3 Mistakes Of My E NT Repreneur Life}

Submitted by: Irfan Raza

Well Folks !! Whether we accept or not at one stage of our life mostly during our mid twenties and thirties ( and definitely after every appraisal discussion ) we are bitten by the entrepreneurial insect ( entrepreneur-wala keeda ). We wanna take things on our own hands and take control of our life.

Folks ! at one stage of life, just a couple of years back I was in a similar rage. Inspired by the likes of mashable.coms Pete Cash more, Amit Agarwal of labnol.org and still high on successfully editing and contributing article to my Department magazine in College, I decided to start a blog of myself. Nonetheless it didnt last long.

But, why?

Did I lose interest?

Was I not good enough?

[youtube]http://www.youtube.com/watch?v=mUrK_pbigAs[/youtube]

Wasnt I a good writer?

Whatever friends I pen down here from experience a checklist for other wanna be entrepreneurs.

1. Is this the write time to start the business?

If we see history of businesses then all industries did their niche business and were successful for a limited period, say, for example, Microsoft renowned world-over for Windows, the popular Desktop Operating System. But recent years it has seen dwindling sales of its Desktop application, as peoples love for mobile operating system grows. In my case I started a blog when the wave of blogging had already subsided. I had to compete with trillions of websites with millions of popular ones. So, I had to be exceptionally not only good but different to carve out a niche out of my blogging business. A similar case could be argued in India today for someone who plans to start an ecommerce website. Not only one has to compete with the sharks in the highly competent e-comm sphere but has to be different in service and pricing to stay relevant. A budding entrepreneur must ponder these before he takes a dip into the river of entrepreneurship.

2. How long can i sustain it?

Well the ideal answer for this question is Forever. If you do not plan to hold onto a business forever you would never find the required energy and enthusiasm to do it. Moreover to sustain a business one must be absolutely clear why one is doing this business and ask himself how long am I ready to wait to see the returns on my invested time and capital. In the case of my blog , though I started for my love of writing, but soon the idea of my blog to become a cash cow got the better of me. I quickly wanted to make money out of Google Adsense and other ad links, resulting in impatience, subsequent frustration and a consequent closure of my blog.

3. How well do I know the business?

A thorough understanding is a must for a budding entrepreneur to do well in his chosen field. It is advisable to start a business as a team with like-minded people onboard. Just see how mashable.com which Pete Cash more started single-handedly has now grown to a team of 40 members. This is necessary as it brings people with different expertise and experience together. In the case of my blog I started it on my own and I had no knowledge of how google ranks pages, SEO/SEM and how to effectively use social media to popularize my blog.

Conclusion

In his numerous interviews the legendary investor Warren Buffett has said that he likes to invest in companies whose business he understands and which are going to be there for say 100-200 years (like Santa Fe Railroad company, Coca Cola and once he invests in a company he does as if the stock is going to stop trading for the next 10-20 years. We must take a cue from his principles and try to invest our best into a business that we know in and out and throwaway the feeling of give-up .

About the Author: Srikanth Ganesh is a software professional, adventure loving and still an entrepreneur by heart. He lives in Bengaluru, India and reachable at @laymanspeaksWebsite:

WWW.irinnovative.com

Phone: 011-41610410 Email ID: projects@irinnovative.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1963417&ca=Internet}

One killed, many boats damaged in storms on Spanish island of Majorca

Tuesday, November 4, 2008

One person has been killed and dozens of boats have been severely damaged or sunk by storms on the Spanish island of Majorca.

The storms hit the island frequently last week, and the weather finally calmed on Sunday.

In San Telmo, a 62-year-old man died when he tried to save his sinking yacht. Winds of up to 60 mph were reported with gusts reaching 75 mph.

Boats could be seen sinking into the water for several days after the storm, with people unable to rescue them due to the conditions.

Local residents stated that they were the worst to hit the island, which has a large number of ports, in ten years, with the clean up effort continuing into this week.

Bratsk hydroelectric plant gets new turbine

Saturday, October 7, 2006

The city of Bratsk in Irkutsk Oblast, Russia, received a new turbine for its famous 4,500 megawatt hydroelectric plant founded in the mid-1950s on the Angara river. In future this new unit will cause an efficiency rise up to 255MW for each turbine.

Currently, the Bratsk Power Station operates 18 hydro-turbines, each with capacity of 250MW, produced by the Leningrad Metal Works (“LMZ”) in the 1960s. The plant is the second level of the Angara Hydroelectric Stations cascade. Since its full commissioning in 1967, the station was the world’s single biggest power producer until Canada’s Churchill Falls in 1971. Annually the station produces 22.6 billion kWh.

The precious 80 tonne cargo was transported to Pulkovo International airport of Saint-Petersburg where it was loaded on Antonov An-124-100 Ruslan to made all the way to Bratsk by air. On October 4, 2006 it landed in the Bratsk airport. In two days the unit 16 replacement arrived to the assemble place on the Angara river.

Sergey Emdin, CEO of IrkutskEnergo JSC, noted the press that the Bratsk plant reconstruction project includes not only the economical, but the ecological aspect by reducing carbon dioxide emission for 6 million tonnes for the period of 2008-2012.

In 2006 and 2007 the old plant is scheduled to receive two more working wheels – by one for each year respectively, and in 2008 and 2009 another four – by two for each year.

Sevilla signs Sirigu on loan from Paris SG

Monday, August 29, 2016

On Friday, French capital football club Paris Saint-Getmain announced they loaned Italian goalkeeper Salvatore Sirigu to Spanish club Sevilla F.C. till the season end.

29-year-old Sirigu started his career in Italy and joined the Parisians five years ago, in 2011. After playing 60 Serie A matches from 2009 to 2011, Sirigu became the first-choice goalkeeper at PSG for four years, playing 145 matches.

In five seasons at Parc des Princes, Sirigu has won four consecutive Ligue 1 titles, three Trophée des Champions, three Coupe de la Ligue, and two Coupe de France. Sirigu has played seventeen international matches, debuting in 2010.

Last season, German goalkeeper Kevin Trapp joined PSG and became their first-choice keeper. Lacking playing time with PSG, Sirigu signed the contract with Sevilla on Friday, after passing the medical tests hours before.

Per the agreement between the clubs, PSG has not included an option for Sevilla to buy the player.

Home-invaders pose as NYC police

Monday, July 16, 2007

In two separate incidents, men posing as members of the New York Police Department (NYPD), have invaded homes in the New York City area. In both cases, they robbed the residents, but in the most recent, they sexually assaulted a woman.

On Saturday, July 14, at 1:09 a.m. EDT (UTC-4), four men knocked on the door of a Yonkers, New York, apartment. The 33-year-old male that lives there opened the door, as the men outside wore NYPD hats and t-shirts, and had badges hanging around their necks.

The men promptly ordered the male victim to the floor. “When this guy pushed me, he had a gun in my face,” the victim said. “I could see the other guy. He motioned to the others, come on, let’s go, let’s go.” The intruders shouted “Where are the drugs?” as they ransacked the apartment.

Two of the men entered the bedroom and sexually assaulted the 30-year-old female. The couple has a five-year-old child, who was sleeping in another bedroom. “The more I resisted, the more he began to hit me,” the woman said. She said she was sexually assaulted by two of the men while her boyfriend was bound and guarded.

Frightened. Make you think twice before you want to open the door, you know

Police said the men then left with a cell phone, a laptop computer, a diamond ring and a gold chain. Police do not believe that they were real officers. As of this afternoon, no arrests have been made.

On Thursday, July 5, shortly after six p.m. in the East New York neighborhood of Brooklyn five men knocked on the door claiming to be “the police.” When the victims opened the door, they pushed their way in demanding the family give them drugs and money.

When police responded to a call reporting a robbery, they found the family, husband, wife and their daughter, tied up. The man suffered a head injury when he was pistol-whipped. Police say the robbers got away with a camera, jewelry, and US$5,000 in currency.

Neighbors told NY1 that they were stunned. “Frightened. Make you think twice before you want to open the door, you know,” said one of the neighbors. “Now you be asking for all this ID and stuff and even still you’re going to wonder, are they for real? So it’s kind of scary.”

There is no word about whether the two cases are connected. Yonkers is on the border of New York City, but is outside the jurisdiction of the NYPD.

CFPB records fewer complaints in early days of US government shutdown

Tuesday, October 8, 2013

Unlike some parts of the US Federal Government, the Consumer Financial Protection Bureau (CFPB) has been open during the federal government shutdown and recording a record-low number of complaints submitted by consumers against mortgage companies, credit card companies, student loan providers, banks, money transfer providers, companies who provide credit reports, and other companies providing consumer loans.

With data not available for yesterday, the first four days of the shutdown had daily totals of 37, 16, 13, and 3 complaints. With the exceptions of September 29 with 15 complaints and September 28 with 23, it is the lowest daily total since March 16 of this year when 36 total complaints were recorded and February 23 of this year with 14. The total complaints are also down from the same dates last year, when the total complaints per day for the first four days of October 2012 were 272, 298, 288, and 225.

Of the 69 filed complaints recorded so far this month, 27 were complaints about mortgage companies, 21 were about bank accounts and 10 were about credit card companies. 40% of credit card companies complaints, 42.9% of bank account complaints and 48.1% of mortgage complaints are currently listed as still in progress. Most of the rest have been closed with an explanation.

Bank of America leads all companies in terms of total complaints filed this month with 9. Bayview Loan Servicing, LLC andJPMorgan Chase have 7 complaints each. Ally Bank, Sovereign Bank, and Wells Fargo have 4 each. Flagstar Bankand Equifax have 3 each. Citibank, Nationstar Mortgage, TD Bank, Amex, and FirstMerit Bank have 2 complaints each. 18 financial services companies have 1 complaint each filed against them.

During the government shutdown, some CFPB staff have voiced their opinions on Twitter. Dan Munz, deputy assistant director for consumer engagement at the CFPB, tweeted, “Boy, shutdown week has really created a sudden bumper crop of amateur federal management experts.”; “Also, seems like Boehner is singlehandedly undoing whatever progress he’d made in portraying this as a Dem [Democratic Party] shutdown.”; and “Basically, there’s now a strong incentive to fill legislation with minor symbolic things you can bargain away later to protect the core.”

The agency has been able to stay open during the government shutdown because it is funded by the Federal Reserve. According to Amanda Terkel at the Huffington Post, Republican members of the United States House of Representatives have put closing the CFPB on their wish list of items in negotiating for a new debt ceiling limit. Party members have previously stalled the appointment of Richard Cordray as the CFPB boss as a way of hindering it from engaging in oversight of financial organizations in the the US.

Interview with Tony Ciufo, City Council candidate for Ward 10 in Mississauga, Canada

Friday, September 22, 2006

The upcoming 2006 Mississauga municipal election, to be held November 13, features an array of candidates looking to represent their wards in city council.

Wikinews contributor Nicholas Moreau has contacted as many candidates as possible, including Tony Ciufo, asking them to answer common questions sent in an email. There is no incumbent in the newly created ward; the sixteen resident competing for the position are Shah Rukh Alam, John Briers, Jamie Dookie, Dale D’Souza, Prag Euclid, Adnan Hashmi, Elias Hazineh, Jack Janiak, Fasal Javaid, Craig Lawrence, Sue M. McFadden, Patrick Mendes, Barbara Polis, Graziano Roti, Ali Tahmourpour, and Scott Wilson.

Texan bystanders kill car passenger after child injured

Wednesday, June 20, 2007

A man who was trying to protect the driver of a vehicle that had hit a child pedestrian was killed by an angry crowd the evening of Wednesday, June 20, in Austin, Texas.

The man was identified today by Austin police as David Rivas Morales, age 40. The driver had just dropped Morales off at his sister’s townhouse moments before. Then while still in the parking lot, he allegedly bumped the toddler with the vehicle. The child was not injured and was not taken to the hospital. A group of 3 or 4 men confronted the driver and Morales came back to assist him. The assailants then turned on Morales. Police indicated the driver, who had escaped the scene of the crime, was cooperating with the investigation. Morales died at the hospital from injuries that included a cracked skull and brain hemorrhaging.

The neighborhood was crowded at the time with some 2,000 to 3,000 people who were participating in the annual Juneteenth celebration, which commemorates the day the emancipation of slaves was announced in Texas. It was not immediately known whether any of the attackers had been part of the celebration.

In a news conference on Wednesday, members of League of United Latin American Citizens called on the community not to assume the killing was racially motivated solely because Juneteenth celebrants are predominately African-American and the victim was Latino. Police officers stated that early reports were incorrect in implying thousands of potential witnesses, as investigations suggested only 10 to 15 people had been in the parking lot when the incident occurred and most of these were residents of apartments nearby.

US automaker bailout deal fails to pass Senate

Friday, December 12, 2008

A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote.

The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that the United Auto Workers (UAW) union agree to increase wage cuts by next year in order to bring their pay into line with those of Japanese automobile companies in the United States. The UAW refused to meet the demands.

The final vote count in the Senate was 52-35, eight short of the 60 needed to pass. Only ten Republicans joined forty Democrats and two independents in voting for the bill. Three Democrats voted with thirty-one Republicans against it.

Senate Majority leader Harry Reid said that he was “terribly disappointed” by the failure of the bill to pass. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight,” Reid said. “Millions of Americans, not only the auto workers but people who sell cars, car dealerships, people who work on cars are going to be directly impacted and affected.”

HAVE YOUR SAY
Did the Senate do the right thing in rejecting the bailout plan?
Add or view comments

Republican Senator Bob Corker was also unhappy about the rejection. “We were about three words away from a deal. We solved everything substantively and about three words keep us from reaching a conclusion,” he said.

Some Democrats now want U.S. President Bush to reserve a portion of the $700 billion bailout package earmarked for Wall Street to assist the flagging car industry.

Stock markets worldwide fell dramatically on the news, with Japan’s Nikkei average losing 484.68 points, or 5.6 percent, reaching a level of 8253.87 points. Shares in the auto companies Toyota, Nissan and Honda all dropped by no less than 10 percent apiece. European stocks, such as those in the United Kingdom and Germany, also lost ground, with the FTSE-100 index of leading shares falling 176.3 points to a level of 4,211 at midday.

Shopping Basket