A Road From Working in a Medical Store to Building Plazas and Developing Much More

8/18/2019 A Road From Working in a Medical Store to Building Plazas and Developing Much More

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E N T R E P R E N E U R S H I P[COMPANY NAME] | [Company address]

PROJECT REPORT


2/19

SUBMITTED TO MADAM:

SABRA NADEEM

SUBMITTED BY:

MAHNOOR NASEER

FARHEEN RASHID

UZMA JAVED

SANIA NISAR

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3/19

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ECEUTIVE SUMMARY

In This report we have produced a profile of an entrepreneur. The entrepreneur

who was born in Quetta started working at the age of 17 and is now the owner

of a company and a factory etc.

In the report the introduction of the entrepreneur is given and the educational

background.

The work experience of the entrepreneur is stated and his plans before going

into the business are also discussed.

Then how the entrepreneur started his business and what was his challenge that

he faced and how he overcame those challenges, his competition and the future

that he sees for himself and his business are also shared and in the end what

makes a person a good entrepreneur is discussed.

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INTRODUTION

road from working in a medical store to building pla!as and developing much

more""""..

A Et#eee+#

#rench word meaning someone who undertakes something, used to mean someone who

owns or runs a business.

$omeone who risks their own capital in a business enterprise.

"


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%e see a person of &' years of age, who lives in Islamabad with his wife and kids. (is kids

studying in best schools and colleges, having everything they need.

(e is the owner and the ).*.+ of -+(/$ )ompany also owns 0 to shops one or

two plots a small factory etc., this is the materialistic view of his position but what matters

most is his standard of living. ccording to him what he earns he spends or invests in

business, he is not a person who has many properties or a huge bank balance but a person

who believes in having a better today than waiting or saving for tomorrow.

%hen we asked him if he always had money to do business or did he face some hardships

while reaching to the position he is now in, he took us back to where it all started and told us

his story of hard work and struggle and how he managed everything and took risks in order to

move forward in life and business.

%e will share the story of a person who started working at the age of 17, an entrepreneur.

2orn in Quetta, in 1347. (e is the second son of the family and has an elder and a younger

brother along with sisters.

The family in which he was born is 5uite vast and enormous having a numerous number of

persons doing various businesses. (is family is well known in the area and people trust them

and feel satisfied while working for them or with them. ow we will state the story of the

entrepreneur6s work tenure.

%ell I guess the story should be started from the educational back ground of our entrepreneur

in order to have an idea of his knowledge and skill

EDUATIONA6 BAROUND

ccording to the entrepreneur in the times when he was born education was not given much

preference and especially the area in which he was born was the least educated or the

percentage of illiteracy was 5uite high in whole of 2aluchistan province.

#


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$o our entrepreneur being a part of the same area and time was not able to get professional

education or degree that would have definitely helped him in reaching the position much

efficiently.

The entrepreneur stated with regret that he cleared his bachelor6s exam and was not able to

carry on with his studies due to various reasons,

-ost important of which is the factor that education is not given much importance in that

area and the same was the case with our entrepreneur, he thought that pursuing for further

education is of no use as he was a kid at that end of his educational career. ow we will tell

you about the work experience of our entrepreneur.

4"#k E1&e#%ee

lthough the entrepreneur started working at the age of 17 but his first proect that he

supervised or worked on was when he was about 0 years of age and he is still working so we

can say that his work experience is about 08 years till this date and he is still motivated and

will be working with hiss full capacity and energy even forward on.

Et#eee+#$ &,a$ .e!"#e 3"%3 %t" .+$%e$$

ow comes the real story that we have been waiting to tell you all from the beginning of this

profile review

H"w %t a,, $ta#te-9999

$


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t the age of 17 he was going to college and he would spend his spare time or any time he

could get in the medical store owned by his father.

(e would work in the medical store and would study for bachelors at the same time he was

working almost all of his remaining time in the medical store.

The basic purpose of working in the store was to help out his father but as his father would

give him some payment each week so it was also a means of earning for him.

(e worked from 13'& till 133& in that store. The pla!a in which the medical store was, was

also owned by the father of our entrepreneur. longside the store there was an old house

owned by the family of entrepreneur located 5uite near to the store.

The father decided to renovate that house and construct more rooms in it, he wanted to

convert that house into a hotel. *ntrepreneur6s father decided to construct some more shops in

the pla!a and to rent them out as well.

s $cott 2elsky co9founder of 2ehance said :It6s not about ideas. It6s about making ideas

happen.;

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10/19

That6s what exactly our entrepreneur did, this was the first proect that the entrepreneur took ,

he had no plans of working in the construction business or so but while he was working in the

store he got ac5uainted with many people out of whom many were builders and contractors

and plumbers and electricians etc.

%e all know that the basic thing that distinguishes or characteri!es a person as an

entrepreneur is the way he looks at something and finds the window of opportunity in that

thing, the way an entrepreneur uses his capabilities and himself as an asset for his benefits

The same happened with our entrepreneur while working in the store he saw an opportunity

in what his father had decided, he knew that the location is very near to the store and he can

manage both obs at a time so he went forward and asked his father to give him the contract

of building the hotel and the shops. (e assured his father that the work will be done on time

and as per re5uirements.

(is father trusted him and encouraged him to take the step and the risk and thus gave him the

contract.

(e demolished the house and the pla!a and hired people to construct the hotel and the shops,

he completed the whole building in three years and delivered what he had promised, in thetenure of three years he managed all financial issues, labor issues and everything related to

the construction of the building.

lthough this was a great step for the entrepreneur but it was not so economically for him as

it was a family proect so it was out of the 5uestion that he would take any profit from his

own father so he was not given any profit directly but as working on this proect he definitely

saved the expense of a contractor for his family.

This building served as the building block of the career of the entrepreneur which led to many

other businesses.

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11/19

The ac5uaintance that the entrepreneur hired for making the windows of the building

approached him and offered him a partnership in aluminium windows and doors

manufacturing business.

*ntrepreneur told him that he has no e5uity to invest in the partnership and definitely no

knowledge of aluminium and the lot, he didn6t know or understand anything about the business, but, as the ac5uaintance named -an!oor hmed saw how the people of that area

trusted and was willing to work with the entrepreneur and his family so he asked the

entrepreneur to ust be a partner without any investment ust the name of the entrepreneur and

his family would be enough for -an!oor as he would be able to get contracts in the name of

the entrepreneur and would give the entrepreneur a share in the profit.

The entrepreneur agreed to this partnership but he was not reluctant to ust give his name to

the partnership so he would go to the workshop and would sit there learning how the work

was done he wanted to learn as he saw an opportunity in the business and wanted to grab it.

fter a while the entrepreneur and the partner bought a factory on credit basis which they

called aluminium agency and with the contracts or the proects that they took they were able

to pay the installments of the agency.

F#"/ a,, the wa0 t" I$,a/a.a-9

In the meantime the entrepreneur got married and after learning the basics of business he sawthat the market was not too good for him so he moved to Islamabad with his wife and two

daughters and a son at that time.

(e took a loan from of rs.


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This was the first thrust he needed to work forward and that6s what he did

(e understood at a very early age that nothing can be done or achieved without taking risk

and without working very hard for it so that became his motto

Take a #%$k a- the &+t 0"+# ,%!e % the "'et99

This proect led to many others such as

(am!a towers in #911 Islamabad a residential proect.

Two huge proects in #aisalabad known as the bur and )entre point

proect in ?awalpindi :city )entre; bank road.

-idway centrum 4th road ?awalpindi

proect in Taxila named as =ohistan Tower.

nd many more

Aou will all be ama!ed to know that this was not the only business that he started after

coming to Islamabad he saw the opportunity of construction and development business in

Islamabad and the surroundings so he took an initiative and bought heavy earth moving

machinery such as excavators and bulldo!ers etc. ranging from rs.08


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.

(e would give that machinery on rent basis to contractors and within 493 months he paid the

full amount of the machinery to the seller. In the same way he bought 9& machines and was

managing two businesses at a time

A tw%$t % the $t"#099

The younger brother of the entrepreneur came to know about a new product for making

windows and frames etc. known as upvc, so he ordered a lorry full of upvc raw material and

asked the entrepreneur to pay the amount, the entrepreneur had no idea of the product but had

to pay whatever profit he got to the supplier and had to keep the material for which he had to

rent a godown.

. BIt does not matter how slowly you go as long as you do not stop.B )onficius

%ith the same will and hope our entrepreneur waited and worked on

In first year there were no proects or success for the new product which had taken up all the

investment but gradually the market for the upvc emerged and slowly the proects came and

now its demand has increased very much.

The material of upvc is imported from turkey *urope and china its fabrication is done here

thus for the fabrication process entrepreneur established a small factory of about 1.8 canal

covered area which contains all the machines cutting welding etc. re5uired for the fabrication

process.

long with the increase in proects the entrepreneur established an office and a display center

for the upvc and aluminium products in >91< marka! opposite high court.

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>radually the entrepreneur sold his heavy machinery after their useful life and concentrated

on the aluminium and upvc business

long with this business the entrepreneur saw opportunity in the development society

business and also sale and purchase of plots. (e bought many plots and sold them and the

profit was invested in the upvc business.

(e worked in the developing societies business and is still working there and has ac5uiredcontainers of upvc from turkey which is a huge step towards success as the material is

available and the proects too such as

huge proect in @eshawar

proect in Islamabad #94 school road

proect in )harsadah

$amples have been delivered to all these areas and the entrepreneur is hoping and determined

to avail these proects

$o the entrepreneur thinks he is on a very successful road and it was all due to his taking

initiatives and the risk of coming to new place and working in new business and not letting

go of any opportunity that he could grab.

AUIRIN RESOURES

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s we have described in very detail that at the start of his business the entrepreneur had no

capital of his own

(e started his business with loan taken from his uncle and the rest of the business was doneon credit basis, but he worked hard and returned the loan and paid all payables in time and as

this business is mostly credit based so the financing and the resources utili!ed are also credit

based.

H+/a #e$"+#e +$e-9

The start of business was with the entrepreneur and two labors which has now extended to

almost 089< laborers employed.

MARET ANA6YSES OF THE BUSINESS

The business of manufacturing windows frames and the construction and development

business will always be in boom

s long as there are people there will be houses and buildings made, the increase in

@akistan6s population is a sign that construction business will never be out of demand so there

is huge market for the entrepreneur and he will have a lots of scope and area to cover in order

to meet with the demand.

OMGETITION IN THE MARET

ccording to the entrepreneur the trend of aluminum widows has increased to an enormous

level and thus the competition has increased too.

The entrepreneur told us that the number of fabricators has increased and now fabricators are

working on motorcycles and cycles and approaching clients and giving such low price level

that is almost impossible to compete.

HA66ENES FAED BY THE ENTREGRENEUR

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There were many challenges that the entrepreneur faced such asC

The first and foremost being the financial challenges as we described before that

when the entrepreneur started his business he had to take a loan and almost all of his

work was on credit basis so in order to manage his payables and receivables he had to

work very hard as he was new to the business and creating a good and trustworthy

image of himself was the most important thing to do in order to prosper.

The next challenge that he faced was that of ac5uiring resources and raw materials

according to our entrepreneur in any proect the contracting party need to give the

entrepreneur about


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usually do not re5uire the raw materials of a whole container that raw material is then

stored and if no proect is available the raw material will be ust a liability, an expense

The greatest challenge of all that the entrepreneur faced was moving from Quetta to

Islamabad. The level of risk in the initiative and the starting of business about which

he had almost no experience.

s -artin uther =ing Er. pastor, activist, humanitarian and )ivil ?ights leader has

said

:If you canFt fly then run, if you canFt run then walk, if you canFt walk then crawl, but

whatever you do you have to keep moving forward.;

The same is the belief of our entrepreneur, he shared all of his challenges with us and

then stated proudly that he faced all these challenges and was able to overcome themwith constant hard work and thorough planning.

The basic ingredient that kept him going on and overcoming these challenges was his

trust in ( and determination and will to move on and to aim higher.

FUTURE OF THE ENTREGRENEURS BUSINESS

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The entrepreneur was very positive and confident about his future and his business

future, as he has recently

c5uired two containers full of upvc raw material

(uge proects are lining up

The demand for upvc and aluminium has increased

Islamabad is becoming a city of many buildings and pla!as thus the entrepreneur sees bright future for his aluminum and upvc business

That6s not the only business he sees bright future for,

ccording to the entrepreneur the development of societies business is emerging and

the demand for more and more housing schemes is increasing day by day

s the entrepreneur is working on two huge society developing proects he is much

positive that opportunities will be there and he makes sure that he will be there too to

grab the opportunities.

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ON6USION

%e can gather from the interview and the things that the entrepreneur told us that if

we want to be successful we must take risks look for the opportunities grab them andwork hard for them.

%e must take initiatives and no matter what challenges we face we must try to

overcome them with our trust on llah and then on ourselves, only then we can be

determined and will have the will to go on

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Documents

A Road From Working in a Medical Store to Building Plazas and Developing Much More