The main aim of starting a business is to make and maximize the profits from the capital employed. Successful entrepreneurs have unique characteristics that enable them to create a competitive advantage in the market. A good entrepreneur is always willing to take risks which they find to have a good income potential. Some may start businesses in places considered as risky to operate in, they also believe that their success is mainly because of their personal efforts. The entrepreneurs are often motivated to start businesses by some factors such as the need to have financial freedom.
Vinod Gupta was born in a humble family, there were poor social amenities in the area. The family background did not stop him from achieving Vinod’s full potential, he did not give up and this serves as a good inspiration to millions of people around the world. Many people shy away from starting businesses due to their family backgrounds and the areas in which they are raised. Many experts’ advice people to start businesses even with a low amount of capital. Successful entrepreneurs are patient, some start businesses from a small scale and after some time they build their business to become one of the best.
Vinod Gupta excelled in his education, he attended recognized institutions of higher learning where he graduated. In his university education, he specialized in agricultural engineering and this has been instrumental in his success. Vinod Gupta later advanced his business skills by enrolling for a master’s degree in Business Administration. He started from a low-level job where after years of handwork rose up the ranks to become part of the executive of successful organizations.
Apart from doing business, Vinod Gupta believes in taking part in social responsibility, he has been helping to uplift the living standards of people who are in need. He has made a lot of donations to help in various charitable activities.
He established the Ben Gupta Endowed Fund for International Legal Education. This was named after his son. This scholarship helps students in developing countries to get degrees in JD or LLM as well as those that want to go to law school. Go To This Page for related information.
A good entrepreneur is able to identify the needs in the society and finding the solutions to the problems. Vinod Gupta was able to identify some problems in the society and his passion to help people was exhibited when he started businesses. He has been able to help a lot of people both directly and indirectly, for example, he has created a lot of job opportunities.
Today, Mr. Gupta oversees Focus Group, which is a company, which offers venture capital for database technology startups and acquires struggling businesses to make them profitable. Perhaps, the mission of the Focus Group revolves around the vision of Mr. Gupta who wants to extend helping hand to new entrepreneurs, who have an idea just like Mr. Gupta. Unlike the early years of Mr. Gupta, these new entrepreneurs will have a sponsor in the form of Focus Group.
Read more about Gupta’s lessons in business on https://gazetteday.com/2018/05/vinod-gupta-lessons-business/