Entrepreneurship | wealthymatters

Quotes From Dhirubhai Ambani

September 6, 2011 55 Comments

wealthymatters.com

Personally I admire Dhirubhai Ambani’s way of not letting other people circumscribe his dreams.I believe that if a person can dream up something he/she can do it.It may take time and effort and persistence but its not impossible. Personally I believe dreams are worth fighting for because they are a representation of out truest self and out innate abilities.Anytime I have self doubts I find that reflecting on incidents from his life gives me courage.After all life has not tested me in the way it did him.And anytime anybody tells me that something is undoable in one lifetime I just tell myself to see how far Dhirubhai came in one lifetime.Following are some quotes from the great man.Use them to spur you on in life.

“Only when you dream it you can do it.”

“For those who dare to dream, there is a whole world to win!”

“I, as school kid, was a member of the Civil Guard, something like today’s NCC. We had to salute our officers who went round in jeeps. So I thought one day I will also ride in a jeep and somebody else will salute me.”

“I am deaf to the word “no”.” Read more of this post

Filed under Entrepreneurship, Theory Tagged with Dhirubhai Ambani, Dreams, entrepreneur, Entrepreneurship, post a day, Quotes, RandomBlog2011, Reliance

How To Grow A Business

August 30, 2011 3 Comments

This is a list of 10 steps to grow your business from scratch.You have to put in some time ,a bit of your labour and maybe a bit of your savings at the beginning and then bootstrap your way up.It is inspired by the post here:- http://7million7years.com/2011/08/26/why-most-business-owners-are-not-wealthy/

Find something you can make or something you can do that somebody else will pay you for.
Find out if others will pay you to make or to do the same thing for them too.
If the answer is yes to point 2,find out ways of locating other such customers.
Make a detailed note of how to go about finding and getting customers the fastest,easiest and cheapest way. Read more of this post

Filed under Entrepreneurship, Theory, Tool Kit Tagged with !0 Steps To Grow Your Business, automation, Bootstrapping, capital expenses CAPEX, deskilling, Entrepreneurship, mechanization, outsourcing, postaday2011, profits, RandomBlog2011, software, working capital

Sunil Bharti Mittal and Entrepreneurship

August 22, 2011 27 Comments

wealthymatters.com Dr.Sunil Bharti Mittal, Padma Bhushan ,was born in Ludhiana.He is a first generation entrepreneur. His father is the late Sat Pal Mittal MP.

Mittal’s first venture was making crankshafts for local bicycle manufacturers.He started in 1976 at the age of 18, with a capital investment of 20,000 borrowed from his father. Within three years he had set up two more plants, one that turned out yarn and the other stainless-steel sheets used for surgical utensils.

The initial days proved to be difficult and he earned very little from his businesses. But he kept at it.His businesses required him to travel a lot — sometimes, with very little in his wallet. In those days he travelled alongside his goods at the back of trucks. Travelling by air was out of the question — a train ticket was all he could afford. Hotels were out too — small hostels and clubs were what his budget allowed. He put in 16 to 18 hours each day, but his business just didn’t take off. So after mulling over other possibilities, he changed track. Read more of this post

Filed under Entrepreneurship, Theory Tagged with Bharti enterprises, cell phone, Entrepreneurship, outsourcing, postaday2011, RandomBlog2011, Sunil Bharti Mittal, Telcom, Zain

Sudhir Hasija-The Upwardly Mobile Entrepreneur

June 26, 2011 24 Comments

Sudhir Hasija is the chairman of the Rs 1200 crore homegrown handset maker Karbonn Mobiles.Here is a link to the company’s website:http://www.karbonnmobiles.com/.

His story will tell you how a person with few means can get into wholesaling and then into manufacturing.So for all would- be industrialists here is his story:

55 year old Sudhir Hasija, is the son of a government clerk. He left his home in Meerut, Uttar Pradesh, after clearing his Class 10 exams. He then moved to Hyderabad where he spent three years in a machine tools company and saved around Rs 3,000. He used this money to set up a business selling TV accessories such as antennas and trolleys in Chennai. It was a difficult struggle. He would climb to the rooftops of buildings bare footed in the scorching heat to install antennas. He used to wash at railway stations and stay in low-cost lodges. However he persisted and managed to built a thriving business that he expanded across other southern cities. Read more of this post

Filed under Entrepreneurship Tagged with 3G phones, Africa, Alcatel-Lucent SA, antennas, Apple, Bangalore, cell phone, Chennai, communication device, customer need, Delhi, design house, distribution channel, distributor, dual SIM phones, emerging markets, entrepreneur, Entrepreneurship, France, grey market, handset, Hyderabad, IDBI Bank, industrialist, innovation, iPad, Jaina Group, Karbonn Mobiles, Karnataka, Latin America, long battery life, low cost tablets, machine tools, manage supply chain, manufacturing, Market Share, Meerut, Micromax, mobile phone, multinational majors, Nokia, postaday2011, Pradeep Jain, Private Equity, RandomBlog2011, rural market, Samsung Electronics, Samsung Galaxy Tab, software development facility, South Korea, start-up, Sudhir Hasija, technology, telcom market, telecommunications equipment, television maker, TV accessories, TV Trolleys, United Telelinks, urban market, Uttar Pradesh, wholesaling

5 E-mail Tips for Newbie Entrepreneurs

March 11, 2011 6 Comments

Many entrepreneurs, especially first-timers take e-mail communication casually and in the process, hurt their own interests. Here are a few simple tips that will help show your business in a better light.

1.Stop using free e-mail for your business: If you want to be taken seriously, do yourself a favor :quit using free e-mail like yahoomail,g-mail,hotmail etc.for business.

Get your firm a domain name and use Google Apps or the services provided by your domain host to get a business-like e-mail ID.

Don’t be cheap here.Don’t go for free e-mail hosting.The inappropriate ads and security issues are bound to put- off a saint.

2.Make the subject line clear: Busy people want to allocate their time well. A clear title allows people to decide quickly on the importance and urgency of your e-mail.Avoid wasting other people’s time and they will think better of you.So take the time to write a good subject line.

3.Write actionable e-mails:There are two kind of emails. One that converts into actionable point , and the other that goes nowhere. Read more of this post