Thursday, 8 September 2016

Interview of a Client

On the evening of Monday, September 5th, I interviewed a shop keeper who had a store of daily household things. I asked him whether he is satisfied with his business or he want to do something else. There were different factors which were affecting his daily sale. The area in which his shop was situated was not very much developed, moreover he had to invest more and was getting less profit out of it, so he had an opinion to wind up his business and invest the money in some other profitable idea. I discussed the idea of my business with him that i would take his money and invest some where else. First of all he asked me what can you do with it and how would you assure me that my money is not going to be wasted. I gave him a proposal that with his investment I can buy a residential plot where a hostel would be constructed, and after completion I would rent out the rooms, after a month, and payment of all the bills and service cost, we will divide the profit in ratio set at the time of contract. He liked the idea but gave me a suggestion that if i fall short of investment which is needed for your business than what would I do in that scenario. I told him that after getting his share for investment I can look for other investor who will be willing to invest in same business, this way i can gather two investors for same business and divide the profit on the basis of investment done by each person.
After listening to this, he was satisfied and told me that he was not going to end his shop soon enough but he has some investment to do in my business so he asked me to get another person and he can start working with me. 

Business Idea

We have an idea similar to freelancer.pk where employers post jobs and people who seeks work the apply and offer their bids, and employer assigns task after taking interview.
In our Idea, we propose to make a website which will have different ideas of business and investment will be shown on site. An investor who has no way to invest his money, he can approach us, where we provide him with the investment details and profit which he will earn. He doesn't have to be involved practically in business, he is just concerned to his profit.
Our role in the business will be that we take investment from the investor and assign a third party to do the job, or what ever business they want to do. He will general profit out of it, and pay the commission to us, where we will keep our commission and pay the rest to investor.
This concept of business is called Cross Unity where a central authority manages all departments. The departments may consist of an Idea developer whose nature of jobs will be to come up with such ideas of business in which investor will be willing to invest his money. There will be a department which will deal the finance related work i-e to work out over the proposed idea and make details of investment required and set the profit rate of all related parties. Another department which will be related to Quality assurance, and deals with hiring of trusted people who will do the job for us and also to visit the site of work. And one department will consist of all the workers for different nature of work. 
We seek to launch it soon and investors will be able to invest wisely and make money out of it.