Greetings everyone!
Today's topic is for those people who have their own business, we all know that its hard to do build a strong business. When we see other people doing business we think they are lucky to have this they are rich and do whatever they want to. Its all illusion when you will do a business you have to face lot of problem unexpected situation. It's not that easy to run a successful business. Well I have shared couple of time that I am running my father's business of sarees. Now many of the people might don't know about the sarees. But let me share you about it and the market cap.
Sarees is the traditional dress for women in our country most of the women are wearing sarees over here, and we are selling it in wholesale. There are lot and lot of variety in market and every type of material has different price. But it's not the topic which we gonna talk about but we will talk about the business that a person should run it with ethics or just run with profit. Now I have lot to share about this in detail because I am experiencing this every single day.
To be honest the business of saree is good but at today's time the competition in this market is too much excess. The demand is less as compare to supply over here. And people who want to make their business big in the market are giving sarees at lesser price they are just decreasing the profit. And if you also want to stay in the market over here and earn money then you also have to give at lower price. People are earning only 3 to 4 rupees per saree in some of the item. Which is very very less.
And if you rise the price compare to market then no one will take from you. You have to flow with the market otherwise people over here will eat you way too fast. And if we talk about the ethics in some of the item there is also a monopoly where you can earn good profit. When the demand in the market is more then you can go beyond the ethics and make your move. Even over here if you go beyond the boundaries you can't sit to do business. Just flow with the market don't dare to go against.
In every business I think it works same we cannot say because every business have different environment of work. But I am telling you about my business and market. Anyhow still people are doing business with a huge capital and people have lot and lot of big turnover. You have to take every step over here very carefully because if you make some of the item in off season or your customers don't like it, then your money will be in danger. But in the season we can make good amount of money. So it's all about the business and it's not that easy to run a strong one.
ALL THE CONTENT IS MINE.
Picture is been taken from my phone.