Case study Personal Attributes are Depicted of Kahn
In this case study a lot of personal attributes are depicted of Kahn. It Is all these attributes of Kaolin that played a vital role in his successful career as a business owner. There were many attributes out of which few main attribute that came across were passion, persistence, hardworking, determination and creativity. Kaolin was smart and out of all the attributes he held on to passion because he was passionate about cheese from his own country.
The one thing I liked about Kaolin was though he ad many difficulties while starting up his business he was able to think in a different manner how others might not think and made his business successful. Kaolin Inspired me through his leadership skill and the way he thought Like no others would think which made realize that I was put In a similar situation back home. I used to do the accounts of my friend’s business and he used to tell me how the business Is going and asked for help because the business was going In a loss.
He was and still is the leading karate institute in ABA Dhabi, U. A. E and is one of the first karate institute to open up in U.
A. E. When I learned more about his business I understood why was the company going under loss, they had never increased the price of the services they provided since 2004 so I told him to increase the price same as the other karate institutes in the locality. It wasn’t easy to just one fine day increase the price so I suggested that we can do a survey in which we ask for his students suggestions.
Surprisingly the students said that this is the only institute hat ask for suck low price for the services they provide and they told that they would be willing to pay more because they were the best In the whole of ABA Dhabi. As a result of the suggestion he was able to bring It back to profit and opened 3 new branches more.
Like Kiln I was able to think differently and was able to help my friend. Kaolin had a variety of ideas regarding exporting; his friend suggested an idea which involved exporting overseas made in Europe Junk cars.
Kaolin did his research and mound out that the idea suggested by his friend was expensive. As a result of his Bulgarian culture Kaolin came up with the idea of importing cheese and he concluded that this product can sell Gel in some communities. With this idea he went to many investors seeking to finance his business Idea and decided to work by himself after receiving no help from any Investors.
After he decided to start up the business by himself, he received financial help from his family and friends.
With this help he was able to make his first order of cheese. Kiln was running the business and living on credit cards and didn’t had the required money for his first investment. According to e IT en Ana total me Tanat en was going to s tart tens Dustless I would nave asked n to reconsider because a part of his initial shipment got ruined and he lost his storage facility. This business has a great scope and opportunity after he decides upon product line expansion, website creation and earning more money out of the business.
It is very impressive how he started his business from nothing to something and I am very sure that he will pay of his debts with friends.
Considering that he sells his cheese now for $2 per pound he will gradually be able to increase the price because by that time he will have loyal customers for his brand who will buy it even if the price is a bit high. According to me if he wants to expand his business he can do so by gradually increasing the price of the product which will help him expand and pay off his loan quickly.