LAUNCH Ashutosh Garg's book chronicles his foray into the pharmacy business
H ere's another one on the entrepreneurship route. Ashutosh Garg recently launched his book “The Buck Stops Here: My Journey from Manager to Entrepreneur” in the presence of the Chief Minister of Jammu and Kashmir, Omar Abdullah.
The book chronicles his attempts at building a chain of pharmacies in India, pointing out how the little things can make one's business a success or a disaster.
Citing an example from his own life, Garg recalled how he launched a store on a highway because he thought, being a busy area, it would give him more visibility.
It might have been a novel idea, but it didn't work because there was no parking space and, hence, nobody turned up.
“So it does tell us how small things are vital to make an idea a success.”
To sum up a life where he turned to entrepreneurship after being in a manager's role for 25 years, Garg, quite naturally, turned to the phrase made popular by former U.S. President Harry S. Truman — the buck stops here.
The event also saw a discussion on ‘The Indian Entrepreneur: Its Chances, Its Hurdles, Its Problems'.
The panellists were Atul Dhawan, regional managing partner (North), Deloitte Haskins and Sells; Bipin Chandran, editor of “Entrepreneur” magazine; Sunil Jain, opinion editor, The Financial Express; and the author.
The panellists spoke about how Garg set up 250 outlets of Guardian Pharmacy, and the number is increasing. Talking on competition, he said, “Pharmacy is a very vast field. Usually, when one goes to a chemist asking for six prescribed medicines, the chemist says he has three and not the remaining three.
We want to differentiate ourselves there.” The book, Garg says, will motivate more entrepreneurs to dream big.