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Read the story of a man who sold his business for 8 crores, 73 lacs, 50 thousands only but he lost…, now he can’t even buy…
Kassan’s story shows how important it is that one does not necessarily have to be a millionaire to be happy, but to enjoy every moment of the effort to acquire a goal.
Kassan could have easily graduated and looked for employment, given that he was a college dropout who went on to become a multimillionaire at 27 years through MVMT Watches – an LA based accessory brand that he sold to Movado Group in 2018 for $100 million (approximately Rs 871 crore). However, recently Kassan shared regret arizing after accomplishing his life’s goal that brought him a lot of sophisticating to work for himself.
In an interview with CNBC Make It, Kassan further explained that selling his business was a wake-up call that made him feel like he had nothing to do anymore. “It became a blur, I think I lost my sense of purpose,” he said, “For the first time I am feeling that I don’t have a purpose in the last few years…” Despite her success, she admits that she failed to find something as important as that journey of an entrepreneur.
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Post- sale, he was struggling with anxiety and depression gradually cycling through the state in an unhealed condition. It was rather authoritarian and desperate when Kassan, looking back on his life, commented that he can’t buy more of peace of mind; meaning power or wealth could not help him overcome his emotional problems.
From College Dropout to Multi Millionaire
Prior to the creation of MVMT Watches, Kassan also performed as an entrepreneur when still a teenager. In 2008, he started his enterprise involving production of and sales of glow-in-the-dark T-shirts as he was in his college at the Santa Barbara City College. Nonetheless, he withdrew from the college in his first year with an intention to focus on his business endeavors.
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Amidst such a scenario, in the year 2013, Kassan launched MVMT Watches, which has now become a popular direct-to-consumer brand with its simplistic designs along with affordable prices. Through effective marketing, particularly on social networks and having a wide and effectively used internet presence, the company become international. Finally, after five years, Kassan got what more than one businessman only bolts to make, he sold HIS company for nine figures.
Life After Success
Today Kassan is 33, he devoted himself for the development of other companies, becoming an angel investor. It’s part of his journey of self-discovery and, when looking for something new, he is making efforts to develop himself on YouTube right now.
Still, he has been able to maintain his Instagram wherein he has 26.1 thousand followers; with his struggles in life. Kassan’s journey is a good example of a person in search of meaning, where determination is then supported by the need to maintain one’s mental health.