Sunday, March 30, 2008

I decide to become an Entrepreneur

Rottenning in my job which offers no scope for further advancement I have always been thinking of starting a new business. My wife is always terrified by my mere thought of giving up a job which offers comfortable living if not a lavish living. Well, this time my son came to my rescue. He consoled his mom saying my euphoria is not going to last for long. It seemed like an old story, I thought,....I will have to give up my dream to become one such successful entrepreneur.


I was in my low when my son came and offered me to help. He suggested me that why not search for an innovative business idea. I seemed to like the keyword: Innovation, innovative ideas, innovative ways of doing the old things. Bitten by the word "Innovation and it's close encounters I started hitting all likely keywords into Google.


I came across many great ideas which initially thought to be innovative but I wanted to hit upon a unique idea that had not been tried earlier. Sooner I realized that the Internet is full of old tried ideas and it became clear that I resign to old style of going in hibernation for some time for thinking of an idea. My wife generally is averse to my idea of going alone to some nearby spots like Khandala or Lonavala for confining myself in solitude that may help me in concentrate and think. One reason, I know if it's true, I may think of other women...that's obvious....no, no...not that I am going to thing of other women it is obvious a married woman to think in such way if her man goes out and stays at such romantic places....so my son comes again to my rescue..."Dad, why not go to our old flat"...well I must tell you that our small old flat is just 150 meters away. I liked ingenuity of my son who he is trying to help me out at the same time he is trying to protect his mother.


It was decided that we place a new A.C . and so it was done. My wife did not forget to meet our old neighbors and entrusted them a job of keeping a watch on me...nevertheless neighbors always volunteer to do such work, don't they?


It happened that I was reading Paulo Coelho, consuming bottled water and new news channels were blaring about the pollution, particularly Air Pollution in cities of India. Suddenly something happened and I knew that the whole universe was conspiring to show me a path injecting omens....


...if there is a packaged or bottled water, why not packaged air ?


I have come from the age where we were taught that water and air are the free gifts of nature and therefore never thought that we need to pay for them. But see the providence....we are happily paying for bottled water. I understand that there is a problem with water...that the water is not available everywhere...and that water even if available it should be potable.But the same can't be said about air...the air is available every where...even in the desert of Sahara...in africa's jungle and draught-stricken districts of India. So why should anybody buy a packaged air?


That was the big question....but if we could make people buy packaged air nothing like that, I thought.


One fine morning I summoned my son to find out if there is packaged air available. My son probed me, "are you serious?". I said," yes".


"Then please allow me some time to do a serious research for what you think is a great idea. But I need keys of our old flat". Anyway it was a long time that I was going to our old flat for thinking in solitude and even our old neighbours had given up keeping watch on me as one of our neighbor quipped that nothing interesting was happening in our flat.

" No problem, I said and give him the keys".


( Develop this sub-plot later...)


Son came back saying that packaged air in fact was available in some advanced countries, it is used for blowing dust.

"well, nobody is going to buy my packaged air simply to blow dust"


My question was why they needed a tinned bottle of air, they could have used blower or vacuum cleaner instead. I was told by my dutiful son that there are circumstances in which you need to use compressed air packed from a can. I asked him to probe further if people in foreign countries were using air the way we use bottled water.


"No, but governments there release pure oxygen in cities that have been polluted above a certain norm, and the money for this comes from tax collected from polluting industries.


I know that the governments here won't be releasing oxygen in the air in polluting cities let alone from the pollution taxes that they collect. They simply do not have a habit of doing so and even if they were willing to do so they will have to release oxygen through out the India, which you all will agree would be cumbersome besides stunningly expensive. I decided to shelve my idea because Indian state governments would not be buying oxygen for releasing in the air and also if they decide to do so there are already people / companies offering such services.


"Don't loose your heart Dad", my son continues " you still make the people buy the packaged air if people feel that there is a shortage of air or pure air. See how Reliance Energy declared that they can charge the differential rates during the deemed load shedding....the rates could be much higher...like mobile phone
plans...."

My question is : could there be such period when you choose not
to breathe....or breathe less air....

"the question is of quality air", my son quipped "so make cities
filled with less of pure air and then induce people to buy canned air".


"making cities more polluting?"

"No, no….only that people should feel that their cities are more polluting. You know Dad that these days there is a more and more emphasis placed on performance and so you can make them believe that they indeed need to inhale more of pure air for peak performance. It's not the question of true or false but the question is of believing and if they start believing your story may be people will buy it …canned air ….from you…that it is the question of M & A "

" Merger & Acquisition?" I was surprised. I had no inkling of such idea in my financial training.

"No, no….it's Marketing & Advertising", he quipped.

"Oh, that's alright but how people will use canned air?"

"That's a real question…we need to research on that. Using it as an oxygen mask would be too much embarrassing & inconvenient…may be as an inhaler?

Well idea is progressing in right direction, I thought.

"Will anybody buy my idea?" I asked.

"I don't know", said my son.

"I shall pay you half the profit if you help me", I retorted "in actually selling the product."

"Dad, you know I am a consultant type….I can suggest you ways in identifying resources, market, technology & make reports, prepare presentations. And you want to become an entrepreneur, so I am afraid that the whole responsibility & headache of implementation is yours."

"But you know Dad I am your son and would not like you to fail miserably like the most start-ups. Well you know dad that the latest research show that performance depends more on energy levels of a person and not on his age, sex or education…so I can get you at least one customer …the first one very quickly so that you get a head start.

"You yourself would be your first customer", son quipped.

My P2 speech: Leapfrogging...

Leapfrogging as a Strategy


Rottenning in my job which offers no scope for further advancement, I have always been thinking starting a new or second career.


Not very long ago I was visiting my old place of residence during Holi. I saw kids playing a game, in which one boy stoops down and others jump over him...
I immediately recognized the game...Leapfrogging...


Leapfrogging literally means bypassing a stage or stages or processes in doing certain things but generally it is used in the context of technology.


The great visionary & scientist Dr. Vikram Sarabhai thus pointed out that India being latecomer in many areas of technology, it had an advantage because it can leapfrog through the intermediate stages of technology.


We also know that till some 10 years back telephone density in India was very poor…just 1 telephone for 100 people….and that was the period of wired networks which we lacked. But see where India is …in absolute terms almost 300 millions telephone connections by end of this March…which will make India no. 2 in the world in absolute no. of telephones…wired or wireless ,mobile phones. …and we need not think about the sunk cost of vast wired network…we did not have that much in the first place and yet we leapfrogged through the stages to attain no. 2 position in the world.


Sometimes leapfrogging may be unintentional….the case in point is IBM…as you know IBM was thrown out of our country in 1977…so we did not have a legacy of mainframes, unlike in the USA, and when IT revolution took off the mainframe became obsolete…it was the age of PCs…and we did not face the problem of old and expensive mainframe computers.


Take another example where middlemen were eliminated in a co-operative movement…and producers were benefitted…I am talking about Amul…the largest producer of milk in the world.


In fact we can think in terms of applying leapfrogging as a strategy to solve problems and find new solutions.


If corruption is traced to bureaucratic red tape, we can look at rules or procedures to see to what extent rules and procedures can be eliminated, bypassed, or leapfrogged.


If you feel like stuck in a mid way…may be in your career thinking that you are being denied promotion or raises…think again…there are ways…
Use leapfrogging as a strategy…


Why think of promotion or rise when you can think of becoming CEO of your own company….or your own life...


If you are being nagged continuously by your boss…you can thing of becoming his boss…what not possible?...well, you can purchase a controlling stake in your company and become the ultimate boss…


…you may ask me what I am going to do…


..as you may know that I am in ministry of finance and when I get irritated by my boss I actually feel sorry that in Govt. offices I won’t be able to become boss of my present boss as all promotions are based on seniority only…


…so it’s my wildest of dream that it is more feasible for me to become Finance Minister of India and thus become ultimate boss of all my bosses.


What about you?...I am curious to know that…

Friday, March 28, 2008

Reflections

Just now when I was reading the words of Paulo Coelho, about his different worlds of :

(a) ‘a lot of people’, and (b) ‘no people’, I was stunned to find similarities in Paulo and I; I could not help to immediately relate it to me.

And thus flowed:


For much of the thinking is
The same thinking,

For much of the feeling is
The same feeling,

For much of the wants are
The same wants,

For much of the aspirations are
The similar aspirations,

For much of the observations are
The same observations,

For much of the philosophy is
The same philosophy.

For much of the desires are
The similar desires,

For much of the ways are
The same ways,

For much of the vision is
The same vision,

For much of the life is
The similar life,


I was wondering if there is another Prashant in Brazil
Or another Paulo in Mumbai.

For much of the Paulo is
The similar Prashant.