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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

Here#39;s a fundamental view on the market from Motilal Oswal’s Gautam Sinha Roy Watch the interview of Gautam Sinha Roy of Motilal Oswal Mutual Fund with CNBC-TV18#39;s Anuj Singhal and Surabhi Upadhyay where he shared his readings and outlook on the market and specific stocks and sectors.
Fri, 21 Jul 2017 16:09:28 +0530


R Sukumar R Sukumar of Franklin Templeton Investments said that in this market, one could look for stock ideas which are undervalued.
Thu, 20 Jul 2017 10:47:31 +0530


Will see much better earnings growth in FY19-20: Ashwini Agarwal “Globally we are interested in large domestic markets. We have operations in Indonesia, Saudi Arabia and now we have launched a fund in India and we would like to do such kind of things in other countries. We are interested in local markets where operations are scalable,” Ashwini Agarwal, Co-Founder Partner of Ashmore Investment Management India LLP told CNBC-TV18.
Wed, 19 Jul 2017 19:00:02 +0530


Rajeev Thakkar Midcap IT companies that are in research, engineering services, digital space will benefit, said Rajeev Thakkar of PPFAS.
Wed, 19 Jul 2017 16:28:41 +0530


S Krishna Kumar S Krishna Kumar of Sundaram Mutual Fund said that the market could still see a positive bias but one needs to keep an eye on earnings trajectory.
Tue, 18 Jul 2017 11:42:49 +0530


Nilesh Shah In a CNBC-TV18 exclusive, Nilesh Shah of Kotak Mahindra AMC says that markets are not at an all-time high in terms of valuations. He also adds that there is froth in certain sections of the market.
Mon, 17 Jul 2017 08:23:35 +0530


Manish Sonthalia There is a correction which is overdue for this market and the sooner it comes the healthier it would be for the market, said Manish Sonthalia, Head Equities-PMS, Motilal Oswal AMC.
Fri, 14 Jul 2017 19:00:38 +0530


Video: Market view of UTI MF’s V Srivatsa Watch the interview of V Srivatsa, EVP Fund Manager at UTI MF with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Thu, 13 Jul 2017 12:21:37 +0530


Market expecting a rate cut down the line: UTI MF Retail inflation has seen a sharp slowdown in June while May industrial output has come in at 1.7 percent. In an interview to CNBC-TV18, Amandeep Chopra, Group President and Head of Fixed Income at UTI MF assesses the impact on the bond market.
Thu, 13 Jul 2017 11:27:03 +0530


Why you should make a balanced mutual fund a part of your portfolio If the investor takes position in equity through balanced funds, they get to realise equity growth potential and lower fund volatility.
Thu, 13 Jul 2017 11:14:33 +0530


Market to be rangebound for 6-12 months; stay away from telecom: DSP BlackRock The fund house believes that a big upside in indices from this point is difficult, but does not expect any major correction due to good macros
Thu, 13 Jul 2017 10:44:16 +0530


Stable macros will continue to support Indian market: Axis MF Sluggish corporate earnings which have been a concern for the market could see a strong revival in the second half of FY18 that#39;s the expectation which Axis Mutual Fund is working with.
Tue, 11 Jul 2017 15:32:47 +0530


Q1 earnings to be lower on GST shock; auto, corp banks to be hit: Birla Sun Life AMC Mahesh Patil of Birla Sun Life AMC believes that a recovery could be seen in the coming quarters. On retail sentiment, he said that SIP flows are seen at around Rs 6,000 crore a month.
Tue, 11 Jul 2017 11:10:36 +0530


Here is how to switch MF investments from regular plan to direct plan We will explain not only how, but also why and when it is wise to switch your investments from regular plan to direct plan.
Mon, 10 Jul 2017 15:12:31 +0530


Renuka Ramnath RBL Bank is well poised to capture growth opportunities and has a great niche in the segment they are present in Renuka Ramnath, Founder CEO, Multiples Alternate AMC.
Fri, 07 Jul 2017 16:47:29 +0530


HDFC Life files IPO papers with insurance regulator IRDA The draft of IPO papers did not mention anything about Max Life merger in any form.
Thu, 20 Jul 2017 11:35:21 +0530


Godrej Agrovet files IPO papers with Sebi Godrej Industries arm Godrej Agrovet on Wednesday filed draft papers with markets regulator Sebi to raise an estimated Rs 1,000-1,200 crore through an initial public offering.
Wed, 19 Jul 2017 20:11:34 +0530


Shanti Overseas (India) ltd SME IPO To open on 21st july- HEM securities HEM securities have come out with the research report on Shanti Overseas
Tue, 18 Jul 2017 15:55:14 +0530


Captain Technocast Ltd SME IPO To Open On 20th July- HEM Securities HEM securities have come out with the research report on Captain Technocast
Tue, 18 Jul 2017 15:39:23 +0530


Hemant Kanoria NULL
Tue, 18 Jul 2017 11:27:53 +0530


Salasar Techno Engineering IPO oversubscribed 273 times The IPO received bids for 90,63,94,500 shares against the total issue size of 33,21,000 shares, data available with the NSE till 1930 hours showed.
Mon, 17 Jul 2017 20:45:25 +0530


SBI Life gets ready for a big IPO this year, may raise Rs 8500-9000 cr Once listed, this would be the second life insurer after ICICI Prudential Life Insurance to be listed on the stock exchanges.
Mon, 17 Jul 2017 19:54:58 +0530


SBI Life Insurance files DRHP, to issue up to 12 cr shares via IPO SBI Life Insurance is a joint venture between State Bank of India (SBI) with 74 percent stake and BNP Paribas Cardif with the remaining 26 percent.
Mon, 17 Jul 2017 14:46:05 +0530


Subscribe to Salasar Techno Engineering: Choice Broking Choice Broking has come out with its report on Salasar Techno Engineering. The research firm has recommended to “Subscribe ” the IPO in its research report as on July 13, 2017
Thu, 13 Jul 2017 13:41:35 +0530


Subscribe to Salasar Techno Engineering: Nirmal Bang Nirmal Bang has come out with its report on Salasar Techno Engineering. The research firm has recommended to “Subscribe ” the IPO in its research report as on July 13, 2017.
Thu, 13 Jul 2017 13:19:35 +0530


Subscribe to Salasar Techno Engineering: HEM securities HEM securities has come out with its report on Salasar Techno Engineering. The research firm has recommended to “Subscribe ” the IPO in its research report as on July 12, 2017.
Wed, 12 Jul 2017 10:06:17 +0530


Solid listing: AU Small Finance Bank ends near day#39;s high, up 51% over issue price The bumper listing was on expected lines, given the overwhelming response to public issue and the hefty grey market premium.
Mon, 10 Jul 2017 16:07:23 +0530


AU Small Finance listing hit by NSE tech glitch; trading starts late AU Small Finance Bank touched an intraday high of Rs 540 and low of Rs 523.70.
Mon, 10 Jul 2017 14:07:09 +0530


Bumper debut: AU Small Finance Bank lists at Rs 528, zooms 47% over issue price NULL
Mon, 10 Jul 2017 10:05:31 +0530


IRDA gives in-principle approval for SBI Life IPO of Rs 7,400-8,500 cr SBI Life is expected to raise Rs 7,400-8,500 crore through IPO, which valued it at Rs 65,000-70,000 crore, sources said.
Fri, 07 Jul 2017 11:27:53 +0530