Episode 154: Success Stories in Entrepreneurship Start With Setbacks with Marion Mariathasan of Simplifya
Marion Mariathasan, CEO & Co-Founder at Simplifya and Chairman & Founder at Ceylon Solutions, shares his serial entrepreneurship journey. Behind the success, Marion has had his fair share of stumbles. He shares a few of these along with the lessons that came from them to help share and build the entrepreneurship community.
Marion explains the importance of recognizing business problems, especially in new and upcoming sectors. Simplifya helps support the tedious registration process for cannabis business owners. Instead of actively participating in an upcoming and thriving industry, he chose to find ways to support the industry’s pain points. Entrepreneurs can pick up on this and find upcoming industries and solve their problems.
Marion shares his recipe for success that every business leader should keep in mind. He calls it the 3Ps - Patience, Passion, and Perseverance. While every startup founder may have the passion and the perseverance to follow through, Marion thinks patience is the hardest to master. He gives an example of when he almost gave up on his startup but held on and won. Jokingly comparing this to gambling, he thinks that luck can be replicated with the right amount of perseverance and opportunities.
Marion also shares some great strategies that startups need to master; It’s important to listen to your potential customers and be flexible in creating a product. You need to find the right balance, though, so as not to get stuck in development hell. It’s imperative to determine what’s important first and get to a level of stickiness and value so that customers need you for their business.
Business leaders looking to expand their outlook and strategic thinking will benefit from Marion’s wealth of experience. And his perspective on entrepreneurship will benefit leaders of all experience levels.
Website - https://www.simplifya.com/
Website - https://ceylonsolutions.com/
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