“Breaking up with people or parting ways at the right time because I took much longer because I was attached. It's the worst thing that an entrepreneur can do to an enterprise or to a team if you become attached to it.”
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More from Pankaj Bansal
Opinion
Bansal: Every Startup Should Raise External Funding Rather Than Bootstrap
“I believe that everyone should raise funding. And my simple reason for that, because you cannot run factories on cashflow you will compromise growth, which is very, very important. So you must do it. And number three, you cannot really attract good teams. If y…”
Pankaj BansalJul 15, 2019▶ 16:07100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
AssertionNot checkable as stated
Bansal: PeopleStrong Has Crossed a $100 Million Order Book Milestone
“We, we've crossed hundred million dollars order book, which will be probably largest for any company in India in HR, HR technology space.”
Pankaj BansalJul 15, 2019▶ 6:26100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Insight
Bansal: Admitting Vulnerability Brings Investors' Long-Term Support Despite Initial Anxiety
“Investors may for one month feel a little jittery, but eventually they will stand with you and they will guide you. They've been there. They've seen that.”
Pankaj BansalJul 15, 2019▶ 19:13100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Insight
Bansal: Networking Without Expectations Yields Twofold Value Over Time
“If you are not looking at something in return, and if you're just meeting for the joy of meeting, and if you can give and share, you should, I think that's what I do, which has helped me. And it has come back in, in twofold to me.”
Pankaj BansalJul 15, 2019▶ 5:44100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Insight
Bansal: Introducing Systems Too Early Kills Agility; Delaying Them Destroys Scale
“If you hire or build in systems too early, you take away the birthright of a company, but if you delay the systems too long, you take away the destiny.”
Pankaj BansalJul 15, 2019▶ 9:39100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
Insight
Bansal: Founders Must Decisively Cut Underperforming Products and Toxic Relationships
“I have learned, you need to know when to kill a product. You need to know when to part ways with a person. It can be an employee. It can be an investor. It can be a friend. Because those are the toughest things or toughest decisions because you're attached to …”
Pankaj BansalJul 15, 2019▶ 10:42100xEntrepreneur | Episode 5 | Pankaj Bansal, Founder and CEO PeopleStrong
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