Serial Entrepreneurs from Manipal
Solutions For StartUp was cofounded by Gaurav Prakash and Jitesh Luthra. It aims to be the one-stop shop by providing start ups and new enterprises with affordable web design/branding/social media solutions through talented college students. Their vision is to establish a nationwide student pool that would provide the perfect platform for start-ups to get work done as well as giving students a platform to get industry level experience.
Here is a brief Summary about the Cofounders:
-An Entrepreneur with an IT startup
-A key interest in Finance and Operations.
-Trying to figure out the HOW’s of everything.
-Finalist at NIT Trichy’s International B Plan
-A serial Entrepreneur with startups in IT, retail and marketing sector.
-Certified commercial pilot form Florida , USA
-Executive Team member at Social Media Club , Kuwait
-A blogger for Middle East’s largest social media network (http://www.ehulool.com/author/gauravprksh/
-Global Student Entrepreneur Awards , South East Asia nominee and regional finalist
-Top 3 ideas at iWeekend , IIT Mumbai
-Social Media Enthusiast
-Speaker (AIESEC LeadSpeaker at Manipal University)
-Finalist at NIT Trichy’s International B Plan
-Featured on various portals , websites and newspapers.
Here are excerpts from interview conducted by Nurture Talent Academy-India’s 1st Training Institute for Entrepreneurs :
NTA : What motivated you to take this initiative?
Gaurav: We wanted to build our own identity, break the preconceived rules of society and start up early. We wanted to network with a lot of amazing people.
Jitesh: Starting up gives you a lot of independence. Being your own boss, changes you as a person. Makes you accountable for yourself. It is terrifying and exhilarating at the same time!
This is what motivated us.
NTA: What roadblocks did you hit?
Jitesh: Our first major roadblock was our own mindset. Our startup turned out different from what our initial idea was.
Gaurav: After that establishing credibility, fine tuning the back end of the business were our major hurdles.
NTA: What are the most crucial things you have done to grow your business?
Jitesh: Establishing a collaborative model of growth is the most crucial thing we have done to grow our business.
NTA: What’s the best business advice you’ve ever received?
Gaurav: Best advice would again be to go with a collaborative model of growth. This has helped us a great deal in reaching more clients and getting work done faster and more efficiently.
NTA:What are your favourite books/movies of all time?
Jitesh: My favourite books are ‘The Godfather’, by Mario Puzo and ‘The Art Of War’, by Sun Tzu.
I absolutely love the TV show ‘Suits’.
Gaurav:My favourite books are ’Entrepedia’ by Nandin Vaidyanathan and ‘Connect the Dots’ by Rashmi Bansal.
My favourite movie is ‘The Aviator’ and like Jitesh I love ‘Suits’ as well.
NTA: Which inspiring personality past/present would you like to have dinner with?
Gaurav: Very difficult and thoughtful question but I must say: Ratan Tata and Dhirubai Ambani.
Jitesh: Stephen Covey (the American educator, author, businessman, keynote speaker and author of The Seven Habits of Highly Effective People)
NTA:If you were to start another business, what might it be?
Gaurav: I would probably enter a Product based business as all my start ups till now have been service/IT based.
Jitesh:I would enter the field of Data Handling.
NTA: Many entrepreneurs complain about not succeeding in business due to lack of adequate funding, what is your take on this matter
Gaurav:If one has a firm desire to succeed then nothing can stand in his/her way. If the start up is service driven/IT based then the initial cost will be quite less and funding will not be required, but if it is product based then a lot of funding is always needed.
Jitesh:So it finally depends on the situation.
NTA: How would you describe your leadership style?
Jitesh:I am a control freak at times .Trust is very important to me. More you delegate the easier it is.
My core principle is finance. I believe in Management and Micromanagement.
Gaurav:I would say that the both of us are control freaks, but we are not arrogant. We have a good time in the office pulling each other’s legs, but when work needs to get done we make sure it is done properly.
NTA:In your opinion, does an entrepreneur need an MBA to be successful? Are you planning to do an MBA in the future?
Gaurav: In my opinion an entrepreneur does not need an MBA to be successful. It is a good add on to have, but an MBA does not guarantee success .So as of now, I am not planning to do an MBA in the future.
Jitesh: It depends on how you look at an MBA, what skills you wish to acquire. A person can go for an MBA and then go back to a start up.I would consider doing an MBA 5-6 years down the line from now.
NTA: Finally, Your advice to young entrepreneurs.
Gaurav: Go out and start. Keep track of what you are doing. Define growth and work towards it.
Jitesh: Do not be terrified to start up. If you doubt your abilities and are need guidance, come to us at ” Solutions For StartUp” we will give your start up “wings”.(Laughs)
If you want to get in touch with them you can do so:
Email ids: email@example.com and firstname.lastname@example.org
Nurture Talent Academy