Pranav Arora Disrupting The World Of Business

Many people get involved in business without having passion. Their work is often focused on making money, and that frequently leads to failure. To create a company that stands out, get the trust of the customers and be in business for the long term. It requires love towards the work and the mental attitude to never give up.

Enter Pranav Arora, serial entrepreneur, investor, venture capitalist, and philanthropist. He is one of the young influential business leaders who has helped numerous businesses to succeed with his unconventional ideas and strategies.

For Pranav, being in business means helping clients solve their problems and creating an environment where they don’t have to worry about it even in the future.

His positive attitude, the habit of accepting challenges, and taking strategic calculated risks has made him one of the most successful young entrepreneurs. Starting a business is easy but running it successfully and growing it to a global business is difficult for many people. This is what Pranav has mastered and has built numerous international companies that provide the highest quality services continuously to worldwide customers.

Because of Pranav’s astonishing work as an entrepreneur and continuing philanthropist work, Silicon Valley Times names him one of the Top 20 Influential Young Entrepreneurs. 

Today we’re thrilled to have Pranav in our media and get his answers to some of the highly asked questions by our audience. 

Hello Pranav, we’re thankful to you for accepting our invitation and being on our media. Can you please tell us a little bit about yourselves?

Pranav Arora: For me, I always knew that I have an entrepreneurial spirit, and I look at problems from different perspectives. This led me to help my parent’s company “Just Funky” which with my skills was able to tap into the global market and become a leading global manufacturer of licensed pop-culture products. Because of my involvement in growing a business at a young age, it gave me experience and pushed me toward building numerous companies that got sold at a high valuation. 

I believe in giving back which is why I’m actively working as the Vice president at The Arora Foundation. I’m the CEO of multiple global companies and invest in various startups to revolutionize the world with advanced technology.

Innovation has been one of the important aspects in your businesses. Why do you think innovation is important in business, and how can someone stay ahead of the curve?

Pranav Arora: The need to innovate has never been greater. As a business owner, you’re not just competing with the local dry cleaner down the street; your customers can choose from among thousands of similar products or services that are just a click away on their phones. But as more and more companies innovate, it becomes even more difficult to stand out from the crowd, no matter how great your product or service might be on its own.

Start innovating in your business

The biggest companies, as well as some of today’s fastest-growing start-ups, started with an innovation that allowed them to differentiate themselves from competitors. Take Airbnb, for example. The company started by doing something different than other hotel chains; it found a way to tap into a new market and offer people something they couldn’t get elsewhere. But when you ask how Airbnb is innovating now, you see that its competitive advantage isn’t just about taking risks.

Start with one innovation you can implement

We all want to be innovative, but it’s hard. The good news is, that we can be at least a little more innovative by asking ourselves these three questions every day: What am I doing differently from my competitors? What am I doing that will give me an advantage in 2 years? In 5 years? Using these three questions will get you at least thinking in a more innovative direction.

Add an element of fun

Think about ways you can make your business stand out. Try offering a service that no one else in your industry does, or get creative with packaging or presentation. You’ll be able to reach new customers and set yourself apart from competitors by adding something fun and innovative.

You have been running multiple successful businesses, and your work is an inspiration for many people. Can you please share some advice with our young audience who wants to pursue entrepreneurship as a career?

Pranav Arora: Being an entrepreneur isn’t easy, and it can be particularly tough if you’re still young and have more years of education ahead of you than behind you. But that doesn’t mean you can’t dive into the world of business—you just need to do it in the right way. In addition to having determination and creativity, here are some things all aspiring young entrepreneurs should keep in mind when they start their new business venture.

• Don’t give up after failure: The most successful entrepreneurs have experienced failure. If you’re starting a business, you might not succeed right away. Don’t give up! Take another look at your plan to see where you went wrong and try again.
  
• Work smart, not hard: Anyone can spend long hours hunched over a computer, but there’s a smarter way to get more done in less time. This may seem counterintuitive—after all, you might think The longer I work, the more I get done. Not true!

• Surround yourself with smarter people: Mentors make a huge difference in your career. Pick people who are ahead of you and are willing to advise, help, or answer questions. By being able to call on these mentors whenever you need them, it will save you years of work and a lot of mistakes. Make sure they’re good people though because a bad mentor can be worse than no mentor at all.

Everyone Knows you as Pranav Arora. You have created one of the most influential personal brands which have differentiated you from others in the business. Can you please share some tips on how our readers can build personal brands so that they can stand out?

Pranav Arora: Having a personal brand that stands out isn’t easy to do, but following these 3 steps will help you build one with ease. 

• First, you have to know what your personal brand is and how you want others to perceive it. 
• Second, you have to make sure that everything about your brand—from the way you dress to the way you speak—conveys who you are and why people should work with you or buy from you. 
• Finally, be consistent and work hard on building your brand every day, even if it doesn’t seem like it’s paying off right away.

It was great interviewing Pranav in our media. We hope our readers get lots of valuable information and are motivated towards building a thriving business. If you have any questions or want to reach out to Pranav, feel free to contact him via his official website.