Curso Básico de Empreendedorismo 1 - Banco do Povo Paulista

Summary

This transcript tells the inspiring journey of an individual who began working on the streets, selling various products to survive, including honey, peanuts, and snacks. Despite hardships, including lack of credit and financial instability, they eventually purchased a small business with a loan. Over time, the individual expanded the business, gaining trust and support from both customers and suppliers. They achieved success by working hard, leveraging credit lines, and securing loans with the help of a local bank. The story highlights perseverance, the power of community support, and the importance of seizing opportunities to grow a business.

Takeaways

• 😀 The speaker started their career working in street vending, selling items such as mosquito nets, honey, peanuts, and other small products.
• 😀 They faced significant challenges, including lack of credit and financial resources, which made it difficult to establish a stable business.
• 😀 The speaker initially worked in various locations, including beaches and markets, always adapting to different circumstances to earn a living.
• 😀 They struggled with trust issues in the community, as many did not believe in their ability to succeed due to their lack of formal business experience.
• 😀 A key turning point came when the speaker was able to secure a loan through the Bank of the People (Banco do Povo), which helped fund their business and purchase inventory.
• 😀 Despite early difficulties, the speaker's business gradually grew, helping them gain trust and credibility in the market over time.
• 😀 The speaker started working from humble beginnings, often sleeping in the same space as where they worked, showing the level of dedication they had.
• 😀 Over time, the speaker learned valuable business skills, such as inventory management, sales, and customer service, which helped improve their operations.
• 😀 The importance of community and local support played a crucial role in the speaker's ability to sustain and grow their business.
• 😀 The speaker expresses gratitude for the financial assistance received from the Bank of the People, which allowed them to formalize their business and continue to expand, with hopes for future growth.

Q & A

What kind of work did the speaker initially do in their life?

The speaker initially worked on the streets, selling various products such as mosquito nets, honey, peanuts, and biscuits. They also worked selling snacks at the beach.

What led the speaker to buy a small business?

The speaker observed a bar where people were entering and buying, which seemed like a good opportunity. Eventually, they decided to purchase a business for 5,000 reais, financed by a loan and personal savings.

How did the speaker manage their living situation after buying the business?

After purchasing the business, the speaker lived and worked in the same place, sleeping on a mattress in the small workspace. They did not have a proper home at the time and continued working hard to improve their situation.

What challenges did the speaker face when they started the business?

The speaker faced challenges such as lack of credit, difficulties with suppliers, and a lack of trust from others in their ability to succeed. They also struggled with not being well-known in the area and having to work long hours with little support.

How did the speaker's relationship with suppliers help their business?

The speaker's relationship with suppliers was crucial. A supplier trusted them and helped by providing a loan through the 'Banco do Povo,' enabling them to purchase stock and improve their business. This was a turning point for the speaker.

What advice did the speaker receive that contributed to their success?

The speaker received advice from a supplier who recommended getting a loan from the 'Banco do Povo,' which allowed them to invest in the business. The supplier also provided personal assistance by acting as a guarantor for the loan.

How did the speaker manage to gain credit and expand their business?

The speaker was able to gain credit by successfully repaying an initial loan, which allowed them to qualify for larger loans in the future. They used these funds to purchase goods and expand the business, eventually achieving a more stable financial situation.

How does the speaker feel about competition in the market?

The speaker does not fear competition. They believe there is room for everyone to succeed and that a business owner's involvement and oversight are crucial to success. The old saying 'the owner's eye fattens the cow' is something the speaker strongly believes in.

What role do the employees play in the speaker's business?

The employees are essential to the business. They handle various tasks, such as managing the cash register and ensuring the shop is stocked with goods. The speaker values having trustworthy and competent staff, as they help maintain the business smoothly in their absence.

What is the speaker's vision for the future of their business?

The speaker's vision is to continue growing their business, improving its infrastructure, and increasing its capital. They plan to use loans from the 'Banco do Povo' to reinvest in the business, aiming to become even more successful.