Luck – is it the only factor for success?? All of us have heard many successful people attributing “Luck” as an important factor in success. But more important question – “Is LUCK” the only factor in defining success.?? What is luck anyway? By definition luck is “good chance” or “fortune”. So let’s examine some of the attributes of luck. Luck is a combination of time, place and action. This is to say you have to be in the “right” place,at …
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What is “Ruthless Innovation” Dictionary meaning of Ruthless   : – adjective 1. without pity or mercy Innovation : – noun 1. something new or different introduced 2. the act of innovating; introduction of new things or methods As we see it Ruthless innovation means “Without Pity or mercy creating something new or different” There are many world leaders who are “Ruthless Innovators” in multiple fields. For example, Gandhi was a Ruthless Innovator. So is Steve jobs or Mark Zuckerberg in …
Negotiation skills for start-up Every thing needs to be negotiated if you are creating your new start up. Large number of people think that start-ups have very little or no negotiation room. But that is sooooo wrong. Here are some tips for a start-up to negotiate successfully. 1. Always carry a senior enough title like a Vice President or COO etc. This helps in setting the right plat form. 2. Make sure that you are dressed right to go into …
Hiring for Super Growth If you want to “Turbo Charge†the growth of your start up….it boils down to one simple thing. Hire the best people. As a Owner or a partner of the start up, here are a few key items you need to focus on. (I have learnt some of them the hard way) 1. Write a clear job description. I know you think that’s for a big company…not really. Try this site : JobDescription 2. Be clear …
Tips for a new entrepreneur While many people advise that a new entrepreneur should have partners and family to support in business etc…in real life an entrepreneurship is a single person game. Here are the top 7 suggestions. 1. Never plan to have more than 1 or 2 friends in the start up phase Have clearly thought out and mutually agreed salary structure / equity or profit sharing Make them invest – either sweat or cash is better Let them …
Innovate or perish World is changing at rapid pace. We are at the beginning of a digital revolution. I attended a training program at MIT a while back about how to create a break thru innovations company. Some of the learnings are 1. Innovation is a process not work of some genius 2. Innovation can be best achieved by a cross functional team rather than a “think tank” or some super sniper teams 3. You need to start of with …
The Financing a new start-up Great startups are built during economic slowdowns. Here are top 10 methods to fund your start-up, when the going is tough. Use all free services for your website etc. Design your own stationery (visiting cards, mailing envelopes, letterhead etc) – Check this out http://www.freeprintablebusinesscards.net/ Use credit cards (clearly set a limit…in India have a Rs. 50,000 for all your start up activities) Figure out how to use friends and family to provide “free†consulting. Sign …
Business Editors/High-Tech Writers BANGALORE, India–(BUSINESS WIRE)–April 7, 2000 Ivega Corporation, a Bangalore-based IT solutions and consulting company, today announced a $7 million venture capital investment from Chrysalis chrysalis (krĭs`əlĭs): see pupa. Capital, Bank of Madura Bank of Madura (est. 1943) by Karumuttu Thiagarajan Chettiar. Bank had acquired Chettinad Mercantile Bank (est. 1933) and Illanji Bank (est. 1904) in the 1960s. Bank of Madura was a larger customer base Chettiar bank, 2 million plus customer and a network of more than 280 …
TNN, Apr 27, 2002, 03.55am IST Bangalore: Ivega — a Bangalore-based provider of solutions for the banking, finance, insurance and food & health sectors — is looking to acquire small and medium-sized consulting firms based in the united states and Europe, as part of its expansion plans. These plans are centered around its new facility at the global village, on the outskirts of Bangalore. The company’s ceo and chairman giri devanaur said the company planned to increase its employee strength …
TNN, Sep 26, 2001, 09.58pm IST Bangalore: the unusually circular teak table at the conference hall sums up the Ivega philosophy. “There is no head of the table here. I believe in the democratic way of functioning. Everybody has the right to air his opinion,” says giri devanur, CEO of the four-year-old company. This attitude, coupled with a series of dramatic measures, has helped the company sustain its profitability. While, the industry quails in nervousness with companies focused on maintaining …
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