ADVICE TO YOUNG ENTREPRENEURS Not everyone would pick Winnipeg as the choice location for a global fashion company, and that suits the Mondetta guys just fine.
“We don’t get caught up trying to be cool,” says Ash. “We are not cool. In fact I’d say we are uncool. That’s what makes us cool.”
“The beauty of this city is that you have easy access to all kinds of people, it’s the perfect size,” says Ash.
Ash Modha graduated from UWinnipeg’s Collegiate in 1987 and obtained his BA in Economics at The University of Manitoba. Prashant Modha studied science at UWinnipeg then went on to obtain his MBA (UManitoba) and CFA. Raj Bahl studied science at UWinnipeg where he completed the majority of his coursework but eventually graduated from UManitoba with a degree in Applied Economics.
“The spirit of this city is entrepreneurial, and there are tremendous cost-efficiencies here,” says Raj. “And I can drive from home to the airport in 12 minutes. You can’t do that anywhere else.” “And the incredible diversity here,” says Prashant. “It is very cosmopolitan.” The brothers have strong advice for business students looking to create a company from scratch one day. It goes something like this. Start when you are young and take risks, because you don’t have much to lose when you are 18 to 25 years old. Be creative. Whatever product you decide on, make it world-class. Be ready to do everything, stay committed and pay your dues. Learn from others and if possible, find a good mentor.
Ash Modha
Prashant Modha
Their last bit of wisdom is surprising. “Don’t worry about a business plan,” says Ash, Prashant and Raj. “That will come later. Start small, go with your instincts and stay agile.” And most importantly, remain grounded.
Raj Bahl
THE UNIVERSITY OF WINNIPEG ALUMNI MAGAZINE
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