MY FIRST VENTURE
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MY FIRST VENTURE

INNOVATIVE INCUBATION: MY FIRST BUSINESS VENTURE

It was those days in early 1990's when I had just a 100 sq.feet office near the Reverve Bank of India in Fort Mumbai, day dreaming and thinking Big was a normal routine for me. Walking along the streets of P.M Road, Horniman Cicrle, Fort was the centre of all activities - Banking, Stocks, Trading, Evening at Bars etc.

I used to go every day near the Bombay Stock Exchange along with my friend for my fish curry and rice in a small joint and walking back very slowly used to watch all the brokers in animated and excited mode most of the time. Myself back from USA with an experience in just commodity trading was more or less a if happens so happens business. Mostly all business deals done through Fax and computers having just arrived it was a kind of transition period. 3 times climbing up and down an old building and having an office on the 5th floor without a lift was god blessing - as today I am fit.

Call it accident or destiny- one day I was walking back to my office from the Bombay Stock Exchange and I saw a guy pulling a cart loaded with Share application Forms and it was a time when most of the IPO's was over flooded with share applications. Today most of the companies must have either closed down or just simply vanished!! It struck me that there was huge demand to fill the data on to a computer and I found there could be a opportunity. Further I used to get calls from my friends in Madras, Calcutta, Delhi & Kerala asking for share prices every day after the closing as those days only Times of India used to carry the stock rates next day and all other newpapares in India used to publish the rates on the 2nd day. Again I saw a opportunity to make money!!

I approached a Boank for a loan to buy one 286 computer and a modem for Rs. 1.25 Lakhs!! this was in 1993. I bought the computer and the modem set and started converting the daily stock price into print format - then I approached the newspapers in other parts of the country saying that I can give the daily rates eveery day by 4pm!! Within a week I got 6 newspapers who came running to my office and willing to pay me in advance! I got Rs. 1 million in advance and that was the turning point. I bought a 2 bedroom house in the suburbs of mumbai and bought the same office where I was on rent. The balance amount I repaid the Bank!! all happenend within just 4 months!! I made a million on just using my brain and striking at the opportuinity without loosing time. Within 6 months Mennen Financial Services Pvt Ltd was born. 31st Decemeber 1994 I celebrated with my family in Mauritius.

We see so many things happeneing around us every day but due to our over self occupation we miss so many opportunities.

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