Friday, May 15, 2009

Money is out there, Every where


I just met a CEO of a company for some business talks and during the discussion he suggested me on this book called "Stay Hungry Stay Foolish" by Rashmi Bansal. He mentioned the author's effort is really worthy as she has succeeded in capturing the case studies of 25 IIM Ahmedabad grads who choose to carve a path for themselves in this competitive world.

The books is real a boost for lot of budding entrepreneurs. There is a section which interviews the entrepreneur himself, who depicts the story behind their success. Its so thought provoking to read through their ups and downs in getting to the place where they stand now. Its never a cake walk, to get to those beautiful roses they should have faced so many thorns.But its there passion, dedication and rock steady desire to get there finally, got them what they want.

After reading through these stories my mind spawned a new thread called "entrepreneurs" and would get it active each and every chance it got to execute it in a typical round robin fashion. When this tread became active it identifies and observes the entrepreneurs around me.

Recently i identified a entrepreneur just in front of my home. He usually drops to my home every Saturday and later came to know that he is indeed a very busy person and has different areas charted out in his organizer for each day of the week.

I was really amazed when he explained his business plans and his road map to success. His ROI (Return on Investment) is very much a safe bet and returns usually turns out to be more than 100%. All his assets are his second hand flute, pipe and a old cow. He had given an aesthetic look to his cow by spending few hundreds by covering it with a decently decorated embroidery cloth.

Out of curiosity i drafted a rough estimate on this days turnover. Let us brush away the dust in our brains.

There is around 80 houses houses in our road alone and in case even if 10 people in our road offers him minimum of 1 rupee each and if he covers around minimum of 30 more roads each day then he is left with 300 rupees. His monthly turnover would be 9000 rupees with 0% income tax. Its a pretty decent salary for a part time job like that with ample time for entertainment which most of us can't afford to during these days.

I was really pissed very lately because there is no other talk except Recession every where i go. I wonder sometimes why people are so much feared and why is that this word made so much impact very lately even though we have faced them lot of times earlier. But when you deeply look into it there are still lot of people who makes use of these times and come out in great colors.

Money is spread out everywhere only people who strive for it at the right moment will grab it and the right moment comes for those who tries every moment.

2 comments:

Unknown said...

Great writeup, Ravi!
Amazing description of the enterpreneur with his cow and accessories :) He would be thrilled to see your case study on his business model, im sure!

I've heard 'in great disaster lies great opportunities'...so probably there is something BIG we can all cash in through the 'recession' times.

love...
koshy.

ABH said...

Ravi,

People who are carelessly using the word "recession" should actually read your write-up.And, as you say,its all about how one looks at the situation and makes the best use of it.