Narayana Murthy's 5 success mantras for entrepreneurs

What five things should young entrepreneurs do to succeed?
I have talked about it in the book, too. The five things are:
1. You must have an idea whose value to the market should be expressible in a simple sentence, not a complex or a compound sentence. . .;
2. You must have a team that brings mutually exclusive, but collectively exhaustive set of skills, expertise and experience;
3. The market must be ready for your idea. If the market is not ready for your idea, doesn't matter how smart your idea is, you will not succeed.
4. You need a good value system, because entrepreneurship in the beginning is all about sacrifice, hard work, deferred gratification, disappointments. It is the value system that creates confidence in each member of the community that other members too are doing the same to make this company succeed. . .
5. You need funds. . . but that is easy, finance is not a problem.
What has kept the core Infosys team together all these years?
Clearly, the value system. We have always put the interest of the company ahead of our personal interest.
Even today whenever there is a discussion, the moment a person is convinced that this decision is in the interest of the company and that there is no vested interest in the person that is propounding that idea, then everybody stands up and salutes and . . . we go ahead. . .
How do you resolve differences?
We use facts, we use data. That is why we say, 'In God we trust, everyone else brings data to the table.
What does money mean to you?
You know, the power of money is the power to able to give it way it. You definitely need a certain level of wealth to take care of your material needs, no doubt about it.. housing, health, basic necessities. But beyond that the power of money is to make a difference to those people whose need is much greater than yours, to whom the value is much higher than the value that you can assign to the money you have, or for whom the difference will be much higher than what it is for you. So essentially, the power of money is the power to give it away. . .
My special thanks to rediff.com to published such a nice articale.