Upload yourFailed Start-Up Story & the lessons learned
(To help the New Entreprenuers & Start-Up's Grow)
Upload your own Entrepreneurship / Start-Up Success Story
“When you go in search of honey you must expect to be stung by bees.”
“जब आप शहद की खोज में जाते हैं, तो आपको मधुमक्खियों द्वारा काटे जाने की संभावना को स्वीकर कर लेना चाहिए। (सफलता के मार्ग में कठिनाईयों का आना स्वभाविक ही है)”
“Failure is simply the opportunity to begin again, this time more intelligently.”
“Most of the successful people I've known are the ones who do more listening than talking.”
Bernard M. Baruch
“अधिकांश सफल व्यक्ति जिन्हें मैं जानता हूं वे ऐसे व्यक्ति हैं जो बोलते कम और सुनते ज्यादा हैं।”
बर्नार्ड एम. बारूच
“It is not that I am genius; I am definitely more curious and stay with the problem longer.”
“Discipline is the bridge between goals and accomplishment.”
“अनुशासन, लक्ष्यों और उपलब्धि के बीच का सेतु है।”
New on Home Solutions:
Indian Entrepreneurs Success Stories
CEO of Zoho Corp. (formerly AdventNet Inc.), the company behind the Zoho suite of online applications. He co-founded AdventNet in 1996, and has been CEO since 2000. AdventNet has transformed itself from a modest beginning as a software company serving network equipment vendors to a be an innovative online applications provider.
It has maintained growth and profitability, without needing outside capital. Prior to AdventNet, Sridhar worked as a wireless systems engineer at Qualcomm, Inc. where he was fortunate to work with some of the leading minds in wireless communications. Sridhar Vembu’s Zoho competes successfully around the world with some core products of Microsoft, Google and Salesforce.com. Vembu shuns outside capital, but if Zoho were to be valued, it might be well over $1 billion.
He grew up in a very modest middle class family in Chennai. His father was a stenographer in the High Court. Neither his father nor his mother went to college. He went to a Tamil-medium, government-aided school till Std 10, and then he did 11th and 12th in an English-medium government school. He did well at school and he obtained his Bachelor’s degree in Electrical Engineering from Indian Institute of Technology, Madras, and PhD in Electrical Engineering from Princeton University.
Kailash Katkar.Founder Quick Heal
Born in a small village at Rahimatpur in Maharashtra, Kailash Katkar worked his way to the top to be chairman and CEO of INR 200 Cr business. He is the man behind Quickheal technologies Pvt Ltd.
He started with a job at local radio and calculator repair shop and later went ahead in 1990 to start his own calculator repair business. In 1993 he started a new venture, CAT computer services where around that time his younger brother Sanjay developed a basic model of antivirus software which helped in solving the biggest problem of computer maintenance at that time. Later in 2007 it was renamed as Quick Heal Technologies. He achieved all this without any formal education.
P C Mustafa (Coolie’s Son who Set Up 100 Crore Company with just 25,000 )
This is the story of a man who failed in Class 6, but went on to join the Regional Engineering College (now the National Institute of Technology), Calicut and the Indian Institute of Management-Bangalore.
This is the story of a man who decided to become an entrepreneur and employ people from rural India.
Today, fresh idli and dosa batter made by P C Mustafa’s company ID Fresh reaches homes in Bengaluru, Chennai, Pune, Mumbai, Delhi, Hyderabad, Mangaluru and even Dubai.
Today, we produce around 50,000 kg in our plant. The total investment must be around Rs 4 crore (Rs 40 million) and our revenue is Rs 100 crore (Rs 1 billion).
When we became a Rs 100 crore company in October 2015, we celebrated in grand scale. We have grown from producing 10 packets a day in 2005, with just my cousin managing the kitchen, to 50,000 packets a day with 1,100 employees in 10 years.
She started her career 30 years ago as an entrepreneur, selling eateries from a mobile cart on the Marina beach amidst all odds — battling a failed marriage, coping with her husband, a multiple addict, and taking care of two kids.
Today, she has overcome the hurdles and owns a chain of restaurants.
” I started my business with just two people. Now, there are 200 people working for me in my restaurants. My lifestyle has changed too. From travelling in a cycle rickshaw, I moved to auto rickshaws and now I have my own car. From 50 paise a day, my revenue has gone up to Rs 2 lakh a day.
The ‘Ficci entrepreneur of the year’ award is the culmination of all the hard work I have put in over the last 30 years. It came as a surprise as this is the first time I have received an award.
Till now, I had no time to think of what I was doing. But the award made me look back and relive the days that passed by. Now, my ambition is to build my Sandeepha brand.”
Advice to young entrepreneurs
Do not ever compromise on quality. Never lose your self-confidence. Believe in yourself and the product you are making. Third, always stick to what you know. When you employ people, you should know what you ask them to do.
[ Source Quora ]
Dhiru Bhai Ambani
India’s largest private sector company. Created an equity cult in the Indian capital market. Reliance is the first Indian company to feature in Forbes 500 list
Dhirubhai Ambani was the most enterprising Indian entrepreneur. His life journey is reminiscent of the rags to riches story. He is remembered as the one who rewrote Indian corporate history and built a truly global corporate group.
Dhirubhai Ambani alias Dhirajlal Hirachand Ambani was born on December 28, 1932, at Chorwad, Gujarat, into a Modh family. His father was a school teacher. Dhirubhai Ambani started his entrepreneurial career by selling “bhajias” to pilgrims in Mount Girnar over the weekends.
After doing his matriculation at the age of 16, Dhirubhai moved to Aden, Yemen. He worked there as a gas-station attendant, and as a clerk in an oil company. He returned to India in 1958 with Rs 50,000 and set up a textile trading company.
In 1992, Reliance became the first Indian company to raise money in global markets, its high credit-taking in international markets limited only by India’s sovereign rating. Reliance also became the first Indian company to feature in Forbes 500 list.
Dhirubhai Ambani was named the Indian Entrepreneur of the 20th Century by the Federation of Indian Chambers of Commerce and Industry (FICCI). A poll conducted by The Times of India in 2000 voted him “greatest creator of wealth in the century”.
Dhirubhai Ambani died on July 6, 2002, at Mumbai.
Dhirubhai Ambani: A Success Story Part 1
Karsanbhai Patel – Man behind NIRMA
The ‘Nirma’ success story of how an Indian Entrepreneur took on the big MNCs and rewrote the rules of business :
It was in 1969 that Dr. Karsanbhai Patel started Nirma and went on to create a whole new segment in the Indian domestic detergent market. During that time the domestic detergent market only had the premium segment and there were very few companies , mainly the MNCs, which were into this business.
Karsanbhai Patel used to make detergent powder in the backyard of his house in Ahmedabad and then carry out door to door selling of his hand made product. He gave a money back guarantee with every pack that was sold. Karsanbhai Patel managed to offer his detergent powder for Rs. 3 per kg when the cheapest detergent at that time was Rs.13 per kg and so he was able to successfully target the middle and lower middle income segment.
Sabki Pasand Nirma!
Nirma became a huge success and all this was a result of Karsanbhai Patel’s entrepreneurial skills.
The best case of – Give your consumer what he wants, when he wants, where he wants and at the price he wants, selling will be done quite automatically. This is the marketing ‘mantra’ of Nirma.
The company that was started in 1969 with just one man who used to deliver his product from one house to the other,today employs around 14 thousand people and has a turnover of more than $ 500 million. In 2004 Nirma’s annual sales were as high as 800000 tonnes.According to Forbes in 2005 Karsanbhai Patel’s net worth was $640 million and it’s going to touch the $1000 million mark soon.
Prem Ganapathy – The Dosawala
Prem Ganapathy, was stranded at the bandra station,when the person accompanying him left him and ran away. Prem had no local acquaintances or knowledge of the language. Out of pity, a fellow Tamilian guided him to a temple and appealed worshipers to contribute money for his return ticket to Chennai.
Prem refused to go back and decided to work in Mumbai and started cleaning utensils in a restaurant. He appealed to his owner, to let him become a waiter as he was class 10 pass. The owner refused, because of regional politics and Prem bided his time till a neighbor hood dosa restaurant opened and offered him a job from a dishwasher to a tea boy.
Prem became a huge hit with the customers because of his excellent customer service, initiatives and relationship and brought business Rs. 1000 daily which was almost 3 times as compared to other tea boys. The life was good.
A customer made him an offer. He was planning to open a tea shop in Vashi in Mumbai. He wanted Prem to be his 50 – 50 partner where the owner would invest the money while Prem would run the shop. The shop started doing brisk business when the owner became greedy. It hurt him to share 50 % of the profit with Prem and he threw Prem out replacing him with an employee.
Prem was made of a different material and he was never going to be defeated. He took a small loan from his uncle and with his brother, opened his own tea stall. Unfortunately the neighbourhood residents objected. He then started a hand cart but that also did not work out. He found a spot and set up a south Indian stall. He did not know a thing about dosas and idli but learnt by observation, trial and error. The dosa stall was a huge hit and flourished during the 5 years from 1992-1997. But why was the tiny dosa stall was was so successful in spite of competition from ubiquitous eateries prevalent in Mumbai. According to Prem it was its hygiene, proper appearances of the waiters and fresh ingredients which stood out as a difference.
He saved a couple of lakhs of Rupees and instead of heading home he took the biggest risk of his life and opened a new shop near Vashi station and named it as Dosa Plaza. His Chinese plaza next to the Dosa Plaza flopped miserably and was shut down in 3 months. Undaunted, Prem realized some lessons from it. He applied those lessons in making Chinese cuisine in his dosas which worked very well.
He got passionate and invented a variety of dosas with Chinese style like American Chopsuey, Schezwan Dosa, Paneer chilly, Spring roll dosa etc. The 108 types of Dosas in his menu gets him a lot of publicity.
A chance encounter with a customer who was part of the team setting up a food court in a mall in New Bombay advised him to take a stall at the food court and again Prem was ready and willing to grow and expand. His vision was to grow by better offerings and better customer service. He also went to ad agencies to create the brand identity including the logo, brands, menu card, waiters dress etc.
He started getting a lot of offers for franchising and had to find out the meaning of franchising and its modus operandi. Dosa Plaza currently has 26 outlets and 5 of them are company owned. It has 150 employees and a turnover of 5 crore. All the branches are connected and networked and there are training managers and proper manuals to maintain standard and uniform product and services.
Merit is the only criteria; all the employees regardless of the caste or region are treated equally. They are loyal and have grown with the company. The original team of cooks which was the part of the first Dosa venture is still with Prem. Currently he is also getting enquiries from US and Europe for franchisees.
EThis has been proved by Mrs. Jyothi Reddy with her spectacular travel from a field laborer to the CEO of an organization in the US. This is the true story of Ms. Jyothi Reddy who now owns a software company in the United States of America and who has a great vision to change many lives of women in rural India.
Jyothi was born in 1970 and she was the youngest among the five girl children in a poor family in India. Due to her family’s financial situation, she was admitted into a welfare orphanage. To get the admission, she had to become a motherless child.
It was a heart breaking situation for Jyothi as she could not see her mother during the days when she was in the orphanage. There was nobody to share her happiness and sorrow. Instead of getting down with the situation, Jyothi developed a strong will to make her future bright. She promised herself to work towards creating a better life for her.
She learned the way of dealing with life in a hard and practical manner. The hardship taught her the value of life and made her think beyond the situation.
Ramesh Babu, the barber who owns a Rolls Royce
Bangalore resident Ramesh Babu, is a star in his own league who runs the business of cutting and styling hair. He is an ordinary businessman, with an extraordinary wealth. He is a billionaire and owns a rent-a-car fleet of 67 alternative cars.
At the moment his fleet consists of around 200 cars, vans and mini-buses, including imported vehicles—a Rolls-Royce Silver Ghost, Mercedes C, E and S class and BMW 5, 6 and 7 series. He has a fleet of imported Mercedes vans and Toyota mini-buses.
“This is more of a passion,” he says. As for being a barber, “I will continue to be one as long as my hands are healthy.”
Amazingly, Ramesh charges Rs 75000 a day for the Rolls and his usual clients are corporate bigwigs and visiting Bollywood and Tollywood stars.
Godse hails from a poor family of a farmer based out of Akole village from Ahmednagar district, where he recalls his father earning a meager monthly wage of Rs. 400.He worked hard and did graduation and later MBA course in 1994-96 from Pune University.
Nitin laid the foundation of Excel Gas and Equipments Pvt Ltd on 31 December, 1999.
Ranked as one of the top 5 companies, the company specializes in on-site piping and tubing installations, subcontracting, supplying a variety of onsite services like pipe and tube supply and fitting, on-site manual welding, orbital welding, helium leak check, instruments supply and erection and such others.
The turnover of the company is touching Rs 50 crores and the company has 200 employees on its own payroll.
Excel Gas plans to install 20 gas plants in 4-5 cities by 2016-17 with an investment of Rs 100 crores.
[ Source: Franchise India ]
MTV DROPOUT PVT LTD
Case Study: Amazon
Business Plan Starting a business made easy
Home Solutions Suggested: