We invited Punit Bhosale, Managing Director – Projects at MercurIT Technologies for an interview with Most Popular Stories to know more about his entrepreneurial journey.
MercurIT is an emerging Software Development Company and result-oriented service provider at competitive costs across the globe. They are a company excelling in software development services.
1. Tell us a little bit about yourself and your journey as an entrepreneur.
My journey towards entrepreneurship began in 2012 risking my career to go for full time for a start-up with “HD Technologies” as Founder and CEO, Continued further journey with “MercurIT Technologies” as Managing Director-Projects. I was ready to accept the entrepreneur journey which is full of ups and downs.
It consists of many successes but has its own cons too. This is a journey of self-exploration an entrepreneur needs to continuously improvise, think, develop a strategy, and predict.
I grew up in a Government job holding family background where we are always taught that business is not for us, it’s for Business background families but this struck me hard and I gave a deep thought about this and understood that it’s nothing like that in fact,
“I strongly believe that entrepreneurship is not about money, fame, and popularity it’s about your passion, learning & craziness to change something, create something, do something in a different way”.
It was very hard for the initial 2 Years since convincing clients to go online for business was difficult back in 2012 with limited access to the internet, we constantly grow-up with learning and failures, I believe failure is the first step to success.
At “MercurIT Technologies” we are of 4 talented directors(Shrijith Shetty, Kumar P, Veerendra H, and me) we each combine with different skill-sets which is our strength altogether.
2. Why did you choose entrepreneurship over a job?
Entrepreneurship is a passion, and commitment towards passion, my goal is to create a better tomorrow; Entrepreneurship gives me the opportunity to build or transform the world around me in the way I want it to be.
It helps me to encourage and inspire people to work together to build a better tomorrow.
3. Describe the services that you offer to your customers and in what the way they are unique?
Mercury is the closest planet to the sun and the smallest one in the solar system. It was named after the Roman messenger god “Mercury”.
MercurIT will act as a messenger to business users and technology solutions in order to strengthen & enhance your services.
We use all the latest technologies to innovate & create a higher level of reliability in our solutions. While you focus on your core business process, we strengthen your services.
Right from Artificial Intelligence & Analytics, IoT (Internet of Things), Technology consulting, Infrastructure Security services, Unified Communications, Managed Services and etc., and Our Company’s aim is to deliver premium quality services and products to giving unmatched value to enterprises worldwide at an affordable cost.
4. What difficulties which you have faced or you are facing?
Start-up is the new world. Every other guy is setting up his own venture or expanding his business. As number drives number, more start-ups mean furthermore people being motivated to start the entrepreneurship journey.
As a young entrepreneur, you will find that not everyone will take you seriously. They will tell you that you are too young to build a successful business. They will be quick to tell you just what they think you are doing wrong. At times, the criticism and the self-doubt it
fosters might get to you. As your business struggles to get off the ground, you could start to doubt yourself.
Setting up an Initial Team is Difficult; Building the core team is the most tedious task you will have major challenges while picking up the team to identify the right set of skill sets needed for your start-up. You have to make sure that the composition of the team is perfect, at the same time, with limited resources, you don’t have the liberty of ‘extras’ in your team.
There is no one customer or one big deal that can make you successful. Success is a gradual process. Every single day ordeal is one small step towards that mighty goal. The overnight success is no untrue outside the world. So, don’t expect that moment you launch your product, the world would go popular.
Customers over-demanding with small budget.
5. How do you handle the pressure and manage stress?
Performing multiple tasks at the same time and taking risks is a known fact about any start-up which is the outcome as a success.
Focus on the activity rather than the outcome.
Having a great Team to communicate about company plans and progress.
6. What is one strategy that you believe has helped you grow as a person/start-up?
Being Decisive, Responsible, Focused and Learn from failures.
The decisions that you make, regardless of whether they are small or big, will affect your success in life. Being responsible and taking your responsible serious is important. Anything of any worth needs to be managed.
Focusing on the goals that you set will help you become successful. Without focus life becomes a blur, so make sure you stay focused and hold your goal in your subconscious mind.
7. How your company is helping India to grow?
In this epoch of Artificial Intelligence, real-time prediction of customer behavior, market trends, and wisely acting upon them is significant for any business to survive in the run as well as discover new opportunities in the market. Framing proper business questions, then finding answers by data-driven analysis is essential, else one may go astray in decision making.
Customers are spoilt with too many options, and to hook on to them and having long term engagement is only achievable by identifying customer actions and influencing them through effective campaigns.
MercurIT has great expertise in Machine Learning and Data Analytics, we help in transforming your data into an invaluable asset that can deliver business value. Our Analytics solution includes a host of techniques to mine mountains of data, discover precise patterns, make accurate predictions, and prescribe an action item for businesses to
support decision making.
MercurIT’s Customer data platform provides clean and enriched data that can be used to make better predictions and recommendations, be it customer selection for marketing campaigns, listing coordinating products on e-commerce sites, or price predictions and risk analysis for financial products.
- Accessing data from Industrial control systems is very complex and expensive. We bring value-added Artificial Intelligence techniques for enchantments in operations. Our product intends to democratize the data access in Control systems and give analytical services. The fairly simple and low-cost solution that our product provides will revolutionize the industrial automation sector.
- Small & Medium scale industries will be able to have access to analytical services at low cost, which will boost their business plans and revenue.
- The product will motivate entrepreneurs to work in the Industrial Automation sector and will aid Make in India concept.
“Without big data analytics, companies are blind and deaf, wandering out onto the web like deer on a freeway.” – Geoffrey Moore, author, and consultant.
8. What advice would you give to someone starting out as an aspiring entrepreneur?
Six Key Mantra.
- Set very specific goals.
- Believe, don’t get feared of Failure.
- Learn from failures.
- Don’t Give Excuses.
- Understand how to Acquire Customers.
- Build a Team of Specialists.
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