"As entrepreneurs, our journeys start with mistakes"
Meet Kishu Kumar Singh, Founder & CEO of Jum Bike automotive services private limited. He is an experienced relationship manager with a demonstrated history of working in the banking industry. Skilled in Photography, Microsoft Word, Management, Leadership, and Microsoft Excel. Strong sales professional with an MBA-Master of Business Administration focused in Marketing from Sikkim Manipal University Gangtok.
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Table of Contents
Thank you so much for doing this with us! Can you tell us a story about what brought you to this specific career path?
Kishu Kumar Singh: Actually, when I was in my childhood I dreamed of joining the Indian Army. My father is my inspiration to be an entrepreneur. I remember watching my father as he used to carry books on his shoulder and sell them in a shop. From that point in time, I dreamed to be a successful businessman. Now he has a good business setup without any support.
What are the most common mistakes you see entrepreneurs make and what would you suggest they do?
Kishu Kumar Singh: As entrepreneurs, our journeys start with mistakes. There are no colleges and universities that can guarantee that they will make you a successful entrepreneur. It is the skills that we learn from all our mistakes.
But the most common mistakes that an entrepreneur makes is that they believe they can do everything. A successful venture needs a good team so first, build a good team. After building a good team you can execute your idea easily and effectively.The mistake that I made is that I started without any backup plan. As an entrepreneur, you should always have a plan B.
Has the pandemic and transitioning into mostly online shopping affected your company positively or negatively?
Kishu Kumar Singh: If I’m being honest, the pandemic affected our company very badly. We are a micro-mobility startup that is dependent on the movement of people. As we suffered a loss because the pandemic started just after we launch our pilot project in Sikkim, we had to shut down our services just 1 month after we started.
Transitioning into online shopping has no impact on our company. We cannot operate online in any way.
When you think of your company, 5 years from now, what do you see?
Kishu Kumar Singh: As Jum Bike is my dream project, I will give my 100% to fulfill my dream. We have a dream of creating a business model that will last for at least 5 decades. We have a dream to create a smart city mobility system and a greener environment. In the next 5 years, we have a dream to mark our presence in at least 5 Indian states. We are also planning to add a minimum of 10k E-scooters in our fleet to serve the local commuters and the travellers.
At least in the least of top 5 micro- mobility startup in India. Besides all that we want to use our part of our profit to build an old age home and animal rescue centers. Every corportes starts with a responsibility and we will follow these rules strictly.
Pollution-free…Jam-free ….and hassle-free ride to every commuter in the next 5 years.
What do you consider are your strengths when dealing with staff workers, colleagues, senior management, and customers?
Kishu Kumar Singh: Being an organization that is run with the help of so many people; employees, customers, vendors, or anyone, we should always be thankful to them. As a leader or CEO of the organization, it is your responsibility to deal with all the critical situations.
If I have to say, my strength to deal with all these stakeholders is that I have great empathy and gratefulness towards their work effort. I always try to make them feel that this, not the place where they are working for another person, it is their organization’s and their responsibility to grow the com. I always guide them and share my thought and take their ideas and try to work on them.
What’s your favorite leadership style and why?
Kishu Kumar Singh: The leadership style I like is Pacesetting. It is a kind of leadership in which a leader sets a high standard and achieves tough goals.
I have some prerequisites, they are as follows;-
- A highly skilled team that requires limited management
- A skilled manager who is capable of leading from the front
- A team culture that strives for constant improvement
Do you think entrepreneurship is something that you’re born with or something that you can learn along the way?
Kishu Kumar Singh: I really do not believe that entrepreneurship is something that you are born with. It is the skill that you will learn only through making mistakes and your day-to-day learning from your mentors or your guide. There is nothing called spoon-feeding in entrepreneurship. You have to carry the responsibility of all your stuff on your own. In this journey, the only thing you will get is mentoring and guidance, rest you have to do it on your own. No one is a born leader. It is a skill that fines with learning and time.
What’s your favorite “business” quote and how has it affected your business decisions?
Kishu Kumar Singh: “Your most unhappy customers are your greatest source of learning”, these are the words quoted by the founder of Microsoft Bill Gates. This line gives me a lesson to learn from the critics. You should always be ready to take feedback and never feel bad when someone tells you your mistakes. It is the person who is identifying it and telling you to rectify your mistakes. Rectifying our mistakes one day makes us great leaders and great listeners.
Mike Weiss, VIP Contributor to ValiantCEO and the host of this interview would like to thank Kishu Kumar Singh for taking the time to do this interview and share his knowledge and experience with our readers.
If you would like to get in touch with Kishu Kumar Singh or his company, you can do it through his – Linkedin Page
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