Ankur kumra is an investor & founder at kumra enteprises. He shows how with willingness & persistent efforts one can achieve what one desires. Entering into e-commerce at a nascent stage & investing in riskier asset classes has made him accomplish his goals. The next project he is working on is in decentralized finance & the virtual world. He believes how the world will change in the next decade in terms of how we trade & invest.
Today we got a chance to interview him, let’s know more about him & how he build a very successful e-commerce set up in this short period of time.
We hope this can inspire you to become a successful person too! It is worth listening to a successful entrepreneur or to people who share their success stories. We can significantly learn many things from the experiences of them, by listening to their story.
Excerpts from our exclusive interview with Ankur Kumra:
Q1) Tell us a little bit about your start-up and your journey, please;
I did my graduation & schooling from Chandigarh. For my Masters, I went to Mumbai. Always tending to execute whatever little dreams I have had not thinking about the results.
In the last semester having a good time experimenting with life, I started auditioning & getting TV commercials & shows. For survival, I had to manage the corporate job as well as modeling. I knew that working for someone else to make that person grow wasn’t meant for me. Inclination towards e-commerce started increasing with the articles I use to read, so every night I started to do R&D on it & also was simultaneously keeping funds aside for the initial capital so I returned to Chandigarh.
Q2) How did the idea for your business/startup come about?
Returning from Mumbai & working with a builder I was still figuring out which idea to execute so just started selling through e-commerce the electronic devices I was using. Sourcing was an issue as brands don’t entertain you with limited funds.
Times passed sales increased & I took it as mainstream & started to invest my whole time & money into it. Over the period of time at kumra enterprises we expanded to different categories in electronics. Thankfully the hard work paid off with the first major real estate investment in Dubai.
Q3) What was your key driving force to become an entrepreneur?
Somewhat having faith in yourself is not bad, so I have always been the sort of person who wants to take decisions & be fully responsible for the actions or risks taken and forecast the rewards for the efforts put in whatever timeframe that maybe.
Q4) What challenges are you facing & how you manage them?
Usually every challenge I take it as an opportunity to learn from it.
Most of the time I write it down. The recent being that as I am working on a project related to Decentralized finance & Cryptocurrency there is always a Difficulty finding like-minded people who share the same vision.
Q5) What is your greatest fear, and how do you manage fear?
Covid-19 has affected most businesses. We never thought that would be a fear & we’d be made to sit home. I believe we should always have a side hustle. Thankfully lockdown made me invest in stocks & reap the same amount of returns I’d be earning in business.
Q6) How many hours a day do you work on average & can you describe/outline your typical day?
I am on my laptop at times for 16 hours a day. In the first half, I’m occupied with e-commerce whereas the second half usually goes into Crypto markets & studying the blockchain ecosystems.
Q7) What piece of advice would you give to college graduates who want to become entrepreneurs??
We will never get anywhere if we don’t start. So just start & follow your instincts. And be an early bird in the industry of one’s interest. Robotic Automation Virtual Reality Artificial intelligence Defi NFTs are still at stages where the internet was in 1997.
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StartoCure is the online entrepreneurial magazine platform, where the team brings you Interview & Stories of Entrepreneurs, Inspirations, Influencers, Startups eco-system & Change-makers. StaroCure also committed to bringing resources, research reports, funding reports, and analysis of the startups, as well as profiles of great businesses & entrepreneurs from all over the world.
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