The entrepreneur Narek Sirakanyan shared his
insight on how to become a young millionaire.

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YURY SHCHERBAKOV, correspondent:
“If I look you up on the Internet, here’s what I get: a very successful entrepreneur who has businesses in food service, social networks. As an average person, I can form two impressions: (a) this person just can’t stop, can’t find his niche or forte, or (b) he has a business strategy built on the well-known adage “don’t put all your eggs in one basket.” Which is it?"
NAREK SIRAKANYAN, entrepreneur:
“It’s just by chance that we now have so many projects. Today there are 48 projects that I manage to run with my team.”
YURY SHCHERBAKOV, correspondent:
“Almost 50 projects! Don’t they tear you apart?”
NAREK SIRAKANYAN, entrepreneur:
“Not all of them materialized on the same day. You have enough time to devote to each of them if your work is properly structured and systematized, and if all the projects are somehow linked to one other. I was lucky to manage to connect all these projects together. Customers associated with one project buy products or use the services of other projects. An enormous synergy has been created among the projects, both in terms of savings and turnover. There’s been pretty quick growth. There are clients who know us, trust us and use our services in many different parts of the world.”
YURY SHCHERBAKOV, correspondent:
“Where did it all begin? Because if you study everything about you online, it’s a classic example of someone who entered one university, graduated with honors, challenged himself at an eminent foreign university, then received an invitation to work at an equally prestigious international bank, and who worked there for some time. By the way, why did you eventually leave the bank?”
NAREK SIRAKANYAN, entrepreneur:
“Any finance major dreams of becoming an investment banker. And that was my dream as well. But it was 2008, and, on the contrary, everyone was getting fired. It was the most difficult year to get a job. Though, of course, it worked out, and I began working at an investment bank in London.
The [first] three years of working there is a bit like the army, because you have to work from morning till night with no days off. Especially if you are ambitious. And at a very young age (19-20 years old), you get acquainted with the big guys from real industries. Through my work, I got to meet different people from different spheres, including those from Russia. Through one of the projects, I happened to get acquainted with one of our state corporations, where I was then invited to work, so I returned to Russia.”
YURY SHCHERBAKOV, correspondent:
“If you could go back in a time machine, would you go to work for that bank?”
NAREK SIRAKANYAN, entrepreneur:
“Yes, because that’s where I got the knowledge and skills to work on 20 to 30 projects simultaneously. When you work at an investment bank, you create and supervise deals, and you work on 5 to 6 projects simultaneously. But you get paid well for it.
After working at the bank, I returned to Russia. When you are in Russia and work at the state level, you gain the kind of connections that you can’t obtain at a bank. You begin to understand how the system works at the state level. I worked there for three years.
Once you have reached your peak, you notice it. If you stay around for another five years, nothing will really change. In the first three years, you make a major leap in any industry, wherever I’d worked.” (NOTE: If Narek is talking about HIMSELF and HIS EXPERIENCE, it will be: “Wherever I worked, I made a major leap in the industry during the first three years.” If he’s talking IN GENERAL, it will be: “Wherever you work, you make a major leap in the industry during the first three years.”)
YURY SHCHERBAKOV, correspondent:
“Do I understand correctly that Narke’s advice is to change your place of employment every three years?”
NAREK SIRAKANYAN, entrepreneur:
“In Russia, it is very easy to build something if you are ambitious, hungry and can build relationships with people. That’s one of the most important skills you can have. Of course, I started a project in Russia, but I still had it in my head that it would be international. Whatever I do, everything must be scalable.
I didn’t want all my projects to get stuck in Russia. If you start building your business in a way that may turn it global, you think differently. And today only about 10 to 15 percent of our assets are in Russia. The core fund is in Hong Kong. And from there, we are developing very quickly, with a focus on Asia.
It’s not that easy to build a business outside of Russia today. You can’t even open a bank account in some countries if you have a Russian passport. Many things have become much more difficult to do. But there are always ways to get them done, you just need to try. When we wanted to open an account for one company, we had to file applications with 40 banks just to open that one account. Who thinks about this here? It takes three seconds to open an account.”
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