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Showing posts from May, 2020

Formula for success

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First rule for success is there are no rules and second rule is there are no formulas. Don't be mislead by the title, this is one person's interpretation with his level of (im)maturity. Now you read the statutory warning, let's dive into the details. We will be talking about three things that make success possible in anyone's life. Timing, Leverage and Discipline in the same order.  Timing, you can also call it fate. Life is not fair to everybody, suck it up. Some people are given fair shot than others at success. Some are lucky enough to be groomed towards it. This factor defines whether you will be born in  antilla  or Dharavi.   There is no bargain here, life hands it out to you and you have to live with it. We have seen rags to riches to stories, really great inspiration. But they are more of an exception than norm. Be inspired don't be fooled, just never accept fate's verdict, Keep fighting. Whatever anybody says Fate/Timing can turn your life upside down a

What is your DO NOTHING cost ?

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Elasticity will be the new Mantra of corporate  If something this COVID19 taught every corporate it is need for elasticity. It is always there but we never felt pressing need for it. Every company has a fair understanding on how much it costs to scale up X% or scaled down Y%. But no company ever needed to calculate the need for "Do NOTHING". What will be the cost of operation if we are in DO NOTHING mode ? Whether it is small business or big business now there should be a  DO NOTHING (pandemic)   clause. Like the US and China trade agreement have a clause, if there is a pandemic this trade agreement is NULL and VOID. What is the minimum cost you have to bear if there is no revenue source and how long you can sustain. Every financial adviser tells you to keep 3-6 months expenses in savings. Like that every company should know the DO NOTHING cost and keep that as cash flow. Just like stress test for banks each corporate need to test this new financial standard. In the software

Random thoughts

In this blog I am writing about my experience from book  (Curious Mind) and documentary (Theranos) Thomas Alva Edison: Undoubtedly the greatest innovator with hundreds of patents in his name. It was interesting for me to particularly learn about his Light bulb innovation he marketed 4 years before it was ready. He sold the idea and made money out of it even when the bulbs were exploding due to heat. He figured it out before his investors exploded. Till now, I never know this side of Thomas Alva Edison. He was also the inventor of "Fake it till you make it" apparently :-) Another interesting observation I heard from Theranos documentary in HBO is about Dice analogy. If I ask you to spin the dice and tell me the number (without me watching the result), I will pay you based on the result. Ex: if you rolled 6, i will pay you $6. I am not Watching it so you have chance of cheating me. Imagine you are hooked up to Lie detector now. You will be caught in that test. Imagine diff