Dukaan Ka Kya Hua..? MJ Tech World Closed..🥲

Summary

The video script discusses the closure of the speaker's store, 'MJ Tech World,' which was opened to provide a meaningful occupation for his father and to offer employment to relatives. However, the lack of experience in managing a mobile store, the father's discomfort with the new business, and the speaker's inability to manage the store due to his commitments to YouTube and personal life led to its closure. The script also reflects on the lessons learned from this business failure and the decision to focus on ventures that require less personal involvement and can run autonomously.

Takeaways

• 🔥 The topic of the video is very popular among viewers, who have been asking about the status of the MJ Tech World store.
• 🛒 The store was opened mainly for the creator's father, who previously ran a bicycle repair shop but had no occupation after closing it.
• 💼 The creator wanted to give his father a place to spend his time productively and with dignity, managing the store.
• 😕 Despite a good investment, the creator's father didn't enjoy managing the electronics and mobile store, as it was outside his expertise.
• 👥 The store was managed by two of the creator's relatives, who lacked experience and skills to handle the business effectively.
• 👎 Customer complaints about the staff's poor service and lack of professionalism negatively impacted the business.
• 🔒 The store has been closed for the past three months due to the various challenges faced, including lack of experienced staff and management issues.
• 😭 Fans and customers visiting the store to meet the creator added to the chaos, as the creator couldn't always be present to meet them.
• 📉 The creator acknowledges the failure of this offline business venture and mentions the significant losses incurred.
• 💡 He plans to focus on businesses that can run on auto-pilot without requiring his constant attention, learning from this experience to make better choices in the future.

Q & A

What was the main topic of the video?

The main topic of the video was the closure of the speaker's store named 'MJ Tech World' and the reasons behind it.

Why did the speaker open the store in the first place?

The speaker opened the store primarily for his father, who used to run a bicycle repairing store, and to provide employment to his relatives who lacked experience.

Why was the speaker's father not comfortable in the new store?

The speaker's father was not comfortable because the new store was not related to his previous work in bicycle repairing, and he did not enjoy selling electronic gadgets.

What issues arose with the relatives working in the store?

The issues were that the relatives lacked experience in running a mobile store and were not able to manage the business effectively, leading to customer dissatisfaction.

How did the speaker's personal life and other commitments affect the store's operation?

The speaker's other commitments, such as managing two YouTube channels and personal life, left him with little time to focus on the store, which negatively impacted its operation.

What was the impact of customers expecting to meet the speaker at the store?

The expectation of meeting the speaker led to frequent visits and calls from customers, especially from distant places, which became a burden and disrupted his personal life.

Why did the speaker decide not to share the store's closure initially?

The speaker did not want to share the closure initially because he always tries to share motivational content and did not want to demotivate his audience with a failure.

What was the final decision regarding the store after the issues?

The final decision was to close the store, which had been done three months prior to the video, due to the various challenges and the inability to manage it effectively.

What were the financial implications of closing the store?

The financial implications included losses from the investment in the store's infrastructure, furniture, and inventory, some of which could not be returned or sold.

What lessons did the speaker learn from this business venture?

The speaker learned that he should not undertake a business that requires constant attention and does not suit his lifestyle, and that he should focus on larger scale ventures with better profit margins.

What is the speaker's future plan regarding business?

The speaker plans to think carefully and share future business endeavors with his audience, ensuring that any new venture will be something he can manage effectively without disrupting his personal life.