Typically, businessmen who willingly share their inspirational stories fail to mention the real reason behind their success, such as the capital of their parents and investors, or the help of influential friends and relatives. It is known for a fact that Andrey Monosov, who managed to create one of the largest Russian IT companies, was never given such a head start.
The biography of this businessman is a story of a self-made man. He worked hard to save money for his own business and planned it for a long time to make sure he did not lose his initial investment. And he created a company that over time became one of the leaders in its segment. His life story is truly worth reading.
Andrey Monosov’s Biography
The businessman was born on October 22, 1988. He was raised in an ordinary family; his parents were a doctor and a teacher. His birthplace is Moscow. Andrey Monosov graduated from a regular secondary school that did not stand out in any way. He chose his path in life and walked every inch of it on his own.
Becoming an Entrepreneur
The entrepreneur’s father, Leonid Monosov, recalls that his son had been interested in entrepreneurship from an early age. Being well-versed in computer technology, he started making money from doing small repairs and installing standard software for other people.
Andrey Monosov says it was not so much a way to earn money as a hobby. He liked to help people and enjoyed taking on interesting tasks. And, most importantly, he liked working for himself. The future businessman had never been fond of the idea of employment. He dreamed of becoming an entrepreneur, although none of his relatives had ever been involved in business.
Economics Degree
The first step towards the goal was to choose a university program. Leonid Monosov says that he and his wife were shocked by their son’s career choice, “He simply told us after the fact that he entered a university as an economics major. He said it was not up for discussion. We were speechless. He was so passionate about technology and computer games that we were sure he would become either an engineer or a programmer.”
Andrey admitted that he himself had considered several different majors. However, a degree in economics was more practical for a business, regardless of the field the future entrepreneur would want to build it in. So, he made the necessary decision.
Career Path
After graduation, Andrey Monosov continued to move towards his goal. He was eager to start his own company, but did not have enough funds and experience to do it. The future entrepreneur decided to find a job and work for a few years to save money and gain the necessary management experience.
Work in Banking
Andrey Monosov carefully researched companies that could be right for him. The banking industry seemed to Andrey one of the most promising options. In a couple of years, he expected to move up to at least a junior management position in order to gain the experience he needed.
“It took me a while to realize how unattainable this goal was,” the entrepreneur admits. “The banks I worked for never promoted junior specialists to managers. The latter were always recruited from the outside. Most likely through personal connections.”
In Charge of a Department in a Consulting Company
Disillusioned with the banking sector, Andrey Monosov decided to try his hand at consulting. At that time, the industry was rapidly growing; it gave young and ambitious specialists a chance to prove themselves.
He made the right decision:
- In 2009, Andrey Monosov was hired as a junior specialist.
- Six months later, he got his first promotion.
- By 2013, he was in charge of one of the biggest departments in the company.
- That was also when he radically changed its human resource policies and optimized the budget.
- He also changed the employee incentive program.
In less than two years as the head of the department, Andrey managed to achieve phenomenal results. Under Monosov’s leadership, the team maximized its productivity and completed many complex projects. This brought a great new prospect to the future entrepreneur — he was offered to lead one of the largest branches of the company.
“In response to this offer, I handed in my notice,” the businessman recalls. “My boss was shocked and didn’t take it well. But I told him about my dream, about my wish to become an entrepreneur. I said that I’m eternally grateful for the experience, but have to move on. And as a businessman himself, he understood me.”
History of IA Tech
Andrey Monosov finished his career in consulting in 2015. However, he did not start his own business right away — he needed more biography time to plan, accumulate capital, and resolve organizational issues.
Starting a Business
Since 2017, the entrepreneur has been the head of IA Tech, a company that develops enterprise software. The projects were initially carried out by a team of five people. From the very beginning, the CEO personally dealt with all organizational issues.
Andrey Monosov says that relatively biography low competition in the sector made it possible for the company to quickly attract big clients. In just one year, the number of projects increased significantly. At that point, the staff could no longer handle the heavy workload.
Problem Solving and Further Development
Trying to find a way out of this situation, the entrepreneur began working with outsourcing companies. In hindsight, Andrey admitted that this decision was fundamentally wrong. One of the partners missed the deadlines and let the company down, causing IA Tech to almost lose its main client.
Andrey Monosov says, “Now outsourcing software development tasks is out of the question. I can delegate accounting or legal support responsibilities to partners. But all the coding is done by our in-house developers. And we no longer take on tasks in the hope of getting them done by any means necessary. I would rather turn down new projects and lose money than ruin long-term relationships with our clients.”
The new policy allowed the company to achieve impressive results and:
- become one of the leaders in the segment;
- quickly expand the team;
- launch its own licensed software;
- start working with the largest companies;
- increase profits many times over.
From the moment Andrey biography decided to focus on recruiting skilled developers and change the motivation system, employee performance has increased significantly. Today, failing to meet deadlines or fulfill obligations is an absolutely unrealistic scenario for IA Tech.
Personal Life of Andrey Monosov
The businessman speaks openly biography about his background. He was born in Moscow. His parents were never involved in any kind of entrepreneurship. He also never had anyone who could pull the strings and help him get a job in banking or consulting.
Family and Hobbies
The CEO of IA Tech met his wife as a very young man. Today, the couple has three children. Their youngest daughter is not yet a year old.
Andrey says that at first he was torn biography between family and work. The businessman wanted to spend more time at home to see his children’s first steps and hear their first words. Over time, he finally managed to find a balance. Today, the entrepreneur finds time even for his old hobbies — he likes to travel and enjoys outdoor activities, sports, and music.
Philanthropy
Andrey Monosov often donates to various charities and non-profit organizations — and almost always does it anonymously. The entrepreneur has been giving to charity for at least seven years now.
However, he does not like to talk about it. He believes that he has already built a good reputation and does not like the idea of using philanthropy as a PR tool. So, he continues to donate a lot of money, but most of the time does so anonymously.
