Notes

u must be having knowledge abt import/export
Guest_MusicRocker2010: m just selected...
abs2910: sort off
abs2910: coz it depends on country
Guest_MusicRocker2010: offer letter will get afterwards
abs2910: not sure abt everything
abs2910: basic idea yea
abs2910: ohh nice
Guest_MusicRocker2010: n i hv 8 months for my completion of my degree
Guest_MusicRocker2010: :P
abs2910: so u have ur final rounds to go for
abs2910: ooo last semister huh
abs2910: wat engineering are u doing
Guest_MusicRocker2010: so m final reserved my company
Guest_MusicRocker2010: *finally
Guest_MusicRocker2010: no m in 7th sem...
Guest_MusicRocker2010: mech
Guest_MusicRocker2010: i needed ur help in export/import
abs2910: sure ask away
abs2910: i'll try my best to answer
Guest_MusicRocker2010: one of my friend wants to start an import/export business
Guest_MusicRocker2010: what should i advice her?
abs2910: depends on wat they wanna import n export
Guest_MusicRocker2010: ok
abs2910: and where they wanna do it
Guest_MusicRocker2010: India only
abs2910: then tht wudnt be import export
Guest_MusicRocker2010: i think it will be gud if she starts wid small n affordable plan
abs2910: if it is within the country
Guest_MusicRocker2010: ohk yea rite
abs2910: it wud be more of a distribution
Guest_MusicRocker2010: yup
abs2910: aha
Guest_MusicRocker2010: that can be a gud revenue generator for the larger plan rite?
abs2910: so wat sorta product is ur friend wanting to distribute
abs2910: depends bro
Guest_MusicRocker2010: choodo that also she hasnt decided
abs2910: lol.
Guest_MusicRocker2010: what in ur opinion would be a gud target
Guest_MusicRocker2010: ?
abs2910: target of wat?
Guest_MusicRocker2010: mean which product?
abs2910: i think it shud be a unique proposition
abs2910: in watever area
Guest_MusicRocker2010: distribution of which product would prove to be benificial?
abs2910: be it electronices or clothes
Guest_MusicRocker2010: okay
abs2910: oh i wud say whole selling clothes
abs2910: although china is taking over
Guest_MusicRocker2010: ok
abs2910: but there is a huge margin in that
Guest_MusicRocker2010: yup ok
abs2910: i wud suggest getting from B - B rather B - C
abs2910: thats where the money lies
abs2910: rather than retailing
abs2910: but if ur consumer base is that large then u can affford to get into selling to people
Guest_MusicRocker2010: ok
abs2910: i mean lol even if ur products are sold to 5% of the population in india u wud be a millionaire
Guest_MusicRocker2010: so deciding the target group is atmost of importance
Guest_MusicRocker2010: *of atmost
abs2910: yea... always is
abs2910: u cant sell bullockcarts if cars are there in fashion
Guest_MusicRocker2010: yea lol
abs2910: n its abt wat product u think u can manage
Guest_MusicRocker2010: yea
Guest_MusicRocker2010: inventory management
Guest_MusicRocker2010: n how she can get funds?
abs2910 has joined the chat
Guest_MusicRocker2010: hi :)
abs2910: hwey sorry lappy rebooted
Guest_MusicRocker2010: happens
Guest_MusicRocker2010: it's ok...u neednt be sorry to me
Guest_MusicRocker2010: :P
abs2910: lol.
Guest_MusicRocker2010: all windows ki den hai
Guest_MusicRocker2010: xD
abs2910: so where were we?
Guest_MusicRocker2010: what advice will I give her?
Guest_MusicRocker2010: n i was asking abt how to get funds to get started up?
abs2910: real advice is
abs2910: to have the tenacity and persistance to make ur business work
abs2910: then the product doesnt matter
abs2910: welll many ways are there
Guest_MusicRocker2010: ok
abs2910: n its on wat kind of business u want too start
abs2910: i believe if it is internet based banks dont provide funding
abs2910: but otherwise u do get that
Guest_MusicRocker2010: ok loans etc
Guest_MusicRocker2010: micro finance i guess
abs2910: or if she has a business plan she can approach a financer
abs2910: a VC
abs2910: angel broking is a good website
abs2910: where u can mail ur presentations to them
Guest_MusicRocker2010: ok
abs2910: ofc they need indepth research done n a sound proof plan to invest in
abs2910: but that is if ur going large scale
abs2910: trying it on a big scale wid all the big daddys
abs2910: if ur starting small
Guest_MusicRocker2010: ok
abs2910: umm im not sure friends family maybe
abs2910: like 5 lakhs one can start a good sober business
abs2910: so get that amount from wid help n good will n start up if she has the confidence
Guest_MusicRocker2010: yea nice advice
Guest_MusicRocker2010: whatever more than funds confidence matters
Guest_MusicRocker2010: :)
abs2910: yea true
abs2910: lol. see we think we start n we will conquer the world
abs2910: but practical is different
abs2910: it takes time
abs2910: half of us lose the patience
abs2910: n quit
Guest_MusicRocker2010: yea it's very challenging n requires real guts
Guest_MusicRocker2010: :)
abs2910abs2910 : if she learns to survive 3 years
abs2910abs2910 : i bet she wud make good money then on
abs2910abs2910 : those 3 yrs are the most cruical
Guest_MusicRocker2010: ok
Guest_MusicRocker2010: actually speaking frankly meko ye business ki baatein samajh mein nahi aati
abs2910: lol its simple yaar
abs2910: good days bad days
abs2910: get past it n learn to swim n survive in the big ocean
abs2910: baaki profits n loses are part n parcel of it
abs2910: some turn out bad
abs2910: others cover up for it
Guest_MusicRocker2010: yea
abs2910: its simple fundas
abs2910: n alll abt determination
Guest_MusicRocker2010: yea rite