It was a pleasure interacting with students of PGPX at Entrepreneurship Development Institute of India (EDII) at Gandhi Nagar, Ahmedabad. The topic was Passionprenuership - something that i have been following and building for myself as a Musical Motivational Speaker.
While most startups are built by identifying a business opportunity, creating a business plan, seed funding and execution, Passion based enterprises may emerge from sheer passion of doing something. Unlike pure opportunity led enterprises, personal stake and equity of the entrepreneur is involved and there may be no or little analyst reports and market studies available to guide the one's passion.
Students learnt the concept of passion, ways to identify it and ways for building a passion based enterprise. In the end, it was all smiles and willingness to meet again for a larger and more detailed session, sometime soon!
Here are a few key takeaways from the session:
#1 #Passion is an Emotional Force: Passion is an #emotional force. It is the essential rocket fuel that helps you keeps going on a good day, average day and a not-so-good day. It helps you hang in there so that you can improve your skills, overcome adversity, and move on.
#2 Passion doesn’t #guarantee #success: Lot of people think that passion is must for success. However, this is not true. Passion may give you an extra edge needed for success but in no ways does it guarantees you success.
#3 #Passion isn’t equivalent of #perfection: Often we tend to confuse that to be passionate you must be perfect at something. This isn’t true. Imagine you are passionate about photography. When you go ahead and click, some shots are good, some are great and some are not so great. That happens with everyone.
#4 Passion may or may not be commercially viable: How many Authors become J K Rowling or how many poets become Gulzar, how many cricketers become Sachin Tendulkar and how many singers become A R Rehman and how many beautiful ladies really become Miss World.
The joy of doing something should not be extrapolated to the commerce and hype success can bring to it.