everyone believed in Sachin, everyone felt like nothing could go wrong as long as Sachin was there. Like Amla famously said ‘Nothing bad can happen to us if we’re on a plane in India with Sachin Tendulkar on it’. Having carried the burden of expectations on his shoulders for so long, Sachin never failed to deliver and even when he did occasionally, everyone knew it was just an off day.

7) Uphold Your Values At All Times – It Defines You.

Since 1989.

If we had to choose one thing that differentiates Sachin from other greats of the game, most of us would say – his character. Sachin was as much a gem of a character outside the field as he was on the field. Across a career spanning three decades, Sachin has not been entangled in any controversies. His farewell speech pretty much sums up the man that he is. In a twenty minute long speech, probably his final act on a Cricket ground, there was not one person he left out. Right from the curators to his family, he was thankful to everyone who made him who he was. That is the mark of true greatness – to remain grounded even when you have achieved almost everything you possibly could.