How you define the term ‘profit’ in terms of the changes that Hussain adopted to move one business to another?

Topics: Book, Bookselling, Printing Pages: 2 (886 words) Published: April 21, 2014
Question 8: How you define the term ‘profit’ in terms of the changes that Hussain adopted to move one business to another? The term ‘profit’ that Hussain earned when he changed from one to another business is the result of success as he willing to take chances and risks. He started from zero and his creative business minds be the ladder of sucess to him. A lot of challenge that he had faced make he became a great entrepreneur nowaday. He had struggled very much to expand his business in other word to change and overcome his miserable circumstances. We can see the ‘profit’ that Hussain gained from his small business as chocolate’s hawker to became an entreprenuer is started with his first petty step. He started the business with selling chocolate at the market for the beginning of his business is because he want help his family. As the bread earner replaced his illness father, he must search income to support basic needs of the family. He is lucky because although oman’s economy grow at thelower level those day, his small business still growing faster. But, due to the rising price index, he had difficulty to make ends meet. This difficulty had bring him to another business which gave him more profit than the profit of chocolate sale. He found a new avenues in business by started selling book. When he made a comparative analysis between the two product, chocolate and book, he realized that the percentage profit he gained by selling a book is very high than selling a chocolate. He use this good opportunity to change his business from a chocolate hawker to become a bookseller. So, he gained more profit. From this changes, we can see the ‘profit’ that he had gained by changing the product. Then, Hussain not longer selling chocolate. He focused to the book sale. He had found a new way of a profitable business by selling book. But, he faced difficulty to bring many book everyday and return with them the next day. This situation leads him to find the alternaltive to...
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