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To Thugged Out

   <br> Where you at? 10-Dec-03 pandu
     Holla back... 10-Dec-03 pandu
       Pandu ohh pandu,, don't you have better 10-Dec-03 Recon
         Nope... 10-Dec-03 pandu
           The Eighth Entrepreneurs' Forum is takin 13-Dec-03 ashu
             BUSINESS Honesty pays finally, claims M 25-Dec-03 ashu
               I was very impressed with Mr. Gurung. H 25-Dec-03 ashu


Username Post
pandu Posted on 10-Dec-03 12:27 PM


Where you at?
pandu Posted on 10-Dec-03 12:28 PM

Holla back...
Recon Posted on 10-Dec-03 01:28 PM

Pandu ohh pandu,,
don't you have better things to do!
pandu Posted on 10-Dec-03 03:44 PM

Nope...
ashu Posted on 13-Dec-03 12:50 AM

The Eighth Entrepreneurs' Forum is taking place in Kathmandu later this month.

The speaker is: Mr. Min Bdr. Gurung, the owner and manager of Nepal's most famous supermarket -- The Bhatbhateni Supermarket in Kathmandu.

Addressing an audience of male and female Nepali private-sector entrepreneurs and businesspeople who are in their 20s and 30s, Mr. Gurung will talk about how he got started in business, and will discuss his ups and downs, and the challenges and the constraints that he faces in managing a supermarket business in Nepal.

Mr. Gurung will speak in Nepali.
The tone of the Forum will be informal.

As always, there will be a lively Q & A session afterward, followed by chiya-siya
and more guff-suff.

PAST speakers at the Entrepreneurs' Forum have been:

1. Shyam Kakshapati, CEO of Nanglo Restaurant International.
2. Sanjib Rajbhandari, CEO of Mercantile Office Systems.
3. Raghu Shah, CEO of Himalayan Telecommerce.
4. Pravakar SJB Rana, ex-Chairman of Soaltee Group
5. Padma Jyoti, Chairman of Jyoti Group
6. Ambica Shrestha, CEO of Dwarika's Hitel Ltd.
7. Banwari Lal Mittal, Chairman of Sri Airways.

The partners for this event are:

New Business Age monthly magazine,
The Himalayan Times English daily, and
Radisson Hotel.

If Nepali businesspeople/entrepreneurs are reading this, and want to attend this, please send me an email.

oohi
ashu
ktm,nepal
ashu Posted on 25-Dec-03 10:22 AM

BUSINESS
Honesty pays finally, claims Min Bd Gurung
Himalayan News Service
Kathmandu, December 24

If anybody wants to be a successful entrepreneur and lead the country towards economic prosperity, he has to work hard and be honest.

This exactly applies to Min Bahadur Gurung, who owns Bhatbhateni Departmental Store (BDS) in Kathmandu.

Gurung, who hails from a low-middle class family, is a billionaire today, thanks to his dedication, honesty, hard work and simplicity.

Born in Khotang district some four decades ago, Gurung did his Masters in Economics in 1958. However, his continuous efforts for the past 19 years has really made him a successful entrepreneur of the country, who has around 200 staff in his shopping centre at present.

He has given employment to those who are from the rural areas of Nepal.

It is the smiles and fast service coupled with honesty of his employees, that has helped him to the pinnacle of success. Gurung plans to set up a training unit to his employees for further boost his business.

"An entrepreneur has to do business and reap benefits to a minimum level and should never go beyond limitations, said cheerful Gurung — at the entrepreneurs' forum organised by Business Service Aadhar, today — adding that "If business is promoted, country will move forward towards economic advancement."

Gurung, according to him, is the largest taxpayer in the supermarket category at present and pays over Rs 5 million to the national coffer annually. However, he is worried that those who pay taxes, do not get any 'respect and recognition' from the government.

It is not uncommon that some of the businessmen want to make fast-money. Gurung, however, opined that fast money will not be sustained in a long run. "But still some of the businessmen are after making fast money," he said.

As businessmen are the pillars of the country, they need to be supported, boosted and given adequate support for their sustenance, he opined.

He urged all entrepreneurs and specially to emerging young entrepreneurs to be honest, hardworking, positive thinker and practical. "This will ultimately help one to achieve the goal as a successful entrepreneur," he said, " This is my experience."

He thinks that Nepal is the best place to do business as there is high competition in other parts of the world. He is planning to apply modern technology in his shopping centre in the days ahead to advance the business and control leakages, if any.

Gurung imports only 10-20 per cent of the goods from Dubai, Singapore, China and Thailand. The rest of 80 per cent is the local products, he informed. Around 3000-5000 customers visit Bhatbhateni Departmental Store daily.
ashu Posted on 25-Dec-03 10:40 AM

I was very impressed with Mr. Gurung.
Here are my observations -- bsed on my interactions with him.

He is extremely competitive. Likes to win.
Said that in high school, he never stood second -- always first. [Aside: Why are people from Khotang so driven to succeed?]

Wanted and wants to be number one in his business in Nepal and intends to remain that way.

Apparently reads voraciously, mostly biographies. Said that he is inspired by the lives
of Sam Walton (founder of WalMart), Bill Gates, Dhirubhai Ambai (founder of India's Reliance group) and Nepolian, and, in the course of his presentation, made many references to those and other people.

Knows how to use humor to deflect difficult/uncomfortable questions.

Calmly announced that he is an "arab-pati" (a multi-millionaire even in dollar terms)
who pays his taxes, and who intends to be Nepal's largest taxpayer in a few years'
time.

Said that Nepali customers are easy to please.

Is a devout Hindu.

Started the business for his wife to bide the time in 1986, by selling his wife's jewelry. Started job by working as a clerk at the New Road branch of Nepal Bank.

His first business -- Bhatbhateni Cold Store -- burned down in 1993.

Has a razor-sharp mind. One should not be fooled by his calm, smiling face.

oohi
ashu
ktm,nepal