CEO and Philanthropist “Sandeep Kumar Aggarwal”: Risks and Rewards of Your Own Business
Right now it is more than redundant to inform you that the economy is not performing as well as we would hope. You know it, I know it. A more interesting area to explore is, well, if you are an entrepreneur, what do you do? How to start a new business in a recessionary 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 companies that are struggling in this recessionary economy. SKA MANAGEMENT opened its doors in the summer of 2005 and has been going strong ever since. To find out how he did it, I called him, here’s the interview …
Sandeep Kumar Aggarwal: “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 recessionary economy. Starting a business can be scary. But great rewards await Entrepreneurs Lucky to Build Successful Small Businesses: Benefits You May Miss If You Remain an Earner for the Rest of Your Life. Although only you can decide if you are ready to quit your job and start running your own business. “
As a former member of the corporate world, I wanted to know what the rationale is for starting your own business rather than working for someone.
“Independence and flexibility are really important because you will have more freedom and independence working for you. And once your business is firmly established, you will probably have the flexibility to make sure you don’t miss the most important moments and events for you in life. Another reason would be personal fulfillment. Owning and managing your own business can be more satisfying and fulfilling than working for someone else. Many successful small business owners find that they enjoy the respect they earn from their peers by having the courage to go out On your own. Also, in your own business you have power. Don’t be surprised if power is one of your goals. When it’s your business, you can make your employees do it your way. You, think about how to use it in a way constructive. One of the most important reasons he said is definitely money. With money, the risks of forgoing a fixed paycheck can They can pay off when you own your own business. I am 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 will need money to start your small business. Whether you raid your savings account, visit friends and relatives, or borrow from a bank, there is a Chance that your business is unsuccessful and 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 come at a high cost Personal. Starting your business can consume most of your time and energy, including your precious nights and weekends. You may not have much time for family or friends or the extra money for a second honeymoon. honey with your spouse. Before you quit your job, decide if you (and your family) are ready to make some of the personal sacrifices necessary for your or to create a successful small business. ” (Sandeep Kumar Aggarwal)
Self-employment?
Mr. Aggarwal explained that being self-employed is great because it “allows oneself to express oneself more freely. At the end of the day, I think this is the real payoff for most business owners who love what they 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 subjected to the whims of some executive I didn’t even know my name. As an employee, I couldn’t do what I really felt was right for my clients or me, 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 too, even if it’s not full time.” (Sandeep Kumar Aggarwal)
“Again, even if you don’t need the money, you should consider doing this. Having your own business will give you a new point of view from which to live.
You will surely have less free time. But if my experience is typical, and I think it is, you will still have much 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 money. But over time I loved it. 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? golf? Blogging? What job would be the best expression of Who are you really? Get help. Your passion may give you clarity on what kind of business to open. In my example, I was unable to keep my job at the bank and have a consulting business at the same time, so the decision was made by me. If you do not have any legal or moral disputes, 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 for their help. Most people are happy to help, especially successful people. (By the way, that is why they are successful). Don’t be discouraged. “(Sandeep Kumar Aggarwal)
“Let’s say you want to get involved in the dance field but you don’t have the money to open your own studio. Who cares? Call a successful studio owner. Tell them you are passionate about dance, you want to open a side business in the field. field and have no idea what to do Just because you don’t have the resources they have doesn’t mean they can’t be useful.
You may not be able to open a dance studio … but by meeting with these people, you may get some great ideas about what dance studios need. You may be able to open a business to service those studios. “(Sandeep Kumar Aggarwal)
By the light of the moon in a business that is in your ‘field of passion’. The best way to learn is to do it. Go to work a few hours a week and don’t worry about how much you get paid. 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 with 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 to the business world.
“Even if you don’t have money, you can start a business.” (Sandeep Kumar Aggarwal)
“You will have to invest time. Everything has a price. If you cannot dedicate time to this, do not start. But personally, I hope you will. It is the best investment you will make in your life because it is a Although involuntary job changes can Being difficult, most of the 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. “