Be Uncomfortable If You Would Be Successful


Reality check: Why denial is bad businessWhen you sit in Vajrasana – the yogic posture with your knees bent, your body takes it for a while and then revolts. If you prolong the position, you get a taste of what Indian yogic torture feels like! But Vajrasana has to be mastered if one has to progress in Yoga.

In business also, being ‘uncomfortable’ is being progressive. Being comfortable is slipping into ‘denial’ and into danger zone.

Take, for instance, the cases of Mark Zuckerberg (CEO of Facebook) and Mark Pincus (CEO of Zynga – a rags-to-riches-to-rags games company).  Read more of this post

Lakshmi Vishnu And The Start-Up


wealthymatters,com In Hindu mythology, Lakshmi (wealth) chases Vishnu. Vishnu has two sides: Kama and Yama. Kama is the irresponsible dreamer of love and life. Yama is the cautious accountant who watches over debt and death.

Kama is the CEO who dreams big and attracts followers. Yama is the CFO who has to keep an eye on the balance sheet.

Kama has garuda-drishti: the bird’s eye view and focuses on the woods not the trees. Yama has sarpa-drishti: the serpent’s eye view and counts the trees and ignores the forest.

The two are eternally churning the ocean of milk, each one knowing when to pull and when to let go.

In your start up, when you focus on your vision ,incur sunk costs,concentrate on acquiring customers and growing the top line you behave as Kama.On the other hand when you focus on limiting risks,cutting costs,managing or reducing debt,maintaining margins and profitability you are behaving like Yama. As long as you manage to strike a balance between both types of activities you are likely to be Lakshmi-pati (wealthy).If Yama stifles Kama,the business will not get off the ground and if Kama gets out of hand,the business is likely to be run into the ground.

What’s Your Excuse ?


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Dealing With The Competition Ratan Tata Style


wealthymatters.com There was a time when Videocon gave tough competition to a Tata entity Nelco by making products 20 per cent cheaper.

Ratan Tata called up Venugopal Dhoot to ask how this was achieved.

“He praised me and studied my model.” – Venugopal Dhoot, managing director of Videocon Industries.

Harsh Goenka On His Favourite Business Leader


wealthymatters,com“I was invited by Ratan Tata for lunch and he asked me where I would like to go. I suggested Taj Chambers. Much to my surprise he said Belvedere at The Oberoi. There was no hint of pride and I was completely bowled over by his simplicity. Despite the difference in our stature, he made me feel at ease. Such is the greatness of the man that he is.” – Harsh Goenka, chairman of RPG Enterprises