NRIs Returning to Hyderabad

[Kulcha Hyderabadi]

This advice is based on the assumption that you are not an IT Professional. The kind of business you want to do depends on what kind of skills you have, your core competencies and money. Don’t get into something that you don’t know. Never get into a loan trap, feasibility studies, highly paid consultants and subject matter experts. If you dont have any special skills and prior experience in business, start small and don’t put all your money into it. Work on a worst-case scenario and see if you can survive a total loss. The key is your ability to withstand social pressure from relatives and friends. You must have the courage to swallow false pride. This is how it worked for me. I started with a Pan Ka Dabba, then made a successful bid for a Cycle Stand, an Internet Cafe and now am working on setting-up a sandwich and fresh fruit stall. Talk about diverse business. I can tell you my total worth at any given time, cash flow, liquidity, receivables and payables (better than those guys at Enron). I deal in cash no credit. At the end of the day, I collect my money and laugh my way to the house. I don’t need a chartered accountant to manipulate my finances and a highly paid consultant to tell me the time of the day (by borrowing my watch). I make enough to live comfortably, pay my bills on time. No deadlines, no pressure, no performance appraisals, no force ranking, no apple-polishing, no boss no nothing. If you are prepared to do this seriously and sincerely, you will be the next Donald Trump!

[Bhaimiya]

Thanks for well thought advice.

[TERMINATOR]

Kulcha u r great, u will become 1 of the richest guys in india for sure. Starting from pan ka dabba to internet cafe looks great. all the best

[Bhaimiya]

Need suggestions from Hyderabadi\'s who is currently residing in Hyderabad and doing business \"What type of business can start NRI\'s returning to Hyderabad and how many months they should study the market.

[hardcoder]

Wow!! Hard to believe it, Kulcha, because your English is very good, and its kind of hard to comprehend that a former panshop owner writes one of the most sensible postings in this site. You sure have determination and the guts to overcome odds. I wish there were more people like you and lucifer_in_disguise to post more valuable messages here

[Shahed]

Bhaimia, I can suggest you only few basic fundementals of business, since I also belongs to business family......
* Try to involve as much as you can and take maximum experience before start any business. Keenly watch ups and downs and movements in that field. Your experience will become a ladder for you.

* Initially start with very less capital and don\'t invest whatever you have(check : Low investment high profit).

* Save monthly expenses by using your own property or premises.

* Don\'t go for Hi Fi business and decoration, Usually people(NRI\'s) do this.

* Market Readings , Location, Locality, Relations & Hardwork plays important role in any successful business.

* Select that field which is rare in market.

* These days the best profitable businesses are I beleive Inet-Cafe, Darshani\'s (Idli-Wada-Tea-Cofee etc. Shop) , Fast Food Centre , Property Dealings , Tyres , Cement & Medicine , Automobile Parts Distributor , Kirana Store Whole sale/Retail , TATA Call Cabins...ISD/STD Cabins...Etc, Etc, these are the good profitable fields.

[Shahed]

W A R N I N G ! S T R I C T L Y A V O I D short cuts. There are many schemes still running in Hyderabad and other states offering good returns on a huge investment, fooling NRI\'s and others. Most of them were bankcurrupted..... Al-Falah of Sayeed Bhai, Suji Groups of Kaveti Prasad & Awad Groups of Awad & Bros.. , and many other companies are the best examples. They have swallowed crores of rupees from NRI\'s , Locals and ran away. So be careful with such kind of Cheaters. Dont entertain any such kina of schemes at any cost , lot of people around you will try to encourage and convince you.. Never listen to them.

[Bhaimiya]

Thanks for good advices of Kulcha and Shahid, basically my question is not for me, its for all NRI\'s who is curently working abroad and thinking to go back to hyderabad and start their own business.

[Bhaimiya]

hardcoder: I am sure Kulcha bhai\'s pan shop is better than a gold shop............

[Kulcha Hyderabadi]

You\'re welcome Bhaimiya, its a pleasure buddy.

[Ucchu Mian]

Bhaimiya, my sincere suggestion to those NRI\'s planning to settle down in Hyderabad would be to invest in real estate only - that is buy land, houses, farms etc no matter even if they find houses / land in warangal, for the sake of talking, within their budget. This way they can be sure of atleast rent of the house or an appreciated value of the land etc.

Its hard to digest that every NRI is capable of doing business - as business is not a cake walk. We don\'t see many Hyderabadis bargain appropriately, in daily life shopping etc, so let alone doing business. By this I am not undermining their capabilities but only trying to highlight that doing business is not as simple as imagining doing a business.

There are many examples of inexperienced NRIs plunging into \"business\" with all their savings.

Trust the above would be taken in a healthy way by all.

[Saps]

really Kulcha bhai!!!

Hats off to you!!!

[Bhaimiya]

Ucchu Mian: Thanks for your good advice.

[lucifer in disguise]

well kulchaa....you seem to be a very practical man.....
if you guys remember i once put up a board called \"what will you do if you win a lottery of say a million dollars..\"
no body, replied.....i just thought ...Ok this is what we guys are really upto....

Now kulchaa u talk about urself....n you say u are better than those guys at \"Enron \"\".....sorreee nothing against you, but just think once more.....can you really think of a strategy by which you can become another nymex????
no way man.......if NRI\'s are coming back i hope it is not the money that they should bring back , its rather the new ideas they should bring back with them, n i hope theywill not open a hitech pan dabba in hyd with the million dollars they\'ve earned in there lives.........i look forward for further ideas form rest of you.....

[Ucchu Mian]

We all here expect Lucifer in Disguise to give some new ideas (preferably those that work without any investment)to those NRIs seeking this help on this board.

[chinnabhai]

how very modest, kulcha!

[Allabakash]

hi, I\'ve seen all your postings..But I think that..if you\'re well educated and hard working going for a school will definitely bring you more profits. You got to start it in a locality and show something different. You can click very quickly. Moreover you can start branches. And you can have coming to you from multiple places. If you\'re really serious in business you shouldn\'t go for centralized one.... See for opportunities that are wide spread.

[khajabi]

well, if anyone is still interested in investing in this (or any of these kind) project(s), they are most welcome. kaiko bole to, apan bi ek patnar hai 10 main se..... yaan to koi kuch nai bigad sakta.... upar jawab de na hai na, koi baat nai.... ek \"makhmoor\" (peewat) ki zabani \"barooz-e-hashr be khouf ghoos jaounga jannat main, wahin se a\'ye the Adam, woh mere baap ka ghar hai\".

[Kulcha Hyderabadi]

Bilkul theek boley khaja bee....\"Ab iradon pey bharosa hai, na tauba pey yaqeen\"....Its really sad to see so many people being taken for a ride by these white collar criminals. But, I dont blame these blade company operators. You know what, its one\'s greed that cheats, not someone else. Jab koyee 1000 ke 1600 bananey ka offer laata hai, to zara dekh bhaal ke khadam badhana.

[khajabi]

a\'be kiyoun apna taim kharaab kar\'rain. sooooob hoshyaar ho gai, pehle woh koi chhitti wala, phir sayeed bhai (alfalah), phir ek baink (naam yaad nai a\'ra, koi ...deshi bank tha) aur latest, the great CHARMINAR baink.... ab kiya tum loog ek nawa case karne wale ho.

[Ucchu Mian]

Kya bhai koi aagay badne walay hai kya is mamley mein.. Jo bhi hai ustaad pehlay Allah pe bharosa rakkho baad mein apni toli pay... Do to aapke sammay hai..

[Kulcha Hyderabadi]

Profit to bhot hai pasha, isme koyee shak nai...Main to bolroun, ek residential iskool ich daal lena...Ajkal apne gulf waley bhaiyan bachho ki taleem ke mamley mein zara pareshan hai, ek accha iskool CBSE affiliation se shuroo kardena....kya khiyaal hai?? kharcha tagdaa hai...ek, do ke bas ki baat nahi hai, kam se kam 10 aadmi chahiyeh (investors)...sonch ke bolo....main bhi ab thak gaya yeh chunna laga laga ko...roz ek kirkiree hotich rahtee apne dabbey po.

[Kulcha Hyderabadi]

Nai jandeo main to woh iskool waley bhai ke liye poocha tha. Apna dabba mast chalra pasha, aur phir is mahney mein Sholapur se Shatranjiyan bhi laayon whole sale ke rate mien. Mil jatey 20-25%. Zara yeh light ka billich azaab ban gaya, warna apan mazey mein hai.

[Sunny]

Nice try Kulcha but sounds totally concocted. The terminology used by you does not exist for pan dabba wallahs.

[Ucchu Mian]

Tumhare ku Allah Bakshay... itta paisa kan se lainge mian..school kholna maamuli baat hai..woh bhi aaj ke zamaane mein..is idea ke saat koi maal ka bandobast karne ke tareeqay bhi batao pashaa..