Technology Enterprenuership

Manoj Naudiyal | Founder & CEO | Arohar Technologies Pvt Ltd

What is Technology Enterprenuership?

A Career in Technology Enterprenuership is very interesting. Unfortunately, it is very difficult to find information about What Technology Enterprenuership actually is. Most pages on the internet just talk about How to get into Technology Enterprenuership. It is best to learn about Technology Enterprenuership from a real professional, this is akin to getting it from the horse's mouth.

Founder & CEO Manoj Naudiyal is an experienced professional with 4 years in Technology Enterprenuership. Founder & CEO Manoj Naudiyal describes Technology Enterprenuership as:

Technology entrepreneurship is an investment in a project that assembles and deploys specialized individuals and heterogeneous assets that are intricately related to advances in scientific and technological knowledge for the purpose of creating and capturing value for a firm.

How Founder & CEO Manoj Naudiyal got into Technology Enterprenuership?

I am a seasoned technologist with about 15 years (Half a decade in USA, Couple of years in Australia and a few years in Banlore/Pune, India) of diverse IT experience in software product designing and development. I am a person with great ability to quickly build rapport with business people and technology members.

Founder & CEO Manoj Naudiyal's Talk on Technology Enterprenuership

Navigating the Realm of Technology Entrepreneurship: Insights from Manoj Nadiyal Embarking on a journey in technology entrepreneurship can seem daunting, yet it holds the promise of innovation, impact, and personal fulfillment. Manoj Nadiyal, a seasoned professional with over 15 years of experience in the tech industry, offers invaluable insights into what it means to be a technology entrepreneur. From his academic background to his entrepreneurial triumph with Aaroha Technologies, his journey encapsulates the essence of technological entrepreneurship. In this article, we will explore the nuances of this dynamic field, the educational and skill requisites, the challenges faced, and the joys that come with it. What Is Technology Entrepreneurship Understanding Technology Entrepreneurship Technology entrepreneurship represents a mindset more than just a career path. It encapsulates the way of thinking that enables individuals to identify problems and devise creative solutions, be it by launching a new product or improving existing processes. Manoj emphasizes that entrepreneurship is not merely about starting a company but entails a continuous approach to innovation and value addition, regardless of one’s professional environment. This perspective is exemplified in his analogy of preparing soup, where one not only follows instructions but also enhances value by experimenting with flavors. This entrepreneurial mindset can be applied in various settings, from corporate roles to independent ventures, highlighting that the essence of entrepreneurship lies in proactive problem-solving. Education Optimistic View Possessing an optimistic view is fundamental for any entrepreneur, particularly in technology. Manoj highlights the importance of believing in one’s vision, recognizing that success might not be immediate. This outlook enables entrepreneurs to navigate the ups and downs of the business landscape without losing motivation. When he transitioned from a stable corporate job to launching Aaroha Technologies, his conviction that his business would thrive propelled him through initial hurdles. Such optimism is not just beneficial; it’s essential for sustaining oneself through uncertain times. Technology Awareness For someone running a technology-based business, having a firm grasp of technology is crucial. Manoj asserts that while deep technical knowledge may not be necessary, basic understanding enables effective communication with development teams. This ensures that the entrepreneur’s vision aligns with the realities of product development. In his case, understanding the nuances of the software development process allowed him to articulate his ideas clearly to his technical staff, thereby facilitating the creation of a successful accounting solution like Taxo. Market Size A thorough knowledge of market dynamics is imperative in entrepreneurship. Manoj points out that even the best ideas require actual demand to flourish. He illustrates this by discussing how, upon the implementation of the Goods and Services Tax (GST) in India, his team recognized the potential in creating a software solution that could comply with emerging regulations. Understanding the market size and potential allowed his team to create a product targeting thousands of businesses needing efficient accounting solutions—serving as a stepping stone toward their success. Company Culture Developing a robust company culture is vital for sustaining a successful enterprise. Manoj emphasizes that the values instilled within an organization influence how employees interact with both each other and their customers. By clearly defining core values and nurturing a positive culture, he ensures a cohesive approach to customer service. As his company grows, maintaining a strong culture has not only improved employee satisfaction but has also contributed to customer loyalty. Employees who feel valued are more likely to treat customers well, which, in turn, enhances the company’s reputation. Finance & Budgeting Financial acumen is central to navigating the ups and downs of a startup. Manoj notes that new entrepreneurs often face challenges due to limited funds, which makes it crucial to judiciously allocate resources. Understanding where to invest—be it in product development, marketing, or hiring—determines a startup's sustainability. He recalls how his early funding from personal savings necessitated careful budgeting and strategic planning to ensure longevity while building his company. Rules & Regulations Comprehending the regulatory landscape is essential for any startup. Manoj highlights that having insight into legal and compliance issues can shape how a business is structured and how it operates. This knowledge can not only prevent future liabilities but can also empower entrepreneurs to make informed decisions regarding the growth of their business. Skills Leadership Skills Effective leadership is multifaceted, requiring decision-making abilities and the capacity to motivate a team. Manoj stresses that as a leader, one must continuously make strategic decisions, such as when to pivot or scale a product. He emphasizes that achieving excellence should precede expansion—the product must be ready to withstand increased demand before entering new markets. In his entrepreneurial journey, establishing strong leadership skills allowed him to navigate challenges efficiently, nurturing a productive environment to drive his team’s success. Patience Patience plays a critical role in entrepreneurship. Manoj reflects on the necessity of recognizing that success takes time, often much longer than anticipated. He emphasizes that maintaining an optimistic outlook while waiting for results encourages perseverance when faced with challenges. His experience has taught him the value of patience in seeing the fruits of one’s labor, often taking years rather than months to emerge. Sales & Marketing Skills Proficient sales and marketing skills are indispensable for any entrepreneur. This ensures that a well-crafted product reaches its audience and is recognized in the market. Manoj highlights the significance of not just having a great product but also employing effective marketing strategies to capture customer attention. He attributes much of Aaroha Technologies' success to creating a product that resonated well with users—an endeavor often fueled by word-of-mouth promotions. Communication Skills Possessing clear communication skills aids in aligning team efforts with the overall vision of the company. Manoj believes that consistent communication with stakeholders, employees, and clients fosters trust and collaboration. By articulating a shared vision, he can better lead his team and attract potential investors. Moreover, strong communication skills facilitate his ability to rally support behind new initiatives or strategic changes, ensuring that everyone is aligned with the company’s direction. Networking Skills Building a strong professional network can be a game-changer for entrepreneurs. Manoj asserts that developing relationships can yield not only new business opportunities but also valuable insights and partnerships. Exposure to diverse perspectives through networking can lead to breakthroughs that might not occur in isolation. By actively engaging in industry events and maintaining connections, he has leveraged his network to foster growth at Aaroha Technologies. Interview Skills Hiring the right talent is paramount; a wrong hire can hinder progress. Manoj points out that understanding how to conduct effective interviews helps determine whether candidates are a good fit for the company culture and objectives. Investing time in developing interview skills has enabled him to cultivate a strong team that plays a vital role in the company’s growth journey. Self-Motivation Self-motivation is crucial in the often solitary journey of entrepreneurship. Manoj emphasizes that as a leader, one must generate energy not just for oneself but for the entire team. Engaging in activities that inspire local motivation—such as reading, exercising, or meditating—helps sustain his enthusiasm. This personal commitment to motivation ensures that he brings a positive attitude to work, thereby uplifting those around him. Positives Social Impact One of the most fulfilling aspects of entrepreneurship is its potential to create a meaningful social impact. Manoj takes pride in the fact that Aaroha Technologies positively influences the lives of thousands of users by providing them with efficient accounting solutions, which simplifies their business operations. The ultimate joy of developing a product that enforces positive change through user engagement is a sentiment echoed by many entrepreneurs—one that cannot be measured in monetary terms alone. Monetary Benefits While the journey may start with struggle, the potential for substantial monetary gains cannot be overlooked. Once the product gains traction, the rewards can be significant. Manoj acknowledges that while the initial phase may not yield immediate profits, scalable growth will eventually lead to financial success. His experiences with Aaroha Technologies show that dedication paired with a robust product can lead to rewarding outcomes, financially and otherwise. Respect & Recognition As a company grows, so does recognition within the community and the broader industry. Manoj recounts his journey from corporate employee to startup founder, observing how entrepreneurship has changed perceptions of his professional capabilities and led to greater respect in the community. With growing visibility, he has not only built a reputable brand but also instilled pride in being a local business contributing to the economy. Meeting New People Networking also opens doors to meet a variety of people, allowing for exchanges of ideas and experiences that far surpass conventional learning environments. Manoj relishes the opportunity to connect with diverse professionals and entrepreneurs, gaining insights and forging partnerships that have propelled his business forward. This exposure has provided him with invaluable lessons, enriching both his personal and professional outlook. Generating Employment Creating job opportunities is one of the immense satisfactions of being an entrepreneur. In a city where brain drain is prevalent, launching Aaroha Technologies has allowed Manoj to provide employment and retain talented individuals who might otherwise seek opportunities elsewhere. The prospect of being able to foster local talent reinforces his commitment to his business and the community, ensuring a lasting impact. Challenges Finding & Retaining Talent Recruiting and retaining skilled talent presents a substantial challenge, particularly in smaller cities. Manoj notes that the allure of metropolitan areas can often pull talented individuals away, posing challenges for startups seeking to build strong teams. Yet, by cultivating a compelling mission and presenting an attractive company culture, he strives to attract talent that shares his vision for Aaroha Technologies. Missing Ecosystems For startups, an ecosystem that supports innovation and growth is paramount. Manoj highlights that, particularly in tier-2 cities, the lack of awareness surrounding technological solutions can hinder sales efforts. Entrepreneurs often find themselves explaining what their products do, an issue less common in more developed markets. Building an ecosystem where potential customers understand the value of technology solutions is crucial for the growth of tech-focused startups. Arranging Funds Navigating financial hurdles is common for new entrepreneurs. Manoj recalls relying on personal savings to launch Aaroha Technologies and acknowledges the challenge of sustaining financial health without consistent revenue streams. Securing adequate funding plans, whether through collaboration or investment, is necessary to ensure growth and profitability, especially during the initial phase of business operation. A Day Of Technology Entrepreneurship Managing Daily Operations Manoj's daily routine reflects the multifaceted nature of his role as a founder. As a morning person, he dedicates time early in the day for self-reflection and planning, setting the tone for productivity. Once at the office, he divides his time among various priorities, ensuring a balance between product development discussions and strategic planning. Approximately 25% of his time is spent with the product design team, while another quarter focuses on sales and marketing efforts, helping guide the direction of his company. The remaining time is allocated for long-term strategic discussions that guide the growth trajectory of Aaroha Technologies. Through this structured approach, he emphasizes the importance of adaptability while managing day-to-day operations—an essential element in a bustling startup environment. In conclusion, technology entrepreneurship, as exemplified by Manoj Nadiyal's journey, is as much about mindset and adaptability as it is about product development. The journey marks its share of challenges and rewards, but the potential for social impact, financial gains, and personal growth makes it a fulfilling pursuit. Embark on this adventure with optimism, resilience, and a dedication to making a difference, and you too might enjoy the enriching experiences that this career has to offer.

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How to get into

Technology Enterprenuership?

If you are want to get into Technology Enterprenuership, start by investing in a Career Plan.

The 14 hour process, guided by a LifePage Career Advisor, will help you introspect and check whether your interest in Technology Enterprenuership is merely an infatuation or is it truly something you wish to do for the rest of your life.

Next, your Career Advisor will help you document how you can get into Technology Enterprenuership, what education and skills you need to succeed in Technology Enterprenuership, and what positives and challenges you will face in Technology Enterprenuership.

Finally, you will get a Career Plan stating which Courses, Certifications, Trainings and other Items you need to do in the next 7 years to become world’s best in Technology Enterprenuership.

LifePage Career Plan

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Your LifePage Career Advisor facilitates your guided introspection so that you systematically explore various Career options to arrive at a well thought out Career choice.

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LifePage Plan will not stop at saying "to become an Architect study Architecture". It will guide you on which Certifications, Trainings and Other items you need to do along with your Architecture education to become the world's best Architect.

Links for this Talk

Founder & CEO Manoj Naudiyal's LifePage:

[LifePage]
https://www.lifepage.in/page/manojnaudiyal

LifePage Career Talk on Technology Enterprenuership

[Career]
https://www.lifepage.in/careers/technology-enterprenuership

[Full Talk]
https://lifepage.app.link/20190817-0001

[Trailer]
https://www.youtube.com/watch?v=-kzk2WfmS8c

(Manoj Naudiyal, Technology Enterprenuership, Arohar Technologies Pvt Ltd , Founder & CEO, Starting Business, Startup, Information Technology, IT Industry)

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