Yesterday during the interaction with student entrepreneurs at Nirmala College, I met a student who started his business while being in college. His story is like this:
He thought that he has passion and acumen for photography. He purchased a low-cost camera to start his photography business. Subsequently, he made some money and invested in buying a professional DSLR with the investment of Rs. 80,000 from his profit. Now, he has a dream to setup his own studio.
My own journey as an entrepreneur started with little bets. Selling books, computer stationery, side projects. I call it little bets for a small win to gain the confidence you need to inroad for a giant leap.
Little bets are concrete actions taken to discover, test, and develop ideas that are achievable and affordable. They begin as creative possibilities that get iterated and refined over time, and they are particularly valuable when trying to navigate amid uncertainty, create something new, or attend to open-ended problems.
If you have been thinking about starting up something big, start placing little bets today to experience small win and a big confidence boost. I bet you to place little bets today…