Wednesday, April 04, 2012

OneMint - good blog on personal finance

Came across OneMint - one of the few good blogs on personal finance in India. The author, Manshu, puts in serious effort to analyze latest issues and trends in managing personal investment portfolio. It is a great blog to understand some of the most common questions, such as investing in NCDs, FDs, MFs. It also has a 'Suggest a topic' section - which is regularly addressed by the author.

A highly recommended read. If there are other such resources, let me know.

Entrepreneurship as a career

Why not consider Entrepreneurship as a career - same way as being a doctor, engineer, manager, banker, consultant, or an artist? Why can't there be a 'career entrepreneur'? If one is serious about entrepreneurship, he should think of it has a career, rather than as a single shot / single phase in life.

  1. Start small: In all professions, one starts at the bottom. So, why not start a small business to start? It helps you learn the basics and prepare for next steps.
  2. Move up gradually: Don't look for the big bang hit (if it happens, great!), but move up gradually. Like any career, choose a field in which there is scope to move ahead.
  3. Be ready to do crap: You do crappy things in the world's most glorified jobs also - why shy away in entrepreneurship?
  4. Be ready to handle crap: Stupid boss / managers are the same as irritating co-founders, employees and customers.
  5. Have mentors: In any other career, you need mentors too - even more important in entrepreneurship
  6. Switch: A popular way to progress in any career is to switch jobs. An entrepreneur should be open to switching his business as and when need arises.
  7. Take a break when necessary: If things are not going well, take a break and come back after some time. It is a 40 year career, not a 3 year stint.
  8. Maintain work-life balance: Don't ignore your family
Entrepreneurship is a career, not a stint interspersed in another career.