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The A-Z In Becoming A Successful Entrepreneur
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Kundan Joshi CEO of TheAppLabb, a leading app innovation firm focused on strategy, design and development of transformative experiences with Apps, Artificial Intelligence and Mixed Reality.
TheAppLabb received the 2019 & 2020 Top Mobile App Developer Award for Canada and US, as well as the 2019 Top 3 AI Developer Award by Clutch. Kundan received the 2018 RBC Entrepreneur of the Year Award and 2018 Top 25 Canadian Immigrants Award. He is also a recipient of the 2018 EY Entrepreneur of Year Finalist Award; Top 150 Extraordinary Canadians Honour; 2017 Technology Achievement Award. Kundan Joshi explains the importance of the people you connect with in your business and having empathy for the team to help them perform their best. He explains some the mistakes he made early on and his fear of failing as one of his early mistakes. Kundan is an entrepreneur who took action and bootstrapped the start of his business. As an immigrant he moonlighted to save money and identified the app opportunity while at a tradeshow more than 13 yrs ago. Today he has led and built over 500 apps for some of the world’s biggest companies. He walks through the steps in taking action when you believe you have the next big idea. What to do and how to validate through living in your customers shoes. This interview is filled with tremendous insights and comes at a pivotal time as we endure the digital transformation during the COVID pandemic.
- Empathy for the team to perform at their best
- Boot strapped business starting from Ground up. There were many moments when he wanted to give up, but he pushed for one more day.
- Biggest mistake was striving for perfection instead of failing fast. Overcome that fear of failure, it is not about always wanting to look good it is about embracing failure
- Moonlighting as a new immigrant, hustling and starting from his basement
- Adding value before anyone even knew what the value of an App was 13 years ago. Has now produced more than 500 Apps.
- Solution based value thinking: will app give you a great ROI? Will it give customers a smashing experience to solve a real problem for your business?
- Importance of looking at pandemic as glass half full
- Validate your purpose and have ears to the ground really listening to your customers wants and needs during this time.
- Prediction the next year will go all virtual. Breaking down the barriers of old habits. Cresting new needs for the new world.
- Have an idea?
- Produce product market validation.
- Get the idea validated from the people you are trying to solve the problem for.
- The journey to validating the problem will throw nuggets and identify layers of the problem.
- This helps you step into shoes of the people experiencing the problem and how it affects their emotional, physical and mindful state.
- Create build, analyze, learn loops this must need to be part of your DNA.
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