I was reading on write ups on successful entrepreneurs. I found that 95% of them are born in a middle class family. It is true that middle class upbringing(read save every penny, buy whatever is necessary, early to bed early to rise...) doesn’t change middle class values( no exorbitant salaries for employees, no fancy decors at office...). These values help entrepreneurs deliver when the chips are down. Recession no recession they survive with elan. The rich kids are not in tune with the ideals entrepreneurship stands for. They are not able to empathize with the people. They want to create a hollow image and live in that bubble. I know of a person who started an start up venture in the field of event journalism. Half the time he was partying, going on holidays. I have no idea how his start up is surviving.
On the other hand, I was reading about CEO of aspire systems who started in a modest fashion. Even-though he clocked his first million in the first year, till date he travels in his company bus everyday to office, all his employees take comfortable salaries. His company was able to withstand recession and grow robustly.
His mantra was: live a modest life and always plough back profits into the company.
Merry Christmas to all the readers of the blog . May god bless all of us.
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