Name: Siva Kumar.R Qualification: B.E Age: 28 Shop name: Jai Jaya Jewels General Questions 1.

What inspired you to become an entrepreneur? Ans: I always wanted to do business, as my family was into business and they used to share stories of his success and failure, I was thrilled to start up my own shop and employee people. 2. Are you feeling comfortable in your business? Ans: yes I feel comfortable in doing my business since, this business is my family business I have enough knowledge in it. 3. As a successful entrepreneur what would you like to share with young entrepreneurs? Ans: He/ She should be bold enough to start the business and should not think about winding up the business and the main quality of an entrepreneur is to manage the risk factor happens in the business. 4. Can you tell any funniest/serious thing happened in your shop with customers? Ans: This is a jewelry shop many customers used to bargain the price in wastage. Funniest things have not been happened but sometimes some customers use to bargain a lot even in small jewels. 5. How are you so Unique to withstand in this jewelry business when compared to the other shop? Ans: In this area there are totally 279 jewelry shops. We have some different strategies like relaxing the wastage/making cost for jewels like special wedding orders and exclusive leg rings. 6. Do you like to include any partners in your business? Ans: NO. As I told you earlier this our family business and we follow our own business strategies among ourselves.

HR department: 1. At what age you have started the business? Ans: At the age of 20 I started my jewelry shop. 2. What is the year of starting your business? Ans: In 2006 we started our shop. 3. Do you have any work experience? Ans: I dont have any work experience separately. 4. Basically are you from business family? Ans: Yes. Ours was a jewelry business initially we use to make only the ornaments and sell it to the dealers and now we have started our own shop. 5. Did you face any problem? (i) Before starting the business? - No (ii) While starting the business? - Yes, When shop was started I was doing my under graduation and I couldnt manage both simultaneously. (iii) After starting the business? Yes, Rate Issues and Competitors. 6. What is the current status of your business? Ans: I can find a gradual improvement in my business after a long study and a maximum hard work which I have put up on my business with a complete dedication. 7. Do you like to diversify your business? Ans: NO. Because it is our family business and I would like to deliver my contribution for the future betterment 8. How many employees are there in your shop? Ans: 2 employees currently. 9. What are obstacles that you find in your family side? Ans: I could not be in time everyday and could not spend time with my family. 10. Do you have any other interest rather than business? Ans: Yes, I recreate myself in gardening when I get some leisure time.

Financial department: 1. What is the Financial source for your business ? Ans: Bank loan- 18 lakhs Pledging of land 10 lakhs Family support 40 lakhs 2. How do you fix the price for the ornaments? Ans: As per the government rate grams price are fixed and then making charges plus wastage charges will be added with it. 3. From where do you purchase the gold? Ans: From State Bank of India as Golden bars and made we make jewels to satisfy costumers.

Marketing department: 1. Who are the major competitors? Ans: GRT, Joy alukkas, Bhima jewelry, Thanga mayil jewelry and nearby local jewel shops. 2. Do you make Promotional activities like media advertisement or campaign? Ans: we dont give advertisement for our shop but we impress costumers by our valuable services and by giving attractive gifts like wallets, jewel box and so on. 3. Do you have any plan to open any other shop? Ans: yes within 2 years we will be opening a jewelry shop in Ramanathapuram and Theni.