Indian guy went to work in Dubai, and he struggled 15, worth tens of millions. Why did he go bankrupt at the age of 45?

There is no room for the body in my hometown, and no room for the soul in other places. So is the Indian boy Fasil.

Fasil was born in Kerala, a city with a suitable climate and coconut groves everywhere. Fasil's mother raised four children. He is the eldest son and the only son, and he is the pillar of the family.

At the age of 23, Fasil was introduced to marry a girl from a neighboring village.

Fasil is very satisfied with this new wife, because her skin is very white, and compared with Fasil's brown and black face, her skin color seems to be much more noble. You know, in India, people of high caste are all white.

After having his own small family, the burden on Fasil's shoulders became heavier. He had to work hard to earn money to support his family. However, Fasil, which is located in the remote area, works hard and has only a meager income. Because India is very close to Dubai, many people in the village have gone there to work, and a few have started their own businesses and become well-known bosses.

When a friend suggested Fasial to work in Dubai, his heart was tangled. Although it took only four hours by plane, it was a trip to a foreign country, ranging from a few months to a year without seeing my wife and children.

After struggling for a few days, I still lost to reality. Fasil decided to try his luck in Dubai. Maybe he will find a well-paid job.

In 2000, the United Arab Emirates, which made a lot of money by developing tourism, carried out large-scale urban construction, and the UAE Tower in Dubai was also completed in this year, which refreshed the highest height of local architecture. This country, which makes its fortune by oil and keeps pace with tourism, wants to tell the world that anything is possible.

It was also in this year that Fasil, eager to change the course of his life, came to this country where everything is possible.

When she first came, Fasil worked as a porter in an auto glass shop, earning 800 dirhams a month. Fasil cherished his first job very much. At the end of each month, he will set aside some of his own expenses and then send all his salary home.

Fasil worked as a boy for two years, during which he worked hard and didn't dare to slack off. In the process of transporting the glass to a pickup truck, Fasil accidentally fell to the ground and blocked the car glass that almost fell to the ground, so the waist injury left a lifelong sequela.

Fasil's efforts were seen by his boss. Two years later, he was assigned to a sales position by his boss, and his salary rose to 1 1,500 dirhams.

Every emerging market has unlimited business opportunities. Fasil recalled those years and always lamented that it was the best time to start a business in Dubai. Even if you set up a stall in the street, you will sell a lot of goods. There were not many competitors who shared the market cake, and the business during that time was a steady profit.

In a blink of an eye, Fasil worked in a glass shop for five years, and his heart was stirring when he watched the cleaning boy in the next shop go to Abu Dhabi to open his own shop.

2. Start a business with a dowry and earn tens of millions.

In 2005, Fasil returned home to visit relatives and talked with his family about the idea of starting a business. His parents and sisters fully support him. But this kind of support is only spiritual, and the cost of starting a business is an insurmountable hurdle.

After dinner, his wife secretly called Fasil to her room and took out the gold jewelry that his father accompanied when he got married, so that he could pawn it to start a business.

My father-in-law's family is well-off, and my daughter took twice as much gold jewelry as others when she got married. Fasil never had any other thoughts about the gold jewelry, because it was his wife's dowry. When his wife offered to give away those gold jewelry, Fasil was shocked and moved, and vowed to earn his wife several times more money than the dowry by starting a business.

With the money from his wife's gold jewelry pawn and some money from his family, Fasil returned to Dubai to start his own business.

On the corner of the industrial zone, Fasial rented a small car glass storefront and hired a Bangladeshi employee to look after the storefront. He drives around the industrial zone every day to find customers.

The success of starting a business can never be separated from the influence of the big environment. During that time, Dubai's economy flourished and ushered in a spurt of growth. Fasial's small glass shop is also booming with the help of Dongfeng.

In 2007, Fasil rented a bigger store and hired two glass installers and a driver. In addition to selling glass, he also provides customers with the service of installing glass to be replaced.

According to Fasil's memory, when the business was good, there were cars waiting for glass change outside the door, and there was no time to eat. "Money, money is everywhere. It's the first time I feel that money is so easy to earn!" Fasil talked about the scene, a face of excitement. He has earned his wife's dowry money, and his hometown in India has also built a new house.

It is always calm before the storm, but there is an undercurrent behind the seemingly prosperous scene. In 2008, Dubai suffered an economic crisis, the government owed 80 billion yuan in debt, and the Burj Dubai, which was already under construction, was forced to stop working, and the winter for entrepreneurs came.

There are always capitalists who committed suicide because of the economic crisis in the news, businessmen who left luxury homes and luxury cars because of insolvency, and Fasial's glass shop can't escape this fate. The lively scene is gone forever, and the door is empty.

However, in this economic depression, Fasil is lucky. He has the natural cautious personality of Indians, is conservative and prudent in business, will not expand aggressively, and will not seek bank loans. Therefore, Fasial's glass shop has successfully weathered the economic crisis.

There are opportunities hidden in the crisis. After the Burj Dubai was shut down due to lack of funds, the Abu Dhabi government lent Dubai a lot of money to help it out of its predicament, and the Burj Dubai was successfully completed. The tallest tower in the world has attracted countless tourists to Dubai after the economic recovery.

The economy is booming again, even surpassing the prosperity before the crisis. In the trading market of the industrial zone, there are endless guests, and businessmen have a once-in-a-lifetime opportunity, including Fasial.

"Thanks to Allah, I lost track of time every day during that time, and guests would come to install glass at eleven o'clock every night!" Recalling those years, Fasil always felt like a dream.

By the end of 20 15, Fasil's glass shop had earned him tens of millions of dollars. He bought three luxury cars in India, changed his old house into a villa with a yard in front and back, and hired a nanny for his parents.

This year, Fasil was 40 years old, his eldest son was 9 years old and his youngest son was 5 years old. In order to avoid the pain of being separated from his wife and children, Fasil rented a house with two bedrooms and one living room in the residential building near the shop and took over his wife and children.

Fasil sends her children to a local Indian school in Dubai, and her wife does housework and prepares three meals a day for her family. Those years were sweeter than honey. The poor Indian boy always thanks God for his care in daily Muslim prayers.

When Fasial's business is booming, competitors' business is also booming, and more and more people are starting to join this industry and want to share a piece of it.

After a long time, there are more and more glass shops on the market. Visionary people began to rent a lot of stocks in big warehouse, and also began to look to other Middle Eastern countries except Dubai, United Arab Emirates, to find foreign customers.

All this does not bode well for the Conservative Party.

3. Can you make a comeback?

Fasial's business began to decline slowly from 20 17.

It has been nine years since the last economic crisis, and this bustling city that never sleeps has long since erased the traces of depression. Dubai's public relations is very successful, and local tyrants are positioned all over the world. People who wait for the Burj Dubai and visit Dubai Mall every day are like crossing a river.

There is an auto glass shop next to one in the industrial zone. Because of the high quality and low price products supplied by China factory, the price of automobile glass has been greatly reduced, and the profit is also shrinking.

Two colleagues who started their business at the same time as Fasial invested a lot of money to expand the scale as early as two years ago, got the lowest cost price from suppliers, and recruited foreign trade personnel to expand their business to the whole Gulf region.

Fasil, who is cautious afterwards, is different. He still keeps the original shop and business, and the money he earns is always remitted to India in the first place.

When Fasil noticed that his business was going downhill, it was too late, and he missed the best window to develop his business. The market demand is basically saturated, but the supply is only increasing, and the profit of automobile glass is greatly reduced.

At first, Fasial just felt that the price of glass had dropped to the level of maintaining rent and workers' wages. Later, fewer and fewer customers came, leaving only a few old customers to buy some goods occasionally.

In 20 19, Fasial quit five workers, leaving only one driver, one installer and two salesmen in the shop. In the same year, he sent his wife and children back to their villas in India, and the children continued their studies in local schools.

If it weren't for an epidemic in 2020, Fasil might have a chance to fight again, but nothing in the world has a chance. After the outbreak of the epidemic, the already sluggish business became worse.

Fasil stayed in the store for four months, and his daily income was only enough for the store rent. Sometimes he couldn't even make a list. In desperation, Fasil entrusted the store to an old employee and bought a plane ticket to fly back to India.

When he contacted Fasial again, his mood was very low. The increasingly serious epidemic in India has affected Kerala, and some people near his home have been infected, causing panic at home.

"Dubai can't come back for a while. Let's avoid the wind and hide from the epidemic. " When Fasil spoke to me on the phone, he was staying at home nervously.

When it comes to future business, Fasial is not as pessimistic as I thought. He feels that this crisis is like 2008, and more opportunities will inevitably emerge in the past. He believes that he still has a chance to make a comeback.

Yes, the crisis must be followed by economic recovery, and that day will come sooner or later.