If I told you India’s wealthiest businessman is a college dropout, you would probably laugh at my face. But Mukesh Ambani did leave his MBA Degree from Stanford University in 1980 to help his father’s growing business- a small textile manufacturing company in 1966. Under Mukesh’s guidance, the company saw itself growing exponentially. They ventured into different businesses and was later renamed Reliance Industries.
Today, $92.3B
Real Time Net Worth
as of 12/10/22
#8 in the world today
2022 Billionaires Net Worth
as of 4/5/22
Years of practice and perseverance have resulted in a massive multibillion-dollar company which can only be attributed to Mukesh’s never yielding determination. He is one of those businesspersons who believe in completing the task at hand rather than engaging in idle conversations.
So, without lingering much on the topic, here are 4 important lessons you must take from business magnate Mukesh Ambani presented to you by eminent Business Transformation expert Hirav Shah:
Table of Contents
4 Lessons to take From India’s Richest Businessman, Mukesh Ambani
Money comes with success
The business tycoon always emphasized the importance of having a productive business venture. Even his father, Reliance Industries’ founder- Dhirubhai Ambani, believed that chasing money alone can’t ever guarantee anybody a successful business. If you are doing business simply to earn money, it won’t generate much profit in the long run. Mukesh held on to his father’s vision and single handedly built a corporation with nearly 25,000 workforces and over 3 million stakeholders.
Avoid idle chatter
Mukesh Ambani is a man of few words. He doesn’t like to waste his time away by talking big. Instead, he believes in delving deep into his work and letting his achievements do the talking. I mean think about it, Ambani didn’t build the world’s largest petroleum refinery at Jamnagar in Gujarat by sitting idle. He likes to maintain a low profile and move swiftly. He doesn’t promote or prompt the coverage he receives. Ambani even tries to be less politically involved despite its rising popularity among modern businesspersons.
Value your employees
Truly, employees are the building block of a company. Ambani is well aware that it’s the employee’s single-minded determination and hard work that makes the company prosper. During the Future Decoded CEO Summit Ambani stated, “If in your leadership style, what you demonstrate (is) that if you have empathy and if you rely on partnerships and build trust and relationships, and if you think about every mistake as a learning opportunity, and if you believe that it’s not products or profit but really people and their continuous reinvention of capability, that’s the strength of the organization.”
Don’t depend on anyone
Although Mukesh Ambani has a legion of trusted employees and friends at his disposal, he never depends on others for his business credentials. He believes in self-learning and handling crises on his own.
Conclusion
Hirav Shah writes, “Almost every Indian on earth is more or less associated with the brand called reliance, be it their cell/data services, consumer products or chain retails shops. Reliance has made a significant impact on the economy thanks to Mukesh Ambani. It won’t be an exaggeration to say that Ambani poses as a major stakeholder in the country’s development.”
One must remember that Ambani didn’t acquire overnight success by manifesting it. He worked hard for it. “It is important to remember that there are no overnight successes. You will need to be dedicated, single-minded, and there is no substitute to hard work,” Ambani had once said. And I can’t seem to find any reason to disagree with it. His single-minded determination and the constant strive to up his game, makes him one of the greatest minds in the industry we have right now- concludes India’s favourite Astro Strategist Hirav Shah.
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