The eighth session on ‘Entrepreneurship Talk Series’ was conducted on April 26, 2020, at 3:00 pm. The speaker for the session was Mr. Santosh Pandey, the Cofounder of Offering Happiness. The topic of the discussion was “Startup ideas in Gift and Celebrations”. There were around 60 participants over the online zoom session.
Mr, Santosh started the session by briefly sharing his experiences of starting a business venture on his innovative idea. The gift sharing industry was a completely new industry in the context of Nepal and Mr. Santosh had to face lots of problems to sustain and continue his business. He started his business from ground level and developed the basic foundation of the business.
As business was a complete new field for Mr. Santosh, he faced various problems such as lack of funds to meet operational cost, lack of proper mentoring, lack of promotional activities and marketing. After winning the Global Student Entrepreneur Award he got various mentorship and ideas for scaling his business through various international resource persons.
Having the supportive team and proper guidance from a mentor, Mr. Santosh was able to take his business to the next level by creating a gift/experience platform. He started adopting the crazy and innovative idea and concept of sharing happiness among the people by outsourcing with restaurants, partnering with various other businesses like bakery shops, movie hall and so on.
His business intended to change the behaviour of people from traditional gift giving culture to innovative and surprising ways of sharing emotion and experiences. He shared a beautiful insight that the gifting industry doesn’t deal with just physical gifts but it is attached to the emotional aspects of people. They give smiles, happiness and experiences to people. Personal gift, festival gift were the traditional gifting culture and now corporate gifting culture have been established in Nepal as well. He classified gifts into two categories i.e product gift and experience gift.
Upon being asked by a participant regarding the major learning from his entrepreneurial journey he said that the main focus for any business should be to make a strong foundation with efficient team members. He shared that business people should learn from the mistake they make in their journey and have patience to enact properly according to the situation.
Mr. Santosh concluded the session by motivating the participants that if they have hope within themselves, then they can continue their journey and tackle every challenging situation. He also shared his belief that his gift and experience sharing company will be the industry leader in Nepal.
- By Sumina Pradhan
Sumina is the Program Assistant at BIC Startups, and a MBA 3rd Trimester student at Boston International College.