Richard Liu Qiangdong is a leading entrepreneur and a business mogul who is known all over China and other parts of the world. The owner and the Chief Executive Officer of JD.com, an e-commerce platform that sells different brands has been able to do in China what Amazon has done in the United States. He has been very competitive in an industry that has other online platforms that sell similar products. Here are some few important lessons that upcoming entrepreneurs can learn from him. The first lesson that individuals can learn from Richard Liu is that they should remain in a single position, especially if they are not earning sufficient money and joy. Richard was an employee of Japan Life, an organization that was selling medical products.
Although he was holding some senior positions such as the director of computers and the director of business operations, Liu was not happy about his position, which made him to move out and start his own organization. Secondly, Richard Liu is an innovative entrepreneur who has been able to move with time and the trends in the market. After starting a brick and motor store, he expanded the company to more than 12 branches which were specializing in selling optical and magneto products.However, he realized that there was no future in brick and motor retail outlets, which forced him to go further and start an online platform, JD.com, which has become a daring of many individuals.
Richard Liu Qiangdong has been able to move the company into greater heights to the point where its net worth is more than $56 billion. His innovative strategies have enabled the organization to invest wisely without making losses while at the same time making huge profits that have enabled the organization to move in the right direction. Lastly, young and upcoming great entrepreneurs should invest their energy in ensuring that they can easily understand the trends in the market and invest appropriately. Richard Liu has implemented a new channel that delivers quality goods and services to luxury buyers who are willing to spend much money for quality goods and services while at the same time getting luxury experience.
GoBuyside of New York City has adapted to the evolving employment landscape. They are an executive search firm. The days of calling and using local talent recruitment agencies to fill positions are now viewed as old fashioned and inefficient ways of recruiting in the new digital age. GoBuyside watches trends within the financial industry to come up with methods that are most efficient to acquire new talent. Follow GoBuyside on Instagram.
The recruiters at GoBuyside of NYC uses industry-specific recruiters instead of general recruiters. Industry-specific recruiters are specialized in finding quality talent for a position in the investment management sector. There are three major advantages to using industry-specific recruiters. Such as reduced opportunity costs, increased niche expertise and access to a large pool of top-tier investment management talent.
Investment management firms are constantly looking for ways to reduce the time it takes to bring on board a new hire. Unfilled positions are a burden on the company. Taking up valuable time and costing more revenue. A successful employee should manifest 5-10 times more than their annual compensation in revenue for the company. Follow GoBuyside on Twitter.com.
Arjun Kapur is the founder and current CEO of GoBuyside of New York City. He has attended John Hopkins University and graduated with a Masters in Business Administration from Stanford’s Graduate School of Business. Arjun has complied years of successful recruiting experience for businesses, spanning over 40 cities in the United States and 10 cities overseas.
One trend that excites Arjun Kapur, is the increasing research and development of artificial intelligence or AI. While still in the early stages its potential value to enrich lives is intriguing. Arjun states that he hopes there are major breakthroughs in the future that have effective real-world applications. In a recent interview Mr. Kapur was asked “What is one strategy that helped you grow your business?”. He responded by saying that it was great customer service. He also states that customers have a choice when choosing to buy products or services. The customer can tell 8 out of 10 times when you are genuinely interested in helping them versus just trying to get revenue.