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Come <keyword id="124343" type="UNKNOWN" weightage="100" keywordseo="Womens-Day">Women’s Day</keyword> on March 8 and we get bogged down in a flood of seminars and events, all proclaiming to know what’s best for <keyword id="2101992" type="UNKNOWN" weightage="100" keywordseo="Womens-self-development">women’s self-development</keyword>. But this year, we have decided to move away from the experts and talk with <keyword id="624" type="ORGANIZATION" weightage="100" keywordseo="Women">women</keyword>, whose real-life stories of <keyword id="2101993" type="UNKNOWN" weightage="100" keywordseo="Struggle-and-success">struggle and success</keyword> are bound to inspire all. In the first part of our Power Women series, <keyword id="824043" type="COMPANY" weightage="100" keywordseo="Business-Insider">Business Insider</keyword> India chats with <keyword id="484475" type="PERSON" weightage="100" keywordseo="Sramana-Mitra">Sramana Mitra</keyword>, an <keyword id="2101987" type="UNKNOWN" weightage="100" keywordseo="entrepreneur-and-a-strategy-consultant">entrepreneur and a strategy consultant</keyword> in <keyword id="6357722" type="COMPANY" weightage="100" keywordseo="silicon-valley">Silicon Valley</keyword> since 1994. Her fields of experience span from <keyword id="2101994" type="UNKNOWN" weightage="100" keywordseo="Technology-disciplines">technology disciplines</keyword> like <keyword id="145965" type="TECHNOLOGY" weightage="100" keywordseo="semiconductors">semiconductors</keyword> to sophisticated <keyword id="2101995" type="UNKNOWN" weightage="100" keywordseo="Consumer-marketing-industries">consumer marketing industries</keyword> including <keyword id="6" type="ENTERTAINMENT" weightage="100" keywordseo="fashion">fashion</keyword> and <keyword id="6355445" type="COMPANY" weightage="100" keywordseo="Education">education</keyword>. 
 As a <keyword id="2101998" type="UNKNOWN" weightage="100" keywordseo="Serial-entrepreneur-CEO">serial entrepreneur-CEO</keyword>, Sramana had earlier founded three companies – Dais (off-shore software services), Intarka (sales lead generation and qualification Software; VC: NEA) and Uuma (online personalised store for selling clothes using Expert Systems software; VC: Redwood). Two of these were acquired while the third received an acquisition offer from <keyword id="212570" type="COMPANY" weightage="80" keywordseo="Ralph-Lauren">Ralph Lauren</keyword> which the company did not accept. Back in 2010, she also set up a virtual incubator called <keyword id="484477" type="UNKNOWN" weightage="100" keywordseo="One-Million-by-One-Million">One Million by One Million</keyword>, to help a million entrepreneurs from all over the world to reach a million dollars in annual revenue, build $1 trillion in global <keyword id="35050" type="CITY" weightage="60" keywordseo="gdp">GDP</keyword> and create 10 million jobs. What has life in Silicon Valley has taught Sramana? Here are the edited excerpts from our chat. 
 
<keyword id="107737" type="ORGANIZATION" weightage="100" keywordseo="Entrepreneurship">Entrepreneurship</keyword> is not easy People often ask what inspired me to be an <keyword id="6359301" type="POSITION" weightage="100" keywordseo="Entrepreneur">entrepreneur</keyword>. Well, I am an entrepreneur’s daughter. I grew up watching my father run companies and I am sure that was a fundamental influence. But I also believe entrepreneurship is both <keyword id="49685" type="UNKNOWN" weightage="60" keywordseo="Genetic">genetic</keyword> and environmental. My maternal great grandfather was also an entrepreneur; so I had genes from both sides. 
 But let’s come back to the hard facts and let me tell you, entrepreneurship is not easy. Of course, there are many instances of overnight speculative success where you build something for a little bit, and someone comes and scoops it up for a lot of money. However, building long-term, sustainable value is extremely difficult. I have enjoyed my <keyword id="6374782" type="UNKNOWN" weightage="100" keywordseo="journey">journey</keyword>, but I have also made sacrifices to become an entrepreneur. What I am doing today with <keyword id="2102002" type="UNKNOWN" weightage="100" keywordseo="1M">1M/1M</keyword> is extremely difficult, extremely complex. 
 
Get over the <keyword id="150208" type="UNKNOWN" weightage="100" keywordseo="fear-of-failure">fear of failure</keyword> In January 2009, in the midst of raging <keyword id="6371665" type="UNKNOWN" weightage="100" keywordseo="financial-crisis">financial crisis</keyword> and a deep <keyword id="44850" type="UNKNOWN" weightage="100" keywordseo="Global-recession">global recession</keyword>, I hosted an <keyword id="2102006" type="UNKNOWN" weightage="100" keywordseo="Online-entrepreneurship-forum">online entrepreneurship forum</keyword> for <keyword id="2102008" type="UNKNOWN" weightage="100" keywordseo="Laid-off-engineers">laid-off engineers</keyword> who were considering a <keyword id="2102009" type="UNKNOWN" weightage="100" keywordseo="Switch-to-entrepreneurship">switch to entrepreneurship</keyword>. There were 220 people registered for the event and 130 attended. About 145 questions were submitted, from which we synthesised some of the most commonly asked. Among those was one I want to close this volume with: How do you overcome the fear of failure? 
 When I was younger, I had an enormous fear of failure. I was quite used to winning and I was very bad at losing. Since then, while I have been successful in many ways, I have also failed at various attempts. My attempt at building a product company out of India in 1997 succeeded somewhat, but the company did not become a revolutionary brand of the order that I aspired for, nor did it achieve any significant scale. Somewhere along the way, though, I developed the <keyword id="23254" type="PERSON" weightage="100" keywordseo="wisdom">wisdom</keyword> to take things in stride, embrace failure, learn from it and rise above it. 
 
Develop a personal philosophy: <keyword id="6389686" type="PERSON" weightage="100" keywordseo="Faith">Faith</keyword> &amp; <keyword id="88092" type="UNKNOWN" weightage="100" keywordseo="conviction">conviction</keyword> will get you going When I look back on my journey to trace the development of that wisdom, I see one overriding theme. Very early in life, I developed a personal philosophy. An unlikely juxtaposition of ideas culled from various systems of thought – from the <keyword id="62706" type="UNKNOWN" weightage="100" keywordseo="Upanishads">Upanishads</keyword> and <keyword id="28423" type="CITY" weightage="100" keywordseo="vedanta">Vedanta</keyword>, from <keyword id="78326" type="UNKNOWN" weightage="100" keywordseo="hindu-scriptures">Hindu scriptures</keyword>, <keyword id="115232" type="PERSON" weightage="80" keywordseo="Ayn-Rand">Ayn Rand</keyword>’s Atlas Shrugged and The Fountainhead, and certain <keyword id="2102012" type="UNKNOWN" weightage="100" keywordseo="Buddhist-concepts">Buddhist concepts</keyword> of Futility &amp; <keyword id="910745" type="UNKNOWN" weightage="100" keywordseo="nothingness">Nothingness</keyword>. 
 
The Hindu system of thought has a very powerful core concept: Tat Tvam Asi or I Am He. Instead of worshipping an external God, the Hindus believe that God is inside. Indeed, a powerful way of thinking. If the ultimate perfection lies inside you, and all you need to do is realise your own potential, much of your fundamental self-doubt vanishes. At least at an existential level, the individual is complete within. 
 Ayn Rand offers a similarly individualistic perspective, although from a radically different point of view. Rand’s <keyword id="18935" type="ENTERTAINMENT" weightage="80" keywordseo="heroes">heroes</keyword> and heroines move mountains. Although reared in a communist and collectivist Russian background, he celebrates individual achievements and believes in one man’s ability to make a difference. Many entrepreneurs I know have been influenced by Rand’s writings and have drawn inspiration, especially from the character of <keyword id="2102013" type="UNKNOWN" weightage="80" keywordseo="Hank-Rearden">Hank Rearden</keyword> in Atlas Shrugged, who fights against all odds with tremendous <keyword id="740992" type="COMPANY" weightage="100" keywordseo="resilience">resilience</keyword>. Similar <keyword id="38769" type="UNKNOWN" weightage="100" keywordseo="self-confidence">self-confidence</keyword> echoes in The Fountainhead’s architect hero, <keyword id="199919" type="PERSON" weightage="80" keywordseo="Howard-Roark">Howard Roark</keyword>, whose resilience and <keyword id="2102014" type="UNKNOWN" weightage="100" keywordseo="Personal-integrity">personal integrity</keyword> propel him towards a vision of architecture condemned by his contemporaries for its bold originality and threatening innovation. 
 
Yes, conviction and faith are incredibly important components of a sustainable personal philosophy, but where does it come from? How do you develop it? 
 
This is a question you must ask yourself. I can offer pointers on what to study, but how your own psyche will respond to the stimulus – I cannot tell. This is a spiritual, experiential journey, and you have to go it alone. 
 I will, however, share three more components from my own bag of wisdom: <keyword id="52698" type="UNKNOWN" weightage="100" keywordseo="laughter">Laughter</keyword>, <keyword id="54209" type="UNKNOWN" weightage="100" keywordseo="compassion">Compassion</keyword> and Nothingness. 
 
When the individualistic ideology overwhelms, when your head swells with self-aggrandisement, think of the Himalayas. Or the Pacific Ocean. Or the Universe. One can soon comprehend that we are nothing; we are insignificant; we are a single speck of dust in the continuum of time. So why be afraid of failure? 
 
Believe in the <keyword id="46426" type="UNKNOWN" weightage="100" keywordseo="Turnaround">turnaround</keyword> I was once fired from one of my own companies. I raised the <keyword id="6357097" type="COMPANY" weightage="80" keywordseo="venture-capital">venture capital</keyword> and we brought on a middle-aged, supposedly experienced guy as <keyword id="5645" type="POSITION" weightage="100" keywordseo="CEO">CEO</keyword>. I was in my twenties. The guy was incompetent and political. He didn’t understand the product, had no vision. We couldn’t figure any of these out until he joined, because he was on a charm offensive until then and I had limited experience of making a hire like this. We thought he could complement my product skills and vision with superior sales skills. 
 
Once he was on board, it started going downhill very quickly and he set out to fire me. I had massive immigration challenges, and had very little negotiating power because I didn’t have a Green Card then. 
 To cut a long story short, I was in <keyword id="76147" type="CITY" weightage="80" keywordseo="BUENOS-AIRES">Buenos Aires</keyword> when he called a Board Meeting on the phone and fired me. And the Board let him. I walked around on the streets of Buenos Aires trying to absorb the blow. 
 
Six months later, they had to fire the CEO. The angel investors offered to fund me again and start another company. I did. 
 
Life went on… Life always goes on. 
 Finally, if you are a woman and a wannapreneur, here’s one sound piece of advice. Be a damn compelling entrepreneur, not just a damn compelling <keyword id="210081" type="POSITION" weightage="100" keywordseo="woman-entrepreneur">woman entrepreneur</keyword>. 
 
Watch this space tomorrow – <keyword id="122850" type="UNKNOWN" weightage="100" keywordseo="power-women">Power Women</keyword> will be back with their intriguing success stories.

Power Women: I
Was Fired From My Own Company & What I Learnt From It

<ul class="summary-list"><li>The restaurant chains <a target="_blank" href="https://www.businessinsider.com/rise-and-fall-of-subway-restaurants-2019-9">Subway</a>, Arby's, and Buffalo Wild Wings have a common owner.</li><li>Roark Capital Group has been buying up restaurant chains for nearly 25 years.</li></ul>There's a good chance that just one private-equity firm owns one of your favorite restaurant chains.Over the past quarter century, Roark Capital Group has bought up nearly 20 restaurant brands in the US. Its latest acquisition came last year when it acquired Subway, which <a target="_blank" href="https://www.nrn.com/top-500-restaurants/10-restaurants-most-locations-us/gallery?slide=10">operates more stores</a> than any other restaurant chain in the US.But Roark's holdings include other restaurants that you've probably visited before:<div type="image" title="A diagram showing what business's Roark Capital Group owns" height="2340" width="2000" msid="111020177" hostid="261"></div>Other notable Roark restaurant holdings include the coffee chain Dunkin', Arby's, Jimmy John's, Buffalo Wild Wings, and the suburban-mall favorites Cinnabon and Auntie Anne's.The private-equity firm also has investments in The Cheesecake Factory, which is publicly traded, and the Midwestern burger chain Culver's. And it owns the bakery chain Nothing Bundt Cakes and some franchises of Seattle's Best, that coffee chain you used to find at Borders bookstores.Founded in 2001, the Atlanta-based Roark has $38 billion in assets under management, according to <a target="_blank" href="https://www.roarkcapital.com/about">its website</a>.The firm "was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead," the firm's website says. Rand's books have a following among libertarians and other advocates of deregulation and individual enterprise.But the website adds: "As a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy."While Roark owns a lot of restaurant brands, it's hardly the only private-equity player in the industry.<a target="_blank" href="https://www.restaurantbusinessonline.com/financing/hooters-america-has-been-sold">Hooters</a> was acquired by TriArtisan Capital Advisors and Nord Bay Capital in 2019, for instance. TriArtisan also owns TGI Fridays and P.F. Chang's, according to its website.Restaurants aren't the only consumer brands that have become more consolidated under a handful of owners. A small group of multinational corporations, including <a target="_blank" href="https://www.businessinsider.com/10-companies-control-the-food-industry-2016-9">Nestlé and Mars</a>, own hundreds of food and personal-care brands.

One private-equity firm controls more than a dozen of the biggest restaurant chains

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Power Women: I Was Fired From My Own Company & What I Learnt From It

Sanghamitra Mandal

One private-equity firm controls more than a dozen of the biggest restaurant chains

Alex Bitter

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