Don't wallow in brainstorming. Time spent fiddling with a business plan or filling up whiteboards with ideas is time that you could spend actually launching your business and seeing if the idea floats. Launching gives you real, solid feedback, instead of the imaginary 'what if' scenarios dreamed up in a conference room.
Philanthropists can learn important lessons from business entrepreneurs. They both spend their time solving problems. And to be successful, they both must overcome physical challenges and create self-sustaining operations. And ultimately, they must allow people to take action for their own benefit.
Today, people idolize athletes and celebrities - and yes, highly successful and visionary business people like Bill Gates or Steve Jobs, but not the innovators who perhaps have not seen such high-flying levels of success. Can anyone name the inventors of GPS, which has such a huge impact on our lives today?
Just think of the opportunities we can unlock by making education as addictive as a video game. This type of experiential, addictive learning improves decision-making skills and increases the processing speed and spatial skills of the brain. When was the last time your child asked for help with a video game?
I started off with a company, InfoSpace, with my own funding. The company was listed among the most successful companies and I went on to start Intelius and Moon Express. Now, I focus my time on using the skills of an entrepreneur to solve many of the grand challenges facing us in the areas of education, healthcare, clean water and energy.
During the launch of the 'Ama Gaon, Ama Bikash' scheme, I directly spoke to women representatives from the interior villages of Sambalpur and Narayanpatna. From the way the women explained the issues pertaining to their villages and their collective needs, I understood that women empowerment has reached even the grassroots of the democratic setup.
Odisha faces natural calamities almost every year. The assistance we get from the Centre is mostly for temporary restoration of infrastructure. We have to spend a lot from state's own funds to work for the long-term. This puts too much stress on our finances. Precisely for this reason, Odisha should be considered for special category status.