Words of Wisdom by Vinod Khosla to Guide Entrepreneurs of the Current Age
Being an entrepreneur involves a lot of hard work and effort. One should always be open to learning from experience, taking risks to get through difficult times and never hesitate to ask for help with managing finances and technical issues.
One such individual is Vinod Khosla, an Indian-American venture capitalist, businessperson and billionaire. He is also a co-founder of Sun Microsystems and founder of the venture capitalist firm, Khosla Ventures. He was also graded as one of the 400 richest people in America in the year 2014. Apart from being a businessperson, he is the founder of many other enterprises including Daisy Systems. He has served as the honorary chair of DonorsChoose San Francisco Bay Area, and he has served on the board of trustees of Blum Center for Developing Economics at Berkeley’s University of California. Khosla is a member of Xconimists, investor and advisor for Hacker Rank and so many other ventures operating in the United States. He is always an inspiration for many entrepreneurs and these guys look for his advice when it comes to making their business a success. Here are a few words of wisdom that can help you as a startup or a newly operating business:
I’ve probably failed more often than anybody else in Silicon Valley. Those don’t matter. I don’t remember the failures. You remember the big successes.
Vinod Khosla shares his secret of success by sharing his experience at the Silicon Valley where he had to struggle a lot and had to face different adversities when he started off his journey. But he stayed resilient and never gave up hope as he thinks that when you reach the top, people follow because of your struggle and one should always focus on self-improvement, not the things that led him or her to failure. This is one of the good ways to exercise positivity and maintain a positive attitude towards things in life. Remembering your failures and not your success might have some negative effects on your mental health as well and might lead to depression and negativity.
If everyone played it safe, we wouldn’t get anywhere.
This is one of the golden rules that pays off really well for every entrepreneur. It requires you to take risks and play on your instincts or gut feeling. People who play safe earn something that they work hard for. This can be an order that you would have worked on day in and day out or getting something that you have worked really hard and you might be able to benefit from by presenting your business idea to the investors. This is a good way to get success but real success comes to people who take risks and dare to make a desperate move in life. This means that you have some money that you can invest but based on some calculations and a little belief on your instinct and some calculations. Not calculating your risk might get you in trouble.
Everybody else is afraid to fail. I don’t really care because when I fail, I try something new.
This is one of the best approaches to get success in life. Vinod Khosla believes that one of the traits of successful people is that they never fail in life. They either get success in life or either learn something new. Failure is a way to test your skills and judgment about things. If you fail for like a thousand times in life, you come up with a thousand different ways to get something done. Also, these thousand failed attempts get you one step further towards success. So never get scared or distracted by failures or adversities in life. They all come in our life to teach us something new and add to our experience.
What an entrepreneur does is to build for the long run. If the market is great, you get all of the resources you can. You build to it. But a good entrepreneur is always prepared to throttle back, put on the brakes, and if the world changes adapt to the world.
According to Vinod Khosla, entrepreneurs are more like innovators who work day in and day out to create something better for the long-run. For this, they use different resources and materials available in the market and create whatever they want to create. But it is a good entrepreneur who knows what to create, when to create, and then how to sell it and who to sell it to as well. This requires them to get through different processes. It is not necessary that the same rule applies to all products or for all customers. When things are in their favor these guys create wonders using the available resources, but in some kind of adverse circumstances, these guys adapt to the change and create something that is in demand. You can always stay updated using the Spectrum Silver package and the business updates that air on channels offered in the package.
Final Thoughts
These are a few principles and words of wisdom shared by one of the most successful men in the world of business. He stayed consistent and used his mind and principles to become rich and successful in life and business.
