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Anjani Duddukuru from SUPPLIERSCAVE.COM, Dubai

Anjani Duddukuru from SUPPLIERSCAVE.COM, Dubai

1. How do you start your day?

I start my day by checking my email and WhatsApp messages, quickly followed by a game of tennis.


2. What problem does your business solve? Was there a catalyst that made you start supplierscave.com?

Supplierscave.com helps contractors liquidate surplus material using technology and increase the salvage value. Before founding Supplierscave, I used to work as a procurement manager with Larsen & Toubro. Contractors procure material for the project. Once the project is completed they are left with this unused material which has to be scrapped. Usually such material costs 1% of the project value or 10% of Profits. When scrapped the yield is 2% to 8% of the cost price and contractors are to write off the remaining value.


When I realized the value being destroyed, I decided to start supplierscave.com

We target to find buyers at a subsidised rate for such material and provide between 40% to 60% of the cost price, delivering 15 to 30 times the value contractors could otherwise get.


3. What surprised you most about running your own business? What did nobody tell you about?

The enormous amount of time, energy and money needed to run the business. Though this is no secret, it still surprised me.


4. What is bad advice you hear in your industry?

That burnout is the way to succeed as a start-up. Every entrepreneur need not be a Steve Jobs or Elon Musk. We all have our place in the world.


5. What do you struggle with the most as a business owner?

Switching the various thinking hats. Devising Strategy and converting a lead to sale requires a different frame of mind.


6. What do you enjoy most about running your own business?

The freedom,  flexibility and the sense of joy after every little success.


7. Was there a time where you nearly gave up? What did you do instead?

Just months after The Covid-19 lock down. Those were the most challenging times.


8. What are the biggest challenges for Supplierscave.com at the moment?

Covid-19 is one of the biggest challenges at the moment. We are prepared to take on these challenges.


9.What is your secret success weapon (family, someone who inspires you, long walks....)?

As an Entrepreneur, I draw inspiration from everyone and everything I can. I am thankful for the family support and considerate friends who went out of their way to help me.


10. Please share a golden nugget of wisdom for budding entrepreneurs

Build slowly. Take care of your physical and mental health. Its ok to quit. Entrepreneurship is tough. Even those who built successful companies and wrote best-selling books failed or had failures at business when luck did not favour them.


11. How can people find out more about to you? (Website, LinkedIN, Twitter etc)

https://www.supplierscave.com

https://www.linkedin.com/in/anjani-duddukuru/

https://twitter.com/DAKK1983

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