Get All Access for $5/mo

What Is The Purpose Behind Your Startup? Is money the only reason why your startup exists?

By Ritu Kochar

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Is your startup serving the purpose you wanted it to? Is your team motivating you enough to keep going? Entrepreneur and investor Mahesh Murty answers such question in a short interaction with Entrepreneur India.

Murty emphasizes on the importance of knowing the purpose behind your startup, which will then act as a guiding force. A business only with the purpose of earning money will only attract employees who'll work for money. His focus is on ethics and ability of people around, cutting the dead weight of the company and finding the purpose, as he says, "If you find a higher purpose, a deeper purpose or a purpose different from just making money, you will find that it'll guide you to find your purpose in life..."

When asked about the government's startup initiative, his approach is very pragmatic and his view skeptical. He says, "We've done really well without a startup policy. I'm not sure what good it'll do"

Ritu Kochar

Former Staff, Entrepreneur India

Ritu used to work as a Feature writer for Entrepreneur India.
Data & Recovery

One of the Hardest Parts of Running a Business, Solved

Take your time back with this simple gadget.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Marketing

5 Strategies That Helped Me Achieve 10x Returns on My Marketing Efforts

These five marketing tactics have delivered remarkable returns for my business.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Science & Technology

AI for the Underdog — Here's How Small Businesses Can Thrive With Artificial Intelligence

How small businesses can harness the power of AI to streamline operations, enhance customer experiences and drive growth.

Business News

What Is Founder Mode? Here's Why the Phrase Is Everywhere This Week.

Founder mode is different from the traditional manager path. Here's why.