Failure makes rich and wise


This is one of the article which shows the happenings in life in letter format. The person writing has tried his level best to launch the new business and failed all the time. Still looking for the best.

Hi,

Thanks for mail. Those are promising options!

First let me talk about myself.
By profession I am a teacher and teaching Hindi language in one of the school. Apart from this we had a fair business in packaging which was run by my dad. But for now it is all closed as the new technology emerged Dad lost his interest in packaging business. I joined the educational field. Simultaneously I was looking for some nice business at part time level and found some interesting ones.

Data collection from the market was one of the business which failed due to lowest retaining rate of my employee.
Second one I chose to be an exporter of Saddlery. This came to my mind because my bro-in-law is a manufacturer of such articles and currently he is in Kanpur. But it also rounded off to zero because of his disinterest in Mumbai. Currently, I indulged in distribution of Personality Books and CDs/DVDs of a known motivator from India. But due to lack of experience it slowly went down. It is still running but distribution has gone down very much as compared to last year.


Talking about retail imports and exports in India, it is high in demand now. ( need to find out some good products). People going crazy to grab each and every options available. Making a manufacturing unit seems great in region like Gujraat due to big political shift in recent years. Mumbai is too costly to make it happen for me at present. In global context it might be cheaper. Maharashtra and Mumbai suburbans has developed recently hence options are more open and broad. NEED a solid planning and execution.

Agriculture, Bars, Beach, Salon and Tattooo I am not thinking of because of my low interest. ( can think of once the idea would be more clear ) Stock broker and IT I was looking for but seems there are loads of franchisees already running all over Mumbai. Analytical labs still in demand.

Mobiles and communications field are on their high peak now. Low scale option even I would prefer. Even I think for doing a lot of entrepreneurship in India including big growing cities.

Overall I would say, I would need a real good strategy to go ahead with manufacturing unit, retail, education and communications best interest me.
Agriculture and farming can think of. I live with my ethics and want to build business with clear and clean vision, sometimes it hinders to get desire results.

How would you see this?
Regards.


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