Entrepreneurship | wealthymatters

Rajiv Bajaj On Strategy

September 22, 2013 Leave a comment

wealthymatters Ask Rajiv Bajaj what is strategy and he sums it up in a word: specialization. And that relentless focus on what you do best calls for “sacrifice” — of what self-styled experts and rivals, and even what daddy (Rahul Bajaj), thinks is best. In business terms, it meant exiting scooters — a segment many believe still has steam for growth — and narrowing the vision to motorcycles. “You can play 10 games and be the best in Pune or concentrate on one and be the best in the globe,” explains Bajaj. “It [the strategy] is the alignment of the front end with the back end. It is more about what you choose not to do rather than what you choose to do.” Read more of this post

Filed under Entrepreneurship, Paper Assets Tagged with Bajaj Auto strategy, focus on the important, postaday, Rahul Bajaj, Rajiv Bajaj

Rajesh Jain – Friend Of The BJP

September 22, 2013 Leave a comment

wealthymatters Rajesh Jain is a Mumbai based serial entrepreneur , investor, technologist and committed BJP supporter.He is the founder and Managing Director of Netcore Solutions Pvt Ltd.Should you wish to get to know him better,you can catch up with his views on his personal blog Emergic.org. He has been a key backroom player in creating the Narendra Modi wave on social media.He started the network of professionals called Friends of BJP and funded the right-leaning website NitiCentral .

He made many millions early on, when he sold his portal IndiaWorld-India’s first Internet portal which was launched in 1995-to Sify ,in 1999, for 500 crore.

He is currently invested in 11 companies through his own fund -Emergic Venture Capital.

Novatium – Network Computers ($100 PC)
Rajshri Media – Broadband and Mobile Portal
Midas – Communications Equipment
n-Logue – Rural Services
ValueFirst – Enterprise Mobility (SMS)
Greynium – Local Language Portals and Classifieds
mChek – Mobile Payments
New Horizon Media – Local Language Publishing
Yos Technologies – Personal Healthcare Records
Intelizon – Solar Energy for Rural Electrification
Mobifusion – Consumer Mobile Apps

With Narendra Modi becoming a popular search term on the internet, it should be interesting to watch the what Rajesh Jain does next.

Should you be interested in an interview,check out the one here:Link

Filed under Entrepreneurship Tagged with BJP supporter, dot.com millionaire, Emergic Venture Capital, Emergic.org, Friends of BJP, Greynium, IndiaWorld, Intelizon, Investor, mChek, Mobifusion, n-Logue, Narendra Modi, Netcore Solutions Pvt Ltd, New Horizon Media, NitiCentral, Novatium, postaday, Rajesh Jain, Rajshri Media, serial entrepreneur, Sify, ValueFirst, Yos Technologies

Food Inflation Stats

September 22, 2013 2 Comments

wealthymatters

Here are some figures to use when planning for retirement.

How about a bit of vegetable farming or trading?

Filed under Entrepreneurship, Paper Assets, Tool Kit Tagged with food inflation, postaday

Honey Traps

September 21, 2013 3 Comments

wealthymatters Today’s find has been the pheromone-based pest control traps made by Bangalore-based Barrix Agro Sciences.

Barrix Agro Sciences is a start-up founded by Lokesh Makam-an MBA in pharmaceuticals management who had worked for companies such as Ranbaxy, Dabur and Himalaya and Mayil Vaganan who had worked at pharma majors like Cadila Pharmaceuticals and Ranbaxy, before changing their focus to agriculture.The company was set up in 2011 with their personal savings of 23 lakh.

Fruit and vegetable farming are simple ways of making more from smaller land holdings.And the greatest challenge you will face in bringing up a good crop are the fruit and vegetable flies. They create holes in the fruits and vegetables and make them unfit for sale, You end up spending about 50,000 per hectare on pesticides.

The problem with pesticides is that besides being expensive, they are washed away by the rains. The pheromones developed by Barrix are artificially synthesized smelling agents that attract pests. Instead of eating the crops, the pests are attracted to the pheromones in the traps and so can be trapped and destroyed. Read more of this post

Filed under Alternative Assets, Entrepreneurship, Tool Kit Tagged with Barrix Agro Sciences, Cadila Pharmaceuticals, Dabur, Farming, fruit farming, fruit flies, Himalaya Drug Company, Lokesh Makam, mango crops, Mayil Vaganan, MBA in pharmaceuticals management, pheromone-based pest control traps, postaday, Ranbaxy, start-up, vegetable farming, vegetable flies

Eiji Toyoda – The Bard Of The Assembly Line

September 20, 2013 2 Comments

wealthymatters

Eiji Toyoda died,earlier this week, at the age of 100, almost 30 years after retiring from active management of Toyota Motors.

Like Alfred Sloan and Henry Ford before him, Toyoda was an engineer whose vision dominated the company in its formative years and beyond. He transformed Toyota into a global powerhouse with management and manufacturing processes that transcended the auto industry.

Where would we be without kanban, kaizen, muda, and keiretsu, as well as acronyms like JIT (just in time), TQC (total quality control), ZD (zero defects), and TPS (Toyota Production System)?

Although Taiichi Ohno is known as the father of the Toyota Production System, Toyoda probably deserves more credit for its development. He encouraged his team to learn from W Edwards Deming, to study the Ford production system, and to use data to refine manufacturing processes. Read more of this post