It is more than redundant at this point to inform you that the economy is not performing as well as we had hoped. You know it, I know it. A more interesting area to explore there is, well, if you’re an entrepreneur, what do you do for a living? How do you start a new business in a down economy without going under?
Sandeep Kumar Aggarwal, CEO and founder of SKA MANAGEMENT, knows it all. Sandeep Kumar Aggarwal has found a way to create and maintain successful businesses in this down economy. SKA MANAGEMENT opened its doors in the summer of 2005 and has gone from strength to strength ever since. To find out how he did it, I called him, here is the interview…
Sandeep Kumar Aggarwal: “The business has its ups and downs, but I can’t complain. SKA MANAGEMENT is a very good business; it is still a growing business, even in a down economy. Starting a business can be scary. But great rewards await entrepreneurs who are lucky enough to create successful small businesses – benefits you may miss out on if you remain a wage earner for the rest of your life. Though only you can decide if you’re ready to quit your job and launch into running your own business.”
As a former member of the corporate world, I wanted to know what is the point of starting your own business instead of working for someone.
“Independence and flexibility are really important because you’ll have more freedom and independence working for yourself. And once your business is firmly established, you’ll probably have the flexibility to make sure you don’t miss out on the moments and events that matter.” more for you in life. Another reason would be personal fulfillment, owning and running your own business can be more satisfying and rewarding than working for someone else. Many successful small business owners find that they enjoy the respect they earn from their peers for having the courage to strike out on their own. Besides, in his own business he has Power. Don’t be surprised if power is one of your goals. When it comes to your business, you can have your employees do it your way. If power is important to you, think about how to use it in a constructive way. One of the biggest reasons he said is definitely money. With money, the risks of giving up a steady paycheck can pay off when you own your own business. t rich in a small business, or at least doing very well financially. Although most entrepreneurs don’t get rich, some do.” (Sandeep Kumar Aggarwal)
What are the risks of starting my own business?
“Losing money is a big part of your own business. You’ll need money to get your small business off the ground. Whether you’re raiding your savings account, calling friends and relatives, or borrowing from a bank, there’s a very real problem.” that your business will not be successful and that you, your friends or the bank will never see that money again. good credit on your business idea. Another possibility of having your own business is personal sacrifice. Business success can reach a high point. personal cost. Getting your business up and running can consume most of your time and energy, including your precious evenings and weekends. You may not have a lot of time for family or friends or the extra money to have a second honeymoon with your spouse. or to create a successful small business.” (Sandeep Kumar Aggarwal)
Self-employment?
Mr. Aggarwal explained that being self-employed is great because “it allows you to express yourself more freely. At the end of the day, I think this is the real reward for most business owners who love what they do. I love what I do I don’t call it work I call it my hobby I left the corporate world in 2004 because I was tired of my boss making arbitrary decisions about what was good for my clients I was tired of my life being subject to the whims of a corporate executive who didn’t even know my name. As an employee, I couldn’t do what I really felt was right for me or my clients, so I left.” (Sandeep Kumar Aggarwal)
“Why am I sharing this with you? Because I think a great way to express your true self is to open your own business as well, even if it’s not full time.” (Sandeep Kumar Aggarwal)
“Again, even if you don’t need the money, you should still consider doing this. Having your own business will give you a new point of view from which to live.
Surely you will have less free time. But if my experience is typical, and I think it is, you will still have a lot more life.” (Sandeep Kumar Aggarwal)
What steps should you follow if you want to open a business?
“Decide what business you want to start by finding your passion. I started my career in 2005 for the money. But over time I fell in love. I love meeting people, hearing their stories and trying to help.
What do you love about what you do now? (Sandeep Kumar Aggarwal)
Can you express that in a side business?
“My advice is to start by looking into your heart. What are you passionate about? Do you love photography? Is it music? Art? Dance? Cooking? Helping children with autism? Playing golf ? Blogging? What job would be the best expression of who you really are? Seek help. Your passion may give you clarity on what kind of business to open. In my example, I couldn’t keep my job at the bank and have consulting business at the same time, so the decision was made by me. If you don’t have any legal or moral conflict, you can open a side business without burning any bridges.” (Sandeep Kumar Aggarwal)
“If you are clear about what field you are passionate about but you don’t know how to turn it into a business, I have two suggestions for you:
Connect with mentors. Identify the people who are working in the field and ask them for help. Most people are happy to help, especially successful people. (By the way, that’s why they’re successful.) Don’t be discouraged.” (Sandeep Kumar Aggarwal)
“Say you want to get involved in the field of dance, but you don’t have the money to open your own studio. Who cares? Call the owner of a successful studio. Tell him you’re passionate about dance, that you want to open a side business “. in the field and has no idea what to do. Just because you don’t have the resources they do doesn’t mean they can’t be helpful.
You may not be able to open a dance studio… but by meeting with these people, you can get fantastic ideas about what dance studios need. You may be able to open a business to service those studies.” (Sandeep Kumar Aggarwal)
“Moonlight in a business that is in your “field of passion.” The best way to learn is by doing. Go to work a few hours each week and don’t worry about how much you get paid. You’re there for the experience. You may find that you don’t have the passion you thought you had for the business. On the other hand, you may discover ways to get involved in the industry in ways you never thought of before.” (Sandeep Kumar Aggarwal)
Towards the end of the interview he left me with one of the most important and shocking facts behind business ownership and the approach of the business world.
“Even if you don’t have money, you can start a business.” (Sandeep Kumar Aggarwal)
“You’re going to have to invest time. Everything has a price. If you can’t spend time on this, don’t start. But personally, I hope you do. It’s the best investment you’ll ever make because it’s an investment in yourself. While job changes Unintentional events can be difficult, most people who undertake them do so successfully. Stay positive and try to focus on the things in life that mean the most: your family, friends, and place in the community.”