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Jatin Kikani
Jatin Kikani

Jatin Kikani

Co-Founder

Plutus Retail Pvt Ltd

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Jatin Kikani's Advice

Have a Plan

Start early - you have an idea - give it a serious thought, plan it thoroughly and go for it! The time is ALWAYS right – there will always be other things in your life, you will have to learn to prioritize , strive and be successful. Involve a right set of professionals who share the similar vigour as yours. And most importantly have an right team together!
Lesson learned


eCommerce
is linked very close to Technology, selecting the right framework for our
portal was key. We had to scrap our first 2 models because they were not
scalable. The key to success was patience and a lot of working hours!



 



The need
to know everything - that might sound like we had to master all, but as
entrepreneurs starting to build our foundation we had to have the knowhow of
company formation regulations, finances, budgeting, banking, Foreign Direct
Investments, etc. In the current booming entrepreneurial market, it can be
challenging to find the right source to garner and extrapolate this information
and knowledge.



 



As fast as
the ecommerce industry is growing, the banking regulations/ Infrastructure in
India to do not support a quick and easy turnaround. And you cannot start your
business without having a way for the customers to pay for the products or
services you are providing. We learnt this the hard way.

Your role in your company
Being
an IT professional, making decisions about technical features is extremely
important. Equally important is setting up a corporation, meeting with the
auditors, bankers, vendors, marketing professionals and a host of other
stakeholders - we had to learn to put on many hats
advice




Start early - you have an idea - give it a serious thought, plan it thoroughly
and go for it! The time is ALWAYS right – there will always be other things in
your life, you will have to learn to prioritize , strive and be
successful. Involve a right set of professionals who share the similar vigour
as yours. And most importantly have an right team together!







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