Things are changing!

I recently got a chance to attend FRO2009, India’s biggest multicity franchise and retail show at Nehru center, worli Mumbai. It was really a great experience to see so many new startups along with the established brands promoting their businesses and urging the young and enterprising to join them. There were many companies operating in education sector which looked very promising. I could also see big names like reliance venturing into this sector. This sector looks very promising especially at this time of economic slowdown when students/professionals are looking to upgrade their skills/knowledge. This is one of the sector which is recession proof. Also there were companies like BBX of Australian origin which is world’s largest trade exchange and has an interesting business model. Many eminent speakers also attended this show and gave talks on topics like how to start a franchisee etc. I feel that budding entrepreneurs and persons interested in starting their own businesses in future should make it a habit attend such seminars as he/she comes to know how other people are doing business, what is their revenue model?, what are their return on investments? Etc. Who knows what may click!

Recession Proof your hotel business

I was traveling from Mumbai to Delhi few weeks back when I met a businessman who was running a three star hotel. Out of curiosity I asked him how his business was doing these days and he told that though other hotels in most Indian cities are affected by this financial slowdown but his business is doing very good. He said that his hotel is in the holy city of Shirdi and in times like these most people come for the darshan of Shi Sai baba. He was even thinking of even expanding his hotel business when others are conservative in their approach! Would you have you have thought on these lines?