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Who and why they sold you the idea of Entrepreneurship.

Who sold you the Entrepreneurial dream? Where did you hear it first time? Most of us are not even conscious of the fact where we first heard the word “Entrepreneur”. Did you hear it as a child, or did you hear it on TV ?

In India, organised corporate sector employs 11% of population. The rest are either running a small business or employed by small businesses.

Where and when did the Entrepreneurial dream begin?

To understand the roots of popularising entrepreneurship, we need to head back to the US of the 1980’s. Keynesian economics was being replaced with Neo-liberal economics. Jimmy Carter privatised airlines, banks, hospitals and host of institutions. Margaret Thatcher was also doing the same in UK. Bargaining power of trade unions were being “systematically” weakened. This was essential for Globalisation. The developed world first lost factory jobs. Manufacturing shifted to countries with cheaper labour. As that wasn’t enough, even the back end office jobs got outsourced.

Unemployment as a consequence of Globalisation

The result of this globalisation was loss of security of a stable jobs. Rise in productivity increases the salary of employees with specialised skills. But the commong man was losing his job. He had no social support, the neo-liberal wave had privatised every social benefit. The ordinary bloke went through sleepless nights. He kept awake thinking about how he is going to pay for his or his families medical bills in case of an emergency. He is now pissed.

To counter this anger and the inability of the government to create jobs. The neoliberal intellectuals made the helpless jobless person in to a loser. They sold him the idea, that if he didn’t have a job, he should become a entrepreneur. They suggested “the best help is self help”. They gave him new age propaganda bullshit that “you can create whatever you can imagine.”

Why did Indians buy the dream of Entrepreneurship ?

First of all Indian economics and media follow the US Template. Our ideology is western, at-least the popular culture. Also it suits the powers. After all elites are not nationalists.

But India has lot of Jobs?

I am not a economist, but India at this point in History has a youngest demographic in its population. We have much more youth waiting to enter the job market and many more competing to maintain their jobs. The Indian common man has no bargaining power with his employers like his counter parts in the west. Of-course we have a thriving middle class and the country is GDP is maintaining its pace. But unfortunately the GDP growth is not translating into “MORE JOBS”.

Narendra Modi and #makeinindia

Narendra Modi government wants to make Indian Manufacturing a tiger again. He is aware of the fact that 50% of Indians are not able to sustain themselves. The government has encouraged startups with its own start fund also.

What’s the point of this post?

I want to remove the rose tinted glasses which you view entrepreneurs. I find it ridiculous to see guys blushing when they talk about Elon Musk. The Government is washing its hand on their responsibility towards helping them. It is saying you help yourself, while we will do some kind of tokenism.

The Reality of the Entrepreneur.

Every small businessman I meet is telling the same story. He is spending too much time in administrative work. The government is arm twisting him, to collect taxes. while the big fishes maintain their unscrupulous stance. This is the reality of the ordinary Entrepreneur.

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Review of the book A feast for Vultures: The hidden Business of Democracy in India.

This one one of the book, I finished at a single go. Though the author is journalist the content is easy to read and I trust the editor has taken a lot of efforts to make it easy to read.

Coming back to this book. If you want to know how the system (the state) works, this book is essential primer. The books starts with a classic rural village and the trials of a village activist to get a road to his village. You would know a lot about Indian villages after reading this first chapter. Did you know over 56% of rural Indian population in India still don’t have electricity. Unbelievable

The central chapter talks extensively about the airline industry which was born out of liberalisation. Remember East west Airlines? The owner was gunned down one evening outside his office. Also the meteoric rise of Naresh Goyal the billionaire behind Jet airways. #Imho the chapters on the airlines is the best part of this entirely fabulous book.

It talks about how the Judiciary has over 3 crores pending cases, which might take 320 years to dispose off. This is crazy isn’t it?

The books then heads over to central India into the business of mining and coal blocks. It talks about Jindal and Vedanta and a bit about the rich billionaires owners behind these corporations. It has all the details but the scope of the books is not to delve deep, but to give an overview of how corporate power works in India.

To sum it up.

It’s a quick read, you can finish it over a weekend or a couple of weekends. The book ends on a positive note. Read the book to find out.

Btw the way the author Josy Joseph is one of those great journalist. He has done some extensive investigative journalism on Adarsh and Common wealth games scam.

Amazon Link – http://www.amazon.in/Feast-Vultures-Hidden-Business-Democracy/dp/9350297515/ref=sr_1_1?ie=UTF8&qid=1503158407&sr=8-1&keywords=A+feast+for+Vultures

About Josy Joseph – https://en.wikipedia.org/wiki/Josy_Joseph

The best note taking app for bloggers

This is the best note taking app for iPad or iPhone. The moment I saw a video of the app I knew I couldn’t go to sleep w/o buying this app.The app stands about because of its smooth word processor and also it sync’s with Dropbox, Evernote and iCloud.

Yesterday there were some crashing issues on the iPad and I had to reinstall the app and now it is working fine today.

You can insert tables, pictures and create lists and use bold text headers with the swipe of a finger.

So go for it, it would cost you Rs 620/- and Iam sure, the price is only going to go higher.

Here is video review of the app here

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The ultimate cost effective last mile urban transport solution.

If you are looking at travelling about 3/5 kms per day to work or a cafe, where the distance is too long for a walk and too short for a drive. Then you need a last mile urban transport solution instead of waiting for a rickshaw.

Here is my review of oxelo town 7 kick scooter, which i purchased for Rs 6000/- (which included a Rs 2000 discount) available at sportxs online.

PS : The kick scooter weighs only 5.5 kgs, you can easily carry with one hand or it has a shoulder strap to carry for long distances.

 

If you are a blogger, who is your real customer?

Suppose you run a few blogs like I do and make revenue out of ad sales or content streaming from your blogs.

Now you have 2 bosses (customers) one is your visitors and the second is the sponsor or advertiser. While the visitor doesn’t pay to access your content while the advertiser uses your media to reach your demographics.

Also being a blogger means you are constrained and don’t have a sales team to pursue the advertisers for more ad revenue. So in this case would you focus on getting more revenue or more visitors (quality and quantity) to your website.

Personally I have never focused much on the advertisers. Don’t do sales calls nor solicit clients for advertising money. I focus on my demographics visitors.

But I am planning to change strategy soon, shift focus on advertisers instead of the community. But the objective would be to serve the community better.

What about you?

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