How To Be A Millionaire? Its Common Sense Not MBA
The secret of a tenth pass Gujarati Man Achieving Millionaire Status in the United States is just “Common Sense, Not an MBA”
An X user named Sunil recounted the tale of his Gujarati acquaintance, who immigrated to the United States, established a Gujarati restaurant, and became a millionaire.
The American billionaire and PayPal founder, Peter Thiel, once famously declared that restaurants were the worst enterprises to invest in. According to Thiel, restaurants are an unattractive investment due to their slow growth, cutthroat competition, and poor wages.
However, for at least one Indian immigrant, the decision to establish a restaurant in the United States was a life-altering one that resulted in his becoming a millionaire.
The proprietor of an Indian establishment in the United States achieved substantial financial success.
While recounting the success story of his friend, who achieved entrepreneurial success despite only studying until the 10th grade, Sunil was comically rueful about his own master’s degree and habit of listening to podcasts.
Advantage of being a Gujarati:
— Sunil (@sunilavaria) August 18, 2024
Met a Patel friend who runs a restaurant in New Jersey.
He was in his late 40s and 10th pass. I am engineer with masters degree who listens to podcasts. 😂
I told him that Peter Thiel said that worst business one can do is open a restaurant.…
Sunil wrote on X, “I am a master’s degree-holding engineer who enjoys listening to podcasts. Recently I met my friend Patel who operates a restaurant in New Jersey. He is in his late 40s and had only studied till tenth.”
“I informed him that Peter Thiel had stated that the most detrimental business venture is to establish a restaurant.” The failure rate is extremely high, and consumers are highly unpredictable.
“He raised his eyebrows to contemplate when I mentioned Peter Thiel’s name.” It is evident that he is unaware of Peter Thiel’s identity.
This is s success tale of an immigrant. Sunil elaborated, “He believed that establishing a restaurant was a quick and easy path to becoming a millionaire.”
Patel told Sunil that he has a minimum of 50 families who are consistent customers. The Gujarati entrepreneur refuted Thiel’s assertion that restaurant customers are unpredictable, stating that if his cuisine is deficient in salt on a particular day, his customers will request additional salt. This may not be deterrent factor for his patrons to stop coming to his restaurant.
Patel also explained the benefits of a prime location in the restaurant industry. His own establishment is situated in a strategic location on the route to a well-known temple in the Robinsville municipality of New Jersey.
“A significant number of Gujaratis from New York and Pennsylvania utilise tourist buses to travel to the Swaminarayan Temple in Robinsville.” While travelling to Robinsville, they pause at his restaurant to indulge in a delectable Gujarati thali. Sunil elaborated, “That equates to 50-75 passengers per bus.”
He clarified that his friend simply needs to rise up every morning, prepare dal, chawal, roti, sabzi, and dhokla, and in ten years, he will be a millionaire.
“That is your tenth pass.” Sunil concluded, “Common sense, intuition, and the capacity to take calculated risks are all that is required.”
His post has garnered more than three lakh views on X, indicating that it has gone viral.
“The majority of educated individuals are ensnared in analysis paralysis, anticipating the ideal beginning.” Ram Joshi, an X user, stated, “Success will ensue if we concentrate on the fundamentals and persist in our efforts.”
Positively. A friend who, following his termination from a software developer position at a broking firm, established enterprises such as public launderettes and small stores. Another individual stated that he had earned more money than he had previously.
