Tag Archives: Business

Amateur entrepreneurs

Entrepreneurship has a great change of meaning in the 21st century with a number of innovative companies in different parts of the world. Technopark in Trivandrum provides a great opportunity for young talented people to make their career into entrepreneurship. Students after having their graduation are stepping in, to develop a small company with 5 or 7 people. Previously the entrepreneurs have one and only aim, to run the company without any capital loss. They were happy if they could get enough money to give the employee salaries. They were not eagerly waiting for a giant organization to come and give funding. This did not mean that they hadn’t done anything to improve the company. But the pace and eagerness of growth was very slow compared to the companies developing in the modern era. If we could get a chance to analyze these kinds of companies, it is evident that many of them have closed down within 3 to 6 months due to the lack of income generation. Is it due to the lack of knowledge in the field of entrepreneurship?? / Due to the lack of innovative ideas and income?? Or is it because of the increased competition??

It is really a vast area to think and analyze.

In my opinion, Talent and dedication are the key things behind the success of each and every entrepreneur. Where there is talent coupled with immense dedication, there we can see the light of success. Are they two separate things?? No…dedication is an evolved touchstone from the talent. Earlier day’s talent has been valued on the basis of strength in the number of people and has been defined as the brainstormed ideas from a group. So if the number of people increases, they consider more talent came to the group. But time goes this concept has changed and talent became the creativity of individuals. And now it is considered as the coupled effect of creativity and dedication. So in one or other means dedication has germinated from talent.

I have come across a company in Technopark named Orysis India Consultancy. It is run by a young entrepreneur who is only in his early 20s. They do have more than 12 employees in the office. The main thing I noticed in the success of this company is the dedication of the CEO, the above mentioned guy and his determination. They’re in the path of development with strong based project and new technology usages.

Successful entrepreneurship will depend on talent and dedication. Set a goal, hard work to achieve that and be successful. Aim for a mountain, shoot at the hill and then you will get a plateau.

 

Made In Japan

“Made In Japan”. A normal person from a developing country when he hears this, he will be more inclined to purchase the product than go for other country manufacturing products. This is especially in case of electrical and electronics equipments.  They have created a world rank in this case because of the quality of their products. If a person wants to buy a foreign technical thing he first thinks about Japan products. Usually people believe that the Japan products are famous for their quality. It is just not a belief but the truth.

Do you know why it is famous for their quality and reliability??

It’s only because of the many time testing before the launching of all the products. They are very particular in the testing. Most of the things go through one time testing only. But the testing method of Japan is entirely different.  They have testing in each and every development stage of the products.  At the end product there won’t be any damages so that they will get an accurate and reliable product. This provide more accurate product than a product which have gone through a onetime testing. Many things are not able to find out in the onetime testing. In many time testing the bugs which they come across would be able to figure out easy and this would help the further development with more accuracy.

Japanese believes in every time improvement of all the products. This is known as KAIZEN. The continuous improvement enables the high quality products. This makes the credibility of Japan products and gives a worldwide market of high span.

SMALL but APT Definitions

What is the difference between Advertisement, Marketing, Public Relation and Branding?

If we ask this question to an MBA graduate or someone pursuing some business administration courses we will fed up with the answers. They will shower full theory from the books Kotler and Bratton. But if we ask to explain the same in simple words, 99% of them will fail. But here comes the simple explanation of the same in simple words. This simple definitions  come from one of my great friends.

I am Merlin; I am a good gal —-Marketing

Merlin is a good girl… Merlin is a good girl…. Merlin is a good girl… Merlin is a good girl….… Merlin is a good girl——-Advertisement

You know Merlin is a good girl——-Public Relation (to a third person)

Yes; I know Merlin is a good girl——–Branding(to a third person)

Peace Of Mind

There are some ways to achieve the mind in a calm position. This is the peace of mind state.

Here I discuss some ways to keep the mind in a peace stage.

  • Don’t interfere in others matter unless they asked to do so

We create our problem because we interfere in others problem very much. This is why because we need to convince them that we are the right way, our thoughts are the most appreciable one, and our logics are the best one. This will happened to neglect the individuality in each person and this creates come problem which cause a big head ache to each.

  • Do not lust for recognition

People who are very selfish will praise you a lot if they need any help from you and once it has happened they will not consider you. They will find a bunch of faults in you. They all are time depended people who are concerned about others once they need the help from them. So it is better to do your duties in a well and ethical manner. Don’t go for the recognition of others let yourselves into agony.

  • Forget and forgive

This is the most powerful aid to peace of mind. We often develop ill feelings inside our heart for the person who insults us or harms us. We nurture grievances. This in turn results in loss of sleep, development of stomach ulcers, and high blood pressure. This insult or injury was done once, but nourishing of grievance goes on forever by constantly remembering it. Get over this bad habit. Life is too short to waste in such trifles. Forgive, Forget, and march on. Love flourishes in giving and forgiving.

  • Change yourselves according to the environment

If you try to change the environment, sure u will fail in that since the environment consists not only you but a lot of people with verities of character and thinking. SO it is better to change yourselves according to the environment.

  • Do not be jealous

We all have experienced how jealousy can disturb our peace of mind. You know that you work harder than your colleagues in the office, but sometimes they get promotions; you do not. You started a business several years ago, but you are not as successful as your neighbor whose business is only one year old. There are several examples like these in everyday life. Should you be jealous? No. Remember everybody’s life is shaped by his /her destiny, which has now become his/her, reality. If you are destined to be rich, nothing in the world can stop you. If you are not so destined, no one can help you either. Nothing will be gained by blaming others for your misfortune. Jealousy will not get you anywhere; it will only take away your peace of mind.

  • Endure what cannot be cured

This is the best way to turn a disadvantage into an advantage. Every day we face numerous inconveniences, ailments, irritations, and accidents that are beyond our control… If we cannot control them or change them, we must learn to put up with these things. We must learn to endure them cheerfully. Believe in yourself and you will gain in terms of patience, inner strength and will power.

  • Do not take in more than you can eat

We try to take more responsibilities which we can’t manage perfectly. This is to satisfy our ego mainly. We should know our capabilities and limitations. There is nothing like an ego problem once we are not able to do something or say NO to others. It is proud to say No once it is so rather than saying yes and struck in the middle while explaining the same. So it would be better to take the responsibility of what we can rather than take the whole.

  • Meditate regularly

Meditation calms the mind and gets rid of disturbing thoughts. This is the highest state of peace of mind. Try and experience it yourself. If you meditate earnestly for half an hour every day, your mind will tend to become peaceful during the remaining twenty-three and half-hours. Your mind will not be easily disturbed as it was before. You would benefit by gradually increasing the period of daily meditation. You may think that this will interfere with your daily work.

  • Do not keep the mind idle.

An idle mind is the work place of devil. Keep yourselves busy all the time by doing some worthwhile or interesting. Never leave yourself without doing anything. This will make you think and the thoughts will go beyond the limits. The past, present and future will go come into the screen. This might cause many illnesses to mind as it’s a desperate stage to think about all these rubbish things. So intentionally engage in some efficient activity which gives mental satisfaction and a fulfillment.

  • Do not post pond and never regret.

Do not waste time in waste activities and thoughts like “Should I or not?” Days Months and years will go like this. You will not be able to do anything as you anticipate the near future in a prejudice manner. “Time and tide waits for no man”. Please remind this proverb and value the time, do things on time. It doesn’t matter whether you fail the first time. You can learn from your mistakes and it is the best lessons in the life and a best practice too. DO NOT REGRET. Whatever happens is destine need to happen only that way.

Success of "Chinese Products"

We all know that the Chinese products are available in the market. Some items are pretty good but some of them are not. We can test the luck while purchasing the Chinese materials from the different outlets all over the world. We will get a variety of selection from a large pool of same items. The main products of the new era will be able to find in the group of Chinese products.

Mainly the Chinese products are very cheap with more features. While concerning the quality they happened to push back when compare the items with less features. The most famous iPhone of this technical world also have its exact copy from the china with all the features of the apple iPhone. The entire Chinese product will be the exact copy of the original one.

Do you ever think about the success of Chinese products even though they are very cheap and low quality???

Yes!!! It is because of the bulk order and the bulk delivery. They will provide each item once it is a bulk order. Otherwise they won’t let the items to cross their border. We can’t get a single piece of the item from any of the Chinese wholesalers. If it is not a bulk order there won’t be any profit in the sale. Once the item is dispatched it is dispatched and the return within one month program will not be there. They will not give any guarantee or warranty to the items. So when the items get damaged the customer will be the victim and the manufacturer of China need not worry about that. He will get the amount what he wants.

IndianSpices4u.com – A dream business project

Today is a golden day in my life. The hard work of last 4 months come true and now we are on the fire of excitement.

We a group of 4 MBA students from London School Of  Management and Science launched a site to rectify the main problem of  Indians to collect Indian food items from distant places.

Normally in foreign countries Indians depend on distant shops for  Indian groceries which has Indian taste.They need to travel a lot for collecting the items as the shops are not frequent in all the areas.

In UK Indian food items are concentrated mainly  in East Ham, Croydon and Wembley. So people from the outer area  of London need to travel a lot to collect the Indian items from these places.  Its actually a big time constraint job and the travel expense is also very high.

Our site www.indianspices4u.com is a site for all the Indian food items which will be available in a single store .Here we have enclosed all Indian food items from the famous Brands like Double Horse, Melam, Pavizham, Periyar, Grandmas, Nirapara, Kerala Taste, and Eastern. We have introduced some new brands which are not available in UK at all which are ANNS, Brahmins, and PrimeRose. We have enclosed the main items of curry powders, rice, rice powders, masalas, dried items , ready to eat items, pickle and instant items.

We are JoePaul, John, Justin and Myself are colleges in MBA . We got this chance to work in this live business project through our director Mr.Augustin Chandy. The site was developed by an experienced Web Developer Mr.Albert Quintema who is a specialist in SEO works. It was really an unexplainable moments to work in this project. We had to meet the main food dealers give the orders, manage the importing of the food, and frankly speaking  the from the scratch operations have been done by us only.

We will be giving free delivery for all the orders more than 20 pounds of purchase. The delivery time will be messaged to the customers followed by a select service  ( IVR- Interactive Voice Response, an advanced technique which most of the shopping cart site  do not having this facility)that they will be  free to choose the delivery date once they are not available in the scheduled date.

The site contains a shopping cart facility through which the online business can be done. It is  very much user friendly and the customers will be free to use the site without any problems.They can pay the money through a bank pay or a credit card pay. Also there is an option to save the shopping cart once they are not willing to shop the items now but if they want it in some other time. There is another option to send e-mails to the site management team regarding any queries or for any clarification of the processes.

So all of you just go through www.indianspices4u.com the site, and promote us for the further development in a broad manner!!!

A Real Boxing Experience

Boxing day

You know what is boxing day???? Any wild guess???

Boxing day is a public holiday in most of the countries like UK, Australia, Canada, Ghana, Greenland, Germany, Hong Kong, New Zealand . People  celebrates it on 26th of December , just after the Christmas. In dictionary meaning Boxing Day is the first weekday after Christmas. Traditionally, 26 December was the day to open the Christmas Box to share the contents with the poor. Its a day when family members get together for a party and they enjoy with games and watching movies or games.

The reason that the December 26th was known as ‘Boxing Day’ was the fact that many centuries ago, the Lord and Lady of the manor/castle/estate gathered together at the manor house, the workers including those from the outlying fields, forests and streams, the day after Christmas Day and organized the distribution of the annual necessities, done according to the status of the worker and the size of the family.

Nowadays Boxing day is known as the “shopping day”. It is the time when shops have the sales and the lowest price selling strategies. The price decrees will be a dramatic surprise  as compared to the normal prices. This day will be  the largest revenue day in the year. In UK the revenue collected on boxing day of 2009 was 20% higher than the year 2008.

It is really a Boxing Day. Many retailers open the shop very early by 3.00AM. People used to sleep in front of the shops on 25th itself so that they can enter into the shop as soon as it opens. There will be a drastic rush to enter in the shop. Once inside the shop people rush to grab the items which they want. There also we can see the real POWER of “Boxing”.

The online version of Boxing Day is known as Cyber Boxing Day, which has the busiest online business.

It is really an amazing day regardless the BOXING experience, people hopefully get a value added service. But I don’t know the reality behind the sales.

YOU REAP WHAT YOU SOW

Here I am with a moral story . I got this from my uncle as a mail in my mailbox. I hope everyone of you will like this.

“Good morning”  said a woman as she walked up to the man sitting on ground.

The man slowly looked up.

This was a woman clearly accustomed to the finer things of life. Her coat was new. She looked like she had never missed a meal in her life.

His first thought was that she wanted to make fun of him, like so many others had done before.  “Leave me alone,” he growled….

To his amazement, the woman continued standing.

She was smiling — her even white teeth displayed in dazzling rows. “Are you hungry?” she asked.

“No,” he answered sarcastically. “I’ve just come from dining with the president. Now go away.”

The woman’s smile became even broader..

Suddenly the man felt a gentle hand under his arm.

“What are you doing, lady?” the man asked angrily. “I said to leave me alone.

Just then a policeman came up. “Is there any problem, ma’am?” he asked..

“No problem here, officer,” the woman answered. “I’m just trying to get this man to his feet.. Will you help me?”

The officer scratched his head.  “That’s old Jack. He’s been a fixture around here for a couple of years. What do you want with him?”

“See that cafeteria over there?” she asked. “I’m going to get him something to eat and get him out of the cold for awhile.”

“Are you crazy, lady?” the homeless man resisted. “I don’t want to go in there!”  Then he felt strong hands grab his other arm and lift him up.  “Let me go, officer. I didn’t do anything..”

“This is a good deal for you, Jack,” the officer answered. “Don’t blow it.”

Finally, and with some difficulty, the woman and the police officer got Jack into the cafeteria and sat him at a table in a remote corner.  It was the middle of the morning, so most of the breakfast crowd had already left and the lunch bunch had not yet arrived…

The manager strode across the cafeteria and stood by his table.  “What’s going on here, officer?” he asked.  “What is all this, is this man in trouble?”

“This lady brought this man in here to be fed,” the policeman answered.

“Not in here!” the manager replied angrily. “Having a person like that here is bad for business.”

Old Jack smiled a toothless grin.  “See, lady. I told you so. Now if you’ll let me go.. I didn’t want to come here in the first place.”

The woman turned to the cafeteria manager and smiled. “Sir, are you familiar with Eddy and Associates, the banking firm down the street?”

“Of course I am,” the manager answered impatiently. “They hold their weekly meetings in one of my banquet rooms.”

“And do you make a goodly amount of money providing food at these weekly meetings?”

“What business is that of yours?”

I, sir, am Penelope Eddy, president and CEO of the company.”

“Oh.”

The woman smiled again. “I thought that might make a difference.”  She glanced at the cop who was busy stifling a giggle. “Would you like to join us in a cup of coffee and a meal, officer?”

“No thanks, ma’am,” the officer replied. “I’m on duty.”

“Then, perhaps, a cup of coffee to go?”

“Yes, ma’am. That would be very nice.”

The cafeteria manager turned on his heel, “I’ll get your coffee for you right away, officer.”

The officer watched him walk away. “You certainly put him in his place,” he said.

“That was not my intent. Believe it or not, I have a reason for all this.”

She sat down at the table across from her amazed dinner guest. She stared at him intently.  “Jack, do you remember me?”

Old Jack searched her face with his old, rheumy eyes..  “I think so — I mean you do look familiar..”

“I’m a little older perhaps,” she said.. “Maybe I’ve even filled out more than in my younger days when you worked here, and I came through that very door, cold and hungry.”

“Ma’am?” the officer said questioningly.  He couldn’t believe that such a magnificently turned out woman could ever have been hungry.

“I was just out of college,” the woman began. “I had come to the city looking for a job, but I couldn’t find anything.  Finally I was down to my last few cents and had been kicked out of my apartment. I walked the streets for days.  It was February and I was cold and nearly starving. I saw this place and walked in on the off chance that I could get something to eat.”

Jack lit up with a smile.  “Now I remember,” he said.  “I was behind the serving counter.  You came up and asked me if you could work for something to eat. I said that it was against company policy.”

“I know,” the woman continued. “Then you made me the biggest roast beef sandwich that I had ever seen, gave me a cup of coffee, and told me to go over to a corner table and enjoy it.  I was afraid that you would get into trouble… Then, when I looked over and saw you put the price of my food in the cash register, I knew then that everything would be all right.”

“So you started your own business?” Old Jack said.

“I got a job that very afternoon. I worked my way up.  Eventually I started my own business that, with the help of God, prospered.” She opened her purse and pulled out a business card. “When you are finished here, I want you to pay a visit to a Mr. Lyons…He’s the personnel director of my company. I’ll go talk to him now and I’m certain he’ll find something for you to do around the office.”  She smiled.  “I think he might even find the funds to give you a little advance so that you can buy some clothes and get a place to live until you get on your feet.. If you ever need anything, my door is always opened to you.”

There were tears in the old man’s eyes. “How can I ever thank you?” he said.

“Don’t thank me,” the woman answered. “To God goes the glory. Thank Him… He led me to you.”

Outside the cafeteria, the officer and the woman paused at the entrance before going their separate ways…

“Thank you for all your help, officer,” she said.

“On the contrary, Ms. Eddy,” he answered. “Thank you. I saw a miracle today, something that I will never forget. And..And thank you for the coffee.”

If you have missed knowing me, you have missed nothing.

If you have missed some of my emails, you might have missed a laugh.

But, if you have missed knowing God our CREATOR, you have missed everything in the world.

Have a Wonderful Day. May God Bless You Always and don’t forget that when you “cast your bread upon the waters,” you never know how it will be returned to you..

When God leads you to the edge of the cliff, trust Him fully and let go.
Only 1 of 2 things will happen, either He’ll catch you when you fall, or He’ll teach you how to fly!

The  power of one sentence!

God is going to shift things around for you today and  let things work in your favor..

God closes doors no man can open & God opens doors no man can close..

Have a blessed day and remember to be a blessing…

Dangers in Business

Top five things people are most afraid of business


  1. VAT returns

    VAT is not a difficult thing to afraid. The only thing which need a special care is to keep proper record. You should have a clear idea about the VAT you have charged on your goods & services and the amount you have been charged on the goods and services you have bought in.  Its only the simple calculations and the common sense. You will have to register for VAT only if your turnover is more than 67000 pounds. But don’t say it as an excuse not to develop your business. :-)

  2. Spreadsheet

    Its very important to learn the spread sheet ideas inorder to comply  with the current developments since its a valuable skill.. So learn the spreadsheet with the help of a tutor or website for that. We will get lots of books which explain the theory of the spread sheet. www.spreadsheet123.com is a very useful site for the study of spreadsheets

  3. Pay roll

    We are responsible for the employee salary, tax and national insurance payments. Once we keep a clear cut system for everything payroll is a simple and loving thing.The thing indeed is the systematic control.

  4. Incorporation

    Incorporating business to a limited company involves a bit more paper work and good knowledge skill.But its not a big deal since we get a help line at Companies House that can talk to you in each and every step.

  5. Failure

    Fear of failure  may be the reason for most of the people not starting a business.People don’t want to make their family into a risk by starting a business.this is because of the rumors regarding the failure of 50% start up business in the middle of the second year.But this count is based on the closure of business bank accounts and not the closure of business.Anyway be affirmative and no matter what happens to your business , you will success in acquiring your skills and knowledge and that will increase your earning power.If you don’t give it to go you wont fail but once you don’t accept the possibility of failure , you will never get success.

Reasons for the failure of "NEW" Business

Sometimes we can hear people say “Nowadays my business is very dull..Not enough profit.So I am going to quite the business”

Why some business getting a sudden death ?? It is a very important point to think.According to my knowledge the following things may affect the start up businesses

business_failure-300x212

  • Lack of enough research.
  • Lack of honesty with themselves..
  • The founders move too quickly
  • Lack of sudden actions when they are very critical
  • Imbalance of supply and demand levels
  • Lack of knowledge about cash flow
  • Spending of too much money
  • The giving up of the situation
  • Lack of sensitivity analysis(SWOT analysis and PESTLE analysis)
  • Lack of enough hard work.