Thank you, prasad1 ji. Now, shoot...... (Or else, should I take it up on PM?)
-
This forum contains old posts that have been closed. New threads and replies may not be made here. Please navigate to the relevant forum to create a new thread or post a reply.
-
Welcome to Tamil Brahmins forums.
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our Free Brahmin Community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
If you have any problems with the registration process or your account login, please contact contact us.
Why business does not come to us naturally
- Thread starter vgane
- Start date
- Status
Thank you, prasad1 ji. Now, shoot...... (Or else, should I take it up on PM?)
i lost a lot of money investing in mutual funds.
whether the fund makes money or not, they take right off the top, management fees. the mer (management expense ratio) for some is 5% ie they take 5% of the value of the investment for management fees. most of these are around 2 to 3%.
what i found most profitable, after years, is investing in etf ie exchange traded funds. these are for investors who know nothing of investing , trust the stock market will eventually make a profit.
to give you an example, ishares tsx60, is an indexed fund, which tracks the movement of the top 60 stocks of toronto stock exchange. the fund automatically divides the money according to the strength of the toronto top 60 stocks, ie if ibm is weighted 5%, 5% of the investment is invested in ibm.
so this is a no brainer, and the mer is 0.17% or close to it. which means you trust the stock market to move up eventually. toronto average is about 10% a year, over the years. but throughout 1990and 2000s tokyo exchange did not move up at all.
it is a good idea to start a new thread, and move the last few posts there
whether the fund makes money or not, they take right off the top, management fees. the mer (management expense ratio) for some is 5% ie they take 5% of the value of the investment for management fees. most of these are around 2 to 3%.
what i found most profitable, after years, is investing in etf ie exchange traded funds. these are for investors who know nothing of investing , trust the stock market will eventually make a profit.
to give you an example, ishares tsx60, is an indexed fund, which tracks the movement of the top 60 stocks of toronto stock exchange. the fund automatically divides the money according to the strength of the toronto top 60 stocks, ie if ibm is weighted 5%, 5% of the investment is invested in ibm.
so this is a no brainer, and the mer is 0.17% or close to it. which means you trust the stock market to move up eventually. toronto average is about 10% a year, over the years. but throughout 1990and 2000s tokyo exchange did not move up at all.
it is a good idea to start a new thread, and move the last few posts there
sangom
0
Business instinct is a community phenomenon, and not simply a personal knack alone. The tabra community (or, caste, if that is the correct word) is not "business-friendly" in its overall attitude. Therefore, even individuals with good business acumen fail to realize their full potential.
From my limited experience, I cite the following few instances which I have come across during my lifetime.
1. A family in business - and not only the particular person who lends his her name to the business, has to be completely business-friendly and knowing the business, at least to some extent.
There were two houses in the same street, both doing coffee powder business. In one house (a NB) a customer could ring the bell at any time - including unearthly hours like between 12 midnight and 4.00 AM and ask for coffee powder for 50 paise, 1 rupee, etc., as also for "karuppetti coffee" for small amounts. Very poor people from even some kms away, used to ring the door bell at unearthly hours and some member or the other - including the youngest girl child of ten years used to deliver the packet and take the money through a small window just enough to pass the hand. They had roaring business.
The second was a tabra house and its working hours were rather strict. If someone were to go there for coffee powder after the stated business timings, usually one of the sons/daughters - who were all college going - would come after much delay and say "the shop has been closed for today." with such an unfriendly face that nobody would go there again for a purchase. The truth was that while the fiftyish father was a good man and customer-friendly, his children considered the coffee-powder business as infra-dig and were reluctant to even give a polite refusal!
2. One businessman - a marwadi by caste - was doing roaring international business in chemicals and living in a rented flat of `
25,000/= rupees p.m. or so. When I enquired why he was not thinking of buying a flat, he replied that business of any kind was always risky, that anyday his business could collapse depending on international factors and so he would not like to park his money on items like house. If his present business collapsed completely he and his family were always ready to bundle their belongings and go back to his village where water and fuel logs had to be brought by walking miles in the hot Rajasthani sun. But they were accustomed to and ready to regress into such lifestyle. Such adjustability is completely absent in tabras.
3. One very prominent exporter was giving his daughter to a young man who had been declared bankrupt. This surprised me and when I asked him why he was selecting such a person as the would-be son-in-law, his answer was that in his community a bankruptcy meant that at least half a crore of rupees was amassed somewhere and since this particular young man has become pauper four times, he felt that there must be good asset holding for that boy.
On further enquiry with some others it became clear that the whole community comes to the help of a person to declare himself bankrupt by scaling down their loans and accepting compromises with the JD. This is repaid, almost always, by a quid pro quo and insolvency declaration is not at all considered a disqualification among their community.
4. Community and elders are respected and listened to even by foreign-educated youth so that the business ideas and acumen, the wide experience and personal contacts of the elder businessmen is always available to the youngsters. Such a knowledge base is absent among the elderly tabras and our youngsters won't generally respect even their own parents' advice.
One fellow from business family was about to purchase a plot for Rs.2.5 crores and was planning to build a big bungalow for himself and his family. His elderly father advised him not to squander money simply because he could afford and told him to build four large flats and a bungalow of his liking on the top-most floor. The four flats have been sold @ Rs.1.5 crores each so that the owner made Rs.3.5 crores and built his large house without spending a paisa from his pocket! That was the old man's superb idea!!
So, our tabra community has to consciously nurture our youngsters towards business and has to give enough co-operation at the caste level for some generations to follow. Then tabras will also excel, naturally, in businesses of all kinds. (One poorer tabra household which started grinding the batter for Dosa/idli had to stop it because most of my colony tabras purchased on credit but defaulted merrily! So much for brahmin sattvik cheating!!)
From my limited experience, I cite the following few instances which I have come across during my lifetime.
1. A family in business - and not only the particular person who lends his her name to the business, has to be completely business-friendly and knowing the business, at least to some extent.
There were two houses in the same street, both doing coffee powder business. In one house (a NB) a customer could ring the bell at any time - including unearthly hours like between 12 midnight and 4.00 AM and ask for coffee powder for 50 paise, 1 rupee, etc., as also for "karuppetti coffee" for small amounts. Very poor people from even some kms away, used to ring the door bell at unearthly hours and some member or the other - including the youngest girl child of ten years used to deliver the packet and take the money through a small window just enough to pass the hand. They had roaring business.
The second was a tabra house and its working hours were rather strict. If someone were to go there for coffee powder after the stated business timings, usually one of the sons/daughters - who were all college going - would come after much delay and say "the shop has been closed for today." with such an unfriendly face that nobody would go there again for a purchase. The truth was that while the fiftyish father was a good man and customer-friendly, his children considered the coffee-powder business as infra-dig and were reluctant to even give a polite refusal!
2. One businessman - a marwadi by caste - was doing roaring international business in chemicals and living in a rented flat of `
25,000/= rupees p.m. or so. When I enquired why he was not thinking of buying a flat, he replied that business of any kind was always risky, that anyday his business could collapse depending on international factors and so he would not like to park his money on items like house. If his present business collapsed completely he and his family were always ready to bundle their belongings and go back to his village where water and fuel logs had to be brought by walking miles in the hot Rajasthani sun. But they were accustomed to and ready to regress into such lifestyle. Such adjustability is completely absent in tabras.
3. One very prominent exporter was giving his daughter to a young man who had been declared bankrupt. This surprised me and when I asked him why he was selecting such a person as the would-be son-in-law, his answer was that in his community a bankruptcy meant that at least half a crore of rupees was amassed somewhere and since this particular young man has become pauper four times, he felt that there must be good asset holding for that boy.
On further enquiry with some others it became clear that the whole community comes to the help of a person to declare himself bankrupt by scaling down their loans and accepting compromises with the JD. This is repaid, almost always, by a quid pro quo and insolvency declaration is not at all considered a disqualification among their community.
4. Community and elders are respected and listened to even by foreign-educated youth so that the business ideas and acumen, the wide experience and personal contacts of the elder businessmen is always available to the youngsters. Such a knowledge base is absent among the elderly tabras and our youngsters won't generally respect even their own parents' advice.
One fellow from business family was about to purchase a plot for Rs.2.5 crores and was planning to build a big bungalow for himself and his family. His elderly father advised him not to squander money simply because he could afford and told him to build four large flats and a bungalow of his liking on the top-most floor. The four flats have been sold @ Rs.1.5 crores each so that the owner made Rs.3.5 crores and built his large house without spending a paisa from his pocket! That was the old man's superb idea!!
So, our tabra community has to consciously nurture our youngsters towards business and has to give enough co-operation at the caste level for some generations to follow. Then tabras will also excel, naturally, in businesses of all kinds. (One poorer tabra household which started grinding the batter for Dosa/idli had to stop it because most of my colony tabras purchased on credit but defaulted merrily! So much for brahmin sattvik cheating!!)
prasad1
Active member
Knowledge and luck are needed for any venture.
When we used ti visit Chennai we used to be shocked by the customer service in Stores, taxi, and others. In the North you walk in to a store the store keeper will accord you respect. In sari shops they will show 100's of saries with a smile and CokaCola, and then you go to Nalli, they will ask you how much you want to spend, and then show you the saries you point out. Customer service is not a strong point of business in Chennai.
My sister-in-law is an important member and Knows people in Nalli, and Tanga Maligai, now we get royal treatment. I guess money talks.
Business is a gamble, so you need to protect your other assets. If you throw all your eggs in one basket you might be asking for trouble.
I can do legitimate business in USA and be successful, I can not say the same thing in India.
In India our children learn from the fears of their parents. The present day children are little bit more adventurous.
When we used ti visit Chennai we used to be shocked by the customer service in Stores, taxi, and others. In the North you walk in to a store the store keeper will accord you respect. In sari shops they will show 100's of saries with a smile and CokaCola, and then you go to Nalli, they will ask you how much you want to spend, and then show you the saries you point out. Customer service is not a strong point of business in Chennai.
My sister-in-law is an important member and Knows people in Nalli, and Tanga Maligai, now we get royal treatment. I guess money talks.
Business is a gamble, so you need to protect your other assets. If you throw all your eggs in one basket you might be asking for trouble.
I can do legitimate business in USA and be successful, I can not say the same thing in India.
In India our children learn from the fears of their parents. The present day children are little bit more adventurous.
Last edited:
tbs
0
hiadd to all this, our girls wont marry a 'businessman'
add to this ....marwadi/patel gals never marry a typist/ steno like *******... they prefer ONLY businessman...both husband/wife
and whole family risk takers....we want everything without RISK....
prasad1
Active member
In the words of Kabir Das:
Jin Khoja Teen Paiyya
Gehre Panni Bethe
Jo BOra Duban Dara Raha Kinare Bethe.
(Those who were to seek have plunged deep, If one fearful of drowning is sitting
beside river.)
Unless you take risk, you can not reap the reward.
Even in the job market there is risk and reward.
Guts and glory go together.
No guts no glory.
on a lighter vain watch this commercial for Ram Truck
[video=youtube;1ln3g-xqwF0]http://www.youtube.com/watch?feature=player_embedded&v=1ln3g-xqwF0[/video]
Jin Khoja Teen Paiyya
Gehre Panni Bethe
Jo BOra Duban Dara Raha Kinare Bethe.
(Those who were to seek have plunged deep, If one fearful of drowning is sitting
beside river.)
Unless you take risk, you can not reap the reward.
Even in the job market there is risk and reward.
Guts and glory go together.
No guts no glory.
on a lighter vain watch this commercial for Ram Truck
[video=youtube;1ln3g-xqwF0]http://www.youtube.com/watch?feature=player_embedded&v=1ln3g-xqwF0[/video]
Last edited:
most equity mutual finds are badly managed funds . the fund managers are rotten and they do not deserve any management fee .most have only lost money. debt funds are slightly better you do not lose your capital. indian equities are dependent on US and Europe . Bernanke talks of withdrawing stimulus, indian market crashes. the soverign debt defaults of countries like greece,portugal and the like,every day you have to see who defaults and count the value of yr holdings. there is only speculation without underlying strength. people are unable to decide if indias has a growth or consumption story. only consolation is agriculture has performed well with a bumper harvest and robust rural consumption. under the cicumstances , last year I parked my funds in gold and real estate instead of equities. atleast my spouse is happy with gold ornaments . I accept gold is a non liquid asset . at least I am spreading happiness instead of misery . I would not like to be in RBI governors shoes .I believe With election around the corner ,the economy is going to get worse . but a section believes black money coming out will spur consumption and growthi lost a lot of money investing in mutual funds.
whether the fund makes money or not, they take right off the top, management fees. the mer (management expense ratio) for some is 5% ie they take 5% of the value of the investment for management fees. most of these are around 2 to 3%.
what i found most profitable, after years, is investing in etf ie exchange traded funds. these are for investors who know nothing of investing , trust the stock market will eventually make a profit.
to give you an example, ishares tsx60, is an indexed fund, which tracks the movement of the top 60 stocks of toronto stock exchange. the fund automatically divides the money according to the strength of the toronto top 60 stocks, ie if ibm is weighted 5%, 5% of the investment is invested in ibm.
so this is a no brainer, and the mer is 0.17% or close to it. which means you trust the stock market to move up eventually. toronto average is about 10% a year, over the years. but throughout 1990and 2000s tokyo exchange did not move up at all.
it is a good idea to start a new thread, and move the last few posts there
Last edited:
in indian real estate and equities at present plunging is a fools game. but you never know a lucky few may come out on top. ladies can have plunging necklines ,investing man can run for cover and hand over their assets to their wives for safe keeping instead of plunging
I agree TBs lack initiative and also lack family support available in punjabi,guju.marwadi families
one south brahmin in batter business here sells it thru shop at a discount and overcharges those going to his home for it in case of non availability in shop. I am not able to know what business sense is this. my wife says ,he has a pretty wife . he is only discouraging people dropping in under the excuse of batter.LOL
one south brahmin in batter business here sells it thru shop at a discount and overcharges those going to his home for it in case of non availability in shop. I am not able to know what business sense is this. my wife says ,he has a pretty wife . he is only discouraging people dropping in under the excuse of batter.LOL
C
CHANDRU1849
Guest
Good analysis.
Co-operation within the community is an essential ingredient for success.
Nadar community is a perfect example. They are virtually challenging the Baniya community in terms of performance. Within 60 years, their rise is phenomenon. Parsi community is another example, apart from Marwaris and Jains.
Understanding and co-operation in Brahmin community are totally lacking and, therefore, success in business is only a pipe dream for Brahmin community, unless they change their attitude.
prasad1
Active member
I move in Gujarati Circle, and also do business.
It is myth to assume that community supports its members. Family supports, generally parents will support financially. Uncles, cousins, etc have to pay their dues. Successful in business is not because of charity.
Yes people in Gujarati community will bring their family members into business, but expect hard work, and sometimes outside of laws. Like long hours, sub minimum wages. They will finance their family members with loan, and other services for a fee, not as gift. Money makes money, no money no deal.
But gujarati's will work long hours to succeed in business.
I knew of a Gujarati shop keeper in London, who would sell you grocery even on Sunday (In UK Blue law you could not sell on Sundays), if you knocked on his door.
Like Sangomji says in his post
http://www.tamilbrahmins.com/genera...does-not-come-us-naturally-13.html#post230729
I would rather invest in a person who is diligent and committed to success, than someone just because they are from my community.
It is myth to assume that community supports its members. Family supports, generally parents will support financially. Uncles, cousins, etc have to pay their dues. Successful in business is not because of charity.
Yes people in Gujarati community will bring their family members into business, but expect hard work, and sometimes outside of laws. Like long hours, sub minimum wages. They will finance their family members with loan, and other services for a fee, not as gift. Money makes money, no money no deal.
But gujarati's will work long hours to succeed in business.
I knew of a Gujarati shop keeper in London, who would sell you grocery even on Sunday (In UK Blue law you could not sell on Sundays), if you knocked on his door.
Like Sangomji says in his post
http://www.tamilbrahmins.com/genera...does-not-come-us-naturally-13.html#post230729
I would rather invest in a person who is diligent and committed to success, than someone just because they are from my community.
Last edited:
sangom
0
Re. the highlighted portion above, I am mostly sure that even NaMo will not do anything to bring the black moneys back into the country's economy. This is buttressed by Subramaniam Samy's old lament that even the Bajpai government did absolutely nothing when it came to the black money in Swiss bank. NaMo, after all, is able to gloat about his wonderful Gujarat story but few people seem to realize that much of Gujarat's economy and NaMo's success story is dependent on Mukesh Ambani's munificence, the role of reliance industries of Jamnagar and not on anything else.
Even if BJP/NDA (and hence NaMo) come to power at the centre after the next elections, they will also be wooing aggressively the foreign capital which, as if by magic, will flow into India in the form of Participation Certificates or another avatar of the same, coming from FIIs using the now infamous Mauritius route - which means the black moneys of our own bigwigs in the Swiss banks and elsewhere! This was what has been the story right from the 1990's.
Electronics is another gold mine...Government has sanctioned 2 chip plants with investment of Rs 63000 crores...The imports which are USD 7 billion in 2013 are set to reach USD 300 billion by 2020..There are humongous opportunities in manufacturing electronic parts and saving valuable foreign exchange..Here too we can play an active role
2 chip plants worth Rs 63k cr okayed - The Times of India
2 chip plants worth Rs 63k cr okayed - The Times of India
today shankar sharma a stock specialist in cnbc program made a claim if reliance groups" jam nagar performance from 1996 to 2014 is not taken into account and taken out ,the economic performance of gujarat would be considered dismal as compared to other states . the other group part of gujarat story is Adani group.
when I was talking of black money, I was talking of money being distributed and spent by political parties during election and these leading the receipients of money to spend more to spur growth. we are encouraging consumption thru electoral process every five years
A good article about how the Marwari brethren manage their business through a pan india presence, networking community resources and connections and drawing on information /ground level knowledge that are not normally accessible to others
Read this:
The Marwari business model-I | Business Line
Read this:
The Marwari business model-I | Business Line
Accumulating capital is not bad at all...It is only going to help us in the long run..The following is part 2 story of the Marwari enterprise..It covers the rise of Ramkrishna Dalmia who led a diverse business conglomerate that manufactured sugar, cement, asbestos , paper etc..Dalmia's raw drive and adventurous spirit, the kinship and community ties and business operations grounded in the reality are the hallmarks of his business ...
Can we imbibe some positive aspects of their business?
The Marwari business model-II | Business Line
Can we imbibe some positive aspects of their business?
The Marwari business model-II | Business Line
There are similar community specific businesses from tamilnadu. Namakkal as lorry transport capital and kunnattur as bore well drivers - both have pan India recognition. The communities take care of financial needs and provide family security.
shankar sharma was addressing cnbc investor forum on prospects for emerging markets and india in the light of 2014 elections . he was pro UPA and mentioned gujarat in passing to make a point on gujarat s so called success story. did not compare with facts on other states
sangom
0
At present tabras seem to have a slight advantage in two lines of "business" if those may be called so — i) catering, and ii) manufacturing snacks items of different sorts, including sweetmeats. As a community, we may encourage such of our children who exhibit a knack for business (and are not quite successful in the usual IIT/NIT > IT sector (MNC) job or the MBA route) to take up either of the above business opportunities. The whole community will have to develop a sense of 'oneness' - at least partially - and encourage & patronize our own people's business.
Already there are some success stories in the catering field, and we have brand names like MTR, 777, Ganesh etc., which can be emulated by upcoming entrepreneurs.
Recently I met a Tabra couple at a function in Erode who are into manufacture of cows ghee[ pasu nei]. the lady was saying her brand - I do no recall it- was a household name in kerala. very enterprising
- Status
Share this page
Share this page
Latest ads
-
Free [Bride Wanted] Bride WantedLooking for Bride - Family Oriented and brought up from Cultured Family
- SRIKANT S -(Bride Wanted) (+0 /0 /-0)
- Updated:
- Expires
-
-
Free [Bride Wanted] TAMIL BRAHMIN VADAMA BRIDE WANTEDMust to be willing to relocate to Bengaluru Must be willing to accommodate joint family
- self today (+0 /0 /-0)
- Updated:
- Expires
-
Wanted [Cook Wanted] Wanted cook for Home at Gandhipuram Coimbatore. Decent Salary offeredHi, we need a female Brahmin cook for home ( 5 members family) at Coimbatore. Morning and...
- gchitra (+0 /0 /-0)
- Updated:
-
Wanted [Cook Wanted] Vegetarian tamil cookBangalore Bannerghatta Main road
- nschander (+0 /0 /-0)
- Updated:
- Expires