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Biography of a failed venture : decoding success secrets from the black box of a dead start-up / Prashant Desai

By: Material type: TextTextPublication details: India Harper Collins Publishers 2021Description: 241pISBN:
  • 9789354229299
Subject(s): DDC classification:
  • 658.160954 DES-P
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Holdings
Item type Current library Collection Shelving location Call number Status Date due Barcode Item holds
Books Books BITS Pilani Hyderabad 650 General Stack (For lending) 658.160954 DES-P (Browse shelf(Opens below)) Available 45059
Total holds: 0

THE STORY OF A TRULY INDIAN SPORTS BRAND THAT COULD GO PLACES BUT FAILEDPrashant Desai was seven when he lost his father. Growing up in poverty, his single-minded focus was to become wealthy and successful. Ranking fourth on the all-India Cost and Works Accountants exam at the age of twenty-one, joining the corporate world and working with leaders such as Rakesh Jhunjhunwala, Kishore Biyani and Jignesh Shah was a dream run that Prashant enjoyed, one that very few could even imagine and achieve. in April 2017, Prashant Desai founded a venture to build the first truly Indian sports brand - D: FY. In six months, Rajiv Mehta, who started Puma India and led it for seven years, joined him as a partner. They opened seventeen stores in seven cities, riding on great aspirations and confidence. The business lost Rs 30 crore in thirty months, virtually wiping out all that Prashant had earned for nearly thirty years. The venture failed not because Prashant did not possess the necessary vision, determination and courage; it failed because the number of things Prashant did wrong exceeded the number of things he did right. One could weep over the fuselage or decode the black box. So, when Prashant decided to decode it, new possibilities emerged, revealing a treasure trove of success secrets. The Biography of a Failed Venture provides a brutally honest account of why D: FY failed and how entrepreneurs can avoid these pitfalls to make their business ventures successful.

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