Am sure you have heard of it. how many of you seen it happening with your eyes? I just did. Recently while organizing a family function, i hired an event manager ( a fly by night operator, not the Saurabh Garg big shot types). He managed the whole event except table chairs for which he referred a guy called Somnath. i co-ordinated with Somnath and event went well
Today Somnath came to collect his payment. He told me that i was foolish to hire an event manager and had i contacted him earlier, he would have done the same event at half the price. He showed me pics of past events on his mobile and i found pics to be very impressive. i got down talking to him on how he came into this business. Turns out that 5 years ago he was a gym trainer in Kalpataru (my previous residence) and everyday he used to see events happening in the club. He enquired and thought that he can make money if he starts supplying table chairs to these events. So he got visiting cards made and placed them on reception. Slowly he starting getting calls and because his prices were low he started getting brisk business. few months down the line he realized that he would make more money if table chairs were owned by him because margins were not good if he was just a middleman. He took out a loan and hired a warehouse and bought chairs and tables. As margins increased he repaid the loan and branched to other buildings (my current residence) and also in balloon decoration, theme decoration, Flower decoration, DJ, Music system and he hired a comparing guy as well.
Result is that he has a decent turnover 5 years down the line and if i can guess correctly, we are looking a true blue millionaire in 5 years time.
Salute to mumbai and people like him
Today Somnath came to collect his payment. He told me that i was foolish to hire an event manager and had i contacted him earlier, he would have done the same event at half the price. He showed me pics of past events on his mobile and i found pics to be very impressive. i got down talking to him on how he came into this business. Turns out that 5 years ago he was a gym trainer in Kalpataru (my previous residence) and everyday he used to see events happening in the club. He enquired and thought that he can make money if he starts supplying table chairs to these events. So he got visiting cards made and placed them on reception. Slowly he starting getting calls and because his prices were low he started getting brisk business. few months down the line he realized that he would make more money if table chairs were owned by him because margins were not good if he was just a middleman. He took out a loan and hired a warehouse and bought chairs and tables. As margins increased he repaid the loan and branched to other buildings (my current residence) and also in balloon decoration, theme decoration, Flower decoration, DJ, Music system and he hired a comparing guy as well.
Result is that he has a decent turnover 5 years down the line and if i can guess correctly, we are looking a true blue millionaire in 5 years time.
Salute to mumbai and people like him
