Prem’s journey from an uncertain graduate to a thriving entrepreneur was shaped by the focused support of United Way Hyderabad empowering youth through entrepreneurship and skill development. With training, mentorship, and financial assistance of Pritesh Kamble, Director Rainbow Roots Foundation, Prem gained the knowledge, confidence, and independence needed to build a sustainable business. His transformation underscores the role of inclusive initiatives in enabling young individuals to overcome barriers and create lasting change for themselves and their communities.
The crossroads of ambition: Prem’s early struggles
Prem Shinde, (name changed) a young man from Pune with a BSc in Agriculture, dreamed of financial independence. Yet, like many graduates, he faced uncertainty about his future. With limited job opportunities and growing responsibilities, he stood at a crossroads, unsure of his next step but determined to carve his own path.
Navigating the storm: Entrepreneurial Struggles
Prem’s entrepreneurial journey quickly exposed him to harsh realities. Customers were scarce, often comparing prices with larger suppliers. Earnings fluctuated, making planning difficult. Some days, he earned enough to move forward; other days, he could hardly cover his expenses. Inventory management was his biggest challenge—misjudging demand led to shortages or unsold stock. Suppliers wanted payment first, but customers asked to pay later, making money tight. When sales were slow, he wondered if he had made the right choice. Despite setbacks, Prem refused to give up. Each struggle became a lesson, pushing him to negotiate better deals and build customer trust. He worked tirelessly to understand the market, knowing determination was his only path forward.
Bottom of Form
In March 2024, Prem took his first step into business, distributing wheat flour. His monthly earnings from wheat flour distribution were around Rs.12,000/- barely enough to sustain himself. However, the journey was far from smooth. Each step came with its own set of challenges. He faced numerous obstacles, from financial difficulties to managing his time and resources effectively. He also encountered the harsh realities of entrepreneurship—irregular customer flow, inconsistent earnings, and inventory shortages.
Turning challenges into opportunities:
What transformed Prem’s business trajectory was his engagement with the CYDA. Recognizing his potential, CYDA provided him with specialized entrepreneurship training that equipped him with essential skills in business management, financial literacy and online marketing strategies. This intervention marked a significant turning point. The training not only provided practical knowledge but also introduced him to a community of like-minded individuals who shared his ambition and drive. For the first time, Prem felt empowered with the right tools and a support system to navigate the complexities of entrepreneurship.
The power of knowledge and financial support was significant. Additionally, Rs.10,000/- financial backing from CYDA enabled him to make strategic investments in his business, purchasing essential materials and expanding his offerings. With the guidance, he pivoted to a mess business, supplying 20 tiffins daily, which now generates approximately Rs.50,000/- per month. This financial boost proved to be a game-changer, demonstrating how small but meaningful support can significantly impact a young entrepreneur’s success.
Beyond business: A shift towards Independence
Prem’s journey is not just about financial success; it’s about personal transformation. Initially reliant on family support, he now manages his business independently, covering all his expenses while saving for future investments. The confidence and self-sufficiency he has gained extend beyond business, shaping his outlook on life and ambition for further growth.
A message of inspiration:
Encouraging the next generation reflecting on his journey, Prem expressed immense gratitude to CYDA, acknowledging how their unwavering support and training played a pivotal role in his achievements. His story stands as a beacon of hope for young individuals aspiring to break free from financial uncertainty and build something of their own.
Key takeaways for aspiring entrepreneurs
- Perseverance pays off – Initial struggles are part of every entrepreneurial journey, but resilience and adaptability lead to success.
- Education beyond the classroom – Practical business training and mentorship can be more impactful than formal degrees.
- The power of community – Engaging with like-minded individuals and supportive networks accelerates growth.
- Strategic Financial Support Matters – Even small investments, when used wisely, can lead to exponential growth.
- Transformation is Holistic – Entrepreneurship is not just about financial gains but also about personal and professional empowerment.
Empowering youth through entrepreneurship
Prem success story underscores the transformative power of determination, knowledge, and community support. His journey from a struggling distributor to a thriving entrepreneur highlights how initiatives like CYDA’s training programs play a critical role in empowering youth. His story serves as a powerful reminder that with the right guidance at the right time, anyone can turn their dreams into reality. For those standing at the crossroads of uncertainty, his journey proves that opportunity lies in taking that first bold step.
