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Few Battles Of My Life !!!!!

By Mandar Joshi on 15 Comments / 3327 views

I heard Mahesh Murthy first time live 🙂 in NASSCOM EMERGE OUT Pune 2012 and it was an awesome experience. He started speaking in his calm and soft voice about the journey of an entrepreneur. He spoke about eight to ten battles every entrepreneur has to fight and succeed to become an entrepreneur and what an amazing observation. At one point he said and I quote ‘ Just do what you are destined to do if you firmly believe in what you do, you don’t know what ripple effect it will have on the world in the long run’.I literally had tears in my eyes and goosebumps in my stomach.

Now I’m almost a 40 year old largely unsuccessful entrepreneur however when introspected my journey I realised though I’m largely unsuccessful in most of my ventures however every failure contributed to make me what I am today. I guess apart from these classic battles Mahesh spoke about I was caught in an additional kind of battle during my every venture and it was trying to do something which is a bit ahead of time. Today I have decided to open the archives of my entrepreneurial journey and share the same with you.

My very first business venture was selling Mangoes during my college days. I was probably 17 years old when along with some college buddies I took some 2 Tons of Mangoes to a completely unknown market to sell ( I was living in Konkan that time and I chose Satara a district place some 175 KM away from my home to do this business) that was my first brush with uncertainty, loss, distrust and mistrust and failure I wont go in great details here but this venture taught me how its important to know the market place and tricks of the trade.

The next indulgence was selling vegetables to some couple of hundred restaurants and hotels along National Highway No.17 i.e. Mumbai to Goa, when I graduated, I realised the pain point of these hotel owners who could not get fresh vegetables in Konkan at reasonable price so I started buying vegetables from big markets like Pune/ Karad and started selling them to the hotels. I also ventured into cut and pilled plastic packaged vegetable to make their job of storing and cooking easier. I tried to backward integrate my purchases chain to farmers and forward integrate my sales chain to small retailers and even thought of selling ready to cook vegetable for domestic consumption. It was way back in 1996 and due to lack of venture capital needed to build infrastructure, relatively new concept of this format of business my venture could not take that next big leap.

After this around 2001,  I ventured in FMCG and started dealing with lighting products as Supply Chain Consultant, I realised in near future there is going to be huge scope for energy conservation products and services hence I tried selling energy conservation consulting business. I use to visit big commercial complexes, housing societies, shops and explain them how its important to get their energy audit done and use certain energy conserving products like Electronic Ballast, Motion Sensor controlled lighting switches for basement parking lots, IBMS (Intelligent Building Management Systems) however this time as well people were least bothered about conserving energy. Again this was little ahead of time as you would recollect that in 2010 as a country we were passing through ( and I believe still passing through) one of the worst energy crisis and govt made it mandatory for commercial consumers of electricity to get their energy audit done and take corrective measures to conserve energy.

After this I tried to venture in services business around 2004. Niga Services was the name of my venture the idea was to give one stop services to all the domestic needs of maintenance services be it changing a light bulb, repairing the mixer or oven, changing the washer of water tap or servicing your Air Conditioner Niga Services would be there to help 24 X 7. There would be membership plans and on demand services, A toll free number would be provided to customer and once complaint is logged it would be serviced in four hours. I planned to recruit armies of Electricians, Plumbers, Carpenters, Mechanics who would be properly trained, provided uniforms and with a Tool Kit Van so that they can reach the customer’s home in four hours. I did lot of work in creation of logistics, operations, processes and ventured out to acquire customers but alas people were sceptical and unreasonable when they say they were happy with their present system in fact I could not gather enough resources to build a strong system and message to my consumers that yes this can also work for them and it would be lot easier and cost effective to use one services rather than running Helter- Skelter. This was also a bit ahead of time though the gap was narrowing now for me 🙂

After this due to lot of financial instability I agreed to tie myself in an employment which would help me with a steady bread and butter and joined a Call Centre ( That was the only job available for an Arts Graduate who was good for nothing ) and here I tasted first time in my life global business, its profound and organised system and processes and I soon realised that if India wants to become successful in this global business She needs to learn fast and therefore I got attracted to training, learning and education. Since early 2006 I am involved in Technology Enabled Education Business ( e Learning ) working with one company since then 🙂 but now I could feel that the gap between what I always wanted to do and what would work in real world out there is narrowing down !!!

Now I am working on something which is the biggest pain point of my target consumer. The gap is really closing and now there is a probability that I might succeed as its a right time, right place for me to come in open again, finally it seems that I am winning a very long battle and its time for me to arrive again 🙂

 

First posted on mandyisgreat.wordpress.com

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15 Comments

  1. Hi Mandar Joshi

      yes, i gone through that life in past but as of now doing the right thing on right time.. Thanks for sharing

    Thanks

    Sai

  2. Hello Mandar,
    Thanks for sharing your experiences and the learning. When I started reading the article, I thought you are going to share a successful story about your business and meeting with Mahesh Murthy.
    However, the ventures, failures and the journey clearly shows that there are limitations to bringing ideas to life – either you lack funds to sustain, or lack of people, tools, etc. or the concept may be too new or ahead of its, or the market take a lot of time to accept and pay for your products.

    However, I think you still have scope. You could continue with your job and re-start some of the your old ideas, which work in today’s context. For example things like energy savings, domestic maintenance services are now catching up and there is growing demand in urban and semi-urban areas. Just a thought which you can consider. Wishing you all the best.

  3. Mandar,

    Thank you for sharing so simply but powerfully your entrepreneur journey.  I can easily relate to you because we are creators but it takes much more than creation to build a business.  Very often, we get emotionally attached to our own creations that we become blind to the market’s reactions to our offerings.  It is equally difficult to quit when the going is tough because we are hopeful of a turnaround in the near future.  We also need to be a businessman in addition to an entrepreneur so that we can build an army of happy customers.

    Thanks once again for your vivid sharing.  

  4. Thanks !!!

  5. Thanks Sridhar !!! Yes you are right I am starting up very soon with new vigour and lots of learnings from the past. thanks for your encouragement and support !!!!

  6. You said it all Badri 🙂 You are bang on target I was madly in love with my ideas and in fact that made me blind to certain subtle hints which I could have captured from the market anyway i had my learnings, lessons learnt though pretty hard way 🙁 and you are also right about the business attitude. I guess thats one of my weaknesses so now I have got a co founder who is perfect in his business sense 🙂 and now I can focus on my core competence i.e. conceiving and building business models. Thanks for your appreciation and encouragement 

  7. Love your story Mandar.

    We all out-of-track individuals can relate with your stories.

    Keep it up and yes, its time to arrive again. God bless!

  8. Mandar,

    It takes a lot of courage to admit your shortcomings and to take action. You have it in abundance now.  We are looking forward to hearing your success story soon

    With best wishes

  9. Thanks Sandipan !!!! 

  10. 🙂

  11. Mandar, great read !

    I would suggest you to share the new idea you are working upon. When an idea is shared, it gets refined, polished by the feedback given by other users. So don’t be afraid to share it.

    Regards, Puneet

  12. Yes sir, make it big. You are a seasoned entrepreneur I am sure you are going to rock for your persistence behavior. Thanks for sharing your story, helps a lot.

    Good luck!

  13. Thanks Prashant !!!! your wishes and support means a lot to me. 

  14. Absolutely inspiring story! Thanks for sharing! All the best!

  15. All the best Mandar and BTW 40 is not too old either 🙂 so restart soon….

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