Today, we do not talk more about technical issues, we have discussed some practical examples of business. Suppose you are interested in a ready-made garment business. You think, there is a chance to make a career in a ready-made garment business. Your capital is 10 million taka You need to know first of all the details of this business. For example, the price difference between wholesale stores, retail markets, wholesale and retail markets. If you want to prepare the dress, then where will you get the necessary raw materials, where will you find the factory. How to order in the factory and where is the dress market you have made?
The dresses of all the old people are available in the market and the demand for dresses made in our country is widespread. Suppose you decide, you will sell baby and girls’ clothes. Initially, you have decided that in the areas around Dhaka, you will buy wholesale clothes and sell it to retailers. In this case you will first have to recycle those markets. There shoppers who bought the products from Dhaka contacted them, they became aware of their needs. Check the market by showing a sample or sample of some of your products. Last seen, if you can afford to wear the dress, then at the end of the day you will be able to make a minimum of 5/6 per cent of the money you can afford. To get the market first, it is better if you get a little less on the current style. If you can take some advance order, it will be your best achievement at this stage. These experiences will help you to increase your confidence.
Then, with a trade license, open a current account in the name of your organization in the bank and take a part of your tenure of the capital of your capital and submit it as a capital and go into business. Suppose, this one lakh is your maximum capital With this one lakh rupees you will be able to buy around 1000/1500 pieces of clothing for different categories of children. If you can make a profit of less than 5 rupees without any cost, then it can be profitable from 5000 to 7500 rupees. If you can afford to wear clothes twice a month, monthly transaction is two lakh taka and profit 10/15 thousand taka. In short these transactions and profits are not small in any part. Alongside, you can make small transactions through your bank account. Sometimes, by depositing some money, take it back once or twice a day. This will be good for your account’s annual transaction, your account profile will be heavy. Which will play a very effective role in the future. Regularly visit the bank, keep a close contact with the bank officials. Ensure your identity in the bank as a good regular client. Remember, the wholesale market, the more roam the raw market, the familiar face and the good use and honest work, the businessmen will gain confidence.
If this pilot project succeeds 50 percent, then many details of this sector will be known. Then you can invest if you want to know more about the demand of the market. It will be a relatively safe investment. Alongside, create new buyers and markets. A good businessman tried to use his capital in a short time. The more you use the capital, the more profit you gain. But keep in mind that the greedy greed is ruined.
Then gradually you will enter the main business. But in no way will you invest more than half of your specified capital at this level. The rest of the capital is the courage to take your risk. The business involved risks. But this risk should be the calculative rick. If your business has spent one year, if a suitable buyer is ready, then when the market is big, you can collect information about making a soft dress. Try to supply a minimum of 10/15 thousand pieces of clothing each month. Remember that the large scale dress is not as a supply pas, as a dozen. We are discussing as a piece for the benefit of calculation. At this stage if you can make a profit of 10 paisa paise without paying all the expenses, then earning about one and a half lakhs per month is earning.
You can stay at this stage if you want to increase your business if you do not want to. If you want to see your business high, then you have to go further, that is to think about making a dress. You can get all the costs and information related to it yourself. Giving a factory means that some of your own buyers are ready, you have a showroom yourself and where you sell wholesale and retail. If not at that stage, the factory will be in danger. In the first place, you can do experimental work with two or three old machines in the name of your organization without giving a factory with a line (usually a line with 20 machines). If your own order is not enough for these two machines, then you can buy some old machines. Though you have money in hand, you can be bankrupt at this stage.
Assuming, it took you nearly three years to come to this stage, in the last three years your organization’s monthly turnover increased from 2 lakh to 2 million (monthly turnover means how much money a company has to deal in every month). That is, about 1.20 million taka every year. Since you have long been in good relation with the bank, the bank has benefited through you, the manager of the bank knows you as a good client. At this stage, if you apply for SME loan, then the bank will give loan to you as a qualified person. It’s almost 100 percent sure. But without taking a loan, take a loan of five lakh taka and buy machineryini for one year, if you can return quickly before the time, then you will be considered as one of the best customers of the bank. This identity, this good relationship is very important, which will work in future. Remember, the bank is not a charity organization. The bank itself is a business organization. You have deposited your money with the bank. They can not afford the loan. It is a matter of responsibility. Those who shout that banks do not give loans, they do not follow the correct procedure, because I’m 100 percent sure. If you have the right papers, the rules will follow and the patient will run behind you.
So slowly you’ll go ahead with the small time frame and planning. At one stage, your hard work, love, intelligence, talent, honesty and overall ability can become a big factory. Try yourself for foreign buyers, contact us, get help from BGME. After 10 years, if all is well, then your organization may have employment of 10/12 thousand people.
Remember business is like a bot tree. Gradually it turns into small. There is no legal method to become rich overnight. Recently, the people of the country are investing most in food business, import, export. Because it is said, these businesses are very profitable. But every business is profitable, if it can be done in the right plan. So whether they have experience or not, some understand or do not understand others; Many people are investing in the business. Someone is succeeding, while others are facing financial losses in the mid-way. Keeping this unsuccessful part, this huge post will be there. I hope they get some ideas about the business from this example. Not everyone will be a successful businessman after reading this post, but you may get some clearer ideas about the steps to be successful business people.