What does it take to be an entrepreneur? For one, you need not have all the answers.

But what you need to have is "A fine sense of what you know and what you do not," according to Rajat Gupta, the worldwide managing director of McKinsey & Co. Inc., the $3 billion plus management consultancy.

"You can only do so much yourself - you have to have other people and get a team going to help you succeed. The greatest value comes from building things that last.

And the "best way to go about doing things is to create one customer at a time,who will then be fundamental basis of reference."

But, more than the steps that you take to be an entrepreneur, the important element is what you do with your legacy.

"Giving back is even more gratifying - there are so many different ways you could give back."

Gupta was delivering the keynote address at the launch of the Dubai chapter of The Indus Entrepreneurs (TiE), a not-for-profit organization spawned by Silicon Valley-based entrepreneurs from the Subcontinent.

Its primary role is to develop and promote a culture of entrepreneurship through assuming a mentoring role for future aspirants.

Earlier, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, chairman of Dubai Technology, E-commerce and Media Free Zone, opened the Dubai chapter of TiE.

Source: Gulf News, Dubai