How Challenges Becomes Opportunity


I’ve a decade of experience as an entrepreneur. It was an experience filled with challenges and issues which only helped me to become a man of great character and stature. To be frank I became an entrepreneur as an incident rather than a planned one. Only after stepping in I came to know it is not everyone’s piece of cake and by the time I realized it I was lost in deep jungles.

Since I was trapped in a deep jungle I have no way out and only option when you don’t have a choice is to walk further until you find your way out. There were lots of adventures, accomplishments, experiments. Many a times I worked on more intuitions rather than plan. But with lots of perseverance I was able to overcome all the challenges and also found out a way out of the jungle.

I’d like to share one of my personal experiences where I was able to convert a challenge into an opportunity.

As I always repeat about my academics that I was a poor student I didn’t have the guts to disobey my parents as they always negotiated / blackmailed me about my results. I never had the guts to disobey them and when I told them that I had the desire to become an entrepreneur after the completion of my under graduation (UG). They immediately de-motivated me that I can’t be a successful businessman as I didn’t hail from a business community and also because I was poor in my academics.

They admitted me in a college for Post Graduation even when I was in my UG final year. After completing the final year in UG I failed in Discrete Math’s and I was treated as a failed guy in life. My mother and grandmother were crying day in and out adding a sense of insecurity which only demolished my confidence.

Then to stay away from all these negativity I started a business and started working from my friend’s office. Within a year I got a lot of self confidence and also I cleared my arrear. The very next year my parents forced me to join PG which I refused to do. When they asked me to get out of the house I was prepared as I had developed my self confidence by this time.

Thought it was a tough two months I has to pass after getting the exam results I always think I’m an entrepreneur today just because of the failed result. If I passed at first attempt I’d have joined PG and would have taken a job after it and would have been on the list of guys who never followed their dreams. 

Today I had discussion with one of my Director about the financial crunch we are facing because of Paypal and also because of poor collections. All I told him was we have to learn the lessons and to dig for the opportunity hidden inside the turbulence. At this time what I expect from my team members is to believe in their skills and stay focuses and break the way to success.

All I can tell at this point in Tough Times Doesn’t Last!! But Tough People Do…

Never leave undivided real property to joint beneficiaries


Was going through an article on financial planning where in most of the points were redundant and contained what every financial planner would say. But this one point caught my attention and I firmly believe in this point and wanted to share it with my readers. As I’ve seen many family feud happened because of the below said reason;

Lots of things are more important than money. Family is probably at the top of the list. If you want a vicious family feud on your hands, breaking this rule would be a great place to start.

Imagine a farm that gets left to four sons: One has farmed it for 20 years; one is an environmentalist and wants it to be a park; one is broke and needs money; and one could not care less about it. Who will get wealthy from this plan? The attorneys. And the kids and grandkids will probably hate each other forever.

Remember that ‘equal’, ‘equitable’, and ‘fair’ are three different words with three totally different meanings.

My earnings – a review


I was wondering how much I earned in this 9 years of professional life and how much I saved/invested… I was shocked to see that my finances are in negative and it is high time that I do something soon to recover…

 

Let us imagine I earned Rs.35,000/- on an average (averaging entry level salary to what I’m earning today) and 8 years and 6 months of professional experience which comes to 102 months… So, my total earnings till date is Rs.35,70,000/-…

 

Description

Investment

Loans

P&L

Stocks

300000

 

 

MF’s

550000

 

 

Insurance

760000

 

 

HDFC

 

300000

 

IDBI

 

300000

 

IOB

 

450000

 

Biz. Loss

 

700000

 

 

 

 

 

Total

1610000

1750000

-140000

 

Now I don’t know what happened to the balance from;

 

Total Earnings – (Investment + Loss) = 35,70,000 – (16,10,000 + 140000) = Rs.18,20,000/-

 

I think I’ve spent a lot than saving/investing and I think it is high time seriously work on my finances…