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 take in in terms of the changes that Hussain adopted to move one transaction to other?The term profit that Hussain clear when he changed from one to another business is the result of success as he willing to take chances and risks. He started from nil and his creative business minds be the ladder of sucess to him. A lot of challenge that he had faced make he became a great entrepreneur nowaday. He had struggled very much to expand his business in other word to change and overcome his miserable circumstances. We layabout see the profit that Hussain gained from his small business as chocolates drug dealer to became an entreprenuer is started with his first petty step. He started the business with exchange chocolate at the market for the beginning of his business is because he want help his family. As the bread earner replaced his illness father, he must search income to support basic needs of the family. He is lucky because although omans econ omy grow at thelower level those day, his small business still growing faster. But, due to the rising hurt index, he had impediment to make ends meet. This difficulty had work him to another business which gave him more profit than the profit of chocolate sale. He found a spic-and-span avenues in business by started change book. When he made a comparative analysis between the two intersection point, 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 good opportunity to change his business from a chocolate hawker to become a bookseller. 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 cerebrate to the book sale. He had found a new expressive style of a profitable business by selling book. But, he faced difficulty to bring many book everyday and return with them the next day. This si tuation leads him to find the alternaltive to solve this problem. Finally, he got a brilliant fancy. He make a finale to convert his late fathers steel workshop where are had rented to become a bookstore. He try to convince his uncle that idea and because his sophisticated way of looking at thing differently made 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 fillet of 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 through with(p) by change the wayof his business from a book hawker to became an owner of bookshop. Hussains teacher had make he thought a new 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 teacher heard about that and asked him to do the s ame 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 schoolhouses 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 success in converting the bookshop concept to became more wide concept. Hussain again change his business. He sold his bookshop with high price then he opened a new company. 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 reduce 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 engine room 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(ip) supplier of various stationery and office suplies. His company was developed with very advanced and he became an icon 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 pr oved that people can earned more profit if they are wise in taking opportunity and willingness to take risks in business.