Sunk cost fallacy

For every brand and for every person, yesterday is irretrievably gone and tomorrow is worth a great deal.

- Seth Godin, on sunk cost and your personal brand.

Entrepreneurs are good at keeping their dream when everything about them is changing.


On business

I have reason to celebrate my blog today! WordPress.com has endorsed my blog for the keywords “business” and “gprs”. Thank you, whoever you are, bot or other wise.
The occasion reminds me of a quote I picked up from the movie Layer Cake.

The art of doing business lies in being a good middle-man“.

How do you interpret it? I would love to hear from you.

Other posts on business on Sukshma.

Other posts on gprs on Sukshma.

gprs feature
business feature


Quotes to begin the Hindu New Year

While scanning the papers today, I came across some excellent quotes from the current generation of Indian entrepreneurs.

One needs to be “obsessively passionate”, as passion can vary, but obsession can’t. It’s the distinguishing factor. One must be restless all the time to do what one wants to do.

Dilip Chhabria, Promoter – Dilip Chhabria Design. Dilip turned down a lucrative offer from GM, USA to satisfy his desire to design cars. He has worked relentlessly for an entire decade to establish his design studio. I remember seeing his early concepts in auto-shows back in the late ’90′s.

How can one confirm that spark of passion in entrepreneurs? Last night at a family get-together, a close relative of mine explained in the following inexact words,

I want to see if he is passionate about his immediate family. Experience teaches me that a deep sense of passion and attachment towards family is a very positive indicator of passion, commitment and therefore success in other areas of life, including business.

Unlike academics, where you know you have a fixed time window to acheive success in the form of a degree – life offers you a misleadingly long window; you have only your own lifetime to succeed. Indeed, commitment is crucial.

Finally, better believe it – your TIME is now! Doesn’t matter who or where you are.


Quotes for this week

Don’t let the method distract you from your message.” – A mentor in the past, he may have been talking about e-mail ;-) . But I heard what I wanted to hear.

No one told the young guys it couldn’t be done, so they went ahead and did it anyway.” – Another mentor, at an Udupi restaurant, before I left for Pune.

Don’t let the competition or difficulty bother you, stay focused on solving one problem and solve it well.” – Founder of 2 respected startups and also in a mentorship role.


Quotes to start my week

“Far better it is to dare mighty things to win glorious triumphs, even though checkered with failure, than to take rank with those poor spirits who neither enjoy much nor suffer much, because they live in the gray twilight that know not victory or defeat.”

– Theodore Roosevelt. Thanks to – WorkHappy.net.

“They are not going to look at how hard you fall – they are going to look at how well you can get back up.”

- Vivek Makhija, my class-mate and fellow team (debate) member in Bishop’s (1994), needless to say we won.


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