What is the best piece of advice you have ever received? ‘Make sure you surround yourself with a great team’. It was from my former boss at Morningstar. Many of us believe that we can do everything ourselves but as the business grows you realize how important it is to have a really good team that you can trust and count on.
- What has been the steepest learning curve for you? The steepest learning curve for me has been managing the stock because inventory for a jewelry business is very expensive. Setting up the business wasn’t that hard because I was lucky to be able to tap into my family’s in-house expertise. The toughest thing is to sustain growth the business and keep the business going.
- What would be your advice to young budding entrepreneurs? ‘Think big but start small’. Test your products with clients to see if there is demand, how many units you can sell, and what margins you can charge. And when you run the numbers, make sure you run for the worst case scenario and build in enough cushion for the rainy days.