For many entrepreneurs, mustering up the courage to step out on their own and launch a company is a daunting task.
It was less so for serial entrepreneur Tanveer Patel. She had come to the U.S. at the age of 19 following an arranged marriage to who is now her husband of 22 years. After coming to a new country and learning a new culture, taking the entrepreneurial leap wasn't so scary.
Of course, it also helps that entrepreneurship runs in her family. Her father ran a logistics company, and she says she wouldn't be surprised if her youngest son starts a company by the time he's out of high school.
Patel, who has built and sold several companies and turned around others, spoke with the BBJ for this week's Executive Profile about her startup strategy, her business philosophy and her growing latest venture, ConcertCare LLC. Subscribers can read the full profile here, but here is a preview and some answers we couldn't fit in print:
On her management style: When you are in a management role, people are looking up to you. You are like the pilot. When pilots do their job, they can't say, "I'll be 50 percent today or 70 percent today." They have to be 100 percent. So I feel many times, no matter what is going on in my life or what is happening, you have to be the pilot for your team and you have to lead and and you have to guide. It is very important to keep your cool and your balance and thinking so you can lead effectively.
On how she became an entrepreneur: I grew up in an entrepreneurial environment. My father was an entrepreneur and being raised in that environment has a lot to do with it. When I was 9 years old, I had thought I wanted to start my own business. I thought it was cool. I think I had that in me, but I didn't know I had that in me. It was there from childhood. At that age, I just wanted to own my own business. Just that feeling of doing something and creating something. I had seen it with my family. I was not afraid of it.