You cannot predict the waves, so you also need to be totally ready to make mistakesRead more...
No. 1 mistake: Building a 'nice to have' and not a 'painkiller'
Vator’s community is the home to entrepreneurs who embrace their passion and follow their dreams.
Our newly-designed profiles allow members to express themselves by sharing their interests, lessons learned, as well as bits and pieces of their roller-coaster journey.
These profiles give entrepreneurs an opportunity to showcase themselves and tell their story.
So if you are an entrepreneur, a serial entrepreneur, or even an aspiring entrepreneur, we'd like to hear from you.
Today’s entrepreneur is Reena Jadhav, CEO and founder of nuAlerts
According to her VEQ, Reena is a thought leader and is good at marketing management and team motivation
I am a(n): Entrepreneur
Name companies you've founded or co-founded:
Done, JobFlash, nuResume, nuAlerts
Name companies you've invested in:
JobFlash, nuResume, nuAlerts, nuVIPClub
Name startups you worked for:
Conduit, Done, JobFlash, nuAlerts, nuVIPClub
If you are an entrepreneur, why?
I want to change the world.
List your favorite startups:
SeeClickFix, ShopKick, nuVIPClub
What's most frustrating and rewarding about entrepreneurship/innovation?
Exhilarating to see positive impact of my ventures on those who most need change.
Frustrating and humbling to realize there isn't really a proven formula for start-up success. That even great ideas and products don't always get adopted or see success. But working 24/7 to create that "magic" formula for success over and over again has its own appeal for entrepreneurs like me.
What's the No. 1 mistake entrepreneurs make?
#1 Mistake - Underestimating - from how much to raise to how long something will take.
#2 Mistake - Building a "nice to have" and not a "painkiller". Insufficient customer research coupled with subjectivity and a dollop of short sightedness. But then again some great companies have emerged from just such a birthing ground...
#3 Mistake - Not course correcting fast enough.
What are the top three lessons you've learned as an entrepreneur?
1. Solve a Real Customer. Focus - Focus - Focus.
2. Business Model is key!
3. Hire the best and fire fast.
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Joined Vator onReena Jadhav is a 4 time entrepreneur (Done.com, Conduit, JobFlash, Riiwards), now working on HealerPedia.com, start-up Advisor, and Investor with Valley incubators. Harvard MBA, Summa Cum Laude Wharton Business School.