How you define the term ‘profit’ in terms of the changes that Hussain adopted to move one business to another Essay

Question 8 How you define the term cyberspace in terms of the mixtures that Hussain adopted to move one contrast to a nonher?The term shekels that Hussain earned when he changed from one to an early(a) business is the result of triumph as he willing to inquire chances and risks. He started from zero and his productive business minds be the ladder of sucess to him. A lot of challenge that he had face up confine he became a great entrepreneur nowaday. He had struggled very much to expand his business in opposite denomination to change and overcome his miserable circumstances. We bear see the profit that Hussain gained from his low-down business as chocolates hawker to became an entreprenuer is started with his first petty(prenominal) step. He started the business with selling chocolate at the market for the set about of his business is beca example he want help his family. As the bread earner replaced his illness father, he must search income to support basic involve of the family. He is lucky because although omans economy grow at thelower direct those day, his small business still growing faster. But, due to the rising expense index, he had difficulty to make ends meet. This difficulty had bring him to another business which gave him more than profit than the profit of chocolate sale. He found a unseasoned avenues in business by started selling book. When he make a comparative analysis between the two product, chocolate and book, he realized that the percentage profit he gained by selling a book is very high than selling a chocolate. He use this unspoilt opportunity to change his business from a chocolate hawker to become a book trafficker. So, he gained more profit. From this changes, we can see the profit that he had gained by changing the product. Then, Hussain not longer selling chocolate. He focused to the book sale. He had found a bleak air of a profitable business by selling book. But, he faced difficulty to bring many book ever yday and return with them the nigh day. This situation leads him to find the alternaltive to solve this problem. Finally, he got a brilliant idea. He make a decision to switch his late fathers steel mouldshop where are had rented to become a bookstore. He label to convince his uncle that idea and because his sophisticated way of looking at subject differently do his uncle proud and agree with him. So, husin managed to open his own bookshop and it became the first bookshop in the village. he was the sole book seller at his village and this situation had bring him to became a sucess book seller at the village. So, we can see the improvement that he had done by change the wayof his business from a book hawker to became an proprietor of bookshop. Hussains teacher had make he thought a modernistic great idea.It started when his teacher gave him a mission to buy some gifts at the market. hussain brought the required gifts as his teacher order but with a cheaper price. another(preno minal) teacher heard about that and asked him to do the same ones. This condition made he think that he should selling the same product as the teacher want. This idea bring him to provide products that were used as gifts such as pens, pencils, notebooks and other schools needs. Since that, he became popular not only at his school but also in other schools. He able to explore more opportunity in businees by convinced the school to buy from his bookshop. So, from this we can see that he was achiever in converting the bookshop c at one timept to became more wide concept. Hussain again change his business. He sold his bookshop with high price then he opened a new guild. He established a new company for office supplies not far away from the bookshop. This is a good techniques for him as a alternative to recoil the cost at once increase the profit and income. Because the buyer of bookshop can not go through the business challenge, he failed and closed the bookshop permanently. Hussain closed the new office and reopened the bookshop. He relocated the office that he had closed in the bookshop for serving wholesale. But the bookshop still served individual customers. So, customer can buy from the bookshop and at the same time, the wholesale buyers can see the product and test them before placing order. He can reduce the cost facilitate his work. Finally, hussain succeeded to convert his bookshop into a big company for office supplies. With the new technology just entered the country made his work more easier. He started provide new office equipment suah as printers, photocopies and other related devices to the customers. Then, he became a major supplier of various letter paper and office suplies. His company was developed with very advanced and he became an video for leadership and entrepeneurial fields. We can see the high profit that hussain gained when he convert his bookshop into a big company. For the conclusion, from this case, Hussain who is the Sultanate of Oman have proved that hardship make people stronger. He proved that people can earned more profit if they are wise in taking opportunity and willingness to take risks in business.