“Shut Up and Travel”- Meet The Entrepreneur !
Be it Paris, Venice, Greece and Brazil or Ladakh, Maldives, Goa and Kanyakumari, everyone has answer to the question ‘What is your dream destination?’ Some people travel to get away from their daily routine, while for some, travelling is a way of life. But whatever the reason, and whatever the destination, one thing is certain that no travelling can happen without a plan. Giving people a way to achieve that travel-dream, the Travel and Tourism industry is one of the world’s largest and fastest growing industries. Many travel companies even plan trips for their customers. One such platform is TripHoBo.
On the 8th of October 2016, Mr. Praveen Kumar, the Founder and CEO of TripHoBo visited the Department of Management Sciences (PUMBA), Savitribai Phule Pune University campus as a part of ‘Meet The Entrepreneur’, an event organised by the Entrepreneurship Development Cell. During the one hour session, Mr. Kumar shared his experiences about being an entrepreneur and the challenges of being a start-up in a multi-billion US$ global industry. He started his talk by telling the audience a bit about the global scenario of the Travel industry, and went on to tell the story of how TripHoBo started when three friends having an MBA and a high paying job faced the question of “What Next”.
According to Mr. Kumar, if you want to start your own business, call off luxuries. Once you take that initial leap of faith, things become easier. Also, be passionate about what you do. It doesn’t matter if you are clueless initially. Read and acquire the required knowledge. The entire session was filled with similar pearls of wisdom like, “For any start-up, the idea is important, but the execution is the most important thing” and “You learn from your failures. The sooner you fail, the sooner you learn. But do not give up.” He said that there are three most important things while starting a business. First the co-founder, as he will be the one to listen to your problems and support you through everything. Second, have a team that is dedicated, and will stand by you. And third, the capital investment. Highlight the USP while pitching your idea to the investors. “You have to have super belief in your idea, else how will you convince others to invest in it?”
During the session, Mr. Kumar also answered the questions about his venture TripHoBo, at times getting candid about the initial days of the start-up. He expertly integrated the basic management theories of Maslow’s hierarchy of need and the consumer theory of marketing into the talk and explained how they work in real life. The biggest takeaway that the students got was that be it travel or life, if you really want to do something, then what are you waiting for? Just Shut Up and Travel!!