Arjun Mahadevan: Ignorance is an Edge, Battling for Business, & Building In Public | The Really Rich Podcast - Ep.19
May 15, 2023
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Arjun Mahadevan, founder and CEO of Doola, discusses topics such as asymmetric upside, making it up as you go, selling before building, surrounding yourself with the right people, bodybuilding and entrepreneurship, beginner mindset in entrepreneurship, the importance of connections, reflections on immigration and hard work, and creating content that feels like play.
Doola aims to simplify the process of forming a business, offering an all-in-one solution that makes entrepreneurship accessible to a wider audience.
Taking action and starting a business is crucial, as not doing so can lead to regret and unfulfilled potential.
Hard work, continuous learning, and adapting strategies are essential for personal and professional growth in entrepreneurship.
Deep dives
Dula: Making Business Formation Easy
Dula is a company that seeks to simplify and streamline the process of forming a business. They offer a comprehensive, all-in-one solution that takes care of everything, from forming the company to setting up a bank account and ensuring compliance with tax regulations. By providing a click-button easy experience, Dula aims to open up the world of entrepreneurship to a wider audience, encouraging and empowering individuals to turn their ideas and side hustles into successful businesses. Through their content and creative marketing strategies, they hope to educate and inspire people around the globe to explore the possibilities of starting their own companies.
The Risk of Not Taking Action
Dula emphasizes the importance of taking action and starting a business. They stress that not taking action is a form of protection and fear of failure, and it can hinder personal and professional growth. While entrepreneurship is inherently risky, not taking the leap can lead to regret and a sense of unfulfilled potential. Dula encourages individuals to overcome their fear, embrace the beginner mindset, and take small steps towards their entrepreneurial dreams.
The Power of Hard Work and Iteration
Hard work is a key factor in achieving success, according to Dula. They believe that hard work, combined with a relentless drive to iterate and improve, can lead to significant personal and professional growth. Dula encourages individuals to focus on the controllable aspects of their journey, such as putting in the effort, continuously learning, and adapting their strategies. They emphasize that hard work can level the playing field and help individuals raise their own potential.
Finding Your Passion and Playing to Your Strengths
Dula emphasizes the importance of following your passions and playing to your strengths. They believe that true success and fulfillment come from doing what you love and leveraging your unique skills and interests. By aligning your work with your interests, you can find joy and motivation in your entrepreneurial journey and overcome challenges with enthusiasm.
Embracing the Unconventional and Being Authentic
Dula encourages individuals to embrace unconventional paths and be authentic in their endeavors. They stress that success doesn't always come from following traditional routes or conforming to societal norms. By staying true to yourself, taking risks, and pursuing your own unique ideas, you may find unexpected success and make a genuine impact in your industry.
In episode 19 of The Really Rich Podcast, I sit down with Founder, CEO, and Wharton grad; the self-described “Mr. LLC”, Arjun Mahadevan, of Doola. Doola provides business formation services to young companies with a click. Listen to Arjun’s thoughts on asymmetric upside, making it up as you go, and selling it before you build it.