Putting people on profit can be surprisingly profitable.
Technology entrepreneur Ankur Jain, 34, is worth about $ 1.2 billion, according to Forbes. Former Tinder meeting application – of which he still owns 36% – was released in 2002 with his new company Bilt Rewards, a service that allows customers to earn their rental rewards or buy a house .
Today, BILT is estimated at $ 3.25 billion.
The extremely successful son of former Microsoft Naveen Jain Cear who was also briefly a billionaire after the success of his infospace company, a search engine, before you can clash Y2K, this advice for new entrepreneurs
“Start with a problem, not a perceived opportunity,” Jain told the UK newspaper. “These are two very different things.”
“I think one of the most dangerous things that happens to the enterprise was that business school graduates began to go to the enterprise,” he explained.
Academic emphasis on statistics, models and creating new opportunities has inspired new businesses owners to create unnecessary goods and services – while consumer use.
“They forgot to ask the question what problem can actually solve for people,” he said.
Jain continued to boast that bint is a perfect example of “getting a real problem people have and … making it work”.
“Expert is your biggest expense and now is more useful.”
According to BILT data, the average US tenant spends about 30% of their income for housing each year.
Jain earlier told the post that he was inspired to create a short one – and focus on building companies that solve “real problems” – after a shocking 100 million dollars she heard from an entrepreneur capitalist a few years ago . Idea: Putting luxury virtual goods in blockchain.
“I am thinking of myelf: ‘You have the biggest crisis of housing, a crisis of health care and mental health here in the city … and here you are sitting, talking to me about how, Prada digital bags in Blockchain, ”he said.
“It was so far from contact not only with big problems, but great opportunities.”
#billionaire #entrepreneur #easy #secret #success
Image Source : nypost.com