- Date: 06-December-2022
- Venue: Online
- Organizer: UTM
- Category : entrepreneurship
- Type: entrepreneurship talk
- Role : Participant
Mohammad Abu Taher's journey as an entrepreneur, particularly in the sports and fitness industry, reflects several key fundamentals that contribute to his success. Here are some insights based on the provided information:
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Identifying Opportunities: Abu Taher's entrepreneurial journey began by recognizing a gap in the market. He observed a lack of focus on sports and fitness in the electronics-dominated market and decided to shift his business focus to cater to the growing demand for sporting goods.
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Passion and Dedication: Abu Taher's passion for sports and fitness played a crucial role in his success. His dedication from an early age, coupled with a strong work ethic, helped him overcome challenges and build a successful business.
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Risk-Taking: Abu Taher demonstrated a willingness to take risks by being the first to sell fitness products through a large outlet in stadium premises. This pioneering move showcased his confidence in the market potential and set Sports House apart from competitors.
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Quality and Customer Service: The success of Sports House can be attributed to its commitment to product quality and excellent customer service. By focusing on these aspects, Abu Taher built a loyal customer base and established Sports House as a trustworthy brand.
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Diversification: Abu Taher expanded his business by moving from a local wholesaler to a retail and online business. Diversification into different areas, such as collaborating with the army and police, delivering goods to gyms, and establishing an online presence, contributed to the company's growth.
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Community Engagement: Abu Taher's involvement in various community and sports-related organizations, such as being the President of Moheshpur Progoti Shonggo Club and Senior Vice-President of Bangladesh Sports Goods Merchants Manufacturers & Importers Association, indicates a commitment to community engagement and industry development.
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Visionary Leadership: Abu Taher's leadership is evident in his role as the founder of multiple enterprises and his involvement in various leadership positions. His visionary approach, as seen in the establishment of World Sports and Sayem Enterprise, reflects his ambition and strategic thinking.
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Adaptability: The ability to adapt to changing market dynamics is crucial for long-term success. Abu Taher's decision to import products from Taiwan and China, introduce EMI services for affordability, and expand the business's reach through online platforms demonstrates adaptability to evolving consumer preferences and market trends.
In conclusion, Mohammad Abu Taher's success as an entrepreneur in the sports and fitness industry is a result of a combination of factors, including vision, dedication, risk-taking, and a commitment to quality and customer satisfaction. His journey serves as an inspiration for aspiring entrepreneurs seeking to navigate and succeed in competitive markets.