Tuesday, 15 March 2011

Sportperson’s - Interesting Business Acumen

Can successful sportsperson be a successful business owner?
Yes…definitely…all the traits of a business-person are in their blood…..

Why they start business?
In most of the sportsperson’s mind, following question comes when he/she is starting his/her career because of different types of risk that’s existing:
  1. Whether I am good enough to represent India or state at an International level or National level?
  2. Will I make it large?
  3. Can I play for even for 5 years and earn a living for next 50 years?
  4. Whether my life span during my hay days will be injury-free so that I can have a long lasting career?
  5. Whether the system is clean so that they will select a performing guy like me for the events?

A common service-man may work for 33-40 years till he retires with all securities & pensions etc. But a sportsperson may have a successful specialized sports career, which is usually around 5 – 20 years. They want to fulfill their dreams & all the hard work they have done to enhance their skill/talent during the start/grooming phase, they will want financial security.

Following are some of the Prominent Examples:

Murali – World’s Highest Wicket Taker
Business: Biscuit Company

Sachin – World’s Highest Run Scorer
Business:  2 restaurants: Tendulkar's (Colaba, Mumbai) and Sachin's (Mulund, Mumbai).

Sourav Ganguly – Best Left-Handed Indian Batsman
Business: Multiplex Restaurant called 'Sourav's -- The Food Pavilion'

Prakash Padukone - First Indian to win ‘All England Championship’
Business: Prakash Padukone Badminton Academy

Sunday, 13 March 2011

Time to Give Back to Our Society

There are people who struggle to live a life decent enough to call it ‘Livable’.

Listed below are website links dealing with social work for our society.

Go through them and retrospect yourself on how much you have thought for others upliftment and not merely worrying about your job, CTC, career and family members.

Life is very small…..it goes by the blink of an eye….discharge your role towards humanity.

Trust me…even CEOs & VPs of corporates will be lagging behind your small kind initiatives.

Friday, 11 March 2011

Job creators > Job seekers = Successful Nation

Indian economy is likely to grow by 8.7 per cent annually and generate 3.75 crore jobs by 2020 on the back of investments in skills and infrastructure, a report today said.

It said that India's economy would annually grow by "8.7 per cent, compared to 8 per cent expected currently; 37.5 million (3.75 crore) more jobs in 2020 than currently expected."

According to the Reserve Bank's projections Indian economy could record a growth of over 8.5 per cent in the current fiscal, up from 7.4 per cent in the 2009-10. During the first half of 2010-11 the economy recorded a growth rate of 8.9 per cent.

International Monetary Fund (IMF) has projected India's economy to grow by 8.75 per cent in 2010-11 with moderation to about 8 per cent during the next fiscal.

The report further said that the areas which would provide growth opportunities in emerging economies like India include low-cost goods and services, infrastructure, education, housing and transport.

By 2020, the Indian software exports is expected to reach 225 billions dollars and in the process generating about 30 million jobs.

But the rate at which Indian population is growing, there will be considerable gap between number of “Jobs available” to the “Non-employed force”. What we need is entrepreneurship. Sadly, there's very little emphasis on this.

If you can be an entrepreneur -- and you want to start something up on your own -- please do it. There is nothing like it if you want to be a job creator rather than a job seeker, and it will be a great service if you do so.

In India, people are in-grained with entrepreneurial spirit – Kuch toh karna hai!!!! But the next steps are not taken.

Do you know that in India, 99% of the entrepreneurs are from SME (small and medium enterprises)? But 99% of the economy is controlled by few big-shot companies. For country to progress, SME’s contribution has to be 35% of the total economy. This will also ensure that proportion of people living under poverty line decreases significantly.