In 2018, Umar Bebak from Pantha Chowk, Srinagar, entered into a joint venture with a Delhi-based company to manufacture and sell car cleaning products in Srinagar. He had taken the leap after a training programme at the Entrepreneur Development Institute in the city. Bebak borrowed ₹10 lakh from a bank to set up a manufacturing unit, rented a shop for ₹10,000 per month and paid a security deposit of ₹2 lakh.
He manufactured polishes for car bodies and cleaners for windscreens. Owing to good early demand, Bebak hired 15 salesmen and paid each ₹12,000 a month plus five per cent commission. Things were looking up till the internet blockade. The effect it had on Bebak’s business is an intriguing case study, because it was almost entirely brick-and-mortar, except for one aspect—he stayed in touch with his customers through emails and WhatsApp.
Post the internet blockade, phone calls did not have the same effect as the discussions online had, and sales plummeted. Six months on, Bebak, 24, has not been able to pay his staff and has also become a defaulter. He travelled to Delhi to mend things with his partner company, but his staff did not wait for his return. They quit, leaving his once thriving business in a shambles.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The female act
The 19th edition of the Qadir Ali Baig Theatre Festival was of the women and by the women
A SHOT OF ARCHER
An excerpt from the prologue of An Eye for an Eye
MASTER OF MAKE-BELIEVE
50 years. after his first book, Jeffrey*Archer refuses to put down his'felt-tip Pilot pen
Smart and sassy Passi
Pop culture works according to its own unpredictable, crazy logic. An unlikely, overnight celebrity has become the talk of India. Everyone, especially on social media, is discussing, dissing, hissing and mimicking just one person—Shalini Passi.
Energy transition and AI are reshaping shipping
PORTS AND ALLIED infrastructure development are at the heart of India's ambitions to become a maritime heavyweight.
MADE FOR EACH OTHER
Trump’s preferred transactional approach to foreign policy meshes well with Modi’s bent towards strategic autonomy
DOOM AND GLOOM
Democrats’ message came across as vague, preachy and hopelessly removed from reality. And voters believed Trump’s depiction of illegal immigrants as a source of their economic woes
WOES TO WOWS
The fundamental reason behind Trump’s success was his ability to convert average Americans’ feelings of grievance into votes for him
POWER HOUSE
Trump International Hotel was the only place outside the White House where Trump ever dined during his four years as president
DON 2.0
Trump returns to presidency stronger than before, but just as unpredictable