AD-FREE CAclubindia and Daily Mobile Updates. Subscribe Now!

LIFE LESSONS -OSCOR-LIFE OF PI

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)

26 February 2013

ANG LEE WINS BEST DIRECTOR OSCOR FOR LIFE OF PI

ALL ABOUT OSCOR AWARDS,

PLEASE FIND ATTACHED

Reply
Follow
Share

18 Replies

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 26 February 2013

Don’t put all your eggs in one basket

When Pi found Richard Parker on the life boat, he got scared and threw all the supplies in the lifeboat to a makeshift raft and tied it to the life boat and decided to shift to the raft. At that moment, it looked like the wise thing to do, without taking into consideration greater dangers, still unknown to him. When the breaching whale appeared at night and upturned Pi’s raft throwing all his supplies to the water, Pi realized, living with Mr. Parker on the boat may be a better option. While starting up, resources are typically scarce and it’s important to guard them and stop leakages or losses. It’s good to have one secure base and address the market. Entering unknown and uncharted territories without adequate research and throwing resources at the market and not protecting your own backyard could be a deadly mistake, few startups can afford. Also, if you have limited resources and there are multiple products, fighting for the same resource, it’s better to spread your resources across groups to reduce dependency on 1 product to succeed, which is a low probability in a highly uncertain startup environment. In life, whether you’re investing for a secure and a better future, it’s good to spread your resources across various available options. For career improvements, consider skill enhancement and be aware of the job market realities and don’t just tie yourself to your current Company, to stay relevant in the long run.

Having a plan is essential, not optional

When Pi was thrown into the Sea on the lifeboat with limited stock of resources after his ship capsized, he had to make a plan to survive the uncertain and indeterminate period in the harsh seas. Fortunately, he found a handbook to help him plan for the time on the lifeboat. If you’re an entrepreneur, think of the handbook as your business plan. It’s important to keep it handy and work according to the plan and of course, keep referring to it, when you’re in doubt and monitor progress as you go along. Probably, the most important resource for an entrepreneur is money and in the beginning, when income is low and uncertain, an entrepreneur needs to make sure, the money (resources) lasts till revenues kick in or next round of funding (help) comes in the choppy waters of entrepreneurial journey. In life also, continuous planning for different stages of your life, and not only during the difficult days, when resources are low, will help you live a good life.

2 Like

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 26 February 2013

Keep moving

When Pi reached the mysterious floating island of carnivorous algae inhabited by meerkats, it seemed like, he has reached an oasis of life with bountiful food, water and shelter. But, it probably symbolizes the idea of settling for something average when there could be something much better in store. But, covering the last mile is often the most difficult part of the journey when body and mind wants to give up. Also, it could potentially be a dangerous compromise fraught with dangers, just like living in the island which turns carnivorous at night. In life and business, it’s important to keep moving and not get complacent with interim success, related to reaching some milestones. It’s important to keep an eye on the final destination. Pi kept looking for signs like observing the meerkats running for high ground or finding the tooth inside the flower. An entrepreneur also, has to keep his ears close to the ground and constantly keep evolving and updating his product by launching new versions or even launching new products to address new gaps in the market. Sometimes, it may also mean, changing the business model or exiting the market, if the market dynamics necessitate such an action.

Don’t give up

Life Of Pi is a story of perseverance and a story of not giving up, even in the harshest of conditions. Pi didn’t give up hope and he kept moving. Whether it’s the black sea or the dark clouds or the ominous waves or the hungry predator as company, Pi never gave up hope of survival. Similarly, for an entrepreneur, it’s important to remember, that the darkest days are not going to last. It’s important, not to give up on your dreams and give up on life. So, the days, when you are down and in state of despair and almost on the verge of giving up, you must remember, that this stage like everything else in life is only temporary and this too shall pass. There are times, when it may seem like you have tried everything possible within your means and there is only a little more that you can do. In those hours, it’s important to remember, that there is someone watching out for you and you’re not here without a reason. There will be always some opportunities like the flying fish for food or rains for drinking water or the floating island for a bit of rest and respite, which will sustain you, till you reach the shores of success, provided you don’t give up.

5 Like

@VaibhavJ (Believe!! Live your dreams!) (33521 Points)
Replied 26 February 2013

Ganesh you rock mannnnnnn.........

Keep posting, Cheerz!!

(Guest)

Keep sharing..........

1 Like

Vandana Mulchandani (Finance Manager ) (9227 Points)
Replied 26 February 2013

Thank you Ganeshbabu for sharing it....the movie overall is very motivating and inspiring....Keep sharing.

1 Like

CA Srikanth Yadav (Chartered Accountant) (3162 Points)
Replied 26 February 2013

DEEPA VYAS (CA ) (2039 Points)
Replied 26 February 2013

thanx for sharing....................

1 Like

CA Sanjay Bag (CHARTERED ACCOUNTANT) (3350 Points)
Replied 27 February 2013

Thanks for sharing...............

1 Like

Komal Thakur (CA Final) (925 Points)
Replied 28 February 2013

thank u sir fr the share :)

1 Like

Deepak Dargad (Chartered Accountant....) (9787 Points)
Replied 28 February 2013

NiCe Sharing............

One of the lessons which touched me somewhere was - When you co-exist, you need to learn that BOTh are in the same boat because both need each other. Given a choice - if one leaves - it breaks your heart, personally but professionally may be that made sense to the other person. Detach , move on!