First Generation Entrepreneurs

The idea of having a series of posts on first generation entrepreneurs has been on my mind for quite some time. It amazes me how people without any background in business and almost nil support from their forefathers (in terms of experience as well as finance) manage to take the leap of faith. From my personal experience it is a very crucial and adventurous decision for a first generation entrepreneur to decide to be so. I have met and closely known various such businessmen across industries. I will share the journey of these men and my thoughts about them & their business in days to come.
I hope I am able to maintain some consistency and write on at least one entrepreneur every week. Look out for my posts with label FGE aka First Generation Entrepreneurs. :-)

Comments

Community Supported Agriculture

Most products have the cost of failure built into the price of the product. For example, a film. When a film gets made, there are so many things at stake, that the all these risks are covered by the premium on the ticket. If a film ticket was prices simply by dividing the cost + profit by the number of people watching, it would be pretty cheap. Or consider for example, the price of a car. The insurance premium that the manufacturer pays is built into the cost of the car. Or say a doctor, who conducts very risky operations get paid highly...and now you ask what's the point?? The point is, this doesn't happen with a farmer.A farmer faces all the vagries of nature or monsoon. Alll his risks are unmeasurable and unpredictable. But does he get to decide his pricing? Why does market not behave perfectly when it comes to agriculture? Why doesn't the theory of high risk - high return apply to agriculture? How does a farmer hedge his risks then is the main question! The answer as I ...

|| Rashtriya Swayamsevak Sangh ||

What we are today is a function of our environment through our past. Our parents, teachers, relatives, neighbours are our key influencers. One such influencer in my life and in the life of millions in this country is Rashtriya Swayamsevak Sangh or the RSS. This organization established in 1925 has a very interesting history . Established with a aim of nation building, the initiative had no trace of fundamentalism in it. Started with a clear cut nationalistic view, and on time tested values of ‘simple living-high thinking’, the organization spread like a wild fire. Then happened, what was destined to, for an organization that was all-inclusive, had no political representation or was based on non-sensational issues (like religion, cast or region). What RSS is today (or is perceived to be) is certainly not what it was (or is) meant to be. I, as an individual, strongly believe in the RSS, its motives, its structure and its values. I feel being a part of the Sangha and consider myse...

Why people break rules

This is a topic I have been thinking over for some time. It is disheartening to see that breaking rule is becoming a norm across our country. As per a recent news article that is what even the government is observing. We dont need anybody's statement to testify this as we see it all around us. This post is an attempt at understanding why the law of the land is broken? Let us first try to understand why laws or rules are brought into place. A rule is an attempt to make the playing field level. It identifies a set of criteria based on which decisions will be taken in a system. Forming a queue is the simplest form of rule. It identifies first come first serve basis for serving a person, no parking zones are meant to be kept free for free traffic flow so on an so forth. Becauase rules are more like cartels . The member who deviates has an incentive to do so than what he would achieve by staying in the cartel. There are certain market conditions in which cartels work. I will not get in...

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