Billionaire Asish Mohapatra On Building A PROFITABLE Business From Day 1 | FO 64 - Raj Shamani
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In this latest episode of Figuring Out Podcast we are in conversation with Asish Mohapatra Co-Founder and CEO of OFBusiness and we have discussed:
-How to make a startup profitable from day 1?
-Top 4 most profitable business in India
-What are the right ways and tools to build a business in India?
-7 steps to become successful
Asish Mohapatra is an Indian entrepreneur, who is the Co-Founder of two unicorns startups in India. Asish has a B. Tech in Mechanical Engineering from the Indian Institute of Technology, Kharagpur, and an MBA in Finance and Marketing from the Indian School of Business, Hyderabad.
Asish Mohapatra was a venture capitalist with Matrix Partners India for five years before he turned entrepreneur by co-founding OfBusiness in 2015.
OfBusiness turned unicorn with a $160 mn funding round that came on July 31, 2021, thereby becoming the 18th Indian startup to turn unicorn in 2021. Oxyzo, the lending arm, and a subsidiary of OfBusiness, has also joined the unicorn club in March 2022, after it successfully raised $200 mn in funding, in what has been hailed as India's largest Series A round.
Watch this episode till the end to know how Asish built OfBusiness from ground zero and his thoughts on profitability vs growth and much more.
Asish Mohapatra's Social Media Handles ⤵︎
Instagram @asishmohaps
/ asishmohaps
Twitter @AsishMohapatra1
/ asishmohapatra1
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Timestamps:
00:00 - Introduction
03:13 - What content Asish consume?
06:13 - How to achieve top in everything?
09:20 - How did Asish get inspiration?
13:08 - Why doesn't Asish have his own cabin?
16:34 - Top 5 principles of Asish Mohapatra
21:23 - Why don’t make plan B
23:21 - Dhanda approach
25:08 - Everyone should be a salesman
27:08 - How to build a billion dollar business?
36:49 - 4 big billion dollar businesses in India
42:55 - Dollar Vs Euro
45:00 - How to export?
49:08 - How Asish learn business?
51:55 - Role model of Asish
52:53 - Why was Asish a terrible investor?
58:26 - Investment philosophy of Asish
59:21 - How I receive investment from Asish
1:03:27 - 7 steps to become successful
1:07:51 - How to find your passion?
1:11:03 - I have stopped celebrating
1:14:43 - Why startups fail in India?
1:24:07 - Commitment vs Competency
1:28:51 - Which business Asish likes the most?
1:39:36 - Top 3 business fundamentals
1:40:35 - Why should business be complex?
1:43:51 - Where does Asish invest?
1:46:24 - How to become an alpha?
1:56:22 - How to become a better salesman?
2:03:39 - Conclusion
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About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.
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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.
Пікірлер: 599
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@Abc-gw1dh
11 ай бұрын
Hats off
@nadirali8783
Ай бұрын
Sir please ask from every guest about business model and history please Business model priority for learning And history for encouraging
Not met any such down to 🌎 person like Ashish Sir in last 11 years...Proud to be under his leadership
@TheReality-TR
Жыл бұрын
Great yaar! Owners pride neighbours envy!
@Vishnu..480
Жыл бұрын
Sir I'mCA student
@FXBillionaire
10 ай бұрын
Lucky you. He is very ground to earth. Great guy.
India is at the same stage where USA was in 90s. We do not need 5 companies of Trillions Dollar but rather 5000 or may be 10000 companies of 100 million dollars. This will lead to two things, 1. All industries will have participation in growth & scale & 2. Per capital income of people will increase which will increase buying capacity & eventually will increase higher growth in national income.
@global9138
Жыл бұрын
But none of these startups have original ideas. All they copy from US.
@omthesmwgroup
Жыл бұрын
You have no idea about the world. Stupidity is also bliss.
@NilotpalHajong
Жыл бұрын
We should give opportunity for small unorganised sector business to run into organized way to Hit the target of Trillion dollar. 😂😂
@rajhegde5955
Жыл бұрын
.u😊
@fiercestguptvanshi6262
11 ай бұрын
I understand what you want to convey but their for 10000 company of 100 millions valuation has to sacrifice their life's entertainment
Key Takeaways 1.Dream big but prepare list of actions and items to achieve it 2.Be good at sales 3.Build excellent work culture 4.Be willing to do menial tasks 5.Need not take big risk initially 6.Give all out on what you are aspiring 7.If you can't do get something already existing
Now Raj Shamani is following lex Fridman's footsteps. He is also making long & interesting podcasts.
This video is litirally the biggest value bomb I have seen in longest time. 2 hours of complete wisdom 🔥🔥
This is one of my all time fav podcasts on your channel Raj. Such an insightful and a beautiful session this was. Thank you for sharing such quality content with us ! 😊❤👍
@rajshamani
Жыл бұрын
So happy to hear that 🙌
Amazing session. The way Raj picks the brains of these entrepreneurs is the key to get these valuable insights. First time listening to Asish sir. From him to talk about dhanda and also have the Mckinsey experience is incredible.
Wonderful podcast, never seen any podcast with so many insights into how companies work and build, Awesome!
My brain is completely filled making sence of all the points from this video. New circuits are forming inside of my brain by destroying or modifying the old ones. 😶 Thanks.
@mohitsabat2423
Жыл бұрын
Correct pointing dude"
Raj you are wonderful. Thank you for bringing these gems on the podcast.
The biggest thing is to shut down the mistake fast. Best line of my life 💘 I think this is the best podcast i have ever listen.
In India and generally in world, too much people are chasing 'achievable' dreams raising competition very high. Only few people are even attempting 'unachievable' goals and thus, competition is actually lower there.
@rudhisundar
Жыл бұрын
True!
@dreadfulbodyguard7288
Жыл бұрын
Every person who is liking this tweet, I want to meet them in real life.
@sampathmamidi
Жыл бұрын
Yes you are right
@shubhayanmandal4366
Жыл бұрын
@@dreadfulbodyguard7288 it's also a unachievable goal
The best podcast I've ever seen on KZread ❤️ it's a masterpiece 🔥 Hats off to you guys for making such a life changing content available on KZread for free 🙏 Thank you ❤️
First time seeing, Raj Shamani just have lot of things he is observing from Asish and so much obliged to get to know so many things about life and life business. The BEST EPISODE TILL NOW man!
great podcast, what better way to learn and make people learn at the same time,really enjoyed this episode with asish ji,
Asish Mohapatra # have an Unthinkable dream * # Go all in - apna paisa, time, effort, reputation, sab laga do is ek cheez pe. All eggs in 1 basket. # Making a list to get to ur dream will take time # Bada risk mat lo khaas kar shuruat me, survive karo pehle # Profits n Growth can go side by side # Be a Salesman Simple defn - Saamne waale ko interact karke maza aana chaiye. # Create a team of people who can do their individual jobs very good. Create a happy and bonding culture. # OBSERVE open mindedly -> U will find some good thing -> Chalo kar dete hai (yaad reh jayega fir). # Pain sehne ki taakat # Aadmi mazedaar hona chaiye # Be humble # Quick decision making, saare variables k liye mat ruko # Dont go with an agenda, go with the flow, things keep changing # Y individual fails - Lack of Goal(s) # Company ka Culture build karna and evolve karna shud start from Day 1 # Introspection - MAINE kya galat kiya? MAI kyu adapt nahi kar paya team k saath? # Its easier to train a Committed person to become Competent than doing vice-versa. To increas one's commitment - use Money, Maza, Fame. # Ek Main Business k profit me se chhote chhote naye businesses karo ; if u have reached 5,000 customers , sell some other product to the same as it's easier compared to expanding the business further # Jitna complex n difficult ek business hoga utna kam usko copy karenge log # how to be an Alpha - 1) Obsession 2) jugaad - kuch bhi karke wo obsession poora karne k tareeke dhundna 3) Give it ur all # Mistakes are Inevitable BUT you can do one thing => CUT YOUR LOSSES - agar koi business kharaab jaa raha hai, immediately band kar do, Shut down kar do. # A good salesperson- makes u feel Wow. Qualities of a great salesman 1) Connect at a very basic level e.g. hobbies, background 2) Carrot PLUS Stick Agree PLUS Disagree - fine balance So that he wants to give u order plus u make a profitable deal 3) Affable PLUS Humble 4) Confidence 5) Energy, Eternal Optimist # Irrational Optimism
All the best for your book 📚!! Got dam excited to read it😁!! May you be the best selling author 💜😌
Loved that export & competency part from this podcast...💡
Before watching the whole podcast..I would say thank you for this MBA..superb ..knowlegeable..Its wow..Raj Shamani..Kudos to you for this kind of podcast..Ashish sir thank you..
This is one of the best podcasts that I ever saw on this channel & made a note of a couple of things. Keep bringing in more and more smart people on this podcast.
@rajshamani
Жыл бұрын
Thank you ❤️
Wonderful .. wonderful.. wonderful....cool...calm...fully open on his experience... Great content.. Thanks a lot..lot of learning..
Biggest takeaway... Top 4 Businesses: 1. Lending - people are ready to pay for credit 2. Export businesses - services and products. Earn in dollar/euro, spend in rupees. Talent is cheap in India. 3. License/permission based businesses. (has a moat that others can't breach) 4. Distribution led businesses in India (B2B) - reach where no one can reach. Other take aways: - Don't brood over mistakes, keep moving forward. - India has limited opportunity, so go full charging towards your unthinkable dream. No plan B. - Everyone should be a sales man. Should be a pleasure to talk with.
@pritammahapatra_
Жыл бұрын
Thanks bro
Really excited about fact that now the videos are running for more than 2 hours
This was really good about 4 business in indian market this was appreciating for me I have studied one best college in uk couldn't understand anything this podcast really helpful for me thanks 🙏
Gooood one!!! You made me stick to my screen for 2 hours!!! 🙌🏼💯 interesting conversation!!
It was awesome.. Great learning. I really liked the discussion on Competent and commitment if people.
36:50 - Top 4 Businesses: 1. Lending - people are ready to pay for credit 2. Export businesses - services and products. Earn in dollar/euro, spend in rupees. Talent is cheap in India. 3. License/permission based businesses. (has a moat that others can't breach) 4. Distribution led businesses in India (B2B) - reach where no one can reach. 1:7:36 - What is passion (interest level) 1:15:12 - Why businesses fail 1:15:37 - Why individuals fail
One of the best pod ever! 10/10 on Knowledge, Experience, wisdom! Learnt so many things.. Thankyou so muchh 🙌🙏
This is by far the best podcast I have seen. So much to learn and unpack here. The best part is the content was simple and easy to understand however very very high quality and real. Thanks for sharing your experience. I am a professional and not doing any business, however I can apply a lot of these learning’s to my work every day to become a better professional
Raj... You are a gem for our country. ♥️ Love you brother.
This is your best podcast by far. Thanks for bringing in Asish!
This guy has amazing much energy So much learning for this podcast Salesmanship is the only way to move up the ladder
I have liked that idea of 4 businesses....and that thing which sir has mentioned about unthinkable dreams ❤️ and how to execute it!!!💜😌 Thank you so much Raj sir!!! I didn't even knew this great business man!!!
Thanks brother for such a mind-blowing figure out podcast.
great insights...i have noted down the points. thanks Raj and Asish sir for the time and valuable inputs.
This is really superb content.Clear, useful n comprehensive.great!
This video will be appreciated well by one who has done at least some business. Whatever has been discussed is so true and so helpful that I cant explain. This video is priceless
I listened full podcast on Spotify but here only to press the like button... cause it's a master piece...🔥
Unstoppable, Culture, Goals liked the workable perspective 👏
The energy in this video is probably the biggest reason I am enjoying this :)
RS ur a very good & gracious host. Saw your 1st episode, but started subscribing to it.
Brilliant discussion. A lot to learn. Stay blessed.
Author Raj. Super Duper happy for you brother You have been simply crushing it. God bless you buddy. MPTY
@rajshamani
Жыл бұрын
Thank you so much 🙌
I have already received the book and read the first chapter.. the education system suck... Before that you have asked us to read only one chapter a day instead of reading the whole book... That's really amazing I'm very curious to move on ....
Very insightful video Raj. Thanks for sharing. !!
Proud Odia Bahut dhanyabad bhai apana nka bisayare janibaku bahut icha thila dekha haba dine sure
What an amazing person... Thanku Raj👏👏
love your podcast, looking forward to watch more
Brilliant interview, thank you for sharing
This was one of the best podcasts I have ever listened + watched 😃
this is the convo, heard from start to end in one sitting with notes
This podcast is really valuable for me
one of the good conversation i have heard in this year through such a great personality mr. ashis mahapatra sir very good explanation about compony failure & individual failure & also get about the qualities about alfa..!!! thanks to both of them
Sir it's great learning from him...I know him and his sister very well.
Really like this podcast! Was very inspiring. Keep going, Raj Shamani & Team! 🤘
Just commenting again..its superb..Its really helpful..It just Wow..
This is very good podcast, Only one spark we know about our self , and that person achieve who want.
Way of presention is excellent Raj Shamani! Watching time flied like
Enjoyed this conversation a lot. Thank you so much ❤
So much learnt in this podcast :)
One of the best podcasts out there
Most of your podcasts are about individual growth and success stories. This one felt like a personal mentorship session. Big thanks for bringing this out for us!
this is so insightful
Hey Raj love all your podcast videos really good to see you doing it Love from bangladesh 🇧🇩 hoping you bring startup founders from bd to your podcast
Superb content. Thanks for making it
Today first time i watched such podcast, got so much knowledge.
One of the most amazing podcast ever 🙌🏽
Wow excellent podcast thank you raj you are doing great job and special thank you asiah mohapatra you done excellent and I said I learn many thing from your views
This is your best episode..learn a lot
Really informative really love it thank you very much
Bhaiya aapse bhout inspire hote hai hum.. thank you itna acche videos banane k liye
Wow it’s great explanatory…thanks
best episode , hands down 👋👋👋👋
Very inspiring and interesting podcast that really connects with the people who really did big in their life and also make us believe that anything is possible if u r taking action towards ur goal . I truly belive introspect really plays a big role to achieve that . I m also glad that I watched this podcast and also helps me for making a strong mind set.
Great podcast. Thank you for your learning. I learn a lot form this podcast also make good notes.
Think unthinkable and make a list Solid learning.
My god these 2 men are soo so intelligent , I feel so humbled , I am nothing .
Ashish Mohapatra sir ka podcast very useful in my life so very thankful to your podcast
Raj , this was a very good interview. You took out best info from your guest.
Best video till now ❤️
He is such a good listener. Awesome.
A very insightful episode.
Thankx Bhai for this.... I learn a lot ✌❣️❣️
this podcast DAMNNN this podcast . i am only half way through but damn
Best poctcast ever never learn these many thing at one 👍👍👍👍👍
This is one of the most informative podcast .
One of the best podcast. The real baniya type of things i have learn from this.
Thank you yaar for everything about entrepreneurship 💸✅👍
Bhai you are unstoppable🔥... itni sari chize karne ke liye time kaise nikalte ho yar🤔
@dibyendubera3756
Жыл бұрын
Raj follows Ankur Warikoo's time management course and learns from there 😄😄
@rajshamani
Жыл бұрын
Thank you 🙌
@ankiysa3430
Жыл бұрын
@UCBUuw-T48_uWaFb6Kzbexvw but acha hai na rather then reading the books podcast are great Due to podcast i have learned so much from last 1 year today i am team leader Because of great creator of India are creating good podcast
@UnboxVlogs
Жыл бұрын
Thank you karke nikal ta hu
Great podcast. Thank you
Generally I don't comment on youtube but I saw randomly your podcast 2 hour continously I think aap dono ki baat sun Kar Mazza aa gya I think I need part 2 of conversation also and learnt a lot. This man is true jem Thanks for making just beautiful podcast
This video is the firstone i watched from your channel and seems like a goldmine. If anyone is looking for beat places and people to work for this is the right place. I will search abt this guy Ashish and try to see if something can be workedout. And yeah i also going to buy your book Build dont talk. Best luck.
It was indeed an awesome podcast.
Buddy your podcasts are awesome
Loved it thoroughly 🤞
The best podcast ever Enlightening
It's awesome & Got a lot to learn.
Ashish is really a practical guy. Really really impressive that kind of general awareness he has!
Great conversation raj loved it