Entrepreneurs usually considered destructors. I agree to some extent.
Now imagine a world where everybody is ready to do a job, but nobody is ready to become an entrepreneur then who will provide the job to these aspirants of job?
Ultimately these job seekers will end up with doing nothing. Entrepreneurs are the person who takes the risk/ pain of creating something new and because of his venture somebody earn livelihood (salary). There are plenty of examples where it can be proven that growth of a nation is also depends on the entrepreneurs of the nation. The ‘Invisible hand’ concept of Adam Smith says that knowingly or unknowingly entrepreneurs helps society to improve it overall level by providing them jobs, livelihood, new technology etc..
The paradox here is, in India are not being respected from last few years.
There may be many reasons:
1. Handsome salary packages from so called business school has changed the expectations of parents
2. Emergence of big companies in India has increased the chances of getting jobs easily
Sunday, December 6, 2009
Friday, November 6, 2009
Cost of doing business in India
Any start up venture which requires a little bit govt. approval (intervention) becomes very hard for a person who tries to follows his or her value system. In India, one side we talk about liberalization and on the other hand everywhere you will find bureaucracy in the system. When one such person tries to do something then he or she requires having a sufficient approach towards so called netas .
Recently I had a chance to handle a similar project for my family business. It was about preparing an application for getting a gas (LPG) agency. Almost ten documents were related to tehsil (Taluka), and getting these ten documents was really a painful task. Please mind, still we are only in the process of putting an application.
Whenever a big plan comes in to my mind, I first contemplate on this issue that how much efforts it will take to get work done from govt. departments. Ironically, this is the real challenge for entrepreneurs in India.
Especially in rural India govt. officials are more corrupted (It’s my personal experience). But, what can be done this is the part of business. I don’t know how TATA’S are doing business in India?
May be the biggest reason for the high growth of the Reliance Group is having a proper alignment with government officials.
My concern is about those who are just planning to move towards entrepreneurship. What will happen to their dream? When even after bribing an official they will not find the answer that why this work is not happening?
But any way, mistakes are our biggest lesson for learning.
Admi thoker kha kha kar ke hi sikhta he!!
Recently I had a chance to handle a similar project for my family business. It was about preparing an application for getting a gas (LPG) agency. Almost ten documents were related to tehsil (Taluka), and getting these ten documents was really a painful task. Please mind, still we are only in the process of putting an application.
Whenever a big plan comes in to my mind, I first contemplate on this issue that how much efforts it will take to get work done from govt. departments. Ironically, this is the real challenge for entrepreneurs in India.
Especially in rural India govt. officials are more corrupted (It’s my personal experience). But, what can be done this is the part of business. I don’t know how TATA’S are doing business in India?
May be the biggest reason for the high growth of the Reliance Group is having a proper alignment with government officials.
My concern is about those who are just planning to move towards entrepreneurship. What will happen to their dream? When even after bribing an official they will not find the answer that why this work is not happening?
But any way, mistakes are our biggest lesson for learning.
Admi thoker kha kha kar ke hi sikhta he!!
Sunday, November 1, 2009
Branding in India
India is altogether a different country when it comes to business practices and consumer perception.
I recently have attended Global Management Development Program at my college. The topic for the discussion was “Invisible Brands”. Professor Stanley Moss (CEO of Medinge Group) came from USA and spoke on this topic with respect to the new mindset of big brands.
After Global financial meltdown and US Sub prime crisis, the consumer mindset about perceiving brands is changing very fast. A big brand like Coca cola spends an extensive amount on advertisement and promotion to maintain its brand value. But, now consumer is becoming cautious about their every activity towards society. Professor Stanley gave an example of Peragonia, a US based clothing company has adopted socio-centric business practices in its operations. And, company doesn’t spend a single penny on advertising. Then also it is considered a strong brand in USA.
I want to summarize my learning in following points:-
1. After Global Financial Meltdown, view points of consumer has been changing towards the brands which are over branding themselves. They are considered as negative brands.
2. Brand is a promise which a company makes to its customers.
3. For a new venture branding is not good idea unless it has done a thorough Market Intelligence Analysis.
4. A good brand is not the one which does a heavy spending on advertising, but the one which is perceived by the consumers positively.
5. ‘Simplicity’ is the best way to become a silent a strong brand
I recently have attended Global Management Development Program at my college. The topic for the discussion was “Invisible Brands”. Professor Stanley Moss (CEO of Medinge Group) came from USA and spoke on this topic with respect to the new mindset of big brands.
After Global financial meltdown and US Sub prime crisis, the consumer mindset about perceiving brands is changing very fast. A big brand like Coca cola spends an extensive amount on advertisement and promotion to maintain its brand value. But, now consumer is becoming cautious about their every activity towards society. Professor Stanley gave an example of Peragonia, a US based clothing company has adopted socio-centric business practices in its operations. And, company doesn’t spend a single penny on advertising. Then also it is considered a strong brand in USA.
I want to summarize my learning in following points:-
1. After Global Financial Meltdown, view points of consumer has been changing towards the brands which are over branding themselves. They are considered as negative brands.
2. Brand is a promise which a company makes to its customers.
3. For a new venture branding is not good idea unless it has done a thorough Market Intelligence Analysis.
4. A good brand is not the one which does a heavy spending on advertising, but the one which is perceived by the consumers positively.
5. ‘Simplicity’ is the best way to become a silent a strong brand
Monday, October 26, 2009
A ray of hope for sustainable development
It has been proven after recession that niche market strategy has its own flaws. Nowadays companies are shifting their focus towards mass market.
Our65 % of population lives in rural areas. Now as a future leader manager and growth drivers of nation, we have to think about opportunities exists in Indian rural areas.
Whenever I meet my friends and start discussing about new entrepreneurial opportunities it becomes a quality discussion. Before few days I went for the preparation of exams at my friend Manish Vaswani’s home and suddenly we move towards one such nice discussion.
It was about initiating a chain of schools in rural area. First of all whenever we talk about rural area, people have their own perceptions about it.
These are:-
1. There is a lack of infrastructure in villages
2. Villagers have a narrow view of life, and they are not interested in anything that will change their life
3. There is a lack of high living standard which prevent entrepreneurs to think about exploring opportunities over there
And a lot of other problems are there in rural areas. We know wherever a problem exists then solution becomes an entrepreneurial opportunity.
There are many reasons of high pace of urbanization in India. Education is one of them and a biggest problem in rural India.
My cousin sister’s marriage didn’t finalize in a village, although all other things (an Indian family looks for considering a good marriage relation) were present over there. My uncle doesn’t want to marry my sister in to rural area because of the future problem of grand son’s education?
Can’t we provide a good education (schooling) in rural area?
Contrary to above mention points I see over there:-
1. People have a lot of money to spend
2. Mindset of villagers is changing if we can refer to the past data of rural sales assortment
3. They are ready to spend a sufficient amount if they get good facilities over there ( for example mobile penetration)
I got schooling education in government school of my village where I spent initial years of my life. I know about the inefficiencies which are prevailing in rural education. But I am quiet aware about the fundamental changes happening in Indian rural areas, probably at some places you will find a Mercedes Benz is parked with a bull cart.
I see an exciting opportunity for the emerging entrepreneurs who are really interested in sustainable development of India. A Social entrepreneurship model with substantial profit can be created with this idea.
A quality education is needed to fostering a sustainable development of India. Do you really think so that would it be possible if we are ignoring 65% of our population?
Our65 % of population lives in rural areas. Now as a future leader manager and growth drivers of nation, we have to think about opportunities exists in Indian rural areas.
Whenever I meet my friends and start discussing about new entrepreneurial opportunities it becomes a quality discussion. Before few days I went for the preparation of exams at my friend Manish Vaswani’s home and suddenly we move towards one such nice discussion.
It was about initiating a chain of schools in rural area. First of all whenever we talk about rural area, people have their own perceptions about it.
These are:-
1. There is a lack of infrastructure in villages
2. Villagers have a narrow view of life, and they are not interested in anything that will change their life
3. There is a lack of high living standard which prevent entrepreneurs to think about exploring opportunities over there
And a lot of other problems are there in rural areas. We know wherever a problem exists then solution becomes an entrepreneurial opportunity.
There are many reasons of high pace of urbanization in India. Education is one of them and a biggest problem in rural India.
My cousin sister’s marriage didn’t finalize in a village, although all other things (an Indian family looks for considering a good marriage relation) were present over there. My uncle doesn’t want to marry my sister in to rural area because of the future problem of grand son’s education?
Can’t we provide a good education (schooling) in rural area?
Contrary to above mention points I see over there:-
1. People have a lot of money to spend
2. Mindset of villagers is changing if we can refer to the past data of rural sales assortment
3. They are ready to spend a sufficient amount if they get good facilities over there ( for example mobile penetration)
I got schooling education in government school of my village where I spent initial years of my life. I know about the inefficiencies which are prevailing in rural education. But I am quiet aware about the fundamental changes happening in Indian rural areas, probably at some places you will find a Mercedes Benz is parked with a bull cart.
I see an exciting opportunity for the emerging entrepreneurs who are really interested in sustainable development of India. A Social entrepreneurship model with substantial profit can be created with this idea.
A quality education is needed to fostering a sustainable development of India. Do you really think so that would it be possible if we are ignoring 65% of our population?
Sunday, October 25, 2009
Hunger for motivation
Dear Friends,
As we are a social creature we want appreciation. It works as a fuel of motivation. And that motivation takes you to the heights of your career.
Irony is that people don’t appreciate. Few words of appreciation can do wonders. Just observe next time or recall from your past memories when you appreciated somebody. What was the immediate reaction of the person? He would have definitely given you thanks as well as his opinion about you have got changed.
My learning from this issue:-
1. Start appreciating people they will become your friends forever.
2. They might do wonders because of your appreciation.
3. Appreciation should not be inspired by your selfishness.( otherwise it will be called cajoling)
Two sides of this issue:-
First one is negative; some people have a habit of self appreciation, whenever they talk to somebody they search for the points of self appreciation.
Another side; “if somebody cannot appreciate himself then how can he appreciate others” (Believe in you).
I am aware that every coin has two sides, but my confusion is about which side should be given more emphasis?
As we are a social creature we want appreciation. It works as a fuel of motivation. And that motivation takes you to the heights of your career.
Irony is that people don’t appreciate. Few words of appreciation can do wonders. Just observe next time or recall from your past memories when you appreciated somebody. What was the immediate reaction of the person? He would have definitely given you thanks as well as his opinion about you have got changed.
My learning from this issue:-
1. Start appreciating people they will become your friends forever.
2. They might do wonders because of your appreciation.
3. Appreciation should not be inspired by your selfishness.( otherwise it will be called cajoling)
Two sides of this issue:-
First one is negative; some people have a habit of self appreciation, whenever they talk to somebody they search for the points of self appreciation.
Another side; “if somebody cannot appreciate himself then how can he appreciate others” (Believe in you).
I am aware that every coin has two sides, but my confusion is about which side should be given more emphasis?
Saturday, October 24, 2009
Meaning of our existence
Bill gates says about life that “if a person born in a poor family then that is not his mistake but if he dies in a poor family then it is his mistake”.
It’s my one of the observation about most of the poor people that they believe in destiny very much. When I tried to find out the reason behind it then I came across few fundamental points which are:-
1. They don’t have sufficient resources (Money) to contemplate on improving there status quo as they are not able to fulfill there basic needs (Suggested in Maslow,s Need theory i.e. Food, shelter, and clothes).
2. Religiousness is another issue I observed by which people are inspired that “Be satisfied with what you have” theory.
3. They don’t get the chance to expose themselves in spite of having “animal spirit”.
There may be other issues also which are preventing them to think about changing their status quo.
Coming to the issue from where I started; if somebody (We) takes initiative to do something in this area to realize them their potential by giving knowledge or providing them a platform to show there ability then definitely there will be a “Meaning of existence” seems to be carved on the canvas of reality. And he would be probably called as second Mohammad Yunus.
waiting for your response...
It’s my one of the observation about most of the poor people that they believe in destiny very much. When I tried to find out the reason behind it then I came across few fundamental points which are:-
1. They don’t have sufficient resources (Money) to contemplate on improving there status quo as they are not able to fulfill there basic needs (Suggested in Maslow,s Need theory i.e. Food, shelter, and clothes).
2. Religiousness is another issue I observed by which people are inspired that “Be satisfied with what you have” theory.
3. They don’t get the chance to expose themselves in spite of having “animal spirit”.
There may be other issues also which are preventing them to think about changing their status quo.
Coming to the issue from where I started; if somebody (We) takes initiative to do something in this area to realize them their potential by giving knowledge or providing them a platform to show there ability then definitely there will be a “Meaning of existence” seems to be carved on the canvas of reality. And he would be probably called as second Mohammad Yunus.
waiting for your response...
Thursday, October 22, 2009
Fear of life
Dear friends,
Almost everybody has his or her own wishes, And to satisfy them we all work in that direction. I have never seen anybody in last 15 months of my college life who said me that "ya i am satisfy with my life" whenever i ask to any of my known person (friends, relatives, family members etc.) that how are you? in the starting of the discussion they will say 'everything is fine, but when i talk more about themselves to make my relationship stronger then most of them will definitely say "ya everything is fine but................" This "But........." explains that they are not satisfied with their life.
My learning by these observations are:-
1. People are not satisfying with their life ever
2. You can make your relationship stronger by talking more about themselves
This creates a paradox in my understanding that this is a good thing or bad that people always full of complaints with their life. As an entrepreneurial mind my thinking says that it is good for the growth of the society because this dissatisfaction of life always generates the ways to satisfy it and in this process everybody gets benefits of animal spirit which is driving the world.
on the other hand our religious opinion says that sacrifice of the material things will give you the ultimate satisfaction.
I am confused!!!!!
I want your opinion about this issue of everybody's life.
Almost everybody has his or her own wishes, And to satisfy them we all work in that direction. I have never seen anybody in last 15 months of my college life who said me that "ya i am satisfy with my life" whenever i ask to any of my known person (friends, relatives, family members etc.) that how are you? in the starting of the discussion they will say 'everything is fine, but when i talk more about themselves to make my relationship stronger then most of them will definitely say "ya everything is fine but................" This "But........." explains that they are not satisfied with their life.
My learning by these observations are:-
1. People are not satisfying with their life ever
2. You can make your relationship stronger by talking more about themselves
This creates a paradox in my understanding that this is a good thing or bad that people always full of complaints with their life. As an entrepreneurial mind my thinking says that it is good for the growth of the society because this dissatisfaction of life always generates the ways to satisfy it and in this process everybody gets benefits of animal spirit which is driving the world.
on the other hand our religious opinion says that sacrifice of the material things will give you the ultimate satisfaction.
I am confused!!!!!
I want your opinion about this issue of everybody's life.
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