Goods from China, the Conflict at Business Molodost, and Phones from Poland: 10 Real Business Mistakes

Main subjects

Business MolodostConflictChinaBusiness conflictsMegaplanARAndrey Rogachev

Main threads of the conversation

• 00:0010 business mistakes
• 00:38What is this video about?
• 01:51Mistake No. 1: selling mobile phones in Minsk in 2003
• 03:00Mistake No. 2: opening a business “for its future prospects”
• 03:57Mistake No. 3: dividing equity incorrectly
• 05:36Mistake No. 4: copying someone else
• 07:36Mistake No. 5: “wow” products from China
• 09:04Mistake No. 6: my experience at Business Molodost
• 10:34Mistake No. 7: working with Andrey Rogachev, the creator of Pyaterochka, and going overboard with hypotheses
• 11:46Mistake No. 8: seeking investment and overvaluing a business
• 13:46Mistake No. 9: trying to copy BlackRock's strategy
• 15:39Mistake No. 10: rushing and getting the timing right

Claims made here

Individual claims identified in the material: who said them, when, and what kind of thought they express. Each timestamp opens that point in the video.

• 03:34

  We developed software for clients around the world: Austria, France, Germany, England, the United States, Taiwan.

  Alexander Volchek

• 05:21

  At that time, Megaplan had ten thousand customers.

  Alexander Volchek

• 06:55

  Most importantly, amoCRM appeared, did what customers needed, and even learned a great deal from us back at Business Molodost, in the sales department and everything else.

  Alexander Volchek

• 08:35

  Perhaps if we'd done it earlier, perhaps if those fish had been free of problems and defects, perhaps if we'd had different distribution, it would have worked.

  Alexander Volchek

• 10:12

  Leaving the business was my mistake, because when I left, I created an enormous problem for it.

  Alexander Volchekcause

• 11:58

  If we recall mistake number three, I said the mistake was that we let a partner in, but essentially my stake changed, and that was the mistake.

  Alexander Volchek

• 13:29

  That was my big mistake, because he had enough money and I didn't.

  Alexander Volchekcause

• 13:42

  If a third partner had joined, he would have balanced some aspects of our relationship and the things that happened later, because those later things happened because the two of us were constantly clashing so much.

  Alexander Volchekcause

• 15:09

  Andrey and I both declined, thinking it was wrong, that we should own the stake immediately, that we didn't want to work on anything that didn't belong to us.

  Alexander Volchekcomparison

• 15:20

  I have a feeling this was more my decision than Andrey's.

  Alexander Volchekcomparison