Entrepreneur Stories
Mukesh Ambani – Life Lessons
We often hear stories being told about children inheriting their parents’ fortune, yet relatively few are told where children take their parents’ dream and turn it into the most profitable venture in the world. When one looks at the path taken by Mukesh Ambani, this is exactly what they will say.
From textiles to polyester strands and further into petrochemicals and oil refining, he made numerous new world class fabricating offices. He took over the Indian telecommunications market when he launched Reliance Jio in 2016.
Mukesh Ambani has been India’s richest man for the past decade and as of March 2019, he is the thirteenth richest man in the world. Here are a few things we can learn from his life.
1) Let your work speak on your behalf
On the off chance you ask Mukesh Dhirubhai Ambani to share his secret of success, he may say extremely few words. Since the man is among the individuals who are ‘doers’ and not ‘talkers.’ The business tycoon usually keeps a low social profile and yet, he is one of the most talked about people in the Country. Ambani’s focus has always been on his business and he is credited for building the largest empire in Asia. Need we say more?
2) Dream big
Just like his father Dhirubhai Ambani, Mukesh Ambani also likes to dream big in business and in life. Back then, Dhirubhai Ambani dreamt of becoming the largest producer of polyester fiber and yarn in the world and he actually did it. Now, his son has taken over Indian oil and gas market and Indian telecom market with this very attitude. Needless to say, his billion dollar skyscraper house is also a result of dreaming big.
3) Depend on yourself
Ambani, in an interview, said he did not want “people carrying their wisdom in notebooks as if it some kind of secretive operations.”
Though he learnt to trust a few people over the years, Ambani constantly accentuated on the significance of being associated in one’s own business. He always trusts his own instincts and knows nothing can match the aspects of self learning and perseverance.
4) Hunt for new ventures
Mukesh Ambani is constantly on the hunt for new opportunities. It always pays well to observe and understand your surroundings. You may have created the best product or service, but there is always a chance a new product or service could outdo yours. It is better you keep your eyes wide open for any new venture or opportunity which may come your way.
5) Stay strong, don’t panic
Mukesh Ambani joined his father’s business at a very young age and while he was still in the process of learning the business, his father passed away. This did not shatter him. Ambani gathered all his strength and steered Reliance Industries Limited to become the biggest Asian company. Mukesh Ambani strongly believes that strength and perseverance can bring you out of any hardships.
Mukesh Ambani is one of those names whose accomplishments in the business world is a testament to India’s rise as a business power. A man with no capital, no associations and no Ivy League degree demonstrated to the world what is conceivable with grit, resilience and diligent work. Year after year, Reliance Industries only continues to become bigger and better. With this kind of work, Ambani will soon be among the top 10 richest people in the world.
Comment below and let us know which of these lessons inspired you the most.
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