TY  - SER
AU  - Mohanty, Laxman
TI  - First Generation Entrepreneurship
PY  - 2005///
KW  - Managerial Issues
KW  - Operational Issues
KW  - Socio-Psychological Dimensions
KW  - Operational And Managerial Issues In Ent
KW  - Socio-Psychological Dimension Of Entrepr
KW  - Entrepreneurshipip Research
KW  - Sixth Biennial Conference On Advances An
KW  - Biennial Conference Papers
N2  - First generation entrepreneurship is difficult owing to lack of support of relevant knowledge base and  network. Though the journey is difficult it is nevertheless very enriching. Many business realities and lessons are realized while experiencing them first hand. The paper describes the lessons the author gathered as a first generation entrepreneur. Lessons included individual skills like recognizing your strength, following the dreams, believing in intuition, not neglecting soft skills, and handling your ego. Some of the other lessons that the author learnt focused on organizational aspects like importance of vision, avoidance of complacency, looking for bigger things, adopting transparency, promoting democracy, empowering people, promoting team work, criteria  for recruiting, and giving stress on proper documentation etc. It is hoped that such lessons would make would be entrepreneurs and young leader-managers better prepared to handle several business issues
ER  -