We talked to Seweryn Bidolach of Gosavex on how to drive revenue from product protection in an online shop and this is what he had to say.
First of all, how are you and your family doing in these COVID-19 times?
Seweryn Bidolach: We all are doing very well. We have adapted to the new way of working from home quite quickly. The only challenging time was the closure of daycare for our son. On the upside, I was able to spend more time with my family.
Tell us about you, your career, how you founded Gosavex.
Seweryn Bidolach: I graduated from University with a master’s degree in computer engineering. I had the opportunity to work on many exciting projects as a programmer and project manager throughout my career. I have been thinking about my own business, probably since high school, and I hope to be successful one day. I had so far unsuccessful episodes. However, those experiences were precious sources of knowledge. Since winning a few Fintech Hackathons, I have become very motivated, and that is how Gosavex has started.
How does Gosavex innovate?
Seweryn Bidolach: Gosavex is a very young company, but we are proud that we have talented people who are technology-driven. Our mobile product application allows our customers to manage their finances across several bank accounts, even across different countries.
How the coronavirus pandemic affects your business, and how are you coping?
Seweryn Bidolach: 2020 was rather difficult because we have released our product just before the pandemic has started. It was difficult for us to verify our assumptions. It is quite challenging to do that when people are fighting for their lives and constantly changing priorities. On the bright side, we have survived in 2020, and our vision is crystalizing.
Did you have to make difficult choices, and what are the lessons learned?
Seweryn Bidolach: We are a small and independent company that may have saved us from making those difficult decisions. We have experimented a lot in 2020 and concentrated on looking for critical partners, which was not easy. In the next few months, we will show the results of some hard work we have put into making our product very attractive to end consumers.
How do you deal with stress and anxiety?
Seweryn Bidolach: I think stress is a good motivator. Fortunately, I also have a hobby that allows me to relax and reset. I love kitesurfing and can recommend it as a stress relief. Apart from that, I run and play tennis and of course, love spending time with my family.
Who are your competitors? And how do you plan to stay in the game?
Seweryn Bidolach: The market we are in is very crowded, and the competition is stiff. However, through several recent experiments, we have found some exciting avenues to explore. It is too early to talk about details, but I would like to encourage you to follow my social media because soon, we will announce more information on the vision and partners with whom we will work.
Your final thoughts?
Seweryn Bidolach: If you do what you love, even the most difficult situations can be dealt with to realize your ambitions