1. Tell us about yourself
Hi, I'm Parth Jain, the founder of ‘FG Lawkit’ ( FirstGen Lawkit LLP Ltd) . I am a commerce graduate and completed my law degree from Campus Law Centre, Faculty of Law, University of Delhi, India.
2. How did the idea for your business come about?
Having moved from a tier 2 city to a tier 1 city for my legal education, I noticed a stark difference in opportunities and resources provided by the law school. During one of my internships, a fellow intern from a state-run law school broke down in front of me. Following that incident, we initiated our journey, primarily through our YouTube channel ' FG Lawkit'. After receiving an overwhelming response, we formally registered our venture
3. Can you tell us about your venture FG Lawkit?
FG Lawkit is a community based platform that addresses the requirement of law students via providing them necessary resources and it also serve as marketplace for legal community PAN and outside India where lawyers/academicians can launch their courses at affordable price.
4. What are the challenges you faced till date and presently facing?
Managing finances & Recruitment. Apart from it keeping ourselves motivated because ‘ when you don’t have a boss to report, sometimes makes you lazy’
5. What was your key driving force to become an entrepreneur?
I believe an individual chooses their career trajectory based on opportunities, areas of interest, and the risk appetite they possess. For me, engaging in 'impact-based work,' where I can create positive changes in people's lives (no matter how small or big), matters the most. Thus, I chose the journey of entrepreneurship or working under legal edtech domain.
6. How did you raise funding for your venture?
We were fortunate enough to secure various funding options from the day of ideation; however, as of now, we are planning to go bootstrap.
7. How do you build a successful customer base?
Our primary subscribers/customers are law students. Thus, we ensure their loyalty by providing quality resources at the most affordable price and by making them 'aware' of the opportunities that are available.
8. How do you market your business, and which tactics have been most successful?
As of now, we are primarily using our YouTube channel (FG Lawkit) for marketing purposes. Before posting/curating any content, we conduct a sample survey via WhatsApp groups & other social media platforms. This approach has proven to be quite helpful for us.
9. What kind of culture exists in your organization, and how did you establish it?
As of now, we have a core team of four members (aside from freelancers and interns), making communication streamlined.
10. How do you generate new ideas?
Through case studies of existing players & interacting more with students, primarily from tier-2 or tier-3 cities.
11. What are your ideals?
Money shouldn’t be the only driving force for any of our core team members.
12. How do you define success?
For me, success is primarily living in my hometown with my family and doing what I love. On a personal note, every message I receive on my LinkedIn or other social platforms, where students share their stories of getting placed, securing internships, or earning scholarships with a small contribution from our venture, makes my day.
13. Do you believe there is some sort of pattern or formula to becoming a successful entrepreneur?
To be honest, we are a very young enterprise, so I am still exploring the formula of 'being a successful entrepreneur.'
14. What is your favorite aspect of being an entrepreneur?
Under my venture, I have the opportunity to interview people from various domains, including human rights, corporates, renowned academics, and individuals working in legal edtech. This allows me to discover off-camera stories and get a taste of every domain. It's the best part for me.
15. What entrepreneurial tricks have you discovered to keep you focused and productive in your day-to-day busy schedule?
I use Samsung Notes, and every night before bed, I jot down the work I've done that day. Then, I reflect on whether it is equivalent to what I would have been doing if I had joined any lawyer's chamber or corporate office.
16. Who has been your greatest inspiration?
Hon’ble Justice S. Muralidhar
17. Any message for future entrepreneur
Do as many internships as you can, build a decent profile, and analyze your risk appetite and responsibilities before venturing into any uncharted territory. In most ircumstances, people will look at your academic and professional achievements before considering your venture. Thus, your credibility is important
For more details visit https://www.fglawkit.com/