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My full assessment

Set up and Planning

  • Created a business plan
  • Performed a competitive analysis
  • Interviewed potential customers
  • Tried to sell to customers
  • Not confident
  • Not confident

Market Research

  • Confident
  • Neutral
  • Neutral
  • Confident
  • Neutral

Finances

  • Not confident
  • Not confident
  • Neutral
  • Not confident

Sales

  • Confident
  • Confident
  • Neutral

Operations

  • Confident
  • Confident
  • Neutral
  • Confident
  • Confident
  • Confident
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VK

Vivek K P Entrepreneur

Location
BENGALURU, KARNATAKA, India
Venture Industry
Furniture Production/Repair/Sales
Languages spoken
  • English
  • Hindi
Recent Activity

What I need help with

My background as an entrepreneur

My current challenges

Finance - working capital - how to get When to exit a business How to handle debt How to grow your business How to scale up - Is your business scalable Where to advertise for your business How to promote your business Is your business model right Will you be able to reach a Million Dollar mark with your present business. How to run your business How much expenses should you make Is the product mix right for your business Whom to hire and fire and when Vendor management Order management Systems and softwares your business can afford Website management - how should your website look and contain Online Presence Tie ups and Collaborations HR Management Product Pricing Sales strategies how to get profitable

Actions I’ve taken so far

Tried working on getting Affiliates Trying to develop new Vendors Making changes in our website to make it more customer friendly. Social media promotions and posts Trying to be economical in pricing

My future goals

Looking forward to get profitable and then scale up and start atleast 5 new stores in our city and different cities in India by 2022.

My motivations to work with a mentor

I have been looking for a Mentor for many years now as I have been struggling with all the above mentioned points. I have figured out the skills I lack and so am looking forward to a Mentor to show me how to get past these hurdles. My problem has been the implementation part. Keep getting a lot of ideas but am never able to implement them. So I am very desperate to be guided.


About my venture

nosttaalgia homes Started 2001

We have been into the furniture business for last 20years. We have a retail store and also have two franchisees. Our products are mostly high end. We are mainly into customisations and sell teakwood carved furniture. We also have a range of economical solid furniture which was re -started 3 years back. We used to sell a lot through trade shows / exhibitions all over the country, which has reduced considerably now due to many competitors coming up, who are doing those exhibitions now.

Countries of operation: India, United States of America