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Posted in Community :

Business & Strategy

 
Started by : Namrata Pathak, Accounts Manager, American Express   01 10 2011 08:16:12 +0000
Industry : Hedge Funds/VCs/Private EquityFunctional Area : Getting Started(Entrepreneurship)
Activity:  101 views;  last activity : 03 03 2011 11:18:23 +0000

It's the nature of New Year's resolutions to make promises that we can't keep. This is the year we'll go on a diet, work out at the gym, quit smoking, feed the homeless, learn new language and be a better Mom, Dad, brother, sister, son, daughter or friend.

But if there's one New Year's resolution you should try to keep this year, it's this one: To start your own business and be your own boss. So, what could be the best reason to start your own business this year?

 
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  9 5 1 1 1
 
 
 
 
 
 
 
 
 
 
 
 
 
1 2 3 4 5
1 You'll never get laid off again
2 Lifetime ambition
3 Got to use my home printer for my invoice bills
4 Business means you should know all processes
5 For increase in wealth... (Start a side business first)
6 FUTURE BRIGHTNESS.
7 Coz u didn't do it last year and the year before
8 A booming retail scene..
9 Having enough knowledge abt the process to handle.
10 Stand onone's own foot / earn adequate money
11 Passion to excel in field of your interest
12 Some Side Business
13 To take Just an opportunity and to stand over there for lifetime
14 To create an alternative income source to your present profession/job
15 Supported idea
16 You are the employer and not the employee
17 "YOU" & "YOUR MIND SET"

You'll never get laid off again

idea posted by Namrata Pathak Accounts Manager, American Express

Tired of being a number on somebody else's spreadsheet? That won't happen once you start working for yourself. "Jobs used to be for life, and leaving a company to start your own could put your entire career in jeopardy. "Now the average job lasts about four years—if you can get one." On the flip side, most start-ups don't succeed and, while you won't get fired from your own business, you might end up shutting it down and losing the money you invested. "You'll probably take home a smaller salary, work harder and face higher stress levels too.

9
0
  
by Capt. V.S. Kartik, CEO/MD  | 03 03 2011 11:18:23 +0000

The time and opportunity one was waiting for while being epmloyed - having divested the profile/designation given in someone else's organization, the faith expressed by a few prospective clients and lastly the backing of your near and dear ones.

0
  
by NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 01 12 2011 17:41:27 +0000

Mr.Namrata I agree with the views posted and thanks for the referral.

0
  
by deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 01 12 2011 04:46:58 +0000

Namrata, what about something like putting an hour a day, utilising our non productive time, over a period of time and building a business for your life without disturbing your present profession ?

Add your argument:

Lifetime ambition

idea posted by Mahesh Girijan Recruitment Operations, -----
It's the ambition another reason to start up an organization. Not just starting up the organization, but also running it successfully by implementing what ever is learned from the real time experience that we gained all these time.
5
0
  
by Nilesh Pawar, Legal & Secretarial, Valencia Professional & Management Services LLP  | 02 26 2011 09:40:09 +0000

I agree.

0
  
by Chanchalkumar G Gilda, Sr Product Specialist and Executive, Pfizer  | 01 12 2011 06:12:56 +0000

Question was "Wht could b d best reason to start ur business ths year ?" asked by Namarata. I hv gone through all valuable comments posted by resp persons from their pt of view. bt i culd nt understand why many resp gentlemen giving whole sum knowledge on hw to start business,

ques was asked on WHAT not on HOW. plz b noted.

i wuld lke to say i like Narayan, Mahesh, Sujeet, Umesh ,Abdul comments, i respect ur guidance, even i got chance to learn frm ur impeccable words.

Here I would say, Best reason to start ur business is only "YOU"(Indeed to whom ever it may concern), Your Mind set, Your passion, Your Vision to make it reality by using rgt kind of resources,rgt kind of people etc at d rgt time to deal wt.

To start any kind of business, does particulate year makes a sense to start from ?

my answer is NO. indeed, Having said that Man himself is Architecture of his own life. uncertainty and risks are d most crucial part of any Business to face n to proceed further with colors without losing self confidence.

I still remember loud n clear my father's wording, " Kal kare so aaj kar, Aaj kare so Ab, Palame Pralay Ho javega, Phir Karega Kab". Lastly i can say, Nobody can go back n start new beginning but we can start today rgt way n make new ending in our way. Hope, u agree.

Regards

0
  
by deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 01 12 2011 04:54:30 +0000

hi Shrikant, have u something planned ? iam also into project planning and monitoring, which firm r u with?

Add your argument:

Got to use my home printer for my invoice bills

idea posted by Tanmay Gaur Freelance Software Developer
Enough is enough. I got to use my printer cum scanner cum xerox cum fax machine for the reason it was bought. How's about that?
1
0
  
by G A Narayan, VP - Marketing, KE Housing P. Ltd.  | 01 11 2011 06:01:51 +0000

:-)

Add your argument:

Business means you should know all processes

idea posted by Md Abdul Quddus CEO/MD/Director, BotQ Home Needs Private Limited
Business is not as easy as people feel it is. I am aware there are thousands of articles on websites and also books to make you feel that business is easy. But once you enter into real business, you should concentrate 101% on your activity, evaluate the business every day and see that your company runs into profit. There are also cases where businesses did tremendous sales but were still in losses. To enter a business you need to be all in one expert or at least should have knowledge of all processes. i.e Finance, business development, marketing, team management etc... Your expertise in particular field cannot make you successful in business
1
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by G A Narayan, VP - Marketing, KE Housing P. Ltd.  | 01 11 2011 07:21:57 +0000

One needs to be smart (Mentally) and have the common sense to start and engage in a business activity, Mr. Abdul. Of course, the basic knowledge (marketing, administration, finance, management, etc.) about various aspects need to be acquired before starting a business activity. Over a period of time, as they engage in their business, they would learn in detail about all these aspects out of sheer experience.

Not one of all the successful businessmen knew everything before they started their business. It is just impossible to expect a 20 or a 30 year old person to have such immense knowledge before they start a business. However, there are many successful businessmen who have started their business when they were very young.

So just go ahead and start a business.

Add your argument:

For increase in wealth... (Start a side business first)

idea posted by G A Narayan VP - Marketing, KE Housing P. Ltd.

Question : Reason to start a business this year?

Answer : This year or any year, the reason would be to get an increase in the income levels.

                                                     Side Business is an answer.

This would be the ideal option for those who want to quit their jobs and start a business. First test the waters before jumping into it. One can learn all the processes and procedures as they go along. Also, one can enlist the support of all the other family members (Spouses and others) in this business. As the income grows and the business does well, they can decide to leave their regular income providing job and devote full time for the growth and development of the business.

 

1
0
  
by Chanchalkumar G Gilda, Sr Product Specialist and Executive, Pfizer  | 01 12 2011 06:14:40 +0000

Question was "Wht could b d best reason to start ur business ths year ?"asked by Namarata.  

I hv gone through all valuable comments posted by resp persons from their pt of view. bt i culd nt understand why many resp gentlemen giving whole sum knowledge on hw to start business,

ques was asked on WHAT not on HOW. plz b noted.

i wuld lke to say i like Narayan, Mahesh, Sujeet, Umesh ,Abdul comments, i respect ur guidance, even i got chance to learn frm ur impeccable words. 

Here I would say, Best reason to start ur business is only "YOU"(Indeed to whom ever it may concern), Your Mind set, Your passion, Your Vision to make it reality by using rgt kind of resources,rgt kind of people etc at d rgt time to deal wt.

To start any kind of business, does particulate year makes a sense to start from ?

my answer is NO. indeed, Having said that Man himself is Architecture of his own life. uncertainty and risks are d most crucial part of any Business to face n to proceed further with colors without losing self confidence. 

I still remember loud n clear my father's wording, " Kal kare so aaj kar, Aaj kare so Ab, Palame Pralay Ho javega, Phir Karega Kab".

Lastly i can say, Nobody can go back n start new beginning but we can start today rgt way n make new ending in our way.

Hope, u agree.

Regards

0
  
by deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 01 11 2011 12:19:45 +0000

yes , Mr Narayan i agree with you. R U into a job or own Business ?

Add your argument:

FUTURE BRIGHTNESS.

idea posted by dalip kumar beniwal Electrical Engineer, paharpur cooligtower ltd.
PERSON WANTS TO GROWTH FOR FUTURE LIFES .
1
0
  
by deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 01 12 2011 05:02:00 +0000

dalip ji, yes everybody is looking for bright future, but we have start now and take action right away because 97% people in the world don't plan for their future at right time.

Add your argument:

Coz u didn't do it last year and the year before

idea posted by Anantha Shayana. D CTO/CIO, RAYSITI
And you want to make sure that you don't stand in the same place net year too !!! :) ROFL
0
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A booming retail scene..

idea posted by Jaygopal Raghavan Marketing Manager, Landmark Group
With india at the crossroads on the world economy map and having weathered the economic depression this is the time when the retail scene is exciting and players from all over the world are stepping in. Also help comes from the government in the form of increase in FDI for foreign retail cos.
0
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Having enough knowledge abt the process to handle.

idea posted by Anand Sharma Monitoring the research funded by DIT, Department of Information Technology
If one can contribute cent percent to his/her business as per the nature of the business, then only he/she should get into it.
0
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Stand onone's own foot / earn adequate money

idea posted by KALIYAMOORTHY Oil & Gas Area Coordinator, Undisclosed

It's the mind set that drives one to do Business.Not every one goes for Business. A select few with mental yearning to do business , being driven to Business. Once established, they feel to stand on one's foot & The flow of money enough is the motive behind business

0
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Passion to excel in field of your interest

idea posted by Wajid.Pathan Enterprenuer (Designer /Developer/Supplier), 3D TECH Training and Consultancy
I feel the best reason to start your business this year or any year is the passion to excel in field of your interest because until & unless you have passion it is not possible to start or excel in any business or infact anything.
0
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Some Side Business

idea posted by G A Narayan VP - Marketing, KE Housing P. Ltd.

Retail Shop (Kirana Dukan), Some sort of Network Marketing (Right type of product), Net based activity, Consulting, etc.

0
0
  
by deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 01 11 2011 12:20:27 +0000

yes very true, R U doing something or interested to ?

Add your argument:

To take Just an opportunity and to stand over there for lifetime

idea posted by priti inamdar MBA Finance, student
Its good time for starting any business and achieve desirable aim. In the competitive field its very difficult to stand over against the competitor but its real exam for a person. Go forward, generate Idea, Be more Practical.. then see its ur time.
0
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To create an alternative income source to your present profession/job

idea posted by deepak kumar lamba Construction-Construction Management, Project Monitoring, ISOLUX
it is better to start as early as possible, to substantiate your non guaranteed income with some thing ongoing and royality in nature.
0
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Supported idea

idea posted by Rupsha Banerjee PhD Scholar, University of Bologna
You'll never get laid off again
0
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Add your argument:

You are the employer and not the employee

idea posted by sanjay dey Tax & accounting , Consultatnt
The feeling with every professionals, is working under a boss who knows nothing and getting dejected everyday becoz someone less talented going up the career staircase. But now if you start your own business you are out of this hazards. you are the boss,and all will follow you.
0
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by deepak kumar lamba, Construction-Construction Management, Project Monitoring, ISOLUX  | 01 12 2011 04:59:29 +0000

yes , sanjay i agree with u, its better to think take a decision now itself, and start now. be your own boss.

Add your argument:

"YOU" & "YOUR MIND SET"

idea posted by Chanchalkumar G Gilda Sr Product Specialist and Executive, Pfizer

Question was "Wht could b d best reason to start ur business ths year ?" asked by Namarata.  

I hv gone through all valuable comments posted by resp persons from their pt of view. bt i culd nt understand why many resp gentlemen giving whole sum knowledge on hw to start business,

ques was asked on WHAT not on HOW. plz b noted.

i wuld lke to say i like Narayan, Mahesh, Sujeet, Umesh ,Abdul comments, i respect ur guidance, even i got chance to learn frm ur impeccable words. 

Here I would say, Best reason to start ur business is only "YOU"(Indeed to whom ever it may concern), Your Mind set, Your passion, Your Vision to make it reality by using rgt kind of resources,rgt kind of people etc at d rgt time to deal wt.

To start any kind of business, does particulate year makes a sense to start from ?

my answer is NO. indeed, Having said that Man himself is Architecture of his own life. uncertainty and risks are d most crucial part of any Business to face n to proceed further with colors without losing self confidence. 

I still remember loud n clear my father's wording, " Kal kare so aaj kar, Aaj kare so Ab, Palame Pralay Ho javega, Phir Karega Kab".

Lastly i can say, Nobody can go back n start new beginning but we can start today rgt way n make new ending in our way.

Hope, u agree.

Regards

0
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