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Leadership Lessons from Lord Ram and Krishna

Shitanshu Kapadia
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Leadership Lessons from Lord Ram and Krishna

Ram and Krishna are two great gods and the main protagonist of Hindu epics Ramayana and Mahabharata.

The central story of Mahabharata and Ramayana is around the victory of good over evil.

In the story of Ramayana Lord Ram leads an army to monkey’s to surmount Ravana, while in the story of Mahabharata Lord Krishna guided Pandavas to defeat Kauravas in Kurukshetra.

Lord Ram and Krishna teach us the following lessons of leadership through Ramayana and Mahabharata.

Krishna Ram Leadership Lessons

Leadership Lessons from Lord Ram

Lord Ram was the true leader and front-end fighter of his army. He was supreme in deciding strategy during the fight of Ramayana. He directed his team to meet objectives. His team was happy to follow his orders.

Lord Ram’s leadership style was unique during the fight of Ramayana. He was leading an army of Monkey’s who were unskilled fighters and always looking for directions.  His army was fighting for his cause. Lord Ram shows the way to his team and directs them on what to do in tough times.

Lord Ram –

  • Skill Warrior
  • Leading Team from the front
  • Gives specific roles and instructions – Tells
  • Showing the way in difficulties
  • Motivating people to fight for his cause

Leadership Lessons from Lord Krishna

Lord Krishna was totally different from Ram. During Mahabharata Lord Krishna told Arjun that, He won’t pick up any weapon and he would not fight any battle. He will be there as a charioteer to Arjun. He does exactly the same. He never fought the battle and never picked up any weapon. He was just a guide to Pandava’s.

Lord Krishna was aware that he had one of the best archers Arjun in his team. Krishna acted as coach to Pandava’s. His main job was to remove cobwebs from Arjun’s mind. He was able to show a different perspective to Arjun by delivering Bhagavad Geeta during the battle of Mahabharata.

Lord Krishna –

  • Does not fight any battle
  • Works with the best professional
  • Leading Team from Back
  • Allow Team members to take the lead
  • Fight for the cause of the team
  • Clarifies doubts and guides the team

After knowing about lord Krishna and lord Ram, it is time to assess yourself, look at yourself, and decide –

What type of leader you are?

  • Are you a front worrier and leader who leads’s team from the front or do you allow your team to take the lead?
  • Do you have unskilled professionals in your team or you are working with the best professionals?
  • Do you show ways to your team directly or do you ask them relevant questions so that they can find their own solution?

The Younger generation today wants leaders like Krishna. They don’t want anyone who tells them, how things are getting done, but they want to know the meaning of their job. Look at your team members if they are like Arjun’s, who are skilled and then they want someone to clarify their doubts and guide them.

If your team members are unskilled, then it is appropriate for you to apply the leadership style of Lord Ram.

Which leadership style is appropriate for you – Lord Ram or Lord Krishna?

Do share your views!

Invest 50 Rs every day to become crorepati

Shitanshu Kapadia
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Invest 50 Rs every day to become crorepati

crorepati

How to become a Crorepati? This is a very generic question without any readymade answer. To become crorepati is dream seen by every Indian, but very few can able to accomplish that. So if you are one of them who want to become crorepati but don’t know how to start with. I am here with a simple idea to become a crorepati. If you are 24 years old, then just by investing 50 Rs every day will make you crorepati by the age of 60. This means you need to make an investment of 1500 Rs/- per month in diversified mutual funds for next 36 years through SIP (Systematic Investment Plan) to become a crorepati. The power of compounding effect is enough to make your millionaire.

How to become Crorepati?

Let’s try to understand this in detail with an example.

  • Suppose Mr.ABC is 24 years old
  • He saves 50 Rs every day. This leads to the aggregate amount of 1500 Rs per month.
  • He is a smart investor and invest this 1500 Rs every month in a diversified mutual fund through SIP route.
  • Assume that mutual funds give return of 12% per annum.
  • If Mr.ABC continue this process of next 36 years, he will become a crorepati.

crorepati

If you are starting at early stage say at the age of 20 years you need to invest 30 Rs per day to become a crorepati. This opportunity is even available to older people, however, you need to invest more with growing age. If you are starting at the age of 30 years you need to invest 95 Rs day to achieve it.

You can access crorepati calculator from here.

Alternatively you can refer to following table to know investment required to become crorepati –

Investment required  per month to become Crorepati
Time Frame (Years) Time frame (Months) 6% 10% 15% 18%
25 300 14,425/- 7,600/- 3,152/- 1,808/-
24 288 15,589/- 8,450/- 3,666/- 2,161/-
23 276 16,871/- 9,426/- 4,268/- 2,585/-
22 264 18,300/- 10,531/- 4,973/- 3,092/-
21 252 19,875/- 11,781/- 5,800/- 3710/-
20 240 21,620/- 13,201/- 6,771/- 4,436/-
19 228 23,570/- 14,819/- 7,915/- 5,322/-
18 216 25,770/- 16,670/- 9,265/- 6,391/-
17 204 28,253/- 18,797/- 10,870/- 7,686/-
16 192 31,075/- 21,255/- 12775/- 9,260/-
15 180 34,302/- 24,110/- 15,045/- 11,179/-
14 168 38,024/- 27,451/- 17,785/- 13,531/-
13 156 42,355/- 31,392/- 21,092/- 16,430/-
12 144 47,445/- 36,086/- 25,130/- 20,028/-
11 132 53,500/- 41,739/- 30,097/- 24,533/-
10 120 60,820/- 49,640/- 36,291/- 30,238/-
09 108 69,810/- 58,258/- 44,135/- 37,560/-
08 96 81,115/- 69,180/- 54,250/- 47,131/-
07 84 95,715/- 83,387/- 67,630/- 59,940/-
06 72 1,15,265/- 1,02,534/- 85,920/- 77,628/-
05 60 1,42,730/- 1,29,582/- 1,12,080/- 1,03,160/-

How to make this process faster?

Now you must be thinking that 36 years is the longer time period to become a crorepati. Can we become crorepati faster? Well it all depends upon following

  • Willingness to invest higher amount
  • Starting investment at early stage
  • Selection of asset class which can provide better return

I have taken an example of mutual fund which gives a return of 12%. If mutual funds in which you invest your money generate higher returns say 15% you can become crorepati at a much early stage. Another way of fastening this speed to invest in equity. As equity can generate return up to 18-20%.

Conclusion:-

Key to become crorepati is to invest money regularly in a correct asset class which grows at higher rates (12-20%).

So when you are planning to invest 1500 Rs per month?

Do share your views on above!

How to write a good business plan?

Shitanshu Kapadia
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How to write a good business plan?

business plan

Preparation of a business plan is the first and most important task for starting a business. If you are planning to start a business, you must prepare a business plan. In this post let’s explore detail about, How to write a good business plan?

What is a Business Plan?

The business plan is a blueprint of business operations. It is probably best described as a summary and evaluation in writing about your business idea. If you are running out of business ideas, you can refer to my earlier post mentioning “250 small business ideas with low investment”. The business plan should include details concerning the industry in which you operate, your product or service, marketing, production, personnel and financial strategies.

What is the purpose of Business Plan?

A business plan allows you to think through all the factors of a business, and to solve potential problems before you encounter them. It will identify strengths and weakness and help to assess wheatear the business can succeed. It is a blueprint for starting, maintaining or expanding a business. It is working plan to use in comparing your achievements to the goals you set. It should provide information required by financial institutions when finance is sought.

How to write a good business plan?

Step -1 Collect Information

Gather as much relevant information as possible concerning the industry in which you intend to operate (the number of businesses already operating, the size of their operations and where they are located). Use books, industry associations, and existing business owners to help you.

Collect all possible information regarding the markets you are aiming for (who buys, why do they buy and what are the key features the customer looks for).

Learn all you can about the products or services you intend to produce distribute or offer.

Step-2 Analysis

Read over all the material you have collected and decide what is relevant to your business idea. You may have to modify your idea depending on what your research shows. The key question to ask is

“Can you design a business that will earn enough to cover costs and pay a wages and reasonable profit to you as the proprietor?”

When Steps 1 and  2 are completed , you should have decided if there is a market for your products or service which is large enough and sufficiently accessible to make your  new business financially worthwhile. Now you are ready to commit your plan to paper.

Step-3 Strategy Formulation

Decide how the business will operate, you should describe how the business will be managed, and the staff and of organizational structure that will be in place. Diagram may be useful to show how these areas will work. Don’t forget to include the areas of responsibility for each member or staff. This is especially important if some of your staff will be family members.

There are three further parts that go together to make a comprehensive business plan

  • A Marketing Plan, which includes location, method of selling, packaging, pricing and so on. In all these areas you must be aware of consumer trends to make sure that your business does not become outdated or irrelevant.
  • An Operational Plan, which describe the day- to -day running of the business. You should include supply sources, cost and quantities of materials, processes, equipment and method of extending the services or products offered.
  • A Financial Plan, which is master budget for the operation and includes:
    • cash flow forecast
    • balance sheet
    • profit and loss statement
    • sources of finance
    • sales forecast and target

The financial aspects of the plan are most important and you should develop or access financial skills to make sure this part of your plan is accurate and realistic. Don’t forget set-up costs and the money needed to see you through an initial period of low cash flow when calculating your first year’s budget.

business plan

Update your Business Plan

Nothing remains constant in business; circumstances change, markets change, fashion change, method change.

From time- to -time you must check your sources of information and reassess your business plan. What is relevant when you start is not necessarily so in five years time. You may also need to revise  targets and budgets if external factors (such as interest rates) vary.

Keep your information up -to-date and be prepared to change as circumstance demand. A business plan should be thought of as flexible, not fixed. If you use these steps to develop a business plan, changing it according to circumstances, you will be well on the way to a successful business.

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