Sunil Bharti Mittal and Entrepreneurship
August 22, 2011 27 Comments
Dr.Sunil Bharti Mittal, Padma Bhushan ,was born in Ludhiana.He is a first generation entrepreneur. His father is the late Sat Pal Mittal MP.
Mittal’s first venture was making crankshafts for local bicycle manufacturers.He started in 1976 at the age of 18, with a capital investment of 
20,000 borrowed from his father. Within three years he had set up two more plants, one that turned out yarn and the other stainless-steel sheets used for surgical utensils.
The initial days proved to be difficult and he earned very little from his businesses. But he kept at it.His businesses required him to travel a lot — sometimes, with very little in his wallet. In those days he travelled alongside his goods at the back of trucks. Travelling by air was out of the question — a train ticket was all he could afford. Hotels were out too — small hostels and clubs were what his budget allowed. He put in 16 to 18 hours each day, but his business just didn’t take off. So after mulling over other possibilities, he changed track. Read more of this post
1. Having money is better than not having money.
For a while now I have been expecting the stock markets to tank and keeping aside a lot of cash to go bottom fishing. I thought that the S&P downgrade of the US would be the trigger event.However as things panned out,at the time the markets didn’t slide as much as I expected.But in the time since then my expectations have come to pass.Meanwhile I’ve been assailed by doubts so often during this time that I’ve considered just rushing in and buying stocks for fear that I might not get a lower price.The video below also added to my doubts at the time but it has also given me a way to deal with doubts for all time.I just have to remember
wealthymatters 