Follow Ten rules to become a successful entrepreneur

Make the commitment 

Entrepreneurship can be learned. But you have to be committed to the process of building your own thing and the act of creating something, rather than just coming up with an idea. It will likely take several ideas, with the learning process of failing on a couple, before you can call yourself a successful entrepreneur.


Find a problem, then solve it.

Rather than finding a new idea first, try finding a problem first. Problem solvers make successful entrepreneurs. Idea people are dreamers, who often don’t enjoy the hard work of a solution in a specific timeframe to make money.


Think big. Thing new. Think again.

In other words, make sure your solution will scale up. Professional investors will tell you they look for business plans that can credibly project revenues of at least $20M within five years, or they won’t justify an investment.


You can't do it alone.

Have a support team of people you know and trust. An idea person and a problem solver make a great team. Successful entrepreneurs have to work well with people, whether they be partners, investors, employees, suppliers, or customers.


You must do it alone.

But the dichotomy is that there are things that you have to do alone. “The buck stops here.” You have to be decisive, accept responsibility, and provide the vision. Vision is not a group-think activity. Sometimes decisions have to be made quickly, and with very little hard data, so you need the confidence in your gut.


Manage risk.

Without risk, there can be no innovation. Not every idea can, or will, be a winner. Fear of failure will kill innovation, but reckless disregard for risk will kill a business. The successful entrepreneur is able to find the balance between these two extremes.


Learn to lead

In a startup, the entrepreneur leader has to do two things. First, drive the business creation process, and secondly, inspire all the others. The others include the rest of the team, investors, and customers. That means hands-on leadership and effective communication.


Learn to sell

Don’t believe the old myth that “if we build it, they will come.” Selling is a learned skill, and takes effort, just like building a product. Everyone in your startup, especially the entrepreneur, needs to understand sales, and needs to be a salesman.


Persist, persevere, prevail

Experts say the prime cause of failure in business is quitting too soon. The successful entrepreneur never gives up, and uses creativity to overcome all obstacles, including personal, financial, and technical ones.


Time, not money, is the key resource

Entrepreneurship is a lifestyle, not a job. Be prepared to play the game for life. There are no quick fixes, or quick get-rich solutions. Learn to manage and balance your time; it’s the one thing that belongs to you alone. Great entrepreneurs have a life outside of work, and find time to give back.

"Proof of the Pythagorean Theorem "

What is the Pythagorean Theorem?

The Pythagorean Theorem states that, in a right triangle, the square of a (a²) plus the square of b (b²) is equal to the square of c (c²):

a2 + b2 = c2



Proof of the Pythagorean Theorem using Algebra

We can show that a2 + b2 = c2 using Algebra

Take a look at this diagram ... it has that "abc" triangle in it (four of them actually):

Area of Whole Square

It is a big square, with each side having a length of a+b, so the total area is:

A = (a+b)(a+b)


Area of The Pieces

Now let's add up the areas of all the smaller pieces:First, the smaller (tilted) square has an area of A = c²

And there are four triangles, each one has an area of A =½ab
So all four of them combined is A = 4(½ab) = 2ab

So, adding up the tilted square and the 4 triangles gives: A = c²+2ab

Both Areas Must Be Equal

The area of the large square is equal to the area of the tilted square and the 4 triangles. This can be written as:

(a+b)(a+b) = c²+2ab

NOW, let us rearrange this to see if we can get the pythagoras theorem:Start with: (a+b)(a+b) = c² + 2ab

Expand (a+b)(a+b): a² + 2ab + b² = c² + 2ab

Subtract "2ab" from both sides: a² + b² = c²

DONE!


Now we can see why the Pythagorean Theorem works ... and it is actually a proof of the Pythagorean Theorem.

This proof came from China over 2000 years ago!

There are many more proofs of the Pythagorean theorem, but this one works nicely.

Who is your favorite Indian News Anchor!!!

If i would have asked who is your favorite actor, actress, sportsperson, director, sports etc etc, well most of you will have a ready answer. As these are very popular categories in their respective fields. But what if I ask you about your favorite News Anchor !! Tuff one… right. Well let me help you with the options, I guess that might make it easy (difficult) for you all.

Let me start with a background about this amazing field, this amazing profession. A news anchor is a person who presents a news bulletin. Many anchors are also involved in writing and/or editing the news for their programs. A News Anchor examine, interpret, and broadcast news received from various sources.There are a lot news anchors that are doing a fabulous job and have brought a new face of journalism. These faces not only bring out the facts and figures but today they have become the voice of a common man and debate for the societal issues. Most of you might go back to the Doordarshan days, when the New Anchors were handful, and also there were no 24/7 news channels. Now things have changed drastically, and now not matter what time it is, you can be in touch with the world of news at your finger tips, with a click of a button.

So, lets get down to the News Anchors who have made India Proud, and have taken Journalism to a whole new level.

Prannoy Roy: Who can forget Mr. Prannoy Roy, he rose to fame with the program “The World This Week” on Doordarshan. and used to also cover elections and analyse the results. He is founder and the president of New Delhi Television (NDTV) and is one of the pioneers of Indian television journalism.

Arnab Goswami: Those who have seen “The News Hour” on Times Now, might not need any introduction about him. But let me still take this opportunity to write a few words about him. Arnab is the Editor in Chief and News anchor of Times Now. Arnab started his career with The Telegraph in Kolkatta. Goswami began his career in TV news broadcast with NDTV 24×7 in 1995. PS: Don’t watch this show “The News Hour” once, this might help you to make a decision .

Barkha Dutt: The moment we hear her name, all we can think of his her reporting of the Kargil conflict in 1999. Since then she has since covered conflicts in Kashmir, Pakistan, Afghanistan and Iraq. She has won many national and international awards, including the Padma Shri, India’s fourth highest civilian honour. Currently, she is Group Editor-English News, NDTV, and the host of “We the People”, a weekly discussion show on current events.

Rajdeep Sardesai: He is a journalist, political commentator and news presenter. Rajdeep Sardesai is the Editor-in-Chief of IBN18 Network, that includes CNN-IBN, IBN-7 and IBN-Lokmat. He entered television journalism in 1994 as Political Editor, New Delhi Television (NDTV). He was particularly recognized for his coverage of the Gujarat riots.

Rajat Sharma: Aap ki Adalat is all that comes to our minds when we think of Rajat Sharma. He is the founder of the Indian Hindi news channel India TV. He is, unarguably, the best known face on Indian news television. He has grilled over 500 personalities with a trademark smile in the longest running television show in India’s Television History.

Shereen Bhan: Shereen Bhan is the Executive-Editor CNBC-TV18. She has interviewed some of the biggest names in business and politics. She anchors and produces Young Turks, one of the longest running shows on CNBC-TV18 and the winner of the Best Business Talk show award at the News Television awards for two years consecutively. She won the FICCI woman of the year award for her contribution to the media in 2005.

Karan Thapar: Karan Thapar is the only Indian television professional who has worked for ten years in television outside India. Trained as a correspondent, producer, editor and presenter with London Weekend Television in the United Kingdom. Presently he is head of Infotainment Television (ITV), a television production house, making programmes for BBC, Channel NewsAsia, CNBC-TV18, CNN-IBN and Doordarshan. In January 2006 Karan Thapar hosted Devil’s Advocate, a primetime Sunday night one-to-one current affairs interview on CNN-IBN. The series began with a double bill with the President of Pakistan, General Musharraf, which made front page headlines both in India and Pakistan.

Its a long illustriousness list of some wonderful, hard-hitting news Anchors that Indian Television has seen. Looking forward to hear from you about your favorite Indian News Anchors. So, are you ready with your answer !! Happy Viewing… oopsss Happy News Viewing….

The Hindu

The Hindu is an English-language Indian daily newspaper founded and continuously published from Chennai since 1878. According to the Indian Readership Survey in 2012 it is the third most widely read English newspaper in India (after the Times of India and Hindustan Times) with a readership of 2.2 million people. The Hindu has its largest base of circulation in southern India, especially in the states of Tamil Nadu and Kerala and it is also the most widely read English daily in Tamil Nadu and Kerala. Headquartered at Chennai (formerly called Madras), The Hindu was published weekly when it was launched in 1878, and started publishing daily in 1889.


The Hindu became, in 1995, the first Indian newspaper to offer an online edition.[5] It is printed at 17 locations[6]—Chennai, Coimbatore, Bangalore, Hyderabad, Madurai, Noida, Visakhapatnam, Thiruvananthapuram, Kochi, Vijayawada, Mangaluru, Tiruchirapalli, Kolkata, Hubli, Mohali, Allahabad, and Kozhikode.

The Hindu was founded in Madras on 20 September 1878 as a weekly by four law students (T. T. Rangachariar, P. V. Rangachariar, D. Kesava Rao Pantulu and N. Subba Rao Pantulu) led by G. Subramania Iyer, a school teacher from Tanjore district and M. Veeraraghavachariar, a lecturer at Pachaiyappa's College.


Management

The Hindu is family-run. It was headed by G. Kasturi from 1965 to 1991, N. Ravi from 1991 to 2003, and by his brother, N. Ram, from 27 June 2003 to 18 January 2012. Other family members, including Nirmala Lakshman, Malini Parthasarathy, Nalini Krishnan, N Murali, K Balaji, K Venugopal and Ramesh Rangarajan are directors of The Hindu and its parent company, Kasturi and Sons. S Rangarajan, former managing director and chairman since April 2006, died on 8 February 2007. Ananth Krishnan, who is the first member of the youngest generation of the family to join the business worked as a special correspondent in Chennai and Mumbai from 2007, and foreign correspondent in Beijing from 2009. It now conducts very popular "The Hindu Young World Quiz', hosted by noted quizmaster V.V. Ramanan, that has now completed 12 years and is arguably the largest live, middle-school quiz competition.


Managing-directors


M. Veeraraghavachariar (1878–1904)
S. Kasturi Ranga Iyengar (1904–1923)
K. Srinivasan (1923–1959)
G. Narasimhan (1959–1977)
N. Ram (1977–2011)
K. Balaji (2011 – present)

Editors

G. Subramania Iyer (1878–1898)
C. Karunakara Menon (1898–1905)
Kasturi Ranga Iyengar (1905–1923)
S. Rangaswami Iyengar (1923–1926)
K. Srinivasan (1926–1928)
A. Rangaswami Iyengar (1928–1934)
K. Srinivasan (1934–1959)
S. Parthasarathy (1959–1965)
G. Kasturi (1965–1991)
N. Ravi (1991–2003)
N. Ram (2003–2012)
Siddharth Varadarajan (2012–present)

Is MNCs Superior to Indian Companies?

Answer First


Of course MNCs are doing better in Indian market than Indian companies, but that does not mean the Indian companies are bad either. MNCs basically work with the help of Indian talents and Indian raw materials. They provide such a lucrative offer and huge amount of exposure so that young generation gets very much attracted to them. The most important advantage of MNCs are they are corruption free. So they have better administration, control and infrastructure to increase the productivity.

On the other hand, the Indian companies, especially the PSUs are full of corruption, inefficiency, lack of work culture due to an assurance of job security. Its not that they lack the brains, what they lack is the environment in which these brains get to show their productivity. Innovation is hardly encouraged. Infrastructure is not that class and the existing system is also used in a very inefficient manner. But there are companies like TATA, RELIANCE, MITTAL, INFOSYS etc. Who have gone multinational and doing good business in other countries. We just only have to make more Indian companies capable of overcoming these problems and become global.



Answer Second   



Its not a question who is best, here seeing contemporary situation one can't predict who will best. India is developing country not developed so here Indian companies always have question, how to equalize th budget. It is true that MNCs have well infrastructure, good and well salary. But Indian firms are very aggressive as compare to MNCs. Here Indian firm have low budget for R&d but what they design, produce have global quality with cost effect. If we think in different way, then Indian firms are great because they value people, their thought, their work. Its not infrastructure, not CTC which make company great, it's employees who make the firm grat.


Answer Third


I think both companies are doing a great job for removing the unemployment from the world. Both companies are good at their place. But as you know that India is growing so fast in economy mainly because of the Indian companies.

And now the Indian companies are also giving the opportunity to us for going to abroad. It's mainly depends on our activeness if you have knowledge then get it. As being an Indian I would prefer Indian Companies rather than MNC's.

 

Is Foreign Direct Investment (FDI) in retail sector good for India?

Answer First


As far as I am concerned I definitely support FDI.

Government has made the clause that the raw materials which foreign investors will buy, they have to buy it from the Indian markets. Thus it will:

1) Increase our domestic productivity.

2) Quality of the goods available in the market will improve, as these days quality and cost are becoming inversely proportional to each other.

3) Definitely condition of farmers will raise economically because they will get a good market to sell their products.

4) Introduction of new technologies in various fields as FDI investors have to teach domestic traders new technologies as according to the government policy.

And the thing that our local retailers will come into loss, I totally disagree with that because no one is stopping us to become an entrepreneur, start our own business and all. The only thing will be required is the quality and dedication in our service that we will provide to compete with the foreign investors.


Answer Second


Hello guys I want to be apart of this discussion.

Friends have you think why India has been hit by recession partially. Only those sectors in which we depend upon foreign countries for our needs are completely gone down. Sectors in which we are self dependent has not been hit by recession.

In my opinion FDI should not be allowed in Indian markets it is because of following reasons.

1. It will vanishes the small scale industries of India and families depend on these small industries will be ruined and thus create huge uneducation and crime.

2. After a period of time they will be market regulators and will destruct our economy.

3. Some of my friend discuss that farmers will get huge benefit from this because there will be no middle man. Do you think our farmers have capability to earn large amount of profit they are not able to deal with our government it is because 70% of them are uneducated.

4. I think we should read our history books how one British company make Indians from a golden bird to poor and hungry Indians.



Answer Third


Yeah I agree that FDI is good for India if it is implemented properly.

As it will reduce unemployment rate in India by creating a large amount of job vacancies.

It will provide goods at their best cheap prices because of neck cutting competition so to be in the market.

N It will provide benefit to farmers by removing the inter mediators used to bring there stuff to market.

As FDI will be allowed so there will be huge foreign investment so it will develop Indian infrastructure.

Improve n bring new technologies to India.

As well as make rupee strong since there will be more demand of rupee in market. !

So I think that FDI is good but need to be implemented properly n government need to learn how to manage it to keep our economy growing.

As the fate of this policy That it is GOOD OR BAD is in hands of Indian Government And Time.


Answer Fourth


I Strongly opposed FDI in retail sector.

As many of them discussing that FDI is good as it is giving employment opportunities, new technologies, getting good quality at lower prices and many more. Then they must go through the detail experience of the other countries like china, Indonesia and many other where they welcome such opportunities of FDI and had faced many related problems.

FDI will give only sales jobs to Indian youth and made Indians their slave again like in British times. I can't understand why Indians don't think that they even have capability of having such technologies by their mind.

One of above candidate was talking that FDI will improve the strength of rupee and will bring Cold storage technology. But I don't think so.

FDI coming to India doesn't mean that foreign currency is entering in India. Again their investment will flow from India to their country in terms of Rupee only. That concludes our rupee is becoming more and more weak.

Some of them are just attracting with the attractive features -.

1. Getting good quality with cheaper price.

2. Getting employment opportunity.

3. Improving rural infrastructure.

But my dear friends just think before saying.

1. Do you want our India to become sales country which will work for others ?

2. Do you want we depend on others for each and every single thing ?

3. Do you want others to play with INDIA on the name of new new policies like FDI?

4. Do you want no Indians to become entrepreneur ?

So my dear friends please I beg you to go through the experience of other countries where these FDI entered and choke the domestic players and discouraged all their technologies. I really appreciate the china government who had faced these problems and handled it very carefully and Mindy way from this FDI by making their own policy so that FDI can't harm their country in any economic or any other mean.

Answer Fifth


Hello friends:
I would like to contribute my views regarding FDI in front of you all.
Brings of FDI in India having positive as well as negative aspects as well.

First of all i would like to show some positive aspects:
1. FDI will bring some new technology in our country that leads to growth of our country.
2. We will get bill on each purchase of product which reduces tax evasion.
3. Middlemen will get eliminate from the market.
4. Farmers are able to sell directly to these retailers and hence get good rates.

Negative aspects:
1. Later on, due to their huge investment in retail they are able to make their rivals eliminate from the market and they are able to establish their monopoly. Sometimes they became so powerful that they can threat the sovereignty of a country.
2. There will be no bargaining on the products customers will get product on the same rate.

So, if our country allows the FDI so government has to make such policies to protect the domestic retailers like:
1. Government can set the limit of the price that they cannot sell below this rate.
2. Government should provide tax benefits to the domestic retailer so that they will get encouraged to sell and able to survive in the longrun.
3. It should impose more taxes on the earning of Wallmart.

There is one major point which government should focus is that think about those middlemen who get eliminated from the coming of FDI and provide them new work so that they are able to earn their living and country will able to protect them from unemployment.

If the government use proper strategy so they will able to get benefit from the FDI and it will enhance the development of our country.

Ethics in Business are just a Passing Fad ?

Answer First


According to me Ethics in business Are most important. If we will do business without ethics it will give us Profit but for a short period but if we do our business with ethics it may give us small share of profit but it helps us to win trust of the customers. The first and the foremost motive of business is to satisfy a customer if we satisfy our customer and win there trust we will automatically make profit. So in my point of view Ethics are the most important element in business.



Answer Second

Basically ethics is the moral principal and values which determines the path for yourself as well as society.

 The main objective of any business is profit and profit can't be earn without the trust of customer toward us. May be unethical practices can provide you instant profit but can't give you long term remain. For example 2G scam, common wealth scam, satyam scam etc. is the result of unethical practices. Without the ethics a person is like a body without soul. TATA is known for trust because he always follow ethical practices once the adoption of unethical practices can eat all your goodwill so the key element behind any organization's success is ethical practices.




Answer Third

It's truly said that if you want to walk quick, then walk alone. But if you want to walk far, walk together. And this togetherness is not just about persons, it's about the ideals, conscience and above all humanity. Yes, profit is the main motive of doing business, but can we be sure that profits which we will earn at the expense of exploiting, oppressing and cheating others won't come to haunt us again, may be sometimes later? The ethics followed in business will always be the most important. Why we want profits for? for fame, for family. Can we be able to say our children and wife in their face that I am clean. What will you do when your child who is made to believe in his/her childhood that honesty is the best policy and look upon you for a model? what for, then? bad practices can make quick money but it's also sure that it would be taken ever more quickly again. Great giants like harshad mehta have fallen in this trap and lost their everything. Will we be able to face ourselves then?



Answer Fourth

Ethics and business never go hand in hand.

According to my knowledge no business is undertaken purely on ethics. If you have to achieve higher position in global market then you won't be able to survive only with the help of ethics. Some healthy business tactics should be implemented. But I won't say that it should completely avoid ethics. The best example is of satyam group of companies. They were listed in top I.T. Companies. But when their chairman Ramlinga who practiced unethical way of conducting business is now in the jail.

So what I meant to say is ethics is important for the companies good reputation. But only ethics won't be able to take the business to a higher position. So I conclude by saying that the businessmen should wisely use his brain in making profits and by gaining good reputation which obviously requires good amount of experience.