‘Entrepreneur should have long-term vision’

Source: The Hitavada      Date: 01 Oct 2018 10:46:51


Business Bureau,

SPACEWOOD Furnishers Pvt Ltd has over the years given a stellar performance and built a strong brand image to emerge as the second largest furniture manufacturer in the country.  It is also the first company in the country which has attracted FDI in furniture manufacturing worth $14 mn from Sumitomo Forestry Group, Japan. Looking at their extensive operations and work culture the company received ‘VIA-Solar Vidarbha Udyog Gaurav Awards 2018’ in the ‘Medium Scale Industry’ category.

Entrepreneur should have a long-term vision to sustain business. Founder Director of Spacewood Kirit Joshi while speaking in a tête-à-tête with The Hitavada said, “An entrepreneur should have a different approach to life by thinking of achieving benchmarks and breaking records.” He calls an entrepreneur a person who has a broad responsibility towards everyone and everything. “Entrepreneur should never be speculative. He has to be concerned and take decisions with responsibility, accountability and look at the social aspect. As every decision affects employees, consumers, bankers and society,” he said.

Spacewood has converted every stone into a milestone by providing high end quality products, testing materials used in making products and offering valuable after sales service. It has a well equipped R&D centre at its unit in MIHAN. It has also put in place a well defined business model and structure where the brand name will continue for ages to come, he said.

In their entrepreneur journey, the founder directors of Spacewood Kirit Joshi and Vivek Deshpande have learnt their business lessons well by reading and acquiring knowledge and wisdom from influential personalities from across the world. With these weapons of knowledge they have set a long term vision to look beyond the stars.

Talking about the award, Kirit Joshi said that the award has been given taking into consideration growth rate of the company during the last three years, investments, green initiatives, women empowerment, skill development, safety and healthcare activities besides other parameters.
He said that over a period of time people will buy only branded furniture.

The unorganised furniture sector will have to offer something niche and innovative if it wants to compete and survive against the big brands.  They will be known for providing customised products only. “This transition will take place in India,” he said.

“The growth and development of Nagpur will get boost when companies start providing white collar high paying jobs to people. Currently, the Information Technology and other companies are mostly employing blue collar workforce,” he added.