Prakash Chand

Prakash Chand

I apply the discipline that sport has taught me on my journey as a serial entrepreneur.

Toronto, Canada
Accredited investor
Member since October 31, 2010
Being a 68% average student in high school and being told by teachers and everyone that I wont be successful, I want to prove that our education system has no correlation with success. I was lucky that sport gave me the confidence to believe in myself and I truly believe that everyone learns differently. Don't let just marks and grades be the determining factor for your success. Put your head down and work hard everyday at what you love. Quote_down
25 Splash Points
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2 thumbs up
16 companies followed
Following Followers
About Prakash
Company profile(s)
Investor interests
Type of investor Angel
Typical investment size $25,000 - $50,000
Typical investments in a year 4
Categories of interest
Locations of interest
Credentials Accredited Investor
1998 Vincent Massey High School , High School

I am a(n):


Companies I work or worked for:
Achievements (products built, personal awards won):

Built Canada's largest residential cleaning service that does many millions in revenue yearly.

If you are an entrepreneur, why?

I want to change the world.

My favorite startups:

napster, netflix, facebook, google, space x, kosmix, instagram

What's most frustrating and rewarding about entrepreneurship/innovation?

Most frustrating thing about entrepreneurship is the red tape put on by governments. They really slow down entrepreneurs by making them jump so many useless hurdles.

The second most frustrating thing is how many people think the tech space is an easy way out from their current career. Many people come to me with their "million dollar app idea" on a daily basis.

They don't realize how hard it is and how many years of work it takes to build great tech companies such as facebook, instagram, twitter, etc.

If you are looking at wanting to build a tech company because you think it's the easy way out, you definitely haven't done even 1% of your homework.

What's the No. 1 mistake entrepreneurs make?

1. The notion that you need money upfront to start a business. I started Toronto Maid Service with $15 in my pocket and a mop/bucket in the trunk of my car cleaning other peoples homes. We now do over 8 figures in revenue yearly.

2. I have had many people come to me for money to invest in their business when they haven't even fully committed to their business idea. You can't be an entrepreneur part time. If you want the safety net of a job while building a business, you are going to get killed because the competition out there is too fierce.

What are the top three lessons you've learned as an entrepreneur?

1. Don't rely on anyone else to get the job done for you, get it done yourself

2. Only go into business with people you trust your life with. Trust is the hardest thing to gain, yet you can lose it very quickly.

3. Don't waste your time at these networking functions. At the end of the day the money is made when you are "on the line of duty"

4. Spend lots of time on hiring the best people. If someone is slowing your business down and is not 100% committed, don't feel scared to let them go. Remember you are as strong as your employees and their commitment level.

Full bio

Trained and played badminton for many years and made some amazing friendships along the way.

Retired from playing tournaments in 2005 after some injuries and started the next chapter of my life as an entrepreneur.

Failed miserably at many ventures but nailed one in 2006 which was a residential cleaning service called Toronto Maid Service. Expanded this company to 8 major Canadian cities over 5 years and company became rebranded as Premier Canada Maid Service Inc. and is now Canada's largest privately owned cleaning company.

I started this business with $15 in my pocket and with lots of hard work and a little bit of luck I was blessed that it took off. I learned the business inside out from cleaning houses myself to building our first online scheduling software when we expanded nationally. We also branded a new cleaning company in Manhattan known as New York Maid Service.

With many other ventures underway I began focusing on Ask The Doctor around 2012-2013 and its a business that I am passionate about. To me it's not about the money for this business, it's about changing healthcare worldwide and increasing the average life expectancy worldwide with the power of technology.