Keep reading for FREE
About Asish Mohapatra
He is a Co-Founder and CEO of OfBusiness and Oxyzo Financial Services. Since his childhood, he was interested in records and poems. He was an avid learner of sports records.
He attended the Indian Institute of Technology (IIT) and Indian School of Business (ISB) before taking a consulting role at McKinsey, then transitioning to venture capital, and ultimately founding his own company.
Recently, he made an investment in dezerv, a company bringing wealth management to the middle class.
Think about the unthinkable.
He understood from his experience that most startups lose money while expanding. Consequently, he made profitability his goal—a seemingly impossible feat since in India, only Zoho and Zerodha have achieved $100 million in Profit After Tax (PAT).
To succeed, the whole team must believe in the unimaginable and strive for a solution to multilayered problems.
One of the biggest moats to have is 'complexity.'
In his childhood, he saw a classmate come in a big car and had nice things with him. He asked his mom, why can't have such things.
His mom replied, "woh bade log hai" i.e. they are rich.
That's when he got curious what is the meaning of being rich. He kept researching as a young boy for around 4-5 years.
He finally made a list by grade 6. He defined rich as:
Drawing inspiration from US history, he founded his own venture based on three fundamental rights: Liberty, Equality, and Fraternity.
As a result, he shuns the concept of a personal cabin and all employees have access to the same resources, like shared parking spaces, economy class travel, and hotel room sharing.
In his company, there are designated rooms that have either a company's name or an entrepreneur's name on them. For example, they have PayPal, HDFC, Zerodha, etc.
1) Creating wealth not just for yourself but many people associated with the business.
In his two companies, there are around 1600 people. Among these, around 800 have ESOPs.
2) It should be a fun workplace.
Keeping the work environment easy, only then he will be able to give his 100 percent.
3) Think big.
Dream the unthinkable.
4) Go all in.
Don't keep plan B.
5) 'Dhanda' approach.
The moment you invest your time in something, it should make money. In other words, the business should make money.
6) Everyone should be a 'salesman.'
To start anything, you need to SELL.
His definition of a salesman is the other person should enjoy listening to you.
If every person is a salesman, our relative chances of winning are higher.
Characteristics of a good salesman:
Think unthinkable but the road should be a real one.
1. First think of making a profit.
2. Have at least 10 really good people with various skillset.
He defined 'really good' as people who I cannot match and I salute them for what they do. For example, a creative video editor.
3. Bring cultural elements that will be long-lasting.
For instance, in his company, everyone does their job. The CTO still codes, the CFO still does the accounting, etc.
4. First 2-3 years, focus only on things that you know you will get done for sure. Don't take a big risk in the initial years.
In addition to the above points, you may aim for the US market.
Anything that you export from India (products & services) will bring revenue in $.
The US market has a higher consumption rate as compared to the European market.
There are two ways to grow:
Organic: needs excellent execution
Inorganic: through acquisition, needs capital and vision.
Company successes don't require recognition, but individual successes should always be celebrated. Without goals, an individual won't get far.
For example, if a friend answers "going on" when asked how he's doing, it's likely he hasn't set any objectives. But if he's discussing his aims on the call, odds are he'll succeed.
Businesses may not always have a concrete culture in the beginning, but opportunities to improve are always available.
value of creating new solutions to address present challenges, and highlights the benefits of teamwork despite potential challenges.
Management concepts explained like tweets.
Asish Mohapatra, the Co-Founder and CEO of OfBusiness and Oxyzo Financial Services, shares his thought process, motivation, and principles for success in this podcast. He also provides tips on how to create a billion-dollar company and increase employee commitment. Learn from his experience and insights to achieve your goals.
MORE LIKE THIS
Ready for the next level?
Read Like a Pro
Explore the World’s
Save ideas for later reading, for personalized stashes, or for remembering it later.
# Personal Growth
Take Your Ideas
Just press play and we take care of the words.
No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.
Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.
2 Million Stashers
Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.
This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!
Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.
Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.
Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.
Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.
I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!
Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.
Read & Learn
Access to 200,000+ ideas
Access to the mobile app
Unlimited idea saving & library
Unlimited listening to ideas
Downloading & offline access
Claim Your Limited Offer
Get Deepstash Pro