Making money is hard enough but making sure your money is legal and white is a muddle of red tape and legalities. It is every citizen’s duty to ensure that the country which facilitates their freedoms gets their due. However, giving taxes on time and with no discrepancies is a migraine inducing activity that is best handled by an expert. Narayanan Mummidi is a new age expert in the areas of Finance and Accounts employing technology to ease everyone’s taxation dilemmas.
Vignesh IT Solutionz is his brain child established in 2004. Narayanan laid out their areas of expertise for the benefit of our readers at Yourstory saying “Vignesh IT Solutionz is a small business providing Business Management Consultancy in the areas of Finance and Accounts like Book-keeping, Statutory Compliance under Income Tax Act, Sales Tax Act, Central Excise& Service Tax, etc
“The organization is well equipped by adapting modern Information Technology in the areas of Ecommerce. The model of my business that any shop owners can sell their goods or services online without geographical limitations across the globe.”
Their aim is to provide their services all over India, and Narayanan states their method of widening their horizons which is “By appointing franchisees all over Chennai, then other cities of Tamil Nadu & ultimately a pan India presence which may lead to an International presence also”
His capabilities and dreams led him to undertake his present vocation. “I choose to be an entrepreneur because it gives me the freedom to work & also to dream about my fancy & creative ideas that benefits me as well as the Society at large.” says Narayanan
Overcoming the monetary hurdles in his way is still an ongoing process. Narayanan says “My biggest challenge is to find funds for working capital. To overcome this I chose to play slowly of my business activities. I do plan my activities step by step according to my resources of funds, labour etc.”
He rues trying to manage many activities at the same time and says “The biggest mistake I’ve made is putting my finger in all the pies.”
The company has been making waves online and has made its presence felt. “The organization has made its web presence through Networking with various Social networking sites like FaceBook, Myspace, Linkedin, and Twitter to name a few.” says Narayanan.
Narayanan is proud to have his efforts noticed by people and says “Though I do not have achieved big results I wish to specify here that my start up business made a significant result that enabled me to connect with a faraway customer in London.”
“I have been awarded the Certificate of Merit by Economic Times "Power of Ideas" initiative program conducted for Budding Entrepreneurs.”
His duties and responsibilities sometimes make him wish that he could go back to a 9-5 and he acknowledges this saying “Yes. I do feel like giving up some times due to my family size & my dependants like my wife & children.”
He is not ready to give up just yet though and owes it all to “The passion to achieve something that benefits the society at large.”
His end game is to make technology accessible to all; he says “My vision is to empower all people especially the common poor man by providing them new & modern cutting edge Information Technology if not bleeding Technology work for them all the way to support them to sell their goods or services to the entire world without boundaries.”
Narayanan voiced his thoughts on the essential ability an entrepreneur should possess saying “In my opinion I believe the basic requirement of any Entrepreneur is to network with people having similar ideas.”