Falguni Nayar: “Make Choices Based On Passion”
After 19 years as an investment banker with Kotak Mahindra Capital, Falguni Nayar finally took the entrepreneurial plunge in 2012 with her dream project, Nykaa. In just four years, the beauty e-commerce company has raised two rounds of funding amounting to Rs 80 crore and a catalog of some of the best premium beauty brands available online. With the beauty industry pegged at a staggering Rs 50,000 crore in India, it’s no wonder that her smart leadership has helped the company evolve and adapt to success so quickly. An MBA from IIM Ahmedabad, Falguni has received many accolades throughout her career, including the FICCI Ladies Organization (FLO) award for the top woman achiever in the field of banking, and the Business Today award recognizing her as one of the top 25 women in business.
1. Don’t be afraid to lean in
There will be many times when you’ll question your ability to carry out a task, or whether you have the right skills or experience. Don’t be afraid. You are capable of far more than you think.
2. Set the right example
Work culture starts with you. Your team will follow your example.
3. Geek chic is the right kind of chic
Embrace technology. It will allow you to scale beyond your imagination.
4. Learn how to cut a deal
Don’t be afraid of negotiating. It’s an essential part of an entrepreneur’s role.
5. Network like a pro
Network in your own way and on your own time, but network. Building strong professional connections will be the cornerstone of your professional career.
6. Go with your gut
Always trust your instincts. It will guide you far better than you can imagine.
7. Find your balance
Nurture both your personal and professional life. They will both require patience and persistence to prosper.
8. Always prioritise
Multitasking is all about juggling priorities. Sometimes spending time with your children will be important, sometimes it will be the business trip. Never over-balance either.
9. Keep evolving
The mistakes you make will be the stepping stones to success. Use them as reflection points to constantly improve.
10. Follow your passion
Lastly, but most importantly, make choices based on passion. You will only be able to commit to a task and see it to its success if it excites you.