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5 Lessons For Aspiring Entrepreneurs From Tej Kohli

Tej Kohli knows a thing or two about being an entrepreneur. A successful international businessman and philanthropist, Kohli has established three thriving organizations: Grafix Softech, the Ozone Real Estate Group, and the Tej Kohli Foundation. Kohli has shown the world through these three businesses that the sky is the limit when it comes to personal aspiration and achievement.

A man of humble beginnings, Kohli enrolled himself in the prestigious Indian Institute of Technology as a youngster. He received his B. Tech in engineering and worked for five years as an electrical engineer. During his tenure in the engineering field, Kohli noticed a need for improved e-commerce platforms in that market. After some soul-searching, Kohli combined his lifelong entrepreneurial thirst with his acquired technical knowledge and came up with a plan for his first business, Grafix Softech.

5 Lessons For Aspiring Entrepreneurs From Tej Kohli

Kohli does not hesitate to share the knowledge he has acquired with other aspiring businessmen and women. The following five lessons represent some important tenets of success for this accomplished entrepreneur.

#1. Discover Your Talents

During his stint as an electrical engineer, Kohli spent much of his time absorbing knowledge and reflecting on his thoughts and experiences. Self awareness, combined with earnest reflection and self-evaluation, led him to realize what he truly wanted for himself: A career in business.

Aspiring entrepreneurs often dive into new projects with starry eyes and a little self knowledge. Kohli encourages people to spend time evaluating their interests and talents before jumping headlong into something new. “Whatever your plans for business,” says Kohli, “the first step is to work out what you are good at.” As a young graduate, Kohli realized his talents extended beyond the boundaries of his college degree.

#2. Find a Gap in the Market

Before investing precious time and resources in a project, Kohli advises entrepreneurs to make sure there is genuine demand for their offering. Finding a true “gap” in the market ensures that a customer base exists through which money can be made. It makes little sense for an entrepreneur to offer a product that nobody needs or wants. The trick, of course, is to identify a profitable gap that will attract customers.

Kohli saw a need for an improved e-commerce platform in the general marketplace and capitalized on that. Other entrepreneurs have lived similar success stories. In 2003, a Harvard computer science student by the name of Mark Zuckerberg launched a college-themed website called “FaceMash.” Originally intended as a way for students to rate the good looks of their peers, “FaceMash” eventually evolved into “Facebook,” Zuckerberg’s billion dollar industry.

In the 1970s, entrepreneur Gary Dahl made an unlikely discovery: He was able to earn a fortune by charging people $3.95 apiece for a “pet rock.” The rock was nothing more than a free object found in Dahl’s backyard, but he identified a profitable niche and jumped on it. In 2011, a brother and sister team mused at how difficult it is for people to remember their many usernames and passwords.  This musing ultimately led to the siblings’ invention of MySocialCloud.com. This simple niche site, which was recently purchased by Reputation.com founder Michael Fertik, has been lauded by the CEO as a “highly valued platform.”

#3. Nurture Business Relationships

One of the top secrets of Kohli’s success is that he doesn’t work alone. “Finding and developing the right people,” he says, “is critical for building a successful company.” Aspiring entrepreneurs should choose their employees wisely and treat these people as valuable company assets.

Trust is an important factor in any business relationship. It is especially critical, according to Kohli, in larger companies. “The bigger the company,” he says, “the more you need to delegate.” Harvard lecturer Robert Pozen concurs. In order to delegate efficiently, Pozen says entrepreneurs must “hire people that you really have confidence in.” Employees who lack a sense of autonomy in their job, warns Pozen, feel micromanaged with no sense of personal control.

Kohli also stresses that businesses should surround themselves with young talent. Younger people are “fresh thinkers with new ideas, courage, and confidence.” Kohli encourages companies that seek longevity to listen to the voices of younger generations.  He cautions that trying to force young talent to “fit your mould . . . damages your prospects and theirs.”

#4. Think Globally

Kohli is a man of the world. Born and raised in India, he now calls Costa Rica his “adopted home.” He has pursued business projects in his native India, the Americas, Europe, and the Middle East. Clearly, Kohli has an affinity for international endeavors.

Kohli advises entrepreneurs to consider a global angle when starting a business. “As the world gets smaller,” he says, “a business with . . . global value is becoming increasingly important.” Global business ventures are often profitable because so many market gaps come to light when the needs of the entire world are brought to the table.

As an example, Kohli points to the recent expansion of the mobile phone market in the third world countries of Africa and East Asia. Many people in these poverty-stricken nations don’t have the banking means to pay for mobile phone service, so mobile phone companies developed a system of transaction services for customers without banks. As a result, Kohli says, these mobile phone companies have achieved a “degree of penetration that . . . exceeds that in any Western nation.”

#5. Learn From the Best

Kohli insists that businessmen and women should regularly investigate the newest developments in their field.  For beginners, this means scrutinizing the habits of billionaire entrepreneurs like Kohli himself. Major league pitcher Vernon Saunders Law said, “Experience is a hard teacher because she gives the test first, the lesson afterwards.”  Fortunately for those still learning, Kohli is an open book.  He willingly shares the wisdom he has gained through years of experience in the international business world.  Aspiring entrepreneurs who wish to reap the benefits of a fruitful business would be wise to drink in as much of Kohli’s proffered wisdom as possible.

Images: ”Image of businessman with suitcase. Promotion concept / Shutterstock.com

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Teddy Hunt is a freelance content writer with a focus on technology. When not behind a computer, Teddy spends the majority of his free time outdoors and resides in Tampa, Florida.

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Comments
  • Welcome to Tweak your Biz Teddy and a great first post. “Learn from the best” is a brilliant example of allowing your mind to be open to learning from others. Thanks for sharing this with us and I look forward to your next post.

  • Maria Jonson

    I agree, an accurate non-inflated assessment of one’s skill and setting
    goals that fits these capabilities is important when setting out to
    succeed in any endeavor

  • Milane Sine

    I find almost impossible “To Find a Gap in the Market” today.

  • Tedd Ward

    It is not bad overall as advice yet still it has several missing points.

  • Holud himu

    it’s awesome overall and it’s quiet possible to do at this time in market

  • Maxim Maxov

    really useful information that helped me a lot to learn about these things just when I needed

  • Sirisha Jala

    Really interesting article! Thanks for a wonderful article filled with a lot of useful information!

  • Wissam Mallouli

    Very interesting article. I agree with most of the comments 🙂

  • BF Produção

    Great information! Thanks for this article.

  • Rimu Palash

    this a helpful artical to all i think , thank to you to write this

  • Kyamil Salih Dzhemal

    It is well said that we should be we should be perseverant with our talents and what we like to do and learn from the best. He is the right example for it.

  • Anita Eliot

    Sky is the limit, one of my favourite sayings, highly appreciative views are displayed here by a highly appreciative, brilliant intellectual Tej Kohli

  • hmimouch

    very helpful article thnks for sharing with us

  • Milan Pavlovic

    Great article, thanks very much.

  • Tanja Mandic

    About lesson number 2 – Find a Gap in the Market. What is your advice about how to find customer base? Which way is the best and how?

  • Aid Zero

    I consider myself to be an aspiring entrepreneur and I find this article very helpful. I already knew some of the things mentioned but points 2 and 3 were completely non-existent to me. Thanks.

  • ayoub

    this article very nice 🙂

  • Milka

    Very interesting article…Recomend it, thank you!!!

  • rachid

    this article very nice Very interesting article thanks very much

  • Tricky

    Great article, im very thankful for this!

  • Bui Mai Thi

    I really admire Tej Kohli. This article is very helpful and interesting! Thank you so much!

  • Bianca Kelsey

    I think I’ve underestimated #4. I was a little hesitant about going for global network because of language barriers and cultural differences but the example helps me to see it in a different light.

  • Emanuel

    These are definitely good tips that I will keep in consideration, thanks

  • Valeri Karavasilev

    Tej Kohli is a great entrepreneur. I would like to thank him for this great article.

  • long_than00

    It’s amazing! I’ve learned a lot from this article, great, thank you very much

  • As usual, fantastic advice from Mr. Kohli. The first point about discovering your talents is where everyone’s journey needs to begin if they dream of becoming successful. Without knowing where you’re strengths lie, you’ll be hard pressed to succeed. Thank you for the motivation, Mr. Kohli!

  • Martin Yan

    helpful article, thanks for sharing helpful information to us

  • Kator Tung

    Your surface’s blog is very nice, Its news is useful

  • tota afrota

    Great article and amazing information, thank you very much.

  • Lu Ghostlu

    It’s amazing! I really admire Tej Kohli, you’ll be hard pressed to succeed. Your surface’s blog is very nice, Its news is useful. Thanks more!

  • skyvision

    its a great information for our thinking and thanks for help.

  • Tashanna Mss

    thanks for the useful information. Tej Kohli Global Busines to build a future in which we believe. Great! Excellent blog finally something good and useful

  • Helpfull for me.Tej Kohli is great web and good somethings

  • Christian Riopel

    Very insightful advice, thanks much!

  • marc bale

    Tej Kohli is a very inspiring person. Very good article Teddy, thanks for this!

  • Ilona Gie

    I can’t believe how inspiring is Kohli. It’s very interesting article!

  • Minh Hoàng

    Very useful advices. Thanks much!

  • Zorica Mladenovic

    Thanks for this great article. It was very helpful for me

  • vladimir loncar

    Thanks much for very useful advices!

  • Pierre Abel

    Those are some very helpful tips! Thanks a lot!

  • Ryan Dela Cruz

    awesome article! helpful those who seek information in this topic. thanks!

  • Vincent XI

    Thank you very much…this is the kind of advice i need to be more innovative.

  • Yêu Nữ

    I found some helpful advice from this article. Locking forward to the news.

  • Mar Cavgri

    I think this makes great points. As a starting enterpreneur I agree with all of this, you have to like what you do, treat it as your baby and watch the market. And always, always value your client. Thanks for the insight! 🙂

  • Kiff Mwebi

    Great news,very informative and i have learned a lot from it.Cannot wait for more articles from you.

  • Jovana Karadjenov

    Very useful information enjoyed, I reading the text!

  • MOTADIL

    REALLY GREAT JOB

  • Aara Lim

    interesting. gained some insights from this article thanks !!

  • Sami Azize

    Thanks very successful advices very useful and helpful 😉

  • It’s good to come across wonderful ideas like this. I am aspiring to enter into a certain business line one of this days and one of the most important things I have to take into consideration is knowing every angle to the situation I want to get in.

  • Guest

    thank you very much, very helpful. this what i need.

  • Fidaw gyi

    Solid advice, especially the part about finding your true talents. That’s the first step of it all…




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