Economy

Earlier this year, we found an article on ST bed layout copied almost completely, (with some names changed) in an edition of City Plus, Dainik Jagran's local freesheeter. The article byline was Joel Deepak. Our article written by Samuel Jacob, and published last year is here. We had been copy-pasted! We sent a stern note to the editor, Sapna Khanna. She replied with an apology saying that the freelance writer no longer worked for them, and that they would issue a correction in their next issue. We're quite aware that in media, everyone watches everyone else. It comes with the…

When it comes to buying, renting or selling property, people often take help from estate agents. But who are these real estate agents? Where to find them? The usual answer with most of us is the our typical neighbourhood ‘smart man’, who sits in his one room office with a tin sheet banner proclaiming his real estate agents profile. He will have some helpers (not always) running around on their motorbikes showing the best property available in the neighbourhood. If you do rent the place, he'll (it’s usually a ‘he’) charge you a month's rent as fee, and, if the…

Most old time Bangaloreans will vouch that shopping in the noisy, congested lanes of Chickpete and Balepete is a unique experience and more importantly, easy on the wallet. Bangalore Pete (city), built in 1537 AD during Kempegowda reign, is now a thriving wholesale market. Though most people who visit here are retailers, who buy their supplies at wholesale prices, there is also a huge retail shopping populace who regularly visit for the economical prices and the sheer range on offer.It was a long time since I went shopping in this area; so when my aunt requested me to accompany her…

Form a groupThis is the first thing to do. CSR initiatives are always rooted in small beginnings. So, look around and gather a group of people who are interested in such initiatives. Approach your HR department and higher management with your findings and suggestions. How do you find people? Well, one easy way is to organize a screening of movies related to social initiatives. There are institutions like VisualSearch, FilmsForFreedom and Vikalp, who have social consciousness related films and they would be delighted to give you the copy for screenings.First, do no harmStudy your business and its impact on people,…

Being involved in a community project in colleges through which we try to empower students to make an informed decision of whether to start their own company after they pass out of college, a thought struck my mind a couple of months ago. Students can do this only if they know the ground realities of being an entrepreneur - which is best achieved by talking to one. Part 1 of "Startup Savvy" People say a picture is worth thousand words, I thought, so why not make a documentary film on the life of entrepreneurs? A movie that will not only…

A rather regrettable medical situation arose in Mallya Hospital, one of Bangalore's premier hospitals, two years ago. A patient's life was placed at great peril and she is lucky to be alive today. At the culmination of a case fought and appealed at a consumer forum, the hospital paid the patient Rs.265,588 a few days back. Here's what happened: Early June 2006M G Radha, aged about 58, a housewife and resident of Vidyaranyapura began experiencing bouts of back pain. The pains persisted for about 15 days, and Radha and her family decided to get the condition investigated at Mallya Hospital.…

Many people have dreams that they would like to convert into reality, but more often, as reality meets imagination, it's reality that triumphs. And when someone has gone to all the trouble to study Computer Science at a prestigious university in Boulder, Colorado, USA, and followed that up with a degree from IIM Ahmedabad, one may be forgiven for thinking that here's a young man who will follow the usual corporate path and make a big success out of it. But if Sreeram Vaidyanathan is the young man one is thinking of, one would be quite wrong. "I have always…

Bangalore has many angel investors these days. In the last six months, I have come across several persons and groups who have expressed interest in funding start ups in the city. While this is good news, an entrepreneur needs to tread carefully before accepting money. In addition to the quantity of money, the quality of investment may also be important. Entrepreneurs need to understand what they need. Sometimes it may be more than money; they may need customer contacts and advisory inputs.Entrepreneurs also need to view this from the angle of the angel investor. Why would the angel be interested…

Many persons in Bengaluru are becoming entrepreneurial and venturing on their own. We also have many venture capitalists (VCs) who are here in the city as well as those outside looking to fund promising start ups. However, sometimes, even if an idea is promising and the team is good, the venture may not be ready to go to a VC. Kumar and his start up are a case in point. Gyan, an advisor, was interacting with a group of entrepreneurs and potential entrepreneurs in Bengaluru in late 2006. Kumar was one among the group and asked many questions about how…

Marketing need not necessarily involve cash outflow. Sometimes one can earn money, while reaching out to new customers in the process. Gift coupons, for example, offer you the double advantage of making money while reaching out to new customers. Your existing customers and well wishers can buy these, to gift as vouchers to those who may not have heard of you. We have two such companies in Bangalore who believe in this. Active Canvas, a one of a kind art school for people of all ages, offers a variety of courses and hosts events. It now offers gift coupons. Many…