Interview with Gurpreet Singh Walia, Managing Director of Suffescom Solutions
Gurpreet Singh Walia is an entrepreneur, creative thinker, and Managing Director of Suffescom Solutions.
He have been working in this position and overlooking all the core operations and performance of the company for more than 13 years.
Gurpreet has a rich experience of 10+ years of professional experience in IT and the business development sector.
Please tell us a little about your entrepreneurial journey
Gurpreet Singh Walia: Suffescom Solutions started from a small office space, big enough to fit 30 people. The team initially had four members in the management including me.
I was more inclined towards the development side and was looking over a team of 3 developers. We had started working only as a blockchain development company in our prime years.
It took a lot of conviction, trust and teamwork to reach the position we are in today. Now, we have more than 750 employees across the globe and have branched our services to more technologies and multiple industries than before.
Kindly brief us about Suffescom Solutions, its specialization, and the services that it offers
Gurpreet Singh Walia: Suffescom Solutions is an IT company specializing in emerging technologies including blockchain, web3, metaverse, crypto and NFTs.
Our team builds digital solutions for businesses in all fields and helps them upscale their services. Some of our services include e-commerce blockchain development, NFT minting website development, unity game development and crypto wallet development, to name a few.
What is your biggest USP?
Gurpreet Singh Walia: Our biggest USP is our globally recognized blockchain expertise. We have been recognized as the Number 1 Blockchain development company in the USA by GoodFirms and have a portfolio including Fortune 100 clients.
Blockchain is our niche and with over 13 years of successful operation, we have become globally recognized leaders in our niche.
What made you choose this type of business?
Gurpreet Singh Walia: It wasn’t a whimsical decision to choose emerging technologies as the niche of our company. From the beginning, I was involved in blockchain and crypto development projects.
I had realized the immense scope of these technologies and had made up my mind to do something in this industry.
As luck and hard work would have it, we started from blockchain, made our mark in the field and have now slowly become a recognized name in web3 and metaverse too.
What was your mission and vision at the outset?
Gurpreet Singh Walia: The mission of Suffescom has always been building a sustainable digital landscape using advanced technologies.
We have moved forward over the years with this mindset. We have always worked with clients who see eye to eye with our mission.
As for the vision, we see Suffescom at the top. We strive to build a legacy that speaks for us and stands as proof of our work.
What is your Leadership Mantra?
Gurpreet Singh Walia: Ever since I took the position of Managing Director at Suffescom, there’s one mantra that has always helped me lead the team – developing mutual trust.
As a leader, it is important for my team to believe in me and my decisions. But, it’s equally important for me to show that I trust them and their decisions too. This level of mutual trust has helped me lead the team for more than 13 years.
What have been some of your failures, and what have you learned from them?
Gurpreet Singh Walia: I never consider anything a failure. In order to reach a position of success, we have to have the confidence to face challenges.
There have been several projects that we decided to embark on but did not get the results we expected. But, it is only projects like this that help us analyze our shortcomings and work on them.
That’s how we have become the top blockchain development company in the US in a matter of a few years.
Key things to consider before starting a Business
Gurpreet Singh Walia: A clear mission is one of the most important things to consider before starting a business. It helps align the mindset of the team and set short-term and long term goals accordingly.
The next thing to keep in mind is the team. Your core team forms the foundation of the business. Invest time and money in building a skilled core team.
Finally, fund management. Finances are required to build any business. You must learn to organize and manage the capital to keep track of the investments and the returns.
If you had one piece of advice to someone just starting out, what would it be?
Gurpreet Singh Walia: Invest in a good team. I have always been outspoken about the importance of having good assets.
As an owner, you have to be careful at building a skillful team, because the investment in assets will show up in the results and success of the company.
Your success tips for young and aspiring entrepreneurs
Gurpreet Singh Walia: Always move forward with a positive mindset. Never give up because of one failure. The struggle is what paves the way to success. No good company, business or brand comes out of sheer luck.
Have perseverance, keep on working hard, believe in yourself and trust your decisions. All of it will be worth it in the end.
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