5 Tips for New Entrepreneur by Harsh Binani

 “The best way to predict the future is to create it.”  - Peter Drucker

To be an entrepreneur requires you to accept uncertainties and be acceptable to be challenged on a continuous level. Starting a business is exhilarating, with incredible highs and challenging lows. But it is always an amazing feeling to create something of your own, to bring your vision to reality. In the league of successful entrepreneurs comes the name of Harsh Binani, co-founder of Smartworks.  

With over 7 years of experience in management consulting and real estate, he has previously worked with the world’s premier consulting firm, Mckinsey in Chicago. During his 5 years with Mckinsey, he focused on strategy and operational topics across healthcare, infrastructure and insurance.  He has also served as a Chief of Staff at  Medanta  Medicity, spearheading key strategic initiatives for the CEO.

At  Smartworks,  he has envisioned the overall strategic roadmap of the company, driving product development, customer experience, technology, and marketing.  He is passionate about building a strong culture not only for Smartworks but for the member companies. Analytical, straightforward and focused, Harsh ensures that Smartworks is on a rapid growth track, and delivers value across clients.

Smartworks is the biggest Managed Workspace Platform, focused on bringing futuristic workspaces to India. Smartworks is a tech-enabled workspace with IoT enabled meeting rooms, a digital pantry, an automated parking system and much more. The vision of Smartworks is to make workspaces flexible, safe and seamless. Smartworks is going 7 million sq. ft with a grand presence in 11 cities and 37 strategically located centres. 

Apart from Smartworks, Harsh Binani is also the Director at TalbotFORCE. It is a Smart Facility Management Company Where Intelligence Meets Safety. A one-stop solution to all home care needs ranging from bedroom, living room, terrace/verandah, washroom, kitchen, shaft/duct cleaning, aiming to make safer and hygienic spaces.  We now have a presence in more than 17 places across India, covering an area of more than 11 million square meters and providing 20+ services to more than 500 satisfied customers.  

In his ongoing journey to evolve the workspaces in every way possible, Harsh is all set to bring his next vision to life. He is working towards empowering the tech-arm of Smartworks and enabling technology to be used as a service. Harsh Binani envisions creating workspaces that are flexible, adaptable and agile. He aims to make workspaces more employee-centric, making the workspaces to be more seamless and safer.  

As the times change so does the entrepreneurial sector. Today, all the upcoming enterprises have adapted to the changing notion of settling into the new normal. Harsh Binani has always believed that adapting to the changing business environment is the biggest strength any business has. The entrepreneurial journey is never easy, for one to work towards their goals clouded with uncertainties.  

Here are a few tips from Harsh Binani to the upcoming entrepreneurs.  

• Challenge yourself – Harsh Binani says that challenging himself in different aspects of business has helped him overcome fears and learn something new every day. As an entrepreneur, it is crucial to stay a lifelong learner!  

• Take the Risk – Business world is all about risk! Harsh Binani believes that it is good to fail trying then to never try at all. You might never know the results your efforts can bring.  

• Study your Market well- Harsh Binani says that every idea is great but it is always important to find the right market for your service or product. He suggests that new entrepreneurs must study their market thoroughly to have a clearer idea of what they are diving into.  

• Be Financially prepared- The cost of starting a business is usually more than expected. You can set aside a portion of your revenue to create an emergency fund in case of a financial disaster. You may have to take out loans or put your own money into the company as a final option. However, if the financial troubles are under your power, always determine the source of the problem and rectify it. 

• Find a Balance- From his own experience Harsh Binani shares that starting and running a business can be a 24*7 job. With no fixed hours and so much to deal with it takes a toll on your body. Make sure you eat well and set some time to clear your head. Your personal well-being is just as vital as the bottom line of your business. Even if you work from home, find methods to disconnect from work and recharge by taking a stroll or exercising to release endorphins. Your business is from you!

Harsh Binani advises all the young entrepreneurs and upcoming leaders to do thorough research into making sure the potential of their product or service. He believes in turning dreams into reality and motivates everyone to never give up!