Quantivier, an organization with interests in shared mobility, business consulting, lifestyle, and philanthropy has refused to be bogged down despite being severely hit by the crisis.
As India opens after months of economic stagnation, there are challenges aplenty for companies to overcome before they can bounce back. Meghasyam Madineni, CEO, Quantivier talks to DKODING about the need for organizations to keep an optimistic outlook, innovate, and create new opportunities.
Q: Briefly, tells us how the pandemic and global economic lockdowns have impacted you?
Quantivier’s shared mobility business took a big hit as logistics and transportation were stagnated by the lockdown. Business consulting has also come to a standstill. However, we are working on our Lifestyle venture which deals with women empowerment, cottage industry empowerment, journalism, dating services, etc. Furthermore, Quantivier is also foraying into air charters which did really garner immense attention and demand during this pandemic.
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Q: How do you see the ongoing crisis affecting the automotive startup sector in the long term?
Ironically, the current situation will positively impact the automotive industry in the longterm. There’ll be a focal shift of capital and resources from traditional or conventional transportation to sophisticated and advanced transportation technologies.
Companies that will adopt changes in their culture will sustain. The ones that don’t, even if they are big, will bleed dry to death.
Meghasyam Madineni, CEO, Quantivier
Q: From the CEO’s perspective, what is your advice to people who are starting their entrepreneurial journey?
There is no single definition of a good entrepreneur. But in my opinion, there are a few aspects that matter:
- Don’t name yourself a CEO or MD or boss of any sort till you have an established business with a 3-year income tax return and revenue of more than Rs. 1 Crore per year.
- Nothing is small in the thought process. Put it all on paper. Cut it into smaller bits, then adjust those bits into your calendar and thereby create a schedule for the coming three months. Put weekends as a buffer to add new elements into your project. Record all observations.
- Don’t differentiate your entrepreneurial life astronomically from your current life and relationships. Go easy with it. Don’t be rigid because of entrepreneurship with your personal relationships because then you’ll lose moral support, and thereby collapse soon by turning into a maniac. Be flexible, be observant.
- Don’t rush for fundraising. Try bootstrapping. Learn the nuances of handling different minds in the journey of building a company from the ground up. Only then will you have attained the capabilities to handle seasoned investors on board.
- Finally, the most important thing to say – There’s no extreme left or right, good or bad, yes or no in entrepreneurship. The journey always goes in between. Understanding and accepting this fact is very crucial. Never go for personal vendettas. Better to be beaten most of the time because the chances of unprecedented events will be much low. If you always choose to take on the offensive role, you’ll be sleepless.
“It’s very important to satisfy everyone who takes part in your journey. Your growth may end up being slow because of feeding everyone but your organisation will attain stability.”
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