- Early Life and Inspiration: Kumer Sachdev’s journey began in a middle-class family in Delhi. He started working with his brother, distributing pens, while still in the tenth grade [01:49]. His father, who juggled a railway job with various business ventures, served as his role model [03:26].
- The Birth of Su-Kam: Sachdev’s early exposure to the pen business ignited his entrepreneurial spirit. He decided to start his own pen brand named Su-Kam while still in college [05:14].
- Transition to Electronics: After college, Sachdev worked in electronics for two years, eventually venturing into the cable TV business [05:35]. Observing the poor quality of inverters in the market, he identified a gap and decided to enter the inverter business with Su-Kam [06:13].
- Overcoming Challenges: Sachdev faced numerous challenges, including a lack of electronics knowledge and limited resources [08:19]. However, his experimental nature and willingness to take risks helped him overcome these obstacles [08:54].
- Success: Starting with a small capital, Su-Kam Inverters grew into a business with a substantial annual turnover. Today, Su-Kam is a well-known brand in India and abroad [03:04].
- Qualities of a Successful Businessman: According to a friend, Sachdev’s success can be attributed to his high-quality thinking, his ability to form friendships, and his willingness to help others [11:02].
- Business Plan: A business plan is essential for any business, whether it’s a startup or an established company looking to grow. It helps in securing funding and setting benchmarks for progress [14:49].
