Lesson From The Samudra Manthan
September 30, 2013 Leave a comment
Don’t be distracted from pursuing your goals.
Big Business Style Legitimate And Bona Fide Transactions
September 30, 2013 Leave a comment
Licences and large sunk costs are entry barriers.And its small wonder that big money always want to grab licences.Even if businesses are not built round licences,licences are tradeable and so there is always a scope to grow one’s money by doing so.Also owning companies allows people to be part of interesting deals.
After studying the Radia tapes and investigating the matter, the Serious Frauds Investigating Office has uncovered the above money trail.The accused parties maintain that these are legitimate and bona fide real estate transactions.Watching how the case proceeds through the courts and how the political class deals with it,is going to be very educational.
Peter Thiel’s Advice For Entrepreneurs
September 28, 2013 Leave a comment
Here are 8 tips for entrepreneurs from Peter Thiel ,co-founder of Paypal, entrepreneur,venture capitalist and hedge fund manager.
1. Do not sell your company too early.
2. Find your niche. Don’t try to revolutionize an entire industry like “health” or “energy” straightaway. Start with a project that helps a small group of people.
3. Make sure that the money that your company earns is re-invested in the company.
4. Talent is everything. Work with the best. If you are the smartest person in the room, leave the room.
5. Entrepreneurship is about resilience and resourcefulness. Be an optimist!
6. It’s not sufficient to be incrementally better than your competitors. Online, competition is global.
7. Work hard. But more importantly make sure you work on the right thing.
8. Combining two words works well for branding: face-book, pay-pal.
Karl Albrecht Speaks
September 27, 2013 Leave a comment
“Start out with an ideal and end up with a deal.”
“Customer needs have an unsettling way of not staying satisfied for very long.”
“If you’re not serving the customer, you’d better be serving someone who is.”
“Albrecht’s Law – Intelligent people, when assembled into an organization, will tend toward collective stupidity.”
“If the frontline people do count, you couldn’t prove it by examining the reward systems in most organizations.”
“Change your language and you change your thoughts.”
“The typical human life seems to be quite unplanned, undirected, unlived, and unsavored. Only those who consciously think about the adventure of living as a matter of making choices among options, which they have found for themselves, ever establish real self-control and live their lives fully.”
Buses And Businesses
September 27, 2013 Leave a comment
“For me, businesses are like buses. You stand on a corner and you don’t like where the first bus is going? Wait ten minutes and take another. Don’t like that one? They’ll just keep coming. There’s no end to buses or businesses.”-Sheldon Adelson
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