Nitin Khanna was able to understand the fundamentals of business and earning because of his exposure to business early on in life. His dad went to the army but many of his family members were present within the business sector. As such, he was to learn about business and why it mattered and how to move in a concrete manner to be safe and realize gains each and every single day. Nitin Khanna understood a couple of key principles in his life.
One of these principles that barriers matter and scales matter as well. If Nitin Khanna were to elaborate on this point, he would state that while industries may be simple to break into at a regional level, that it would be much more difficult to scale as more resources would be needed and more investments overall. The business would have to understand how to attract customers, go against incumbents and take market share. This certainly was much easier said than done.
The more barriers that are present within an industry, the more difficult it becomes to sustain over the long term. Nitin Khanna slowly understood over his time in business how value is accrued and how it matters that individuals are able to have cashflows that will continue into the distant future.
As a business is judged by its future income streams, the more stability there is, the better. Investors would expect to see stability and growth, as real money is involved and people worked hard to invest and grow their earnings in the business.
As such, a competitive advantage such as barrier to entry becomes of key importance to a business such as the one that Nitin Khanna is involved in. As the point of a business is to make a difference in society, to serve a specific purpose and move the needle, individuals have to make certain to make sure they are able to protect their cash spitting machine.
A business has to be durable and it has to matter each day to customers. The lifeblood of a business is the customers and the cash that they bring. Protecting cash flows matter to business owners.
Read Khanna’s success story here https://yourstory.com/mystory/48e163e5d2-nitin-khanna-an-nri-who-made-it-big-in-portland-oregon
Vinod Gupta was born and raised in a poor village in India in 1946. He moved to the United States and is a graduate of the University of Nebraska. His professional career began as a marketing research analyst for a mobile home manufacturer, Commodore Corporation. He was given the task of creating a list of every mobile home dealer in America. This led to him building a company that would eventually be worth $680 million.
After he created this listing of mobile home retailers he sold it to companies who could use it to create direct mail marketing. He started to receive many orders which led Vinod Gupta to realize that there as a big demand for this type of listing in different industries, not just mobile homes.
From this idea American Business Information was founded by Vinod Gupta. His company created many more listing similar to this and also acquired other companies. He says he perfected the concept of direct mail marketing which helped many companies grow through the use of his services over the years.
Vinod Gupta sold this company in 2008, where Gupta had been the Chairman and Chief Operating Officer and Co-Founder of Everest Group LLC in that same year. He is the chairman of this firm which offers private equity services, consulting services, and venture capital for startups.
Vinod Gupta says that nowadays he no longer manages the day-to-day operations of his company. Instead, Vinod Gupta focuses on long-term planning and how to grow his company. He says that too many people focus on short-term results rather than long-term ones which is a shortsighted approach. He says he finds he is more productive not working on the operational side of Everest Group and instead leaves that to the hands of the management team he built and trusts to do a good job. Refer to This Article for additional information.
The trend that most excited Vinod Gupta is artificial intelligence. He says that the rise of AI has led to his decision-making database being much more efficient as it works in an automated manner. Vinod Gupta is interested in location-based applications which can be used to do targeted and relevant advertising to consumers.
Gupta also likes to give back to the community. 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. Read more about Vinod Gupta on Chicago Evening Post: Law School At IIT Kharagpur, Established By Vinod Gupta, Rated Number One In Research And Number Four Overall In India
Mr. Vinod Gupta was born in New Delhi. The city was Rampur Manhyaran, close by Saharanpur. His hometown had no running water, limited food, no electricity, no running toilets. He worked as an Airforce pilot later in 1967. He quit that but also maintained the title as Squadron leader in the 14th Squadron.
Later on, Vinod Gupta came to Nebraska to finish his schooling after he received his Bachelor’s Degree in Technology in Kharagpur IIT, as well as Agricultural Engineering. His mentor was Professor Bill Splinter. When he came to America he had very little money and resources, but he made it. Earned his Master’s Degree by spending two years at the Nebraska Lincoln. The major was business administration. Read more about Vinod Gupta on Forbes’ 2018 “World’s Billionaires” list includes Vinod and Anil Rai Gupta.
At Commodore Corporation he began finding good work as a marketing research analyst, for mobile homes and manufacturing plants. While working there, Vinod Gupta had to evaluate and look at the different things that competitive companies were also doing. By the time he received the info though it became obsolete and he felt like he could be doing something better with his time.
Later on, he bought every single Yellow Page known to man to compile a list of phone directories. He invested $100 that he borrowed from the local Nebraska Bank, and no time he received 5 figure checks every month. This is where his career has taken off. Before the internet became a largely used source he founded Business Research Services in American Business. He started out with just two employees in the best sales prospects. After his business spread like wildfire, it grew quickly. View More Information Here.
The first focus groups were motorcycle, bicycle, boat, automobile, tractor and CB radio dealers. He found that going for business-to-business marketing was the most accurate for the demands in the market. All the different ways to do it were just limitless.