Indians are renowned for their entrepreneurial spirit, with Marwaris and Gujaratis holding a particularly exceptional position. From generation to generation, these two communities have consistently been vital contributors to India’s thriving business landscape, acting as strong pillars of the nation’s commercial success. 🤝 🌏
Extremely excited to start my new series – “MARWARI BUSINESS SCHOOL” 😎 💪
[PART- 1] Marwari Business Philosophy: Key Principles for Success 🗝 📈
1. Prioritize liquidity and stability: Prioritize having money in the bank rather than just on paper, as it provides more financial stability and liquidity.
2. Risk preparedness: Only venture into a business if you’re willing to face and learn from potential losses.
3. Hands-on leadership: Top management should be actively involved in every aspect of the business to ensure smooth operations and informed decision-making.
4. Trust in talent: When hiring skilled professionals, trust their expertise and allow them to exercise their judgment, fostering a culture of empowerment.
5. Profitability focus: Although some transactions may lead to short-term losses, strive for consistent profitability year-on-year, ensuring long-term business success.
For those who don’t know me, I’m Rahul Rungta, CMO at E-Intellisense and Chief Mentor & Trainer at Seekho.Digital. Check out my profile for more information- www.linkedin.com/in/rahulrungta