March 15, 2014 Leave a comment
August 21, 2013 Leave a comment
Sara Blakely was 27, working for Danka , selling fax machines door-to-door when one day she had her ‘a-ha’ moment. She was going to a party and needed footless pantyhose to go with her outfit, so she cut the ‘feet’ off her pantyhose. And Bam! Problem solved! Somewhere in there, she’d been praying to ‘the universe’ to give her an idea that would help her make millions and touch people’s lives. She’d abandoned the idea, but when she was watching the Oprah show and heard Opera say that she too cut off the feet of her pantyhose, the spark was rekindled, almost as a confirmation that she should go ahead with her idea.
When Sara began to research undergarments for women and how they’d been made for the last 50 years, she was astonished. From the absurd sizing protocols (only one average waist measure was used on all the products, regardless of the size of the garment), to how products were tested (on manikins not real people), Sara saw that the undergarment industry needed a female perspective – insights from a real woman wearing these items to shape the product development direction so the products were useful, effective, and as comfortable as possible. She broke the mold, and developed a completely new approach to developing women’s undergarments. Read more of this post
March 24, 2013 1 Comment
“All the successful people I knew in life had high self-esteem and all the losers had low self-esteem.”- Bill Bartmann
Bartmann was born one of eight children. His parents were uneducated and so could not get well-paying jobs. As a child he had to move frequently and was even turned out of dwellings because they were deemed unfit for human habitation.He was once part of a travelling carnival. Also he was at one time a high school dropout. He was a teenage alcoholic and a member of a teenage gang called known as the Manor Boys.
When Bartmann was growing up his self-esteem was low. He gives credit to his childhood sweetheart, Kathy, for opening his eyes to this fact. Read more of this post
February 1, 2013 4 Comments
On the left is a complete set of bank notes from Zimbabwe ranging in value from a single Zimbabwean Dollar to 100 Trillion Zimbabwean Dollars.
Zimbabwe’s economy went into free-fall at the turn of the millennium, after President Robert Mugabe began seizing white-owned farms. The move demolished investor confidence, paralyzed production, prompted sanctions and scared off tourists.Since then, in the intervening dozen years or so,the country suffered hyper-inflation of 231 million per cent.This series of bank notes is now abandoned and replaced by foreign currencies in Zimbabwe.However they are hot collectibles for bank note collectors the world over. Read more of this post
January 24, 2013 Leave a comment
As per Bloomberg’s calculation T. S. Kalyanaraman ,Chairman and Managing Director of Kalyan Jewellers, the largest jewellery chain in India, is now a billionaire.This is his response to the news:“I don’t calculate my net worth.I am more keen to trade, develop my brand, but you may be right.”
Here is his story in his own words:
“My family has been in business for the last 110 years. It was my grandfather, T. S. Kalyanaramaiyer who first moved away from priesthood and became a businessman.He moved from Kumbakonam to Thrissur to start a textile mill. I think it was in the 1930s that the mill was taken over by the government and that was when he decided to start a textile shop.Later, my father Seetharamaiyer joined him followed by myself and my four brothers. Now, my sons also have joined the business. Read more of this post
January 20, 2013 Leave a comment
In his autobiography ‘Sam Walton: Made In America’ ,in chapter 17 titled ‘Running a Successful Company:Ten Rules That Worked for Me’,he lays out his rules for building a successful business.Here is the extract:
Rule 1: Commit to your business. Believe in it more than anybody else. I think I overcame every single one of my personal shortcomings by the sheer passion I brought to my work. I don’t know if you’re born with this kind of passion, or if you can learn it. But I do know you need it. If you love your work, you’ll be out there every day trying to do it the best you possibly can, and pretty soon everybody around will catch the passion from you — like a fever.
Rule 2: Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations. Remain a corporation and retain control if you like, but behave as a servant leader in your partnership. Encourage your associates to hold a stake in the company. Offer discounted stock, and grant them stock for their retirement. It’s the single best thing we ever did. Read more of this post
January 20, 2013 2 Comments
“I have been running long distance for many years. I do at least 100 km a week. On most mornings, I run alone before dawn, when the rest of Bombay is still sleeping. I don’t need an alarm to get up. No wake-up call, either. My body clock goes off at 3.30 or 4 a.m. and I get up and get out. I am in a kind of meditative trance when I run. And I run with my thoughts. Some of my brightest business ideas come to me when I’m running by myself.
I have heard about the loneliness of the long-distance runner, but I don’t know about it. When I am running, I am focused on my speed, my timing, and the distance I intend to cover. I don’t really care at that moment what is happening elsewhere. Sometimes I have people running with me for company. They are either faster or slower than I am. Or I run with friends at a pace that makes it easy for conversation. Sometimes I listen to music. It really depends on my mood at the time. Read more of this post
January 13, 2013 2 Comments
“The individual who wants to reach the top in business must appreciate the might of the force of habit and must understand that practices are what create habits. He must be quick to break those habits that can break him and hasten to adopt those practices that will become the habits that help him achieve the success he desires.”- J. Paul Getty