Vinod Gupta was born in India in a village where no cars or roads existed. There was no running water in his village nor electricity, but he managed to work his way out of the village and became a millionaire in the process.
As an entrepreneur, he suggests that other entrepreneurs always Understand The Cost-Benefit of any investment they are making. He, personally, pays closer attention to this as his investment increases and believes this to be the difference between success and failure for many entrepreneurs. It is hard not to listen to Gupta as he built a $680 million business from a measly $100 bank loan, and he continues to earn millions of dollars to this day.
Vinod Gupta believes on long-term planning, and that it is hugely beneficial to any company and that it helps with a company’s longevity. He trusts the daily operations of his company, including smaller tasks, to a dedicated core team that he trusts immensely. This helps him out quite a bit as his attention is usually needed with helping to build the company’s that the Everest Group acquires. As a General Managing Partner with Everest Group, he works with companies in the background check, operation platforms, and digital printing sectors.
Vinod Gupta has found that market testing is an essential part of bringing new ideas to life. He knows that many other entrepreneurs skip over field testing and feels that this is a bad idea. He has commented that overconfidence in an idea has been the downfall of many entrepreneurs as they forget to ensure that their is a big enough target market who wants their idea. Read This Article for more information.
He has also learned that many entrepreneurs lack the ability to admit when they have made a mistake. He believes this, in itself, is a mistake, because acknowledging mistakes leads to learning experiences that can improve any person’s ability to become a better businessman or businesswoman.
Check out Gupta’s one-on-one session with IdeaMensch on https://ideamensch.com/vinod-gupta/