This blog is written and owned by Saurabh Gupta
Risk involved in an idea and Returns expected from it are directly proportional and hence the rule of the game is simple - More risk more returns, Less risk less returns. Every super intelligent person in this world looks for minimum risk and maximum returns and hence in order to play safe, remain on the other side of the boundary wall or in other words, he/she faces a entry barrier created by him/her only. Crossing this barrier doesn't mean that he/she is a 007, it only means that he/she thinks big and is willing to take risk in life.
Our appetite for risk has always remained less and that is inculcated in us by our culture.We have always been taught that Greed is an evil, and money minded attitude is negative. But if we are not greedy, why would we go for ideas with maximum risks... Who wants to take more risk if he/she doesn't need more money? I asked my colleague, who left his job for a start-up, that is it the zeal to be different that drags him for the startup or is it money and he said very clearly that its only money that drives this industry and those who say that they want to prove themselves to the world or something are those people who are affected by the basic rule of our culture which says that money minded people are bad or something. In other words, our culture make us risk averse but if we say that we want to lead/rule the world then at one point or the other we have to produce more global companies like TATA, Reliance and TCS and we will need to take more risks.
Risk and Returns rule is simple but the guarantee card of security or minimum risk and maximum returns mind set causes all the problem. To go beyond a certain point, we need to think innovative and dive into the race of creative firms.
Current service based economy is also bringing dollars and that too in a great pace but it is only a fraction of what goes to the owner companies and once the rates of rupee against dollars go up, this boom will bust and we will need to enter into a base market, base of Indian market known globally.
When we are taking of maximum returns which is generated by US in the present scenarios, then we ought to take maximum risk and for that the very basic definition of Greed needs to change.
Risk involved in an idea and Returns expected from it are directly proportional and hence the rule of the game is simple - More risk more returns, Less risk less returns. Every super intelligent person in this world looks for minimum risk and maximum returns and hence in order to play safe, remain on the other side of the boundary wall or in other words, he/she faces a entry barrier created by him/her only. Crossing this barrier doesn't mean that he/she is a 007, it only means that he/she thinks big and is willing to take risk in life.
Our appetite for risk has always remained less and that is inculcated in us by our culture.We have always been taught that Greed is an evil, and money minded attitude is negative. But if we are not greedy, why would we go for ideas with maximum risks... Who wants to take more risk if he/she doesn't need more money? I asked my colleague, who left his job for a start-up, that is it the zeal to be different that drags him for the startup or is it money and he said very clearly that its only money that drives this industry and those who say that they want to prove themselves to the world or something are those people who are affected by the basic rule of our culture which says that money minded people are bad or something. In other words, our culture make us risk averse but if we say that we want to lead/rule the world then at one point or the other we have to produce more global companies like TATA, Reliance and TCS and we will need to take more risks.
Risk and Returns rule is simple but the guarantee card of security or minimum risk and maximum returns mind set causes all the problem. To go beyond a certain point, we need to think innovative and dive into the race of creative firms.
Current service based economy is also bringing dollars and that too in a great pace but it is only a fraction of what goes to the owner companies and once the rates of rupee against dollars go up, this boom will bust and we will need to enter into a base market, base of Indian market known globally.
When we are taking of maximum returns which is generated by US in the present scenarios, then we ought to take maximum risk and for that the very basic definition of Greed needs to change.
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