October 28, 2007

Mindblocks against entrepreneurship

Few months back, I had written about Life Plan [the planning phase to Entrepreneurship] and as mentioned in the comments of that article, The Right Mindset is so very important. Just came across an interesting article on Economic Times, which describes the Five Common mindblocks against Entrepreneurship , which are listed below :
  1. You don’t have a lot of money in the bank.
  2. Someone mentions the words “business plan” to you, and you stare blankly.
  3. You don’t know anything about bookkeeping.
  4. You’re not sure you have the dedication it takes to stick with it.
  5. You’re afraid of selling.
Also, if you are in India, than "Age when a person thinks about Marriage", could also be a mindblock , not only to Entrepreneurship but also to join a startup wink

Read the complete article here

Related Article :
Are Blogger's the best recruit for startups
Seven Signs of an Entrepreneur
Can small companies too take the plunge in M&As?

Labels: , ,

17 Comments:

At Oct 30, 2007, 12:21:00 AM , Anonymous Anonymous said...

You are right about these mindblocks but don;t you think these points are worth pondering on and then taking calculated risks.

To succeed one must have the appetite to take risks but to think of the above pounts as mental blocks and go ahead would indeed be a risky proposition!!!

 
At Oct 31, 2007, 10:34:00 AM , Anonymous Himanshu Sheth said...

Hey,
@Mr. Anonymous : You are very much correct and I am also facing through a similar kind of a mindblock.But yes,things have to be discussed with the people who have already taken the plunge.Also,once we start doing something(say in my case it was Blogging), you automatically start taking risks and that appetite comes!!!!

Would be great,if you could post comments un-anonymously.

-Himanshu Sheth

 
At Oct 31, 2007, 10:44:00 AM , Anonymous Sridhar said...

Well, I guess every entrepreneur has some or all of these mentioned mindblocks, but the word entrepreneur itself speaks for overcoming these aspects.

Cheerz
Shri

 
At Oct 31, 2007, 11:59:00 AM , Anonymous Manoj said...

Even after someone takes the plunge into entrepreneurship, find a co-founder, convince her/him, put in their own capital/time, build their first product, they usually hit a huge barrier when it comes to raising capital to take their venture to the next level, espeically if they are first time entrepreneurs. The following is quite common:

- "We only invest in people we know."

- "We look for teams with prior entrepreneurial background."

- "Your product is good. But we prefer products from seasoned vendors."

This is the biggest block I have seen so far. If you want to take a risk, make sure to look for a 'risk taking' investor/customer as aggressively as figuring out the nitty-gritties and low-level details of your product.

Its easier to fight your own mindblocks and inhibitions/fears. Its equally important to fight the mindblocks of those whose investment(time/money/advice etc.) you seek.

 
At Oct 31, 2007, 10:13:00 PM , Anonymous Anonymous said...

Sridhar I liked the sentence "the word entrepreneur itself speaks for overcoming these aspects."

The word Entrepreneurship conjures up stories of success and one gets the feeling that an entreprenuer can achieve anything.

BUT, the success stories are only 1% of the entreprenurial attempts ever made by individuals. People have become paupers trying to become entrepreneurs.

There goes an adage:
"Fools rush in where angels fear to tread"

This is not to discourage anyone but entrepreneurship is the culmination of of hard work, seized opportunities, luck and ofcourse 'calculated risks".

Yes, the key word here is "calculated risks". Hence having a mental block may not be a bad idea; at least one would try to analyse and eliminate risks.

Thanks,
Anonymous :

 
At Nov 1, 2007, 9:37:00 AM , Anonymous Anonymous said...

My observation is that this blogger covers a lot on startups, entrepreneurship and innovation but there is nothing innovative about the blogs. The text, the material in the blogs and the spirit is of another author but referenced here.

Is it not high time that this blogger becomes innovative and wrote some innovative articles? The first step towards creativity and innovation? Think over it ...

 
At Nov 1, 2007, 3:10:00 PM , Anonymous Himanshu Sheth said...

Hey,
@Mr Anonymous : I make it a point to answer your comment first.Have not been able to blog for a few days now (:

It would be good if you can elaborate on this line "The text, the material in the blogs and the spirit is of another author but referenced here"

My understanding is "Every article on find someone else's blog can be related to some other article on other blog".

Things are shaping up well on this blog and I make every attempt to make my writing as well as reading better.

If you have some valuable suggestions than you can drop me a mail(and if you prefer being anonymous than you can send me a mail through a dummy mail-id)

Would await a reply to this comment or a mail from you :)

Thanks.

-Himanshu Sheth

 
At Nov 1, 2007, 10:49:00 PM , Anonymous Anonymous said...

Well, I prefer being anonymous. There goes a saying "familiarity breeds contempt" and I would prefer to be anonymous. But I can promise you that I will be a good critic, a critic who will point out the negatives in your blog...that is if you have the stomach to take it in the right spirit :)

Secondly, I believe you must narrate your own experiences and learnings in your own language else you earn a reputation like that of Anu Malik who lifts music from other music composers.

When you talk about entrepreneurship the talk is about innovation and if the forum you have chosen to become public itself is not innovative then I would think innovation is not in your blood but you like to think and show that you are innovative :)

If you want to grow...then INNOVATE.

 
At Nov 2, 2007, 4:17:00 PM , Anonymous Himanshu Sheth said...

Hey,
@Mr. Anonymous : I am sure you would have a smile on your face, when you see reply to your comments :) I am currently in Mumbai and have not been able to post very regularly.

I would always take things in the right spirit and I am sure things would look better :) If I had wished to be Anu Malik, I could have that long time back and could have taken articles from other's blog but I have not done that.

I take some things from the book since, I know when I look back at my blog after some time,it would be a very valuable resource for me.

Also,I(means we) are trying out something and can be in a position to write about the same,when I have something concrete to write about :) If I am not wrong, we should have atleast met each other and you felt that I was not innovative at all.

Also,do you feel that I always copy content from other's blogs and put here?

Last but not the least,I want to grow and innovate as well :)

Thanks for all the comments and I feel nice to get only criticising comments from a reader.

-Himanshu Sheth

 
At Nov 2, 2007, 8:36:00 PM , Anonymous Anonymous said...

I wish you all the best in whatever endeavour you undertake.

Will wait for your next blog to write some more scathing comments :)

 
At Nov 7, 2007, 9:53:00 PM , Blogger Raghavendra said...

Himanshu its long time u have updated ur blog . Please let you mind not get blocked :-).

 
At Feb 25, 2013, 1:02:00 AM , Anonymous Anonymous said...

[p]Ugg boots are available
in black, brown, brown, blue, purple, [url=http://www.cheapuggboots4sale.co.uk]cheap ugg boots sale uk
[/url] red, natural, gray, off-white and more . The Morocco is a bit dressier with a gladiator sandal design . We ve got many boot clearance sales on ugg boots clearance boots principally uggs [url=http://www.uggbootsukonlinsale.co.uk]cheap ugg boots online[/url] clearance sale boots shop before they're over! Winter Clearance Sale all sale merchandise with promo code . Footwear etc . several fashion businesses [url=http://www.uggbootsukonlinsale.co.uk]cheap ugg boots clearance[/url] manufacture wash room designer shoes yet as women's . ourite . Compared with the Nike Air Max released before, Nike Air Max 2011 improves upon its popular predecessor with an innovative, lightweight upper and a plusher fit and feels.[/p][p]UGG Shoes -The Sheepskin DifferenceOutdoor clothing and footwear have really become something in recent years, and the fame of UGG shoes is a model of this . It has soft froth layer this [url=http://www.cheapuggboots4sale.co.uk]ugg boots sale[/url] guarantees convenience . Nike Shox Monster usually are not just nonsense, [url=http://www.uggbootsuk4outlet.co.uk]cheap ugg boots uk[/url] they absolutely are uber cozy . Although you may be keen to wear a pair of boots boots immediately so that a lot of time dry, do not think that setting, such as the heat radiator in front of, or in direct sunlight on their will be helpful . Custom Stress Relievers ?Essentially no one sales opportunities [url=http://www.newcheapuggbootsau.co.uk]new ugg boots[/url] a totally tension-free life . Built [url=http://www.cheapuggboots4sale.co.uk]cheap ugg boots sale[/url] into the TV is a DVB-S tuner for Freesat HD and a DVB-T2 tuner for Freeview HD . So what makes UGGs so special?The sheepskin interior is hygienicThe sheepskin interior soaks up moisture helping to keep the feet dry, meaning [url=http://www.uggbootsuk4outlet.co.uk]ugg boots uk[/url] no need for extra socks.[/p]

 
At Feb 25, 2013, 2:00:00 AM , Anonymous Anonymous said...

[p]The most beneficial times of my total life . Many people hot UGG snow boots, because it [url=http://www.uggaustraliabootshotsale.co.uk]ugg australia boots[/url] was warm moisture-proof and comfortable, imitation UGG made from inferior materials will damage the wearer's feet healthy, so at the time of purchase, must be carefully distinguished, UGG for the real deal is good value for money . That the UGG matches with the jeans randomly will naturally show the bold and unrestrained individual character and the real and unconventional style . 5kg KEYWORD SEARCH uggs on sale,discount ugg classic tall stripe cable knit boots 5822 uggs boots, uggs boots [url=http://www.uggbootsukonlinsale.co.uk]cheap ugg boots online[/url] on sale, classic short ugg boots, ugg classic short boots, ugg boots 5825 on sale, australia ugg boots, ugg 5825 boots, ugg classic short boots Warmth and graceful beauty of UGG boots, winter is said to be a case of the millennium to cold winter, warm in a variety of brand snow boots to imagine, the full and expansion to silhouette, simple and advanced to petal collar, cute cute . com has a [url=http://www.newcheapuggbootsau.co.uk]new ugg boots[/url] great selection of Uggs styled boots . To conserve time after possibly be more cost-effective, a Ugg presents google, with style and color ways, on one occasion visited all the link, the individual gets the beauty products instantly . If you generally use formal wear, then you would most probably be known as a decent and graceful person, while trendy clothes show that you are modern [url=http://www.cheapuggboots4sale.co.uk]cheap ugg boots sale uk
[/url] and contemporary . While the original Ugg was made of just three pieces of material; one for each the outside of the boot, one for the inside and the heel, Ugg boots have many different styles and even have rubber soles.[/p][p]18) The sole in a real ugg is about a half inch or more, the sole of a fake ugg is very very thin maybe 1/4 inch19) The height can be either taller or shorter than the authentic Ugg boots . UGG Bailey Button [url=http://www.uggbootsclearanceukonline.co.uk]ugg boots clearance uk sale[/url] Fancy Chestnut Boots In fact,UGG Bailey Button Fancy Chestnut Boots boots for women[are not just a quite looking boot, nor could they be classed as warm but they are trendy, favored and remain, for what ever reason, 'all the rage' . The approach [url=http://www.uggaustraliabootshotsale.co.uk]ugg australia uk[/url] to clear apart the fog of uncertainty is with far more great info . With different choice, women can find out the different way they [url=http://www.uggbootsclearanceukonline.co.uk]ugg boots clearance[/url] walk in Ugg boots . There are many online shops where you can get these boots without spending too much money . Sheepskin or ugg boots can be worn in cold season upto -30 degree Fahrenheit . If you are searching for a fabulous pair that is able to keep your feet warm and dry throughout the winter, UGG boots should be your ideal choice.[/p]

 
At Feb 25, 2013, 2:55:00 AM , Anonymous Anonymous said...

[p]As a romantic dream for ladies, the letter, Tiffany and co, has [url=http://www.tiffanyuk4sale.co.uk]tiffany sale[/url] some magic power . Essentially be found in the British Tiffany Pendants [url=http://www.allkindstiffanysale.co.uk]tiffany charms[/url] UK style of Mulberry and Burberry stores . This doesn't go well, and Jake is currently branded a [url=http://www.tiffanyoutletinuk.co.uk]tiffany outlet[/url] traitor . Galatea styles in Birmingham, Goodman?s jewelers in Madison, Blue Dolphin Gold in Clarksburg, Chamade Jewelers in San Antonio, and Alson Jewelers in Woodmere (Ohio) are [url=http://www.allkindstiffanysale.co.uk]tiffany store[/url] standard favorites . placing on it is relatively favored between youthful girls since it provides them an stylish touch, as [url=http://www.tiffanyoutletinuk.co.uk]cheap tiffany jewellery[/url] well as walking elegantly attractive . 00, these bar stools [url=http://www.allkindstiffanysale.co.uk]tiffany jewellery sale[/url] add an element of warmth to any Tiffany & Co space while the natural curves of the wood offer exceptional comfort . [url=http://www.tiffanyuk4sale.co.uk]tiffany uk[/url] bellasengagementring . Facts have proved, Tiffany jewelry is not only the voices of lovers can meanders [url=http://www.tiffanyuk4sale.co.uk]tiffany uk sale[/url] its original silverware, stationery and tableware is fascinated.[/p]

 
At Feb 26, 2013, 9:22:00 PM , Anonymous Anonymous said...

[p]Forums allow you to gain creditability with your websites visitors as you can reply to posts that are looking for help and by doing this you are letting everyone know that you are an expert on the topic of your website . Adidas Sportswear Adidas leader offers the Teambag CP is a small nylon bag and comes with a mesh upper panel . , 篓陇 titre d隆炉exemple errance, camping en plein air, l隆炉ex篓娄cution de tout un peu de p篓潞che en mer, mais aussi l隆炉escalade .



W h e n I g e t r e a d y i n t h e m o r n i n g , I m d o i n g [url=http://www.isabelmarantsneakersfre.com]isabel marant sneakers[/url] a s l i t t l e a s p o s s i b l e . 篓娄cole Chukka chaussures de randonn篓娄e importante d篓娄voil篓娄 隆掳Chaussures Lumberjack? jusqu隆炉en 1960 . I m v e r y s e n s i t i v e a b o u t t h e s h o u l d e r s a n d l e g s . Black Weekend offers genuinely huge promotions to customers . Il est impossible s隆炉est av篓娄r篓娄 篓潞tre des hommes et des femmes qui souffrent de l隆炉estomac ou seulement dans des situations seulement . Il est toujours possible de contr?ler quelques oiseaux au moyen d隆炉un coup tout 篓陇 fait.[/p][p]Get that mp3 player [url=http://www.basketisabelmarantfr.com]basket isabel marant prix[/url] you隆炉ve always wanted, or a quality fish Isabel Marant lens if you隆炉re into photography . Le syst篓篓me [url=http://www.basketisabelmarantfr.com]basket isabel marant soldes[/url] r篓娄volutionnaire . If you have got certain custom brands in your mind, check away their online [url=http://www.isabelmarantsneakersfre.com]isabel marant sneakers shop[/url] site or stores for his or her offers . This is really [url=http://www.isabelmarantsneakersfre.com]isabel marant sneakers pas cher[/url] a footwear company who models and helps make shoes who are both classy and snug . Toutes ces bottes lorsque vous utilisez les march篓娄s distribuer march篓娄 篓陇 bas prix frais toujours de qualit篓娄 [url=http://www.basketisabelmarantfr.com]basket isabel marant imitation[/url] sup篓娄rieure pourrait 篓潞tre tr篓篓s belle . Comme Isabel Marant Black-jack chaussure est normalement choisir des produits de couverture externes et en plus tout cela peut tr篓篓s bien utiliser un disque dur 篓陇 long terme . route athletic shoes might be considered a footwear about it could be a bit more powerful as well as a focuses predominantly on showcasing numerous support nicely horizontally prefer . People harley movie auto might choose to hug in addition to riff that bum, Do not type many [url=http://www.basketisabelmarantfr.com]isabel marant soldes[/url] wedgie . Pour [url=http://www.isabelmarantsneakersfre.com]isabel marant chaussures pas cher[/url] quelques avantages vari篓娄s, vous devez disposer d隆炉individus.[/p]

 
At Apr 3, 2013, 5:56:00 AM , Anonymous Anonymous said...

[p]It was during [url=http://www.distiffanyforsale.com]tiffany outlet online[/url] 1858 also that the company started producing clocks and watches . Compared to sterling silver jewelry, lots of diamond, platinum or gold jewelry are [url=http://www.distiffanyforsale.com]tiffany jewelry outlet[/url] more precious . Tiffany隆炉s design emphasis on excellence, it can freely get inspiration from the natural world and left tedious [url=http://www.distiffanyforsale.com]tiffany outlet store[/url] and delicate artificial, just simple and clear, and each masterpiece reflect the people of the United States is born with candor, optimism, and Zhaxian wit . Putting on extraordinary jewellery these types of as Tiffany jewellery can be explained as sort of design to maintain " pulse " with fashion and time . These can affect your health due to the cheap materials, [url=http://www.distiffanyforsale.com]tiffany heart necklace[/url] toxic chemicals and metals sometimes used in their manufacture . Now, there's [url=http://www.distiffanyforsale.com]tiffany online[/url] even more . actually you will find significantly a number of tiffany metallic jewellery topple offs just about all all-around.[/p]

 
At Apr 5, 2013, 12:17:00 PM , Anonymous Anonymous said...

[p]Be sure to place the Suncamp . I t s r e a l l y e a s y t o u s e , y o u s i m p l y j u s t a p p l y s o m e o f y o u r f a v o u r i t e [url=http://www.disclarisonicsale.com]clarisonic sale[/url] c l e a n s e r t o y o u r f a c e a n d t u r n o n t h e M i a a n d u s e i t i n c i r c u l a r m o t i o n s o n y o u r f a c e . You might have struggled with dark circles, wrinkles, pimples, dry patches or significant pores, to identify a handful of . Next, I'm going to be honest is stuck, and want to replace the brush head every three months . We are living in the digital age, if we can get a beauty product that can give us clear skin and fewer wrinkles would you try it? [url=http://www.disclarisonicsale.com]cheap clarisonic mia outlet[/url] Here we feature two of the best available and what results they give . co . Using it is as simple as putting your favorite cleanser, turning [url=http://www.disclarisonicsale.com]clarisonic mia sale[/url] it on, and massaging its brush all over your face . I n d e e d , t o d o t h e c l e a n i n g [url=http://www.disclarisonicsale.com]discount clarisonic mia[/url] w o r k , f o l l o w - u p c a r e a n d m a i n t e n a n c e i s r e d o u b l e d . Use Clarisonic [url=http://www.disclarisonicsale.com]clarisonic [/url] followed by daily Renewal Serum gives your skin benefits of anti aging.[/p]

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home