Tipping Ideas


tippingWhile not every business allows tipping for their employees, many do, and if your business,especially in the US,involves food, most customers will expect to be able to tip their servers. Tipping, however, isn’t as common as it has been in the past, and if you are wondering what you can do to encourage tips from customers, here are some suggestions:

Offer Excellent Service:
Obviously, the best way to get a good tip is by doing a good job. Smile, greet the customer by name if they provide it and give them what they want in a timely fashion. No matter what out-of-the-box tip ideas you come up with, customers won’t give if the service is poor. Granted, some people will be rude anyway, and others won’t even think about it — that’s the tough part about working in the service industry — but being friendly and professional goes a long way.

Reward Tipping With Something:
The Cold Stone franchise is famous for their tipping policy. Every time someone puts a tip in the jar, the workers have to sing. They have a variety of short songs about ice cream written to the tune of another well-known song, and it’s not uncommon at all for customers to tip just to hear them sing. This also works well to keep customers entertained when the line to get ice cream is long and slow. Keeping your customers in a good mood right up until they pay makes it more likely they’ll offer you a tip of their own. Read more of this post

The Grim Side Of Foreign M&As


wealthymattersYes, there is the successful take-over of JLR by Tata Motors, but most of India Inc’s big-ticket overseas acquisitions in the past five to seven years have,eroded wealth. The reasons for this range from high leverage taken to acquire a company , adverse changes in business cycle, or simply , failure to turn around a loss-making unit.

Tata Steel-Corus

Tata Steel acquired Corus, four times its size, for $12.04 billion in 2006. The valuation was more than one and-a half times its initial offer and was paid mainly through debt. Eight years down the line, Corus hasn’t contributed much to Tata Steel’s earnings. The European business was loss-making till FY13 and has not yet shown strong signs of a turn around.

Hindalco­- Novelis

Hindalco acquired Canadian company Novelis for $6 billion in 2007, making the combined entity the world’s largest rolled-aluminium producer. However, the high leverage, resulting from the acquisition and the slowdown in aluminium demand, post acquisition, have led to the company’s stock stagnating at the same level, adding nothing to its value. Read more of this post

Loans Against Insurance Policies


wealthymattersThe news that Life Insurance Corporation (LIC) of India has recently surpassed banks as the largest personal loan lender in India has turned the focus on insurance policies as collateral. Apart from LIC, other life insurers like ICICI Prudential Life and Edelweiss Tokio Life, and several banks, including the State Bank of India (SBI), ICICI Bank and HDFC Bank, offer loans against life insurance policies.

Loans are granted only against traditional policies that have life cover along with a savings element in them. Term insurance covers and unit-linked insurance plans cannot be pledged to secure loans against them.Policies must acquire surrender value -the amount you would get if you terminate the policy after a certain years -to qualify for loans. You must assign the policy in favour of the insurer to get a loan. Typically, insurance companies offer loans up to 85-90% of the surrender value. LIC charges an interest rate of 10%, to be paid every six months. Read more of this post

So What Has Shemaroo Got ?


wealthymattersI love how the web has democratized the media and entertainment industry. So when I heard of the Shemaroo IPO and how an old hand in the industry has decided to leverage new technology, I was immediately interested. Here is a list of the rights they own:

Shemaroo has the rights to 2,918 films. Of this, Shemaroo owns the perpetual rights of 759 films:355 films in Hindi,364 in languages other than South Indian and 40 are children’s and devotional movies. Besides this, Shemaroo owns aggregate rights (limited period ownership) of 2,159 films, of which 1,289 are in Hindi, 728 in regional languages and 142 special interest content.

 

Read The Writing On The Wall


wealthymattersDon’t waste time trying to fight the obvious and get others to change their priorities. Gauge their interest and cut back on the time, attention, effort and resources you have and redirect them to better prospects.