Mobile Payment Processing

February 10, 2014 2 Comments


wealthymattersMobile payment processing can turn a phone into a POS system instantly. Consequently, merchants can accept any type of payment through  on-the-go mobile credit card payments. For small businesses, this service is tremendously beneficial as they don’t have to go to the expense of setting up the traditional type of credit card processing services.

Mobile credit card processing has the following important benefits:-

• The first benefit of mobile credit card processing is cost effectiveness. The service is cheaper than what traditional credit card processing costs, and so it helps to add to  overall business profit.

• With mobile credit card processing, there is less chance of fraud. This is because you receive real-time validations, so the risk of receiving a fraudulent payment is almost completely eliminated.

• Another major benefit is that it’s fast and easy to get set up and start receiving payments.  Read more of this post

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Kick The But

February 6, 2014 1 Comment


wealthymattersHere follows a great story from Quora –

A very smart woman I worked with once told me that if I eliminated the word “but” from my professional vocabulary, I’d find greater acceptance for my ideas, and greater cooperation from my team members. She said people would have a very different perception of me if I could change this one thing.

The reason, she said, is because the word “but” negates everything that precedes it, and you cast a negative spin on anything you say when you use it.

Consider, for example, “We can do it this way, but it’ll be way too expensive given our budget,” versus “We can do it this way, and if we do, we’ll need to cut back on other important features.” The first indicates that we can’t even consider the option. The second acknowledges possibility and describes consequences.

“But” is exclusive and isolating, “and” is inclusive and welcoming.

She was absolutely right, and it’s advice I have used with great success for the past 30 years of my life.

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Pay It Forward – Lesson From Silicon Valley

February 6, 2014 Leave a comment


wealthymattersWhen Vijay Vashee joined Microsoft in 1982 he was just one of two Indians at the 160-person company. It added several more recruits from India, mostly IITans, over the years. They held low-level technical positions. Vashee became the first Indian to break through Microsoft’s glass ceiling in 1988 when he was named general manager for Microsoft Project. In 1992 he was asked to head the fledgling PowerPoint Division and helped grow this from $100 million to a billion-dollar business.

About the same time as Vashee, Indians in Silicon Valley began breaking glass ceilings. They all faced the same hurdles: a belief that Indians made great engineers but were not capable of becoming managers—certainly not CEOs. A common perception was that they didn’t know how to delegate authority and could not lead companies. Fast forward to today when  the Microsoft CEO Satya Nadella is India-born. Sundar Pichai another contender for the job is also Indian American. Yet they would not have made the list a few years ago because of the negative stereotypes. This shows how much the technology industry—and America has changed. How did this transformation happen?

Very simply: Indian Americans started helping Indian Americans—regardless of their caste, religion, and regional heritage. They decided to forget which part of India they were born in and just to focus on the cause. When the first generation of Indians in Silicon Valley succeeded in shattering the glass ceiling, they decided to help others follow their path. They realized that they had all surmounted the same obstacles. They had open discussions about the hurdles they had faced. They formed networking organisations such as TiE to teach others about starting businesses, and to bring people together. The first generation of successful entrepreneurs—people like Vijay Vashee—served as visible, vocal, role models and mentors to the next. And they provided seed funding to members of their community. This helped Indians achieve extraordinary success. Read more of this post

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The Way To Customer Delight

February 5, 2014 Leave a comment


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A Source Of Power

February 3, 2014 Leave a comment


wealthymatters“When you realize that life as we know it was just made up by a bunch of people no smarter than you, you’ll realize that you have the power to change it.”- Steve Jobs

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