Entrepreneurship is often depicted as a glamorous journey filled with innovation and success. In reality, it’s a complex path filled with challenges and valuable lessons.
As part of BYOB's 2nd anniversary, we sat down with our founder Rohan Kapur for a raw, insightful interview revealing the true nature of entrepreneurship.
Watch the full, unfiltered interview - you will not regret it!
Here are the key takeaways:
→ You do not need funding to start a business.
→ A small business can be built with higher margins while maintaining control.
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→ Adaptability is crucial.
→ The ability to pivot in response to changing technology and consumer preferences is vital for long-term survival.
→ Entrepreneurship is incredibly challenging and cannot be fully prepared for through education or mentorship.
→ Expect difficult days where financial struggles are common.
→ The excitement often shifts from personal financial gain to ensuring team salaries are met.
→ Friends may progress financially faster, which can be disheartening.
→ If clients don’t listen, back off temporarily; they often return to your approach.
→ Understand that in a services business, client satisfaction is paramount.
→ Focus on quality servicing rather than just the quality of the services offered.
→ Successful businesses prioritize after-sales service and client relationships.
→ Small gestures (extra messages, additional work) enhance client satisfaction and loyalty.
→ There is no regret in leaving a job to pursue entrepreneurship; the learning experience is invaluable.
→ Entrepreneurship is far from the idealized versions seen on social media.
→ Expect a lack of stability, especially in the early stages, with financial uncertainty and the need to manage various aspects of the business.
→ Learning to manage unpredictability prepares you for other life challenges.
→ The value of the journey and experiences gained outweighs the hardships faced.
→ Commitment to continuous improvement and striving for success is crucial.
As Rohan Kapur's insights reveal, the journey of entrepreneurship is rarely what it seems on the surface. It’s a blend of perseverance, adaptability, and genuine connections.
Read our detailed blog for a deeper understanding!
