Jaipal’s decades of experience in his industry give him a unique perspective on what it takes to succeed. He attributes this success, in part, to never staying still for too long and constantly striving toward greater heights with every new challenge he faces.
Being able to leave one’s comfort zone and embrace change is an essential skill that all entrepreneurs should adopt. A good business owner needs to have an open mind and willingness to learn new things so that when opportunities or obstacles come into play, they can smoothly navigate their company toward success.
Tell me about your company and what inspired you to start
I was previously working in IT for many years, and I wanted to start my own company, Jai Consultancy, because I am very familiar with all the systems and working with clients. I primarily focus on creating IT projects with our clients, usually through the Prime Vendor or point person.
I manage all the technical support and system administration in addition to monitoring activities, planning, projections, and any programming within this system. The Prime Vendor is who has the contract with the client and then with my business. I work for the Prime Vendor, completing all the technical support projects.
What are some of the challenges you’ve faced as a small business owner?
Becoming an expert very quickly in all the different technologies and organizations. I can never stay in my comfort zone and stick to just one platform. I have to be ready to pivot and become proficient in new software in a few days.
For example, suppose a company decides to start implementing IT Modelization. In that case, I have to be ready to learn the technologies to an expert level very quickly and ensure their systems will be able to respond seamlessly.
What’s the best thing about being a small business owner?
I think it is important not to rush the growth of my business. I prefer not to accept lots of contracts and hire people immediately. Growth will happen eventually. I will never compromise on quality.
What prompted you to start using FINSYNC?
Soon after starting my company, I began looking for a payroll service. I didn’t want to just send paychecks without researching the right way to pay people. So, I went to Fulton Bank and asked if they had a payroll service they could recommend.
Heather with Fulton Bank quickly got back to me and referred me to FINSYNC.
What are the biggest benefits your business has experienced using FINSYNC?
FINSYNC is very smooth and easy to use. Last week, I had to run my payroll, and I could complete it in just one or two clicks. I really appreciate this expediency.
What financial institutions do you have connected to FINSYNC?
I went to Fulton Bank for advice with payroll because I knew they were invested in their community and would have a good recommendation. Heather was happy to help, and I am very grateful.
How does having FINSYNC connected to the accounts mentioned above make your business life easier?
I recently asked about adding 401K to my payroll processing system and if FINSYNC would be able to support these deposits. Fortunately, yes, it handles 401K, which is great. Other payroll services do not do it. If they do, they have to integrate with a third party that charges their own fees. I like that FINSYNC can handle both, so soon, I will open and connect this type of plan.
What advice do you have for those thinking about owning their own business?
Have patience and know your industry knowledge. Before starting a business, one must understand it inside and out so you can easily identify hiccups when they appear.
How FINSYNC Can Help
FINSYNC allows you to run your business on One Platform. You can send and receive payments, process payroll, automate accounting, and manage cash flow. To learn more about how we can help your business start, scale, and succeed, contact us today.