Akshay Ruparelia, a 19 year old founder of a multi million dollar real estate agency, Doorsteps. Akshay first developed this company when he was still in high school and recognized a gap in the real estate market. He found the commission percentages that agents receive for performing a job that he viewed as relatively easy. Thus, the creation Doorsteps. Door steps is a freelance self-employed construct similar to the employee structure of Uber. With self-employed, overheads are majorly cut allowing for a 97 percent discount on home selling. This is popular agency for obvious reasons, that the clients are saving massive amounts of money. This results in being profitable for Ruparelia as well as there is almost no overhead, which results in lots of profit. This business also has a social impact as it prevents monopolization or price gauging from occurring and challenges the competition.
Akshay displays entrepreneurial characteristics as he not only found a niche and a way to differentiate himself in the marketplace, he also made the choice to tackle an inconsistent and competitive market. This exemplifies that he is willing to take risk, which is often a necessary evil if you want to be a successful entrepreneur.