Do You Have What It Takes to Start Your Own Business?

Setting up shop is no small feat—it takes chops, guts, and oodles of hard work. Are you prepared for what’s coming your way?

- Saumyaa Vohra

According to several studies, millennials are an‘entrepreneur generation’, with many 20-35 year olds wanting to start their own companies. Think you’re part of the ‘millennipreneurs’ crew? Then you need this guide to starting your own business—straight from the experts!

FIGURE OUT THE ‘WHY’

“When I decided to start NIMAI, there was absolutely no other player in the market—I wanted to start the first curated multi-designer jewellery brand. It was a unique idea,” says Pooja, adding, “Take the plunge only if you feel like you’re better than everyone else, and what you plan to create will fill a gap.” Shilpa agrees, with one addendum: “You need to have foresight. If you’re impatient by nature, you are not cut out for this.” Neha maintains that the biggest ‘why’ is to be your own boss. “No matter what you tell yourself, even the best boss doesn’t give you the creative freedom you’ll give yourself.”

TO BE THE PERFECT ENTREPRENEUR...

“You have to be great at communication, people skills, and good at delegating tasks—don’t micromanage. Find people you trust and let them take the reigns from time to time,” says Shilpa.