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 Trevor Koverko, Co-Founder and CEO at Polymath Network:
What does your company do?
Founded in 2017, Polymath is disrupting the legacy securities industry by launching an open platform that gives issuers of financial products access to the blockchain, smart contracts and token creation technology. Polymath dramatically lowers the barriers to entry for businesses looking to launch tokenized securities on the blockchain, and for investors looking to gain exposure to regulated, asset-backed tokens. From creation, to fundraising, to liquidity, Polymath guides issuers like venture capital firms, investment funds and public companies through the complex tech and legal process of a successful securities token launch.
What is your role? What do you enjoy most about your role?
I’m the Co-Founder and CEO of Polymath. I enjoy creating things that will impact a lot of people and bringing a team together focused on a common goal. My background in sports taught me about teamwork and I love being able to put together a group of incredible people and working relentlessly with them towards success. I also really enjoy the marketing side of business. Telling a story, explaining concepts to people and watching a business develop an identity over time is an amazing experience.
What are the biggest challenges in your business right now?
We have potential issuers contacting us every day. We have potential security token investors contacting us every day. We have legal delegates, KYC providers, and developers being on-boarded to the platform. We have all of the pieces of the puzzle we need. Our biggest challenge now is simply building the platform, showing the world that it works, and scaling effectively to enable trillions of dollars of securities to migrate to the blockchain. We know we can build this thing. It is just a matter of when, and ultimately figuring out what the end result looks like.
If you could go back in time, what business advice would you give to a younger version of yourself?
Test, test, test. You might think you have something amazing that everyone in the world will want, but the only way you can make absolutely sure of this is to test it. Don't get caught up in thinking that you're smart and your idea is awesome. It might not be. And don't listen to someone when they tell you they love it. If they loved it so much, they'd pay you for it, or invest in it.