Thursday Apr 04, 2024
Stepping out of the acquainted could be as terrifying as it’s thrilling—simply ask Sumana Sanjeeva. From the structured corridors of banking to the wild frontier of e-commerce, her journey is a story of audacity and strategic genius. Sumana unfolds her narrative, revealing how she took a raffle on an Amazon enterprise, multiplying her funding fivefold, due to a voracious urge for food for studying and eager enterprise acumen refined by business masterminds and networking occasions just like the Billion Greenback Vendor Summit.
Think about diving into a brand new enterprise, armed with nothing however a brave coronary heart and a imaginative and prescient. That is what Sumana did, securing an SBA mortgage and leveraging her residence to purchase into an Amazon enterprise she barely understood. Her candid recollection of these first days, deciphering the alien world of the Amazon Vendor Central and grappling with stock administration, paints a vivid image of the entrepreneurial grind. Sumana’s tactical strategy to monetary planning and enterprise development, together with navigating the intricate dance with brokers and aggregators, is nothing lower than a playbook for aspiring Amazon sellers.
As we comply with Sumana’s journey, we step into the footwear of somebody who’s not simply conquered e-commerce however continues to reinvent success on her personal phrases. Now, as she prepares to promote one other model and anticipates attending BDSS for additional enlightenment, her story serves as a beacon for these craving to enterprise past their consolation zone. Sumana’s invitation extends past this episode prepared to attach and share the knowledge of a journey well-traveled.
In episode 389 of the AM/PM Podcast, Kevin and Sumana talk about:
- 00:00 – From Banking to Amazon Millionaire
- 03:19 – Occasion Planning For Networking Occasions
- 07:32 – Profession Path in Banking
- 11:32 – Discovering Amazon Enterprise Listings
- 15:46 – Beginning An Amazon Enterprise With SBA Loans
- 20:49 – Adapt to Enterprise Challenges Shortly
- 27:30 – Enterprise Technique and Development Via Acquisition
- 30:26 – Stock Administration and Revenue Development
- 33:47 – Promoting a Enterprise for Tens of millions
- 35:18 – Valuation Discrepancy in Enterprise Sale
- 37:34 – A number of Provides Result in Profitable Sale
- 45:22 – Entrepreneurial Success and Future Plans
- 48:20 – Success Via Good Enterprise Selections
- 51:20 – Kevin King’s Phrases Of Knowledge
