How,Real,Entrepreneur,Survived business, insurance How A Real Entrepreneur Survived A Crisis


Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise.  Franc


Recently, I read an interesting story in a local newspaper. It's about how a Thai businessman survived a recession.An idea struck me that I should share the story with you. There is definitely something we can learn from this true story.Here is the story...After graduating with a degree in finance from University of Texas at Austin, Sirivat Voravetvuthikun, 53, climbed the corporate ladder and he was then the managing director of Asia Securities Trading. Later, he was on his own and became a private fund manager.Voravetvuthikun then setup his own company, Tong Gween Ltd, and started selling luxury condominiums in a mountain resort.He was very successful then and he was a millionaire living his dreams.In late 1990s, recession hit and stock market collapsed. Voravetvuthikun had to close down his company as there was no buyer for his condominiums. He couldn't pay the bank and the bank seized his property.He lost everything overnight.At that moment, Voravetvuthikun had several options. Some securities companies approached him and offered him the position of managing director.But he felt obliged to his staff and their families. So he decided to start a business, this time, selling sandwiches.He explained why he sells sandwiches. He said, "No bank would give me money as capital to start a business. Selling sandwiches required very low capital, generated cash sales, and required no special skill." The biggest challenge for him was Thais don't take sandwiches.The sale for the first day started off with 20 tuna and ham sandwiches. His wife woke up in the wee hours to prepare the sandwiches. Voravetvuthikun managed to convince his friend, the President of the Bangkok general hospital at the time, to allow him to sell sandwiches. Voravetvuthikun recalled, "It took us all of six-and-a-half hours to sell 20 sandwiches." Due to the poor sales, Voravetvuthikun decided to go to the street to sell sandwiches. He had to convince his staff to follow him to the street to sell sandwiches. Some of them were a bit hesitant at first.The story about a Thai millionaire selling sandwiches on the street caught the media's attention.Voravetvuthikun said, "I have been featured in more than 89 stories internationally and 85 stories locally. I have also appeared on CNN four times, CNBC twice and BBC once."The media helped. Some people heard Voravetvuthikun's story and supported him by buying sandwiches from him. After two-and-a-half years, Voravetvuthikun has carved a name for Saravit Sandwiches. Voravetvuthikun takes pride in the fact that he introduced sandwiches to the Thais. "The leftovers are donated", Voravetvuthikun said, "to welfare homes."Voravetvuthikun said he was constantly invited to address university students. The jobless rate was high among Thai graduates. So his message to them is, "If no one hires you, go out and sell something."Voravetvuthikun later went on to sell sushi. He would like to take his company listed on the stock market and create a sound foundation for a food company. He would like to be the McDonald's of Thailand.Voravetvuthikun also said, "I derived strength from my wife and children. They never complained when I lost all my money."Voravetvuthikun worked by capitalizing on his strengths while working to improve his weaknesses. By doing this, he believed, he had a future. He wanted to venture into areas where other people seldom do."His motto is: "Be daring. Be firm. Be different. Where there's a will, there's a way." That's the story about Voravetvuthikun - a real entrepreneur who managed to survive a crisis. What we can learn from him is humility, persistence, and determination: important ingredients for building a successful business empire. Article Tags: Real Entrepreneur, Sandwiches Voravetvuthikun, Sell Sandwiches

How,Real,Entrepreneur,Survived

business

Europe Construction Equipment Market (2020-2026)

Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling ...

business

Raheja SCO Plots brings Commercial Space in Gurgaon

Being a financial and technology hub Gurgaon is a prominent place for commercial space. Raheja Developers just happens to be the most significant entities of the commercial real estate sector of India. Thanks to their outstanding construct ...

business

Find the Reliable and Qualified Packers and Movers

Have you decided to relocate somewhere in Mumbai and wanted to make a move? Well, you could be aware of the stress and hectic work associated with moving your things from one location to another. Either you make a move to the nearest locatio ...

business

Corporate video production and brand positioning

Corporate videos bring a touch to your marketing aspect. I have seen brands who are telling a compelling story in a more concise way. Here are some advantages to using corporate video for your brands.Videos are a fun way to describe your pro ...

business

Tips For Creating A Cleaning Company Logo

Your logo is the visual representation of your business and the first thing many potential customers will see. When global corporations are mentioned, people typically think of the company logo first. Nikes Swoosh, MacDonalds golden arches, ...

business

Learning from Five Common Accounting Mistakes

Most business owners spread practically all the nuts and bolts of business arranging aside from one significant angle that should be dangerous for their business-accounting. The idea among numerous new companies is that the accounting extens ...

business

Get To Know Everything About Kraft Bakery Boxes

Knowing the fact that all the bakery products ask fr durable and resilient packaging, you must also know that there are several ways to customize the right packaging. Now, for this, you have to team up with a packaging company that fulfils a ...

business

Here’s What Is The Purpose to Maintain Risk Register

Are you in need of knowing what a risk register is? Then you are here searching the result for your solution. It is sometimes known as the risk log. Corporate Risk Register is one of the project management tools that help the company and t ...

business

COVID-19: How it affects businesses and the economy

Updated Canadian economic forecastCanadas economic growth ground to a halt in the fourth quarter of 2019. With the economy already on precarious footing, the added shocks of the recent rail blockade protests, the arrival of COVID-19, and a c ...

business

How Secure is Internet of Things (IoT) - Experts Guide

IoT enables many new functionalities and possibilities to enhance living and business. However, more IoT leads to insecurity and responsibilities. IoT as a spectrum is growing and new technologies are implemented rapidly with an increase in ...

business

Reasons how company information saves your investments

What does company information include? Before you invest in a company or start a new business relationship with a client, it is vital to know everything relevant about them. Company information is any confidential data of a company that is ...