These #20 Tips by Indian Entrepreneurs Given in 2016 are Sheer Gold 20 best things these enterprising entrepreneurs have told Entrepreneur India this year!

2016 has been a roller coaster of a ride for entrepreneurs! While juggling with funding woes and industry impact of markdowns and mergers, entrepreneurs have learnt it the hard way that in the end, it's only the product that really matters.

Over the last 11 months, I've had the fortune of interviewing some of the finest entrepreneurs of India. Here are 20 best things these entrepreneurs have told Entrepreneur India this year.

1. It's important to be flexible to changes quickly midway through your plan rather than having a fixed long-term plan - Byju Raveendran

2. Cash is very, very precious and I am super fussy about cash being spent - Supam Maheshwari, FirstCry

3. I always felt I was one step behind success and if I give it another try I should succeed - Thirukumaran Nagarajan, Ninjacart

4. We are not acquiring revenue, we are acquiring talented technology - Girish Mathrubootham, Freshdesk

5. Money always comes with strings attached. I'm a free thinker - Sridhar Vembu, Zoho

6. The first thing that happens when an acquisition happens is that both the teams have to work together. If the teams can work together, everything else can be figured out easily, one step at a time - Mohit Kumar, Roadrunnr

7. Asking what a bot can do is the same as asking what a website can do. The answer is almost anything - Beerud Sheth, Gupshup

8. One of the most important things that I learnt from Infosys was the importance of treating people as our most important asset - George Varghese, who has founded Extentor Solutions

9. It's a generalisation that is happening where someone from an IIT is automatically granted a certain value without even examining him. But end of the day, the hunger to do more and achieve success is what matters - Sachin Shenoy, Lets Service

10. Chances of not meeting consumer expectations are the biggest challenge of e-commerce - Alok Duggal, Homestudio.com

11. I don't over intellectualize things, so I just do things that come to me and at times the motivation is different - Chef Sanjeev Kapoor

12. There are certain basic things that I did right. My attitude changed and hence this helped me change my whole world - CK Ranganathan, CavinKare

13. Entrepreneurship is the commitment to turning an idea into a profitable business. It is about imagining new ways to solve problems and create value - Vidya Nataraj, Bluestone.com

14. I never give up, that's one of the things about me - Arpita Ganesh, Buttercups

15. Having big global brands on-board as customers, act as a validation of one's product - Abinash Tripathy, Helpshift

16. Right from the start we believe that for a startup, it is essential to fail fast, but fail small - Lovleen Bhatia, Edureka

17. The life of a startup founder is a constant battle of a house on fire, even though it may look calm and composed from the outside - Shiladitya Mukhopadhyay, Serial Entrepreneur

18. One needs to be upfront and transparent about their challenges and motive. The more honesty and vulnerability you show, the better it is - Archit Gupta, ClearTax

19. Having the right team, right direction and the right vision is what everyone looks for - Harshil Mathur, Razorpay

20. It's going to be a persisting journey, but hang in there and dots will connect - Tejbir Singh, Affordplan

Hope the flashback of articles rejuvenates the spirit of entrepreneurship in our readers. We wish you all a very happy 2017!