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Right To A Married Woman’s Income

February 11, 2013 Leave a comment

wealthymatters

Increasingly,in India, women work outside the home post marriage.So what right has a married woman to her own earnings?

Rarely do women do as they wish with their earnings.Coercion is more the order of the day.So ladies,if you want a strong counter argument for husband,family and in-laws ,here it is :

Married Women’s Property Act, 1874 – Section 4. Married women’s earnings to be their separate property

The wages and earnings of any married woman acquired or gained by her after the passing of this Act, in any employment, occupation or trade carried on by her and not by her husband,

and also any money or other property so acquired by her through the exercise of any literary, artistic or scientific skill,

and all savings from and investments of such wages, earnings and property, shall be deemed to be her separate property, and her receipts alone shall be good discharges for such wages, earnings and property.

Filed under Theory, Tool Kit Tagged with husband's right to wife's income, husbands right to woman's income, in-laws right to woman's income, Married Women's Property Act 1874, Married Women's Property Act 1874 - Section 4. Married women's earnings to be their separate property, postaday, women's right to own income

Agricultural Insurance Company Of India Limited

February 10, 2013 Leave a comment

wealthymatters

Freak weather incidents are becoming increasingly frequent .This makes farming more risky nowadays.Add to that,modern farming is more capital intensive.So it makes sense to protect one’s investment with crop/weather insurance.

IFFCO-Tokio’s weather insurance is better publicized.But there is one other private alternative: ICICI-Lombard’s Weather Insurance.However the lion’s share of the covers are provided by the Agricultural Insurance Company Of India (AIC).

AIC was incorporated on 20 December 2002 with an authorised capital of Rs. 1500 crore. The initial paid-up capital was Rs. 200 crores, which was subscribed by the promoting companies, General Insurance Corporation of India (GIC) (35%), NABARD (30%) and the four public-sector general insurance companies (8.75% each), viz., National Insurance Co. Ltd., Oriental Insurance Co. Ltd., New India Assurance Co. Ltd., and United India Insurance Co. Ltd. AIC is under the administrative control of Ministry of Finance, Government of India, and under the operational supervision of Ministry of Agriculture, Government of India. Read more of this post

Filed under Alternative Assets, Entrepreneurship, Paper Assets, Tool Kit Tagged with agricultural insurance, Agricultural Insurance Company Of India (AIC), crop insurance, General Insurance Corporation of India (GIC), ICICI-Lombard's Weather Insurance, IFFCO-Tokio's Barish Bima, Insurance, IRDA, NABARD, National Agricultural Insurance Scheme, National Insurance Co. Ltd, New India Assurance Co. Ltd, Oriental Insurance Co. Ltd, postaday, public-sector general insurance companies, United India Insurance Co. Ltd, WBCIS - Weather Based Crop Insurance Scheme, weather insurance

Checklist To Improve The Valuation Of Your Business

February 10, 2013 4 Comments

wealthymatters

Ways To Bump-up The Valuation Of Your Business

Dream Team
The ideal management consists of people who have been part of successful mega-deals, have depth in your industry, and worked together as a team. Sadly, there’s no such group. But some get close. Tap them.
Board Seats
Ensure a majority of board consists of outsiders. Try and attract some well-known luminaries without cash, and build on their reputations to benefit your own valuation.
Clever Affiliations
Part of the concept in both Dream Team and Board Seats is to build value by affiliation. The concept can be extended to contract, outsourcing, and joint venture deals.
Solve a Problem
Whatever the product or service you offer, it must solve some human problem that is not solved better elsewhere. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with affiliations, business plan, deal structure, dream team, full disclosure, How to improve the valuation of your business?, How to improve the valuation of your company?, outsiders on the board, postaday, product line up, protecting intellectual property, testimonials

Making Your Business Saleable

February 10, 2013 1 Comment

wealthymatters

Even if you are not the sort of person to build a business to take it public or sell it to a strategic buyer,it makes sense to build a business you can sell. After all there might be a day when you can no longer work and your business might be one of your major assets;An asset you can no longer manage or your children might not take to business or perhaps a particular business despite all your efforts to groom them etc.So who knows when you might find yourself using BizBuySell or something else along the lines?

With the day-to-day demands of running businesses, most owners put off getting a valuation until a sale is imminent. But its a good idea to start treating the valuation of businesses as an integral part of running them. If you like to think you’re building something that you can sell someday and don’t focus on valuations, you don’t know if you really are. BizEquity and uValue, an iPhone app developed by Aswath Damodaran, a valuations expert at the Stern School of Business at New York University, might be places to begin. Read more of this post

Filed under Entrepreneurship, Tool Kit Tagged with asset approach, BizBuySell, BizEquity, business brokers, chartered accountant, earnings multiple, exit strategy, explanation for valuation, improving the valuation of a business, income method, market approach, postaday, uValue an iPhone app developed by Aswath Damodaran of the Stern School of Business at New York University, valuation as a planning tool, valuing your business

Coping With Change

February 10, 2013 2 Comments

Cope with change by staying calm, adaptable and open to support.

Here is some excellent advice from Alex :

Life is always changing, often those changes can be unexpected and those things that we tend to take for granted can be lost to us.

Change in life is rarely rainbows and happy smiles, more likely unexpected shocks that are challenging and sometimes traumatic. Change presents challenges and uncertainties that change relationships.

The first rule in dealing with change is to stay calm. If you lose your head you are going to make mistakes and cause more problems for yourself.

The second rule is to adapt to the change. No point fighting to oppose and control change. Better to flow with the change.

The third rule is call in support, a friend or ally to help you cope with the change.