A young boy with a dream of good job
Entering into the field of business and entrepreneurship, Mankaji Shrestha, the managing director of Bhawani Trade and Exporters, believes that the garment industry holds a bright future in it get a favorable and conducive environment. His mantras for success are planning ahead and knowledge of trade.
A young boy who had just completed his school education from his home district Nuwakot came to Kathmandu in 2000 searching for a good job to support himself. However, for a beginner to get a good job was a far cry so, he started working at a garment factory as a thread spinner. His curiosity and enthusiasm for learning made him work at different departments like cutting, packing, designing, etc. His curiosity and hard work paid off and he was promoted to the position of manager within three years.
With his experience he had gained as a manager and also his overall knowledge of running a garment factory, he started his own company, the Bhawani Trade and Exporters. As he is responsible for the overall operation and functioning of the company, his work is often difficult and challenging with the major problem being the difficulty of meeting deadlines. The employees do not follow the prescribed work hours and it delays the completion of order in time. Also, another problem is the credit mode of payment that is increasing these days in the field of export garment industry. Clients pay only 20 percent while placing the order and then pay 30 percent on delivery and they make full payment only after two or more months of receiving the goods while the staffs needs a regular pay. And also, while purchasing fabrics, payments should be made on time. Hence, there comes the difficulty in managing the finance as well. He relies on bank loans when it comes to solving financial crisis.
This young boy who came to Kathmandu with a dream of getting a good job, today, provides direct employment to 75 workers while around a total of 200 people involved in works like knitting, washing and dyeing benefits from his factory. He has plans to extent his services by employing 200 people for stitching alone. His company exports goods to US and Europe. He believes that this field still has a great scope if the environment is made favorable to the entrepreneurs and also that a person should have thorough knowledge about running garment factory (or any business) before they enter as an entrepreneur in one.