Do not take advice from everyone: Arvindkumar Alagarswamy, Founder, Attune Technologies

One of the panel members at a recently-held healthcare event organised by Helion Advisors was Arvindkumar Alagarswamy, CEO and founder, Attune Technologies Pvt Ltd (www.attunelive.com). After the event, I asked Arvind what his message would be, for new entrepreneurs. He had four diktats to offer, as follows.

FailureThe first thing is fear of failure. Generally, a person doesn’t pursue the passion because of the fear of failure. It is a very natural phenomenon. The first thing that the person has to do, therefore, is to fight back such a fear, and fight very hard.

Advice

Do not take advice from everyone. Figure out who you can take advice from. It is a big issue, because a lot of people are there to give you advice but at the end of the day you are trying to do what you are trying to do because there are not many people who have tried, that is, been there and done that. Very often people get completely misdirected because of this. So, you have to be very clear in terms of whom to take advice from. Everyone has opinions and advice, but you have to be very careful about who you take advice from.

Money

Money is not the reason not to do business. This, we will have to be very clear about. Money will follow good business model. You have to be absolutely convinced about it. There are millions of stories that prove whatever I am saying. So, just because you don’t have money, let it not be the reason why you should not do things. If you have the model, and you think it works, go and test it, and money will follow you.

Start

Start doing things. Many times, people don’t do things. They do analysis, keep doing analysis, and that becomes a big paralysis, taking a long time. So, start doing things. You will get immediate feedback. Correct things. Failures are okay, as long as you don’t make them again. If you don’t make the same mistake again, you are still okay.