Interview with a Student Entrepreneur

Serial Entrepreneurs from Manipal
Introduction:

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:

Jitesh Luthra

-An Entrepreneur with an IT startup
-A thinker.
-A key interest in Finance and Operations.
-Trying to figure out the HOW’s of everything.
-Finalist at NIT Trichy’s International B Plan

Gaurav Prakash

-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:
Website: http://solutionsforstartup.com/
Email ids: gauravprakash@solutionsforstartup.com and jiteshluthra@solutionsforstartup.com
-Interviewed by
Harshith Mallya
Campus Ambassador,
Nurture Talent Academy


About the Author

Amit Grover, founder of AHAtaxis.com, is an IIT Delhi and IIM Indore alumnus, having more than 12 years of industry experience. He started Nurture Talent Academy, and earlier worked with Infosys, Asian Paints, Onida and Mumbai Angels. He regularly blogs on www.amitgrover.co.in. AHA Taxis, his recent venture, offers one way outstation travel across India.

Blog , ,

Upcoming Event

    Not a single Event is there

Google