We had the pleasure of chatting with R. Narayanan (a.k.a. Naru) on 25th Oct. He is a serial entrepreneur and angel investor, and started one of India's first bubble gum companies among other ventures. It was a fantastic chat, with Naru have "answers to everything" in his own words.
Some of the highlights of the talk were (the full video can be seen here):
- Never buckle under pressure - most people use time pressure to get you to make bad decisions, don't! Always ask for just a few minutes (if not more) to clear your head and think straight - these few minutes might just be the difference between success and failure
- If you are having cash flow issues, always talk it out with your suppliers, this will ensure that they are on your side for most part - giving you some breather before the next big thing hits
- Give everyone (mainly employees & vendors) 2 - 3 chances, and it they still don't live up to expectations, it is better to let them go and find someone else, rather than be stuck with mediocre performers for a long time
You can catch the full video here.