Rahul Chauhan(Baba), born on 6th June 1996 in Gujarat, India is one of the youngest serial entrepreneurs making all the right noise in the rapidly growing International Trade.
Rahul offers these 3 tips for young entrepreneurs to improve their frame of mind and become a successful entrepreneur like he did.
How to Live as a young CEO:
Defining success is as important to becoming a successful CEO as making the right business decisions, according to Rahul. While success in the workplace with appropriate investments and modeling is important, Rahul emphasizes success in life as the first step towards becoming a success. Work ethic is important at work, but young entrepreneurs have to learn how to apply this ethic to their lives as well.
The principles of working well apply to life too. Organization, productivity, determination, and cooperation are all essential aspects of Rahul’s business model and life model. Since he formed his first business at the age of 18, he has used this thinking as a way to achieve success as a young CEO and combine work ethic with life ethic.
Many people will call a young entrepreneur like Rahul too ambitious. As he explains, very few people will believe in a 18-year-old’s business ambitions and even fewer will support their ventures financially. The same obstacles facing Rahul will face most young entrepreneurs starting out in their business. To them, he says to “aim for the stars; you might just reach them.”
How to be a Leader:
Rahul assures young CEOs that setbacks are a part of any business venture. Some are easy to get past and others can be costly, but taking responsibility for mistakes is more important than avoiding them. Challenges change a young leader’s perspective, and the lessons people learn from a setback are valuable if they take the time to assess themselves when they happen. Rahul emphasizes that refining his leadership and business model required these bumps in the road.
This also means learning to adapt to changing times. Business models are not static – they change with emerging technologies and further research. In order to stay competitive, efficient, and relevant, a young CEO can’t get set in their ways. They have to embrace adaptation and learn to learn. This may mean changing leadership styles or setting goals differently. New technologies may have to be implemented to ensure the young company’s survival. However, Rahul took advantage of these solutions as his business grew and he remained relevant because of it. He urges young CEOs to be aware of this process and take advantage of opportunities to adapt whenever they can.