Accomplished Entrepreneur Vijay Eswaran a Model of Modern Business Success

Last year, the QI Group of businesses announced that it had generated $750 million in annual revenue. It was a perfect representation of the unprecedented success that the e-commerce based conglomerate has achieved less than two decades since it was founded. For the company’s founder and executive chairman Vijay Eswaran, the announcement showed how through visionary leadership and innovation, the company had overcome initial setbacks to become a leading force in the multilevel marketing industry.

Vijay Eswaran was born in Malaysia on October 7, 1960. His father worked with the Ministry of Labor. Thus, the family was forced to shift frequently from one part of the country to the next due to work requirements. In the early 1980’s, Eswaran enrolled for a socio-economic degree at the London School of Economics, graduating in 1984. Read more: Five Minutes With Dr. Vijay Eswaran, Executive Chairman, QI Group of Companies

While in the UK, Eswaran became exposed to the binary system. He decided to enroll for a professional course on the system and attended CIMA, UK. After the course, Eswaran enrolled for an MBA at the Southern Illinois University and worked part time at a multilevel marketing company called Synaptics in the US.

When Eswaran returned to Malaysia, Cosway Group offered him a position in multilevel marketing in their Philippines-based company. It was at this time that Eswaran’s passion for the system developed. In 1998, he founded QNET, a multilevel company that bloomed over the years to become QI Group. Learn more about Vijay Eswaran:  http://philanthropies.org/vijay-eswaran-2/

Today, QI has several investments in the media, hospitality, direct sales, education, and health sectors. The company is headquartered in Hong Kong and has regional offices in about 20 other countries including Malaysia, Singapore, and Thailand.

Eswaran is an accomplished author too. He has published several successful books, among them In the Sphere of Silence and 18 Stepping Stones. His most recent book, Two Minutes from the Abyss was published in 2016. Currently, Eswaran travels widely, speaking at different global economic forums. His charitable organizations include the RYTHM Foundation and the Vijayaratnam Foundation.

Don Ressler: An E-commerce Pioneer

There is perhaps no one in the world of e-commerce today who has exemplified more drive and ambition than Don Ressler. Getting his start in 1997, Ressler is widely regarded as an innovator of online space and the industry in general. His associations include Fitness Heaven, Intermix Media, Alena Media, and others. As of recently, however, Ressler has focused his energy on his own ventures—JustFab and TechStyle Fashion Group.

 

JustFab’s first major fund acquisition came in the fall of 2011 when Matrix Partners invested $33 million into the company. This investment would be the first of many. Rho Capital Partners came through with $76 million in the summer of the following year. It would be another 14 months, however, before the Shining Capital would invest $40 million. In December of 2013, Shining Capital decided to add a cherry on top with another $15 million. By August of 2014, Passport Capital made an investment to top all others with $85 million to JustFab.

 

Today, TechStyle Fashion Group is comprised of over 4 million active members. The company, however, was founded by accident by Don Ressler in March 2010. Since then, TechStyle’s membership numbers have grown steadily. In May of 2013, the company expanded internationally into Spain and France following the acquisition of The Fab Shoes. With the major investment by Passport Capitol in 2014, JustFab brought its total capitalization to $250 million. Fabletics, an online athletic retailer founded in part by Ressler, became TechStyle’s fastest growing label in 2015. In April of 2016, Fabletics announced plans to open between 75 and 100 brick and mortar stores of the next three to five years.

 

Don Ressler’s involvement in e-commerce expands far beyond TechStyle and JustFab. Ressler played a huge role in enhancing the shareholder value at Intermix Media—the parent company of Myspace.com. Ressler would also go on to found Intelligent Beauty—a health and wellness, beauty, and fashion products retailer—which would lay the inspirational groundwork for TechStyle Fashion Group.

 

Having started in Ressler’s living room at his Manhattan Beach house, JustFab’s rapid growth and international expansion quickly necessitated relocation of the company’s headquarters. Of particular appeal was vicinity of El Segundo, California to the international airport and magnificent beaches. In addition to the scenery and convenience, the headquarters at El Segundo currently has 128,000 square feet of office space with room for expansion—a huge plus, considering that JustFab’s future is sure to be prosperous. https://www.linkedin.com/in/don-ressler-328b4618

Assistance Offered By Mike Baur’s Swiss Startup Factory

It goes without saying that the entrepreneur needs help. As a matter of fact, it is safe to say that the entrepreneur needs to be educated on the ways of the company so that he will have a better chance at bringing forth the desired results. Fortunately, Mike Baur is someone who is very interested in helping his entrepreneurs. One thing he wants to do is offer assistance to entrepreneurs who are planning on putting together a global business that is going to make some major changes in their respective industries. However, Mike is offering his clients much more than services that are going to ensure that the company is able to launch. There are also services that are going to help them learn some secrets that could help them gain an edge in any industry.

 

Among the services that are available from the Swiss Startup Factory is the Pre-accelerator program. One of the reasons that this is the service that is worth looking into is that there are many aspects to the program that will help the entrepreneur clients in a multitude of ways. This program will give the clients an edge in the market with all of the lessons that come with it.

 

Among the services that are offered in the Pre-accelerator program Coaching, Professionally Taught Pitch Training, Product Development, Market Research Team, and plenty of other offers. One thing that Mike Baur wants to do is make sure that his clients have access to all of the highest quality tools in the industry. While it is possible to achieve some kind of success without all of these offerings, many entrepreneurs not only want to succeed quickly but also want to start and run a huge global company.

 

One thing that could be said for Mike Baur is that he has a lot of creativity. He also encourages others to use their creativity so that they can really shake up the industry. He is not afraid of any idea. He encourages others to not be afraid to share their idea and get some feedback on it. After all, the feedback they receive is meant to make the idea stronger.