12 critical factors influencing cost reduction

12 critical factors influencing cost reduction

Companies had thought about and implemented cost reduction steps during recession. Very soon those cost reduction actions were out of place and dragged companies behind by hampering the growth severely.Growth oriented companies review, modify, and implement cost reduction strategies regularly, say twice in a year.The age-old adage "A rupee saved is a rupee earned" is so … [Read more...]

5 Powerful Don’ts to retain your customers

5 Powerful Don’ts to retain your customers

Hey! your customers are leaving you …Are you worried about that?Don’t be! The 5 Powerful Don’ts should set in. Do you often advise your children like, "Don’t waste your time. Prepare well for the exams!". I know, this advice is a bit annoying for children; I understand that you do it for their own benefit so that they could avoid the pitfalls of lack of time nearing exa … [Read more...]

Check attrition to increase profitability of your firm

Attrition

Attrition refers to the gradual reduction in the work-force (and not replaced) due to reasons like resignation and retirement. Attrition results in loss of employees as well as the loss of customers; it in-turn increases the costs and decreases the profit margin of a company.Though it's not possible to eliminate the attrition completely, it's possible to reduce the … [Read more...]

Few silly things that could boost your performance

Few silly things that could boost your performance

People (and our young entrepreneurs) concentrating on big things many a times lose focus on small things which they may realize later and not in a position to undo the damages. Below is a small compilation of little things that could help many budding entrepreneurs. In fact it could help anyone.1. Auto-pay your utility bills like telephone bill, electricity bill, and water … [Read more...]

If You Want To Succeed, Double Your Failure Rate

Failure and Success

The saying "If you want to succeed, double your failure rate" is attributed to Thomas J. Watson (Chairman and CEO of IBM 1914-1956).Failure is the state or condition of not meeting a desirable or intended objective, and may be viewed as the opposite of success. Few famous quotes of Failure are:"Never confuse a single defeat with a final defeat." - F. Scott … [Read more...]

Stay Hungry. Stay Foolish!

Apple

He has been referred to as legendary, a futurist and a visionary, and has been described as the Father of the digital revolution, the master of innovation, the master evangelist of the digital age and the design perfectionist. Stay hungry. Stay foolish! No second guess, he is Steve Jobs."Even as a feminist, my whole life I’d been waiting for a man to love, who could love m … [Read more...]

Of Dreams & Magic: Legacy of Walt Disney

Walt Disney

Every Sunday, I used to eagerly await the cartoon that used to be broadcasted on National Television. My favorite of all was Mickey Mouse and I simply loved Minnie Mouse. For almost a decade I believed they existed. Those were the times when there were no other cartoon channels like these days.Life revolved around watching Doordarshan; I still miss that golden era. What is … [Read more...]

Peter Thiel an Enigma

Peter Thiel

Peter Andreas Thiel is best known for cofounding PayPal. He served as its CEO. Born in 1967 Thiel is an American entrepreneur, venture capitalist, and hedge fund manager.Ten of his famous quotes which are personally my favorite are:On higher education: "University administrators are the equivalent of subprime mortgage brokers selling you a story that you should go into … [Read more...]

When, how and where the concept of Venture Capital originated?

Georges Doriot

The current trend in the startup industry is going with venture capital. You have an idea, you can sell an idea, and you need finance, we are there for you, say VC firms.When, how and where the concept of VC originated?When I came to know about VC in my third year of engineering, the first name I knew was of Y Combinator and its co-founder Paul Graham but not of Georges … [Read more...]