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.
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.