Economic Activity | Exploring Shah Store | Steem Entrepreneurs
Introduction
Hey Entrepreneurs,
Ismail Shah here. Today, I'm excited to share a special story close to my heart – the journey of my father and uncle's business. They had a beautiful journey. The power of family entrepreneurship.
The Beginning
This was the first business of my grandfather. He started it around 30 years ago. Then, he passed this beautiful gift to my father. My father expanded this business and invested in many things, including food businesses and expanding the current grocery store. This business is very challenging because you have to learn how to attract customers and even how to sell your products.
A Journey of Growth
Under my father and uncle's leadership, our business flied in air, and became very popular. My uncle and father invested in new things, including food businesses and the expansion of our grocery store. They both faced many challenges, but they managed to overcome them, as our entire family acquired communication skills in real life, genetically
haha!
The Art of Business
Maintaining and running the business is not easy. You have to compete with other stores and engage with customers to understand their demands. My father mastered the art of attracting customers and selling products. It's not only about selling a product.
Profit margin?
Types of the grocery stores
Online Grocery Stores: The profit margin of online grocery stores really depends on their expenses. The higher their expenses, the higher their profit will be. Some online grocery stores have profit margins equal to those of superstores. Note: Online grocery stores and superstores both have similar expenses; there might be a slight difference, but not significant.
Supermarkets: Supermarkets are larger stores that provide a wide variety of food and household products. They offer both local and branded products based on customer demand. Some supermarkets also have online stores. Similarly, the more expenses they have, the higher their profit margin will be.
Discount or Value Stores: Discount or value stores offer low prices to small shops. These stores have a limited product range compared to supermarkets. They are also known as "wholesale shops" in our country.
Thank you for looking and reading my blog☺️!
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Hey I will keep posting in this beautiful community also,
new comers tag added, thanks.
An award. Put it in the first four, That will take you to the search
Done!
Well young man, I think this is where I am going to leave you.
It is clear that you have talent and that you can make a success of Steemit.
Just keep on posting, voting, commenting and when you start earning, powering up!
Hey, I really appreciate your kind words and the way you appreciated me. Well, I am commenting, posting, voting, and powering up too. Thanks.
You cannot power up.. Not yet.
But I know, it is coming. (•ิ‿•ิ)