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BlackBerry Business Experience by Pak Edo
Jul 24, 2024
Lecture Notes: BlackBerry Business Experience by Pak Edo
Introduction
Pak Edo discusses the unique experience of entering the BlackBerry business.
Not everyone can join this exclusive business; it requires significant initial investment.
Regional Presence
The business in East Java is represented by Madiun and Surabaya.
Other regions involved include Bali, Sumbawa, Jogja, Solo, and Central Java.
Financial Performance
Historical monthly revenue reached up to IDR 700,000,000.
Decision-making point on whether to continue or discontinue the business.
Transition to Junk Business
Started in February 2011.
Initially involved in buying and selling used goods (junk business).
Significant focus shift to recycling bottles by May 2011:
Bottles like soy sauce, beer, and other beverage bottles were supplied to factories.
Utilized every part of the bottle (even broken ones) for different markets.
Employed pickup trucks for collection and delivery.
Scaling and Peak in Business
By 2014, fully penetrated the factory supply chain.
Business model involved detailed logistics for different types of bottles.
Realized significant profits (up to IDR 400 per bottle).
Challenges and Vision Shift
Recognized religious and ethical conflict with the business involving alcohol bottles:
Negative feedback and 'righteous' remarks from others.
Sought guidance from religious and business mentors.
Ethical and Financial Struggles
Made conscious decision to exit the business due to its immoral nature.
Faced substantial financial and emotional challenges in the transition:
Reduced employee count from 40 to a lesser number.
Sold off trucks and handled multiple loans.
Turned towards religious adherence and ethical business practices.
Starting Anew
New business in fresh produce (vegetables) post-transition:
Initially challenging with significantly lower revenues.
Moved from comfortable logistics to physically demanding market purchases.
Required learning and adapting to new business dynamics:
Shift from bulk sales to individual market transactions.
Growing the New Business
Emphasis on creating a comprehensive shopping experience for customers:
All essentials available in one place.
Cleaner, friendlier store environment leading to increased customer loyalty.
Leveraged technology (software) for improved management and customer service.
Challenges with Fresh Produce
Addressed perishability issues with creative solutions:
Developed creative divisions to handle less fresh produce—reselling as salads, juices, etc.
Future Vision
Expansion within Blitar with an aim for one store per village.
Highly focused on continuous system improvement before considering broader expansions.
Maintaining alignment with religious and ethical principles in business operations.
Aim to balance world business success with spiritual fulfillment.
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Full transcript