March | 2011 | wealthymatters

Life of a Solopreneur

March 10, 2011 Leave a comment

This post was originally posted here :http://www.pluggd.in/ekla-chalo-re-story-of-a-single-founder-solopreneur-297/.It gives a good idea of what it is like to be a solopreneur and do an Ekla Chalo Re.I like the idea of starting off immediately by onself without waiting for a perfect launch.After all, a lot of ventures fail but if you never start you can never fail much less succeed.Just contain the downside risk and maximize the upside potential and begin!But do read the story of Sumeet of Kreeo before you begin.

As an entrepreneur one must be focused on being successful whether as a team or single! What is most important is starting up and getting into execution mode rather than waiting for a perfect situation (team, funds, prototype, and customers). None of your dreams will come true if you just keep dreaming and planning. You can’t learn swimming without getting into water.

Coming to the dilemma of starting up as a team (one of the most important factor for getting funding also) or a single entrepreneur. I think it has no impact on the success of your venture. You will need a leadership team for sure but it’s not important to have it in place right from the start (VCs will tell you otherwise), a team can be formed as you move on (only if you don’t need VC money). Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with Cranes Software, Ekla Chalo Re, entrepreneur, funding, Kreeo, leadership, MBA Goa Institute of Management, mentor, NIIT, postaday2011, RandomBlog2011, Satyam, solopreneur, St Stephens, Sumeet Anand, team, VC

5 Habits of Financially Successful People

March 9, 2011 1 Comment

Here is a piece I found while surfing at Wise Bread.com wealthymatters.com http://www.moneymanagement.org/Community/Blogs/Blogging-for-Change/2011/January/Five-habits-of-financially-successful-people.aspx Check if you have the following criteria in place if you are serious about being financially successful.

What is the true definition of financial success? Although it varies from person to person it can usually include: the ability to pay bills without worry, being free of debt, and having enough money in savings for things such as emergencies, family vacations, retirement, college funds, and more.

Being financially successful is easier said than done. There are no quick fixes or magic formulas for achieving financial success. Financially successful people understand the difference between wants and needs and how to create clear financial objectives for achieving their goals. Below are five habits of financially successful people. Read more of this post

Filed under Tool Kit Tagged with Budget, credit, credit report, dream, financial education, financial freedom, financial goals, Habits of Financially Successful People, interest rates, Money, plan, postaday2011, RandomBlog2011, saving, scams and frauds

Shri Siddhivinayak Maharaj

March 9, 2011 1 Comment

Shri Siddhivinayak is one of the popular deities of Mumbai.His temple is located at Prabhadevi.Here is the link to the temple website : http://www.siddhivinayak.org/

The idol of Shri Siddhivinayak here is carved out of a single black stone and is 2’6” high and 2′ wide with the trunk on the right. The upper right and left hands hold a lotus and an axe respectively while the lower right and left hands hold a japmala and bowl full of Modak respectively. As it resembles the sacred thread, a snake appears on the left shoulder to right side belly. On the forehead of deity is an eye, which almost looks like the third eye of Lord Shiva. On both sides of the Lord Ganesh idol, are placed one idol each of Riddhi and Siddhi goddesses who appear to be peeping from behind Ganeshji. Because of these two deities along with Lord Ganesh, this temple is known as the Siddhivinayak Ganapati Temple. These goddesses signify sanctity, success, wealth and prosperity. Read more of this post

Filed under Tidbits, Tool Kit Tagged with Bachchan, billionaire, Deity, Ganapati, Ganeshji, Ganpati, Hinduism, LN Mittal, Lord Ganesh, Marathi, Mumbai, Navasacha Ganapati, Navasala Pavanara Ganapati, postaday2011, Prabhadevi, prayer, RandomBlog2011, Riddhi Siddhi, Shri Siddhivinayak, Shri Siddhivinayak Aarti, Shri Siddhivinayak Mandir, success wealth and prosperity, Vignaharta

What To Do With Money

March 9, 2011 2 Comments

I came across this post today http://thechristianminimalist.wordpress.com/2011/03/09/how-to-create-a-treasure-map-that-your-heart-will-follow/#comment-98

How to Create a Treasure Map That Your Heart Will Follow?

Stop Wasting Your Money on Temporary Things

Move the Money and Your Heart Will Follow

Invest in Things with Eternal Value

The post spoke to me to me in some strange way.So I decided to record it here in my blog.I plan to reflect on it and let the message sink in.

Filed under Philanthropy, Tool Kit Tagged with Philanthropy, what to do with your money

Tata Style Philanthropy

March 9, 2011 4 Comments

Here is something I found while surfing today.I found it here http://trak.in/tags/business/2007/06/26/this-is-what-lakshmi-mittal-has-to-say-about-his-competitor/ .The blogger believes the words originate from LN Mittal.In which case it would be high praise indeed for the Tatas from a competitor.Even if the note is authored by someone else it doesn’t detract from the fact that Tata Style Philanthropy is worthy of respect and well worth emulating.The picture above shows Jamshedpur.

“Most of us know Lakshmi Mittal to be the richest person in United Kingdom. We also know him as a Steel Industry Baron who took over Arcelor against all odds. However, more than money and business, he is a great human being and never fails to give credit where it is due, even if it means his own biggest rival.

Here is a note written by Lakshmi Mittal after his recent visit to TISCO: (It is long, but well worth the read)

‘I visited Jamshedpur over the weekend to see for myself an India that is fast disappearing despite all the wolf-cries of people like Narayanamurthy (mentor of Infosys) and his ilk. It is one thing to talk and quite another to do and I am delighted to tell you that Ratan Tata has kept alive the legacy of perhaps India’s finest industrialist J.N. Tata. Something that some people doubted when Ratan took over the House of the Tata’s but in hindsight, the best thing to have happened to the Tata’s is unquestionably Ratan.I was amazed to see the extent of corporate philanthropy and this is no exaggeration.For the breed that talks about corporate social responsibility and talks about the role of corporate India, a visit to Jamshedpur is a must. Go there and see the amount of money they pump into keeping the town going; see the smiling faces of workers in a region known for industrial unrest; see the standard of living in a city that is almost isolated from the mess in the rest of the country. Read more of this post