Why a Startup Owner Exit Pakistani Market? | Umar Rana | Out of Sync Podcast

Generating Billions of Online Sales!
In the latest Out of Sync Podcast, Umar Farooq Rana, CEO of Alchemative, shares his professional journey, which started as a network engineer and later led to creating a market-leading company for e-commerce solutions. He reflects on the initial product created for schools and describes the major breakthrough experience with Sapphire under the umbrella of Alchemative.
Throughout his entrepreneurial journey, which encompasses ventures like Ginkgo, Unumpay, Adex360, and Epinovus, Umar Rana highlights his achievements and challenges, offering valuable lessons for budding entrepreneurs.
Tune in for an exciting conversation!
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00:00 Introduction
03:50 First Job as an Intern
04:50 Switching to Networking
07:02 Job in Telenor as Network Engineer
09:42 Left Telenor to join Family Business
11:20 Founding Alchemative
14:30 Self learning for decision-making
20:04 Journey of Alchemative
24:40 First Product for schools
27:29 Business with Lahore Garrison
28:40 'Right person for the right seat'
30:05 Product 'Manage Wise'
33:10 Game-changing Product development with Sapphire
40:02 Identifying Customer Needs
45:50 Growth in COVID period
47:10 Creation of 'Ginkgo'
49:40 Exit from Pakistani market
51:20 Migrating Alchemative to 'Epinovus'
52:25 'Unumpay' startup for payment mediation
54:20 Closing Down Epinovus
57:10 Analyzing success and failure stories
59:08 Importance of vision and values for the company
01:02:35 Decision-making process in business
01:06:50 Diversification of businesses
01:09:50 Long-term goals of Alchemative
01:12:06 Advice for aspiring entrepreneurs
Umar Rana's linkedIn: / umar77
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#entrepreneurship #ecommerce #startup #podcast

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[@peejaylal353]

Great find for interviewing. I am an introvert and self learner from age 5. I am 75 now. I can easily relate my journey with Umer Farooq in terms of self learning, books and entrepreneurship. I set up an NGO in my university days prior to becoming a journalist for daily newspapers in India and Hong Kong for 14 years. NGO equipped me with small organisation management skills which ultimately helped turned B2 B international trade entrepreneur just on the eve of Internet and Web age. Reaching out to markets by visiting prospects helped a lot. Later Www also helped me expand my business.

[@naveedafaheem3264]

Great job, Fahd! You consistently pose intriguing questions to guests, regardless of their field.

[@inayatullah03]

you are doing a freat job make More business podcast

[@imranhaider1206]

An awesome podcast thankyou so much @OutofSyncPodcast for this beautiful podcast

[@OutofSyncPodcast]

Thanks for listening!