Exclusive Interview of Ayush Bagla of Ackuretta. Edited by Powered Magazine
Ayush Bagla is a visionary leader and accomplished entrepreneur in the field of 3D printing and manufacturing. As the CEO of Ackuretta, a leading provider of 3D printing solutions, Ayush has been instrumental in driving innovation, revolutionizing manufacturing processes, and empowering businesses across various industries. In this exclusive interview with Powered Magazine, we have the privilege of delving into the remarkable journey and insights of Ayush Bagla. From his entrepreneurial drive and industry expertise to his vision for the future of 3D printing, we uncover the depth of his passion and the breadth of his contributions to the manufacturing landscape.
Tell us about yourself and your business.
Hello world, I'm Ayush Bagla, the latest in a long lineage of astute business professionals, proudly representing the fifth generation of our entrepreneurial family, it's no exaggeration to say that the pulse of commerce courses through our veins.
A decade ago, I took the reins of innovation and founded a pioneering 3D printing company, specialising in the forefront of polymer-based technology, Ackuretta. Fast-forward to today, and our cutting-edge technology is a game-changer in the dental industry. Thousands of users across a span of 80 countries utilise our solutions daily, crafting a plethora of dental applications. It's not just about printing; it's about revolutionising dentistry, one application at a time!
What were your biggest challenges when starting your business?
Venturing into a bold new chapter, I bid farewell to my roots in India and set my sights on the vibrant opportunities awaiting me in Taiwan. The excitement of the unknown beckoned me, and I leapt.
With dedication and an entrepreneurial spirit, I launched my own business—a bootstrapped venture that wasn't simply about survival but about flourishing. For nearly a decade, we've been sailing on the wave of high growth and profitability, a testament to our relentless efforts and strategic agility. We didn't just dream; we executed, and the results were beyond what anyone could have anticipated.
However, our journey hasn't been without its hurdles. When COVID hit, it was a storm that threatened to sink many. We were tested and pushed to our limits. But it's during these trying times that we find out what we're truly made of. We managed to navigate both the mental strain and financial pressures, demonstrating resilience and perseverance beyond measure. The challenges weren't easy, but we tackled them head-on, transforming them into stepping stones towards a stronger, more resilient enterprise.
Even during the darkest hours, our passion and commitment to our mission kept us afloat. And as we look to the future, we remain invigorated, ready to conquer whatever comes our way.
How have you handled success and failure over the course of your career?
Navigating the entrepreneurial landscape, we often found that setbacks outnumbered triumphs. Yet, every stumble was merely an opportunity to get up stronger, each mistake an avenue to adapt and innovate. As the torchbearer of this venture, I knew that yielding was simply out of the question.
Regarding victories, they never begot conceit but instead amplified our humility. We live in a world that never stops turning, making it imperative to keep our feet firmly on the ground even as we reach for the stars. We savoured our successes without losing sight of the continuous journey ahead, aware that unexpected bends in the road were always possible.
This approach has enabled us to remain optimistic, poised, and ready for whatever comes our way, illustrating our unwavering resilience and indefatigable spirit.
What strategies do you use to stay competitive in a changing market?
Get ready to be crystal clear about what's going to make waves in the long run and stick to it! Even when things are in flux, don't sweat it; ride the tide instead. And remember, we're not just adapting to change; we're anticipating it, leading the charge, and staying ahead of the game. Bring it on!
What motivations drive you to keep pushing forward in the face of adversity?
Fueled by an invincible desire to endure, we persistently seek to contribute positively to our community, impacting not just our team members, customers, and suppliers but also our fans. Even though the idea of facing the loss of ten years of hard work is formidable, we're determined to rise above it. Instead of seeing it as a curtain call, we view it as a challenging interlude. The journey is far from over; in fact, we're optimistic about the exciting prospects that lie ahead. With unwavering faith, we know that there is a bright light awaiting us at the end of this tunnel—a beacon of hope, resilience, and unparalleled growth.
What advice would you give to someone just starting out in their chosen field?
Life's a thrilling journey, isn't it? No matter how well we pack our bags, the road ahead always has a few surprises. But guess what? We're more than ready. We've got our eyes on the horizon, primed for change, always expecting the unexpected. And we're not just along for the ride; we're blazing the trail. Let's embrace this adventure!
How have technological advances affected the way you conduct business or operate your venture?
Isn't technology just mind-blowing? It's turned what seemed impossible yesterday into today's reality! Remember 10 years ago, when we first started dreaming of creating things that didn't exist? Back then, the technology we needed was still a thing of the future. But look how far we've come! Semiconductors have advanced, optics have transformed, polymers and fillers have evolved, software has skyrocketed, and AI has exploded onto the scene, and it's all powering our progress. It's more than just a step forward; it's a leap that's sparking a whole new market. And guess what? We're right at the heart of it!
In what ways has customer feedback or response influenced how you prioritise goals or objectives for your business or venture?
Let's be real; our customers are the true captains of this ship, right? Dentistry—now that's a unique art! And in a sphere as intricate as this, introducing technology is like inviting an artist to swap their paintbrush for a stylus. It's a big shift! But just look at the digital art scene—it's been revolutionised in the past decade.
Now, about our customers—they're the ones with the real vision. They know their goals inside and out. And that's why we adopt a first principles approach! It's like a fun puzzle. We know the end picture, so we work backwards, piecing together the steps needed to reach those goals. Bring on the challenge!
What trends do you see emerging in your industry that are likely to shape its future growth and development?
Get ready because we're witnessing an incredible shift in the dental practise!" Scanning, printing, and software technology are all being adopted at lightning speed. And the adoption of scanning technology? Wow, it's outpacing even our wildest forecasts! So you can bet that the next wave of products is going to hit the market faster than ever.
Let's not forget the golden rule of computing: garbage in, garbage out (GIGO). But guess who's here to save the day? Good ol' AI! It's cutting down the learning curve and making digital technology adoption more cost-effective than ever.
Meanwhile, advancements in material science are opening doors to new applications and business models—things that would make most jaws drop! And let's just say there's nothing quite like the look on our users' faces when they hold end-use products, crafted from scratch, in less than an hour. It's a sight to behold!
What have been the most rewarding and difficult aspects of your chosen career or business path?
Imagine rolling the dice on the technology of the future—technology that experts, advisors, and big corporations had dismissed and doubted. Yet, we had the foresight to see that current technology was heading for obsolescence within a blink of an eye—just 5 short years. It was a bold move, but we believed in it. We put all our chips on this new technology, and within a couple of years, bingo! We were not only ahead, we were leagues ahead of our competition.
This journey wasn't a breezy road trip, oh no. The stakes were high; investing in this new frontier of technology was a sizable investment, a leap of faith, and an enormous commitment of time. And let's not forget, we were charting this course in the midst of COVID, when the business climate was challenging and resources were like gold dust.
Now, let's talk about hardware - it's like an intricate dance, complex and challenging to scale. But once you've mastered the steps, it's a game-changer. The entry bar is set high and few can clear it. Breaking through in this domain, especially 3D printing, is like planting your flag on the final peak of the fourth, possibly the last, industrial revolution. And let me tell you, the view from up here? Absolutely exhilarating!
Are there any skills or areas of expertise that you think are essential for success in your field?
Problem Solving: A puzzle master who crafts solutions by spotting intricate pieces. Adaptability: Nimble and flexible, ready to pivot in the face of change. Advanced Learning Curve: Rapidly mastering new concepts and skills with a steep learning curve.
Resilience: Bouncing back from setbacks and thriving through challenges
Finance: A strong grasp of finance is necessary for managing budgets and making strategic decisions.
Team Building: Gifted at bringing people together to form motivated and united teams
How has working remotely or online impacted your business or venture over the past year?
When it comes to our team culture, we're old school—we love the energy of a buzzing office. But looking at the bigger picture, remote work has been a game-changer, especially for smaller businesses like ours. It's put a whole new spin on reducing overhead—no more hefty office bills!
And it's not just us. Our customers are also loving the convenience of online shopping, and as a result, we've seen the buying cycle whizz past at unprecedented speeds. Remember those expensive trade shows where we used to demonstrate our products? Well, we've managed to cut those costs significantly.
And let's talk about time – that precious commodity. Once upon a time, squeezing in four meetings in a day felt like running a marathon. But now, with the rise of digital platforms, we're acing up to 10-15 meetings a day. We're making every minute count!
What tips would you like to offer to others who are in a similar position to you but looking to take their careers or businesses further?
Let's talk money—understanding it and getting savvy with it. It's all about taking a financial masterclass and seeing every choice through the lens of its cash flow impact. This kind of thinking clears away the fog of uncertainty, guiding us to make financially solid decisions. And trust me, it's a game-changer. Suddenly, decisions aren't just emotional or based on a hunch. They're grounded, they're rational, and they're financially sound.