Krishnan's Blog

You have a business plan ready with you and now is the time to choose a name for your business. One might think on why am I writing a blog post on choosing a name for the company. Choosing a name for your company is indeed not an easy job and is very important in building the foundation for your dream company. While choosing a name a lot of factors has to be considered. I have mentioned some of the important factors below. The name of the company should be relevant to the operations of the company. short and catchy and easy to remember. should reflect the culture of the company. not used by any other company. (will help you during the incorporation of your company) Entrepreneurs should have quite a few brain storming sessions before forming a company. Choosing the name is usually an art and can only be derived by trial and error. Also you need to consider that the domain name for the chosen company name is available. For eg.: You have chosen FoodPunch as yo...

The first step of starting a business or company of your own is to write a business plan. Business plans for a business is what classes are in a object oriented programming. In other words they are what a building plan is to an engineer who is heading a team to construct a building. In short a business plan is the back bone to a entrepreneur in his entrepreneurial journey. First stage planning: At first an entrepreneur needs to create a blue print of the project he wishes to work on. Blue print consists of the rough plan. It could be pieces of the dream that you had about your business idea or the vision that you saw. This is paramount as without a plan you cannot start your work. Do not worry about the business plan not turning up well. Your first step of writing a business plan will be draft copy, the final plan can be easily derived from this rough draft. So once you have jolted down your entire dream or vision onto the notepad, you have to now give it a shape.  ...

I am writing a blog post after quite some time. The main inspiration behind this blog post was an email sent by my friend Imran. The email had an URL which redirected to a powerpoint presentation, which outlined the doom of "Subhiksha", the retail giant. The presentation was well drafted and covered almost every point which was the main reason behind Subhiksha's doom. You can view the original article here . I do not want to write an explanation on this presentation. I want to concentrate and write about one point - "Rapid/Uncontrolled Expansion". Is rapid or uncontrolled growth good for a company or a human being? The answer is a simple "no". The reason is very simple. A building built on a weak basement is for sure to fall. So the fact " building strong basement konjum weak " is applicable to everything present in this world. Be it a company or an individual. Hence instead of attaining rapid or uncontrolled growth one should concentrate...

I went out of my home in the late 2006 in search of a living. I had to manage my finances all by myself. I was completely good at it. I did everything perfectly. Though I had a credit card, I was very good in managing it. Though there was a time when slightly I over used my credit card but still managed to take control of the situation. I did a lot of savings and of course some good stock investments. Things were going good, when one fine day things became some what worse. The main cause of that problem was there was way too much cash in my hands. Lot of cash made me very arrogant and hence my spending also went up. I used all my credit cards extensively and at a certain point lost track that when should I drop cheque for which card. Due to this confusion I lost track of all my billing cycles and hence interest charges were levied. As I mentioned I had good cash flow I somehow managed it. Then a time came when I felt that it is the right time for me to start a company. I quit my job an...