Entrepreneurship | wealthymatters

The Interesting Case Of Sadashiv Phene

September 19, 2013 Leave a comment

wealthymatters

Yes I do have my monthly SIPs and I do have a mutual fund portfolio,but long term readers know I lean towards investments where I have a greater degree of control and in general I like to keep things simple and predictable.And I like to invest directly into an asset rather than buy derived products.To me,mutual funds are savings products or places to park cash till better investments turn up.

Today I came across the story of Sadashiv Phene. Here is a gentleman who has built up a respectable net-worth on the basis of mutual funds.Do read the links below.I guarantee you ,you will not waste your time.

I enjoyed reading his story because it opened my mind to new possibilities. Read more of this post

Filed under Entrepreneurship, Paper Assets, Tool Kit Tagged with investing in mutual funds, mutual fund advisor, mutual fund distributorship, Mutual Funds, postaday, Sadashiv Phene

Philanthropy – Google Style

September 18, 2013 2 Comments

wealthymatters When Google went public, it set aside three million shares,which are now worth close to three billion dollars, for philanthropic causes.

Google has also committed an additional 1% of its profits to philanthropic endeavors.It has been donating this money to the community and using it to engineer solutions to the global problems of health, poverty, food, and energy.

A group called Google for Entrepreneurs mentors and supports entrepreneurs in different parts of the world.

Points 1 and 3 ,especially,are well worth emulating in our businesses.

Filed under Entrepreneurship, Philanthropy Tagged with CSR, Google, Google for Entrepreneurs, Google's CSR, Google's philanthropy, postaday

G-mail Bowls A Googly

September 17, 2013 7 Comments

wealthymatters

Even in the age of Twitter posts and Instagram photos, e-mail is still the way marketers reach the hearts – and wallets – of consumers. And that is why retailers are up in arms about Google’s latest tweak to Gmail.

Google has gradually introduced a new inbox with an assortment of folders for different types of messages, including a main inbox and ones for social networking alerts, e-commerce promotions, updates from businesses like banks. For Google, it’s another moneymaking avenue (note the ads that look like emails that now appear at the top of the promotions folder). Also, the company says it wants to fix email overload.

Yet any tiny change that the Internet giant makes has cascading effects for businesses across the Web. Online retailers don’t like this change as a person might log on to Gmail 20 times a day, and look at promotions once a week. Read more of this post

Filed under Entrepreneurship Tagged with e-mail marketing, g-mail, postaday

CTC And Take Home Salaries

September 16, 2013 1 Comment

wealthymatters

The early days of your business are likely to be pretty lean ones money-wise.At the time,if you get discouraged by all the great salaries your contemporaries are raking in and are thinking of giving up,find out if people around you are talking of CTC or take home salaries.Then consider how much they keep post-tax,and then compare it with what you manage to keep for yourself and then decide.

CTC or cost to company is what a company spends on an employee. If something is an “Expense” for a company because of an employee, its part of his/her CTC,

So,companies often add their contribution to the EPF,gratuity(which is payable 5 years from the date of joining),superannuation,leave encashments etc. to the CTC. If employees leave the company after a short while they may never see these incomes. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with CTC, CTC vs take home pay, CTC vs take home salary, employment vs entrepreneurship, employment vs self emoloyement, EPF, food coupons, gratuity, joining bonus, leave encashment, postaday, stock options, superannuation, take home pay, variable component of CTC

Lets Respect The Banias

September 15, 2013 Leave a comment

wealthymatters The following is an article by Jaithirth Rao ,I believe it deserves to be well circulated and well read.I belong to one of these merchant communities.I know that in my generation there are few people who take up trade and business as a vocation.Definitely, people who do so are looked down upon,at least till they are cash rich,then everyone loves your money!

My parents generation tried its level best to give up business and get into the professions.Education of the bookish variety ,was given top priority.But how has this helped the community?How is being an employee so much better than being a business-owner?Yes, the responsibilities are less,the effort might be less,the money might be more regular…….but who owns the job?What have you to show for a life of working in some one else’s business?

Do read the article below and share it.If we want jobs in future,we need entrepreneurs.Many entrepreneurs start by being shop keepers or by manufacturing at the cottage -level.let’s ensure we don’t kill potential with our hostile attitudes.

Businessmen are no greedier than others.In fact, a businessman who is too greedy can’t get people to co-operate and will lose sales. Read more of this post