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Bank $1 Million Every Month In Profits

I read this article sometime ago but thought I would link to it here. Imagine banking this kind of money. The original article was published by: Forbes The Smartest Unknown Indian Entrepreneur

Entrepreneur Marc Benioff is afraid of him. Venture king Mike Moritz wants to invest in him.

You have never heard of Sridhar Vembu, founder and CEO of AdventNet, the company behind newly launched productivity suite Zoho.

Vembu is a low-profile guy if there ever was one. He is also cheap as hell. Yet, of course, you know that among entrepreneurs, frugality is a virtue. A tremendous virtue.

Vembu has stretched this virtue to extreme limits, and added layers and layers of creativity upon it. The result? A 100%, bootstrapped, $40-million-a-year revenue business that sends $1 million to the bank every month in profits.

Doing what? you might wonder.

www.zoho.com

Selling network management tools, to be precise. But with a unique twist. Vembu employs 600 people in Chennai, India, and a mere eight in Silicon Valley. Imagine what that does to his cost structure!

Not only that, in India Vembu's operation does not hire engineers with highflying degrees from one of the prestigious India Institutes of Technology, thereby squeezing his cost advantage.

"We hire young professionals whom others disregard," Vembu says. "We don't look at colleges, degrees or grades. Not everyone in India comes from a socio-economic background to get the opportunity to go to a top-ranking engineering school, but many are really smart regardless.

Read an interview with Vembu

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I've not yet fully tested out Zoho but it has some tools I certainly would like to try out the web conferencing and online databases. TechCrunch provide a got look at the notebook tool and other services.

David Frosdick creates and teaches online courses for entrepreneurs and bloggers who want to start an online business or grow their current audience. He has produce online training for the last 10 yrs and can help you create your own projects online using content marketing and product creation skills. He believes everyone has a skill to share and it's possible to create a business out of your knowledge.

David Frosdick

David Frosdick creates and teaches online courses for entrepreneurs and bloggers who want to start an online business or grow their current audience. He has produce online training for the last 10 yrs and can help you create your own projects online using content marketing and product creation skills. He believes everyone has a skill to share and it's possible to create a business out of your knowledge.