Double Happiness
I found the DE subject rather controversial because I believe no one can be taught to be entrepreneur, you are either born by it or not. I have heard from a lot of people that entrepreneurship as a quality can be learnt but somehow I don’t believe it. What can be taught is what entrepreneurs do but you can’t teach someone how to be one. It should come from within.
The exercise we were given, Double Happiness, I think was a good idea, but the only flaw I see in it that it forced student to be enterprising. But I guess if this was not done, there would be really less taker for this exercise. I always knew that there is a prejudice against entrepreneur students in MBA colleges. But I like those colleges where case method is taught, I believe it helps students get a feel of what is meant by entrepreneurship because in there you had to think and be innovative in your responses and remember that no two cases are same and no two cases can be solved in same way.
When this exercise was announced in the class I knew that this is a good opportunity to show off my natural talent, entrepreneurship to the class. I took it on myself that I will not leave any opportunity which comes my way and on the very next day I was contacted by one of my old partners in India, who is a travel agent, that one of his guests is coming to Manila for a business conference and he wanted me to book a room for his guest. The guest being a well to do gentleman wanted to stay at Shangri-La hotel at executive club floor. The normal charges for that room is Php 12,300/- plus taxes. I knew that if I go and speak to them, I can get it at a good discount so I went to the hotel and spoke with the manager. I negotiated with him and finally booked the room at Php 8060/- plus taxes. But the guest really didn’t care and since he was ready to spend Php 12,300/-, I didn’t inform him of the discount I got. I kept this money for myself and my partner.
Total net profit in this deal was Php 13,000/- out of which I got Php 9,000/- and rest was my partner’s share.
So all I can say is, Php 9,000/- for 1 hour of negotiation, my MBA has started to pay off. :-)
Vj.
Think magnets, think Sarda.
www.sardamagnets.com
Friday, December 12, 2008
Saturday, November 1, 2008
Things I Love To Do...
During Baguio trip, when I redid the following chart.... this is what I came up with.
| IN 2015 | For Me | For Others |
| By Me | - Write and try to publish a novel (php 70,000) - Teach (part time) (php 50,000 pa) | - spend at least 1 hours (free time) with my family - Help run a old age house (php 50,000 pa) - take my family a trip covering all 7 wonders of world. (php 150,000) |
| Through Others | - help me design my house (php 150,000) - | - Open a cow/buffalo shelter (Php 50,000 pa) - Help in running a school for physically challenged. (php 50,000 pa) |
Vj.
www.sardamagnets.com
Think Magnets, Think Sarda.
Tuesday, October 21, 2008
Rating....
| | Self | Frd 1 | Reason for Difference | Frd 2 | Reason for Difference |
| Vision | 4 | 4 | | 4 | |
| Energy | 5 | 5 | | 5 | |
| Self Esteem & Confidence | 4 | 4 | | 4 | |
| Adaptability | 3 | 3 | | 2 | He needs to be more adaptable |
| Competitiveness | 4 | 4 | | 4 | |
| Drive & Perseverance | 3 | 2 | He lacks it. | 3 | |
| Honesty | 4 | 4 | | 4 | |
| Organisation & Discipline | 4 | 4 | | 4 | |
| Persuasiveness | 2 | 1 | This is his weakest point | 3 | He is better than he think he is. |
Vijay Sarda.
www.sardamagnets.com
Think Magnet, Think Sarda.
Guiding Phrase
I can't think of 1 single quote which is my guiding quote, so I am writing here a few of them which really influenced me.
99% failure comes from people who has the habit of giving excuses.
A person who never made a mistake never tried anything new.
Albert Einstein
Any fool can make things bigger, more complex, and more violent. It takes a touch of genius - and a lot of courage - to move in the opposite direction.
Albert Einstein
Everything that can be counted does not necessarily count; everything that counts cannot necessarily be counted.
Albert Einstein
"A life without purpose is a languid, drifting thing; Every day we ought to review our purpose, saying to ourselves: This day let me make a sound beginning, for what we have hitherto done is naught."
~ Thomas Kempis
Things I Love To Do...
Here's a tentative list of things I will love to do, but don't get enough time to do...
| For Others | Write Poems | animal care |
| write articles | old age home | |
| | | |
| | | |
| | | |
| For Myself | Design | |
| Play guitar | | |
| | | |
| | | |
| | | |
| | Through Myself | Through Others |
Vijay Sarda.
Think Magnet, Think Sarda.
What will I do if I were an Entrepreneur?
As one of my entrepreneur ventures, I want to set up a consultancy firm. My main focus will be environmental consultancy such as carbon trading, green purchasing and other operations consultancies increasing the efficiencies of plants and processes to mak them eco-friendly. Since Kyoto Protocol, a number of consultants started catering to this field of consultancy but the market is still big. USA has not signed and from the signs it does not seem they will either. USA market for purchasing Carbon Credit is assumed to be bigger than European market. At present, most of the companies are actively participating in such efforts and are investing heavily on similar measures.
India and China are currently the biggest seller of carbon trading although as per industry experts, they have not even utilised 5% of their capacity. Thus setting up a environmental consultancy in India will be a profitable business.
Vijay Sarda.
www.sardamagnets.com
Think Magnets, Think Sarda.
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