Without change there is no innovation, creativity, or incentive for improvement. Those who initiate change will have a better opportunity to manage the change that is inevitable.
William Pollard
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Richard's name was also included in these employees, when Richard inquired from the Accounts Department, he was told that only the amount deposited in his fund would be given to the retired employees in this manner.
There was a worse day for poor Richard and the countless employees who were kicked off due to this layoff. But no one could object to this because their service contracts were made like this. All the fired employees were sent off after giving 3 months' salary and checks for the amount deposited in the fund.
Now the biggest question before Richard was where would he meet the expenses of his family. In 15-16 years of service, he had not even saved so much money that it could be spent on household expenditures. Drowned in despair, Richard was taking advice from his friends, because he knows that at this age he was not going to get any other job now.
Like Richard, one of his co-workers, Ruby, was also fired by the company in this retrenchment. Ruby looked after the sales work in that company management and had a lot of experience in product selling.
When Ruby met Richard, Richard was in a state of complete despair and desperation, he told Ruby how they will take care of our family now, and where will the money come from for the expenses. On this Ruby said to Richard that there is no need to be disappointed, we are humans, God has given us intelligence, and we have to take some positive step or some creative idea to move life forward. No one's life can go on by being hopeless.
she advised Richard why don't we start selling one product together in the market, in this work you will see the production and I will do the sales. Richard did not understand what both of them could make and sell. Then Ruby explained to him that look washing powder is a daily used item in every family, why don't we find out about its manufacturing techniques and sales, its production will not require much capital, some you give, some I Will invest, the remaining amount we will take a loan from the bank as working capital.
Hearing Ruby's so confident words, a ray of hope shone in Richard's despairing heart. Then taking to do this decision, both of them first rented a small office, sat in it and took information about the chemicals and machines used in washing powder through the internet.
He came to know that manual machines to make washing powder if bought, would cost at least $2000 and his raw material would also come in at least $3000, thus the price of the powder he would make would be 50 cents per kilogram, and our product will be the as same standard as already available in the market
Adding labour, electricity and other expenses, its cost would sit around 55 cents and this product could be sold in the market for around 90 cents. Even if marketing commissions and sales expenses were added to this, a savings of 20 cents could be achieved on a one-kilogram pack. If we keep a target of 2000 kgs in the initial months, we will easily achieve it, and it will earn about $ 400, then as the sales increase, the earnings will increase.
You leave the worry of sales, Ruby said she will take care of everything and the small target we are thinking of, we will soon start achieving it.
Hearing all this, Richard's heart was also filled with happiness and his lost confidence was regained then he purchased machines and raw materials through the internet and started production, soon Ruby launched the product in the market and it was also liked by the customers.
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They kept the rates of their washing powder much lower than the market rates, and the quality of the powder was equalling to the popular powder already available in the market. That's why soon their products started getting established in the market and both of them got successful.