College Entrepreneurs

Two weeks back, I had an experience talking to young people in their final year of engineering study and a belief to do something. These brought back memories of my own days 3 years back.

One important thing for all young entrepreneurs is:
- MENTORSHIP: Lot of bright students in indian universities are willing to put risk and do things but they lack serious mentorship. Teachers whom I think should be perfect mentors, they more often take a negative approach. Many times they de-motivate people rather than motivating them.

My personal view for all college entrepreneurs :
- Getting your first Idea! : Even if you don't have an "idea" of what you want to do, start something in which you believe in. If you believe in nanotechnology, mobile-communication, any field - put all your passion in that field. Start working and you will get lot of ideas.

- Working on your Idea : Analyze, study market and the most important part is talk to people. Internet is a vast resource, make best use of it. Just Idea's don't matter so make a plan.

- From Idea to a Plan : Analyze what all you need. No one will come and help you out. You have to learn the hard bits yourself. Most of the plans will fail, but keep carry ing on, refine your thoughts and plans.

- From Plan to a Company : Start working and build up your idea into a product.

There are lot of hard things, one needs people, investment and lot of nitty gritty things. But the overall idea of this article is, ACT - and just don't pass time thinking. Your ACT might or might not lead to a successful company right now but it will give you the experience which will help you build a successful company.