WIN's Entrepreneurial Initiative -- An Invitation
Max.Nihom at oeaw.ac.at
Max.Nihom at oeaw.ac.at
Sat Oct 21 11:01:32 UTC 1995
Indology is an academic group. Kindly post your commercial crap elsewhere.
> This is an invitation from the Worldwide Indian Network (WIN)
> to all Indians to explore with us the possibility of developing
> effective and successful businesses. Our goal is to lay the
> foundation of an organization within WIN that will facilitate
> communication and collaboration among people of varying skills
> and resources. We intend to foster an entrepreneurial spirit
> among participants leading to the formation of new business
> enterprises.
>
> During the past half century, Indian politicians have talked
> themselves into oblivion. Nevertheless, in each election they
> continue to get mandates from the people to lead the country in
> the same direction. Meanwhile, Japanese workers have built an
> industrial marvel from a heap of ashes. Today, Japanese
> productivity is 12 times that of India, and its per capita gross
> national product (GNP) is 105 times greater.
>
> Following Japan's example would be a good way for India to
> industrialize herself. We have the main ingredient -- India has
> the second largest reservoir of trained manpower in the world
> (behind the United States). What we seem to lack is an
> entrepreneurial tradition which enables us to take risks, and a
> spirit of cooperation which will make teamwork possible.
>
> Henry Ford is the idol of many businessmen; 66 million people
> around the world drive Ford cars every day. Conrad Hilton is
> another idol of many businessmen; 110 thousand people around the
> world sleep in Hilton Hotels each night. What we do not know is
> how many Fords and how many Hiltons failed to realize their
> ambitions. Statistics show that 6.0% of start-ups in the United
> States fail in the first two years. And only 62.4% of new
> businesses are still in existence ten years later. We
> definitely don't want to fall into the wrong side of that
> statistic.
>
> To this end, we need an organization that will bring together
> individuals with complementary skills and a common interest in
> establishing businesses. Unless one has the right combination
> of technical and managerial skills along with a sufficient
> amount of money, the odds are against successfully establishing
> a solo business. If one has technical and managerial skills but
> lacks financial resources, one will need an investor to support
> any potential venture. At the same time, investors and venture
> capitalists need to draw upon people with technical and
> managerial skills.
>
> In addition to the satisfaction we entrepreneurs would
> achieve for ourselves in establishing businesses, we would also
> contribute something to our country. The formation of
> businesses creates jobs; in turn, the creation of jobs fuels
> economic growth and prosperity. A healthy economy can relieve
> the misery and anguish of people by providing them with decent
> jobs and can enable them to prosper by offering affordable goods
> and services.
>
> Productivity -- efficiency or output per person -- will
> definitely take an upward turn once we form businesses. First,
> when a person owns his own business, he will be completely
> committed to its success: he will have a heightened sense of
> responsibility, he will allow himself no excuses. Moreover, a
> creative person, when working for someone else, is not always
> free to explore his own sense of creativity. As a business
> owner, that same person is free to decide the best way to
> accomplish his objectives. He will then act with creativity,
> good judgment, and with full awareness that the success of his
> business depends primarily on his efforts.
>
> Consumers have an enormous amount to gain if productivity
> improves. Efficient production leads to better goods at lower
> prices, and lower prices mean people can have more: more food,
> more clothes, more leisure, more variety, more of everything
> money can buy.
>
> Each time the Government of India has devalued the currency,
> the leaders(?) have come up with a very persuasive argument for
> the illiterate masses: "Exports will improve substantially,"
> they claim. But the facts prove otherwise. From 1979 to 1993
> the rupee has lost three-quarter of its value -- it has
> depreciated from Rs 8.076 to Rs 31.364 to a dollar. During this
> period the cumulative current account deficit of India amounts
> to $64.11 billion. In the same fifteen years, the yen has
> doubled in value -- it has appreciated from Y219.140 to Y111.198
> to a dollar. Japan's cumulative current account surplus for
> this period amounts to $764.47 billion. What the demagogues in
> India fail to realize -- or lack the courage to face -- is that
> the key to improved economic conditions is PRODUCTIVITY. Only
> when productivity increases, do employment, incomes, and exports
> rise. Productivity growth is the engine that drives the long-
> run improvement of living standards.
>
> Two kinds of investors -- those who invest their skills and
> labor, and those who invest their money -- will compose this
> organization. Hopefully, each participant will contribute both
> kinds of investments.
>
> Those who invest their skills and labor will benefit in many
> ways. First, they will eliminate the middleman -- the employer
> -- and receive the total benefits of their labor. If the
> employer pays an employee one dollar he does so only if he makes
> at least two dollars out of the employee. Moreover, because the
> entrepreneurs will be their own bosses, they will derive greater
> personal satisfaction from their work, and they will have
> control over their own destiny.
>
> The investors of money will also benefit in several ways.
> They will receive a higher return on their savings. If a bank
> pays 5% interest, it is certainly making at least that amount
> for itself. By eliminating the middleman -- the bank -- and
> investing directly in businesses, the investors receive the full
> benefit of their savings. Furthermore, they will own a portion
> of a business, rather than simply giving money over to a bank
> for the bank to invest. Thus the investors will have direct
> control over their money.
>
> Finally, the channeling of funds from individuals who have
> savings to others with productive investment opportunities will
> be a tremendous boost for the economy and to the parties
> involved in the exchange. Each investor will have the great
> satisfaction of knowing he is promoting the economic success of
> India.
>
> If you are willing to help your fellow Indians in forming
> businesses, please send an e-mail to win at neu.edu. Use the word
> BUSINESS in the subject line, and your e-mail address (in small
> letters only), home zip code, full name and telephone number(s)
> in the body using the following format:
>
> bhalder at lynx.neu.edu : 02128 : Mr Biswanath Halder H617-567-0667
>
>
>
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