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Go Sleep!

wealthymattersMy big idea is a very, very small idea that can unlock billions of big ideas that are at the moment dormant inside us. And my little idea that will do that is sleep.

I learned the hard way, the value of sleep. Two-and-a-half years ago, I fainted from exhaustion. I hit my head on my desk. I broke my cheekbone, I got five stitches on my right eye. And I began the journey of rediscovering the value of sleep. And in the course of that, I studied, I met with medical doctors, scientists, and I’m here to tell you that the way to a more productive, more inspired, more joyful life is getting enough sleep.

And we women are going to lead the way in this new revolution, this new feminist issue. We are literally going to sleep our way to the top, literally.

Because unfortunately for men, sleep deprivation has become a virility symbol. I was recently having dinner with a guy who bragged that he had only gotten four hours sleep the night before. And I felt like saying to him — but I didn’t say it – I felt like saying, “You know what? If you had gotten five, this dinner would have been a lot more interesting.” Read more of this post

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Nirmal Singh Bhangoo And PACL

wealthymattersIn just over 30 years, Nirmal Singh Bhangoo, the man behind Pearls Agrotech Corporation (PACL), which has been asked to return Rs 49,000 crore to its investors by Sebi by November this year, has metamorphosed from a milk seller near the Attari border in Punjab to the owner of 1.83 lakh acres of land around the country.

Bhangoo’s story is similar to that of Sahara group’s Subrata Roy. Both run business empires whose functioning is opaque. They rub shoulders with politicians and filmstars; have real estate projects and own hotels and make no bones about their wealth. Roy has hotels in New York and London. Bhangoo has bought a hotel in Australia’s Gold Coast and has built hundreds of homes in Brisbane.

Both have interests in sports -PACL has sponsored IPL teams and Kabaddi tournaments, while Roy sponsored the Indian cricket team and owned an F1 team and the Pune team in the IPL.Both run news channels and their businesses are in the hands of a few trusted men, mainly family members.

The Sahara chairman is currently behind bars, and has been asked to return Rs 24,000 crore (now Rs 37,000 crore with interest) to investors. In the coming months and years, PACL’s promoters may face a legal battle to avoid a similar fate.

Bhangoo has battled the stock market watchdog’s jurisdiction for 16 years while building a conglomerate of considerable size. The crux of Sebi’s case is that PACL is a collective investment scheme (CIS) that ought to be shut down. Read more of this post

Ideas Are Cheap

wealthymattersFollowing is an excellent answer from Quora, to a person’s question of how he can get on board developers cheap for his start up. In a sense this answer applies to all workers you want to join your start-up. The following logic is something I find many inexperienced, would-be entrepreneurs refuse to see.

“I am sure that you are sincere, well-meaning, and smart. But this is about the eight-millionth time I’ve heard from somebody who thinks that having an idea makes you somehow so interesting to professional developers that they will swoon for you. The first million times that was perfectly fine, but at this point the question just makes me stabby.

A good software developer is one of the most in-demand skill sets on the planet right now. And note that what you need isn’t talent, which any 12-year-old can have. What you need is skill, which is what you get when you start with talent and add years of hard work.

Anybody who has put in those years of work can do basically what they want. They could:

  • Take an interesting, pleasant, high-paying job at a place like Google with great toys, great chefs, and great job security;
  • Find a cushy telecommuting gig, where they do something undemanding from the comfort of their home office;
  • Find some interesting job that takes them to any country they want to visit;
  • Take a high-pressure job in finance to make stupid sums of money;
  • Join an existing startup that has funding and a nice office and a foosball table; or
  • Found their own start-up.

Read more of this post

Copy To Thrive!

wealthymatters Players in the Rs 2,400-crore ,fast-growing ,Indian,online classifieds industry are freely ‘borrowing’ listings from rival sites in a bid to become the largest in their categories and attract funding. Only a few take the consent of advertisers.Not only small classifieds but large online classifieds players are also resorting to this practice.

The trend of replicating advertiser information is rampant across industries. According to IAMAI, jobs is the largest category in the online classifieds market constituting about 60% of the market share followed by matrimony (22%), B2B classifieds (13%) and real estate 7%.

Copying classifieds means saving on-ground sales staff, so a company can manage with a small tele-calling team, using cloud technologies, which scouts for listings across other platforms. Read more of this post

Dame Stephanie Shirley

wealthymattersDame Stephanie, or Steve as those closest to her call her, is the creator of the multibillion-pound IT software consultancy,the F1 Group, from which she made her £150-million fortune.

Dame Stephanie,was born Vera Buchtal to a gentile mother and German Jewish judge in Dortmund, Germany . Her family fled to Vienna only weeks before the outbreak of the Second World War and her parents put her and her nine-year old sister on one of the Kindertransport trains taking 1,000 refugee children across Europe to London to escape the Nazis.

“I remember arriving at Liverpool Street station; it was July but it was dull and grey . There were big bags of straw all around and the air was sickly with the smell of unwashed children. We had no idea what to expect. We were tired, hungry and traumatised,“ she says.

What she found, however, was a wonderful childless family who fostered her and her sister in the West Midlands where she lived until she was 18, even though both her parents survived the war. Later she took Brook ­ from her love of the poet Rupert Brooke ­as her naturalised name. Read more of this post


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