Focus On Resilience Not Short Term Perfomance


wealthymatters

Here is a great article I came across in a back issue of the HBR on what we can learn from family businesses.Link

Personally I have always been inclined to family businesses,despite the contempt that they are often held in by many professional managers and financiers.

I have always found their long term focus,caution and frugality appealing.I’m happy to find a HBR article supporting my views.Pity the authors couldn’t add Asian companies to the list.

E. Sarathbabu In His Own Words


wealthymatters

I was born and brought up in a slum in Madipakkam in Chennai. I have two elder sisters and two younger brothers and my mother was the sole breadwinner of the family. It was really tough for her to bring up five kids on her meagre salary.

As she had studied till the tenth standard, she got a job under the mid-day meal scheme of the Tamil Nadu government in a school at a salary of Rs 30 a month. She made just one rupee a day for six people.So, she sold idlis in the mornings. She would then work for the mid-day meal at the school during daytime. In the evenings, she taught at the adult education programme of the Indian government.She thus did three different jobs to bring us up and educate us.Although she didn’t say explicitly that we should study well, we knew she was struggling hard to send us to school. I was determined that her hard work should not go in vain.I was a topper throughout my school days.

In the mornings, we went out to sell idlis because people in slums did not come out of their homes to buy idlis. For kids living in a slum, idlis for breakfast is something very special.

My mother was not aware of institutions like the Birla Institute of Technology and Science, Pilani, or the Indian Institutes of Technology. She only wanted to educate us so that we got a good job. I didn’t know what I wanted to do at that time because in my friend-circle, nobody talked about higher education or preparing for the IIT-JEE. When you constantly worry about the next square meal, you do not dream of becoming a doctor or an engineer. The only thing that was on my mind was to get a good job because my mother was struggling a lot. Read more of this post

Twitter Wisdom


wealthymatters

Sales Nous From Oliver Emberton


wealthymattersA while back I posted advice from Oliver Emberton :Here

Today,there’s a piece from him on sales.Do read.

When I first started a business, I was 21, bald, and had the social confidence of an asthmatic field mouse.

Fortunately I started my business with an ultra-confident Sales Director, who unfortunately turned out to be both hopeless and completely mental. He punched me in the face during our second board meeting.

At one of our first pitches to a prospective client he bragged how he “wasn’t much of a techie” and “didn’t know how to use email”. These were not inspiring words from a cutting edge web design company. Read more of this post

Getting A US Visa


wealthymatters

Sergey Brin, a Russian emigrant, co-founded Google; Andrew Grove, originally from Hungary, co-founded Intel; both Steve Chen of YouTube and Jerry Yang of Yahoo came to the U.S. from Taiwan.Brazilian-born Mike Krieger moved to California in 2004 where he met future partner and fellow co-founder of Instagram,Kevin Systrom. Danish co-founders Jon Froda and Anders Pollas created Podio in early 2009. Indonesian-born Malcolm Ong met his fellow co-founder, Michael Karnjanaprakorn, co founded Skillshare while they both working at other start-ups.America is the place of choice, for the infrastructure it provides for entrepreneurs.Following are your visa options to make your way to the US: Read more of this post