Dhandho investor ama full#
As a result, he has higher occupancy and is making Super-normal Profits.ĭahyabhai takes full time job then According to him, calculated his annual salary is $6,000 and Annual Living Expenses which is about $5,000 per year but if he buy 20- room mortal at distressed price of $50,000 with about $5,000 in cash which is borrowed from his friend and rest financed by banks still he is going to make 400% Returns. To save all this expenses he decided that not to hire any people, his family will do all this work which helps dahyabhai to achieved Lowest operating cost for Mortals and also enables to offer lowest nightly rate. Have to provide laundry services, plumbing services, maid, electrician Etc.To run the mortal it needs following things to be done which are as follows: To settle his family, he need to pay rent or to pay mortgage on his house but 20- room mortal saves his rent cost. How did Patels people achieved lowest operating cost among their peers?ĭahyabhai came in USA in 1970s, he has seen 20- room mortal on sale at what appears to be very cheap and start thinking. At same time, Patel people see opportunity in motel businesses. Many Small motels were foreclosed by banks or went on sales at distressed prices.
In recession period, we see hug drops in occupancy. Why did patels who entered the United States go into the motel business?Īnswer is Generally, Motels are heavily dependent on discretionary spending. We have seen that low risk, High return approach to business taken by patels.
Dhan-dho, literally translated, means “endeavors that Create Wealth.” Dhandho is all about the minimization of risk while maximizing the rewards. Dhandho is a Gujarati word in that Dhan Comes from the Sanskrit root word Dhana meaning wealth. It is very amazing that over half of all the motels in the entire country are owned and operated by patels. I am going to share some insights about Patel’s businesses and strategies and how does their strategies can be applied in stock market to achieve outstanding Returns.
I got amazing book called The dhandho Investor written by Mohnish Parbai. Many of my friends are patel those are Super rich and I always dreaming and try to find out Business strategies they applying in their business which made them super rich.
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