Neville Patel Curated
Chief Executive Officer at Qualitas Global Serv...
CURATED BY :
Being a philanthropist, what is your one message to the youngsters?
I made the mistake of making Charity in the past 2 years. Never again. Money should be saved unless you are a multi billionaire. As a businessman my responsibility should be my company & the employees you helped me grow it. No strangers, no charitable trusts. I now am facing Donor fatigue. In times like now, there’s no tax break, there’s no help for you just because you previously helped others. Focus on yourself & growing your company & once you make a couple of billions you can think of opening your own charities to save taxes.
What do you see as the businesses of the future, businesses in which you should be investing from now?
Al businesses have potential. There cannot be just 1 business that will be for the future. People need a house so you can be a builder. Please need food so you can be a farmer. You can deliver food. You can sell cooked food. You can start a clothing brand. Options are endless. It all depends what your strengths & interests are. Don’t let the PR over COVID fool you into thinking this is the end or the world has changed. It’s a temporary stop which you can use to rest, sleep, read, exercise etc. Invest in your dreams & strengths.
What was your low point; when did that happen and what were the circumstances?
When I couldn’t pay salaries for 3 months & was thinking of shutting down in Oct 2014. Apart from this business low point, I lost my job in 2014 & had no money, in May 2014 it was real hot. My son insisted on the AC so I started it wondering how I will pay the electricity bill. In a few minutes there was a light cut & the AC shut down. I asked my son to go to sleep & promised him to start the AC once the light comes back again. The light came after 30 mins but I never started the AC to save on the light bill. That is a real low point.