Monday, February 28, 2011

Entrepreneurship

Principle 1
Promises and commitments are meant to be broken:


Yes, this principle is just as true as the fact that our planet revolves around the Sun. Only that it applies to every single person or company you will expect to help you in your venture. No exceptions. But on the other hand if you try following this principle yourself, you are only going to harming yourself further. ‘So please do not try this at work!!’
When you have a fresh incepted idea to start a new business, you are bound to approach and contact the related personnel. They will either accept or idea with a few forced changes to suit them or they will shun you away like an outcast. Please do not mistake yourself to think that the previous scenario is better than the second one; as a matter of fact neither is better than the other.
Whenever a person/company finds that your plan interests them, they will be determined to make certain changes and not accept your idea in its entirety. The changes will definitely suit their purpose and might or might not even solve your purpose at all. Assuming you do find the changes suitable or you reach a middle ground with the concerned parties, it, under no circumstances, means that they will abide by it. You may have spent weeks together planning a course of action and other cumulative ones depending on the changes suggested to you, however, there is and can never be any guarantee that the concerned parties will still accept your proposal.
So beware!! Don’t be too happy if only promises are made to you: They can be misleading. This, however, does not mean you should trust no one. No!! That is not something we are suggesting. On your part show them full faith and commitment (and be ready to fulfil it if need be so). You have to learn to trust them to a certain extent, but exactly how much only your experiences and failures will teach you.
At BucketBolt.com, we too came across similar situations quite a few times. One such incident occurred when a particular publication house had promised a continuous flow of textbooks if we were able to get him the volume he required (which we did so, mind you). But when came the D-day, he backed off at the last moment citing “technical glitches “, which obviously made no sense to us. But as we had mentioned the above principle is not meant for us, we had to make last minute arrangements for the order placed to retain the goodwill amongst our customers.
If you have also gone through a similar phase in your struggle too, we urge you to comment and share with us your experience. You never know your experience might just help an infant entrepreneur in ways beyond your imagination.