A big step backward !!

I am appalled to hear about the reservations in private sectors in UP. I don't politically understand either as Mayawati win was majorly due to Tagores who are part of upper caste community. Though this reservation announced is for private sector firms executing projects for the state government, I believe, this is going to have big ramifications. Probably the first step towards reservations in Private sectors.

States like TN would soon follow. Infact there is a possibility of these govt going a step forward where would force reservations on private firms, if they were to setup up a centre in their state.

Will we be happy if US or Euro slap a reservation or tax high for all outsourced job ?

See HERE for news

Nano a.k.a 'Despite Mamta'

Ratan Tata dream of getting a low cost car has come true. All the apprehensions about the power, mileage, safety en all has put to rest as these parameters are comparable to Maruti 800 at much lower rate. Right from the housewife’s to auto-richawallas to top business tycoons are talking about Nano. The reason being, Nano is competitor for bike, auto and car segment. Not only people of India are talking about it but people from western world are cognizant of such a cheap car, as cheap as $2500.

What would effect of Nano to India market. Will Auto, bikes cease to exist? What about parking space, traffic jams or pollution issue? Is it similar to cell-phone revolution started by Reliance? Well, to answer all these we need to wait and watch.

Cartoon below was from "The Hindu" dated 10 Jan 2008.

P.S: If you believe Nano would be hit then sell whatever car/bike you hold now. If Nano is decent hit, I am sure it would pull rates of others.

Ten reasons why a startup fails.

Met up with young entrepreneurs (few going to be) at Chennai Open Coffee Club. It was nice to see young guys have started their own firm. I also observed an increasing and interesting trend where few starters have dropped out of college to start their own firm. Though most of their focus business was more like Google (online marketing/advertising), a hard technical based startup was obviously missing. The discussion started with ice-breaking session disintegrating in to smaller group discussing their ideals etc. With in hours of this meeting, Siddhi posted this on to Ning forum on reasons why a startup fails. Here are those 10 reasons

1) Poor Execution
2) No Viable Market
3) Too Much Leverage
4) Undercapitalizing the business
5) Lack of competitive advantage
6) Competing head-to-head with industry leaders
7) Picking a niche that is too small
8) Breakup of the founding team
9) Poor pricing strategy
10) Growing too fast

Here is the original article.

http://www.squidoo.com/starup_failures/

Interesting read though!!