Radhakrishan Damani - Early Struggle Time Year 2000
NEW DELHI: Radhakishan Damani, the 61-year-old founder and promoter of retail chain D-Mart, was a legendary investor and share trader before he became a legendery entrepreneur. The stunning success of D-Mart is credited entirely to Damani. The public offer of D-Mart's holding company Avenue Supermarts today made a spectacular debut on BSE, as its shares got listed at a 102.14 per cent premium. D-Mart is valued at Rs 39,400 crore, more than the combined market capitalisation of its two biggest ri ..
Damani is a quiet man who keeps a low profile, but his winning traits are too evident to be missed. Below are his 10 approaches to business that led him to roaring success:
1. Keep an eye on the long term
Like Warren Buffett, Damani too has been a value investor who would take canny view of the long term. When he turned an entrepreneur, he retained the same approach and built D-Mart without relying on any quick shortcuts. For instance, he never leases property for his stores but buys it. In the long term, it saves him from a big rental outgo. This was a key factor behind the profitability of D-Mart.
Like Warren Buffett, Damani too has been a value investor who would take canny view of the long term. When he turned an entrepreneur, he retained the same approach and built D-Mart without relying on any quick shortcuts. For instance, he never leases property for his stores but buys it. In the long term, it saves him from a big rental outgo. This was a key factor behind the profitability of D-Mart.
Also read: Radhakishan Damani:Â ..
9. Avoid credit
Credit and delayed payments in retail business are risky because they can badly impact your supplies and costs. Damani keeps away from credit and pays sooner than his suppliers expect.
10. Let your work speak
Damani keeps a low profile which affords him total dedication to his work. His slow and silent rise in a depressed sector is a mark of his single-minded focus on work. He has rarely given an interview to a TV channel or a news ..
Credit and delayed payments in retail business are risky because they can badly impact your supplies and costs. Damani keeps away from credit and pays sooner than his suppliers expect.
10. Let your work speak
Damani keeps a low profile which affords him total dedication to his work. His slow and silent rise in a depressed sector is a mark of his single-minded focus on work. He has rarely given an interview to a TV channel or a news ..
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