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During 1950s
In the 1950s, the Yemini administration realized that their main unit of currency, the Rial, was disappearing fast. It was found that a young man in his twenties was placing unlimited buy orders for Yemini Rials. Rials, pure silver coins and was in much demand at the London Bullion Exchange. Young Dhirubhai bought the Rials, melted them into pure silver and sold it to the bullion traders in London.
Entrepreneurships true sense lies in the fact that he always looks upon opportunity.
In 1962, Dhirubhai returned to India and started the Reliance Commercial Corporation with a capital of Rs.15,000.00. The primary business of Reliance Commercial Corporation was to import polyester yarn and export spices. Asia Times quotes: "His people skills were legendary. A former secretary reveals: "He was very helpful. He followed an 'opendoor' policy. Employees could walk into his cabin and discuss their problems with him."
Dhirubhai Ambani is credited with starting equity investing in India. More than 58,000 investors from various parts of India subscribed to Reliance's IPO in 1977. Dhirubhai was able to convince people of rural Gujarat that being shareholders of his company will only bring returns to their investment.
Reliance Industries holds the distinction that it is the only Pvt. Co. whose several annual general meetings were held in stadiums.
Dhirubhaism No 1: Roll up your sleeves and help. sense of do it yourself He does not wait for infrastructure to be created to support his operations. He goes out and builds it himself; be it a power plant for his petrochemical enterprise or a canal to bring water from large distances for his cooling plant.
Whenever a task seemed too big to be accomplished, he would reply: " No is no answer!" Not only did he dream big, he taught all of us to do so too. his favorite phrase "dream with your eyes open"
He did not breathe a word about profits, nor about becoming the richest A by-product is something that you don't set out to produce. It is the spin off when you create something larger.
Success
Success in attaining that goal will eventually ring in the cash. For instance, if you work towards creating a name for yourself and earning a good reputation, then money is a logical outcome. People will pay for your product or service if it is good Sounds too simplistic for belief? Well, look around you and you will know exactly how true it is.
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