Get All Access for $5/mo

"It's Very Important To Love The People Who Work Around Us" Value based entrepreneurs can create great place to work.

By Sunil Pol

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock.com

The digital marketing space that conveys the message in the creative way is largely driven by the constant creativity, innovations and discoveries. Thus happy and value based environment encourage employees to think innovative ideas.

According to India Brand Equity Foundation in India the online advertising marketing has evolved from small-scaled business to full-fledged Rs 3,575cr industry in the last five to seven years of time with the compound annual rate of 28 per cent. It is projected to be the fasted growing advertising market in Asia after China.

Understanding the pulse of the creativity while marking its niche in the industry differently Gozoop, independent digital agency has successfully built a creative yet happy work culture driven by values rather than just profits.

Startup was founded by two young minds, Ahmed Naqvi and Rohan Bhansali in 2010. "A lot of entrepreneurs think that to build a great culture you require money. They think of how to balance between profitability and building a happy value based company", said Ahmed Naqvi, Co-founder, Gozoop.

Large numbers of entrepreneurs operating in the digital marketing space are profit driven. They are heavily investing on hiring talented people, putting in place best processes and adopting advance technology. But very few entrepreneurs are investing on the people with values as humility, honesty, loyalty, integrity and commitment which is the secret sauce of the successive company.

"We really believe that it's not about money it's about your attitude, what you pretend towards you employees that goes in building better and happy company", said Rohan Bhansali, Co-founder, Gozoop.

It is not easy for every entrepreneur to keep up with the company values while scaling up. The entrepreneurs fail to put conscious effort towards maintaining the happy and value based culture. Therefore slowly and steadily employee friendly values get replaced by the profit driven values stemmed by the intensified competition to acquire larger market share.

"It's very important to love the people we work around. We had decided whatever we will do we will keep our team happy and that was the broader understanding. Our core thinking was lets be driven by values and profit will be the bi- product. Our objective in the end is not to be the largest company but the happy company", said Ahmed.

"It is necessary for entrepreneurs to have a right balance. They should always be ahead of the curve. Initially after hiring 20-30 people we hired happiness officers who were actually a HR team. The mandate was to make sure that our team found meaning in the work and is happy with the work. And If you just focus on values and not profitability then that values wouldn't be sustained and vice-a-versa", said Bhansali.

In the growing journey it is also important for an entrepreneur to unlearn a lot of things to match the creativity of new breed of employees that they are bringing with the changing times and dynamics of the industry.

"Unlearning is very important. Every year the generation changes with which you have to unlearn a lot of things. The entrepreneurs should be agile and cognisant to how the generation going to best react to a certain value system. At the same it is important to not lose your value system", said Bhansali.

However the Indian Digital marketing industry is growing to its true potential in-line with global industry. It is becoming extremely important for the entrepreneurs to remain true to their values while making sure that every employee finding meaning in their work and feels belonged to the company. For employees the growth should not be just professional but also the personal.

Sunil Pol

Correspondent, Entrepreneur India

Growth Strategies

Learn business by doing business across the Globe: The next revolution in Entrepreneurship

As the startup ecosystem sees an influx of new entrepreneurs, the question arises: Is our current business education sufficiently equipping students for the entrepreneurial challenges they will face?

Branding

ChatGPT is Becoming More Human-Like. Here's How The Tool is Getting Smarter at Replicating Your Voice, Brand and Personality.

AI can be instrumental in building your brand and boosting awareness, but the right approach is critical. A custom GPT delivers tailored collateral based on your ethos, personality and unique positioning factors.

Business News

Is the AI Industry Consolidating? Hugging Face CEO Says More AI Entrepreneurs Are Looking to Be Acquired

Clément Delangue, the CEO of Hugging Face, a $4.5 billion startup, says he gets at least 10 acquisition requests a week and it's "increased quite a lot."

Business News

Joey Chestnut Is Going From Nathan's to Netflix for a Competition 15 Years in the Making

Chestnut was banned from this year's Nathan's Hot Dog Eating Contest due to a "rival" contract. Now, he'll compete in a Netflix special instead.

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

News and Trends

Adani Group Aims To Be India's Largest Cement Manufacturer With $3 Billion Acquisition: Report

Adani Group is eyeing a potential $3 billion cement acquisition in lieu of recent boom in the infrastructure sector by the government.