Hey, I'm Vishal Gupta.

Fun fact: I hate taking selfies.

Here's my story:

Back in 2016, at Bengaluru (the start-up capital of India), I built my first business, a consumer electronics company. The idea was to design & sell innovative electronic products. May be because I wanted to be a 'Steve Jobs'(LOL!). For manufacturing, we tied up with a local manufacturing firm.

After an intense 6 months of R&D, we came up with a prototype of our first product (it was a speaker with an ability to remix sound effects). The manufacturing too went on smoothly & we had our first batch of 300 speakers ready.

Now what?

With no marketing plan in place, we decided to randomly target the local wholesalers & distributors. I spent around 5 days going from shop-to-shop at the busy SP Road (one of Asia's largest electronics hubs). Turned out that nobody wanted our product. Except a small wholesaler who ordered around 10 units & never entertained us again.

Our funds started to dry up. I had to pay office rent & salaries to my employees. With no sales in the hindsight, I decided to vacate the office space & fire almost all employees.

The last pic of my office before I vacated it.

As you can guess, I finally had to shut down my dream start-up. On financial front, I had lost more than $ 30,000.

What a colossal failure!

My friends & family members advised me to take a 9-to-5 job, But, I was clear on what I wanted in my life – freedom.

The challenge was to figure out what went wrong & start-up from scratch with almost nothing. Yes, I had lost all my savings.

As I delved more into my failure, I came to realize that it wasn't our product at fault. I failed primarily because I didn't know how to sell my products & manage an organization. When it comes to success or failure of a business, there're so many variables involved. It's never only about your product or team.

To improve my skills, I read more than 100 business books, spent hours watching videos, attended seminars & interviewed many successful business persons.

By the end of 2017, with all my new-gained business knowledge & wisdom, I decided to start-up again.

💥 Fast forward 2021, my business is on growth trajectory with around $ 40,000 sales a month. I manage a team of 8 promising professionals. Yes, it's been a dream run.

The figures are in INR (Indian Rupees)

So, what changed?. How did I manage to pull off?

The biggest lesson I learnt was -- you NEED a certain level of business knowledge & skills to succeed in your business. That's what separates successful entrepreneurs from the unsuccessful ones. The successful entrepreneurs keep learning & improving. Whereas, the unsuccessful entrepreneurs never hone their knowledge & skills.

Look, business is an art. The more you learn AND implement your learning, the more success you're likely to see.

"Today knowledge has power. It controls access to opportunity and advancement." - Peter Drucker

Following are core lessons I learned AND implemented in my new business:

  • Funding will never be a problem once you understand how to plough your profit back into your business & compound the same.
  • Don't fall in love with your products. Instead, love your customers.
  • You got to keep learning & improving. There's no other way out. Reading books, watching videos, attending seminars, talking to successful business owners, etc. are a few things you can do to improve your business knowledge & skills.
  • Keep a tight control over your funds. Spend only where it's absolutely necessary.
  • Hire someone who can get your job done, not someone who has a degree & some superficial knowledge.
  • Do 4 business rituals everyday = marketing, sales, collection & gathering customer feedback.
  • Build a recurring customer base who're going to buy from you again, again & again.
  • Seek guidance from a business consultant or coach if you feel overwhelmed.
  • Have patience & don't give up.
  • Scale everyday. New products, markets, hiring, customers is all what you should be obsessed about. Never be satisfied.

I wish I knew the aforesaid lessons before I started out. There wasn't a single resource on the internet that shared practical & actionable business knowledge.

"Be the change you want to see in the world" - Mahatma Gandhi

👉 I started Bizain in 2018 with the sole objective of delivering business lessons that entrepreneurs can use to grow their own businesses.

The internet today is filled with business lessons that don’t make much of a practical sense. I wanted to change that. As an entrepreneur, I understand that business lessons need to be SUPER-HELPFUL & PRACTICAL.

So, that’s how the idea of Bizain (Business{Biz} + Gain) was born.

The essence of the idea was to deliver practical lessons to business owners. Within a short period of the launch, Bizain has earned thousands of fans from across the globe. I love interacting with entrepreneurs & solving their problems. That’s what makes me happy & motivates me to contribute more.

While growing up as a child, I was always surrounded by entrepreneurs (since most of my relatives were into business). Those experiences perhaps ignited the entrepreneurial passion in me. I always wanted to be one like them.

It's time to give back all that I've learned over the years. If you need help for your business, you can contact me. I'd be happy to help.

Some interesting & random facts about me:

  1. I’m a qualified Chartered Accountant
  2. My friends call me a “book-worm” (LOL!)
  3. I love Biriyani
  4. I had a short job stint before starting up
  5. I’m an introvert
  6. My first startup failed (miserably)
  7. I’m 5’7″ & 65 Kgs
  8. I spend a lot of time on YouTube
  9. I miss Orkut (Good old memories!)
  10. I'm married
  11. I’m 31 years
  12. I don’t drink or smoke
  13. I love watching cricket
  14. I got a rank in my college (Ravenshaw University)
  15. I sleep a lot (usually wake up at 7:30 AM)
  16. The first time I went on a public stage (in school), I literally froze.
  17. I start my day with a cup of tea

Here’s my Twitter & Quora. Though I’m not kind of much active there. The best way to contact me is by sending a message.