Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. It is not easy running a company, especially in a fast-paced, ever-changing business world. Technology advances, new hiring strategies, and now, political changes coming with the new administration, all add to the existing business challenges that entrepreneurs, business owners, and executives have to deal with.
Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves.
Below is our interview with Sandeep Pandya, President at Netradyne:
What does your company do?
Netradyne is a pioneer in developing driver safety technology using artificial intelligence (AI) and computer vision. The company has a world class technology team which has developed Driveri™, the most advanced aftermarket in-cab camera for commercial vehicles. The camera is 4GLTE connected 360 degree High Definition embedded with a supercomputer class AI processor, and alerts drivers and fleet managers about positive and negative driving behavior.
What is your role? What do you enjoy most about your role?
I am the President of the company. I believe that the world is experiencing a technological renaissance and that the nexus of artificial intelligence, computer vision, ubiquitous connectivity, and access to the worlds knowledge base through the internet will fundamentally reshape and improve the way people live, work and play globally. I, and my peers at Netradyne are determined to help lead that change.
What are the biggest challenges in your business right now?
Our biggest challenge is balancing ambition with focus. The opportunities are many for a talented team of leading technologists involved in seminal work in a rapidly changing world, but success depends on execution excellence, and that is achieved through discipline and focus. It is critical to say ‘no’ to the right opportunities …
If you could go back in time, what business advice would you give to a younger version of yourself?
Never get comfortable with success as it leads to inertia which leads to mediocrity. Keep looking for the next challenge as soon as you have conquered the last one … live by the credo “if you rest, you rust”.