We're on a mission. We're going to find and uncover the smartest, most successful entrepreneurs on the planet. Explore their highs, their lows and how they ultimately mastered the game. I'm Martyn Cook and I'm excited to welcome you to the Smarter Destiny Podcast. I'm grateful for you and your time,… read more
#20 - Mehtab Bhogal
Show notes Mehtab Bhogal
00:30 - Introducing Mehtab Bhogal
01:50 - What was the first experience as an entrepreneur? - MB When I was studying at the university I started with a partner an online community for selling guitars.
03:10 - What was the reason you dropped out college? - MB My business was doing very well and I really enjoyed it.
06:13 - What would you say your strength is (if not digital marketing)?
08:12 - What is a healthy margin in your opinion?
10:20 - How big did your guitar community get?
11:35 - Could you give three tips for building a strong community?
13:15 - How did the community react when you started monetizing?
14:10 - How did you get other forums to participate on your community?
18:20 - How was the transition towards Horizon Devices?
21:35 - How was the beginning of Karta Ventures?
24:50 - What is your role in Karta and what does Karta do?
26:29 - How many deals do you do per year and what do you look for?
29:45 - How did you manage to make ten deals last year?
31:15 - What sort of interest rates you get when you get these kind of loans?
33:30 - How do you describe the “life cycle” between the time you buy a company and when you finally sell it?
35:25 - How do you stimulate the deal flow?
36:50 - What are some of the biggest failings that you are seeing with the e-commerce business?
38:37 - How do you identify a smart business owner over a lucky one?
40:10 - In terms of businesses, what are the characteristic of the best brands nowadays?
42:10 - QUICK FIRE QUESTION ROUND
Any unusual drinking or eating habits? - Dorito’s sandwiches.
How do you get yourself into a state of flow? - Very loud music.
What habit or opinion you have that people tend to disagree with? - People waste their time chasing opportunities when they think first about money and learning later.
What nontraditional lesson would you teach at school? - Persistance.
What books had the biggest impact on your life? - “University of Berkshire Hathaway” by Daniel Pecaut.
Any advice for your previous boss? - Let your employees get more resposability sooner.
What do you do to get inspired? - Talk to smart people.
How would you double US$ 5K in 24h? - Buy guitars and watches and flip them.
What’s the best advice ever given to you? - “Don’t take anyone opinions by anyone”.
What silly thing people should do more of? - Pranks.
Would you rather fight one horse sized duck or one hundred duck sized horses? - One horse sized duck..
How would you convince someone to do something good that they didn’t want to do? - Show the upside.
What makes you happiest? - Deals going well and everyone winning.