wealthymatters

The Emperor Has No Clothes

July 18, 2013 Leave a comment

wealthymatters

We got into the mess we are in today by not calling a spade a spade.Denial will not magically improve our economy.We can’t ensure prosperity by deluding ourselves.The current state of the economy reminds me of the ’80s. There is a real sense of deja-vu. Things are going to get a lot worse before they get better.

My request to all Indian readers,what ever your political inclinations,please help the country by keeping economic matters at the heart of the debate come the general elections. Debates on corruption,secularism,communalism,statehood,internal security,defence etc. are emotive issues that are taking our attention from the basic job of making money so that there is something left to steal ,waste ,spend,divvy up etc.

Filed under Tidbits Tagged with postaday, stagflation

The State Of The Economy

July 18, 2013 Leave a comment

wealthymatters

Filed under Tidbits, Tool Kit Tagged with average annual inflation, current account deficit, Fiscal Deficit, growth in GDP, postaday, short term debt, state of the economy, subsidy burden

So How Much Do Celebrities Make From Social Media Activity?

July 18, 2013 Leave a comment

Kim Kardashian, who has a whopping 18 million Twitter followers,earns around £7,000 for a single tweet mentioning a specific product. Others like Elizabeth Hurley, Victoria Beckham, Justin Bieber and Wayne Rooney have all tweeted about brands that pay them either per tweet or have endorsement contracts with them.

Celebrities in India too, like their counterparts in the West, have started including social media like Twitter and Facebook in their brand endorsement contracts or are getting paid separately for tweeting about brands, as marketers scurry to reach their online fan base.

Several big and small celebrities including Chetan Bhagat, Anusha Dandekar, Shruti Haasan and Unmukt Chand have already started raking in the moolah through social media deals with brands.Twitter is a very big aspect of a celeb’s reach. Sponsored tweets are gaining traction in India. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with brand endorsement, cashing in your social media following, earning from social media, making money from blogging, making money from facebook, making money from instagram, making money from tweeting, making money from twitter, online advertisements, postaday, social media contracts

Oliver’s Advice

July 17, 2013 1 Comment

Oliver Emberton is the founder of Silktide. Here is his advice for would-be entrepreneurs:

11 years ago I was an impoverished student about to graduate with £14 k in debt. I did what any sensible person would do in this situation, and started my own business.

I co-founded with someone who proved to be less than ideal when he punched me in the face during our second board meeting. He owned 49% of my company. Our first annual profit – £200 – was barely enough to buy one iPod touch.

A decade later I’m almost embarrassingly happy and successful, but the road there was long and winding. Here’s some of what I learned:

On you as a founder

Firstly, do it.
Every single person – from my family to my closest friends – ultimately doubted that this was a good idea. (Many started being supportive, and changed their minds when times got harder). If you feel compelled to do it, don’t let anyone stop you, and don’t expect anyone to support you either. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with Habits of Highly Effective People, Oliver Emberton, postaday, Silktide, start up advice, The E-Myth Revisited, The Personal MBA

Arunachalam Muruganantham – The First Man To Wear A Sanitary Pad

July 17, 2013 Leave a comment

Arunachalam Muruganantham is an inventor from rural Coimbatore. He is the creator of a patented a machine which can manufacture low-cost sanitary pads for less than a third of the cost of commercial pads. His company, Jayashree Industries, markets these machines to rural women all over India and a few countries across the world and provides them employment and a way to uplift them from poverty.