THE STORY OF A CRAZY IDEA TURNING INTO BILLION DOLLAR BUSINESS Recently I finished reading the book ‘Shoe Dog’. I heard the name of this book being suggested by many people as ‘worth reading for’. But never thought that it will turn out to be one of the excellent books in my collection. It not only narrates the story of a man who relentlessly followed his dreams; But it also depicts an ideal illustration of team work & sacrifices. ‘Nike’ was the result of hard work & perseverance of many people who laid the solid foundation for its success. The billion dollar business empire of today started its journey from just fifty dollars. What amazed me the most was not his dream, but the indomitable courage & vision of the founder –‘Phil Knight’. The story of ‘Shoe Dog’ revolves around the life of an MBA graduate who had no idea what he has to do in life. The only thing in his mind was to become successful. Everything began from a mere crazy idea which he was not going to gi
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AN INSPIRATIONAL LIFESTORY OF ASIA’S RICHEST WOMAN
Women are considered to be the backbone of every family because they are responsible for supporting the entire family. They handle multiple roles in the form of mother, sister, wife, daughter, friend, & so on. Despite having the capability to handle diverse roles, many women are still reluctant to come forward in society. According to the Forbes survey, India is ranked in the bottom 3 out of 43 countries which indicates the status of women entrepreneurship in India. The main reason that withheld women is the lack of support from their family members along with lack of business skills, access to knowledge about sources of finance & biases. It is not that they lack ambition or ideas, it is the social stigma & lack of inspiration that prevents them from breaking the shackles of society. We all might be aware of the most successful & rich billionaire men but are aware of billionaire women? The Bloomberg Billionaires Index published recently declared Savitri Jindal as the ri
A REQUEST LETTER TO EMPLOYERS
India is home to a diverse working areas ranging from healthcare, education, IT, automobiles, etc. Still the unemployment rate in India has never seen a significant decline. Ever year many students graduate out of the colleges with the tag 'fresher' and all their skills and abilities are buried under this one particular label !! Last day while scrolling through the LinkedIn I found so many posts pleading to the connections for their attention. Their sole intention was to reach as many potential employers as possible so that they could secure a decent job. At that moment I came to know that this is not the plight of me but its the story of thousands of job seekers who are desperate for getting a job. I'm sure many of the executives and managers in reputed companies might have built their careers from the scratch. Then what's the reason that they are not willing to give even a single chance to us? Today I'm also writing this blog with the same expectation that a
My Internship Experience At Eastern Condiments Pvt Ltd
An internship is a professional learning experience offered by an organization to enhance the employability skills of an individual. It is usually undertaken as a part of the academic programme. Internships helps to mould a student to face any challenges in the corporate world and also equips them with additional skills which will help them to excel in their career. I too joined Eastern Condiments Pvt. Ltd. with the minimum expectation that at the end of one month I will be able to gain some knowledge in my domain so that I could be uplifted from the tag of a fresher. But today I can proudly proclaim that whatever I have received from this company was beyond my expectations. I was able to witness the practical application of many theoretical concepts learnt in my MBA classrooms. The first task allotted to me was to audit the records of employees to check for the documents specified in a checklist. The task seemed cumbersome initially but the knowledge it offered was beyond imaginat
The Saga of Largest IPO in India : LIC’s Initial Public Offering Life Insurance Corporation of India (LIC) is an Indian statutory insurance and investment corporation headquartered in the city of Mumbai. It was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act that nationalized the insurance industry in India. The 66 year old company dominates the India’s insurance industry with more than 280 million policies. LIC, one of the country’s largest company in terms of revenue and assets, has got good customer service and a strong claims settlement record & with a Rs 5cr initial equity contribution, it generates Rs 3.5 to 4 lakh crore in annual surpluses & distributes Rs 2600-2700 cr annually to the government. The country is going to witness an important historic moment as LIC is heading towards making its first debut in the stock market. Government is planning to sell 5% stake of its equity for Rs 65000cr. It is presumed t
IMPORTANCE OF VENTURE CAPITALISTS & ANGEL INVESTORS FOR THE GROWTH OF STARTUPS
Venture Capitalists (VC) & Angel Investors are considered to be the lifeblood of startups because they provide a solid foundation to the business ideas of many entrepreneurs. Today, they have emerged as an easily accessible solution to many of the startups in the world. VC investments are usually made in the early stage of development of startups as this is the phase where startups face most difficulty in getting the required support. Before discussing further on this, it is important to know who are venture capitalists & angel investors & the key role played by them in Indian economy. A venture capitalist is basically a private equity investor that provides capital to companies with high growth potential in exchange for an equity stake. They provide support to startup ventures as well as small companies that wish to expand further. Venture capitalist firms are usually formed as Limited Liability Partnerships & the investment is mainly done by all the partn
