First generation entrepreneurs are the people who embark on their entrepreneurial journey without prior family experience and guidance. They are the individuals who are the first in their families to start and run a business. They don’t have the advantage of ( the benefit of) familial support, business background, and legacy. They lack a business background.
They identify a business opportunity, assemble resources, and develop a plan to implement.
This unique attitude imbues them with a distinct set of characteristics, challenges, and opportunities that shape their paths.
Specific Characteristics of First generation entrepreneur
1. A Strong Desire to Succeed
These people always have a clear vision and a strong desire to succeed in their business. Their innate ambition drives them toward their goals. They have a vision to develop successful ventures from scratch.
2. Excellent Capability to Bounce Back from Setbacks
The First generation entrepreneur people have remarkable resilience to overcome obstacles and challenges. They are well adaptable to changing circumstances through sheer determination. They are capable of surviving their worst days.
3. Best Combination of Hard & Smart Work Nature
These people are always willing to put more effort by working for long hours. At the same time, they know how to get things done smartly. They are alert enough to wear multiple hats to get their business done.
4. Being Ready to Grab Opportunities
These people are always willing to step out of their comfort zones to seize opportunities that others may overlook. They are capable enough to take calculated risks.
5. Exhibiting Customer-Centric Approach
The First generation entrepreneur prioritizes customer feedback, continuously improving their products or services based on consumer needs.
6. Perseverance Through Tough Times
Entrepreneurship is a long-term commitment. A committed attitude of the First generation entrepreneur is very much required for the continuity of success. Stay committed and perseverance through tough times is essential.
7. Keeping Track of Finances
The First generation entrepreneur people tend to keep track of business finances. It is an ongoing process that includes taxes, bookkeeping, and payroll. They are capable enough to implement cost-effective policies.
8. Being Creative & Innovative
These people are well known for their innovative ideas and ability to think in creative ways. They always focus on innovation and differentiation, creating a unique value proposition that sets their business organization and operation apart from the competition. They are active with new concepts and solutions.
9. Being Resourcefulness
These people never bother about the lack of significant resources and networks. They are the expert to make the most of what they have. They often develop resourcefulness.
10. Emotional Intelligence
These people foster a positive work environment by using their emotional Intelligence. It helps them connect with employees and customers.
First generation entrepreneur - Mr. Ponnusamy Karthik
Mr. Ponnusamy Karthik now spearheads the Namma Family Group of Companies as the Founder & Chairman. He is a pioneer in the real estate industry. He is the first in their family to start his own business. Their family lacks a business background. There is no one in their family to guide him.
Family Background & Academic Curriculum
A.Ponnusamy Karthik hails from Malaiyarasankuppam, Gingee, Villupuram, Tamilnadu. He was born on 13.06.1993.
He completed his school education at Dr. Lemire School of Excellence, Vettavalam, Tiruvannamalai district. He continued his Diploma at Vignesh Polytechnic College, Tiruvannamalai district. He completed Civil Engineering at Anna University, Chennai.
His father Annadurai and his mother Kavitha well groomed him and extended their full cooperation and support for his excellent growth. He tied the knot with Ms.Priya on 14.06.2021.
Excellent Career Growth of Mr. Ponnusamy Karthik
Business is a passion during his college days itself. He finished his academic curriculum with a desire to start a business on his own. He worked for a short duration with a real estate firm. His business passion doesn’t allow him to continue to work under someone’s authority. He did not want to be a person working for someone else and earning a monthly salary. His risk-taking appetite was excellent.
The constant urge to start a business of his own made Mr. Ponnusamy Karthik to start “Namma Family Builder & Developer” in the year 2016 with a small team of 5 likeminded professionals Mr.K.Govindaraj (AGS), Mr.A.Idhayadulla, Mr. T. U. Srikanth, Mr.V.P.Thanigaimalai, and Mr.G.Anand. They have excellent confidence in their abilities.
Mr. Ponnusamy Karthik struggled much more at the beginning. He learned from his own mistakes and avoided making those mistakes again. In 2020, the company was transformed into “Namma Family Builder & Developer Private Limited”. The company became more visible within a short time. Now the company has grown into Namma Family Group with a strength of 200+ employees. He created job opportunities for 200+ employees.
His presence is strong in the Resale & Layout real estate and he has done excellent projects across Tamilnadu (i.e., GST, ECR, OMR & Coimbatore, Hill Point-Ooty, Kodaikanal Yercaud areas).
He built a solid business before he started to expand. The expansion plans were marvelous and he invested money in lucarious ( various ) businesses. The company has expanded into Tamilnadu Karnataka, Kerala with the best client service. The company is the dominant player in Construction and Architectural design.
Namma Family Pollachi Ilaneer is a leading exporter and supplier of Tender Coconut to the United Kingdom, Dubai, the U.S., and all over India. There’s no going back. Now he is planning to sustain it for a long period, the key is to make it large-scale as fast as possible.
Voluntary Community Philanthropies of First generation entrepreneur - Mr. Ponnusamy Karthik
Ponnusamy Karthik has been doing excellent service through his social charity ‘Seyal’. Through this ‘Seyal’ charity, he has been visiting old age homes frequently and providing food and necessary assistance. He encourages the poor and needy students with their education expenses to study. He develops the skills of the youth in villages by conducting sports programs ( like Cricket Tournaments). He compliments the best sportsmen with good prizes.
Ponnusamy Karthik is the active president of the Tamilnadu Athletics Association in Villupuram. He is making an excellent contribution to the Athletics development.
As a good citizen of the country, he cares for the society of people in all possible ways. He extends a helping hand during natural calamities like floods, rains, and storms. He has been doing many such voluntary community philanthropies.
Media Appearances Of First generation entrepreneur - Mr. Ponnusamy Karthik
Ponnusamy Karthik is a good motivational speaker on YouTube and Instagram. He is spreading great ideas on YouTube to inspire society and the youth.
Ponnusamy Karthik constantly motivates the youth by “Continue your persistence and dreaming. It is possible to achieve anything in the world by hard work and effort.”
Conclusion
- First generation entrepreneur overcome these obstacles with determination, hard work, and a clear vision, and achieve success.
- They learn new things every day to stay ahead in the field.
- There’s no going back for this first entrepreneur Mr.Ponnusamy Karthik. His vision and business plan for the future are great.