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In this #telugupodcast we have Prasad Chalavadi Sir, the owner of Sai Silks Kalamandir, KLM mall, Varamahalakshmi silks and many more. He is here to share his journey of how he started this million-dollar business, the challenges he faced along the way, and what set him apart from others, which contributed to his success! This podcast doesn’t cover a single story.. But it is a combination of 100’s of small stories.. Similarly how the success of a company or a brand does not mean that it is the result of a single person’s hard work but the entire team's efforts are behind it.. Including the staff, family etc..
Next, he got into the stock market.. where things are never stable.. You can never predict when you’ll lose everything you have.. and the same thing happened with me.. He lost everything he ever had and considers this as his 2nd failure.. Now when he became successful.. With the support of his family.. He has been able to re enter the stock market and rule it..!! How did he do that?? What did he do differently this time?
Later he was sent to Dubai where.. he believes that is where he gained confidence.. It was the first time that he was in a place where he had to create his own recognition as nobody knew about his family.. This was a challenge he faced.. But he could not sustain it and so he considers this as his 3rd failure..
When he came back from Dubai he got into ‘computer techy stuff’ and learnt everything he could about technology..then went to the USA where he worked part time in a business firm for 100$ per hour.. That is where he realized that he didn’t want to run a business in the USA but wanted to go back to India and start his own business.. When he first came back to India he opened a business with the partnership of his friend but could not sustain that.. which he considers as his 4th failure..
Business is not Maths, it is Science, Data is the most important... The saree business is a ritual that most Indians follow!!! What is Ecommerce and how does it work in sarees. Is there anything called Sales Master class and how does it work? - What are the patterns you follow? People connect to the story.. People would connect to how we brought this saree, why we brought this saree women don't compromise on anything, we bring the best designs at the best price...so we try to pull in the best possible. Selling a saree to the bride is the biggest task... I feel it is a celebration of ethnic culture.. Convincing a bride to buy a saree comes with convincing the whole lot.. If one also says no.. it's gone!!
What was the biggest bill that he could make? What about incentives to the employees in the business? Is it true that 3.92 shares of the company have been kept separate for the employees..??
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#telugupodcast #businesspodcast #rawtalks #vamshikurapati #rawtalkswithvk #podcastintelugu #vkpodcast
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What We Discussed
00:00 - Introduction
03:43 - About Podcast
05:09 - Enduku Saree Business Cheyali?
08:22 - Journey Etla Start Aindi??
11:55 - 4 to 5 Cr Loss
14:23 - Dubai Story
17:16 - Manam Nerchukowali
22:15 - Why did you start Retail Business
24:23 - Friends toh kalsi start chesina
26:19 - Kala Mandir Ela start aindi
28:58 - Zero to Professional coding
32:06 - Story behind the stores and the store experience
37:25 - Busines isn't Math, It's Science
46:54 - Sales Masterclass
54:13 - Saree tradition tagguthunda?
58:20 - What if Prasad sir need to restart his business career?
59:18 - Biggest bill in his career
59:47 - Incentives in their business for salesmen
1:01:00 - Employee Welfare (Red Herring Prospectus )
1:03:35 - Kalamandir Foundation
1:05:43 - Consumer Behaviour area wise
1:12:43 - Tricks played around us in stores
1:14:37 - How do deal with tough sales
1:15:30 - IPO Journey + Tough Calls
01:28:55 - About Raw Talks
1:30:18 - Family Trust
1:35:12 - Road map for a Youngster to start Clothing business
1:36:53 - View on E-Commerce
1:39:45 - Telugu Business Ecosystem
1:41:28 - Fun Segment (Rapid Fire)
1:47:35 - Being aggressive at work with team
1:49:38 - Did Prasad sir cry anytime?
1:50:30 - Learnings & Takeaways
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