When you do a business, the Laws of Economics apply to that also. You buy things add your overheads, add profit and sell the product. Or you sell a product and from that you deduct all your costs and what gets left is profits. In the retail business – especially the book business – about […]
A survey in the USA – the land where ‘Greed is Good’ was created and is defended – showed how people with MORE actually are NOT liking it. Just check what happens when you have more. It actually forces you to choose – whether it is shirts, pants, a big menu card, a coffee shop […]
“Invest like Mukesh Ambani” or “Invest like Warren Buffet” or “Vallabh Bhansali”…are all very sexy and very very media like advice. And typically stupid, wrong and impossible to implement advice. Do not even read such articles further. Face it. Whatever it is, in this birth you are not Buffet, Ambani, Jhunjhunwala or Bhansali. Fact is, […]
Rising real estate prices are likely to hit doctors the hardest! Do you see the connect doctors? Any simple business which is dependent on ‘geography’ will have to worry about rising real estate prices. Let us take the example of a opthal, a dentist and a ‘General Practitioner’ – all 3 doctors. Assume for a […]
So Sushil Kumar has just won himself Rs. 5 crores – and obviously the first question topmost in his mind should be: How should I invest this huge amount? Well let us assume that he gets Rs. 3.5 crores after all taxes are deducted. The following steps are very important: 1. Invest the whole amount […]
An amazing land legislation which says land can be procured only by paying 4 times the market value has been passed. This will mean the land owners will benefit, correct? No. Only Economics will work. Let us take a different example – if suppose a legislation was passed that women should be paid 1.25 times […]
When I was younger and my head was full of foolish ideas and lot of black hair….there was also a huge urge to start some new businesses. Thank God, I did not! In the 1990s – Income tax practice was still on the top of my head. I seriously thought I should set up a […]