Many things in life always sound better in theory.

• “I’m going to save my money, buy real estate, and live off the rent money.”
• “I’m going to start a blog, sell courses, and live off the passive income.”
• “I’m going to open a yoga school and only work a few hours a day.”

Alright, that’s great. I’ve talked about putting in the work many times before. I’m not going to do that again. We know that by know.

So let’s assume you are putting in the work. And to be honest, I’m pretty sure you’re taking your career seriously. Why else would you read these types of articles, right?

However, we also want to live a good life. I believe that life is meant to be enjoyed. Richard Koch, the author of the seminal book The 80/20 Principle, said it best:

“Do the things that you like doing. Make them your job. Make your job them.”

Let’s be honest here. If you’re currently not enjoying your life, and you’re not waking up every morning with a sense of excitement, you need to do something about it.

You deserve to live a good life. The people in your life deserve that as well. In fact, we all deserve that. No one wants to live or work with a pessimist.

And in this article, I want to share one idea with you that has made a tremendous impact on the quality of my life. In his book, Richard Koch talks about how 20% of activities result in 80% of our happiness.

It’s a term, originated from the economist Vilfredo Pareto, that was coined by Joseph Juran. Pareto found that 80% of the land in most countries was owned by 20% of the population.

But that idea goes beyond wealth distribution. Richard Koch applied it to everything, from business to happiness. And not everything has to be distributed 80/20. Some things are distributed 90/10 or even 99/1. The point is that cause and effect is not a 50/50 relationship.

For example, 100% of my happiness comes from only one measure: My personal energy.

Understanding the impact of mood on happiness

I’ve been thinking about this concept for a long time. I always want to know how and why things happen. So I ask myself things like:

• Why am I in a good mood today?
• Why am I in a shitty mood today?
• Why am I happy in this moment?
• Why am I stressed right now?

To answer those questions, I keep a journal. If you’re a regular reader of my blog, you know I’m a big advocate of journaling. I also wrote an article about my journaling system.

And recently, I finally discovered a pattern. How I feel is determined by my personal energy.

• High energy? Good mood, feeling confident, looking forward to the future, chest up, smiling, enjoying myself, and doing whatever I like.
• Low energy? Bad mood, sad, afraid of the future, timid, shying away from eye contact, worrying, etc, etc.

Now, you might think that’s pretty obvious. But no one ever taught me to manage my energy. Not in school, not at work, and not in business. But managing it has made a big impact on the quality of my life.

“So how do you manage your personal energy?”

In practice, it looks like this. Ask yourself:

1. “What activities destroy my mood and drain my energy?”
2. ”What activities make me feel good and give energy?”

Before the childish folks go out and say, “I love partying and spending all my money,” I want to say that if you want to be smartass—go and do that somewhere else.

Here’s an example of what I mean. I think writing is a hard and tedious activity. I don’t enjoy it at all, to be honest.

However, after I do it, I feel good about myself, and it gives me a lot of energy. So that makes it worth it to me. So it’s not about avoiding hard things. It’s about looking at the results activities have on your mood.

Here are two other things I’ve learned about managing your personal energy.

• Identify 20% of the activities that bring you the most results for every aspect of your life.
  Look at your relationships, business, health, money. Then, focus on doing more of the activities that improve those aspects.
• Continuously re-evaluate.
  Get feedback. Journal. And always ask yourself whether you’re on the right track. Life is not static. You must adjust your course manually. There’s no autopilot. So always take time every day to reflect and look forward.
• You don’t have to be in a good mood all the time.
  That’s not realistic. I aim for being in a good mood 95% of the time. Also, you can be in a good mood and go through difficulty. Life is tough. So It’s better to be in a good mood to make it easier.

Look, life is long. And if you play it right, you can do most of the things you always wanted. You just need to have patience and manage your energy so you can ENJOY the things you do.

Start now by asking yourself: “What’s the one thing I can do today to improve my mood?”

Ask yourself the same question tomorrow.

And the day after that.

And so forth.

My general opinion about productivity apps, tools, and resources is this: It doesn’t matter. I say that because most people hide behind their apps. We’re always looking for the ONE app that will turn us into a productivity monster.

Or we believe that tools or other resources will help us do better work. YouTuber and filmmaker Casey Neistat makes this point very clear, he says:

“The gear never matters. Tell a great story really well, and people will forgive whatever gear you shoot it on.”

When it comes to writing, Stephen King has a similar approach. Whenever he’s asked about tools, he doesn’t even answer. If you want to become a better writer, he says:

“You learn best by reading a lot and writing a lot, and the most valuable lessons of all are the ones you teach yourself.”

I’m sure you know there’s only one way to get things done: Put your head down and work hard. But often, we still think these type of thoughts:

• “A new laptop makes me more productive.”
• “This app helps me to get more done.”
• “The newest DSLR camera makes me a better photographer.”

These are all reasons we procrastinate. Now, of course, tools matter. But they are not the determining factor. You are.

It’s not about the resources you have; it’s about what you do with them. Life is about resourcefulness. And that’s the point people like Casey Neistat and Stephen King want to make.

What you’ll find next is a list of 7 of my favorite apps and how I use them. When you use the tools in the right way, you can easily save 10 hours per week.

1. Grammarly

If you’re reading this, you’re probably a knowledge worker. And a knowledge worker’s primary weapon is her words.

I strongly believe that if you want to become a better communicator, it all starts on paper. Learn how to think and write well, and you will ultimately become better at speaking, sales, copywriting, programming, doing interviews, leading, etc.

The very words you use are EVERYTHING in how you conduct yourself. Especially in an increasingly digital world where people shy away from face-to-face contact.

And Grammarly is the best productivity app to help you with communicating. Most people think a grammar checker is only for writers.

But I mainly use Grammar’s browser extension for daily use. I use it for writing emails in Gmail, responding to comments, or any other site I have to write something.

I also edit my articles with Grammarly (they also have an MS Office add-on). It checks for passive voice, grammatical, spelling, and punctuation mistakes.

All in all, this app saves me about 30 minutes a day in sheer brainpower. With Grammarly, I can just focus on writing and communicating my message; they do the rest.

2. Blinkist

Reading improves focus, productivity, creativity, and it reduces stress. The benefits are so great that it makes you think everybody should be reading books like crazy.

Nope.

23% of Americans have not read a single book in the past year. And the number of books people read per year are also not pretty. Only 28% reads more than 11 books per year.

And I get it. Reading takes time. Plus, one of my main challenges is to select which books I’m going to read.

In the past, I’ve often bought books, and quit them half-way through because they were not useful or interesting. That costs me time and money. That’s frustrating, especially because you can only read so many books every year.

If you’re like me, your reading list grows faster than you cross off books, and that’s a problem. Why? You want to read the RIGHT books. You want to read books that make you grow; personally, professionally, financially.

And I’ve finally found a solution to the question of: “What book should I read next?”

Blinkist creates quality summaries of non-fiction books. Every day I read one book summary, and if I want to learn more, I get the actual book. If not, I just eliminate the book from my reading list.

You have to be realistic; you just can’t read all the books in the world. And it’s important to figure out how you decide which books you’re going to read.

Also, I don’t rely on reviews to select books because a book that’s useless to you can be valuable to me.

3. Trello

• “What should I do next?”
• “I’m bored.”

You should eliminate those two thoughts from your head. Why? Because they plant the seeds of something that’s called: WASTING TIME.

I use this productivity app as a backlog of tasks that I have to do. If you don’t know Trello; it’s a versatile project management tool that can be used in many ways.

With Trello you can create ‘boards’ for every project you have. And on every board, you can list all the actions you have to complete for that project.

Every week I take some time to update my projects. That helps me to improve my focus, so I know what I have to do.

Whenever I don’t know what to do, I open Trello: There’s ALWAYS something to do.

4. Feedly / Medium

Browsing blogs remains one of the main sources of wasting time for most of us. I have a simple tip for you: Stop clicking on articles you see in your social feeds.

Most people open Facebook, Twitter, or even news sites, and they click on anything thing that looks slightly interesting.

DON’T.

Instead, make a list of 5–10 blogs/authors you love to read. Then, add them to Feedly or follow the bloggers/publications on Medium. Every day, only read your articles through Feedly and Medium.

This saves at least 1 hour of mindless browsing per week.

5. Office 365 / Google Docs

I still meet a lot of entrepreneurs and freelancers who don’t work in the cloud. If you’re one of them, you’re wasting a lot of time.

Just the few minutes it takes to open files from folders, save them on external drives, or share your documents with others, adds up quickly.

A few minutes here and there become a few hours a week, and hundreds of hours per year.

I use Office 365 because I like to work offline too (plus, I’m a little old school — I’m used to Office). But Google Docs also works well.

Let’s keep this short: If you’re not working in the cloud, it’s time to move there.

I save about 1 hour per week by having easy access to all my documents (on all my devices) in the cloud. I only focus on working and sharing documents, spreadsheets, and presentations.

I don’t want to think about anything else that’s involved with productivity. And that’s what these productivity apps are great at.

6. The Free Calendar App On Your Phone

Forget about to-do lists, fancy productivity apps, or anything else that promises you to get shit done.

There’s only one thing that helps you to get things done: Your calendar.

It’s so obvious that most of us ignore it. We prefer fancy looking to-do lists with all colors of the rainbow, and that make sounds when you check off an item.

The research is clear: To-do lists don’t work. And yet, most people stick to them.

Ditch the to-do list and use your calendar as your number one productivity tool. Take some time to plan your week. Ask: When will I do what? Then, schedule it in your calendar. I do this exercise every day.

I promise that it will save you at least 15 minutes a day of updating your to-do list.

7. Tomighty

I love working with the Pomodoro method. Research shows that it improves focus and the quality of your output.

Whenever I don’t use an app like Tomighty, I just waste hours every day. This app can easily save you one hour per DAY.

How? When you work in intervals, you get more done in less time because of the improved focus.

In total, these 7 productivity apps will shave at least 10 hours off your week. And with practice, you can even double your time savings.

As you might have noticed, productivity is all about eliminating time-wasting activities, and improving your focus.

In that way you get the RIGHT things done, and you ultimately save a lot of hours every week.

Start living more consciously of your time and productivity: Save your time for other, more important, things.

If you do that, you can use those precious hours with your family, friends, spouse. Or you can spend the time to improve your skills.

Because at the end of the ride, when you’re on your deathbed, you won’t think about all apps, tools, or resources you used. No, you’ll reflect on all the great things you did with them.

So what are you waiting for? You have the tools you need to be successful. Only thing left is this: Go out and DO things with the resources you have.

People who claim that setting goals are a bad thing are out of their minds. They probably set some goals in the past, failed, and never set a goal again.

I know there’s a lot of confusion about goals and systems these days. I’ve contributed to the confusion as well.

A lot of us share the idea that you either have a system or set goals.

But thinking “this or that” is not helpful because it limits our beliefs. I know this because I used to think that way too. But then, I learned that many things in life could be this and that.

So in this article, I’ll explain why goals and systems complement each other, and why I have both.

But first, let’s start with the definitions.

• A goal tells you where you’re going tomorrow
• A system tells you what to do today

Makes sense? There is a clear difference. A system is a collection of tasks and strategies that help you to function. And setting goals can be part of that system.

1. Why you need goals

Every time I read about people who claim you shouldn’t set goals, I get upset. It’s possibly the worst advice one could receive.

When someone is telling you not to set goals, they are essentially saying you should stop moving forward.

Goals are inherent to human nature. We thrive on progress. We need something to strive for. If we don’t have a vision of what our future could look like, why would we do anything at all?

It’s the classic question that philosophers and scientists have examined since the start of modern civilization. Over and over again, we’ve learned that we need goals to grow.

Let’s stop and think about that for a second. Why are we alive? I say we’re here to live a useful life. That’s what makes us happy; as a result, it makes our life good.

However, setting goals is not an easy skill. In the past, I would set goals that I had zero control over.

“I want to make a million bucks,” you might think.

Alright, great. But here’s the thing, you don’t control the rewards you get. What do you control? Your effort. So, it’s better to set goals that are related to your effort.

• How many books are you going to read?
• What degrees will you get?
• How many potential mentors will you reach out to?
• How many articles/books/videos/songs will you create?
• How much of your money are you going to invest?

You see, these types of questions are related to goals that you can influence. That’s the way to go.

2. Why you need systems

Systems have different meanings to people. For example, Scott Adams, the author of How to Fail at Almost Everything and Still Win Big, did a great job explaining how systems work for him. He doesn’t set goals and only has systems. That’s not how I look at it.

Once we set goals, we know that we have to put in the work to achieve them. That’s when systems come into play.

It comes down to this: What do I need to do EVERY DAY to achieve the goals I desire?

Let’s say you want to become financially independent by age 50. You might think:

• I need to save at least 30% of my income
• I need to increase my income yearly
• I need to be mentally strong so that I can do my job
• I need to be in good shape, so I don’t get ill and have high energy
• I need to learn every day, so I get better at my job
• I need to look at my goals every day to remind myself of where I’m going
• I need to reflect on the past to learn and be grateful for where I am

Alright, congratulations. You have created a system. When you do the above things, you will make progress, no matter what.

One thing we must be aware of is that we keep an open mind: Goals and systems change all the time. Don’t fixate on one thing for a long time. Change your goals and systems as your priorities change.

3. Why you need higher goals

We’ve established that we need both goals and systems to live a good life. Here’s what I’ve learned over the past few years.

Set higher goals!

No, you don’t need to make 10 million bucks. That’s just your superficial brain speaking for you.

Set the bar higher for yourself.

• Become the best at your job.
• Become stronger, fitter, and smarter than ever
• Have divine relationships

Go beyond where you currently are. I like how Jordan Peterson puts it in his immensely popular book, 12 Rules For Life:

“You should never give up the better that resides within for the security you already have.”

Yes, why would you deserve anything but the best? Because you’re afraid of losing what you have? That’s not a good reason to live a timid and mediocre life.

When we aim low, we deserve to receive low. When we aim high, we might fail, but we still have a better life than people who aim low. Because of the failure of someone who aims high is much more profound than the life of someone who aims low.

“Yeah, but I don’t need much.”

Well, that sounds like a pretty high aim for me. It’s funny to me that people pretend like “being content” is easy.

Being grateful and content is the highest aim in life.

You know what’s low? Complaining, being ungrateful, consumerism, anger, doing nothing, etc.

Aim high. Live a life of contribution. Dedicate yourself to knowledge and self-study. Help yourself, your family, and your community. That’s the highest goal one can set.

So, do yourself a favor, sit down for 10 minutes, and think about this:

• What are your goals for this week?
• What are your goals for this month?
• What are your goals for this year?
• What are your goals for next year?
• What are your 3-year goals?
• What are your 5-year goals?

I guarantee that you will feel ecstatic about life after you’ve done this little exercise. Go!

I’ve also published a podcast episode, where I talk about 2 books that I recommend reading about goals and systems. 

Individuals utilize online media with fluctuating amount, enthusiastic, and social attachment that might have differential relationship with mental wellbeing results. In this examination, we tried to distinguish unmistakable examples of web-based media use (SMU) and to survey relationship between those examples and despondency and nervousness indications.

In October 2014, a broadly agent test of 1730 US grown-ups ages 19 to 32 finished an online overview. Group examination was utilized to distinguish examples of SMU. Discouragement and uneasiness were estimated utilizing individual 4-thing Patient-Reported Outcome Measurement Information System (PROMIS) scales. Multivariable calculated relapse models were utilized to survey relationship between bunch enrollment and sorrow and anxiety.The online media stage Instagram stood out as truly newsworthy last year for stifling preferences with an end goal to check the examinations and hurt sentiments related with joining prevalence to sharing substance. However, do these endeavors battle mental medical problems, or would they say they are just applying a bandage to an injury?

It’s a little positive development, an analyst at McLean Hospital who works with youth who experience uneasiness problems, about Instagram’s new limitation. “Regardless of whether you eliminate the preferences, there keep on being openings for examinations and input. Individuals actually can contrast themselves with others, individuals actually can post comments.”

To help confidence and feel a feeling of having a place in their groups of friends, individuals post substance with the expectation of getting good criticism. Couple that happy with the design of possible potential compensation, and you get a formula for continually checking stages.

While assessing others’ social movement, individuals will in general make correlations, for example, “Did I get however many preferences as another person?,” or “For what reason didn’t this individual like my post, yet this other individual did?” They’re looking for approval on the web that fills in as a replacement for significant association they may somehow make, all things considered.

FOMO—dread of passing up a major opportunity—likewise assumes a part. In the event that every other person is utilizing online media locales, and in the event that somebody doesn’t participate, there’s anxiety that they’ll miss jokes, associations, or solicitations. Missing encounters can make uneasiness and sorrow. At the point when individuals look on the web and see they’re avoided from a movement, it can influence contemplations and sentiments, and can influence them truly.

A 2018 British examination tied web-based media use to diminished, upset, and deferred rest, which is related with wretchedness, cognitive decline, and helpless scholastic execution. Web-based media use can influence clients’ actual wellbeing much more straightforwardly. Analysts know the association between the brain and the gut can transform uneasiness and misery into queasiness, cerebral pains, muscle pressure, and quakes.

Kargil war was a very difficult time that our country went through. Furthermore, it was a crisis situation that ensued a feeling of nationalism, patriotism, and unity among every Indian. Kashmir is a beautiful region that resides in an extremely mountainous area, containing some of the highest peaks in the world. Unfortunately, this amazing land has remained a constant battleground between the two countries of India and Pakistan.

The dispute began from the First Kargil War in 1947-1948 which led to the establishment of the LOC, line of control. The LOC still divides the land of Kashmir between India and Pakistan. As part of the Simla Agreement in 1972, there was an agreement that neither India nor Pakistan would contest the border by making use of military means. Since the agreement, both countries began guarding the border heavily for the majority of the year. During the exceedingly cold winter months, both the Indian and Pakistani guards abandon their posts, only to return back in the spring.

However, during the winter of 1998-1999, a surprise attack took place from the Pakistan army and it became successful in crossing the LOC and into India’s portion of Kashmir. Moreover, slowly and gradually, they went on capturing one Indian outpost after another and held their position in Kargil.

In February 1999, at the same time as the winter invasion, the Lahore Declaration was being signed between India and Pakistan which was based on peace. After a few months, the Kargil war began between the two countries. Furthermore, a series of bloody battles were fought between the two nations of India and Pakistan.

The battles posed a huge challenge for the Indian forces as they had to fight on difficult mountainous terrain. In spite of this challenge, the Indian soldiers showed amazing bravery. After a long struggle, the Indian army became successful in pushing back the Pakistani forces across the line of control.

RISE OF NATIONALISM

By July 14, 1999, there were heavy causalities on both sides. However, the sacrifice of Indian soldiers was not in vain. This great struggle of the Indian army has carved a place in the heart of every Indian.

The entire Kargil war was a time of tension and nervousness for the Indian people. It infused the spirit of national pride in every Indian. Most noteworthy, it served as an opportunity of unifying all the Indians together irrespective of caste, colour, religion, language etc.

CONCLUSION

The Kargil war has become an unforgettable event in the history of India. Nevertheless, this was an event that brought about feelings of patriotism in the hearts of every Indian like never before. The brave struggle of the Indian soldiers will continue to be an inspiration for all the citizens of this country

INTRODUCTION

The Indian Partnership Act, 1932 came into effect on the 1st day of October 1932 and was passed in 1931. This Act replaces the previous Indian Contract Act, Chapter XI, 1872.

It’s not comprehensive legislation. It is aimed at defining and amending the law of partnership. A partnership arises from a contract and thus the partnership agreement is not only governed by the provisions of The Indian Partnership Act, 1932 in that context, but also by general contract law in cases where no specific provision is made under The Indian Partnership Act, 1932. The Indian Partnership Act, 1932 expressly provides that unrepealed provisions of the Indian Contract Act, 1872, remain in force except in cases where it is inconsistent with express provisions under this Act. The provisions of the Indian Contract Act also apply for a partnership contract, hence the provisions on offer and acceptance, consideration, free agreement, legality, etc. On the other hand, the minor’s position is governed by the provisions of The Indian Partnership Act, 1932, a special provision is contained in Section 30 of the Indian Partnership Act, 1932.

SCOPE OF THE INDIAN PARTNERSHIP ACT

 the scope of a partnership is primarily a matter of partners’ intentions. The application of the powers it chooses to exercise at any time is not restricted except prohibition on illegal, immoral or fraudulent behavior that applies equally to individuals.

1. If consent is given by the constituent company’s partners, a partner may itself be a member of another company.
2. If the contract appears to be authorized or ratified by all partners, there usually is no further question as to its validity.

The cases where the partnership contract validity issue arises is where one partner made the contract without specific authority from his co-partners. Their implicit scope of partnerships may be divided into non-trading and commercial classes. Partners of either type can exercise certain powers in partnership. A partner can thus retain a lawyer to safeguard the interests of the company.

ESSENTIAL ELEMENTS OF PARTNERSHIP ACT

he essential elements of a partnership are the features that must be present to validate a partnership:

• Association of two or more persons

To form a partnership, there must be at least two people. All partners must be contractually competent. Therefore, the company is said to be dissolved if the number of partners in a company is reduced to one.

There are no limitations on the maximum number of companies in The Indian Partnership Act, 1932. Nevertheless, the Indian Companies Act 2013 establishes a limit on the number of  partners in a company as follows:

• For banking business, partners must be less than equal to 10.
• For any other enterprise, partners must be less than equal to 20.
• The partnership becomes illegal if the number of partners exceeds the limit.
• Agreement among the Partners

Section 5 of The Indian Partnership Act, 1932 states that “The partnership does not arise from the status of the law or the operation of the law but is the result of the agreement”.

The partnership is established by an agreement between two or several persons, i.e. a partnership agreement. An agreement may be either express (oral or written) or implied. Therefore, a partnership does not exist by status but by agreement. Rights and Duties of partners are defined as per agreement.

• Existence of Business Activity

The business has to be ongoing and legally binding. The partnership’s main motto is to operate and make profits. Partnerships are therefore not considered for people who work together for social or charitable work.

• Sharing of Profits

The main goal of a company is to earn a profit. These profits are shared in a pre-decided ratio among the partners.

If a person is not entitled to share income, he cannot be called a partner. But a partner is not liable according to an agreement to share the losses.

• Mutual Agency

Relations with a mutual agency means that all or any partner must conduct a company’s business. A partner is an agent of the other partner and can thus bind another partner through his act. A partner is also principally responsible for the actions of the other partners of the company

  Types of partnership

• Partnership at Will

If there is no clause to establish a partnership at the expiry of such a partnership, it is referred to as a partnership at will. In accordance with Section 7 of The Indian Partnership Act, 1932, two conditions have to be met for a partnership to be a partnership at will and they are:

• There is no agreement on a fixed period for the existence of a partnership.
• No provision is made for establishing a partnership.

If a partnership has been established and continues to operate beyond the fixed period, the partnership will become a partnership at will after the end of that term.

• Particular Partnership

A partnership can be formed for ongoing business or for a particular purpose. If the partnership is only formed to carry out one company or complete one undertaking, it is known as a particular partnership.

The partnership will be dissolved after the completion of the said venture or activity. The partners may, however, come to an agreement to continue the said partnership. But in the absence of this, when the task is complete, the partnership ends.

• Partnership for a Fixed Term

Now, during the establishment of a partnership, the partners may agree on the duration of this arrangement. This would mean that the partnership was established for a fixed period of time.

Therefore, such a partnership will not be called a partnership at will, it will be a partnership for a fixed term. The partnership ends after the expiration of such a duration.

However, there may be cases where the partners continue their business even after the expiry of the duration. They continue to share profits and there is a component of a mutual agency. Then in such a case, the partnership will be at will.

• General Partnership

When the purpose of forming the partnership is to carry out the business in general, it is said to be a general partnership.

Unlike a particular partnership, in a general partnership, the scope of the business to be carried out is not defined, so all the partners are accountable for all the actions of the partnership.

NATURE OF PARTNERSHIP

When two or more people join hands to set up an enterprise and share its gains and losses, they are said to be in partnership. Section 4 of the Indian Partnership Act 1932 states partnership as the ‘association between people who have consented to share the profits of an enterprise carried on by all or any of them acting for all’.

People who have entered into a partnership with one another are independently termed as ‘partners’ and comprehensively termed as ‘firm’. The name under which the trade is carried is called the ‘name of the firm’. A partnership enterprise has no distinct legal entity, apart from the partners comprising it. Hence, the vital features of the partnership are:

• Two or More Persons: In order to manifest a partnership, there should be at least two persons possessing a common goal. To put it in other words, the minimal number of partners in an enterprise can be 2. However, there is a constraint on their maximum number of people. By the uprightness of Section 464 of the Companies Act 2013, the Central Government is authorised to stipulate a maximum number of partners in an enterprise; however, the number of partners cannot exceed 100. The Central government has stipulated the maximum number of partners in an enterprise to be 50, under Rule 10 of the Companies (Miscellaneous) Rules, 2014. Hence, a partnership enterprise cannot have more than 50 people (partners)
• Agreement: It is the outcome of an accord between 2 or more people to regulate business and share its gains and losses. The agreement (accord) becomes the basis of the association between the partners. Such an agreement is in the written form. An oral agreement is evenhandedly legitimate. In order to avoid controversies, it is always good if  the partners have a copy of the written agreement.
• Sharing of Profit: Another significant component of the partnership is, the accord between partners has to share gains and losses of a trading concern. However, the definition held in the Partnership Act elucidates – partnership as an association between people who have consented to share the gains of a business, the sharing of loss is implicit. Hence, sharing of gains and losses is vital.

” As a child we always to grow up fast, but now we realize that incomplete homework and broken toys were far better than unfilled dreams and the world outside”. As a child grows so do his tension and responsibilities. Well this cannot define the difference between the school life and collage life but provide us a sufficient outline. We always wanted to grow up fast like our parents so that no one can scold us or instruct us to do anything.

In school life there are tension of studies rather I would suggest that if we take up studies as daily routine like bathing, eating etc. then we would feel relieved of this tension. In school we have teacher to support us like a mother and expects u to be disciplined so that we are on the right path of a bright future. We enjoy a lot under the motherly warmth of our teachers at school.

we always wanted freedom, we used to think it exist. Does it? Yes it does. it exist in the frank discussion with our teacher in school. It exist in the fight over over stupid matter with friends in school. It exist in playing pranks with friends and teachers in school. It exist in passing a lovely smile to teachers for even the gravest mistake in school.

when at school, we feel that we are bound by many rules and regulations and once we will reach college we will be free bird, no teacher will force us to attend classes, no uniforms etc. But no, we are under a false notion. At college we may be misguided and go astray without the supervision of teachers. There the students who care for studies have to keep themselves updated and are bound to attend classes whether they wish to or not because attendance does matter and carries marks! In collage you are best judge of good and bad. The so called freedom is a merge because responsibility of your actions lies in you. I am in college and I know the freedom out here it is illusion.

However it is school life which gives us the real freedom to live in cocoon of care, concern and commitment of our teachers. The best phrase to sum up school life would be free life.

As a man was passing the Elephant , He suddenly stopped , confused by the fact that these huge creatures were being held by only a small rope tied to their front leg . No chains, no chains . It was obvious that the elephants could ,at anytime , break away from their bonds but for some reason , they did not. He saw a trainer nearby and asked why these animals just stood there and made no attempt to get away .” Well” , trainer said , “when they are very young and much smaller we use the same size rope to tie them and at that age , it’s enough to hold them. As they Grow up, they are conditioned to believe the rope can still hold them , so they never try to break free .” The man was amazed . These animals could at any time break free from their bonds but because they believed they couldn’t , they were stuck right where they were . Like the Elephants , how many of us go through life hanging onto a belief that we cannot do something , simply because we failed at it once before? Failure is part of learning ; we should never give up the struggle in life . A short motivational and short epic story ………..