Balashish is currently deeply involved in working with data and has a strong focus on financial data and customer behavior as well as keep an eye on latest tech advancement and analyzing the market trends. They place great trust in data rather than relying solely on words or opinions. This data-driven approach has been a driving force for Balashish and their business.
Entrepreneurs Today recently had the privilege of interviewing Balashish, delving into an enlightening and candid conversation where he generously shared his remarkable journey as an entrepreneur.
Balashish is a co-founder of Vsecure Technologies, which specializes in providing software solutions and application development support to their clients. They have built a reputation for serving their clients well, both domestically and internationally. Trust and reliability are paramount in their relationships with clients, and they have fostered long-term partnerships.
The key aspects of their work is keeping a close eye on rapidly changing data and the evolving market. Balashish recognizes the importance of staying up-to-date with the latest information to address software issues and meet their clients’ needs effectively. They understand that transparency is essential, even when it involves sharing negative aspects of the data and then come up with concrete solutions. Instead of concealing problems, they believe in openly communicating the truth, as it is more valuable than providing false or misleading information.
Balashish values clear and direct communication. Rather than taking unnecessary risks, Balashish and his team approach decision-making in a methodical manner. They analyze the situation, assess trends, and carefully evaluate the level of risk before making a final decision. They prioritize minimizing risks and making informed choices based on the data and analysis available.
Unlocking Digital Success
Vsecure Technologies offers digital talent transformation, development, tech strategy, management consulting, digital marketing strategies, complex application support, and research work. They specialize in resolving complex errors and assisting clients with their application software needs. Their expertise and experienced team have helped multiple clients in resolving issues and achieving their digital objectives.
From Setbacks to Success
Balashish’s journey and past experiences have been the key inspiration behind their entrepreneurial spirit. Starting with a men’s wear business in 2016, they gained insights into diverse customer behavior and developed negotiation skills. This initial venture ignited the desire to achieve something bigger.
After facing setbacks and challenges while working in various firms, Balashish and their partner, Jitendra, decided to start their own company, Vsecure Technologies. Previous experiences, including instances of betrayal and financial loss, taught them valuable lessons about trust and the importance of taking control of their own destiny.
Despite the roller coaster ride, Vsecure Technologies managed to recover profits and attract major clients within a year. The journey taught Balashish the significance of careful decision-making and the need for mutual discussion among directors. The experience shaped their belief in trusting themselves and being involved in endeavors that make a positive impact.
Overcoming Challenges
Balashish faced challenges in customer behavior and financial management. They encountered difficulties in managing client expectations and making changes to meet their varied requirements within tight timelines. Additionally, maintaining a healthy financial balance was a constant concern, especially when profits and expenses were on a narrow margin. Balashish realized the importance of relying on data rather than solely trusting people’s words, as it helped them navigate through challenging situations and make fruitful decisions for the company. The quarter of September 2022 to November 2022 was particularly challenging, as they had to manage client demands while facing financial constraints, keeping employee faith in the organization and maintaining balance in their operations.
Achievements so Far
The achievements of Balashish and Vsecure Technologies include acquiring over six industry giants as their clients, establishing stability and credibility as a startup, and having a team of experienced professionals dedicated to the company’s success. These milestones have positioned Vsecure Technologies for future growth and success. Additionally, Balashish’s personal achievements include being the first in their entire family generation to venture into international business and taking the first international trip. They have also fulfilled their dreams by purchasing certain desired items and achieving milestones that he dreamed in his childhood days.
What does the Future Holds?
The future plans of Vsecure Technologies include expanding the employee base by more than 50% before the end of 2023, not only in India but also in the US. They also aim to expand their presence in Dubai and the UK, with plans to establish a presence in the UK by September. By 2024, they anticipate further growth in employment, potentially increasing by around 25% based on data and agreements with clients.
Lessons learned
The lessons he has learned are to trust data over words, have a strong understanding of financial management, and analyze customer behavior and the market trends to stay updated. It is crucial for entrepreneurs to make informed decisions based on data and not rely solely on intuition because intuition based decision are the cause of stability disruption in startups and creates the moment of roller coaster ride. Financial knowledge, even at a basic level, is important for him to comprehend the financial complexities of the business and make sound financial decisions. Additionally, having a calm mindset, being a visionary, and being aware of all aspects of the company’s operations and the surroundings are key to successful decision-making. Listening to employees’ input is valuable, but ultimately, as the entrepreneur, he needs to have a clear understanding of the company’s goals and make informed decisions based on that understanding.
