This is the interview of Reevanth Lama – Indian Entrepreneur, Chairman and VP – Reev technologies. We hope you find the inspiring interview useful and motivating through your entrepreneurial journey and will keep you inspired.
Tell us a little about yourself
The world as we know today is being driven towards a technological era, where our lives are more connected to the virtual world than the real one.
Seeing this, at the age of 17, I started my own tech company (www.reevtech.in) but with a very little to no capital in my hand to start with.
So I started to do a lot, I mean a lot, of freelancing as a website and mobile app developer all from my bedroom. Few paid off well but few turned out to be fraud.
Slowly but steadily I was making some money, which is better than nothing. I invested all that I was earning into my startup and hired few of my classmates from an android development diploma course.
Over the course of time, it grew, we hired more programmers, sales and marketing people. One client led to another who recommended us to their connections, this is how we got more and more clients who started to work with us.
Right now, we’re a well established firm working with schools, colleges, hospitals, publishers, small to large scaled businesses and private individuals. We help them make their end to end software solution packages.
Apart from this, we do a lot of R&Ds making devices, applications, websites and many more based on new technologies.
This is how a 17 year old’s startup earns $1,00,000 per year.
How did you get your idea or concept for the business?
My father’s a software engineer and a businessman. Growing up, I’ve always seen him with his computer and have always had an interest in computers.
I haven’t been great with studies in school days but the only subject that I could do the best in Computer Application.
What service(s) or product(s) do you offer?
Software Solutions, Custom made Devices to solve business problems and many more to small to large scaled businesses, hospitals, schools, colleges, publishers and private individuals.
What is unique about your business?
reev technologies is an IT firm started by developers for all those dreamers like myself.
What made you choose this type of business?
My forever interest in Computers kept me in stepping in this business at the age of 17, while I was still in school.
What was your mission at the outset?
To provide a platform where people don’t need expensive products to do the tasks that one can without spending much. This is what we’re now trying to make in the software business in our R&D.
How many employees in your organization?
17 – 22 , it varies from time to time.
What’s your company’s goals?
To help businesses during this pandemic with necessary tools to rebuild what’s lost during this pandemic.
How do you build a successful customer base?
Three pointers to this question:
1. Deliver more than what they expect.
2. Quality of the product is always the number one priority
3. Never under estimate others, there is always someone better than you. So give your best to keep a hold on that customer to yourself.
What have been some of your failures, and what have you learned from them?
During my starting years, I had major failures on few projects, encountered frauds on my way. A lot of money problem, employee salary, rent, etc etc.. during my starting years.
Life isn’t fair all the time, but you have to stay strong, my father says.
Who has been your greatest inspiration?
My Father, though he has been my super hero for like ever but also he has always shown and given real life knowledge like no one.
What are some of the biggest mistakes you’ve made?
Believing everyone blindly. We, as a company, always need to have certain boundaries no matter what in our business life.
If you had one piece of advice to someone just starting out, what would it be?
80% changes are that you might fail, but don’t give up. If you see potential in something then go for it, no matter what.
Does your company help the community or society?
Yes, we’ve partnered with a few NGOs, helping out people during these hard times.
We hope you find the inspiring interview of Indian Entrepreneur, Reevanth Lama – Indian Entrepreneur, Chairman and VP – Reev technologies useful and inspiring through your entrepreneurial journey and will keep you inspired.
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