What if you were a budding entrepreneur who had a great idea, but no one was willing to sponsor you? Interestingly, this was the case with Vinod Gupta, which currently is the Managing Director of Everest Group. A recent interview with Vinod Gupta revealed that his idea to create an informational database for businesses was rebuked by sponsors and his friends, who were sure that any such business venture was destined for failure.
However, Vinod Gupta was adamant that he had found a great business opportunity that was likely to be a hit. As a result, he created an informational database for mobile home businesses, and started floating his information with the help of direct mail marketing. For his first business venture, he had to take $100 loan from a local bank, which will eventually evolve into a multi-million-dollar company. The $100 loan proved pivotal in running a business that sold leads to various businesses. Eventually, the businesses extended into a variety of different fields. When sold, the company, InfoUSA was bought at a staggering $680 Million. See This Page for additional information.
As for Vinod Gupta, he advises young entrepreneurs to be careful of the costs and risks associated with running a new business. Therefore, Vinod Gupta emphasized conducting cost-benefit analysis if their business venture will succeed – most especially for new businesses. According to him, entrepreneurs should take many risks, but be conservative in their spending.
Watch him on https://www.youtube.com/watch?v=_e-UzAJFxHU
Most successful men and women out there do not come from such humble beginnings, like Vinod Gupta has. Vinod has built a massive empire under his name and amassed millions of dollars thanks to his insight and hard work. All of this was accomplished with virtually no investment or support as well, considering Vinod grew up in one of the poorer parts of India in the 1940’s. Regardless, Vinod Gupta was determined to make it somewhere better than his ancestors before him. Vinod had joined the military in order to build opportunity for himself, following which he received an education and his very own degrees from college, both in India and the United States. Read more about Vinod Gupta on Vinod Gupta: Indian-born American Businessman, Investor, and Philanthropist.
Vinod Gupta moved to America in the 1960’s and ever since he has been a major player in the business world. He found the holes in the market and create a service that was needed, which he sold for a great deal of money. Using his technique and smarts, Vinod was able to build his name, his idea, and his company into a large empire. Vinod’s initial investment of just 100 dollars was turned into a company that was sold for nearly 700 million dollars.
Vinod Gupta is the Chairman of Everest Group LLC in Omaha, Nebraska. He was the founder, chairman and chief executive officer of Infogroup, a technology company and started the Vinod Gupta Charitable Foundation.
One of Vinod Gupta’s biggest passion today is using his skills and success in order to create a more habitable world for everyone. Over the years, Vinod has created thousands of opportunities for people around the world, in terms of work and education. This is especially true of India, where he grew up and it all started for him.
Like every successful person before him, Vinod has experienced his fair share of failures, but he is all the better for it. According to Vinod, one of his best bits of advice to those looking to follow in his shoes or be successful in any industry is to accept the failures and use them to learn and build knowledge, so things can be done better the next time around. Refer to This Article on Gazetteday.com for more information.