Shakil Prasla is an entrepreneur and investor with over a dozen acquisitions across multiple eCommerce industries including prescription eyewear, metal promotional products, fitness gear, fashion accessories, custom apparel, and print media. He is a founding partner and investor at SZ Ventures, an investment firm that specializes in acquiring, managing, and growing eCommerce companies.
Where did you grow up and what was your childhood like? Did you have any particular experiences/stories that shaped your adult life?
Growing up, I have always believed in the value of entrepreneurship as it was modeled to me. To always see opportunities where most people can’t.
What is something you wish you would’ve realized earlier in your life?
To invest my time only with things and people that can help in my growth.
What are bad recommendations you hear in your profession or area of expertise?
Being a jack of all trades. In the eCommerce business, you need to learn how to delegate and work on your strengths.
Tell me about one of the darker periods you’ve experienced in life. How you came out of it and what you learned from it?
Facing a possible huge loss in the business and unmet expectations. I had to first accept where I was at. When I learned to acknowledge the situation, that’s the time it was clear to me what my next steps are.
What is one thing that you do that you feel has been the biggest contributor to your success so far?
The support of my family, especially my wife.
What is your morning routine?
I wake up at 6 AM. Do my meditation. Identify my big rocks for the day.
What habit or behavior that you have pursued for a few years has most improved your life?
Setting boundaries and limits of my work time. As an entrepreneur, I have found in the past that I just kept working almost 24 hours a day. I had to step back and set schedules to make time for other important things in my life such as my family and myself.
What are your strategies for being productive and using your time most efficiently?
I always work with the big rocks. I make sure not to overwhelm myself with work but to work with intentions. I also delegate. That way I can focus my time and energy on things that can help grow my business.
What book(s) have influenced your life the most? Why?
The 7 Habits of Highly Effective People by Stephen Covey
It has influenced me in laying my foundations as an entrepreneur.
Do you have any quotes you live by or think of often?
“Even if you are on the right track, you’ll get run over if you just sit there.” – Will Rodgers