5 things that young IIT-ians, entrepreneurs must do to succeed? * Develop core skills in your area of expertise to the point of perfection. * Know what your strengths are and what your areas of opportunities are: exploit strengths while continuing to weaken your weaknesses. * Keep your eyes and ears open for new opportunities: remember that every opportunity has a very small time window. * If you are in a high risk-high payout situation, be very clear on when to call in your gains or when to cut your losses and get out. * Prioritise and manage your time accordingly.