Don’t start a business if you want to make money: Zomato CEO

Deepinder Goyal says starting a company just for money cannot work as it may lead to "bad governance calls"
An undated image of Zomato CEO Deepinder Goyal. — Forbes India
An undated image of Zomato CEO Deepinder Goyal. — Forbes India

If you are planning to begin a business in order to earn some money then beware as Zomato CEO Deepinder Goyal has advised people not to start a business if they want to make “a lot of money”.

During an event, the entrepreneur said that wanting to make “a lot of money” is a very bad reason to start a company, adding that the businesses should be led by passion.

Read more: Here are some alternate ways to earn money

Goyal, who was also a judge at Shark Tank India Season 3, said: "I see a lot of founders starting a lot of companies, and I ask them why did you start this company, and the answer is 'I want to make a lot of money'... I don't think that works, because that leads to bad governance calls… that's not the purpose with which you should start a company.

“Starting a company just for money cannot work as it may lead to bad governance calls.”

Sharing his experience, the Zomato CEO advised: “You should be so passionate about something, you should be willing to risk your life for it, only then you are able to build a company of your dreams. That's the only piece of advice I have... do it with passion, don't do it for money.”