Can't get point light to show up on my screen

I am a beginner and I installed Unity 4.1.5. I cannot get my Point Light to show up, although it’s component is visible as shown in the image.

Check it out! Go into your light, Look at ‘Render Mode’, and change that to Important. Press play and check.

So the issue was that I didn’t have some sort of a “platform” that could reveal my light. Hence, what I did was

  1. Go to GameObject->Cube
  2. Scale it out to look like a wide platform
  3. Position your light just above it.
  4. Viola!

Also, every other configurations recommended by answers to similar questions and by @bchilds88 were already set. Hence,I didn’t run into otherwise such issues.