15 years out of IIM calcutta, have company with turnover of 6 Crores exports of machinery nett profit around 50 L per year. If I had worked for 15 Years I would have a per year salary of 1 Cr gross. Take your pick. Mine would still be a job
RE:Job's Better
by Sanjay Bhakat on Feb 03, 2007 05:28 PM Permalink
Dear Mr. Ramesh, Good off your computation. You withdraw all the profit?? No, then what u do? You re-invest. Say after 2 months you don't pay attention to your business, your business starts suffers but the money is still in your bank, and then assume you die, your kids and wife can run it if not as efficient as you had. Now switch the chair, you in Morgan Stanley grossing 1 crore a year, you sleep for 2 months, no pay check reaches your home, you die after that, Your kids and wife are thrown out of school and home, Morgan Stanley will not employ your wife or kids - Now you take your pick. If people from IIM, Calcutta can think like this, God help us, THE INDIANS.
RE:RE:Job's Better
by Ramesh Nakhwa on Feb 05, 2007 10:35 AM Permalink
Dear Sanjay, What do you think I have been doing all these years. Reinvesting the profits and slogging my balls off. The point is if you cannot bridge the gap in 15 years then you need to rethink it out. Get it??? And any way what's this to do with Indians. People anywhere in the world will think similarly. Ramesh
it is not so black and white. Every businessman goes thru this question at times when u rforced to deal with the irrationality of the law of the land and tax policies of the likes of PC who never ran ran business himself and the labor laws lobbied by the leftists who only now how to take but never to give anything back to this country. If small businesses are not harrassed by teh government as much some of us would never have to question our decisions 20 years after.
I have a mster's from from IIT, KGP, studied and worked in the US and returned from US much before India was happening. i have my own business and would never trade places.
RE:RE:RE:Job's Better
by Sanjay Bhakat on Feb 03, 2007 09:07 PM Permalink
Dear Mr. Mohan, I understand your predicament and the frustration you must be going thru'. I have started my own business in Thane, Mumbai. Believe me, it sometimes kills me, you have to look for the employee, just when u thought things are okay, one of them resigns and search for another, getting business is not a problem, but handling the human elements is bit tasking and add to that the subjective rules and regulations. Inspite of that, I am batting and with confidence, with each passing day you realise a new way to handle what you coudn't yesterday. And I still remain convinced that doing business is better in the long term than a job.
BTW, I am a FCWA (Ind), CMA (Aus) and CPA(Aus). I am working in Gulf and doing business in India. Imagine my situation, all alone, and people the minute they know me based outside India ... you can imagine the problem how it gets magnified and the way to its solution diminishes. That doesn't means you let your dream slip out. I am continuing batting thast how u build your innings. And I am the only person in my Company to say on my CEO's face, don't give me Increment, let me show you new ways to make money, if u gain I gain, if u loose I loose as well. Even though I am working, its a business I am with my CEO. My only request to all the boarders, believe in yourself and keep batting. You will score runs. U can always reach me to dress your financials ... maybe something your accountant will never tell you at sanjay.businessindia@gmail.com cheers and God Bless.
