Summary:
Mr.
Murthy advised entrepreneurs to be intellectually honest and never to gloss over mistakes. “Mistakes are bound to happen, but what is important is how fast you fix them. For instance, we gave up on fashion products at a time when they constituted 25% of our business. “That is when you have to be very cautious and ask whether you are running the business the right way,” he said. When you gloss over those mistakes, they will come back to bite you,” he warned..