SparX by Mukesh Bansal

Start-up MasterClass with Kunal Shah

Oct 29, 2023
Kunal Shah, Founder of CRED, and Mukesh Bansal, Founder of Myntra and Cult.Fit, discuss topics such as risk-taking, goal-oriented mindset, navigating crises, and the influence of culture on entrepreneurship. They also touch upon personal growth, the importance of truth seeking, and the evolving dating culture in India.
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INSIGHT

Entrepreneurship Is A Crisis State

  • Entrepreneurship is a permanent state of crisis needing sacrifice of comfort but driven by strong goal orientation.
  • Big goals naturally bring crises that test leadership, resilience, and problem-solving continuously.
ADVICE

Use Deadlines and Ownership

  • Create artificial deadlines to foster focus and urgency in your team.
  • Clear ownership with defined responsibilities accelerates execution and filters for commitment.
ADVICE

Reflect on Risk and Setbacks

  • Reflect on your childhood risk-taking, rule-breaking, and curiosity as these shape your entrepreneurial ability.
  • Major setbacks can be channeled to fuel growth or destruction; choose to channel towards growth.
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