February 23, 2014 Leave a comment
February 10, 2014 Leave a comment
Mobile payment processing can turn a phone into a POS system instantly. Consequently, merchants can accept any type of payment through on-the-go mobile credit card payments. For small businesses, this service is tremendously beneficial as they don’t have to go to the expense of setting up the traditional type of credit card processing services.
Mobile credit card processing has the following important benefits:-
• The first benefit of mobile credit card processing is cost effectiveness. The service is cheaper than what traditional credit card processing costs, and so it helps to add to overall business profit.
• With mobile credit card processing, there is less chance of fraud. This is because you receive real-time validations, so the risk of receiving a fraudulent payment is almost completely eliminated.
• Another major benefit is that it’s fast and easy to get set up and start receiving payments. Read more of this post
February 6, 2014 1 Comment
Here follows a great story from Quora -
A very smart woman I worked with once told me that if I eliminated the word “but” from my professional vocabulary, I’d find greater acceptance for my ideas, and greater cooperation from my team members. She said people would have a very different perception of me if I could change this one thing.
The reason, she said, is because the word “but” negates everything that precedes it, and you cast a negative spin on anything you say when you use it.
Consider, for example, “We can do it this way, but it’ll be way too expensive given our budget,” versus “We can do it this way, and if we do, we’ll need to cut back on other important features.” The first indicates that we can’t even consider the option. The second acknowledges possibility and describes consequences.
“But” is exclusive and isolating, “and” is inclusive and welcoming.
She was absolutely right, and it’s advice I have used with great success for the past 30 years of my life.
February 6, 2014 Leave a comment
When Vijay Vashee joined Microsoft in 1982 he was just one of two Indians at the 160-person company. It added several more recruits from India, mostly IITans, over the years. They held low-level technical positions. Vashee became the first Indian to break through Microsoft’s glass ceiling in 1988 when he was named general manager for Microsoft Project. In 1992 he was asked to head the fledgling PowerPoint Division and helped grow this from $100 million to a billion-dollar business.
About the same time as Vashee, Indians in Silicon Valley began breaking glass ceilings. They all faced the same hurdles: a belief that Indians made great engineers but were not capable of becoming managers—certainly not CEOs. A common perception was that they didn’t know how to delegate authority and could not lead companies. Fast forward to today when the Microsoft CEO Satya Nadella is India-born. Sundar Pichai another contender for the job is also Indian American. Yet they would not have made the list a few years ago because of the negative stereotypes. This shows how much the technology industry—and America has changed. How did this transformation happen?
Very simply: Indian Americans started helping Indian Americans—regardless of their caste, religion, and regional heritage. They decided to forget which part of India they were born in and just to focus on the cause. When the first generation of Indians in Silicon Valley succeeded in shattering the glass ceiling, they decided to help others follow their path. They realized that they had all surmounted the same obstacles. They had open discussions about the hurdles they had faced. They formed networking organisations such as TiE to teach others about starting businesses, and to bring people together. The first generation of successful entrepreneurs—people like Vijay Vashee—served as visible, vocal, role models and mentors to the next. And they provided seed funding to members of their community. This helped Indians achieve extraordinary success. Read more of this post
January 30, 2014 Leave a comment
Here is a great article I came across in a back issue of the HBR on what we can learn from family businesses.Link
Personally I have always been inclined to family businesses,despite the contempt that they are often held in by many professional managers and financiers.
I have always found their long term focus,caution and frugality appealing.I’m happy to find a HBR article supporting my views.Pity the authors couldn’t add Asian companies to the list.
January 29, 2014 1 Comment
I was born and brought up in a slum in Madipakkam in Chennai. I have two elder sisters and two younger brothers and my mother was the sole breadwinner of the family. It was really tough for her to bring up five kids on her meagre salary.
As she had studied till the tenth standard, she got a job under the mid-day meal scheme of the Tamil Nadu government in a school at a salary of Rs 30 a month. She made just one rupee a day for six people.So, she sold idlis in the mornings. She would then work for the mid-day meal at the school during daytime. In the evenings, she taught at the adult education programme of the Indian government.She thus did three different jobs to bring us up and educate us.Although she didn’t say explicitly that we should study well, we knew she was struggling hard to send us to school. I was determined that her hard work should not go in vain.I was a topper throughout my school days.
In the mornings, we went out to sell idlis because people in slums did not come out of their homes to buy idlis. For kids living in a slum, idlis for breakfast is something very special.
My mother was not aware of institutions like the Birla Institute of Technology and Science, Pilani, or the Indian Institutes of Technology. She only wanted to educate us so that we got a good job. I didn’t know what I wanted to do at that time because in my friend-circle, nobody talked about higher education or preparing for the IIT-JEE. When you constantly worry about the next square meal, you do not dream of becoming a doctor or an engineer. The only thing that was on my mind was to get a good job because my mother was struggling a lot. Read more of this post