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  • Financial Planning

    In finance, investment is putting money into an asset with the expectation of capital appreciation.

  • Mutual Funds

    When it comes to the world of investing, three words come to mind: overwhelming, intimidating, and scary.

  • Time for changes

    Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

  • Solution

    The stock market is filled with individuals who know the price of everything, but the value of nothing.

About Us

We all dream of owning a successful company, calling the shots and pocketing a nice paycheck every other week. Oh, there are plenty of dreams out there but how many of us actually take that first step toward financial independence and a quality of life that depends, not on the folks upstairs in the big offices, but on your own hard efforts. When you own the business, financial independence depends on you.

Thats why most people back away from business ownership. Fear of failure. Fear of looking foolish. Fear of what your family and friends will think if your new business doesnt soar like the American bald eagle - the American dream. 

Ive had the satisfaction of starting start several businesses in my career, some more successful than others. However, even my "less than stellar" attempts at entrepreneurialship have taught me valuable lessons - lessons you can take with you to the kitchen table and start drawing up plans for your business. 

So learn from someone whos enjoyed success and learned from missteps when it comes to starting your own business. For me, and millions like me, business ownership is the only way to go. 

1. Consider your assets. 
It takes money to start a new business but it doesnt take a lot of money to start all new businesses. An office cleaning service can get up and running on a couple of thousand dollars. A car detailing business would cost you even less. 
But dont just consider cash on hand. Consider your personal and professional assets. Are you a people person? Consider sales. Are you a bean counter? How about opening a tax prep service? 

Youve also got other assets. Your own tools, a car or truck, a computer - make a list of all of the cash and other assets on hand. This is the starting point for deciding on the right business for you. 

It can cost up to $2 million to buy a McDonalds franchise, so if you dont have $2 mil tucked under the mattress, look for less costly ways to become part of the world of commerce. 

2. Do something you enjoy because youll be doing it a lot. 
It doesnt make much sense to open a landscaping business if you hate mowing the lawn - even if your business does provide financial independence. So, what are you good at? The simple fact is we all enjoy doing things were good at so think about the things you enjoy doing in your spare time. In that mix, theres a business for you - one in which you work 70 hours a week and love it - because its yours! 

3. Dont borrow money. 
Okay, maybe you can borrow a few thousand from a friend or family member but dont start maxxing out your credit cards to get your business up and running. Its hard enough to launch a start-up without a heavy debt load the day you open shop. 

4. How entrenched is the competition? 
Youre a certified financial planner considering opening a small office in town. Okay, have you opened the phone book to see how much competition there is in your region? Why swim upstream? 

If there are already 10 financial planning firms within a 20 mile radius, chances are these companies have their client bases in place. They also have the resources to blow your little store front to bits with marketing and promotion. The key? Study local competition and start looking for business locations where youre not fighting for attention in a throng of like-minded business owners. 

5. Keep your cash as long as you can. 
One client designed a beautiful tri-fold, four-color brochure for his new investment firm. He had 5,000 of these tri-folds printed, bundled, boxed and shipped to his home office, which happened to be in his home. 

Heres the problem: this business owner only had two clients when he paid to have those brochures designed by a graphic artist and printed on lacquered, high-end paper. The whole package, including shipping, costs the new businessperson just a little over $2,000. Unfortunately, he had four boxes of brochures stacked in his home office, he was out $2K and those brochures werent going to grow the new business any faster - something essential to any new business. Growth. Fast. 

Cash is king. Dont spend it unless you have to. Lease when you can. Use on-line virtual assistants (VA) if the work load gets too heavy. And save what cash you have for immediate growth. 

6. Develop the plan. 
Just set yourself someplace quiet and start writing whatever pops into your head. What will you need? How will you get it? What wont you give up? Do the free association thing and one thought will lead to the next and the next. 

Refine your notes over a week or two until you see step one, step two, three and four. A business grows organically under the right conditions. This is the time to create the right conditions.

7. Budget. 
Its such an ugly word and if you think living on a family budget is tough, waitll you get a load of a business budget with expenses you havent even uncovered yet, though you will soon enough. 

I recommend to my clients that they keep at least 50% of their start up capital set aside for marketing, and if you can do 60% - even better. Why? 

You can have the best product or offer the highest quality services but if no one knows youre there, that business is going belly up in a matter of months. 

So, in addition to inventory (if youre selling products) and a high-speed hook-up, a reliable computer, remote-site records storage and all of the unknowns that youre about to encounter, keep at least half of your start up cash on hand to tell prospects that youre open for business. 

8. Dont let fear freeze you. 
Are you kidding me? Were all fearful. Fearful of market downturns (restaurant killers), new competitors (lower margins for you), a change in the neighborhood, a dishonest wholesaler - you could spend a day - a week - compiling a list of things that could go wrong. 

Prepare for emergencies (thats what the cash is for) but dont let fear freeze you in place. And dont let failure put out the flames of ownership that burn within a select few. Ive failed and Im still here. Youll fail, make mistakes and fall on your face some days. Its part of the process of growing a business to profitability. 

However, I dont let these missteps keep me down. I learn my best lessons from my worst mistakes. You will, too. 

Look, this is a once-over-lightly look at building a business but youve already proven your interest by reading this far. So, maybe its time to pick up pencil and paper and move to the planning stage.

 

Market Watch
  • MF News
  • IPO News

Lalit Nambiar Watch the interview of Lalit Nambiar of UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Tue, 23 Jan 2018 12:04:32 +0530


Harsha Upadhyaya The expert believes that it would be prudent to tilt the portfolio towards largecaps, where valuations are slightly better.
Mon, 22 Jan 2018 11:01:26 +0530


Sunil Subramaniam In an interview with CNBC-TV18, Sunil Subramaniam, CEO of Sundaram Mutual Fund discussed the mutual fund (MF) industry wish-list and their expectations from Budget 2018.
Thu, 18 Jan 2018 14:56:59 +0530


Bill Maldonado The one thing they like about investing in India is the prudent manner in which the economy has been managed by the government and the RBI, said Bill Maldonado of HSBC Global AMC.
Fri, 12 Jan 2018 15:50:33 +0530


S Krishna Kumar The overall market is factoring in a lot of positive news, said S Krishna Kumar. Cues such as India being fastest-growing economy going ahead along with swelling order books of EPC firms are working well.
Thu, 11 Jan 2018 10:28:56 +0530


Ajay Tyagi In an interview with CNBC-TV18, Ajay Tyagi, EVP Fund Manager, UTI Mutual Fund discussed fundamentals of the market.
Mon, 08 Jan 2018 12:46:31 +0530


Sailesh Raj Bhan Fund flows in December may have slowed but 2017 flows overall have been at record levels that is flows coming from retail investors to mutual funds. In an interview to CNBC-TV18, Sailesh Raj Bhan, Deputy CIO-Equity Investment at Reliance Mutual Fund shared his views and readings on this extraordinary trend of 2017 and will the same continue in 2018.
Fri, 05 Jan 2018 11:59:28 +0530


Tushar Pradhan Speaking on valuation issues, Tushar Pradhan highlighted that they did move higher last year and PE expansion also contributed to returns from the market.
Thu, 04 Jan 2018 11:00:16 +0530


Sunil Subramaniam Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Wed, 03 Jan 2018 11:52:11 +0530


Swati Kulkarni Watch the interview of Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF with Sonia Shenoy and Ekta Batra on CNBC-TV18, in which she shared her readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Fri, 29 Dec 2017 12:11:24 +0530


Manish Sonthalia Manish Sonthalia expects the taxation to return to equity given the lower GST collections along with economic scenario.
Wed, 27 Dec 2017 11:51:34 +0530


Gaurav Mehta In the fund there are several consumer names both from the staples basket as well from the discretionary basket, said Gaurav Mehta, Fund Manager,Ambit Asset Management.
Fri, 22 Dec 2017 16:31:17 +0530


Here#39;s a fundamental view on the market from Motilal Oswal#39;s Gautam Sinha Roy Watch the interview of Gautam Sinha Roy of Motilal Oswal Mutual Fund with CNBC-TV18#39;s Ekta Batra and Surabhi Upadhyay where he shared his readings and outlook on the fundamentals of the market and specific stocks and sectors.
Fri, 22 Dec 2017 12:01:08 +0530


Mutual Fund Day: Financial planning tips for young professionals On CNBC-TV18#39;s special show Mutual Fund Day, watch the interview of Sailesh Raj Bhan, Deputy CIO Reliance Mutual Fund and Harsh Roongta, Independent Financial Advisor where they shared financial planning tips for young professionals.
Thu, 21 Dec 2017 19:01:55 +0530


Mahesh Patil Overall, he expects auto and cement names to show growth in earnings. For the second half of this fiscal too he expects good earnings trends.
Thu, 21 Dec 2017 11:44:51 +0530


Bharat Dynamics files IPO papers with Sebi This is the fourth PSU that has approached Sebi for IPO in less than one month. The other three are - Mishra Dhatu Nigam Ltd, RITES Ltd and Indian Renewable Energy Development Agency (IREDA).
Tue, 23 Jan 2018 13:28:43 +0530


Route Mobile files IPO papers with SEBI, to raise around Rs 600 cr Route Mobile will also use issue proceeds for investment in subsidiaries for purchase of office premises in London and Singapore; purchase of business process outsourcing centre in Noida; and general corporate purposes.
Mon, 22 Jan 2018 17:41:28 +0530


Apollo Micro Systems closes 65% higher on Day 1 of listing The stock had gained a whopping 74 percent in the opening tick at Rs 478 on the BSE.
Mon, 22 Jan 2018 16:44:16 +0530


Bumper debut! Apollo Micro Systems lists 74% higher at Rs 478 The company#39;s Rs 156-crore IPO saw huge oversubscription of 248.51 times between January 10 and January 12.
Mon, 22 Jan 2018 10:01:29 +0530


Apollo Micro Systems to debut on bourses on January 22 Considering the market#39;s strong momentum and that the issue was met with a phenomenal response from investors, the listing price premium could be around Rs 200 per share over the IPO price
Sat, 20 Jan 2018 19:07:31 +0530


Amber Enterprises IPO oversubscribed 165 times on final day The air conditioner manufacturer’s IPO received bids for 1.99 crore shares against an issue size of 49 .27 lakh, data available with the NSE as of 11:50 am showed.
Fri, 19 Jan 2018 11:53:32 +0530


Newgen IPO Update: Issue subscribed 3.3 times on last day so far The issue has received bids for 1.34 crore shares against the total issue size of over 1.22 crore scrips, data available with the NSE as of 11 am showed on Thursday.
Thu, 18 Jan 2018 11:14:46 +0530


Amber Enterprises IPO fully subscribed on first day The company had raised Rs 179 crore from anchor investors yesterday.
Wed, 17 Jan 2018 18:47:33 +0530


RITES files papers with Sebi to raise Rs 600 cr via IPO Incorporated by the railways ministry, the company provides transport consultancy and engineering services.
Wed, 17 Jan 2018 15:37:35 +0530


Subscribe for long term to Amber Enterprises India : SPA Research SPA Research has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 17, 2018
Wed, 17 Jan 2018 13:26:39 +0530


Amber Enterprises IPO opens today. Should you subscribe to the issue? Brokerage houses largely recommend subscribing to the issue, citing reasonable valuations as well as that of having a good track record.
Wed, 17 Jan 2018 08:41:05 +0530


Subscribe to CRP Risk Management: Investment Imperative Investment Imperative has come out in its Report on CRP Risk Management IPO as on January 16, 2018
Tue, 16 Jan 2018 13:24:28 +0530


Galaxy Surfactants gets Sebi#39;s go-ahead to float IPO The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in November last year and obtained #39;observations#39; from the regulator on January 12, 2018, the latest update with markets watchdog showed.
Tue, 16 Jan 2018 12:45:34 +0530


Newgen Software IPO opens today. Should you subscribe? The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
Mon, 15 Jan 2018 17:39:53 +0530


Subscribe to Amber Enterprises India : HEM Securities HEM Securities has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 17:05:50 +0530