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Mr. M. Toseef is the current director of Venture Tools and from day one till up to now he has been performing the core duties of the business and ever since serving the business as production – in – charge. Mr. M. Tofique is a MBA in Marketing from U.K and currently Chief executive of Venture Tools and his duties entails sales, marketing, customer relationship management and also handling of the all financial aspects and statements of the company.
Venture Tools, as part of brief introduction they basically are manufacturing (Outsourced and Sub – Contracted) and exporting jewelers’ tools, watch maker’s tools, optical instruments and some part of dental instruments. Then 1999 Venture Tools registered and partially started the marking by writing letter to different firms. The company has worked with Pakistan Gem and Jewelry sector. This company is Govt. based and promoting people in this trade. Govt. of Pakistan brings on its self on behalf of Sialkot Exporting Processing Zone (EPZ), providing necessary facilities to the company in the form taxation duties relaxation, shipment accessibility through Airplane Cargo/Freight and German instructors/trainers for coaching and grooming the prospective companies and firms in this industry. When he require tools officials says buy from Germany he introduced and said there is one company in Pakistan who supplying tools in Germany and meet that guy in Germany many times. So the contact us and we supplied them tools. Pakistan Gems and jewelry exhibited in Thailand and we exhibited there twice successfully and one in Dubai. We both have been traveling for regularly for attending exhibitions all around the globe and also meeting with different customers.
Efforts behind success of Venture Tools:
• The business was informally and legally started in 1994, when Mr. M. Toseef went to Sialkot for training and gaining experience with his uncle for these specific kinds of tools. Before they started one of their uncles was already doing the same business and he asked Mr. M. Toseef to come to
This was the year 1999 in which the named the business Venture Tools. • In 1999 Mr. when entering the office they had received a fax from one of the wholesaler from Germany. in 1999 his uncle told and helped him to register their own company. which is usually held every year in March.April. also known as Edge Master and took for their first official and independent operations as a company.K for studying MBA. So in order to expand the customer base and for fulfilling the capital requirements of the business operations. Tofique went to Basel Switzerland to visit the largest exhibition of latest watches and jewelry. . It was first his first experience and even he wasn’t expecting to achieve hefty numbers of manufacturing and sales orders from clients and customers. the business had two customers under contract and permanently. both. recommendations and strong ties with customers. M Toseef) went to U.Sialkot and work with him to groom up the business and explore better opportunities for their business generating value for the business and customers. helped them out to pave their way. in 2000 during another visit to a exhibition being conducted in Europe. also known as Edge Master and learned all the technical aspect of tool manufacturing. Tofique went to Germany from U. he saw his future bright and sparkling and the job didn’t also engendered success and sufficient bread and butter for him too. • In 1996 Mr. They immediately responded to them and after acquiring details of the samples required by them from Pakistan and again in July 1999 Mr. Both of them tacked up together to engrave the foundation stone for their new upcoming business. Later on. after the official and usual business visit to relevant exhibitions in Europe in search of new customers/ clients. however by the end of 1998. only two clients for the business for not were not sufficient enough to run the business profitably and generate positive cash flows. one of their previous customer/client introduced them to another party/customer from Brazil and afterwards to another party from Tunisia and moving on with passage of time through these referrals. But by the end of 1999. Tofique (Brother of Mr. they need some strong and efficient wholesalers but unfortunately again it was only a dream for them. but with the passage of time due to increase in operations. requesting samples of their products. • Returning back to office. while studying he was also doing part time marketing job within a firm. He was learning under the roof of M/S Cutlers and Hammers. They started the business officially in Sialkot with name of Venture Tools.K for formal meeting with customer and finally got an order. so that they can officially and legally commence their business. expenses and expansion of business. engendering in expansion of their customer base. which was very astonishing for him. as he wasn’t expecting that much success in first exposition and interaction with clients.
If a worker makes a new design they encourage him to make some more samples of the new design. Mr. All the business knowledge was gained first before starting such a huge business plan. the business was almost at its peak. It is a big key to success for any entrepreneur if they have relative experience and qualification before jumping into execution of their dream business. then they send/take it to their customers and after their approval they start manufacturing it as per the order • Integrity & Reliability For all the manufacturing businesses the real deal is to manufacture products in proper quantities and deliver on time. Venture Tools claims to deliver on time always. Order fulfillment on time leads to client satisfaction and assures the customer retention. They always try to pick every opportunity which shows up and try to win before any other competitor catches their clients. Venture Tool's real brains always participate along with their employees to increase the variety of products by executing unique ideas. • Forecasting Business forecasting is a task which proves the true business analyst and entrepreneur.• In 2000. finally in 2008 they were able setup a new factory and now currently the operations are being performed in this new facility. • In 2001. Traits of successful entrepreneurs of Venture Tools: • Knowledge They have proper Training and experience in relative industry. returned back and started to work with brother Toseef. • Opportunity seeker . Tofique. as they had crossed their break-even point and the business was generating two times more profit than the break-even point set by the owners. in fact sometimes they dispatch their orders before due date. For this purpose. both have the intellect to cover all the aspects of their relative industry's ups & downs. After going through different phases. • Innovation Innovation is another big trait in any entrepreneur which leads to a major market success. Tofique. Toseef and Mr. They plan very carefully. Mr.
Today they are running a well established company. either at time of formation or at time of maturity. That is why Venture Tools' heads have their eyes on this plan. • Trust Trust in your dreams and company's vision should never lose its vitality. Tofique's personality. Hungry and Poland. They have such strong longing for their dream and that is the reason behind every business success. So they are Opportunists in literal meanings. Tofique lead Venture Tools in a right direction and that is the reason behind current success of this company. Toseef and his brother Mr. sometimes competition kills the opportunities and mostly company's financial position doesn’t let it work the way it should. The talent of catching the customers on time by using his marketing skills is present in Mr. For increasing their business market now they are thinking to capture the market of eastern European countries like Turkey. All these things can be overcome with a lot of strength and fighting spirit that doesn’t let you fall in hard times. It is a vital part of every business's life that it goes through really hard times at any point of its overall existence. and Mr. Venture Tools' genius owners had this patience and strength.Every business needs expansion in order to earn more. Trusts in one's decisions which are based on proper research are necessary. When a person decides to pursue his/her dreams then it is very important that he/she has got all the brains to plan properly and then execute these plans with help of strong strategies. Toseef clearly sticks to his dream throughout his company's formation till its current success. Above mentioned traits which were present in Mr. Greece. The traits of the business owner lead other employees of the company to play their part with passion and enthusiasm too. • Strength and Beliefs Every business faces lots of ups & downs. Hard work is the only key to success and we can learn it once again by looking at Venture Tools' owners story. Conclusion: Entrepreneurs are people who follow their dreams. . Every decision is made for fulfillment of that dream.
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