2024-A Year That Has Been
Upkar Raut - (C.Eng-India)
Entrepreneur | Design Thinker | Strategist | Executioner | Turnaround Agent | Business Development Expert |
Entrepreneurship is a journey of constant learning and reinvention. It’s a rollercoaster of emotions, where moments of clarity are often followed by periods of uncertainty, and the road to success is rarely a straight line. But it’s in the unpredictability that true innovation emerges. This year has been no exception. Here are some of the major learnings of 2024, the year that has been quite exceptional, and intriguing with a lot of re-discovery …..
Clear the Clutter
One of the most powerful principles I’ve come to live by, both as a founder and in my personal life, is Little’s Law. At its core, it’s deceptively simple: The more tasks you take on, the less impactful each task is likely to be.
We’ve all been there—caught in the whirlwind of endless to-dos, trying to keep everything moving. It’s easy to think that by spreading ourselves thin, we’ll accomplish more. But what tends to happen is we end up delivering less and with lower quality. This is where Little’s Law steps in: it teaches us that doing less with more focus often leads to better results.
Whether it’s spreading yourself too thin at work, managing competing priorities, or trying to juggle a dozen different projects, the principle is the same: When we have fewer tasks to focus on, we can deliver deeper, more impactful results. This isn’t about being busy for the sake of it—it’s about prioritizing the tasks that matter most and doing them exceptionally well.
So, next time you’re tempted to take on more, ask yourself: What’s the one thing I can do that will truly move the needle? And focus on that.
In business and life, the real key to success is not doing more, but doing less—and doing it better.
Keep it Precise and Concise
In any meeting—whether it’s in person, on a call, or over video—keeping things short and focused is critical. It’s all too easy for discussions to drift away from the core agenda, and the more people involved, the more this happens. In virtual meetings, it’s even harder to steer the conversation back because you lose the subtle cues from body language that help keep everyone aligned.
As an entrepreneur, your time is your most valuable resource. Every meeting, every conversation, is an opportunity to move things forward, so it’s important to make sure that you’re not just filling time, but using it wisely.
When the conversation starts to veer off track, be candid yet respectful in guiding it back to the main point. Don’t shy away from gently but firmly refocusing the group on what matters most. In doing so, you’ll ensure that everyone’s time is respected and that you’re consistently moving toward what really matters.
Be Alert outside of your domain
When you’re working to solve a burning pain point, it’s easy to become entrenched in your own approach and dogma. You focus so much on your idea that you miss out on the broader business landscape—the trends, shifts, and opportunities that are unfolding around you.
As an entrepreneur, you don’t need to be constantly venturing into new businesses. But staying informed is crucial. Being aware of what’s happening in the wider market, understanding emerging trends, and learning from others can give you an invaluable edge.
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A person who can turn data into wisdom—who understands the bigger picture and can connect the dots—will always have the upper hand. In the long run, the ability to stay informed and apply that knowledge is what sets the best entrepreneurs apart.
Don’t burn out
In business, you’ll always face both good and challenging times. During the tough periods, it’s easy to fall into the trap of working longer hours, thinking that extra effort will be the answer. But when you sacrifice health, family, mental peace, and sleep, the long-term costs outweigh the short-term benefits.
Over time, you’ll realise that putting in more hours doesn’t always translate into greater results. The real value comes from maintaining balance—having the energy to think clearly, make better decisions, and sustain momentum over the long haul.
It's about recognising that the cost vs. value curve doesn’t always favour the grind. Work smarter, not harder (longer), and be mindful of what really drives long-term success.
Invest in Mental Stimulation
One of the most striking observations I’ve made in my entrepreneurial network is that the most successful founders are often the ones who, even when they were employees, were thought leaders. They didn’t just meet expectations—they consistently exceeded them. They were always thinking beyond their roles and looking for ways to grow and improve.
They also took care of their minds. They read books, attended workshops, and sought out conversations with people outside of work. They maintained a small circle of close, long-term friendships. These habits gave them the mental clarity and resilience needed to make the leap into entrepreneurship.
Once you become an entrepreneur, it’s easy to let these activities fall by the wayside as the demands of the business take over. But it’s crucial to continue prioritizing this personal development. When you engage with people—whether through discussing business, ideas, or even just books and articles—it keeps your mind sharp and your mental health in check.
The phrase "knowledge is power" is often quoted, but remember, knowledge isn’t just found in books. The greatest skill you can develop is the ability to connect with others, learn from them, and integrate those lessons into your own life and work. That’s what truly drives growth and success.
In a nutshell, the key to long-term success as an entrepreneur is to keep doing what made you successful in the first place. Whether it’s your mindset, your ability to spot opportunities, or your passion for solving problems, those are the things that define your approach. As you grow, don't lose sight of what got you started — it’s those fundamentals that will help you adapt, stay focused, and continue moving forward.
I want to sincerely thank you for taking the time to read through the article. I'm really glad you found it helpful, and I truly appreciate your engagement. If you have any further questions or thoughts, don't hesitate to reach out.
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2 个月Insightful & interesting, entrepreneurship is a rollercoaster ride, keeping it simple & implementable will give real thrill of life.
Product Owner | Business analyst | Product Management
2 个月Upkar Raut - (C.Eng-India) So glad to know all these... looking forward for more such learnings
Empowering Leaders & Driving Success | Author of “Move Fast or Move Over“ | Certified Executive Coach | PCC | Consultant | Leadership Development | Performance Management | Talent Management Expert | Design Thinking
2 个月Well said ...especially the part on investing in personal development is so critical.
National Sales & Marketing Head MEP & Mega
2 个月Nicely done