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10 Personal Finance Lessons from Sachin Tendulkar’s Career

Personal Finance

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November 16, 2013

10 Personal Finance Lessons from Sachin Tendulkar’s Career

Sachin Tendulkar “God of Cricket” retires today from Wankhede stadium Mumbai. For all lovers and fan followers of Sachin it is emotional moment as they will not see batting hero, sport icon Sachin Tendulkar on crease again.

On this occasion we thought to share some important personal finance lessons from Sachin Tendulkar’s Career. If you are young investor and fan of Sachin Tendulkar you must read and follow these lessons carefully.

10 Personal Finance Lessons from Sachin Tendulkar’s Career

Lesson -1 – Starting Early

Sachin Tendulkar started his career when he was just 16 years old.

Similar to Sachin Tendulkar we should start our investment earlier. Most people fail to start investing early. Remember staring investment at earlier stage means giving more time to your money to grow.

You should start investing as soon as you start earning.

Lesson-2 – Discipline

Sachin Tendulkar is epitome of discipline, he remains in discipline weather he hits century or gets out on duck.

Sachin Tendulkar teaches us to remain in discipline. Your stock market portfolio may get ups and down but if you follow discipline & stay invested success will touch your feet.

Lesson-3 – Dedication

World knows Sachin Tendulkar for his dedication & Hard work in cricket. Due to his dedication is known as God of Cricket.

In world of investment if you approach every investment decision with dedication it will defiantly help you. Due to your dedication you will able to identify correct investment opportunity which other will not able to do.

Lesson -4 – Always remain Hungry

Sachin Tendulkar always desire good cricket score and he always remains hungry despite of having all records on his name.

In world of personal finance you should always remain hungry to learn new concepts. Remain hungry & give food for thought in terms of finance & investing.

Lesson -5 – Making Mistake is fine

Many times we see Sachin Tendulkar making simple mistake while playing ball.

In world of investing making mistake is fine, probably you may end up by losing money by doing wrong investment but repeating same mistake again and again is not advisable.

Lesson -6 – Know what to Avoid

If you have observed Sachin Tendulkar carefully you can say that Sachin never play rash shots like other player, this is because Sachin knows what to play and what to avoid.

In world of personal finance you must know things to avoid. E.g You should avoid making investment by borrowing money. You should avoid investing in stocks which are more risky.

Lesson- 7 – Strategy

Sachin Tendulkar adopted right strategy at right time. It reminds me about famous match of 2004 where Sachin played 241 runs and remain not out, in this match he scored majority of run onside he does this thing deliberately as he was dismissed several time in series while playing storks on off side, so in this match he has adopted right strategy at right time.

Making correct strategy at correct time is very important in world of personal finance. Making investment decision based on strategy will help you in generating more returns.

Lesson -8 – Focus on Goal

Sachin Tendulkar always remains focused on Goal. His one & only goal was to win World cup for India he remain focused on same and finally after 24 years in 2011 India won world cup again.

Lesson learned is we should always remain focus on our goal & we should always take effective steps to fulfill this goal.

Lesson- 9 – Retire Young Retire Rich

Sachin Tendulkar Started his career when he was 16 years old and he retires at age of 40 years. Not only that, he is retired with lot of money in hand. Apart from cricket he has made lot of money by doing advertisements.

He has started his career at very young age and taken retirement at young age with lot of money. Lesson learned here is we should put our effort to retire young and retire rich.

Lesson – 10 – Diversification

Sachin Tendulkar has made lot of money from cricket and advertisements not only that he is wise enough to invest this money in various asset classes, He has made investments in restaurants, real estate and businesses to take complete advantage of the benefits of compound investing which undoubtedly secures his future financially and also his children.

Similar to Sachin Tendulkar we should also diversify our investment in multiple asset classes.

Hope we all become like Master Blaster Sachin Tendulkar in world of Finance 🙂

Finally if you are fan and follower of Sachin Tendulkar Do shares these lessons with others!

Rakesh Jhunjhunwala – One cannot make money from borrowed knowledge

Stock Market

Shitanshu Kapadia

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November 2, 2013

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Rakesh Jhunjhunwala – One cannot make money from borrowed knowledge

On Diwali 2013 Rakesh Jhunjhunwala was interviewed by bolloywood actress Chitrangada Singh & Kripa Raman of Mumbai mirror. In his talk Rakesh Jhunjhunwala disclosed his views on current slowdown. He also spoke on some interesting fact about his personal life.

Let’s check out what Rakesh Jhunjhunwala says:-

What’s a day in the life of Rakesh Jhunjhunwala like?

I wake up any time between 7 and 10 am. I watch the markets till around 10.30 am. Then I have my bath, eat a small breakfast, and by noon I am in office. Till 3.30-4 pm I watch the markets again after which I meet people, attend to reports and do whatever reading that has to be done. By 7.30, I am out of the office. Once or may be twice a week, I socialize.

Are your investments driven by intensive research or great instinct?

They are driven by everything. It is difficult to say the one thing that triggers my interest (in a particular stock). But finally, it is intuition. A lot of people collect data for me but in the end I do my own analysis.

When you think of your best and worst investments, what were the things that went into them?

I have not been a good investor because I am Rakesh Jhunjhunwala, I have been a good investor because God ordains that I become one. There is a silent hand that is always helping me.

Besides shares, real estate and cars, what are your indulgences?

I buy some racing horses. There’s no return in it. I like very fine whiskies, and occasionally very expensive cigars.

Do people flock to you for investment advice wherever you go?

Not these days. They come to me when the market is bullish and stocks are up…I don’t get irritated, I give them tips…But one cannot make money from borrowed knowledge.

Do you do any charity? Is there a particular cause that moves you?

My pet project in life, about which I am doing nothing at the moment, is malnutrition. I also hope to give 25 per cent of my wealth on July 5, 2020, when I will be 60 years old. That would be roughly about Rs 5,000 crore by that particular day. At present, I give away Rs 15 to 20 crore in charity annually.

What is your dream home?

Well I’ve just bought property. I like sea-facing homes. I could never think of leaving Bombay. I can’t see myself living anywhere else. I have been here since I was three years old.

Which sector would be safe for Investment?

Export sector is doing very well and it is expected to grow even Finance sector is good for investment. It is time to invest in the market. You will get very good gains over the next three to five years.

What about Gold is it good investment bet this Diwali?

I do not invest in gold but I can say that over the next year gold could be good investment but over four to five year horizon, I am not so bullish on gold.

What about current Recession?

There is a slowdown, a recession. There is no doubt about it. There is a slowdown in the country but it is temporary, it will reverse itself. Markets are like women, always commanding, mysterious, volatile exciting and it is not a joke. Just as you cannot have a good relationship with a woman by brow-beating her, you cannot have a good relationship with the market by trying to bully it. The king is the market. Just as women have emotions, markets have emotions. It is basically a product of the thoughts and emotions of so many individuals.

Any advice for investors

Have faith in India.

Reference from – Rakesh Jhunjhunwala Mumbai Mirror Interview & Economic times Rakesh Jhunjhunwala Interview

7 Qualities Every Successful Businessman Needs

Business Ideas

Shitanshu Kapadia

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October 13, 2013

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Today we will discuss the most common qualities required for a businessman to be successful.

In the list of successful businessmen we have many people starting from Birla, Tata, Ambani, and Mittal, but do we know what quality makes them so successful? We are herewith 7 common qualities of a successful businessman these qualities are being driven by careful research and analysis.

7 Qualities for Successful Businessman

#1 Passion for Excellence:-

Passion for excellence is an inherent quality of successful people, we don’t know if someone can teach this quality. But we are sure that passion for excellence is one of the qualities which make businessman successful.

The passion for excellence means whatever work you do small or big you must strive for excellence, starting from the way you write or the way you sign there should be a touch of excellence.

This thing is rightly explained in the Hindi movie “3 Idiots” Don’t run behind success, try to achieve excellence, success will come looking for you.

Example:-

“One artist was making one sculpture & he was giving the finishing touch to that sculpture’s eyes at the same time another artist told him that the sculpture was already looking magnificent and please come down don’t waste your time.

The answer given by the artist was that sculpture may look magnificent but I know that the eyes of sculpture require a finishing touch and without completing it I will not come, whatever sculpture I make must be perfect in every sense. In the end, I should be able to give a pat on my back that excellent work was done.

If we develop the same approach in whatever work we do we will be defiantly become successful.

#2 Ability to develop Team:-

Only having a passion for excellence will not give you the success you need to have a team of people with this quality. Team means “Together everyone achieves more” Successful people always work in a team and they can develop a team.

Example:-

Every grand slam has come to defeat the team of Mahesh Bhupathi and Leander Paes but they were not able to do that as Mahesh Bhupathi and Leander Paes were playing as a team.

At a later stage, both of them have egos involved with each other and they decide to separate now that they play individually and anyone can defeat them.

Moral you need a team to be successful in business & you should be capable of developing a team.

#3 Master in Communication:-

To develop a team you should be a master in communication because whatever ideas you have in you’re mind you should be able to transform your idea into your team.

Example:-

Mahatma Gandhi as a leader was successful because he was a master in communication his communication was used to influence the masses in India to get Independence.

The second example is a leader like Manmohan Singh cannot win an election alone as he is not a good communicator he needs a spokesperson like Sonia Gandhi to win the election.

The third example is Sachin Tendulkar, Sachin failed as captain of the Indian cricket team because he is not a good communicator, while Dhoni was successful because he was a good communicator and able to manage the team.

Today everything works on communication better you have communication and presentation skills, your chance of becoming successful is higher.

#4 High Energy level:-

Successful people maintain high energy levels. They start their day with the same energy level and exhibit the same energy level at the end of the day. They always surprise you with their energy level, nothing tires them.

Example:-

Chairman of L&T Mr. A M Naik is a person who exhibits a high energy level. For the first 21 years of his career, he never took leave – not even a weekly day off. That shows his energy level and dedication.

As their body and mind function at high energy levels, they are able to study more and work more. This increases their chance to become successful.

#5 Value-based decision-making:-

The hallmark of leadership is value-based decision-making. You have to be consistent in making the right decision.

Your decision should not be mood-based it should be value-based. You should arrive at a fair decision considering all facts and figures in mind.

If your decision is mood-based people try to manipulate you for their benefit.

So it is very important for you to be a value-based decision maker if you want to be a successful businessman.

#6 Methodology:-

Methodology is another important quality required for success. What is your methodology it is nice to have a goal it is nice to have ambition & big thinking that you are going to do this or do that but how? What is the method you adopt?

Example:-

Dying cricket was revived with a methodology called T20. Its methodology is the same game but with some innovation and creativity brought in.

Cinema was dying but multiplex is an innovation or a method to revive the same. Provision stores is now an old concept new methods now adopted are big shopping malls or online shopping.

Door delivery is another example Pizza Hut uses to deliver pizza in fix time. This is the method to increase sales.

Design & Innovation is Steve Jobs’s Methodology. Style Rajnikant’s methodology, exploration Kamal Hasan’s methodology, dance Hrithik Roshan’s methodology, Entertainment in a sport which is boring Lalit Modi’s methodology, what is your methodology? Keep Thinking to keep innovating.

So methodology is another skill required for a successful businessman.

#7 Eternal Faith

Another common quality is all successful businessmen have faith, Faith in god, faith in the system, and faith in the principal.

All of them have faith in what they are doing. They always carry self-belief. A question was asked to industrialist Dhirubhai Ambani about the secret of his success many people thought that Dhirubhai would talk about engineering or reverse engineering but surprisingly answer was “I am successful because I have my mother’s blessing with me.” So, the mother’s blessing was faith for Dhirubhai Ambani to be successful. Try to find out what is your faith.

Believe me, if you develop the above seven common qualities among you, you will aspire to become a successful businessman.

40 Small Business Ideas with Low Investment

Business Ideas

Shitanshu Kapadia

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July 11, 2013

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Starting a small business can be an exciting journey filled with opportunities for growth and success. However, many aspiring entrepreneurs have the misconception that starting a business requires a large amount of capital. In reality, many small business startup ideas require very low investment and have the potential for significant growth.

In this article, we will explore 40 small business ideas with low investment across various industries and sectors.

40 Small Business Ideas with Low Investment

#1 Personalized & Custom-made Gift Store

As the demand for personalized and custom-made gifts rises, consider launching your gift store specializing in these unique offerings. This venture promises not only creativity but also the potential for a thriving small business.

#2 Gym or Fitness Center

In a world where health and fitness are paramount, establishing a small gym or fitness center in a well-located area can be a lucrative endeavor. Cater to the fitness needs of your community and watch your business flourish.

#3 Event Organizer

Venturing into an event organization requires expertise and manpower, but the rewards can be substantial. This is a small business idea that combines low investment with the potential for high profits, making it an enticing opportunity.

#4 Interior Designer

Capitalizing on the growing demand for interior decorating services, starting an interior design business presents itself as an excellent opportunity. Specialized skills are essential, but the market for interior design services is vast and lucrative.

#5 Small Grocery Shop

For those seeking a business idea with minimal complexity, opening a small grocery shop is a practical choice. This business is accessible to beginners and can be expanded gradually based on demand.

Also Read 20 small manufacturing business ideas with low cost

#6 Matchmaker or Wedding Planner

In the modern age, wedding celebrations are intricate affairs. Seizing the opportunity as a matchmaker or wedding planner can be a fulfilling and profitable business endeavor.

#7 Tuition Class

In a world where education holds paramount importance, starting a tuition class is a solid business idea. Catering to the educational needs of students ensures a steady demand for your services.

#8 Mobile Shop

As the demand for mobile devices continues to soar, initiating a small mobile shop is a smart investment. This business idea taps into the ever-growing need for mobile technology.

#9 Ice Cream Parlor

Launching an ice cream parlor is a delightful business venture with broad appeal. Offering sweet treats to your community can be a rewarding small business endeavor.

#10 Xerox & Book Binding Services

Fill the gap in college and school areas by offering Xerox and bookbinding services. This niche business can be a valuable addition to communities lacking these facilities.

#11 Mobile Food Shop

Embrace the mobile generation by starting a mobile food shop. This business idea aligns with the fast-paced lifestyle of today’s consumers.

#12 Jewelry Maker

Utilize your creativity by taking up jewelry making. With the increasing demand for unique pieces, this niche business can turn your passion into a profitable venture.

#13 Insurance Consultant

Delve into the world of insurance by starting a consultancy or agency. This business opportunity, suitable for both men and women, offers the potential for a stable income.

#14 Freelancer

For those proficient in programming, freelancing presents a plethora of opportunities. Numerous websites connect freelancers with clients, providing a flexible and lucrative income stream.

#15 Book Store

Appease the literary cravings of book lovers by starting a bookstore. This business idea caters to a diverse audience and can be a fulfilling venture for book enthusiasts.

#16 Catering Service

Celebrations and events call for good catering services. If you excel in providing delicious food and top-notch service, starting a catering business is a viable option.

#17 Computer Training

In today’s digital age, computer skills are essential. Starting a computer training center addresses this need, offering valuable education and creating a sustainable business model.

#18 Yoga Center

Combat the stresses of modern life by establishing a yoga center. This business caters to the growing demand for holistic well-being practices.

#19 Baby Sitting Services

A home-based business catering to working couples, and babysitting services, is a viable option. This venture provides a valuable service to families in need.

#20 Real Estate Consultant

Real estate is a thriving industry, and providing consultancy services can be a lucrative business option. Assist individuals in navigating the complexities of buying, selling, and renting properties.

10 Most Successful Business Ideas

#21 Game Parlor

Tap into the gaming craze by starting a game parlor with unique offerings. This business idea caters to the preferences of today’s generation, promising a steady flow of customers.

#22 Photographer

Turn your passion for photography into a business with low initial investment. As a photographer, you can offer your services for various events and occasions.

#23 Motivational Speaker

If you possess the skill of motivation, consider becoming a motivational speaker. Transform your abilities into a business opportunity, inspiring and empowering others.

#24 Travel Agency

Embark on the exciting venture of starting a travel agency. This small-scale business idea with low investment allows you to assist individuals in planning memorable journeys.

#25 Computer Shop

Utilize your IT knowledge by starting a computer shop. Offer IT-related products and services to meet the technology needs of your community.

#26 Relaxation Center

Amid life’s stresses, a relaxation center provides solace. Initiating this business offers a unique and essential service to individuals seeking relaxation.

#27 Courier Company

Explore the delivery business by partnering with existing courier companies or starting your own. A small courier company can provide essential services and generate a steady income.

#28 Resale Auto Dealer

Entering the automotive market, consider becoming a resale auto dealer. This business idea addresses the demand for selling pre-owned cars and bikes.

#29 Recruitment Firm

In a world where employment is crucial, starting a recruitment firm is a business option with high demand. Connect job seekers with opportunities, creating a valuable service.

#30 Security or Spy Agency

With an increasing need for security, starting a security agency or working as a spy offers a unique business opportunity. Ensure the safety of individuals and businesses in your community.

30 Small Scale Business Ideas

#31 Advertisement Agency

Establishing an advertisement agency opens doors to an evergreen business opportunity. Assist businesses in creating impactful campaigns, and you can enjoy substantial returns.

#32 Web Designing & Hosting

If you possess knowledge of various IT tools and programming languages, consider starting a web designing and hosting firm. Cater to the digital needs of businesses and individuals.

#33 Online Blog

Leverage your expertise by starting an online blog. This home-based business idea allows you to share valuable insights and earn money through various online platforms.

#34 Antique Article Shop

Capitalizing on the trend of keeping antique items at home, opening an antique article shop is a lucrative business option. Cater to the aesthetic preferences of your customers.

#35 Fast Food Parlor

Embrace the preference for fast food in today’s generation by starting a fast food parlor. This business idea aligns with the culinary choices of a vast consumer base.

#36 Data Entry Services

Numerous companies rely on data entry work for their operations. If you have the skills, consider providing data entry services as a business opportunity.

#37 Resume Writer

Utilize your design skills and deep knowledge to become a resume writer. Assist individuals in crafting compelling resumes, creating a valuable service.

#38 SEO Consultant

With websites seeking optimization, becoming an SEO consultant is a lucrative business option. Develop the necessary skills to help businesses improve their online visibility.

#39 Dairy & Sweet Parlor

Address the demand for dairy products and sweets by starting a small dairy and sweet parlor. This business idea caters to the culinary preferences of your community.

#40 Packers & Movers Business

Embark on the business of packing and forwarding by starting a Packers & Movers venture. This business opportunity addresses the need for reliable relocation services.

Conclusion

In conclusion, starting a small business with low investment is not only feasible but also offers numerous opportunities for aspiring entrepreneurs to pursue their passion and achieve financial independence. Whether you’re interested in technology, service-based industries, product manufacturing, or community development, there is a small business startup idea that aligns with your skills, interests, and goals. By leveraging creativity, resourcefulness, and determination, you can turn your entrepreneurial dreams into reality and make a positive impact in your community and beyond.