Written By Puja Bhardwaj
One of the biggest business tycoons of India, Mukesh Ambani, is an inspiring leader and a prominent figure in the global business world. He has successfully led the multi-billion-dollar Indian conglomerate, Reliance Industries, which was established by his father, Mukesh Dhirubhai Ambani, in 1980.
Well-known for his exceptional entrepreneurial spirit and visionary leadership, Mukesh Ambani inherited the entrepreneurship legacy from his father. Mukesh Ambani’s leadership style is characterized by his strategic vision, prompt action, and solid work ethic.
He always leads by example and focuses on creating an inclusive and collaborative workplace culture. Aspiring business entrepreneurs and emerging leaders can learn a lot from Mukesh Ambani’s story and leadership approach. We are listing several significant business lessons from Mukesh Ambani.
1. Talk Less, Work More
Mukesh Ambani has always focused on creating things silently. When he built the world’s largest petroleum refinery at Jamnagar in Gujarat, he did not talk about it, but he kept on working hard. Like this, he achieved numerous successes. The quote by Israelmore Ayivor, “Talk less, do more,” perfectly sums up Mukesh Ambani’s unique approach.
He always avoids any scandal in the media and unnecessary branding. While Mukesh Ambani is one of the most talked-about personalities in Infis, he does not believe in promoting the coverage he receives. Rather, he always focuses on his work.
2. Money Is the Byproduct of Your Success
One of the crucial business lessons from Mukesh Ambani is to consider money just a byproduct. While this is quite a famous concept, we have heard it multiple times. Many successful business leaders have said that chasing money alone won’t guarantee success. Mukesh Ambani’s father, Dhirubhai Ambani, believed the same, and when they established and grew Reliance, Mukesh followed his father’s every lesson.
The advice actually worked for him. Present-day, his company is successfully thriving with over 25,000 people and shares its success with 3 million shareholders. New business leaders must learn from him.
3. Treat the Investor’s Money Carefully.
While in the present startup culture, most businesses treat investors’ money like their lottery money, they should learn from Mukesh Ambani’s thought process. He believes in treating investors’ money even more carefully than the billions he has amassed.
It is quite difficult to know what came before him: his investors’ money or his runaway success. This is more like a chicken-and-egg situation, but surely Mukesh Ambani is someone who goes hand in hand with huge investor confidence.
4. Trust but Don’t Depend on Anyone
Once Mukesh Ambani said that he did not want “people carrying their wisdom in notebooks as secret operations”. He trusts people a lot to offer them opportunities. He leads a team of a few close, trusted people who hold major company responsibilities. But he also emphasises the fact that we should not depend on anyone.
He often encourages the new business leaders and entrepreneurs to be involved in the business so that they don’t rely on others for their own business success.
5. No Substitute for Hard Work
The least popular and least glamorous business lesson younger leaders can take from Mukesh Ambani is hard work. Nothing can beat the old-fashioned hard work if you want to win. When you start your business ventures, you will have to work at it to make it a success. Today, Reliance Jio is the top telecom brand; it seemed to come instantly and launch almost overnight.
But in reality, there were months and years of hard work, dedication, knowledge, and experience that went into a successful launch. Further, there were infrastructure, contracts and connections that played a pivotal role in reality. Mukesh Ambani put it best: “Remember that there are no overnight successes. You will need to be dedicated and single-minded, and there is no substitute for hard work.”
So these were some important business lessons from Mukesh Ambani that every business leader and entrepreneur should know and follow to tackle their challenges and succeed in their business endeavours.
