We continue the conversation with Shahrukh, who runs Island Car Rental & Leasing, about the struggles of a family business and how one can face disruptions in the market. How do small family businesses compete against bigger players? Are there times when you should take a step back?
1:28 – How long were you working every day? [Arshvyn]
2:16 – Family business dynamics. [Shahrukh]
3:10 – Decision maker. [Shahrukh]
4:55 – Why continue growing? [Arshvyn]
7:40 – Achieving goals. [Shahrukh]
8:24 – Processes. [Shahrukh]
9:10 – How did your role change? [Tahmid]
9:59 – Horizontal expansion of services. Selling cars. [Shahrukh]
12:25 – What happen when Grab and Uber entered the market? [Arshvyn]
14:30 – Everyone wanted their business. [Shahrukh]
15:30 – How many car rental companies are there in Singapore? [Tahmid]
18:21 – We decided not to play the price war. [Shahrukh]
21:06 – Going up against electric car rentals and technology. [Shahrukh]
22:20 – You win some, you lose some. [Shahrukh]
27:57 – Know your own market. [Shahrukh]
Join us as we hold candid conversations about the above and navigate the starting points of Sales and Business.
Spotify: https://spoti.fi/34kd12w
Apple Podcast: https://podcasts.apple.com/sg/podcast/mind-your-business-sg/id1608665230
Instagram: https://www.instagram.com/mindyourbusinesssg/
Hosts:
Tahmid Nasif : https://www.instagram.com/tahmzup/
Arshvyn Prakas: https://www.instagram.com/arshvynprakas/
Guest:
Shahrukh Riza: https://www.instagram.com/shahrukhriza/
Island Car Rental & Leasing: https://islandcarental.com/
Brought to you by The Ochre Room : https://www.instagram.com/theochreroom/