Capt. Shaji Kumar

Tag: #CJOS

  • SUCCESS AS AN ENTREPRENEUR – III

    The grass on the other side is always greener. Is it genuinely green or is it actually an illusion. I ventured out long time back, and can’t really say that it has turned green, even though like the salt and pepper hair that I have now, it does seem to be interspersed with some green. And mind you I have spent some 21 years tending to it. A lot of ex-employees who were at one point associated with me did jump into the sea of entrepreneurship. I am not aware of how they fared in their endeavor and whether for them it turned greener almost instantaneously. One thing is however very certain, those who feel that entrepreneurship is indeed a get-rich-quick scheme are headed for a disaster. I meet so many people who rattle out the road map, get funded, create valuation and bring out an IPO / get acquired and then walk away with tons and tons of money. A select few hit par dirt and which triggered this berserk stampede. That is why today we find that 90% of startups are failing. 

    Anyone who aspires to be an entrepreneur should have a innate desire to achieve success. And it has a long gestation time and the budding entrepreneur has to be prepared for the long waiting period during which the test would be severe and relentless. How does an Olympian win the Medal that he/she aspires for. There is no short cuts here.

    You need to have a vision, ascertain the “WHY” factor and start small. Let the light far off be burning even though dim from afar. If Birbal could find warmth from the candle burning miles away then surely you can keep the desire burning till you reach your goal. Mistakes, aplenty are inevitable. But with each mistake the resolve should keep getting stronger. Never give up in the face of adversity. The situation will change eventually. The fire in the belly should remain burning. Perseverance and willingness to work hard. If you choose to be an entrepreneur then you have to choose to sacrifice a lot of other things. 

    Your enterprise is your baby. Be proud of it. Never be dazzled with what is around you. A very senior person remarked to me recently about the location of my Office. It is my Office and I am proud of it. I am the “employer”, and if employees do not want to compromise and have their own locational preferences then it is their own restricted mindset and I cannot help it. Whoever heard of a well walking up to a thirsty person!! But then you can provide Value addition. 

    I have built a goodwill by practicing integrity and taking very good care of my Customers. And this has definitely resulted in a very positive retention of Customers with solid goodwill. The Customers should not stop believing in your Venture. Never take them for granted. You exist only because of them and it can never be the other way round. If our reputation and integrity exceeds expectation then Customers will be willing to be associated with you regardless of the cost. It will not matter if you are more expensive. 

    When you embarked on your entrepreneurial journey, was it a “risk” or a “gamble”. Just like success is never guaranteed, failure does not mean the end. Nothing is final. At one point, I went on to scale heights and in the very next year my business had plummeted. The slide could be stopped only recently and have again regained the upward momentum. Entrepreneurship has its flips and flops. Never be discouraged. If you do not give up, there is nothing that can stop you from succeeding…a true life story.      

  • The World at War?

    This Covid-19 pandemic has gripped the entire World in a vicious vice, well almost the entire World but for one – where it all began. It has now been proven beyond  doubt, that if the alert had been sounded and strict measures enforced just a mere two weeks before it was eventually acted upon, we would all still be going about our lives as “old normal” instead of trying to adapt to a “new normal”. How the severity of the spread has been targeted or diverted more towards the developed part of the World, where despite the most advanced health care system, these Countries have grappled helplessly as the pandemic spread throughout, leaving in its wake an unpreceded toll.  All these years, ever since the last World War, nations have been foolishly spending enormous amounts of money, in stockpiling weapons & weapon systems including the lethal nuclear arsenals. We always tried to visualise a World, as how it would be, the day after a nuclear holocaust. Never, has anyone in their wildest dream imagined a parasitic holocaust. Biological warfare – yes, but it was always deemed to be restricted to a vicinity of geographical area and much less potent than a nuclear holocaust.  Who would have thought that devious minds enshrined in God knows what agenda, would work silently to create a situation where the entire World is brought down without lifting a single finger or ordering the troops out of their barracks. Introducing – “The Parasite” that would rule the World.

    This World is at War!! People are inside the cover of their homes, not because of an imminent bomb raid, but to protect themselves against a far more viciously lethal enemy – an enemy which can’t be seen with naked eyes. Like a seasoned predator this particular enemy can wait patiently, lurking on some surface always ready to invade the body of an unsuspecting victim, the moment he lets his “mask” down. As leaders across the Universe are trying to take a sneak peek and test waters by announcing cautious lifting of Lockdowns, the coming few weeks and months will be the deciding factor on which way this situation is going to swing. While all this has been going on, there is but one Country which is preparing, to go shopping. Pick up the spoils of the war from the devastated battlefield, just like the old times where the victorious troops would be allowed to scavenge off the corpses, whatever precious things could be scavenged. Like a soap opera, the plots and sub-plots keep changing. The days, weeks, months ahead would be very interesting to see how this drama unfolds.

    The truth is that human behaviour all over the World has made pandemics like this inevitable. We have shrunk the natural habitats, thereby giving more opportunities for viruses to combine and create lethal iterations. Then with the current socio-environmental set up in our cities, we give them more opportunities to spread, making the demarcation line very thin. Then we have provided ample opportunities. Just remember that, there’s always something to panic about, worry about or generally be in fear of. There always has been and there always will be. What’s upsetting or disturbing us now is, no more, or less serious than anything we have ever faced in the past. Over-react to it and it will get worse. Deal with it calmly and confidently and it will go away again – as ever. It is said that Good always prevails over the evil. This is what we have always been led to believe. We need to get faster at containment. We need to catch the virus at source. We know what it takes and fighting every pandemic since life on earth began – and no virus has ever beaten us yet. Historically whenever a pandemic virus has invaded causing destruction, all of human ingenuity has been brought to bear together to bring them down. It is only a matter of time…

  • MSME’s : Wither to?

    India houses more than 63 million MSME’s contributing 29 percent of the GDP, 45 percent of Industrial Production, providing employment to millions of Indians. However, it has always been beset by inherent issues which unfortunately has largely remained unattended to. Despite a dedicated Ministry setup by the Government there still remains a huge gap between the cup and the lip. The most unique challenge that MSME’s endure is access to low cost capital. This despite having dedicated channels like SIDBI in existence. Authenticated reports estimates that the credit gap for MSME’s stand at approximately INR 15 lakh crore. And with the advent of technological advances, initiatives like GST and the formalization of the economy, the back of this sector is already at a capacity stretch. Only 20 percent of the MSME’s are being financed by the formal banking system, that leaves the rest 80 percent to scrounge for “finances” from the informal sector at atrocious rates of interest. This lack of adequate access to timely and affordable credit continues to remain one of the sector’s biggest challenges, restricting its growth and future potential. There has been some initiatives led by the Government like the 59-minute loan, co-organisation between banks and NBFC’s for affordable credit, however despite these initiatives being laudable at a macro level, it still leave a huge gap at the micro level, as it does not translate into anything.

     

    The dream of growth and pushing the GDP to get to 5 trillion, with a budding young India and initiatives like start-up India, pushing the young Indians to explore avenues of entrepreneurship & self-employment, the Government needs to step up its act and ensure that the hand holding translates to grass root level. The hand holding has to be more visible. There is no other way around the crisis of employment, and it is only logical to push entrepreneurship and self-employment. The large businesses may only contribute just as much to this 5 trillion target, than the 30 percent sector which can be pushed to clamour and contribute as much as possible – and it can. This is the only way that a young vibrant India having 70 percent of able bodied under thirty raring to go population can take us to the finish line.