1. Entrepreneur 1: Bag Seller
The type of business I came across was bag selling. The Entrepreneur name
is Mr. Bharat. He didn’t want to do a job, but instead wanted to have his
own business. He initially started his business by stalling a cart of school
bags and traveling bags on the streets of Malad. He used to purchase bags
from wholesale market and sell it on street. Later, slowly and steadily he
purchased a big shop in Virar dealing in such items and since then has
successfully grown in terms of size and wealth.
Today, he owns a good house in Malad and his shop is managed by his
younger brothers. However, they have still not discontinued selling school
bags and other types of bags on streets of Malad.
The challenges faced by him in earlier days of his business and how he came
across those hurdles are listed below:
1. Lack of Customers: Customers are of the view that bags from shops
are good in quality rather than those purchased on the streets. So he
got his orders delivered from those selected stockiest who were also
supplying goods to the shops. This helped him to become customer
centric and supply goods the way they want. This also made him learn
that customer looks for quality at reasonable price.
2. The street vendors are generally subject to harassment and extortion
from BMC and cops. To save his business from this, he acquired
license.
People buy from them because over the years they have succeeded in
building good relations with their customers. And they wish to take another
shop in the near future at Malad.
I learned from this, that entrepreneurs are the one who are determined and
always successful in finding out the ways to overcome challenges posed by
situation and circumstances. They want to succeed and have an end or goal
in their mind, where they want to reach. They are in constant search of
providing people with something which they have never experienced and so
entrepreneurs are made. They are highly motivated people with unending
zeal and enthusiasm.