Human First with Jai Doshi, The Driven Entrepreneur (S1,E4)
In the ever-evolving terrain of entrepreneurship, the journey is often as crucial as the destination. This philosophy is exemplified in the inspiring journey of Jai Doshi, the dynamic force behind Prolitee. Recently, Jai shared his insights and experiences on a podcast with Rishi Yadati, You can learn from his story how to navigate the trials and triumphs of running a business.
### The Humble Beginnings
Jai Doshi’s story is not just about entrepreneurial triumph but also about the human essence behind it. Founded with a mere 432 rupees, Prolitee now stands tall, serving large corporates across India and employing 24 people. Doshi emphasizes the foundational belief of being human first, which is reflected in the company’s operations and ethos.
### The Drive Towards Entrepreneurship
What drives a person to foray into entrepreneurship? For Doshi, it was a combination of personal ambition and the desire to construct something unique. With a solid grounding in computer programming, Doshi transitioned into entrepreneurship to escape the confines of a desk job and instead pursue a path where he could make a tangible impact.
### Facing Challenges and Embracing Change
In the early years, Prolitee’s focus was clear: to cater exclusively to corporate events, steering clear of private events like weddings or birthday parties. As the company grew, it positioned itself as a key player in HR engagement and strategic communication. However, like many, they were faced with unforeseen challenges during the COVID-19 pandemic.
With the wisdom passed down from his grandfather, Doshi had the foresight to maintain a reserve fund equivalent to six months of salaries for his staff. This prudence allowed Prolitee to weather the pandemic storm without cutting jobs or salaries, a remarkable feat that reveals Doshi’s commitment to his team.
### Innovating Through Crisis
The onset of COVID-19 acted as a catalyst for innovation at Prolitee. Faced with the impossibility of physical events, the company rapidly pivoted to virtual events. By embracing online platforms and offering free interventions to build experience and confidence, Prolitee managed to sustain operations and even achieve profitability despite reduced revenue.
This period also marked a period of learning and the importance of maintaining a perspective on profit, not just revenue. As Doshi illustrates, focusing on the bottom line rather than just the top line facilitated resilience during financial downturns.
### Building a Sustainable Future
Challenges continued with a personal medical emergency necessitating Doshi to step back from operations. This situation ignited a realization of the necessity of a sustainable leadership model within Prolitee. By developing staff to be intrapreneurs, capable of stepping into multiple roles, Doshi ensured the company could thrive even in his absence.
Prolitee’s overarching culture is one of mutual care and development. Celebrating both victories and failures as opportunities for team growth helps maintain a cohesive and motivated work atmosphere.
### Influences and Lessons
Doshi credits books and films as pivotal influences that shaped his resilient mindset. He emphasizes the significance of not just consuming content but applying it. Books like “Awaken the Giant Within,” “Rich Dad Poor Dad,” and “The Tipping Point,” have been cornerstones in his entrepreneurial journey.
### Key Takeaways
1. **Preparedness and Opportunity**: Luck is about preparing for opportunities. Prolitee’s COVID-19 pivot exemplified this axiom as they seized the chance to excel in virtual events.
2. **Leadership**: True leadership involves building other leaders. Doshi’s approach ensures sustainability and growth within his team.
3. **Embracing Pace**: In a fast-paced world, being ‘wisely slow’ offers a unique advantage, providing clarity and strategic oversight often missed in the race for speed.
Doshi’s story is more than just a business success tale—it’s about resilience, innovation, and the unyielding human spirit that fuels entrepreneurship. His narrative serves as a beacon for both budding and seasoned entrepreneurs, offering insights not only into the mechanics of business growth but also the importance of an empathetic and strategic approach.
As Doshi continues to drive Prolitee forward, his story reminds us that the path to success is paved with adaptability, a strong team ethos, and an unshakable commitment to one’s core values. Let this journey inspire you to build and strategize for a resilient tomorrow.