Tell us about yourself?
My name is Khagan Khaligzada, I am from Baku. I grew up in a multicultural environment, as a teenager I could even speak 4 different languages. I studied at the Azerbaijan State Oil and Industrial University with a degree in Marketing Management.
Now I am studying in the second year of the MBA of the Azerbaijan State Economic University, majoring in International Logistics and Supply Chain Management. I founded Meta Tenure in February of this year.
I was interested in the concept of the metaverse, and wanted to make my own contribution to the development of virtual reality.
I believe that the next 3 decades will be the transition point to a new virtual life. The future is already here, it’s just that many people still don’t understand it.
What do you think is the single biggest misconception people have when it comes to startups?
Easy Money. Young guys, having seen enough business gurus on Instagram, think now they know everything, they will launch a brilliant startup, that in just a couple of months will become a unicorn, break through the billion dollar mark.
But what they really don’t understand is that sometimes in the heat of childish enthusiasm you can easily go broke, get into debt, or be left with nothing.
Almost all industries are red oceans, a lot of competitors, so you have to sweat a lot before your business begins to bring decent profit.
If you could go back in time to any moment from your journey, and give yourself one tip, what would it be?
Not much yet, I’m still young. By the age of fifty, I’ll definitely ask myself that question. I wonder what my answer will be then.
What makes you stand out as an entrepreneur?
It’s an unconventional way of looking at things. I like to look at people and events from a slightly different angle, it helps in entrepreneurship, it’s called creativity.
Second is the ability to understand people, the most substantial skill in communication. Knowing people’s psychology helps in everything, especially in entrepreneurship.
What are some of the best working habits you’ve gained over the past couple of years?
Discipline, consistency and perseverance.
The three most important qualities in any activity, whether it’s business, music, art or sports.
Motivation alone won’t get you far.
Give us a bit of an insight into the influences behind the company?
Before founding Meta Tenure, I worked as a marketing specialist in a local news agency. During my work, I learned quite a lot about the media and news industry.
Even though I never wanted to be in the news business, it was my work experience that gave me the opportunity to start my own news agency.
But my desire to start with the metaverse was not caused by the trend and the growing popularity of this industry, but by the aspiration to make a contribution.
Where do you see your business in five years?
Meta Tenure is the first news agency in the metaverse, we plan to open the first virtual office in these 5 years, start broadcasting TV in the metaverse, achieve 500,000 monthly users and $5,000,000 financial milestone, and start expanding our business into other areas besides news.
What do you think the biggest challenge will be for you in getting there?
Increasing competition and the impending severe financial crisis, which I think will have a negative effect on the development of particular industry.
Talk to us about your biggest success story so far?
My biggest success stories are related to investments, oddly enough. I love investing in crypto and the stock market.
The biggest success story so far besides Meta Tenure is probably buying BNB and somer other coins before the price hike in 2021.
I remember buying BNB back when they cost $5-10. I’m good at investing simply because I’m pragmatic and emotionally stable person, don’t panic when the price drops, and know how to wait. “If we act like prey, they’ll act like predators”
How do clients and customers find you? Are you much of a salesperson for yourself?
I’m not a salesman person. It’s an essential skill, but unfortunately not everyone has it.
I’ve always been committed to the idea that customers should find the company themselves, not that you should run after them.
What one tip would you give to fellow startup founders?
The most important thing in a company is the team. First find specialists and only then think about where to go.
Before you go sailing on the high seas in addition to the ship you must have sailors. Not the rookies, but real sailors. You can’t skimp on your workers.
They are the driving force behind your company, not your customers. Your most loyal customers are your employees (that’s what she said).
And finally, what do you hope the future brings both you personally, and your business?
Look to the future, live in the present, remember the past. People who do conservative business hope that the future will not come and their business model will not become obsolete.
In my case, the success of my business directly depends on the future, the further the better.
To constantly evolve in business, you must have a work ethics, be future-oriented, be ready for new opportunities, and listen to customers.