Xiaomi IPO What Entrepreneurs can Learn

What can you learn from the Xiomi IPO  story? Do you believe in fairy tales? About finding jackpot full of gold under the mango tree ? If you don’t maybe you should start believing in fairy tales!

Xiomi has filed for a first public offering and the valuation is making people ecstatic. The listing may raise $10 billion. Fifty six  Xiomi employees had pooled together eleven million to help support and invest in the startup. The employees who had believed in the vision of the founders will be rewarded now. Their smart work will make them rich now.

Today their stake is worth billions. The soon to be billionaires include a receptionist and early engineers
who believed. Interestingly the investment was limited at a moderate amount to prevent employees taking out high-risk loans to invest. This was an ethical move by the company.

9 Things Entrepreneurs can learn from the Xiomi IPO deal

1. Have a really good idea and be willing to put in the hard work.
2. Recruit sincere hardworking smart people who will be able to take calculated risks. For this, have them take a psychological assessment test. It helps to avoid unnecessary clashes.
3. Make employees stakeholders to a part of the company shares. It helps improve retention, loyalty and better quality of work. When people know they are no trading just money for hours but building for future they work harder.
4. Get support from like-minded friends families colleagues. Lower your risk margins.
5. Bootstrap, have a solid financial plan. Plus a backup plan B and C.
6. Market test your idea.yes we know brilliance can’t wait .but patience is a necessity in this game.
7. Take Government help.
8. Be honest .
9. Take care of health, wealth and wellness of employees.

Make something great and things will fall in place or at least you will have a super story to tell.