Entrepreneurship | wealthymatters

How To Achieve Your Dreams

February 22, 2013 4 Comments

Think as a farmer does to realise your dreams: act, wait, harvest.

Here is some excellent advice from Alex:

Dreams are seeds waiting to be planted in the field of life.Think as a farmer does to realise your dreams: act, wait, harvest.

Take action to achieve the dream.

Sow nothing get nothing. Do nothing get nothing. A farmer won’t grow a harvest if they plant no seed. Your dream has to be seeded by taking action.

Be patient.

There is no such thing as instant grow seeds. Seeds sown in spring wont be ready to harvest until many months later in late summer. Once the seeds are sown nature takes its own course, patience is required.

Seize the opportunity.

You have put in the work, you have waited patiently and now you harvest the results. Once the crop is ready it has to be harvested, waiting too long the harvest is lost. Regret follows those that despite initial good effort failed to seize the opportunity to make their dream a reality at the harvest time.

Filed under Entrepreneurship, Theory, Tool Kit Tagged with how to achieve your dreams?, learning from farmers, patience, postaday, seize opportunities, take action, the wisdom of farmers

HP Connected Music IndiBlogger Meet

February 17, 2013 5 Comments

wealthymatters

I spent the day at the hp Connected Music IndiBlogger Meet held at Otto Infinito in the BKC. As this was my first blogger meet,I was just looking to see what was what.

I expected to meet other bloggers.And in a way I did.Unfortunately I found the time allotted to interact with each other severely limited.Shaking hands,mumbling greetings and introductions and scribbling on each others’ cards in a few seconds is hardly conducive to getting to know anybody.And it had the feel of one of those networking parties where everyone glues on a fake smile and shakes hands and tries to look interested while their eyes are darting over to the next quarry.Without the cement of genuine feelings networking doesn’t count for anything.Out of the 160 participants.I doubt if I can recall the names,faces and blog details of more than a dozen people and I think that’s a pity.On the bright side,I met a school mate after 19 years.I guess that counts for a lot.In the midst of a group of people both younger and older than me,it helped me get a sense of travelling in a cohort.I value my connections from school a lot more now,than I did at 15,when crossing the next frontier was more important than enjoying what I had at hand. Read more of this post

Filed under Entrepreneurship, Tidbits Tagged with blogger meets, getting favorable blog coverage, hp Connected Music, hp Connected Music IndiBlogger Meet, hungama, IndiBlogger, launching a product, meeting other bloggers, networking with other bloggers, Otto Infinito, postaday, Universal Studios, Windows 8

Luxury Accommodation At The Kumbh Mela

February 16, 2013 1 Comment

wealthymatters We are mostly familiar with the tented city with basic infrastructure that springs up in Allahabad each Kumbha Mela.

But some entrepreneurs have done well by providing more luxurious accommodation and services,Here are 3 examples:

wealthymatters.com The Lakshmi Kutir Cottages, marketed by Cox and Kings is one such example.Entrepreneur Dhruv Singh’s aunt Lakshmi Singh, who stays in a Haridwar ashram, was keen for someone to offer a nice place where devotees of various saints can come and stay comfortably. Dhruv Singh, who runs wildlife cottages in MP and Rajasthan, was game and set up 50 luxury tents, six of which are air-conditioned with wooden floorings. Lakshmi Kutir charges Rs 6,000-Rs 28,500 per night and is situated just outside the main Mela area on a small hillock from where guests can have a panoramic view of the Mela. An in-residence Ayurveda doctor offers herbal treatments and massages. The guests include a 40-member group from Harvard University, which comprises of their alumni, students and professors who have come to study the lessons offered by the Kumbh Mela. Read more of this post

Filed under Entrepreneurship Tagged with air conditioned tents, Australian ABC, ayurveda, bed and breakfast, Cox and Kings, Dhruv Singh, entrepreneurship in the Kumbh Mela, fire and waterproof tents, Harvard University, hospitality start up, Kanchan Villa, Kumbh Cottages, Lakshmi Kutir Cottages, Lakshmi Singh, Lukerganj Allahabad, luxury tents, National Geographic, postaday, Ragini Singh Chandel, Swiss Cottage Tents, wild life cottages, wooden floored tents

Agricultural Insurance Company Of India Limited

February 10, 2013 Leave a comment

wealthymatters

Freak weather incidents are becoming increasingly frequent .This makes farming more risky nowadays.Add to that,modern farming is more capital intensive.So it makes sense to protect one’s investment with crop/weather insurance.

IFFCO-Tokio’s weather insurance is better publicized.But there is one other private alternative: ICICI-Lombard’s Weather Insurance.However the lion’s share of the covers are provided by the Agricultural Insurance Company Of India (AIC).

AIC was incorporated on 20 December 2002 with an authorised capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India (GIC) (35%), NABARD (30%) and the four public-sector general insurance companies (8.75% each), viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd., New India Assurance Co. Ltd., and United India Insurance Co. Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India. Read more of this post

Filed under Alternative Assets, Entrepreneurship, Paper Assets, Tool Kit Tagged with agricultural insurance, Agricultural Insurance Company Of India (AIC), crop insurance, General Insurance Corporation of India (GIC), ICICI-Lombard's Weather Insurance, IFFCO-Tokio's Barish Bima, Insurance, IRDA, NABARD, National Agricultural Insurance Scheme, National Insurance Co. Ltd, New India Assurance Co. Ltd, Oriental Insurance Co. Ltd, postaday, public-sector general insurance companies, United India Insurance Co. Ltd, WBCIS - Weather Based Crop Insurance Scheme, weather insurance

Checklist To Improve The Valuation Of Your Business

February 10, 2013 4 Comments

wealthymatters

Ways To Bump-up The Valuation Of Your Business

Dream Team
The ideal management consists of people who have been part of successful mega-deals, have depth in your industry, and worked together as a team. Sadly, there’s no such group. But some get close. Tap them.
Board Seats
Ensure a majority of board consists of outsiders. Try and attract some well-known luminaries without cash, and build on their reputations to benefit your own valuation.
Clever Affiliations
Part of the concept in both Dream Team and Board Seats is to build value by affiliation. The concept can be extended to contract, outsourcing, and joint venture deals.
Solve a Problem
Whatever the product or service you offer, it must solve some human problem that is not solved better elsewhere. Read more of this post