The Entrepreneurial Journey of Mr. Rajesh Mhaske Sir | Tech Talk Friday | #ttf

Summary

In this episode of Tech Talk Friday, host Wandana interviews Mr. Rajesh Muser, Chairman at NC and NMIT and Trustee at NMPM Trust. Mr. Muser shares his entrepreneurial journey, starting with a small industry in 2000 and overcoming initial financial challenges. He emphasizes the importance of self-motivation, having a clear vision, and the necessity of both technical and financial knowledge for success. He also discusses the importance of staying updated with technological advancements through exhibitions, seminars, and online resources.

Takeaways

• 😀 The speaker's career journey began around the year 2000, working for a company after completing education, which led to the establishment of Mask Polymers and Manas Automotive Ltd.
• 🚀 The motivation to start a business stemmed from a childhood dream and inspiration from observing other industrialists, highlighting the importance of having a clear vision for the future.
• 🛠️ The initial challenge faced was financial management, which is crucial for the success of any industry or startup, with the speaker emphasizing the need for both technical and financial knowledge.
• 💡 The speaker's first entrepreneurial steps involved purchasing a machine to cut PTFE Teflon parts, which marked the beginning of the business journey.
• 🔄 The speaker experienced a period of no sales for several months after starting the business, but the decision to persevere eventually led to growth and success.
• 💼 The importance of self-motivation was stressed, as it drives one to think about future actions and meet the right people to achieve one's vision.
• 📈 Keeping up with technological advancements is vital for sustainability in any industry, and the speaker suggests attending exhibitions, seminars, and staying informed online.
• 🏢 The speaker's educational background included a diploma in mechanical engineering and a part-time degree while working in the industry, showcasing the value of multitasking and continuous learning.
• 💡 The speaker's advice for students and entrepreneurs is to be self-motivated, have a clear vision, and actively engage with the environment to learn and grow.
• 🌐 The importance of understanding and adapting to the latest industry trends and technological advancements was highlighted as a key factor in staying competitive.
• 📚 The speaker's experience suggests that learning from mistakes and gaining knowledge over time can lead to success, even if it takes longer than initially expected.

Q & A

What was the starting point of Mr. Rajesh's career?

Mr. Rajesh's career started around the year 2000 after the completion of his education, where he worked for one company for about 10 years before starting his own industry.

What motivated Mr. Rajesh to start his own company?

Mr. Rajesh was inspired by other industrialists and had a dream to start something of his own. He purchased a machine and started cutting PTF Teflon parts, which marked the beginning of his entrepreneurial journey.

How did Mr. Rajesh manage to balance his job and his new business venture initially?

Initially, Mr. Rajesh managed both his job and his new business venture simultaneously. However, he found it difficult due to the demands of the industry and decided to focus solely on his business after a few months.

What were the challenges Mr. Rajesh faced while establishing his companies?

The first and major challenge Mr. Rajesh faced was finance management, which he identified as a key factor in the success of any industry or startup.

How did Mr. Rajesh address the financial challenges he faced?

Mr. Rajesh learned financial management over time through studying, making mistakes, and gaining knowledge. He emphasized that technical knowledge and financial knowledge are both important for entrepreneurship.

What was the initial sales figure for Mr. Rajesh's business and how did it progress?

In the first month of his business, Mr. Rajesh made a sale of 15,000 rupees. However, for the next four to five months, there were no sales. Despite this, he did not give up, and the business eventually picked up.

How did Mr. Rajesh keep up with technological advancements in his industry?

Mr. Rajesh kept up with technological advancements by visiting various exhibitions, attending seminars, and staying informed through online resources.

What advice does Mr. Rajesh have for students and young entrepreneurs regarding self-motivation?

Mr. Rajesh advises that self-motivation is crucial. One should have a clear vision for the future and be proactive in learning and meeting people in their field of interest.

How does Mr. Rajesh view the importance of having a clear vision for the future?

According to Mr. Rajesh, having a clear vision for the future is essential for success. It guides one's actions and helps in making informed decisions about what to study and who to meet.

What is the significance of the environment and the people one surrounds themselves with, as per Mr. Rajesh?

Mr. Rajesh believes that the environment and the people one surrounds themselves with play a significant role in personal and professional growth. It helps in staying inspired and learning continuously.

What was the turning point for Mr. Rajesh's business after facing no sales for several months?

The turning point for Mr. Rajesh's business was his decision to not give up despite the initial lack of sales. His persistence and consistency eventually led to the growth of his business to nearly 500 people on board.