Summary of Gordon Travel Enterprises

Bhoopathy Sharma felt that he used to be growing historic and that

he needed to reduce his stress. Will it be fabulous to promote of his
manufacturing business and start something like a life-style business?
Is it an excellent concept to shift from a non-family commercial enterprise to
a household business?
First, he must promote of his stake in the manufacturing business and exit out of the
business.

Background: Bhoopathy Sharma graduated from Punjab Agricultural University in

Agricultural Science. Bhoopathy Sharma's father owned a
small vehicle components manufacturing company in Chandigarh. Bhoopathy Sharma's
father suggested that Bhoopathy Sharma can discover the trouble and get again to him
with a solution. For a few years, Bhoopathy Sharma labored in his father's commercial
enterprise and grew to become around the business. After a super deal of thought,
Bhoopathy Sharma decided to shift to Hyderabad. Bhoopathy Sharma did no
longer waste a lot time to pick the field in which he desired to operate. Bhoopathy
Sharma located a associate for his commercial enterprise via one of his friends in
Hyderabad. Excessive paper work in getting license for the business.
The product that Bhoopathi Sharma selected for his commercial enterprise was
once ‘poultry feed’. After tasting their initial success, Bhoopathy Sharma and Ajay Mehra
have started out making large plans for expanding their business.
The product that used to be counseled by their commercial enterprise acquaintance used
to be Hydrochloric Acid. Although it used to be an unrelated diversification, running a
chemical (Hydrochloric Acid) commercial enterprise seemed to be a kid's play for
Bhoopathy Sharma and Ajay Mehra. For the next few years, Bhoopathy Sharma and Ajay
Mehra centered on their core business. Gradually the efforts put forth via Bhoopathy
Sharma and Ajay Mehra to promote their business enabled them to turn their
small enterprise into a medium size business. Bhoopathy Sharma’s idea that
it was great to establish a household commercial enterprise in the carrier sector. Second,

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doing a service-based commercial enterprise is less complicated and being
a family commercial enterprise he can expand his relationships and contacts in the market
to his son. There were two components that made Bhoopathy advance a low level of self-
efficacy in mentoring his son for a manufacturing business. First, Bhoopathy believed
that his son Manohar Sharma used to be no longer hardworking. Second, Bhoopathy
Sharma believed that his son Manohar Sharma lacks industry knowledge.
After having a lengthy discussion with Manohar Sharma, Bhoopathy
Sharma cautioned that Manohar Sharma needs to do an M.B.A. program. Bhoopathy
Sharma knew that attending a pinnacle commercial
enterprise school that presents entrepreneurship and industry-specific guides is
the great choice in the case of his son. Bhoopathy Sharma bought off his stake in his
first commercial enterprise and commenced planning for the new business. He had been
exploring number enterprise possibilities in the provider sector.
Shifting from a non-Family Business to a Family Business
Bhoopathy Sharma knew that the travel employer commercial enterprise used to be a low
margin business. Bhoopathy Sharma had been exploring a number commercial
enterprise opportunities in the carrier sector. Bhoopathy Sharma knew that
the travel employer commercial enterprise was once a low margin commercial
enterprise but he regarded the following components earlier than making his decision:
The tour corporation commercial enterprise wants average competence and skills from
entrepreneur's side. The lists of services provided by using the new business are noted in
Exhibit 2.

Exhibit 2: List of Products/Services of Gordon Travel Enterprises

Bhoopathy Sharma started Gordon Travel Enterprises on January 01, 2006 at Esquire
Business Park in hi-tech town location of Hyderabad. Manohar Sharma used to be given
the designation of a Sales Manager and used to be groomed by Bhoopathy Sharma.
Although the increase of Gordon Travel Enterprises was once viewed average in his
opinion, Bhoopathy Sharma was once extremely pleased over the initial success of his
business.
Looking into the future of Gordon Travel Enterprises:
Keeping in view the future enterprise stipulations and environment, Bhoopathy Sharma
made out a list of standards for his son Manohar Sharma, which was as follows:

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(i) Never damage your promise in business or non-public life. Suppliers or
any humans involved in the business. As Gordon Travel Enterprises was in
a average boom mode and had fantastic prospects for expansion, Bhoopathy Sharma
explored the following questions:
II. Can Manohar Sharma turns Gordon Travel Enterprises into a massive agency via two
two two two Enterprises?
V. Did he pick the right enterprise for grooming his son into a profitable entrepreneur?

See Exhibit 1 for a simple model of Categories of Entrepreneurship Opportunities:

Exhibit 1: Simple Model of Categories of Entrepreneurship Opportunities

Category 1 Category 2

Easy to enter Easy to enter

Difficult to survive Easy to survive

Very difficult to grow Difficult to grow

Category 3 Category 4

Difficult to enter Difficult to enter

Difficult to survive Easy to survive

Very difficult to grow Difficult to grow

Exhibit 2: List of Products/Services of Gordon Travel Enterprises

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