Confidence is the Biggest Asset of an Entrepreneur
Here goes the story of Johns, an illiterate who eked out a living as a sacristan (assistant) at a church. He spent his days by cleaning the church and doing menial works. While things were going smoothly, the new vicar of the church arrived. Much to the chagrin of Johns, he wanted to replace Johns with someone who could read and write. As there was no other option to live, Johns started a petty shop in front of the church. Gradually, the business picked up steam and within a few years his business spectrum started to widen and he became a known builder. His rags to riches story made him a celebrity.
By appropriate identification and planning, an entrepreneur can overcome any sort of risk, feels Sudheer Babu
One day a college student requested John’s autograph. But the businessman could only deny the request humbly stating that “I don’t know how to write.” The shocked student asked him again, “If you could be highly successful without any formal education what you could have become if you had studied?” The answer came with a smile, “a sacristan at a church”.
Many successful businessmen hardly had any of the qualifications which we consider inevitable for success. Then what makes one an entrepreneur and successful? In each step there will be challenges. But almost all jobs have risks associated with them. By appropriate identification and planning, an entrepreneur can overcome any sort of risk. Business is for the brave. So the first thing that an entrepreneur should do is to convince oneself that s/he is not a coward but a brave fighter. The confidence to face and overcome failures is an entrepreneur’s real asset.
Here is another story of a businessman who went into bankruptcy. In total dismay, the businessman was sitting at a park thinking of committing suicide. A stranger who noticed him for a while came closer and initiated a friendly talk. The businessman shared his story with the stranger. After hearing the entire story, the stranger opened his briefcase and took out a cheque leaf to sign before handing over to the businessman. The latter was taken aback.
The person who was a total stranger for him a few moments ago was giving him $10 million. It was more than enough to pay all his debts and start a new business. But the real shock was when he saw the name of the person who handed over the cheque. It read Rockefeller, the richest person in the world at that time. And the person said, “we can meet at the same place same day next year. You have to return the money then.”
The businessman came back home and kept the cheque in his safe. From whomever he had borrowed money, he requested for extensions to clear the debts. In the meantime, he inked new pacts to procure more raw materials. He also started to take advances from his old customers. Gradually, the business began to gain its lost glory.
Finally, the date on which Rockefeller asked him to return the money arrived. Carrying the check, the businessman sat on the same bench at the park. The man saw Rockefeller at the entrance of the park. Suddenly two security people came from somewhere and caught hold of Rockefeller. The businessman rushed to the spot and tried to interfere. To his surprise the security men said, “He is mentally ill. He has been claiming that he is Rockefeller.” “What? Was it a valueless cheque given by a mentally-ill person that gave me the confidence to revive my lost business,” the businessman asked to himself. That was a moment of realisation for him. He learnt the importance of confidence in life.
An entrepreneur should have a dream and there should be the courage and confidence to make that dream come true.
(The author is the Managing Director of De Valor Management Consultants (P) Ltd., Kochi.)