To be honest, funds themselves defines a constant arrangement so every entrepreneur needs to work towards making a balance of it constantly make business work, a balance needs to be maintained always as a backup to work towards automation which eventually overcomes the lack of finances in the organization.
Tell us more about your company and your journey.
A childhood passion for cars and automobiles led us to venture into this segment of the business. Started with a passion to be a part of this industry being an active racer for JK Tyre Championship for 3 consecutive years and while being surrounded with fancy wheels continued to nurture the idea of creating a company with a Pan-INDIA presence fulfilling the desire of the new generation to own such exotic vehicles.
How did you come up with this idea and go about executing it?
If one thing is for sure, it’s that the execution of an idea is more important than the idea itself. Getting into the automobile business for us is more than an idea it’s our passion and we believe that making your passion into the profession will always have 100% commitment and focus towards growth in the right direction and one can always love investing time and resources to make it happen.
Also, we believed that today customers look for a rapid lifestyle change and of course exotic cars are a major part of lifestyle so we believed that this can be the best opportunity to deliver an experience to our customers by offering pre-owned cars at attractive buys keeping quality the major factor of concern.
What has been your biggest challenge that you faced and how did you overcome that?
Well, every day comes with a new challenge we are ready to battle with a positive mindset to overcome and deliver the best. But, in the automobile trade maintaining standards & business ethics is what we believe is the biggest challenge as we are into catering services Pan India so for us, every customer is equally important and need to be assisted like a family member of Boys And Machines INDIA.
What do you think are the most important qualities of a successful entrepreneur?
Important qualities………Clear Vision, Sound Work Ethics, Deep passion to succeed, Eager to learn, Aggressive mindset, Risk-taking capabilities, Leading by example, Motivating others , structured planning, Team building, etc.
What are some of the most important factors for running a successful business?
· Strategic and tactical plans
· Leadership
· Effective communication
· Immediately response system
· Shared belief and team spirit
· Transparent process
· Clear understanding of time & resources
What are your tips for the first time and aspiring entrepreneurs?
· A business idea with market analysis
· Constantly monitor your finances
· Updated about market trends
· Hire the right people
· Believe in your strengths
· Know your shortcomings
· Networking is the key
· CUSTOMER retention
How can one overcome a hurdle of lack of funds when starting up?
To be honest funds themselves defines a constant arrangement so every entrepreneur needs to work towards making a balance of it constantly make business work, a balance needs to be maintained always as a backup to work towards automation which eventually overcomes the lack of finances in the organization.
So, keep your priorities in line so that you don’t shortfall of availability of funds as that’s the only key to grab first-mover advantage in the market to grab the opportunity and encash it.
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Interviewed by - Shivang Singh
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