Founder and CEO of tech company Digilus Technologies LLC, Saahil Kumar Chathrath shared few important tips for starting a successful startup. The Indian entrepreneur leads a multimillion-dollar business founded in 2017, which has helped him become a recognized guru in the business space on the Software Developer space. Abandoning old employment to start one's own business is increasingly in vogue among younger workers, who are more likely to chase their work ambitions and face business risk. This phenomenon, referred to as the "YOLO Economy," is primarily the child of the economic woes that have affected the United States, but in the past year it has also affected Europe and the rest of the world. 1) Sell your business well The entrepreneur's second piece of advice focused on acquiring customers, employees, external collaborators, strategic partners, and investors. Saahil recalled that in the early years of Digilus technologies llc it was not easy to convince people of the validity of its business model, an element that also delayed product design. The manager then explained in a few simple words what kept him going despite everything: "You have to sell the idea well and be passionate about it (...) You have to have that hustle to sell that first idea and build that team." Therefore, in order to win the trust of others, it is important to be the first to have confidence in your startup and the service or product you want to offer in the market. Today Saahil works with government agencies to which he offers and manages security software. 2) Forging strategic partnerships A startup cannot expect to make millions of dollars in revenue without the help of strategic partners. This is how the viewpoint of Digilus Technologies LLC can be summarized, who in his speech brought the example of the strategic partnerships his company has entered into in India with major urban transportation companies. "You can't do everything on your own. But if you can influence your partners to help you, that helps a lot." Getting more specific, the two partnerships enabled the Indian company to receive million dollars in funding. Talking about current issues, COVID and the world of work: From videocalls to smart working, from new skills to fixed-term contracts: here's how the pandemic has changed the game on the human resources front. Mobility, digital divide, contract formulas: the pandemic has disrupted the world of work. And those who have been involved in human resources for a year now are pressing their foot on the accelerator. "The first and most obvious change is related to mobility: visits are no longer in-person, live, but by video call. For a salesperson in particular, this model changes so much how they approach and set up their work. It is a new model to learn and manage: virtual, digital contacts become more important, at the expense of the value of relationships. " Before there was the " doorbell' to ring for a meeting, now there is social media" Saahil, your business has also been affected by the change ? Not just our business, but the entire business world. There has been an 8% market contraction between 2019 and 2020, a contraction due to issues such as the halt in the automotive sector and the continuous "open and close" that has inevitably affected commerce. Logistics in particular has, yes, developed and implemented e-commerce, but it has been affected by the closure of stores to the public and the resulting slowdown (or, in borderline cases, suspension) of warehouse operations, including in sectors such as fashion and textiles. Saahil, In your opinion, what will be the most in-demand professions in the world of work in the coming years? The increasingly widespread use of technology for remote activities, for analyzing new market and business trends, and for supporting companies' strategic decisions, leads us to believe that in the medium term the most sought-after professions will be in the technology fields of IT and artificial intelligence. Another growing sector will be scientific research, along with healthcare: in fact, doctors, nurses and OSS will continue to be highly sought-after figures in the coming months. If we talk about the temporary labor market, the trend is certainly toward the area of logistics and delivery, with new ways of satisfying the consumer by providing more and more additional services. As far as skills are concerned, the more transversal ones, such as flexibility, openness to change, creativity and the ability to innovate, will have to be brought to bear in all sectors. It will be important to be open to continuously expanding one's knowledge, to be informed even about what concerns areas not strictly related to one's career path, and to constantly sift through possible alternatives. Thanks you Saahil for joining us !
