Ending Soon! Save 33% on All Access

Why the World Should Celebrate Entrepreneurship Every entrepreneurial journey is about overcoming fears and challenges that come in the way and converting self doubt to self belief

By Kiran Mazumdar-Shaw

Opinions expressed by Entrepreneur contributors are their own.

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


Entrepreneurship is perhaps one of the most economically empowering pursuits. Every entrepreneur embarks on a journey that is fraught with risk, doubt, skepticism and even failure. The notion of taking an idea to the market is daunting yet exciting, aspirational yet challenging.

Every entrepreneurial journey is about overcoming these fears and challenges and converting self doubt to self belief. This is an arduous path that starts with overcoming a credibility challenge that investors ask : How good is your idea? Will it work? Is it worth funding? Once you raise the start-up capital, you have crossed the first entrepreneurial milestone. Then comes the proof of concept and the ability to demonstrate the potential of commercial success which leads to the next capital raise. This is an important milestone that firmly places you on a path ahead that is about validating one's entrepreneurial capabilities in value creation and building scale, the two key benchmarks in ensuring business sustainability and impact.

As an entrepreneur, I truly believe that entrepreneurship is about staying the course and believing in your business model. It's about conviction and strength of courage to withstand criticism and scepticism to allow you to follow your own path. Finally, entrepreneurial success is all about managing risks and failures. Nothing is predictable or guaranteed in a fast changing world that brings new and disruptive ideas every day. Today's entrepreneur therefore has to prove relevance through a greater focus on understanding the emerging and existing competitive landscape.

Resourcefulness and a pioneering spirit have always proven to be hallmarks of success and my message to every entrepreneur is "Be different and daring, pursue business differentiation and bold ideas and above all pursue your goals and aspirations with purposeful resolve.'

Kiran Mazumdar-Shaw

Chairperson and Managing Director, Biocon

Thought Leaders

Need More Confidence? These 10 Bestselling Books Will Help Improve Your Self-Esteem

Self-esteem can be hard to come by and even harder to maintain. To give yourself a boost, try these authors' words of wisdom.

Side Hustle

The Side Hustle He Started at Age 15 Led to a $4 Billion Boon for Small Businesses: 'They Would Take a Chance on Me With Their Hard-Earned Money'

Nic Beique asked his local barber, gym and more if they'd like him to build a website for their businesses.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

News and Trends

Tata Motors Making Products Accessibility Simpler

From making financing solutions easier for its customers to making investments across brands; the company is dedicated to improve mass penetration

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.