Mr. Nayan Raheja - The NextGen Entrepreneur, Money Indices 22nd January 2014

Mr. Nayan Raheja Executive Director of
Raheja Developers Limited 

It doesn’t matter how much wealth an entrepreneur makes. There are things of value that should be created, but are not particularly profitable. However, it is fortunate for the entrepreneur that things of value can usually be monetised in some shape or form. After all, money exists to be exchanged for things of value. Minting money isn’t the goal. It is the byproduct. It turns out to be a great by product because it can be reinvested to create more things of value. And I do believe if you make your customers earn money out of the money they have invested with you, be rest assured that you will remain an entrepreneur for all your life. It’s a give and take deal completely. 

Be honest to yourself and only then can you be truly honest with your clients. Why I say this? Because you’d rather be an under-achiever but over-deliver than the other way round – over-achieve but under-deliver. This goes for how you consult with your clients too: if you can’t go as low as their budget, then don’t; if you think your pricing is too much for the service you’ll provide, then re-evaluate; and lastly, don’t be a ‘yes-man’ as you may put yourself in situations which can be very embarrassing to get out of. Be prepared to say ‘no’. Top tip: Don’t choose to do a job simply based on the money being offered. Before doing something drastic, look whether you could have gotten that for a bit cheaper (or possibly free) by some alternate creative means.

AGE 30

THE FUEL

Optimism is the fuel of business ownership. It’s almost impossible to run a business, if you don’t truly, honestly believe that what you do matters, and that it’s going to work brilliantly (forever)

THE METHOD

Great businesses balance the sustainability of a solid balance sheet with the resilience of an awesome culture

THE THINKING

How you think about money and personal finance will reflect on how you deal with money and the ways you accumulate money

Source: Money Indices