Cashless transaction or transformation

Demonetisation may have positive and negative aspects.  General opinion is, it has practical problems in implementation and middle town business is affected.  Though, government targets for right cause, since implementing this, caught with problems.  In other political views, it suppresses people’s innocence and motivates corporates.  Both side debates are on the way in media.

Initially, Cashless transactions need proper medium.  This would not encourage or develop a business by grapping service tax.  Before fully enveloped in cashless, certain factors to be considered like end-user capability, technology reach out and usage.  A wallet alone is not a solution to cashless economy. 

Transformation is an important aspect needed in an economy.  Goods exchange converted into money exchange, now it is the time for cashless, though it has been proved in developed nations.  But transformation will have problems; it is the responsibility of governance to take essential steps to cover the consequences.  Transformations will happen in all the materials.  Now it is the time for cash.

Online comes to Physical stores

            Ecommerce arrival spread online purchase will catch out the market.  Present situation proves retail will sustain the business cloud.  Online players come to offline also. Players like lenskart, firstcry opened their physical stores across many cities.  They believe virtual presence is important to customers.  Firstcry has more than 100 franchisees and lenskart spread over 25 stores. 
     Virtual try rooms would not provide the satisfaction like touching the products before buying. Moreover niche markets like furniture, baby products and jewelry concentrating on physical stores.  Online stores getting revenues in this platform insisted to concentrate in other side also to  capture the space.  Happiest thing to note is retail business is strong enough whatever competition  comes from other platforms.

     

Reliance Communication and Jio are different

Reliance Communication (RCom) is a separate brand from Anil Ambani.  Jio is a brand from Mukesh ambani.  Both are from reliance umbrella.  After partition of their properties, they started their individual journeys. Before some week when they launched Jio many of us as this confusion.  We approached reliance stores for sim and unfortunately they said to approach Jio stores. This is the occurrence for this article.  Anil ambani plays in finance, telecom, but Mukesh has different sectors like manufacturing and  industrial products.

Mukesh not mentioned reliance in Jio website and its label.  This proves he tries to bring own brand in telecom.  His announcement in investor meeting created a hope.  Though it has many controversies, we need to understand one thing, this is a product and he is doing business.  But it takes time to decide this brand whether reach targeted consumers.

Velumani, Journey of a Scientist to Entrepreneur

A.Velumani is the MD and CEO of Thyrocare Technologies Limited.  He started  his life from a  farmer family.  Velumani marked his signature in healthcare sector.  He started this company with 2 lakhs.  Now it is a 3,300 crores company with IPO as equipped strength.  He is an inspiration for healthcare based entrepreneurs.  Though we know many stories about e-commerce startup heroes and family business icons.  He is different by throwing his Baba atomic research Centre job, started his entrepreneurship journey. 

Beginning of his career, he struggled to get job because lacking of English skill.   He believes in knowledge of candidate rather than language skill.  This is the reason he gives more preference to fresh candidates in his concern.  Presently thyrocare has a network of more than 700 franchises that conduct more than 20,000 investigations daily.  But its laboratory locates in Navi Mumbai.  This confidence and ideology brought success in this industry.   It conducts medical diagnostic investigations to detect various disorders, including thyroid disorders, growth disorders, metabolism disorders, infertility, and various infectious diseases.

He holds graduation in Science from the University of Madras and post-graduation in Science from the University of Bombay.  He also holds a doctorate in philosophy (science) from the University of Bombay.

Education vs Passion

During 70s, BA is the regular degree and in black & white films you can notice.  Nowadays Engineering is the course becomes trend, dual degree is also became fashion with M.Tech, MBA.  One set of group do Masters with B.Ed. for teaching career.  South Indian preferring Engineering, while North Indians prefer B.Com and CA.  They keen on commerce. In Cinema, heroes are portrayed without qualifications, job and they love, marry.  But in real life, experience, qualification are demanded in Interviews. 

Nowadays Actors, directors are mostly from engineering and MBA background.  Youths prefer to study one degree and choose their unrelated but career based on their passion.  It may or may not be good.  But choosing subject and interested career should be done with schooling itself.  In medicine, due to private institutions, it is available to all the classes. Entrepreneurship is a trend for Fresher’s, when they are questioned in final year.  Due to pressures in society, family, their business dreams converted into a job. 

The Trend might change, but skill is an important for the upcoming era.  Population mixed with competition is the threat not the course.  Media is always negatively view on Engineering, medicine and create disclosed fear among the students.  Course is not about just a degree, it must be come up with the personal interest.

Information Technology-Services to product Business

Information technology is an interesting area which developed from a single spark.  Its development accelerated business and life within technology.  IT started from converting manual works to computerized task through applications.  Applications converted into web services.  Then its sub hub BPO came with handling calls by adopting technology.  Foreign clients are handled from outside home country.   KPO came with handling knowledge with IT support.

After Internet arrival, IT business travels in website maintenance, design, support, ERP and server maintenance.  Service projects are taken away by top MNC’s from banks, retails.  These are the projects spread across metropolitan cities and changed the earning style.   For the past two years, services are converted into product business.  Mobile App creation changed it as product industry.  Food ordering (faasos.com), ticket booking, searching houses (housing.com) are some realities possible through mobile. 

Business intelligence, Cloud computing, big data concepts also joined in the new era and it is also a demanding career.  Every decade IT business is changing, what will be the next business involved in it, is an interesting expectation.