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URGENT! Both Monish Shah and Malhar Gala are entrepreneurs. Typical of entrepreneurs, they are both risk takers; they both invested their own money into the

URGENT!

Both Monish Shah and Malhar Gala are entrepreneurs. Typical of entrepreneurs, they are both risk takers; they both invested their own money into the venture. Although the venture was launched by Monish, he was joined later by Malhar who contributed a substantial amount of money to the operation. This helped to match the huge amount that Monish had already invested. However, the two were able to reduce the financial risk by continuing to work full-time for their current employers. This means that if TraveLibro collapsed, they would still have the income from their jobs. Another role played by Monish and Malhar was that of organising other factors of production. For example, in 2014 they rented their first office in Mumbai. They also hired some talented people from the technology, travel, research and digital sectors. The two entrepreneurs would have spent time finding the right location for their office and recruiting key skilledworkers. In the first two years the pair worked very hard to develop the business, often only sleeping for 3 hours a night. This reflects the effort and hard work that is expected from entrepreneurs when setting up a new enterprise. As TraveLibro grows, Monish and Malhar will need to use a wide range of skills such as decision-making, people management, time management and financial judgement, to organise resources effectively in the future.

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