December 16: You may be an entrepreneur, but how do you become a better one in the age of competition? Be more than just a Businessman!
India Based FinTech Entrepreneur Megh Shah, who is one of the most dynamic self-made Entrepreneurs of the country, has shared his journey as a piece of advice for young entrepreneurs.
He started trading at the age of 16 years, he had managed to grow his initial investment of $50,000 to $500,000 just a week before his 18th birthday. Managing that kind of capital is still a dream for many and developing your Money-Making Psychology at the age of 18 is a task in itself. Megh had always been passionate about entrepreneurship and wanted to change the dynamics of the FinTech Industry in India.
“Many people associate entrepreneurs with being enterprising. The word ‘entrepreneur’ comes from the French ‘entreprendre’, meaning ‘to undertake.’ They are good communicators and have a passion for solving problems. They do not need to be popular or have friends to succeed. They are independent and love to pursue their own ideas. They have a strong sense of purpose and a creative streak. They are not afraid to take risks, and they are willing to take risks.”, says Megh, considering the wrong perception established about entrepreneurship.
Megh Shah always believed that taking calculated risks is like a ship on a harbor – safe and still, but that’s not what ships are meant for! If you calculate your risks before you implement your idea, you’ll limit your potential, and there won’t be any benchmark for you to measure your success, says Megh.
Megh Shah has developed multiple successful businesses in the FinTech industry, two of them being Stock Seva & Bazaarbazigar, had turned out to be a huge success for him. He’s currently working on a full-fledged Blockchain designed for Gaming and an all in One Financial Hub for Retail traders.
“Money or wealth! They are considered the standard metrics of success globally. The day we establish new metrics for success which can justify the time and efforts one puts to rise & establish, is the day we have an entrepreneur-friendly world.”, says Megh Shah during his recent Interactions on Social Media.
“I’ve bought a mansion for $10 Million, and I have bought a couple of sports cars. Is this how we can tag me as a successful entrepreneur? Who’s going to count the countless hours and sleepless nights I’ve sacrificed to get here? Will this ever be enough? Monetizing your efforts is justified, but monetizing your potential can be catastrophic, and it will end up driving you away from your destiny.” warns Megh Shah to the young entrepreneurs.
A business entrepreneur should have a strong drive and be open-minded. An entrepreneur must be able to work independently and adapt to any circumstances. This type of person must be self-confident and courageous. He must not be afraid to take risks. Being an entrepreneur requires him to be self-confident and have a strong determination to succeed. He should be able to work without any help. He must have a plan and be prepared to deal with challenges.