[xcoolaryan]

Originally Posted by fujisan08

Slightly off-topic question I guess, but I set up my own business and have been working at it for over a year. If this is the only work experience I have, how am I supposed to show this to the interview panel assuming I get called for an interview? In place of offer/joining letters and payslips that salaried employees show, what am I supposed to show?

Also does my company need to be incorporated for it be to recognized as entrepreneurial work experience? Thanks, waiting for answers.

Update : My college has never really looked into the work-ex certificate into admission process.

But when placement process is about to start, they ask for all kinds of documents that essentially proves that business do exist.

So my advice is, simply get a Shop Act certificate (It cost Rs. 300/yr + initial bribe to officer). No college can object when you submit it.

PS : you can show your residence address as business address to get Shop-Act & no body can object.

[the_hate]

Sorry have not gone through all the posts..please give me the links if this q's has been answered before...
what is the ideal/recommended time for a startup to break even (1year...2 year...like that...)
i know it depends on size of startup,domain and various other factors..
still an estimated ideal time...

thanks for kind help...

P.S.- please do post any links on web that discuss this issue...

[xcoolaryan]

Originally Posted by the_hate

what is the ideal/recommended time for a startup to break even (1year...2 year...like that...)
i know it depends on size of startup,domain and various other factors..
still an estimated ideal time...

Dude, don't you think Ideal time should be from Day 1.

No, I am not joking. Believe me this is possible. I am unable to come with example here, but I have read stories where business started breaking even from day one because invested capital was very low or because it was VAS etc.

Your ideal / recommended aim should be to break even asap.

[xcoolaryan]

Rich Dad Poor Dad I am sure almost everyone have heard of him or read his book.

Btw, have you checked it's forum? it got some very good post regarding Entrepreneurship and how to get started. Do check it out.

Creating a MUST READ Book List
University Student, Tried MLM, What Next ???
What is Fear And How To Overcome It

[Neo2000]

Originally Posted by xcoolaryan

Rich Dad Poor Dad I am sure almost everyone have heard of him or read his book.

How many of you'll have read this??

John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad

The Simple Dollar Review: Rich Dad, Poor Dad

[xcoolaryan]

Originally Posted by Neo2000

How many of you'll have read this??

John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad

The Simple Dollar Review: Rich Dad, Poor Dad

Yeah, I been through these links and many more that criticizes Robert Kiyosaki Books.

But imp point here is that his book are inspirational and they do what they intends to do.

So I still believe there's lot to gain from them, even when book contain many factual errors and numerous extremely unlikely accounts of events that supposedly occurred.

[gvi.shekar]

V N Dhoot (CMD, Videocon) advice to entrepreneurs in todays ET.

>What will separate you from the rest is your attitude

>An entrepreneur is excited by the opportunity element
>Learn to compete on ‘unlevel’ playing fields

>Whatever role life gives you, play it big
>Keep reinventing yourself from time to time


10 reasons to startup during a slowdown

When times are tough, founders are forced to refine their
thinking. This can improve their business plan.

A slowdown forces founders to be frugal and disciplined.

Having limited money leads to out-of-the-box thinking
and cost cutting too.

Necessity is the mother of all invention, and nothing
creates necessity like a downturn, especially in terms of
saving costs and selling goods cheaper.

A downturn also means cheaper and better talent in the
market to pick and choose from.

Downturns help businesses become more efficient.

Also, a slower real estate market might mean it is easier
and cheaper to set up an office.

Some businesses looking at scaling up this might be a
good opportunity to introspect.

These are times that great teams are formed and these
people will stick around even when the tide turns.

And finally, startups that launch in these times get a

headstart. Surviving through these times will give you a lead

[gvi.shekar]

Originally Posted by the_hate

Sorry have not gone through all the posts..please give me the links if this q's has been answered before...
what is the ideal/recommended time for a startup to break even (1year...2 year...like that...)
i know it depends on size of startup,domain and various other factors..
still an estimated ideal time...

thanks for kind help...

P.S.- please do post any links on web that discuss this issue...

The most ideal time would be 3 years. This the minimum number of years you are supposed to do cash income projections for in the business plan.

[naga25french]

Originally Posted by Neo2000

How many of you'll have read this??

John T. Reed's analysis of Robert T. Kiyosaki's book Rich Dad, Poor Dad

The Simple Dollar Review: Rich Dad, Poor Dad

well most people criticise robert kiyosaki books

but then those books are too inspirational

apart from rich dad poor dad,

why we want you to be rich is another book which is quite motivating .. jus give it a read

official website of book
its millionaire meeting billionaire :P

ps : if any of u need the ebook pm me ur email id ..

cheers
naga

[xcoolaryan]

Yeah "why we want you to be rich" is a good book.

Another one of my fav is Cash Flow Quadrant.

Btw, naga25french I have PMed you my email id along with list of books I am looking for.