Sunday, March 6, 2011

Leap of Faith

During the weekend, I took leap of faith into unknown territory - something that I don't know so can't describe. I sent emails to couple of folks who are business managers for fabindia and sewa folks asking them for their business model for entering into business partnerships with them to set up fabindia or sew retail outlet.

I just think I have courage and passion and am not ashamed of looking stupid. I don't think anyone sane would ever respond to my enquiry and think I can benefit their cause and industry in anyways. But I am already dreaming of shop setup most probably fabindia and then diversifying. The fear in my mind is no one coming to my shop at all. How do you hire people to manage shops I don't know from where to get those. I know in Sarjapur road area there is no fabindia and closest fabindia is either koramangala or Whitefield. (some kind of market research about identifying what I would want to open – concrete things) There are so many apartment complexes in this area and everyone thinks fabindia is one stop shop for mix and match and also for all American relatives that we have.(should be able to sell) What I don't know is how much money is required to set up something like this(capital investment) and what business model does fabindia have. Idea is once the shop gets setup than I would want to have section which is built on the modal that I rent out XxX space to small vendors which have variety of good to sell(generally handicrafts) and we do profit sharing if they make one. Another part of space that I would rent would have to be permanent exhibitions ties up from organizations like Sewa and many more whose supply I would choose and decide based on market trends like short kurti and anarkali style for now.
From where would I find the time to do something like this even just setup and then make it operational. I don’t have partner who is free whom I can trust. How do you manage security and insurance of rental space ?

Does being secure and lack of excitement makes person take leap of faith into something which is just passion or dream. I don’t know but I have no other reason than this. What happens if someone says yes to my emails – let us wait and watch and meanwhile firm up the plan.

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