Entrepreneurs - East and the West

Entrepreneurs - East and the West

By Sheeroy Desai:

The fundamental structure of the global economy is shifting- from the West to the East. China and India are expected to lead the global recovery and as such venture capitalists are also shifting their focus to these countries. Hoping to find the next big ideas and companies.

At the heart of successful new companies lie successful entrepreneurs. And if India and China are going to produce the next Microsoft’s or Google’s of the world, do they have the entrepreneurs to create and grow such companies?

"The combination of the talent, culture and money in Silicon Valley makes it an incredible engine for fueling entrepreneurs and successful start-ups. So, coming back to the idea at the top of this blog, what will it take for China and India to produce the large volumes of entrepreneurs and start-up’s? It will come down to will the best talent in these countries turn down, the safe jobs to pursue their dreams and risk failure. Will there be enough of these entrepreneurs with large dreams and ambitions to build global giants?"

To Thrive In The Recession, Be A Cockroach

To Thrive In The Recession, Be A Cockroach - Forbes.com

Why should a recession be good for start-up leaders?

First, since a recession weeds out weaklings, it's a time for the stronger to get underway. During a boom, you don't need as much talent to succeed; the environment helps you along. Even the mediocre do well because the market is flooded with opportunity. A downturn offers particular opportunity for especially smart people willing to work harder. They're the ones who discover their full potential and find ways to solve the toughest problems.

Second, bad times, just like good times, never last forever. A recession is as much a part of the economic cycle as is a boom. Nevertheless, in tough times people tend to let their emotions and judgment be colored by the uncertainty they feel. They end up behaving as if the world will always remain the way it is right now. But good leaders don't get stuck that way. They know how to take their eyes off the short term and try to see how things will shape up in the future. And then they don't just sit there gazing; they go ahead and start the process of building that future.

Third, a recession is a time when you know the environment is hazardous, so you remain cautious and tread slowly. Good leaders and entrepreneurs run their start-ups on the thinnest budgets possible, making sure they remain agile at all times. In the words of Paul Graham, programmer and start-up guru, recession offers you a chance to be the cockroach of the corporate world. The immediate cause of death for a start-up is always running out of money. The cheaper your company is to operate, the harder it will be to kill. A recession forces you to be as thrifty as possible and that helps it thrive even in the worst of times.