BUSINESS SUCCESS: SUKHI JUTLA AND MARKETORDERS.NET ON VIKING BLOG

Introducing the latest instalment of our Business Success blog series. Last month, we spoke to Selina Johnson about her Virtual Personal Assistant service Selina & Co. This edition sees us talk to Sukhi Jutla, founder of MarketOrders.net, an online B2B platform for the gold and diamond jewellery industry

 

What is the story of MarketOrders.net in a nutshell?

MarketOrders was created because of my frustration with the inefficient way the supply chain in the gold and diamonds jewellery industry was working…or should we say NOT working! Every step in the process was done offline and in person due to the high value nature of the products. My co-founder and I sought to make the supply chain easier for small retailers to access the products they needed by using innovative tech to make the transactions faster and more secure. Our platform now makes it easier for suppliers and independent retailers to connect.

How do you stand out from the competition?

MarketOrders stands out from the competition because we are the only online platform that uses tech end to end for the customer journey. What this means is that our independent retailers and suppliers are able to view the products they need online from a global catalogue, order products online, pay for them online and have them delivered straight to their door. This is unheard of in the gold and diamonds supply industry where many transactions are still done face to face.

Tea or coffee?

It has to be English Breakfast Tea!

Who is your business role model and why?

I’m inspired by business people who persist against the odds to bring their vision to life even when everyone around them tells them it cannot be done. In this vein, Jeff Bezos and Howard Schultz’s success stories inspire me.

What is your recipe for a productive day?

I start my day off with meditation and journaling for self- reflection time. This is followed by a protein-based breakfast like eggs and of course a good cup of tea! I spend the mornings doing ‘deep work’ which means I tackle the hard stuff first and allow no distractions from my phone. Lunchtimes are gym time and the afternoons are for meetings. As long as I follow this structure on most days, I feel I am productive as I get the most important things done in the morning.

 

 

What is your management style?

I am learning more and more to let go and delegate as my team expands. I prefer to trust my staff with tasks and give them the freedom to come up with their own solutions, as opposed to just telling them what they need to do.

What advice would you give to an aspiring startup company?

Hard work should not be dismissed. Building a business requires a lot of hard work, persistence, patience and belief. Trusting that your work will pay off.

What has been your biggest business challenge, and how did you overcome it?

Turning down £250k from a VC was hard as most startups struggle with resources and cash flow. It takes courage to stand up for your values and fight for what you believe is the right thing for your business. I overcame this hurdle by learning more about how to raise funds and never giving up. I am now about to launch my fundraiser on Crowdcube.com in 3-4 weeks and I will raise the funds I need on my terms.

What will the future bring for MarketOrders.net?

We are about to launch our crowdfunding campaign to raise £500k to drive exponential growth for the next phase of MarketOrders growth journey. We are looking to expand across Europe and continue to grow our amazing team.

How do you maintain a good work-life balance?

Taking care of my mental, emotional and spiritual well being has helped me to maintain a good balance. It’s important to recognise when you feel you need to step back and take a break and not feel guilty about taking to rest and recover. I have also found my work to be immensely rewarding. I love what I do, and this really helps too!

 

Written by Viking Blog : https://blog.vikingdirect.ie/business-success-sukhi-jutla-and-marketorders-net

MARKETORDERS CO-FOUNDER QUOTED IN BTCNN

Investor May Have Sold $1.5 Billion Of Gold To Buy Bitcoin As Price Spikes.

 

An investor puked about 11,000 gold futures contracts into the market recently. This increased the supply in the market and thereby sent gold’s price tumbling down to its lowest since January. Meanwhile, there was a spike in the price of Bitcoin.

Gold Puked and Bitcoin Spike

As the price of Gold tumbled to its lowest since January, Forbes posted an article titled “Bitcoin Is The New Gold” the same day. This also coincides with a spike in the value of Bitcoin. Well-renowned crypto influencer, Joseph Young took to social media as he tweeted that the entire market is seeing major greens with bitcoin’s price rising by almost 3%. This took place after the Bitcoin price has been lingering in the range of $5,000 and 5,050 for a while.

In response to Young’s tweet, Ran NeuNer, a well-known crypto expert and the founder and CEO of Onchain Capital, a crypto investment and advisory business, tweeted that “Sorry it was me. I placed my buy orders..”

Meanwhile, though it may seem like a sarcasm, there could be a correlation between the investor that puked Gold and the sudden spike of Bitcoin. Obviously, this brings forth the debate of Bitcoin being the digital gold. If it is possible for an investor to desert gold for Bitcoin, hence Bitcoin could be the Gold that its dominance will become prevalent with time.

This is especially made more explicit with the events such as Venezuelan crisis, as the Bank of England refused to give back the gold held by it to the nation, this fuels bitcoin’s usage as gold.

Founder and partner at Morgan Creek Digital, Anthony Pompliano, commented regarding this matter that “Venezuela’s request to withdraw its own gold of worth $1.2 billion from the Bank of England getting denied is the reason we should turn to bitcoin and the cryptosystem of financial transaction. This is another down for the Bankers and the banking system not letting the individuals to access their wealth.”

Bitcoin, the Digital Gold

The probable reason for a dump of gold for Bitcoin is summed up in the words of the founder and chief operating officer of MarketOrder Sukhi Jutla; he noted that “Bitcoin is still going strong after a decade and has proven itself to be a real and worthwhile use case. I believe it does have the potential to become digital gold.” Jutla stated this while replying to the question of bitcoin becoming the digital gold recently.

Perhaps, Bitcoin becoming the digital Gold is a subject of time. The prospects thus far have proven this.

 

Written by btcnn: https://www.btcnn.com/bitcoin-news/investor-may-have-sold-1-5-billion-of-gold-to-buy-bitcoin-as-price-spikes/

MARKETORDERS COO QUOTED IN BLOCKPUBLISHER

Someone Puked $1.5 B in Gold & Bought Bitcoin?

Sukhi Jutla: ‘Bitcoin is still going strong after a decade and has proven itself to be a real and worthwhile use case. I believe it does have the potential to become digital gold.’

Click HERE to read the article

 

BITCOIN IS NOT HARNESSING, IT’S REPLACING WESTERN UNION & REMITTANCE INDUSTRY

Sukhi Jutla: “Bitcoin was the first use case for payments and financial transactions. Its relevance for the remittance industry is therefore very high and relevant. It’s a proven model and one of the most trusted crypto’s out there.”

Click HERE to read the article

 

BITCOIN (BTC) PRICE: ANOTHER DAY OF NO GROWTH, LITTLE REDS HERE AND THERE

Sukhi Jutla: “This is a natural correction of the market as the markets were overly inflated over the last year which lead to the crypto crashing in 2018 due to the realisation that many ICOs were scams and had been hyped.”

Click HERE to read the article

 

BITCOIN PRICE: BTC STANDS AT $3,800 WITH PLEASANT SIGNS OF GROWTH

Sukhi Jutla: “Crypto’s are still recovering from the volatility of 2018, lots of uncertainty still remains and will continue to do so for the next 6 months.”

Click HERE to read the article

 

“I BELIEVE IT DOES HAVE THE POTENTIAL TO BECOME DIGITAL GOLD” – COO MARKETORDERS ON BITCOIN

Sukhi Jutla: “Bitcoin will compete with other cryptos in the market that are still emerging and I believe the markets will be dominated by a handful of a few strong cryptos, one of which will be Bitcoin.”

Click HERE to read the article

 

BITCOIN PRICE: BTC MOVES BELOW $4,000 ONCE AGAIN

Sukhi Jutla: “There were also more ICOs in 2017 so this led to a surge in investors buying ethers and bitcoin. 2018 had far fewer ICOs so the ether and BTC coins also feel as demand was lower.”

Click HERE to read the article

 

Written by: MarketOrders 

Sukhi Jutla Becomes Women’s Entrepreneur Ambassador of Westmont Enterprise Hub

Blockchain entrepreneur and MarketOrders Co-Founder Sukhi Jutla was recently chosen by Westmont Enterprise Hub to become their Women’s Entrepreneur ambassador. This new vibrant start-up facility, which is part of University of West London (UWL), aims to support and encourage entrepreneurship.

 

 

 

Empowering entrepreneurs

Westmont Enterprise Hub will link entrepreneurs with investment, business support, and University expertise to help them succeed and is a major boost for start-up businesses in the region.
With already more than 20 start-ups and 450 members, the Hub has connections to more than 500 businesses and plans to double its number of start-ups by the end of the year.
Sukhi commented: ‘The Hub is a wonderful initiative to cultivate and spark the incredible entrepreneurial talent growing in West London. The Hub benefits from the facilities of the University as well as connections to investors as well as other peer groups. West London has always been a thriving entrepreneurial area and its fantastic to see this infrastructure to support this thriving ecosystem.’

Laurence Geller CBE, Chancellor, University of West London, added: “Future growth in the economy depends on more people having the skills, knowledge and confidence to start new businesses. Through the Westmont Enterprise Hub, the University is supporting and inspiring students and the local community to achieve their dream of starting or growing a business.”

 

 

An Ambassador to lead the way

Sukhi’s role will involve advisory, inspiration, and leadership. Experience is gold, and Sukhi has got a lot of it through her career. Graduating from Royal Holloway, University of London after attending the local Ealing college and working in corporate finance, Sukhi wasn’t meant to be an entrepreneur. After a decade, she left the corporate world and explained her transition to entrepreneurship in her book ‘Escape the Cubicle: Quit the job you hate. Create a life you love’.
After 10 years of being an entrepreneur, several ups and downs and a few mistakes, she has become a fulfilled business woman and a thought leader in the tech space. Indeed, she has been recognised by a number of industry awards including the Asian Women of Achievement Awards, Management Todays ’35 Women Under 35′ and named a Top 100 European Digital Pioneer by The Financial Times and Google.

Sukhi gave us her insight on what it’s like to be an entrepreneur: ‘Most people think of the Richard Branson types of personalities when they think about entrepreneurship but it’s not always like that! I believe we all have the entrepreneurial spirit and it can be expressed in many different ways. My experience brings with it real insider knowledge on what it’s really like to be an entrepreneur and grow a business from scratch, how to deal with setbacks and how to keep moving forward. I will share my learning with the Hub community and encourage more people to consider stating a business, especially in West London.’

To find out more about Westmont Enterprise Hub, go on https://www.uwl.ac.uk/for-business/westmont-enterprise-hub

 

Written by MarketOrders

MARKETORDERS CO-FOUNDER FEATURED IN THE CHISWICK HERALD

Sukhi Jutla becomes Women’s Entrepreneur Ambassador of Westmont Enterprise Hub.

 

Blockchain entrepreneur and MarketOrders Co-Founder Sukhi Jutla was recently chosen by Westmont Enterprise Hub to become their Women’s Entrepreneur Ambassador. This new vibrant start-up facility, which is part of University of West London (UWL), aims to support and encourage entrepreneurship.

Westmont Enterprise Hub will link entrepreneurs with investment, business support, and University expertise to help them succeed and is a major boost for start-up businesses in the region.

With already more than 20 start-ups and 450 members, the Hub has connections to more than 500 businesses and plans to double its number of start-ups by the end of the year.

Sukhi commented: ‘‘The Hub is a wonderful initiative to cultivate and spark the incredible entrepreneurial talent growing in West London. The Hub benefits from the facilities of the University as well as connections to investors as well as other peer groups. West London has always been a thriving entrepreneurial area and its fantastic to see this infrastructure to support this thriving ecosystem.’’

Laurence Geller CBE, Chancellor, University of West London, added: “Future growth in the economy depends on more people having the skills, knowledge and confidence to start new businesses. Through the Westmont Enterprise Hub, the University is supporting and inspiring students and the local community to achieve their dream of starting or growing a business.”

Sukhi’s role will involve advisory, inspiration, and leadership. Experience is gold, and Sukhi has got a lot of it through her career. Graduating from Royal Holloway, University of London after attending the local Ealing college and working in corporate finance, Sukhi wasn’t meant to be an entrepreneur. After a decade, she left the corporate world and explained her transition to entrepreneurship in her book ‘Escape the Cubicle: Quit the job you hate. Create a life you love’.

After 10 years of being an entrepreneur, several ups and downs and a few mistakes, she has become a fulfilled business woman and a thought leader in the tech space. Indeed, she has been recognised by a number of industry awards including the Asian Women of Achievement Awards, Management Todays ’35 Women Under 35′ and named a Top 100 European Digital Pioneer by The Financial Times and Google.

Sukhi gave us her insight on what it’s like to be an entrepreneur: ‘‘Most people think of the Richard Branson types of personalities when they think about entrepreneurship but it’s not always like that! I believe we all have the entrepreneurial spirit and it can be expressed in many different ways. My experience brings with it real insider knowledge on what it’s really like to be an entrepreneur and grow a business from scratch, how to deal with setbacks and how to keep moving forward. I will share my learning with the Hub community and encourage more people to consider stating a business, especially in West London.’’

To find out more about Westmont Enterprise Hub, visit https://www.uwl.ac.uk/for-business/westmont-enterprise-hub.

MARKETORDERS COO QUOTED IN CHINESE NASDAQC

Bitcoin is replacing Western Union and MoneyGram and changing the global money transfer industry

 

It is reported that Bitcoin (BTC) can completely change the global remittance industry. Currently, more than $600 billion is moved annually from different countries, including the United States.

Cryptographic currency is also a great tool for smaller, cheaper and faster transactions. Virtual currency makes the whole process error-free and untrustworthy.

In a conversation with MarketOrders Chief Operating Officer BlockPublisher, Sukhi Jutla commented:

“Bitcoin is the first use case for payments and financial transactions. Therefore, its relevance to the remittance industry is very high and relevant. It is a proven model and one of the most trusted encryptions.”

The Money Transfer Operator (MTO) is an important participant in the entire remittance process because it oversees remittances sent to another country. MTO allows individuals and companies to remit money to the country and pay for services. MTO is supported by remittance software providers (RSPs) such as the well-known MoneyGram and Western Union.

There are only a few large companies on the market, including MoneyGram and Western Union. They have multiple locations and jurisdictions, and they are known all over the world. In addition, they do not have a fixed transaction cost and their share varies by location.

Still, the remittance industry should perform better, reduce costs, and improve trading time.

Bitcoin may be a very useful solution to these problems. Digital currency ensures the security of transactions and the speed of transfer. At the same time, the transaction can be verified without the participation of a third party. Although it is not free, the Bitcoin network has the lowest cost compared to existing systems.

There have been companies trying to release their own virtual currency to improve their services and still control the way transactions are handled. JPMorgan is currently developing JPM Coin. As Mark Moss, founder of Signal Profits, said, these companies are not aware of how cryptocurrencies will replace their businesses.

With Bitcoin, people have real ownership of their money and funds. They can also trade funds on a global scale, anytime, anywhere. In the future, Bitcoin can be a replacement for current systems.

 

Read more: http://www.nasdaqcj.com/blockchain/2019/03/04/3727.html