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