Archive for July 2006
Be it any project – large or small, high-tech or low-tech, personal or professional, one of the most important factors that decides the fate of the project is the rigour with which it is executed. Execution is what gets the ball rolling, acts as a clear differentiator and truly provides one with a competitive edge.
You would agree that it is execution that takes an idea from conception to a marketable product or a service. No matter how good your idea is, if it is not backed up with some deligent and rigorous execution, I am afraid the concept or the idea may never get to see the light of the day.
Execution is critical. Action is what is required. And irrespective of the outcome, at the end of it, there is always something to learn. But that can not be known, unless one acts. Spending time thinking, discussing and analysing, is not going to take one a long way. Not that they are not important, but if not backed by execution they do not hold any importance any ways.
ACTION differentiates the thinkers from doers. There is a lot of power in action. There might be a lot of people who may be thinking on the same product idea as you are, but how many of them end up developing a product out of it, and less, how many of them are really successful? So what is the difference between these classes of people? Action.
This is how Nandan Nilekani, CEO Infosys, praises Mukesh Ambani, “His genius, his strength, is that he’s enormously good at executing large projects. He is able to assemble large numbers of people, the project-management skills, the capital and then execute.” Clearly the focus is on one’s execution skills.
Those who execute win. So if you think you have something to build or pursue, go ahead and embrace execution. Relentlessly execute and execute well !!
More event details on – http://punehackathon.pbwiki.com/
Venue and Date:
14 Trade Field,
Opposite Sony World Showroon
Sanghavi Nagar, Aundh
July 29-30, 2006
All day and night
Presentations will start Sunday afternoon
I am looking forward to attending it, though I just know a very high level of Ruby and Rails. Booking my calendar for this one right away.
Young Turks is a very good show to watch on CNBC TV 18 – everyday Thursday at 7pm (repeat on every Sunday afternoon). The show focuses on young and successful entrepreneurs of India. In every show atleast 2 or more entrepreneurs are interviewed on what they were engaged in before they started their own firm, the motivations, the struggles, the future strategy and word for aspiring entrepreneurs. It surely recognizes the efforts and success of the entrepreneurs and is very inspiring and educating for budding business minded people too.
It has been drizzling in Pune since a couple of days now, and it reminds me of what Pune was 15 years ago – a city which used to be wet most time of the year with a near hill station like weather, when we had first visited the city on our annual school vacation from Kuwait.
Since it was pouring on and off on the weekends too, we decided to seek shelter and get some weekend entertaintment by getting into a shopping mall. We finally zeroed in on Gold AdLabs. Adlabs is a multiplex with a shopping mall and a lot of branded restaurants viz. KFC, Mac, Subway, Baskin Robbins, CCD (Cafe’ Coffee Day) to name a few. We took the Koregaon Park route and got connected to Kalyaninagar via a bridge – a bridge that connects one of the hottest and poshest areas of Pune.
I was kind of shell shocked and surprised to see the development that has happened in this part of the city. For a second I felt as if I was abroad. Kalyaninagar truly is posh, metropolitan and a sure shot upmarket place. It has one of the finest residential apartment projects which comes with a high price (Rs. 3000-3500/sq. ft) tag (for Pune at-least). What got my heart beating were the amount of IT companies and parks that one can see. MPhasis, PTC, Cybage have really huge setups there. And loads of IT parks coming up. This area surely has come up because of the growth in IT. And the residential apartments, IT setups and parks and the shopping malls all blend very well together to give Kalyaninagar that extraordinary look and feel.
What got me excited were ofcourse the IT companies and the setups. My heart started beating fast and my family knew exactly what I was going through yet once again 😉 – The feeling I used to get as a kid when ever I used to see a BMW or a Merc on the road. However the difference this time I reckon is I can dream and make it happen too – No better time than this !
It is time for me to make a decision – join the family business, start a business of my own (IT or non-IT) or continue for some more time with the current job (with hope of filling the perceived gaps – in case I am expecting too much too early and seeking answers/solutions to my questions/problems).
My family wants me to make a firm decision, stand by it and be happy. In fact I want the same too.
My heart beats for business in IT, but seems like I do not have a plan, idea, network or a team with me, accept that I believe I am capable of executing any projects and am super hard working. Just need a chance to prove what I am capable of. What prevents me from taking the plunge then in IT (if I feel I am capable), is the fear factor, lack of clarity and self-doubt. At the same time, I feel very confident about joining my family business, no self-doubts or fear in this case.
I have not been able to make a firm call yet. Known/proven path (family business) or comparatively uknown/less travelled path?
As my friend and mentor Anil Gupte puts it – “I can’t keep agonising over what to opt for. There are no perfect answers, pros and cons lie with everything in life.”
What do you think? Any suggestions on how to move ahead are more than welcome.
India must have, never been so talked about, amongst the VC circles as it has been lately. There is an ever increasing number of highly experienced, seasoned and educated mass of Indian software engineers who are daring to start a software firm of their own, spinning off from their comfort zones of a normal day to day job, availability of talent, broadband penetration, telecommunication infrastructure, growing importance of the wireless world, and a huge consumer market, all are attracting a lot of VC investments.
The companies which have made it big and are riding the growth curve, are a great source of inspiration and learning for aspiring enterpreneurs. They also further help, strengthening the trust which the VC’s have on the Indian market. This in turn is leading to more software companies and more investments.
As Pramod Haque points out, the Indian software company surely has moved from the Y2K services to outsourced software development/integration services to outsourced product development. And now India stands at a phase of coming up with highly innovative ideas of their own for the world as a market.
However, most of the companies (atleast in the web or internet services space) are replicating the successful and proven internet business models which are prevelant in the developed countries viz. travel, dating sites, matrimonials, classified, e-commerce sites etc.. And I am sure this will also give the VCs a lot of comfort level too. No doubt that some of them surely are very successful and that they are creating a lot of value for the indian customers.
But my concern here is that, these successful companies are still kind of not innovating a lot, as they are cloning proven business models or internet services. Sure they are creating value in the Indian market, but from an Indian IT industry stand point, can we boast of a technology, product or a service that is purely and entirely “Made In India” for the world. Aren’t we cloning existing models, using created technologies and serving corporate America still? Yes one would say, it is a win-win for all as of now, for the companies, VCs and Indian consumer base, but is this the grand prize for the Indian IT industry as a whole.
This is in no way to undermine the acheivements of the Indian IT industry – we have done a great deal !. But are we there yet in terms of creating a highly innovative technology, service or a product, which the world recognizes and uses? How far are we from that stage and what is the most likely trigger?
Finally I start to write my own blog.
After regularly reading a few good blogs, I could not resist the temptation of starting one of my own. I would like to write down about all the thoughts on which I comparatively spend more time on or are closer to my heart viz. technology, startups, entrepreneurship, life, parenting, photography, travelling etc.
I am Shabbir Husain, natively from Rajasthan, born and brought up in Kuwait. I moved to Pune with my family ~10 years back. Am a software engineer by profession, graduated from Pune University in the year 2002 and have a bachelor degree in Computer Science. I have close to 4 years of work experience in the IT industry, with Tata Consultancy Services, India. I have worked in Mumbai, Pune and Tokyo on Network Management and Financial Services domains.
My entire family is in business and that is one thing I wish to do too. My father and brothers run a successful firm here in Pune since the last 8 years. These days I see myself getting more and more attracted to starting a business of my own and I wish to build a successful and reputed business. Starting a business is what I am actively looking forward to these days. I have a few mentors in form of family, friends and seniors, who are a constant source of guidance and inspiration.
I hope my writings about my interests, thoughts and experiences can be of some use or interest to you.