May 27, 2007

Failures , road to memorable success

Failures seems a very familiar word to everyone.Everyone might have failed in some way or the other.Different phases of life has different failures associated with it starting from the day a person is born-->becomes a teenager-->person starts working-->gets married and so on...

Leaving the teen age aside(which is more for enjoying rather than taking things too seriously),the age when a person starts working is very important.A person looking out for a new job could be facing failures by not clearing interviews though talent/knowledge is not proportional to clearance in the interview.When a person starts to venture out,difficulties become double but the excitement is also doubled since , it is your own baby wink

But failing (again and again) leads to de-motivation and you tend to look into yourself "Are you worth it?" but the important thing what we forget is "Trying" which is more than "Failing".With every failure you see yourself improving(which also depends on the individual whether he wants to improve or not) and the distance between you and your destination becomes lesser and lesser and one day "You are there at your desired destination"

Some of my personal failures(or ares of improvement, which I always remember):
  1. Not getting a job, after passing out from the college
  2. Crisis in my personal life (which makes you stronger day by day)
  3. Some of the technologies which I wished to learn but could not learn and many more ....
I remember an interview in Datamatics(4 years back) which I cleared only because I could answer one question(which was from the Program Manager of the company) - "Who is Gururaj (Desh) Deshpande?" and my memories became fresh when I read a chapter in "How Innovators connect" which speaks about FAILURES.I would like to share "Gururaj (Desh) Despande's story along with some of the important points revolving around "Failures and Success" and the lessons we get from them.Let me try to note down some of the interesting findings from the chapter "Connecting with failure"
It is not so much that people like to fail but rather than they see "Failure" as a necessary side trip in the journey to bring great offerings to the market.

"It is very important to break away from your past in order to absorb new ideas.You should be comfortable in saying "I'm going to start something new,I better shut off the past and begin a different chapter in my life" - Umang Gupta,CEO of Keynote Systems
Never lose sight of the past (The Gururaj (Desh) Deshpande story):
Gururaj "Desh" Deshpande is the chairman of Sycamore Networks and he is on the board of directors of many IT companies.But he was not successful like this before.He has a pay cheque of $26.95 framed in his office.This cheque helps him to remember how someone can overcome failure with success.As Deshpande says: "Failures broaden your comfort zone and allow you to view risk a little differently"

He co-founded network hardware company Coral Network Corp in 1988 and "boot-strapped" th company while trying to raise $4 million in VC funding.When funding came in , it was a dream come true for him and his wife.His wife who was in IT also quit her job to take care of their two young children.
But soon,there was an ugly misunderstanding between him and his co-founder and they parted ways.When Coral Networks was sold to Synoptics,$26.95 was all that Mr Deshpande earned from the sale.

But Coral's experience strengthened Deshpande's belief that it is important to find things that excite you and do things you want to do and you should not be afraid of making a living.In India,culturally, people don't want to accept failure because if you fail,you are marked for life.The irony he says is more you can deal with failure,the faster you can bounce back,whether you are an individual, a company or even a national economy.

After a (so called) failure,Deshpande was out with his new venture Cascade Communications Corp.Cascade became a huge success and very soon grew to $500 million in revenues.In 1997,Ascend Communications acquired Cascade for $3.7 billion.

From his early days,Deshpande learnt a lot: "To get things started , you have to be slightly crazy ,since if you are too thoughtful and too analytical , you would probably never pull the trigger".These things are not so different from the critical decisions that we take in personal life like when to get married,having children or buying a house etc

Once Cascade was sold,Gururaj Deshpande went on to start his new venture Sycamore Networks.This time around he was able to finance himself and raising money for this venture took him only 15 seconds biggrin Today,along with his work with Sycamore,Deshpande also acts as a VC and is an investor in many startups in India and the US.
This is just a small story of a successful Entrepreneur who was hit by failures and bounced back well.Every Entrepreneur(or should I say person) is hit by failures but it all depends on how you come back after failure.

If you have reached so long in this post,I really appreciate it but you would ask this question "Why only Gururaj Deshpande? The reason is a. I cleared the Datamatics Interview (4 years back) but I did not join there biggrin and b. I keep his photograph on my desk in the office since,I really appreciate his effort.

Finally before I end this article,last words of success: "The successful innovators don't let failure stop their internal quest to succeed"

You can also check out "The Steve Jobs Story about failures and success" here , which is really very motivating and also also teaches you many lessons in just 14 minutes biggrin

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15 Comments:

At May 28, 2007, 2:23:00 AM , Anonymous The Cruisemaniac said...

Very nice insight into the perspectives...

And thanks for linking up the steve jobs audio... ;-)

 
At May 28, 2007, 2:30:00 AM , Anonymous Himanshu Sheth said...

Hey Ashwin,
Yes it was straight just like Deshpande's message.

You are welcome since,the audio was very motivating and interesting.

-Himanshu

 
At May 28, 2007, 9:43:00 AM , Blogger Mahesh said...

Himanshu,Its a very inspiring story which motivates the entrepreneurs. Keep posting story like this one.

Thanks for making us exiting.

-
Mahesh

 
At May 28, 2007, 9:45:00 AM , Blogger Manish said...

It is indeed a nice article. It inspires to motivate, to do something different.

It reminds me Raj Kapur’s failure. Movie AAG. Then he made BARASAAT. People used to say JO AAG ME JAL GAYAA VOH BARASAAT ME BAH JAAYEGAA. But we all knows BARASAAT was a huge success. Many examples. From history, from science, sports, arts, bolywood and all the fields. It certainly motivates us.

It is also important to examine the context, the situation in which they failed and succeed. Their ability to understand hidden need of the customer, brings the success. Yes, we should be crazy about our product, our entrepreneurship, our new venture. In addition to that, we should have valid assumptions, statistical data, information for the projected sale of our product. In can be intuition, without any supporting data. Many times, entrepreneurs fall in love to their product. That is risky.

I would like to conclude one scene from movie KHUBSURAT. I liked it. The hero Sanjay Dutt destroyed all the books on shelf improvement, the entire private book collection of heroine Urmila Matondkar. He insisted her to come out from the cell.

If reader only excited by other’s success story and failed to act, then nothing can happen. Yes we need persistence effort to succeed. We should overcome our failure. We should get inspiration from successful people. At the same time, we should analyze the ever changing environment, industry, market trend, customer demand to place our product, brand and become successful.

Regards,

From
Manish V. Panchmatia
www.geocities.com/panchmatia_manish

 
At May 28, 2007, 1:32:00 PM , Blogger Lakshman Srikanth said...

reading your post reminds of me this

"Success is going from failure to failure without losing ENTHUSIASM"


good post!

 
At May 28, 2007, 4:40:00 PM , Blogger Abhishek said...

Very well written. It reminds me on one of my friends' story. He was an IAS aspirant and cleared prelims twice but could not go further. Being from Bihar, he had tremendous pressure from his family and relatives and was reminded of his failures continuously. In his third attempt, he went all the way and secured sub-100 rank overall. It doesnot matter if it was his third attempt but to remain calm and be focussed inspite of so much of adversity really makes his success sweet.

Abhishek

 
At Mar 31, 2008, 4:50:00 AM , Blogger Anirudh Sharma said...

Hey Himanshu,
This is Bishal here from http://mebish.blogspot.com.I just happened to find the same post on the above url which is a post on my blog.Hence,with the rule of blogging,you should have provided a link instead of copying and pasting my content.

Hope you got my point!!!

-Bishal

 
At Mar 31, 2008, 11:01:00 AM , Blogger Himanshu Sheth said...

Hey,
@Bishal : Can you tell me, How can I copy a post created on July,2007 in the month of May.

My article was created much before you had written (or copied) on your blog :)

-Himanshu Sheth

 
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