Business is in fashion across drawing rooms these days!

Reading news of companies and platforms raising millions and billions of dollars has sure got the average Indian interested. There are regular discussion happening over these topics across age groups and everyone wants to know how do these hotshots get built…

Over the past few months, I am in the process of building up my new business. During this time, I have often thought about what makes a business venture successful and how do entrepreneurs succeed. And specially how to build once such company!

I must confess when I started out, I thought it was all about hard work and some luck. But as my journey has progressed, I have realized it’s all about how to manage people…

People management is the mantra to run a business successfully. If I can manage people and build a great team that shares my passion and belief, the business will scale and do well. The execution of the idea shall be as planned and success will be a formality.

Even in jobs, if someone is a good people manager, he or she will automatically do well and excel in the chosen field. Most successful managers I have read about seem to have this trait in common…

In fact, I was reading an article about how Richard Branson, one of the greatest entrepreneur of our time, has scaled up his empire. He mentioned one very simple thing – “I hire good people, leave them to run the business and trust them to do their best. It frees up my mind and gives me time to think about the future.”

A great example of great people management leading to greatness for the founder and group companies!

However, most people neglect this aspect when they are figuring out things in their professional life. They treat others with contempt or neglect the human angle and in turn this gets ingrained in their behavior, leading to future fallibility.

If we also become as steadfast about the all important human aspect as Richard Branson, more companies and empires as vast and efficient as Virgin can be built!