How I Lost ₹30 Crores In A Year? - Biggest Business Learning | Prashant Desai | Raj Shamani Clips

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🎞️ This Is A Clip From Figuring Out Episode 206
Watch The Full Episode Here - • Big Bazaar Failure, DM...
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Featuring - Prashant Desai
In today’s episode of Figuring Out, Prashant Desai the longevity sherpa joins Raj Shamani for a conversation. He has studied at Stanford School of Medicine and Harvard Medicine School. After an overwhelming response on our last podcast with him, in this episode, we delve into his journey with top Indian personalities like Rakesh Jhunjhunwala and Kishore Biyani. Prashant shares how he grew from poverty and met Kishore Biyani and the mindset that led Biyani to create brands like Big Bazaar and Pantaloons, sharing valuable business lessons. He also discusses his encounter with Rakesh Jhunjhunwala and his unique qualities. Prashant further talks about the failure of his startup, and lessons learned, Biyani's market cap growth from 52cr to 2200 cr, his downfall, and memories of Jignesh Shah and Jhunjhunwala's wealth creation. Don't forget to subscribe for more episodes.
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About Raj Shamani
Raj Shamani is the Founder Of Figuring Out Media. He's an Entrepreneur, Content Creator, Investor, and a Renowned Keynote Speaker. Raj has emerged as one of the Youngest Influencers in the Indian creator economy.
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About Raj Shamani Clips
Raj Shamani Clips is your one-stop destination to become 1% smarter every day. This channel will help you grow daily so that you live and love better. We are on the mission to help everyone achieve their ‘Indian Dream’ through Figuring Out. We promise you that you will learn new things around business, marketing, politics and everything around India. Subscribe to our channel and grow with us.
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Опубликовано:

24 май 2024

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Комментарии : 74

@rodrick888 Месяц назад

Successful people never tell u the exact key of success , but u can always get the exact key of failure 4m a failure

@kishoreyalamanchili3897 28 дней назад

Respect for his Honesty and Humility

@rohitmadashri7250 Месяц назад

He keeps saying arrogance which is a wrong word here. He was ambitious and dreamed big. Nothing wrong with it. His venture didn't work out despite good feedback from qualified businessmen and lot of research and passion and hardwork. His failure is a matter of faulty strategy of not going online for a while or not having deep pockets to run the show like Jio or simply bad luck. I see it as positive and nothing terrible he's trying to make it sound. Of course he lost 39cr, but thats the risk every business takes.

@eternal-n-blessed Месяц назад

Brother for experience i am saying arrogance does happen to people happened to me as well, in the pursuit of making money fast we tend to commit mistakes and then they comeback to haunt us

@dilsere1775 Месяц назад

Arrogance is the right word. My first business was a super hit and I became arrogant and then my next 3 businesses flopped for one reason or the other. Now I am running my 5th business successfully. I can feel what Mr Prashant means by saying "arrogance"

@sahilkangane7982 29 дней назад

I think he knows what he's saying just because it doesn't sound good or pleasant that doesn't mean that he doesn't know what he's saying 👍🏻

@Upsteps 28 дней назад

@@dilsere1775what business you're running bro

@bestvalue2710 Месяц назад

It's not Arrogance, it's part of life Journey. Atleast he tried, failed. It's much better than people who don't do anything. Sometimes it Clicks.

@732anoop 7 дней назад

Even I felt the same.

@himatsinghchaudhari2909 Месяц назад

Bravo this is a TRUE Gujarati business man.Accepting failure with humility ❤ But move on and ટ્રાય something new, Never loose home.

@jvb8035 Месяц назад

Truly genuine guy

@mayankgupta3311 5 дней назад

he was not at all arrogant - he was getting positive intutions from everywhere

@doncorleone3901 Месяц назад

Most companies fail because they run out of cash before the product takes off. Either have huge investors (ex: jio, indigo etc) or start small. In this case he should have stuck to online format until the business could stand on its feet

@debiprasadpraharaj528 Месяц назад

Kash ye podcast tab hua hota to D5 brand audience samajh pati but still you have the kid inside you ....D5 loss story won the heart

@keepwalking81 Месяц назад

This guy is a warrior, can win many wars.

@TheLegendSpeaks Месяц назад

U did everything right, position, product , etc.... It was just the impatience to earn 10x backfired.

@aasmaaa123 29 дней назад

What an amazing experience sharing 👏👏

@nayaneshmore9647 27 дней назад

So much of learnings.. loved it❤

@abhijits.g.6037 28 дней назад

Hailed from a poor family, but resided in Camac Street in Kolkata, where property prices happens to be the highest.... 😂😅

@nomenchakra1600 29 дней назад

respect for honesty. I m nobody to judge u.

@ashisrout383 Месяц назад

Very informative ❤

@kshitij5451 9 дней назад

Once I had that yellow shoes which H. P is holding in your thumbnail

@rohitrajkumar1234 Месяц назад

Read the book but this clip is very informative.

@skmukhtarrahaman8899 28 дней назад

wow what a informative video.. Their are so many things to learn from loosers than winners ❤ He may have lost money but won alot if experience that nobody has

@shrini04 5 дней назад

Hindsight vision is 20/20. His simple analysis is good for story making will support his book sale. However, there will be other important dimensions as well. Hope his books covers all those aspects. He appears to be a good story teller.

@wheatecho4361 6 дней назад

Arrogance is the right word here, because of a mix of (hurry, lack of experience, unwilling to take advice from experienced investors, wishful thinking). Dreaming big is not wrong; but effort & patience needs to be enormous to match the big dream

@chandrachurniyogi8394 Месяц назад

anticipation & reality are two different things altogether . . . initially he could have limited his sales only to online retail like Amazon & Flipkart . . . observe how good his product is selling in the market . . . could have priced his sneakers more competitively between Rs 1,200 & Rs 3,250 a pair . . .

@dskalantri Месяц назад

यश ओर अपयश, जीवन के अभिन्न अंग है. आपने आपका नुकसान भर लिया, परमात्मा आपको यश दे.

@debabhishek 28 дней назад

it requires very special character to talk like this.

@sampathraj9856 21 день назад

Think for 10year plan go slowly slowly then brand will be built.

@americaksushantkinazarse5747 16 дней назад

Hi Raj, I have been following your channel for quite some time, your channel has a lot of potential . I have a few suggestions for you, first of all please groom yourself, you need to get braces, if your hair is thin, grow it and tie a ponytail, get a facial and get your eyebrows done. You need to look a lot more presentable than what you look right now.

@alamgirkhan4311 23 дня назад

No it was not arrogance it was belief he had with his passion, and it was missed fire but no issue

@weenkygg4454 27 дней назад

Sir I think you lost 39 crore but you had a great experience and that is the most important

@amitbrahmo 25 дней назад

He himself says big brands were not built overnight; it took them decades to build their reputation. He was in tearing hurry to multiply 30 CR into 300 CR, without any background in the business. You always have to work on your strength nit on alien fields where one doesn't have any experience. Brands are built in an organic way not by fits and starts. Be that as it may, myriad lessons can be learnt from this story. Similarly Kishore Biyani tried to do too many things at a time, he got too ambitious. He was a king in retail and see where he stands now. Play on your strengths. Don't try to jump steps while climbing a staircase. Pant toh fatega boss.

@bhushankamble1480 19 дней назад

Fantastic 👏win loss regain

@gyaniadmi2347 Месяц назад

The product was bad in many ways, the name D:FY does not sound appealing, neither was the designe and the logo was stupid. In India these Business people dont know how to create brands . Brands need to be created not by what is trending now but in the future

@dilsere1775 Месяц назад

मैंने नाम भी नहीं सुना था D:FY का इस पॉडकास्ट से पहले

@mudasirahmad7558 15 дней назад

Love to this vedio

@mrr5358 Месяц назад

Real experience

@diinesh8 3 дня назад

How To move on Youth must listen

@subh2173 Месяц назад

High ambition kill his hard earn money

@rajeshpillai1367 20 дней назад

Archivers curse is a very new thing😮

@syamkrishnan5433 29 дней назад

Bhai labour cost cheep productiin cost cheep so no need of marketing cost

@PD2603 7 дней назад

Look wise it seems to be below 1K shoes, pata nhi kaun nike, NB wala designer tha.

@aa066942 11 дней назад

What was the brand name ?

@americaksushantkinazarse5747 16 дней назад

The way you look right now, it seems, you just woke up from your sleep and started taking interview.

@komalsinghh5567 28 дней назад

3 lakh account mein aur golf bahot khelte thaa.....1:40.

@rajeshpun5301 22 дня назад

Loss could have been avoided if you would have consulted an expert astrologer before taking such a big risk.

@ujjwalchakraborty8840 10 дней назад

What was his brand name??

@pratikpatel3264 8 дней назад

Koe bhi successful insan jb tk vo successful nahi hota tb tk vo doubt me hi hote he unki success k liye

@harinathdbhartiyan9434 Месяц назад

What happened to those shoes???

@protagonist4503 26 дней назад

Admi a6a tha.... Product bhi a6a tha...... Market nahi suna

@pratikpatel3264 8 дней назад

Har kisi ko koe na koe support milta he tabhi vo age ata he baki to vahi k vahi rehte he

@ET-si7rl Месяц назад

❤

@Pappuchafan Месяц назад

3 lakh 😢

@manishthunderbolt7082 13 дней назад

Mistake was putting all eggs in without even testing the waters with a pilot launch or trying online. He is stock market guy who tried his hand in retail and failed. Lacked knowledge of some basics (pilot launch testing) His network played a huge role in his bounce back.

@AbhishekKumar-hx9rg Месяц назад

Click bait....hardik pandya ki pic lagake.

@Randomuser00786 Месяц назад

Misleading hai thoda but sneaker bhi hai usme 😂

@Tradingwithsky4897 28 дней назад

He was not able justify his product value

@saranshsingla2041 9 дней назад

I used DFY clothing I still have one T shirt of dfy which somehow I found later in my collection feel sad this brand should have risen to some heights