#5 Useful Tips from One of India's Most Successful Entrepreneurs

Entrepreneurship is a risky and rough path and hence you are bound to experience some setbacks, says Harsh Mariwala
Entrepreneur Staff
Senior Correspondent, Entrepreneur India
2 min read

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

When Harsh Mariwala, Chairman of Marico Ltd started ASCENT Foundation, a peer-to-peer networking platform for entrepreneurs, his aim was to create an ecosystem where like-minded entrepreneurs can come together to share their professional experiences, challenges, highs and lows and can also manage to get solutions.

All of these, not by visiting consultants or advisors but by mutual discussions and also support from peer. Mariwala simply wanted to be an advisor or hand-holder who could help them solve problems and tackle challenges

In a recent conversation with Entrepreneur India, Mariwala shared five tips that could entrepreneurs embrace success.

Stand Out

As compared to when Mariwala started his career in the early 90s, businesses today are operating in the highly competitive environment.

And hence, he advised entrepreneurs to create right products or services to win through innovation in business ideas or models, which will help them stand out in the market.  

Integrity

Mariwala stressed that entrepreneurs should think big, but at the same keep their feet on the ground evaluate the situation they are in. 

Human Resource 

A lot of veterans, including Mariwala, dislike the fact that entrepreneurs think they are the jack of all trades and want to do everything by themselves.

Instead, he suggested that entrepreneurs should invest in the right talent and delegate work to them. 

Failure

Entrepreneurship is a risky and rough path and hence you are bound to experience some setbacks.

So, when it comes to failure, he recommended them to deal with it through resilience and perseverance.

Technology

With technology changing so fast, companies who fail to adapt to the change are likely to be irrelevant after a point of time and the businesses will suffer.

And hence, instead of looking at technology from a disruption point of view, he asked entrepreneurs to look at this change as an opportunity and work with grit to achieve their entrepreneurial goals.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.