10 Entrepreneurial Lessons from Rajasthan Royals
1.Always start with a low cost operation : when you are a new player , keep your operations low cost . Run a tight ship (remember the 1st edition , Shane Warne was coach , mentor and capt all rolled in one) . Dont emulate your competition by matching up to their big pockets when you cant afford to . Just because your competition does it doesnt mean you have to do .
2.If you are the owner then be there : look how shilpa and raj are there at every fixture . If its still start of the business the owner entrepreneur needs to be seen with the team . Doesnt mean you supervise things but being there sends out a clear message to the team ‘ we are there and we care ‘
3.Get a Good CEO to run the ship : Remember Shane Warne and now Rahul Dravid , go out and find out the best in the business and hire them . Give them the freedom and watch them perform.
4.You dont need stars to be up there in the sky : Remember the first edition , Shane Warne lead a team of young talent to win the trophy . Names like Swapnil Asnodkar and Sohail Tanveer became house hold names.
5.Search , Groom and Promote young talent : Todays stars like Ravindra Jadeja ( Sir Jaddu ) and Yousuf Pathan all started in RR . Today they have upcoming stars like Sanju Samson , Dishant Yagnik and Manmeet Singh.
6.Have a blend of talent and experience : Today the team that delivers is a good balance between young talent and old experience . So while you have Shane Watson and Brad Hodge playing along with Stuart Binny and Sanju Samson.
7.There is no fixed formula for success : Look at the way RR experiments with its line up changing positions of key players . Experiment till you get the combination right . Just because something worked in a certain situation doesn’t mean it will work . If you are a tight ship it’s always better to build multifaceted talent . Which team could dare to select someone like Pravin Tambe at the age of 41 and who hasn’t played a single first class match . Never fear to experiment
8.Play the underdog tag : Look how smartly RR plays the underdog tag so as to shift pressure on the big boys . Leave the orange caps and the purple caps for others , let everyone perform . Keep the opposition guessing not knowing who is going to come out and perform today .
9.Be strong in your own backyard : RR’s record on its home ground is impeachable . so if you are a young company consolidate your position on your home turf . Dont let competition
10.Shit Happens : you may find a few bad eggs on your journey to success . Don’t let it bother your team . Talk to them on a one on one basis just like Rahul did and tell them to put it all behind. Remind them of the values the team stands for and convince them that nothing succeeds like success .