In an interview with Insights Success, the CEO of Venture-Care, Abhishek Kumar shares the insights behind his triumphant dominance as an entrepreneur. The zealous and admired leader has driven the ascension of the online business solutions company with his contemporary & innovative entrepreneurial & technological expertise.
Below are the highlights of the interview conducted between Abhishek and Insights Success:
Give a brief overview of your background as an entrepreneur.
I am a serial entrepreneur, strategist, mastermind behind the success of several ventures, marketing pro and on occasions a teacher and a guide. My academic journey has been an unconventional mix of a Bachelor’s degree in Chemistry and CS from The Institute of Company Secretaries of India, New Delhi. I firmly believe in value creation and economic empowerment through growth hacking and venture development.
How do you diversify your organization’s offerings to appeal to the target audience?
We are the only organization in India to offer services in every discipline related to Business set up and development. This makes us the one stop shop for other organizations which may find themselves in any phase. We unify the diverse offerings with careful coordination and offer a streamlined and custom tailored solution to our clients and they are more than happy with the more efficient and cost effective solution away from the hassles of dealing with multiple vendors. Our offerings have been divided into four major disciplines namely Legal, Finance, Strategy and Digital. Apart from that we offer international business desk for organizations looking forward to setting up or growing internationally and startup desk for first timers and newbies.
Describe some of the vital attributes that every entrepreneur should possess.
I believe that every individual is unique and carves his own path to success. Good observation is the first rung in the ladder. If only you watch closely, you would know what problem the people are facing and to what extent are they willing to go to get the problem solved. This observation, when combined with reasoning and instinct, is a lethal weapon for an Entrepreneur to get started. However, the sharpness of mind should be combined with a strong will and determination as well because no matter how carefully you begin your journey, you are bound to stumble or fall. So, find strong reasons behind your goals and vision as they would be the only motivation to sail through. An Entrepreneur must learn to think beyond his or her personal goals and should be willing to bend to be able to build an organization on their backbone. Being disciplined and informed in various aspects helps immensely in this breathtaking journey.
What were the primal challenges and roadblocks you faced during the initial phase of your career as an entrepreneur?
I belong to a middle income group family and never had a strong financial backing. I was always full of new ideas but never had a free hand to try them out. My finances always restricted me from making a big move and my risk taking capacity was greatly reduced due to the stakes involved. I was impatient to get started with my venture but my finances forced me to continue to work in a job till I have a decent amount to invest. I moved with a lot of uncertainty and had to let go off some bigger opportunities to ensure that we continue to get a regular income to be able to sustain.
This made me take a longer route which on a positive note, helped me learn to be patient, trust the process and learn to enjoy the journey while we are at it.
Where do you see yourself in the near future and what are your future goals?
We have moved past sustenance and currently find ourselves in the expansion phase. Our next big goal is to have at least 200 employees and 200 clients by 2020. We also aim to generate at least 2000 jobs in the market. On a personal level, I aim to acquire financial independence where I can be free to leverage new ideas. Indian economy is still developing and holds great potential with world’s largest youth population. There is no dearth of good ideas and passion to bring them to life however many businesses fail due to the lack of mentorship and consultancy. We want to help the organizations striving for success and eventually contribute towards the development of the country’s economy.
What is your advice for budding and emerging entrepreneurs?
Find strong reasons to begin your journey of entrepreneurship because once you set sail, the only way is forward. Be prepared to fail multiple times, learn from it and keep getting better, live one day at a time with eyes set on your vision. Entrepreneurship is emotionally taxing and if you can deal with yourself, you will find a way out of an unfavorable situation. Do not underestimate failures or overestimate success. While you can dispose off your failures, you get to maintain your success.
About the Entrepreneur
Abhishek Kumar is the CEO of Venture-Care. He exhibits evident proficiency in managing multidisciplinary projects simultaneously which is palpably demonstrated through the success of four top-notch companies namely Venture-Care, VC Taxreturn, SafalStartup and NearbyExpert. His willingness to navigate through difficult challenges in order to bring out the best combination of technology, business and growth has been the most valued quality among his clients.
Source: The 30 Most Influential Entrepreneurs to Watch 2018