Ritesh Agarwal, who appeared on the Shark panel in Shark Tank India 3, is the founder of OYO and a self-made billionaire who doesn’t have any fancy business degrees from the top notch B-schools of India or abroad

Ritesh Agarwal, who appeared on the Shark panel in Shark Tank India 3, is the founder of OYO and a self-made billionaire who doesn’t have any fancy business degrees from the top notch B-schools of India or abroad

However, these are the 10 successful business tips followed by Ritesh Agarwal to become a self-made billionaire-

However, these are the 10 successful business tips followed by Ritesh Agarwal to become a self-made billionaire-

1. Fail fast, learn from them, don't repeat the same mistakes and keep improving each time

1. Fail fast, learn from them, don't repeat the same mistakes and keep improving each time

2. Your success is always about your ability (Kabiliyat) and not about luck (Qismat)

2. Your success is always about your ability (Kabiliyat) and not about luck (Qismat)

3. If your execution of business strategies is spot on, you can scale in any industry even if it is crowded or dominated by multiple players

3. If your execution of business strategies is spot on, you can scale in any industry even if it is crowded or dominated by multiple players

4. 2 C’s all startups must focus on - Cashflow and customers. If you don't have enough customers or focus on getting more customers early on in your journey, no amount of funding will fix the cash flow issue

4. 2 C’s all startups must focus on - Cashflow and customers. If you don't have enough customers or focus on getting more customers early on in your journey, no amount of funding will fix the cash flow issue

5. Embrace and find joy in every facet of your entrepreneurial journey, no matter how seemingly small

5. Embrace and find joy in every facet of your entrepreneurial journey, no matter how seemingly small

6. It is never too late to start all over again - all it takes is some courage.

6. It is never too late to start all over again - all it takes is some courage.

7. As a leader, it's important to be real & honest; you don't have to pretend to have all the answers all the time. Admitting 'I don't know right now, but I'll figure it out' is a mark of genuine leadership

7. As a leader, it's important to be real & honest; you don't have to pretend to have all the answers all the time. Admitting 'I don't know right now, but I'll figure it out' is a mark of genuine leadership

8. If you think you are the smartest person in the room, you are probably in the wrong room. Get out of your comfort zone and be around people who make you think harder

8. If you think you are the smartest person in the room, you are probably in the wrong room. Get out of your comfort zone and be around people who make you think harder

9. There is no infinite capital in the world that can sustain any company which doesn't make money. Whether it is Day 1, Day 100, or Day 1000 - never lose sight of profitability

9. There is no infinite capital in the world that can sustain any company which doesn't make money. Whether it is Day 1, Day 100, or Day 1000 - never lose sight of profitability

10. As an entrepreneur, you should never gate keep any information from your team. Instead, foster an inclusive environment that encourages open communication and collaboration.

10. As an entrepreneur, you should never gate keep any information from your team. Instead, foster an inclusive environment that encourages open communication and collaboration.

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