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The ‘F’ Word

February 17, 2009

The entrepreneur is always faced with the possibility of ‘failure’. We touched upon failure in one of my previous posts, “What does Success mean to you?“.
Regardless of their belief in their business and the value that it offers to the customers, the market will ultimately test them. However many success factors they think are present, [...]

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Audit - the new swear word

February 16, 2009

EDIT: This post is the first in a series where Nikhil Vachani, a Chartered Accountant at KPMG will comment on an auditor’s perspective on various business. Nikhil has studied business and finance and has been in the accounting profession for a number of years. He will contribute a series of posts over the coming months.
Post [...]

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For Love or Money

February 14, 2009

EDIT: I’d like to introduce our readers to Rashmi Vaswani. Rashmi is a real-live successful entrepreneur. Rashmi founded and heads Rage Chocolatier, which produces some of the finest quality home made chocoloates at their “choclotory”. Rage has been nominated as one of the hottest startups of the year by the TATA-NEN hottest startups award. Her [...]

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New Venture: The Factors of Success

February 13, 2009

In my previous post, “What does Success mean to you?” we discussed the meaning of a successful venture (is one that meets the goals of its stakeholders).
Although, every venture is different, a set of common factors lie behind every successful business: (Wickham, P.A.  (2004) Strategic Entrepreneurship. FT Prentice Hall)
1.    Venture Exploits a Significant Opportunity
The opportunity [...]

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What does ‘Success’ mean to you?

February 10, 2009

Does success simply mean money to you? Or does it have a broader social significance?
The goal of any entrepreneur is to be successful. The possibility of success is what drives us forward and it is a measure of our achievement. It is a difficult concept to define because it is complex. It may be measured [...]

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What’s Luck got to do with it?

February 9, 2009

The ‘it‘ referred to above is business. I keep hearing about the role luck has to play in a (successful) business, but this is debatable. Some people believe that the harder you work at making your business successful, the luckier you get. One of my lecturers in college use to often say, “in business you [...]

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The Dynamics of a Contract

February 8, 2009

Did you know that you probably make hundreds of contracts every year when doing everyday things like shopping, getting your haircut, or having your mobile repaired?

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What is an IPO?

February 8, 2009

The Initial Public Offering or IPO holds the distinction as one of the few terms that has made the transition from the world of investment banking to the common man’s vocabulary.
An IPO is the first offering of a company’s shares (also known as stock or equity) to the general public. Most companies are structured in [...]

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The Business of Bollywood: Life after the Box Office

February 8, 2009

In my last post on the Business of Bollywood, I explained the waterfall (the progress of money through a series of parties) of Box Office revenues of a film and how, of the vast amounts claimed by films, only a small fraction trickles down to the producers.
The Box Office, however, is only one of the [...]

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Warren Buffett’s Secrets to Success

February 7, 2009

He is the richest man in the world! He is also the world’s most respected investor and rightly so, his estimated net worth is $62 billion…Yes, it’s ok to say WOW! He is a man that I greatly admire. Not for his wealth but for his simplicity and pure business genius.
Warren Buffett’s mantra on value [...]

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Spotting the Right Opportunity

February 6, 2009

“In the middle of every difficulty lies opportunity.” Albert Einstein
One of the most popular words in the business dictionary is opportunity. We are always searching for or waiting for or wanting the right opportunity.
An opportunity is not an illusion. It is the chance to do something in a way which is both different [...]

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Who will finance your ‘Great Idea’?

February 4, 2009

In my previous post, “Business Plan: The Core of Entrepreneurship” I wrote about how you should start making a business plan to sell any business idea that you have. And if you’re selling, somebody will have to buy it or in other words finance it.
Getting a new venture financed can prove to be quite a [...]

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