Never give up on your dreams! That’s the mantra Pranav Arora, CEO of Stunned Mind, has been following since he started his business. He is an investor, venture capitalist, speaker, and philanthropist.
Pranav Arora has been an avid entrepreneur his entire life, with dozens of successful businesses under his belt and millions of dollars in revenue. He is the CEO of Stunned Mind, Chairman of JMTD Holding, COO of DeciphAR, and more.
Stunned Mind: For quirky pop culture gifts and gadgets, Stunned Mind is the one-stop e-commerce. It’s one of the largest online retailers providing top-quality merchandise and free shipping on all orders of over $50.
JMTD Holding: JMTD Holding is one of the top private equity firms which has helped numerous e-commerce companies, retailers, and consumers to succeed. With the funding of JMTD, multiple companies have increased their employment rate and been able to boost productivity.
DeciphAR: DeciphAR is an innovative platform that creates augmented reality products so that customers can turn fantasy into reality. The app provides a real-world experience that allows licensing partners to connect with customers, build trusted relationships and increase client retention.
When you’re starting a business, it’s important to focus on solving one problem at a time. Don’t try to boil the ocean. Figure out what your potential customers need and give them that. Once you’ve established yourself in that market, you can move on to solving another problem.
Pranav wasn’t afraid to start his own business. In fact, he was so excited to get started that he didn’t even have a business plan. He just knew he wanted to help people by providing them with valuable products and services. And so far, it’s paid off. His company, Stunned Mind, is now one of the most popular pop culture gifts and gadgets sites on the internet.
The difference between a business that makes $1 million and one that doesn’t is the vision of the founder. When you’re starting out, it’s easy to get caught up in the details of how you’re going to make your vision a reality. But if you want to build a successful business, it’s important to keep your eye on the prize.
Before you can make money, you need to have a product or service that people want to buy. You also need to determine how much to charge for your product or service. If you want to build a million-dollar business, you need to make sure that your product is top-notch and that you’re charging enough for it.
Another important thing is to give up control and let go of the reins. You can’t do everything yourself and you have to be okay with that. Hire people who are smarter than you and trust them to do their job. Let go of the need to micromanage every single aspect of your business. Delegate, delegate, delegate!
When you’re trying to build a million-dollar business, there will be roadblocks. You will make mistakes. You will face rejection. But don’t give up! Remember why you started down this path in the first place, and keep moving forward. Every step you take gets you closer to your goal.