Grandson : Earn before you spend

My childhood memories are blur now. I can't remember all those childhood days but some memories are still vivid. We used to visit our parents during vacation. And those vacations were what we all used to count.

As a child I was mischievous, enthusiastic, used to speak with lisp, cry like mad and laugh like devil. I have made a lot of mistakes and some of those mistakes have given greatest lessons of my life.

As a child I loved chocolates a lot and still I do. I used to ask Rs 10 with my Grand Father. Sometimes he used to give it but at times I remember he used to give us a basket. A basket which could hold almost 6 Kgs of coffee beans and used to ask us to fill it with coffee beans.

We had some coffee bushes in our surroundings. We used to collect beans and he used to give us 10 rupees each saying now, you have earned it. He always insisted me to earn rather than to ask or beg. He had a clear thought that if you want to spend you have to earn it first.

And this was one among the greatest lesson I have learned from my grandfather. When it is not about Investment then it is always advised to earn before you spent.

I have read some of great business books, attended seminars and watched YouTube videos regarding personal financing. In all the forums, financial advisers are focusing on rational use of Credit Cards. They are urging people not to sell your future for present luxuries.

4 Powerful Ways to avoid "Tea Biscuit meetings"

Meetings play very crucial roles for the organization. Meetings sometime can be for general discussion, sometimes for SWOT analysis, sometimes for big decision. Practically many meetings go useless. After being on the receiving end of the complaints of many experienced managers I have decided to coin these useless meeting as “Tea Biscuit meetings”.

 For better understanding let’s divide meetings into two parts.

Infograph : Four Powerful ways to avoid "Tea Biscuit Meetings"

i)   Purpose :

Be sure about the purpose of calling or attending meeting. Sometimes deviating from main topic is good to fill out the boredom and breaking ices but getting too much indulged in out of context topics is just a waste of time and resources.

I was once told that in one of so-called managerial meetings all eight participants talked about their foreign trips and at the end of session they decided to hold the further discussions and postponed the discussion of real agendas.

Does that ring any bell? Do you remember any useless meeting you have attended? Please share the worst “tea biscuit meeting” you have attended in comment box below.

ii)   Impact:

Impact is the result you have devoted your whole preparations for, from the initial phase to the end of meeting. Results can be in various forms; it can be in the form of approvals, finalization of contracts, appointments and appraisals etcetera.

6 Business Lessons I learned from Mother- These might break your School Knowledge

It is said that, “Mother is a first teacher and home is the first school.”

Just by reading the above heading if you are thinking that I am from big Industrial/Trading family then stop thinking. You are wrong. My mother simply has not completed schooling but she is entrepreneur.

Theories might be waste some time, research done and conclusion made by great scholar might fail under some circumstances.

 Whatever you are taught, you have learned from books, movies or heard from some friends or seniors might not be always right.

Here I will mention some of the points along with the reasons and logic of my mother and I expect you to provide your views.

1) Every client is not equal:

Treat fairly to all the clients. If you are in service industry, serve them genuinely and if you are manufacturing industry, provide genuine products. But don’t forget all the clients are not equal. 

Some clients are your friends, caretaker and will be there during your hard times. They will help you during hard times but many will change the vendor. You have to be with those clients during their hard times too

5 Powerful Ways to Take Maximum from your Interns

Hiring interns and getting job done from them is challenging task for any organisation. We can say interns are sound theoretically and new to practical world. Other major characters can be they are keen to work and learn. They are always looking for challenges and to keep good track-record for the future reference.

What I am writing is based on what I have seen and experienced. While working as an intern for the CA firm in New Delhi. In many cases, organization fail to hire appropriate interns. I have seen many firms selecting just in basis of grades and references.

Interns can be just additional cost to your company if you can't use them appropriately.

In this article we will discuss how an organization can take maximum benefits from the interns too.

World Cup 2014 : Three Important lessons your organization should learn

Everyone waited for the world cup intensely. The buzz of world cup was everywhere; every schools, colleges, public transports, public places, media, social networks everywhere. In short let’s say where human has existence there was a buzz.

The countdown of world cup 2014 began from years and finally ended with a whistle.

After some days the final whistle was blown and Germans won the world cup. Some fans were sad, some were happy but this world cup gave us three IMPORTANT lessons that we must ADHERE.

Here I am comparing a football team with your organization. And if your organization has three utmost qualities that good football team has then you can achieve something higher. Every organization which will be able to inherit these three lessons is sure to rise. They can easily accomplish their vision, mission and growth objective.

In this article, please don’t expect me to talk about need of branding, how to market your products, how to win the customer etc. I am completely centered towards your organization and how should you compose it.

Lesson 1 : Your team should be strong in overall

Having only one shining star, in your team doesn’t guarantee success. Those teams which were dependent only in one star player suffered bitter loss. Let’s take Portugal and Brazil for example.

What should you do?

• Create self-motivated and good performing team. Make them understand that leadership is not a title it’s a human quality.
• Train your team and keep them updated.
• Make your employee stable, show them clear picture of growth in your organization.

Lesson 2: Keep the culture of team work

Football is not one man game and so is the organization. It is not one man empire. Look at football team, how they co-ordinate with one ball. Players take their own responsibility sometime assist other to handle their responsibility.

Same should be the case in your organization.

What should you do?

• Plan the organizational target effectively. It should be clear, feasible and optimistic.
• Divide organizational target into departmental and further departmental targets into individual.
• Allocate individual duty along with all the rights required to perform the duty.
• Learn to use the available resources optimally rather than just gathering it.

The reason behind success of German football team is their team spirit. They played a good team-game and achieved the highest of Goal.

Lesson 3: Team achievement is more important

Just look at Messi, winning the golden ball is one of his biggest achievements. But look at his photo, he was not even able to smile. He was focused on team more than in his personal achievement.

If your team is also focused on your organizational goal, all will perform the best. Teach them “none of them are as smart as all of them”

What should you do?

• Promote departmental or group wise bonuses more than the individual one.

• Organize various programs and events continuously. You also can conduct motivational seminars or some other technical sessions which will promote                                                                             team spirit.

----------

Those three lessons from football can make your organization a happier place to work. After all, employees are the fundamental tool for the company and employees are the first brand which represents your company in market.

Budget 2014 and Tax Implications

Hello,

Surfacely whole India has responded overwhelmingly to new budget. Medias are full of headlines like "prospective budget", "achhe din", "Gujrat Model", "FDI" etc etc ..... There are a lot expectations in implementation side as promised in the budget.

What do you think about the budget? Are good days coming or not? In this article we will concentrate on tax implication.

Here are some major amendments/ changes in Tax regime as per 2014 budget.

Our team has done best to incorporate all the points as far as possible.

Budget 2014 : Some Major Highlights

New Slab Rate

1) For Individuals HUF and Body of Individuals

Up to 2,50,000 - Nil

2,50,001 - 5,00,000 - 10%

5,00,001-10,00,000 - 20%

10,00,000 and above - 30%

2) For Senior Citizens

Up to 3,00,00 -Nil

3,00,001 - 5,00,000 - 10%

5,00,001- 10,00,000 -20%

Above 10,00,000 -30%

3) Senior Citizen age over 80 years

5,00,000 - Nil

5,00,001 - 10,00,000 - 20%

10,00,001 and above - 30%

No Reason For Love

June 25 : From Own Diary

It happened again, again I fell in love. I liked her for no reason and love her for no reason.


There needs no reason 
to like someone and;
to love someone

Everything seems special
her acceptance and denial
the way she beckon you
it seems more special

Although you are far awy,
you can't get rid of her
wait hours to see her online
watch phone hundred times
if there is a single chance
A single, missed call

Love is beautiful,
makes everyone crazy
love is amazing
surprises you a lot may be

When you love
your intelligence fails
I can't find a solution
why I loved?
When I start loving her

Although one sided
I just love her
love her for no reason
no any reason at all