I am proud to be an Indian even though it is not fashionable to claim to be one in modern world and especially on a foreign shore. It is definitely not acceptable in the world of elites and tycoons of NRI fraternity. I still want to defy the world when it comes to the power of this soil, love of people, food from the Indian kitchen, depth of relationships, respect for our parents, love for spouses, respect for customs and last but not the least- our search for God in anything and everything.
I have a strong desire to explore every part of India and find out what makes us different from the rest of the world. Hence I consciously plan my trip to a new location every time I go to India ( I get those jinks in my feet to move and the travel bug bites me) I head straight to India! I have extensively travelled within Eastern states like Gujarat, Maharashra, Goa, Himachal Pradesh and part of Karnataka, Punjab, Chattisgarh, Uttar Pradesh, Madhya Pradesh and Rajasthan. It is not still not even 40% of India.
Let me share my experiences of the places I have visited and how each time, I was elevated by the mystic power of the people and places.
Being management graduate, I was always familiar with the theories of various aspects of management, but always wondered if they are actually making sense in our professional life or it is just one of the theories & curriculum developed by so-called management gurus to impart knowledge to the world and make money out of it.
Trust me; ever since I have started my business again, I realized that for being a successful entrepreneur our own traditional methods have a lot to teach. We don’t need to go to any management school to learn the basic principle of establishing any business, serving clients, creating wealth, developing goodwill and enjoying long-term fruits of business.
I have observed that the new management mantra for the control of the company is management team centric and we looked down upon family controlled businesses. It is perceived as if the family owned companies wouldn’t take care of the interest of the people. But in real world, most of the successful companies have been started and run by family lineage and managed also very well.
I just thought to pen down the differences between a hired CEO and the owner of the company.
He will always have pressure to make the company profitable, many times at the cost of people’s interest and at times company’s long term interest to prove his caliber
He will be more interested in fulfilling short-term goals compare to long-term interest of the company as this will prove his success but not necessarily company’s success
He lacks the long-term vision of the company and hence it is likely that he overlooks many points
He enjoys all the respects and positions of the owner of the company but still may lack the commitments and attachment to make the company successful at the cost of his life
He knows that even the company is not going through a good patch, he will get paid for that time hence the sense of responsibility towards the funds of money is less
He will not be reluctant in spend the funds of the money and will not control cost
He has the same amount of pressure to make company profitable like CEO but he will take an extra mile to make it happen as it is going to be his success fully
He has a long-term and a complete vision of the company hence he knows ways to take it forward
He fulfills short-term as well as long-term goals of the company without compromising with the quality and returns
His commitments and attachment towards company is much stronger than the CEO
He would forget his own share of the company if there is any problems with the company
The cost of the company will always be controlled by the owner
These are the basic things I have observed and I will continue writing more about what I find good in both the ways of managing business.
Women have since time immemorial been entrepreneurs in their own right. The dictionary meaning of the word entrepreneur is someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced. A bored housewife who sets up a small day care centre in her own home or a hard working housewife who decides to supplement the household income by preparing pickles and papads and selling them within her circle are both leveraging their talents and setting up an enterprise. While one decides to build an enterprise by offering her services as a baby sitter, the other builds a small enterprise around the specific products she is comfortable preparing and selling. This, dear listeners, is the seed of entrepreneurship that lies deep within every woman.
We have to now understand that world over the traditional set up is changing in the modern era. The social fabric of society is undergoing a transformation, in terms of increased educational status of women and varied aspirations for better living. Media is bringing in images from all over the world into people’s homes. This is necessitating a change in the life style of women both in urban as well as in rural areas.
Today’s woman is educated, well aware of the opportunities around her and bides her time to reinvent herself when the time is ripe. While some may do it to make both ends meet, there are others who want to make use of their skills and talents and also spend time usefully. Thus we have well to do wives of actors like Sharukh Khan and Akshay Kumar who are entrepreneurs in their own right working as interior designers and manufacturer of perfumed candles. The internet is full of inspiring tales of women, whether they are from small towns or large cities, women who have made a success of their passion.
The birth of the internet and online platform is a boon to women who need not travel from their homes or look out to rent space for their ventures. Cake bakers, card makers, clothes designers are all having it good now as they have tasted success. Marketing, in the days gone by, was the work of men as it involved mobility and confidence in dealing with an unfamiliar world. But the advent of social media like facebook and online marketing has greatly helped in letting the world know about your creation.
What do women need to make a success of their skills? First, identify the skills that you are confident or comfortable with. Speak to your loved ones about your plans. Taking immediate family members like husband, parents and children into confidence will help women to steer ahead boldly and creatively. You can even take some time to polish a skill to equip yourself better before plunging headlong into enterprise. Fear of failure is one single factor that prevents women from taking the plunge. It is better to have tried than not to have at all. Everything is a learning experience and has to be viewed in this context only. The learning will prove invaluable to avoid mistakes in future.
But what happens when women do not have the support of a solid family. Fear not, as we can always bank on likeminded friends to take an idea forward. The Grameen bank set up in many parts of rural India is a perfect example for this kind of an enterprise. With the availability of micro financing schemes, women have formed self help groups to set up small enterprises to lead a life of dignity and self sufficiency without depending on their wayward, drunk husbands. Enterprises set up by women succeed because of their hard work, ability to multi task and self motivation. For women in lower rungs much depends on the success of their enterprise like quality upbringing of their children and a break from the monotonous life of subservience. This is an example worth emulating in Kenyan society as well.
Women need skill training, vocational education and entrepreneurship development if they have to compete and become the best. This need not be the job of government alone. Other interested stakeholders can also shoulder this responsibility. Women entrepreneurs have changed the dynamics in society and economy is thriving and improving and many academicians are focusing on this emerging phenomenon which is going to only increase in the coming years.