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Why business does not come to us naturally

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krish44 - one should NEVER do business in India with Bank's money. even if they don't ask for collaterals while giving money, if the business goes kaput, they can & will go after the assets of the entrepreneur. so one will lose everything. you should only do with VC's money clearly @ their own risk - with proper legal documentation !!. See, as much as the entrepreneurs need VCs, the VCs need entrepreneurs !! Never negotiate for less & be forced to start a business. There are dime a dozen jobs today, so work for someone, go on a vacation & have a pinacolada !! one should NEVER pressure oneself to start business, see visions of becoming a great entrepreneur - LOL !!
with your wisdom generate ideas for senior TB citizen who have no physical strength and only some brains and a lot of experience good and bad to generate wealth. a challenging task for you. IMO it is not difficult for some to become millionaires starting now . what do you think?
 
Business or job - it is not black and white, there are several shades of grey.
A self employed toilet cleaner may get a few thousand here but another doing the same job in canada may get several fold. I have seen punjabi lady sweepers in heathrow airport wearing gold bangles and conspicuous jewelry all over.
Even small self employed businesses (with one or two staff) are also not risk free despite low investment. It is quite common to see two xerox/ stationery shops side by side, one always crowded and other languishing. Same is the case with small eateries. Business and earning potential is uneven and has some risk. Even sari and dress shops have to compete for business in a competitive environment, and many change hands or close down frequently.
A small to medium size business is an entirely different proposition; rules of the game, financing and realization are quite different; risks are also higher. A person known to me from a jewelry business family, set up an IT business banking on his qualifications, did not do well and reluctantly returned to his family business.

Some thirty five years ago, I knew a person in bangalore - he will Rs 100 to a vegetable vendor every day and will get back rs 105 in the evening, that is 5% interest per day. The vendor got money he needed without any collateral and perhaps doubled the money in a day. Satisfactory arrangement for both.

Rules are many, paths are many. As tks ji said - samanya dharma rules apply for any business.
there is a lot of wisdom in your post. pointing out that realisation from same business will be different for different people depending on location ,competition and capability to do the job. still there is a deep aversion to risk taking and playing it safe for TBs. and worry about dharma - their applicability to business ventures. people should let go of fear and not worry about not succeeding all the time. even in case of loss ,it is an experience worth undergoing
 
you know jaykay ji you are painting a pretty picture of MNC life. they slog 12 hrs a day ,even get called on saturdays and also work from home also on demand. those on marketing side live out of suitcases away from home and poor quality of life. flat and big car they have is got on borrowed money and hypothecated to banks. when 2008 crash happened many got pink slips and big cars and flats they sold on discount unable to service them . some became medical cases. marriages broke up. so money making is not easy anywhere. to make a comparison with business is like oranges and apple being compared. they are two totally different concepts calling for different skills and acumen.
Yes, you are so right.
A cage is a cage, even if it is golden. When you work for somebody you area slave. There is much more satisfaction in creating your own business and see it prosper.
Going back to the original post, it has been shown that premise is not accurate in todays world. There are TB's who are successful in business.
 
people should let go of fear and not worry about not succeeding all the time. even in case of loss ,it is an experience worth undergoing

I think you nailed it. Like Biswaji said the main reason for success is willingness to take risk.
 
I am not sure whether it is risk averseness or lack of background or lack of support system. But the fact is that not just TBs but South Indians as a whole do not have significant presence in business. We have very few entrepreneurs from the south - one TVS, one Shriram group and one (controversial) Shiv Nadar (if we could term him as South Indian).
 
I am not sure whether it is risk averseness or lack of background or lack of support system. But the fact is that not just TBs but South Indians as a whole do not have significant presence in business. We have very few entrepreneurs from the south - one TVS, one Shriram group and one (controversial) Shiv Nadar (if we could term him as South Indian).
What about Narayana Moorty, N. Srinivasan, TT Krishnamachari, A M M Murugappa Chettiar, A. C. Muthiah, Selvarathinam, Shanmuga Nadar. name a few of the successful Tamil business people.

Then Andhra business people:
Anji Reddy, Prathap C. Reddy, Magunta Sreenivasulu Reddy, and others.

I am sure we can come up with a list for business people from Kerala, and Karnataka.
 
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Media:

how much marketing gets converted into money is interesting!
 
back to the OP of this thread,

my personal gut feeling, is in the future, those of us, who chose to remain in tamil nadu, would have but no choice to work for themselves. in whatever format whether they be vathyars, accountants, cooks, wedding coordinators - all fields with good income these days, and with increased prosperity among all communities, most likely to grow.

these four above are probably where the caste might actually be to our benefit, though i would like to reiterate, my personal attitude on caste, and goal of casteless hindu society as our ultimate goal and strength. but seeing the trends and growing tamil nationalism, and radicalization of educated tamil youth into casteist blocs, i feel, that more stringent job laws both in public and private sectors appear inevitable, to do business in tamil nadu.

it would be good to remember, that large companies, have only loyalty to themselves and their shareholders, and if the benefit of profitable money ventures in tamil nadu means hiring selectively, i think, they will do so. actually if you examine the senior management of the newly minted industries in auto cellphone and even i.t., there are predominance of upper caste NBs, who have more to fear of quotas, because they are larger in numbers than us.

we can learn a lot from others and come to a mindset that - ie business is NOT inborn, but a mindset to succeed. my dad, orphaned at 3, and coming to fend for himself in madras early 1940s, worked for 4 years at the diocesan press, and was so disgusted with hearing harsh commands from bosses, he vowed NEVER to work under someone.

true, he struggled for the first few years, but made a good life for himself and his family ultimately. my chithappa too prospered as an accountant, after parting ways in a large company where he was employed.

sooooooooooooo, the moral of the story is, thank you for opening the post. and let us all encourage our children, to maybe work for a couple of years, and then venture out on their own. atleast that way, they will not come under the purview of any quota, and also maybe help out some in their own community, though this has to be done selectively and carefully. i have lost count of folks, who claim they have helped fellow tambrams, and only regretted it later, for very many reasons. :)

the last thing we want to hear, is wailings, that due to quotas, someone's career is grounded. there are literally millions of opportunities out there. and get out of tamil nadu if you should get them.
 
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hi K sir,

really nice advice..i like it......

the last thing we want to hear, is wailings, that due to quotas, someone's career is grounded. there are literally millions of opportunities out there. and get out of tamil nadu if you should get them.


even i remember ...in 60s , 70's and even 80's.....many ppl moved out of palakkad agraharams....i remember after passing SSLC...

learning some typewriting and shorthand....next plan....going to OLAVAKODE JN railway station....getting a ticket ...catch the

jayanthi janata express to BOMBAY and landed in MATHUNGA/CHEMBUR ...staying with some THAYATI relatives....slowing

working as typist/ stenographer and getting married....stayed permanently with kids and kins....this is one story....

another story...not much educated...SSLC failed....go to OLAVAKODE JN railway station..cath MADRAS MAIL TO MADRAS....

landed some part of MADRAS....working in brahmanaal hotel and slowly settle down.....third story....little bit more educated..

with nice support with money....go to OLAVAKIDE JN railway station...catch jayanthi janata express to NEW DELHI....

with some family member support without knowing proper hindi....landed in KAROL BAGH...slowly writing some govt exam....

joining in some ministry as LDC clerk...work hard and reach upto the level UNDER SECRETARY....settled with punjabis and hindi

speaking kids and friends with some MADRASIS....thses mainly general stories of tambrams from palakkad....
 
back to the OP of this thread,

my personal gut feeling, is in the future, those of us, who chose to remain in tamil nadu, would have but no choice to work for themselves. in whatever format whether they be vathyars, accountants, cooks, wedding coordinators - all fields with good income these days, and with increased prosperity among all communities, most likely to grow.

these four above are probably where the caste might actually be to our benefit, though i would like to reiterate, my personal attitude on caste, and goal of casteless hindu society as our ultimate goal and strength. but seeing the trends and growing tamil nationalism, and radicalization of educated tamil youth into casteist blocs, i feel, that more stringent job laws both in public and private sectors appear inevitable, to do business in tamil nadu.

it would be good to remember, that large companies, have only loyalty to themselves and their shareholders, and if the benefit of profitable money ventures in tamil nadu means hiring selectively, i think, they will do so. actually if you examine the senior management of the newly minted industries in auto cellphone and even i.t., there are predominance of upper caste NBs, who have more to fear of quotas, because they are larger in numbers than us.

we can learn a lot from others and come to a mindset that - ie business is NOT inborn, but a mindset to succeed. my dad, orphaned at 3, and coming to fend for himself in madras early 1940s, worked for 4 years at the diocesan press, and was so disgusted with hearing harsh commands from bosses, he vowed NEVER to work under someone.

true, he struggled for the first few years, but made a good life for himself and his family ultimately. my chithappa too prospered as an accountant, after parting ways in a large company where he was employed.

sooooooooooooo, the moral of the story is, thank you for opening the post. and let us all encourage our children, to maybe work for a couple of years, and then venture out on their own. atleast that way, they will not come under the purview of any quota, and also maybe help out some in their own community, though this has to be done selectively and carefully. i have lost count of folks, who claim they have helped fellow tambrams, and only regretted it later, for very many reasons. :)

the last thing we want to hear, is wailings, that due to quotas, someone's career is grounded. there are literally millions of opportunities out there. and get out of tamil nadu if you should get them.
Sri K.ji
talking of wedding coordinaters ,when I wanted one for a marriage in south, I could locate a north indian brought up in south knowing little tamil enterprising enough to take up the task. very competitive too. it is a matter of time we will have north indian vadhyars. I engaged one for a funeral in delhi fed up with vadhyars of south. baniyas any day would be better accountants. cook may be difficult . but many north dhabas use local talent for dosa ,idli,vada. may not be good for cooking for weddings . may be ok for reception with north indian cuisine. South TBs will have a lot of competition from north for these professions. most waiters,security and construction workers in chennai and bangalore are from north. so you start wondering what do southies do for a living. probably live of freebies given by govt. Tbs becoming businessmen and end of casteism in tamil nadu is a pipedream nursed by arm chair brahmin intellectuals as tamil nadu chugs on with caste,sub caste and further subdivisions and a lethargic and unenterprising work force. Tbs can stick to knowledge profession and take up jobs to make mncs and others rich and keep wailing they do not get secure govt jobs. sorry for my cynicism. I do not want to live in a dream world created by K saheb
 
hi K sir,

really nice advice..i like it......

the last thing we want to hear, is wailings, that due to quotas, someone's career is grounded. there are literally millions of opportunities out there. and get out of tamil nadu if you should get them.


even i remember ...in 60s , 70's and even 80's.....many ppl moved out of palakkad agraharams....i remember after passing SSLC...

learning some typewriting and shorthand....next plan....going to OLAVAKODE JN railway station....getting a ticket ...catch the

jayanthi janata express to BOMBAY and landed in MATHUNGA/CHEMBUR ...staying with some THAYATI relatives....slowing

working as typist/ stenographer and getting married....stayed permanently with kids and kins....this is one story....

another story...not much educated...SSLC failed....go to OLAVAKODE JN railway station..cath MADRAS MAIL TO MADRAS....

landed some part of MADRAS....working in brahmanaal hotel and slowly settle down.....third story....little bit more educated..

with nice support with money....go to OLAVAKIDE JN railway station...catch jayanthi janata express to NEW DELHI....

with some family member support without knowing proper hindi....landed in KAROL BAGH...slowly writing some govt exam....

joining in some ministry as LDC clerk...work hard and reach upto the level UNDER SECRETARY....settled with punjabis and hindi

speaking kids and friends with some MADRASIS....thses mainly general stories of tambrams from palakkad....
TBS ji
Palakkad brahmins are a different breed . they are are more keralites than tamil and hence have enterprise to go to metropolitan towns in other states to make a living.tambrahm in tamilnadu would prefer to be beggars in tamilnadu living of freebies given by govt. they are beyond redemption
 
What about Narayana Moorty, N. Srinivasan, TT Krishnamachari, A M M Murugappa Chettiar, A. C. Muthiah, Selvarathinam, Shanmuga Nadar. name a few of the successful Tamil business people.

Then Andhra business people:
Anji Reddy, Prathap C. Reddy, Magunta Sreenivasulu Reddy, and others.

I am sure we can come up with a list for business people from Kerala, and Karnataka.
the numbers are so small you can count them . tbs becoming businessmen-kurudan rajamuzhi muzhikka sollvathu pol than. LOL translation it is like telling the blind to give kingly looks of a maharaja
 
the last thing we want to hear, is wailings, that due to quotas, someone's career is grounded. there are literally millions of opportunities out there. and get out of tamil nadu if you should get them.

My personal feel is that the opportunities in Tamil Nadu have multiplied...The way youngsters are moving from one job to another every 6 months to one year..These are all the knowledge companies where getting anything between Rs 15 K to 30 K per month is not a big deal at all...There is no more association with any particular brand or company, whoever pays the highest I will go, that is the attitude..With each shift salary also goes by 15-20% and if you are lucky even 30%

Besides there are part time opportunities in evening colleges...One has to try and work hard...The earning potential multiplies if you have the tech skill-computers, programming, trouble shooting, engg skills etc...On an average a guy with about 10 years of experience can easily earn Rs 1-1.5 lacs a month

If you depend on Government for dole, you will become lazy, lethargic and lobotomized

You take charge of your life, take responsibility in your hands and work hard..You will definitely taste success!
 
TBS ji
Palakkad brahmins are a different breed . they are are more keralites than tamil and hence have enterprise to go to metropolitan towns in other states to make a living.tambrahm in tamilnadu would prefer to be beggars in tamilnadu living of freebies given by govt. they are beyond redemption

i think both pattars and tambrams, both are mobile enough. i tend to disagree that tambrams happy with govt jobs. they dont get any these days. i have also come to believe, whatever seats in medical or engg colleges, open for tambrams, will be gobbled up by the rich tambrams.

the sad fact, is in my days, 1970s, atleast middle class tambrams used to get a good number of iit seats. not any more. iit madras is simply dominated by andhra students. i guess our boys/girls are happy enough to pay 50,000 or else there are simply not that number of tambram boys. or? i dont know.

personally, the more i see of tamil nadu, i think, it is best for the future tambram/pattars to emigrate out of india. the winds are blowing against them in many directions. emigration is better than being swallowed up by hindutva north, i think.

also today's pattars, atleast what is left of my extended family in palghat appear to gravitate towards cochin/trivandrum/banglaore. not towards madras like those of the earlier generations. culturally, they are becoming more malayalis than tamils. i think.

and then i read this in today's hindu. maybe my focus has been wrong all along. maybe just do good to the society, dont expect anything back, and fulfil your karma? :)
 
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withyour wisdom generate ideas for senior TB citizen who have no physical strengthand only some brains and a lot of experience good and bad to generate wealth. achallenging task for you. IMO it is not difficult for some to become millionairesstarting now . what do you think?

Krish44 – Infact senior TBs may do well in Business J with their experience, patience & be able to see through the good & bad without getting frustrated. Infact my suggestion is to start business after one has retired in life J with VC money. Then there is NO risk involved & one can play for big stakes !!

Also, before one starts a Business, one has to do an exhaustive statistical modeling /thorough analysis & then work through it. For eg, I have seen so many people starting restaurant business after leaving corporate tech jobs – I cannot understand the fascination for this J Most fail, some work well for a year or two since it is the new hotspot in town, then the crowd loses interest, dwindles down & the business is closed.

for TBs, the best bet is to focus on starting technology/Internet business, play in a niche area by leverage our brains, then they have a good chance to succeed. These tech businesses can also playoff in millions unlike traditional small & medium ones.
 
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Krish44 - Also one has to do business in what they did in their careers unless they have a burning desire to succeed in some other field. for eg, Narayana Murthy succeed because he basically continued what he did in his patni Job & hired many of his colleagues into his business. sometimes you can easily predict which businesses will succeed (not always of course), because they have a intelligent team, decent idea if not brilliant, right business strategy etc..
 
personally, the more i see of tamil nadu, i think, it is best for the futuretambram/pattars to emigrate out of india. the winds are blowing against them inmany directions. emigration is better than being swallowed up by hindutvanorth, i think.

also today's pattars, atleast what is left of my extended family in palghatappear to gravitate towards cochin/trivandrum/banglaore. not towards madraslike those of the earlier generations. culturally, they are becoming moremalayalis than tamils. i think.

Dear Kunjuppu –I dont think you are seeing the ground realities. Chennai, Bangalore,Hyderabad, Mysore & most small cities in south have become magnets of business/growth. The migration of North Inidans to these places are unprecedented due to the opportunities.

Many of the North Indians I happened to meet are very keen to marry south indians because they are docile/soft natured unlike the aggressive north. TBs as always are the preferred community they all want to marry due to culture & traditions.

Infact Chennai is the most preferred now since it is still very traditional compared to Bangalore & Hyderabad !! People want their kids to growup in a traditional place & keep their innocence unlike in other places where they lose any & all innocence by the age of 14 yrs.

Seeing this unprecedented inflow of North, many south indians are now migrating back to Chennai from Bombay, Delhi, other states & from USA/Europe to preserve their culture & traditions.

Cheers,
 


Dear Kunjuppu –I dont think you are seeing the ground realities. Chennai, Bangalore,Hyderabad, Mysore & most small cities in south have become magnets of business/growth. The migration of North Inidans to these places are unprecedented due to the opportunities.

Many of the North Indians I happened to meet are very keen to marry south indians because they are docile/soft natured unlike the aggressive north. TBs as always are the preferred community they all want to marry due to culture & traditions.

Infact Chennai is the most preferred now since it is still very traditional compared to Bangalore & Hyderabad !! People want their kids to growup in a traditional place & keep their innocence unlike in other places where they lose any & all innocence by the age of 14 yrs.

Seeing this unprecedented inflow of North, many south indians are now migrating back to Chennai from Bombay, Delhi, other states & from USA/Europe to preserve their culture & traditions.

Cheers,

Dear Jaykay,

i dont much about intra india migration. all i hear is our tambram girls wanting to stick around chennai with their parents. or at the most bangalore or hyderabad.

re migration back from the usa, i think it is overstated. those that come back, return with their u.s. passports, their children study in the usa and setlle down there. these come back mainly to take care of old parents, to retire, or simply because they have lost their usa jobs and succeed in finding something to do in india. i know of all 3 cases.

the last of my under 30 relative, a neice, just emigrated to australia last month. and none of the youngsters abroad plan to come back. atleast in my family. that is for sure. though one neice in england, talks fondly of mumbai. and she is only half pattar. the other half is guj, and her hubby is kannadiga/marathi. so i guess mumbai is fit for her :).
 
Dear Kunjuppu - Maybe in your family most are abroad & happy to stay there. But if you look at the larger TB community & south Indians at large, many have started coming back to settle in south cities - Chennai, Bangalore, Hyderabad etc.. I know some of these families, they are happy to settle down though they crib on the traffic, amenities etc... Also the desire to go abroad is coming down since the opportunities are available at home for most south Indians. even a simple BE/BA or diploma can fetch IT jobs !! Agree, it is still a trickle compared to the people settled abroad, but this has definitely started picking momentum. Cheers,
 
Krish44 – Infact senior TBs may do well in Business J with their experience, patience & be able to see through the good & bad without getting frustrated. Infact my suggestion is to start business after one has retired in life J with VC money. Then there is NO risk involved & one can play for big stakes !!

Also, before one starts a Business, one has to do an exhaustive statistical modeling /thorough analysis & then work through it. For eg, I have seen so many people starting restaurant business after leaving corporate tech jobs – I cannot understand the fascination for this J Most fail, some work well for a year or two since it is the new hotspot in town, then the crowd loses interest, dwindles down & the business is closed.

for TBs, the best bet is to focus on starting technology/Internet business, play in a niche area by leverage our brains, then they have a good chance to succeed. These tech businesses can also playoff in millions unlike traditional small & medium ones.
I could not understand your abbreviation J. what does it stand for.you suggest internet/technology and restaurant business as per my understanding of your post.the objective is money multiplication with raised capital with internet as enabler. I have two options Realty and stock market on borrowed capital . what say you Dum hai?
 
Dear Kunjuppu - Maybe in your family most are abroad & happy to stay there. But if you look at the larger TB community & south Indians at large, many have started coming back to settle in south cities - Chennai, Bangalore, Hyderabad etc.. I know some of these families, they are happy to settle down though they crib on the traffic, amenities etc... Also the desire to go abroad is coming down since the opportunities are available at home for most south Indians. even a simple BE/BA or diploma can fetch IT jobs !! Agree, it is still a trickle compared to the people settled abroad, but this has definitely started picking momentum. Cheers,
I would like to believe what you say . the nos taking US citizenship is 65000/yr. there may be a minor backflow
 
Dear Jaykay,

i dont much about intra india migration. all i hear is our tambram girls wanting to stick around chennai with their parents. or at the most bangalore or hyderabad.

re migration back from the usa, i think it is overstated. those that come back, return with their u.s. passports, their children study in the usa and setlle down there. these come back mainly to take care of old parents, to retire, or simply because they have lost their usa jobs and succeed in finding something to do in india. i know of all 3 cases.

the last of my under 30 relative, a neice, just emigrated to australia last month. and none of the youngsters abroad plan to come back. atleast in my family. that is for sure. though one neice in england, talks fondly of mumbai. and she is only half pattar. the other half is guj, and her hubby is kannadiga/marathi. so i guess mumbai is fit for her :).
You are closer to the mark. TB girls prefer only chennai,bangalore or hyderabad. A few enterprising end up in US of A.
reverse flow is overstated.. those who have gone to US or canada might opt for australia or singapore ,not india. in fact due to security situation specially in nohrth many would opt to send their children abroad for studies and work later on
 
Dear Kunjuppu - Maybe in your family most are abroad & happy to stay there. But if you look at the larger TB community & south Indians at large, many have started coming back to settle in south cities - Chennai, Bangalore, Hyderabad etc.. I know some of these families, they are happy to settle down though they crib on the traffic, amenities etc... Also the desire to go abroad is coming down since the opportunities are available at home for most south Indians. even a simple BE/BA or diploma can fetch IT jobs !! Agree, it is still a trickle compared to the people settled abroad, but this has definitely started picking momentum. Cheers,
jk you have an imaginative mind. backflow is a trickle. there is a website R2I for indians returning from abroad . see it when you have time. you will see what our brethren in US are upto.
 
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