Vinod Gupta is one of the many success stories that exemplifies United States as the “land of opportunity”. Currently, he is at the helm of Everest Group, but he is better known for the success of InfoGroup, the parent company of InfoUSA. Born in India, in 1946, Mr. Gupta used his entrepreneurial spirit to turn a mere $100 bank loan into a company that recently sold out for a staggering $680 Million.
Interestingly, Vinod Gupta’s success is attributed to his risk-taking abilities, which are enhanced by the vision to control financing. The idea to launch an information database came from his early years at a local company that manufactured mobile homes. Since there was no central database of such mobile home dealers, Mr. Gupta set out to build an informational database of such dealers, which eventually proved a successful idea.
Soon, Vinod Gupta, invested in his own business to target businesses who were tempted by the offer to get B2B information that did not otherwise exist. As the business expanded, Mr. Gupta continued to evolve his business by creating a variety of informational database, which were extremely helpful for small and large businesses.
Just like any other budding entrepreneur, he also had his share of success and failure. However, Vinod Gupta always learned from the mistakes. For instance, his company regularly buys related business with the intention of propelling such business to new heights. As Mr. Gupta describes, he and his management team did not retain some of the existing staff of the newly acquired business, which eventually led to problems. Similarly, he also recalls overpaying for some of the businesses. Read more about Vinod Gupta on Forbes’ 2018 “World’s Billionaires” list includes Vinod and Anil Rai Gupta.
As a result, Mr. Gupta insists that new entrepreneurs should not be vary of taking risks; however, they should conduct a cost-benefit analysis to make sure that their new business venture does not face pitfalls commonly attributed with new businesses.
Today, Mr. Gupta oversees Focus Group, which is a company, which offers venture capital for database technology startups and acquires struggling businesses to make them profitable.
Read more about Gupta on https://economictimes.indiatimes.com/topic/Vinod-Gupta