Category: Business

CAPITAL STRUCTURE

Capital structure signifies the composition of the amount of long-term financing and according to Gerstenberg, “Capital structure means the types of securities to be issued and the proportionate amounts that makeup capitalization”. Long term finds can be obtained from owners and borrowers. The owner’s fund consists of equity shares, preference shares, and retained earnings. Borrower’s fund (debt capital) includes debentures and other long term borrowings and the ratio between the owner’s fund (equity) and borrower’s fund is decided under the capital structure.

DETERMINANTS OF CAPITAL STRUCTURE

As stated earlier capital structure decision is highly individualistic and the capital structure of a company is planned initially when the company is floated. The initial capital structure must be designed very carefully since it will have long-term implications. However, the capital structure decision is a continuous one and has to be taken every time whenever a firm needs additional finances. Several factors affect the capital structure of a firm. Some of the important factors which must be kept in mind while determining the capital structure are discussed as follows:

1. Cash flow position

While choosing if capital structure the future cash flow position must be considered before issuing debt. Cash flow must not only cover fixed cash payment obligations but there must be sufficient buffer also, it must be kept in mind that a company has cash payments obligations for (i) Normal business operations; (ii) for investment in fixed assets; and (iii) for meeting the debt service commitments i.e. payment of interest and repayment of principal.

2. Interest Coverage Ratio

By the use of this ratio, it can ascertain whether the company can pay interest or not. The greater this ratio, the more will be the capacity of the company to use debt. The ratio can be calculated as under:

 Interest coverage ratio= Earnings before interest & Taxes/ Interest

3. Debt Service coverage ratio- DSCR:

 The debt service coverage ratio takes care of the weaknesses referred to in the interest coverage ratio-ICR. A higher DSCR indicated better ability to meet cash commitments and consequently, the company’s potential to increase debt components in its capital structure.

4.Cost of Debt

The capacity of a company to take depends on the cost of debt. In case the firm arranges borrowed funds at a low rate of interest then it will prefer more debt as compared to equity and vice versa.

5. Tax rate

High tax rate makes debt cheaper as the interest paid to debt security holder is subtracted from income before calculating tax whereas companies have to pay tax on dividend paid to shareholders. So high-end tax rate means prefer debt whereas at low rate tax the company can prefer equity in the capital structure.

6. Cost of equity capital

 The cost of a source of finance is the minimum rate of return expected by its Suppliers. Equity shareholders bear the maximum risk because no rate of dividend is fixed. To pay interest on debentures is a statutory liability of the company whether the company earns a profit or not. Thus, debt is cheaper as compared to ordinary share capital. The cost of debt becomes lesser because interest is a charge on the taxable income.

Why Productivity matters?

Before knowing the need for productivity, let’s come to know what productivity actually means. The meaning of this crucial word may differ from person to person. For some, it may refer to being active, just obeying the schedule. For some people, it may refer to attaining results apart from the schedule. For some, it may simply mean being independent. One of my friends actually helps me to explore productivity. The basic meaning of being productive is achieving goals by just being consistent. The lockdown is I guess a true opportunity to show how productive one can be! Who doesn’t want to earn and make their parents happy? I mean that’s what a true goal achiever would do in spite of his/her age. Knowing responsibility and then going for productivity will make you more enthusiastic towards achieving your goal. Also, the demand for work from home(WFH) has comparatively increased due to lockdown, however, recruiters used to prefer office work before.

Focus, smart work, productivity, and gratification are the four main assets that I consider for being successful. Everyone studies to get a better job and a secure future. In today’s corporate world there is a high need for consistent, and productive employees. Every organization needs profitable co-workers giving immense outputs.

Umbrella personality!

Ever heard of this word Umbrella personality? like someone saying, that guy owns an umbrella personality. In other words, an allrounder individual can tackle every situation with as many qualities that are needed to make a profitable self, which may eventually make a profit in the company. While facing an interview, interviewers analyze the extra qualities of an individual. Apart from knowledge, what matters is Skills. If you have understanding but are not able to apply and excel then what is the use of such kind of knowledge. As we grow older, we come to know our responsibilities. Responsibilities as an individual, as a family member and as a youth. Sudden change in someone’s personality and character can be a sign of scrutinizing responsibilities. The will to achieve goals, succeed, and give lifetime happiness to parents. Many people also become depressed under this burden. The responsibility also plays a vital role in being productive. More responsibility, more the employee will think of the company as his own and more will be the productivity. From a business point of view, quality and productivity are interrelated. The more the quality, the more will be productivity. For example, the Redmi smartphone has increased its productivity in the recent decade, the reason behind this is, they offer amazing features at reasonable prices and are sleek in design. The same goes for their laptops, which are recently launched in the month of June.

How to increase productivity?

  • No to distractions- Social media is the most distracting zone. You can kill your time easily once you get involved in this.
  • Increase efficiency- For efficiency, it is necessary to have a proper plan and its application.
  • Employee satisfaction- Ensuring the happiness and devotion of an employee is highly essential. 
  • Encouraging support-If you encourage an employee, he gets motivated to become more productive and attempts to give promising outputs.  

“It’s not knowing what to do, it’s doing what you know.” ~Tony Robbins

HENRI FAYOL: THE FATHER OF MANAGEMENT

Henri Fayol is the universalist and he father of general management and Fayol developed the Theory of Management and he has given his opinion that managerial excellence is technical ability and can be acquired and he developed theories and principles of management which are universally accepted and made him a universalist. He was a pioneer of the formal education in management, Fayol’s principles of management meet the requirements of modern management, as such, he is rightly accepted as the “Father of General Management”.

Fayol’s long practical experience in the field of management is reflected in his written work and He did not develop a logical theory of management, nor evolved a philosophy that answered all questions and satisfied all doubts about its practicability and based on his own experience in the field, Fayol set forth 14 Principles of management and they are:

1. Division of Work

The division of work is applied to all kinds of work- technical as well as management and division of work also means specialization and division of work promoted efficiency.

2. Authority and Responsibility

Authority and responsibility go together and Fayol stressed that right and power to give orders should be balanced by the responsibility for performing necessary functions and according to Fayol “The result of authority is responsibility. It is the natural result of authority and essentially another aspect of authority and whenever authority is used, responsibility is automatically born”.

3. Discipline

According to Fayol, “Discipline is in essence obedience, application, energy, behavior and outward marks of respect observed following the standing agreements between the firm and its employees”. Agreements must be obeyed in totality, without any dissent and discipline is essential for the smooth running of the business.

4. Unity of Command

A subordinate should take orders from only one boss and Fayol claimed that if the unity of command is violated “Authority is undermined, discipline is endangered, order disturbed and stability threatened” if there are two or more superiors for an employee then confusion and conflict of interest arise and everyone has to make sure that this doesn’t happen.

5. Unity of direction

 Fayol advocates, “One head and One plan” for a group of activities having the same objectives, and this will create dedication of purpose and loyalty. Unity of direction for achieving unity of action in the pursuit of common objectives by a group of persons.

6.Subordination of Individual Interests to general Interests

This is a home truth and, in a family, the interests of its members should be subordinated to the interests of the family as a whole.

7. Remuneration to employees

Remuneration should to fair and adequate and it should be supported by both types of incentives- Financial as well as non-financial.

8.Centralization and Decentralisation

There should be one central point in the organization that exercises control over all the parts but the degree of centralization of authority should vary according to the needs of the situation.

9. Scalar Chain

The Scalar chain is a chain of supervisors from the highest to the lowest rank and this principle suggest that there should be a clear line of authority from top to bottom linking all managers at all level.

10. Principle of order

This principle applies to the arrangement of material and people and there should be a place for everything and everything should be in a place.

11. Principle of Equity

Kindness and justice should be exercised by management in dealing with their subordinates and this will infuse loyalty and devotion among the employees.

12. Stability of Tenure of Personnel

An employee with all the requisite abilities needs some time to gain specialization and stability is linked with a long tenure of personnel in the organization and efficiency is promoted by a stable workforce.

13. Principle of Initiative

The initiative is the power of thinking out a plan and ensuring its successful implementation. Initiative on the part of its employees can become a great source of strength, but it must not be against the established practice.

14.Esprit-de-corps

 It means the spirit of loyalty and revolution which unites the members of a group or society and Fayol said that there is strength in unity and the two enemies of sprit-de-corps are:

i. Divide and rule

ii. Abuse of written communication

Principles of Management

A principle refers to a fundamental truth, it establishes a cause and effect relationship between two or more sets of events. Principles can predict the results of certain causes in the given circumstances. According to George R. Terry “ Principle is a fundamental statement of truth providing a guide to thought or action”.  Thus on a basic principle, we may say that this is to be done and this is not to be done. A managerial principle is a broad and general guideline for decision-making and behavior, for example, while deciding about the promotion of an employee on my consider seniority, whereas the other may consider the principles of merit. Principles of management are different from that of principles of pure sciences. Management principles are not as rigid as principles of pure sciences they deal with human behavior and thus are to be applied creatively given the demand of the situation.

Management principles have not been developed overnight but a complete procedure to develop these principles is undertaken and these principles are developed by the management experts, first, the problems were born, then efforts were made to solve them and these efforts resulted in a lot of research work and finally the solutions were found out and these solutions are in the form of principles of management. The principles of management are derived in the following ways:

1. Based on deep observation/ study of the problem

  Researchers observe the problem in different situations and from different angles. They have to study deeply the problem, its cause, magnitude, consequences, and solutions.

2. Based on experimental studies

A decision or statement which is observed is tested in different organizations with different employees and if they get a favorable result, then the statement is given the name of a principle and a principle is derived. After understanding the meaning of principles and principles of management, it is very necessary to learn the nature and the need for the principles of management.

Based on the above guidelines the principles of the management were developed. Several principles of management have been developed to assist managers in performing their functions well, a large number of principles have been contributed by the management authors belonging to the traditional school of management thought and today there is a very lengthy list of management principles and these principles can be used by changing them according to the requirement and situation. The principles of management are not like the principles of physical sciences. The Principles of management cannot be rigid or absolute as they are not rules or laws and “No Principle operates automatically”. According to Henry Fayol “Principles of management are flexible and nor absolute, but must be utilized in the light of changing and special conditions”. Management principles are universal and these can be applied in different organizations like government, business, military, etc.. Principles of management are the fundamental statements of the truth of universal validity and these principles help the managers in solving managerial problems systematically and scientifically and methodologically.

How to open a Franchise without money- US…

let’s talk about to open a franchise with no money so the first thing you can do, if you want to open a franchise with no money down is go to your friends and family look. I understand that that’s something that you may not want to do sometimes that’s a toughest conversation asking friends and family for money but I would assume if you’re willing to open a franchise and you have some skill sets you have a certain level of intelligence and a certain level of ambition so assuming that you have a good reputation and a good rapport with your friends and family then that’s the first place that you can go to get money to fund your franchise.

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Photo by Jonathan Borba on Pexels.com

Now when you’re approaching them for the money it’s important to be tactical and strategic about it and you don’t just say hey! can I borrow ten thousand dollars can I borrow twenty thousand dollars can I have fifty thousand dollars you have to go into it strategically so go into it with a business plan this is the franchise that I want to buy this is the amount of money that I need to get started this is a lot the amount of money that I think I will make with the franchise this is the time period which I can pay the money back to you and get on that loan repayment plan, another way to approach getting money from feds and friends and family to fund your franchise is to ask them to be a partner with you so although they may not want to work in the franchise themselves maybe they’re more willing to give you money or lend you money for the franchise if they are an owner or an investor with you so maybe you’re the one that runs the franchise and you handle the day-to-day operations the sales managing the staff managing the overall business and they get a percentage of the profits as a way of paying them back.

close up photography of starbucks disposable cup
Photo by Adrianna Calvo on Pexels.com

The next way that you can fund a franchise is to get a loan and before you read about that real quick with the franchise so now in getting a loan to open a franchise business it’s important to note that one you’re going to need to have good credit and two you’re going to need to have an income that can support paying back. The loan and three the likelihood is you are still going to need money for the down payment on that loan if you get us an SBA loan which is Small Business Administration they require a minimum of 10% down from you in order to fund that business so what does that mean if you need $100,000 for your franchise business then that means you need to come up with $10,000 in order to here that loan so the question is how will you come up with that $10,000 and there’s a number of options that we’ll go over in a second of how you can do that one way you can do that is what we already talked about which is getting money from friends or family it’s so even with the Small Business Administration having a ten percent minimum requirement that you have to put towards the loan in order to open a business.

white and blue come on in we ere open signage
Photo by Tim Mossholder on Pexels.com

Most lenders that issue SBA loans are going to require anywhere from 20% to 30% in order for you to secure that loan so again in that example if you’re looking to open up a business that’s a total of $100,000 you’re going to have to figure out a way to come up with twenty to thirty thousand dollars in order to secure that loan and so in a second I’m going to tell you about a strategy of exactly how you can do that without having to ask your friends or family for money another way that you can fund a franchise without having any money so to say is seeing if you have any 401k or retirement plans now as someone who has managed over a hundred million dollars over the course of career as a financial advisor typically. I would not recommend for someone to take money out of their 401k and that’s not what I’m recommending to you. So, I want to make sure that you get that clear because there are severe penalties and tax consequences that you should consult the tax advisor about but there are ways that you can leverage your 401k so if you’re still working with your employer you can take out a loan against your 401k in order to fund a business and when you take out a loan there’s one thing that you have to be very careful about the thing that you have to be careful about is that if you leave that employer and you have an outstanding loan they are going to make you repay that loan within a certain period of time usually it’s 60 days if that is the case if you don’t come up with the money and repay the loan for the 401k they count it as an early distribution you’re going to have to pay taxes on that money depending upon if it’s a pre-tax 401k and you may have to pay some penalties. 2 guys opened up first location they were going to need 300 just over $300,000 in order to get first location open so they had a significant equity in their home at that time and want to went ahead and apply for a home equity loan they secured a three hundred and ten thousand dollar home equity loan use that home equity loan to fund the business and to pay for the business about a year or so later they actually wind up moving they sold their house the home equity loan was paid for paid off and now they own the franchise in the business completely outright don’t have any loans on the business and then the last way that you can potentially buy or open a franchise with absolutely no money is to talk to the franchiser again it’s not about the resources it’s about your resourcefulness so it never hurts to ask them and to make a pitch if you’re truly excited and confident about the opportunity.

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Image source: AZ quotes

EFFECT OF BRANDING ON CUSTOMER PURCHASE DECISION

Branding is the process of giving a name or a sign or a symbol to a product.
One of the most important decisions that a marketer has to take in selling a product is in respect of branding. He/ She has to decide whether the firm’s product will be marketed under a brand name or a generic name.
Generic name refers to the name of the class of the product. If the products were sold by their generic names, it would be difficult for the marketers to distinguish their products from that of competitors. Therefore, most of the marketers give a name to their products, which helps in identifying and distinguishing their products from the competitors products.

As the traditional marketing tools and techniques has been replaced by the modern marketing tools and techniques and the number of factories of every good has now been increased, the producer tries to make their product different from other producer of the same product. These things give birth to a new marketing dimension and new era of marketing by the emergence of BRANDING.
In olden days, the brands were just a mark, sign or some sort of numbers to differentiate their goods. The brand then builds many function which creates the value in the mind of the customer. Like the advertisement, which is the function of the branding and it creates a unique association and memory link in the minds of customers on one side and on the other hand, it creates the demand for your goods and services as it attracts the customer, it creates awareness about your production and also educate the customer about the use of goods and services.

ADVANTAGES OF BRANDING
To the marketers

  1. Enables making product differentiation.
  2. Ease in introduction of new product.
  3. Differential pricing.
  4. Helps in advertising and display programs.
    To the customers
  5. Helps in product identification.
  6. Ensures quality.
  7. Status symbol.

CHARACTERISTICS OF A GOOD BRAND NAME

  1. A brand name should be short, easy to pronounce, spell, recognize and remember.
  2. A brand name should suggest the product’s benefits and qualities. It should be appropriate to the product’s function.
  3. A brand name should be distinctive.
  4. Chosen name should have staying power i.e., it should not het out of date.
  5. The brand name should be sufficiently versatile to accommodate new products, which are added to the product line.
  6. It should be adaptable to packaging or labelling requirements, to different advertising media and to different languages.
  7. It should be capable of being registered and protected legally.

Brand image is positive and creates many customers and build strong customers relationship with them and maintain loyalty. But if the brand image is negative, it will be harmful as there will be no customers repetition and retention. So, firm pays a huge investment on advertisement to maintain the brand image and brand equity management programs. As brand image creates perception in customer mind so after purchase, if cognitive dissonance occurs then there is a change in customer’s behavior.
Brand association will impact the consumer buying pattern and behavior. These associations will affect your decision positively if the brand image is positive. Brand loyalty reduce the cost for the firm to retain the customer forever. A loyal customer is helpful for the firm to create new customers.
Generally, brand has greater impact on consumer buying behavior. But at local level, behavior of customer also changes due to branded products and services. Consumer buying behavior is the study of actions of consumer towards planning, purchasing and consuming goods and services.
Consumer buying decision consists of 7 steps:

  1. Need recognition
  2. Information search
  3. Pre-purchase evaluation
  4. Choose alternative
  5. Purchase consumption
  6. Post consumption evaluation
  7. Feedback
    Now, market has become too much competitive due to hyper competition in the market. The best way is to compete these conditions by developing a strong brand image. Basically, the key driver of brand equity is simply brand image. By easily remembering brand , quality production increases which leads to sales increase and makes mire profit. It is the best way which leads towards maximizing market share and to sustain competitive advantage and strong position in the market.

LEVELS OF MANAGEMENT

The level of management is an important classification needed for an organization to work smoothly and operationally to complete the needed work and all the employees working in an organization/institution can be divided into two categories:

                             1. Managerial Members

                             2. Non-Managerial Members

1. Managerial Members

 In this category, all such persons are included who manage somebody, they are called managers because they manage some of the other people. Thus they have all the subordinates. The Chief Executive officer or CEO ranks higher in this hierarchy and departmental managers are subordinate to the CEO. Supervisors work under the departmental managers and so they are subordinate to them. In the same manner, workers are subordinate to supervisors. Except for workers, all others are called managers irrespective of their designation. He is the manager only who builds managerial levels. “The best executive is the one who has sense enough to pick good men to do what he wants done, and self-restraint to keep from meddling with them while they do it.” 

Employees working in an organization build a chain of hierarchy and that is known as “ Chain of Authority”. This chain links all ranks in a vertical form. In this manner, this chain from top to bottom builds many managerial posts, which are termed as managerial levels. The term level of management refers to a line of demarcation between various management positions in an organization. As we move from top to bottom the degree of authorities goes on decreasing. In the top management, the members who occupy the seat are entrusted with the responsibility of planning and executing broad policy decisions. Manages of all major activities areas can be referred to as top management. The top management generally performs the following functions:

  1. Laying down guidelines for the various departmental heads.
  2. Organizing the business into various sections and departments for the accomplishment of predetermined goals.
  3. Setting out general objectives and policies.
  4. Making appointments to top positions such as appointments of managing director, secretary, departmental heads, etc.
  5. Reviewing the work of executives and ensuring their performance at different levels.
  6. Budgets prepared by different managers are given final shape i.e., approval is given to the budget.
  7. To understand the interlocking of departments in major policies.
  8. To ensure that there is coordination between the different parts of the organization.
  9. To build the company spirit where all are working to provide a product or service wanted by others.

2. Non-Managerial Members

In this category, those employees are included who work directly on the job. The place at which such employees work is known as a platform area. Since they are at the lowest level of the chain in an organization, they do not have any subordinates, that is why they cannot be called as managers. For this very this they are not counted among the level of management and that is why they form the Non-Managerial level. They are the main base or the building block for the organization as the company depends upon their work to run the company smoothly and efficiently and greater the workforce the greater the productivity.

HOW PERSONALITY WILL HELP YOU SEARCH FOR A JOB

GET TO KNOW YOURSELF BETTER:You may prepare to research your strengths and shortcomings during an interview, yet how well does one truly comprehend them? “You’ll want to assess any gaps in your skills, but once you check out these from the attitude of your personality and values, you’ll gain a sensible , genuinely insightful understanding of your true pattern of strengths and weaknesses,” Schofield states. The outcome? You will seem more genuine, mature and mindful just in case of applications and interviews. Everyone has shortcomings; on the off chance that we can exhibit that we as of now perceive our own, and know how to overcome or direct them in a positive manner, this may run over much superior to a half-hearted stock-phrase
You will come better off with your interview preparation, and when you’re straightforward about whether you’re a solid match for the job, you’ll have a superior chance of getting an interview call.
YOU WOULD BETTER YOUR COMMUNICATION SKILLS AND BECOME a far better PROSPECT:Communication skills are critical for qualifying for majority jobs, and they’re vital in terms of getting the specified career opportunities.
Getting to understand others’ communication styles and the way they convey with you is similarly as critical as going to know your own. When you got a firm grip on your own abilities, personas and interests as they identify together with your job search, you’ll be a far better off applicant and more inclined to get the job post interview.
YOU WOULD REFRAIN FROM APPLYING FOR UNSUITABLE JOBS:You can be more sure and assured when trying to find employment on the off chance that you simply comprehend what has clothed wrong previously. On the off chance that you simply continue missing on career opportunities that appear to be perfect matches, you’ll wish to point your finger on what clothed wrong.
Schofield states that “Self-assessment and an understanding of organizational culture and cultural fit can help us recognize the explanations why previous applications or positions might not have figured out .”
NARROWING DOWN ON YOUR JOB/CAREER OPTIONS BECOMES POSSIBLE:Try to not consider the foremost generic factors about the job/career, e.g. regardless of whether it’s the right pay grade, prospects and site . These are extremely critical factors to think about , however numerous positions fit these fundamental, practical criteria.
Do you incline towards a more organized environment with hands-on guidance, or an adaptable one where initiative is awarded? Is it more vital to possess a supportive, friendly team of work-mates , or the prospect to fill in as independently as would be prudent?
Your persona will direct your responses to those questions. Schofield describes, “When you cut down the choices , it allows you to specialise in quality over quantity – a smaller number of more tailored applications with a better probability of success.”
YOU WOULD KEEP SURPRISES AT BAY:Organizations know the value of deciding on a poor hiring decision, and that they are progressively attempting to differentiate and parse individual differences and sync with cultural fit. While not all organizations incorporate a personality evaluation as a neighborhood of the appliance , it isn’t bizarre for potential and current employers to anticipate applicants and current will finish some sort of psychometric test. This is what Schofield has to say.
On the off chance that you comprehend the information and procedures engaged with psychometric assessments, you’ll have a head start on replying to difficult questions and mollify concerns employers may have about your fit. The most ideal approach to try to to this is often to require self-evaluation tests yourself so you’ll be all around informed and prepared .
These were a couple of inputs with regards to your personality and the way wouldn’t it help to land employment .

MBA-Personal Interview(PI)

Topics for preparation

Master of Business Administration or MBA is one of the most popular post-graduate programmes in India.The two-year programme is a gateway to job opportunities in the corporate world.Admissions to all MBA college typically take place through an admission test(CAT).The qualifying exam is usually followed by a second level screening round that could be a group discussion or a personal interview (accounting for more than 50%)conducted by the college that the student has qualified for.

1.Importance- The most crucial stage of MBA admission is Group discussion and Personal Interview (PI).It is the final round test of your verbal communication skill, presence of mind and how do you present your views and knowledge skillfully to convince the experts who are interviewing you. It also tests your stress management skill, ability to work under pressure and decisive skills.

2. PI consists of- The personal interview panel consists of 3-4 business experts of respective organization.

  • Duration- 15-20 minutes
  • Subject Matter-about yourself,educational details, work experience, current affairs and interests.

3.Tips for PI-

  • Student must stay calm and confident.
  • Greet the panelists with a warm welcome smile.
  • If you are not sure about an answer, be humble and tell them that you don’t know the answer.
  • Respecting others’ views and showing your point will win you points in the PI round.
  • The honest approach during the interview also makes the given responses natural and genuine.

4.Topics to prepare for PI-

  • Tell us something about yourself.
  • Why do you think should we give you admission in our college?
  • Tell us about your key strengths and skills.
  • What are your long term goals?
  • Why MBA? What do you want to do after an MBA?
  • Tell us about your hobbies and interests.
  • How will you define your personality?
  • How do you deal with failures?
  • As a leader, what would you advise to your fellow team members?

5.General Knowledge-

  • Questions on your graduation subjects.
  • Your personal take and views on Social Media.
  • Current events and situation.
  • About Indian economy.

Students must improve their communication skills, keep updated to latest information. All over personality and intelligence is measured in personal interview and those who masters, is selected.I hope this article must be helpful for aspirants of mba…..

Reason behind Sushant’s death- Terrible!!

On the late morning of 14th June 2020 an terrible incident took place which kept everyone in deli ma as the famous actor Sushant Singh Rajput and 34 years old guy from Patna commits suicide. What made a well settled actor made drive this step, reports says that Sushant Singh Rajput was in a sever depression from last few months and doesn’t talk much with the neighbors and watchman as well as relatives further the lockdown boost up this depression. The relation with Rhea Chakraborty were also at not good level this further made him in depression as last relation with Ankita Lokhande were also at red mark. Reports also show that he was living in a house which rented 4 lakhs per month and he was further in financial debt. He was living with one of his friend and 3 maids on 14 June after much trials of calling out to Sushant, amid finally decided to open the door, as the door opened it kept everyone shocked.

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Image source: Instagram (Sushant Singh Rajput)

A talented actor with name, fame, money, respect, young, potential was not excepted to leave the world this much soon. Yet there are many wish list he need to fulfill. Let us have some look.

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This is very unfair…

The movies in which Sushant performed:

  1. kai po che!
  2. Suddh desi romance
  3. PK
  4. Detective Byomkesh Bakshy
  5. M.S. Dhoni- The untold story
  6. Raabta
  7. Welcome to New York
  8. Kedarnath
  9. Sonchiriya
  10. Chhichhore
  11. Drive
  12. Dil bichara

It gives proof that depression, Stress, Anxiety doesn’t look at status.

If you need support or know someone who is under depression or suicidal, please reach out to mental health specialists or helplines. AASRA: 91-22-27546669 (24 hours) Sneha Foundation: 91-44-24640050 (24 hours) Vandrevala Foundation for Mental Health: 1860-2662-345 and 1800-2333-330 (24 hours).

 

MANAGEMENT

Management has become an important Economic organ of the present industrial society. Every person in the world from the family head to the prime minister of the country or from the worker to the Managing director of a Joint-stock company is busy in managing different types of affairs that he has to perform in discharging his/her entrusted duties. Management is the coordination of human and physical resources towards the attainment of objectives. By managing different activities, we can best utilize our available scarce resources. As the mind of a person controls his activities, similarly management controls the business organization, men, machines, and materials in getting the work accomplished.

TRADITIONAL AND MODERN CONCEPT OF MANAGEMENT

Management is related to the dynamic process of establishing objectives of the organization, harnessing and coordinating its human as well as other resources, and ultimately to the attainment of goals. It is a process of creating a creating conducive environment for humanitarian efforts, to reach the organization’s goals effectively and efficiently. According to  C.S George who describes management as “Management is a distinct process consisting of planning, organizing, actuating and controlling, performed to determine and accomplish the objectives by the use of people and resources” Traditional concept of management restricted management to getting things done.

According to the modern view, management covers a wide range of business-related activities. According to modern thinkers, “Management is a process of an activity a discipline and an effort to coordinate, control and direct individuals and group efforts towards attaining the cherished goal of the business”. Another aspect of management is presented by Harold Koontz and O’ Donnell, “Management is the art of getting things done through and with the help of a formally organized group”. To be more specific, to manage is to forecast and to plan, to organize, to command, and to control.

CONCEPT OF MANAGEMENT

Management is a set of functions directed at the efficient utilization of the resources in the pursuit of organizational goals. To be more specific, to manage is to forecast and to plan, to organize, to command, to coordinate, and to control. To foresee means examining the future and drawing up the plan of action. To organize means building up the dual structure, material, and human of the undertaking. To command means maintaining activity among the personal. To coordinate means binding together, unifying, and harnessing all activities and efforts. To control means seeing that everything occurs in conformity with the established rules and expressed command. By efficient utilization of resources using resources wisely and in a cost-efficient manner. By effectiveness, we mean making the right decisions and successfully implementing them. Efficiency and Effectiveness are interrelated, for instance, it is easier to be effective if one ignores efficiency. The effect of good management is nothing short of remarkable. Take an under-performing-even chaotic-organization and install a skilled manager and him/she soon can have the enterprise humming like a well-tuned machine. Studies have shown that 90 percent of the business fail generally due to poor management.

The untold story of Sushanth Singh Rajput

“Men have emotions too so don’t be shy to cry. It’s ok to let it out. It’s not weakness but a sign of strength. Be man to feel. Feeling is human.” Tweet from Sushanth Singh Rajput. People can’t beleive that the same man who tweeted can commit suicide.Being a man doesn’t mean you can’t cry or show your pain in any form. Tears and Pain is not gendercentric, as it is a form of expression by humans and all species. Have the courage to express your emotions for better.

My 50 DREAMS & counting…! 😉

  1. Learn how to Fly a Plane ✈️
  2. for IronMan triathlon 🏃🏻‍♂️
  3. Play a Cricket Match left-handed 🏏
  4. Learn Morse Code _..
  5. Help kids learn about Space. 🌌
  6. Play tennis with a Champion 🎾
  7. Do a Four Clap 👏 Push-Up !
  8. Chart trajectories of Moon, Mars, Jupiter & Saturn for a week
  9. Dive in a Blue-hole
  10. Perform the Double-Slit experiment
  11. Plant 1000 Trees
  12. Spend an evening in my Delhi College of Engineering hostel
  13. Send 💯 KIDS for workshops in ISRO/ NASA
  14. Meditate in Kailash
  15. Play Poker with a Champ
  16. Write a Book
  17. Visit CERN
  18. Paint aurora borealis
  19. Attend another NASA workshop
  20. 6 pack abs in 6 months
  21. Swim in Cenotes
  22. Teach Coding to visually impaired
  23. Spend a Week in a Jungle
  24. Understand Vedic Astrology
  25. Disneyland
  26. Visit LIGO. 🌇
  27. Raise a horse 🐎
  28. Learn at least 10 Dance forms 🕺🏾🕺🏾
  29. Work for Free Education 📚
  30. Explore Andromeda with a Powerful Telescope 🔭
  31. Learn KRIYA Yoga 🧘‍♂️
  32. Visit Antarctica 🇦🇶
  33. Help train Women in Self-defense 🥋
  34. Shoot an Active Volcano 🌋
  35. Learn how to Farm
  36. Teach dance to kids
  37. Be an Ambidextrous Archer
  38. Finish reading the entire Resnick – Halliday physics book
  39. Understand Polynesian astronomy
  40. Learn Guitar Chords of my fav. 50 songs
  41. Play Chess with a Champion
  42. Own a Lamborghini
  43. Visit St.Stephen’s Cathedral in Vienna
  44. Perform experiments of Cymatics
  45. Help prepare students for Indian Defence Forces
  46. Make a documentary on Swami Vivekananda
  47. Learn to Surf
  48. Work in AI & exponential technologies
  49. Learn Capoeira
  50. Travel through Europe by train

He last used the Twitter on December 2019 which also confirms the news of his depression from last six months.Suicide by sushant singh rajput is a grave reminder to us that you never know what a person is going through. To everyone out there who’s hurting in silence, you may not want to exist right now, but someone is happy that you do.
You are worthy.Never give up.No death note. Preliminary investigation is not yet complete. We don’t really know what has happened, let his soul rest in peace. We have to know the truth. 6 days ago, his ex-manager committed suicide. Police hasn’t ruled out anything yet.One middle class small town guy came to mumbai touched sky against all odds , inspired millions middle class but now you suddenly left , we can’t understand what pain you were going through but we will always miss you.

Did he knew what we know now. He had a list of 50 dreams which meant that he had to fulfill his dreams before he could commit suicide?

The depression we feel, the happiness we enjoy, the moments we live are temporary. Remember everything is a feeling and it doesn’t last long. You can trust anybody except yourself. Don’t become the fool who try to fool the fool within you. The love we get is the love we give. You can expect someone to treat you the same way you did to them but you can’t expect it from the life.

Life is unpredictable and can act unfair to anyone because it has a feeling that feeling is just a feeling and act cruelly. If life turns you upside down then don’t try to escape from it. You rather try to look the life in the way it expects you to look. Then life will change its way to again change you so that your life again comes to normal.

Dear- Indian education system…

Dear Indian Education System… I have decided to take a huge step, But, before that, you guys need to know a lot of things about me. I used to score amazing till std 10th when I scored well, leave alone my parents,  all my friends, neighbors, shopkeepers…  Even the watchman of my building started to say ” You are going to take Science. You will be an engineer” no. Don’t get me wrong. I don’t dislike Science.  Science is beautiful science is the ultimate truth but when I came in Std 10th the half-interested teachers in my school and coaching institute didn’t teach Science at all!  All they taught was how to solve maximum number of MCQs in a given time, like a robot that killed the beauty of Science sir.  And that Physic’s topper of my class  He didn’t believe that evolution actually happened  He just wanted to solve maximum number of MCQs  So much obsession with Science.

accomplishment ceremony education graduation
Photo by Pixabay on Pexels.com

India hasn’t won a single Nobel Prize in Science  Since Independence  Nobel Prizes are just “awards” , you’ll say  India produces the maximum number of engineers per year  Yet, India ranks 60th  in the Global Innovation Index that means no major innovation has happened since Independence, all we keep saying is “Aryabhatta invented Zero” to be honest, after 10th, I wanted to study Physics, Graphic Designing, Coding, History, Music and English Literature Why couldn’t the evaluation of my intelligence and calibers be on the basis of these subjects?  Why should’ve I wasted my time studying subjects I didn’t want to study?  So, I left the damn coaching institute, used to get out of my home during coaching hours and used to read novels in the park, see new places to be honest, I felt free It felt good not to be a zombie I learnt graphic designing on my own  I listened to some beautiful music by Mozart and Rahman  I read Poetry, I taught myself Python, and I read some amazing write-ups  on various topics of Physics  I am taking a huge step.  I am dropping out no not because Steve Jobs, Bill Gates and Mark Zuckerberg are drop-outs, not because being a “dropout” is cool, and neither it is because of the frustration of failing.

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Dear Indian Education System I am dropping out simply because you do not make any sense and now, you’ll ask me, who will give me a job?  Who will feed me?  I believe somewhere somebody is there who’ll see my skills. Will value my creativity.  Who will value my intelligence, not my CGPA Yes, I failed. but I know there is a lot to do, observe, and learn only my marksheet says that I can’t do anything but I know I will do something good.

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an amazing writeup by FMF.

TIPS ON HOW TO CREATE A STARTUP IN COLLEGE AND HOW TO FIND A SUITABLE CO-PARTNER

Before starting, there are tons of books which may offer you an honest flavour and understanding of Startups:Zero to one , The Lean Startup, Steve Jobs, Elon Musk, etc. You will not become an Entrepreneur by reading books, but you’ll definitely have a far better understanding and a few motivation – so you want to read them

Google, Facebook, Microsoft. All three companies were started by college students and now they’re among the most important companies within the world. Students feel inspired by such success stories but often don’t have a transparent idea of what they really want to realize once they start a business.

The following points give a thought on the way to start your own company while being in college.

  1. Prioritize
    It is getting to be very difficult if you are doing not have a transparent plan of your business goals. Do not set a really horizontal bar initially as this puts unnecessary stress. Plan your day beforehand in order that you’ll allocate sufficient time to both academics and start-up and strictly say no to activities which don’t align together with your interests.
  2. Choosing right courses
    Colleges provide various electives on entrepreneurship, management. Select such courses which can help to find out about how businesses operate, grow and performance at an outsized scale. This helps in bridging the gap between academics and entrepreneurship. This also helps in networking with compatible students, alumni which may be an enormous boost during this startup journey.
  3. Funding for startup
    There are several colleges which permit their students to pitch their business idea. And if selected a particular amount is allocated to assist them start performing on their plan. These programs are an enormous motivation as they don’t need to worry for the cash within the initial stages. Also make use of the college alumni network to connect to successful entrepreneurs who can help you.
  4. Finding a mentor
    A mentor helps in clearing up doubts and may prevent you from making a wrong decision. Attend various e-summits, business events, alumni meet hosted by your college and you’ll find people willing to guide you during this journey.

Tying it together
There will be people to demotivate you and doubt your goals. Turn a deaf ear to them and believe that this can be achieved. Enjoy the journey so that it does not seem like an additional burden. Do not get upset by the initial roadblocks and keep doing your part.
For making the startup successful, finding the proper co-founder may be a vital thing that one must do. There will be so many challenges in this journey and it is better to face them together rather than doing it alone. Great teams persevere, and success breeds success.

  1. Networking
    Networking is much more crucial than you think. Attend different events like entrepreneurship summits, business seminars etc. Use social networking platforms such as LinkedIn and Facebook to your benefit.
  2. Attend e-summits organised by universities
    University professors know many entrepreneurs, alums who are trying to find suitable persons matching their interests and business plans. Discuss your plans with them and you maybe lucky enough to seek out the support.
  3. Meet colleagues from previous jobs
    If you met someone in your previous job with an entrepreneurial spirit, try to follow up with that person. If you both had thought of owning a company at some time, now is the time to work on that dream.
  4. Explore common interests outside of work.
    Searching for a co-founder is often tricky. It involves taking to consideration multiple factors, the foremost common being compatibility. Make sure you recover together even outside of your work. Strengthen the bonding in various ways like enjoying sports or checking out each other’s reading tastes.
  5. Jointly define long term and short term goals for the startup.
    The enthusiasm maybe very high initially but its real test is within the end of the day . Come together on decisions such as various short term and long term goals for the company. Decide on vision of the corporate , the mission which it wants to accomplish.
  6. Clarify each one’s role
    Make it very clear about the roles each one is going to play. Take responsibility for the decisions which you are going to take. Plan in such how , that the co-founders function without having to interfere in each other’s jurisdiction.

Recommendations of GST council related to Law & Procedure

The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance& States/ UTs.

The GST Council has made the following recommendations on Law & Procedures changes.

  1. Measures for Trade facilitation:
    1. Reduction in Late Fee for past Returns:

As a measure to clean up pendency in return filing, late fee for non-furnishing FORM GSTR-3B for the tax period from July, 2017 to January, 2020 has been reduced / waived as under: –

    1. ‘NIL’ late fee if there is no tax liability;
    2. Maximum late fee capped at Rs. 500/- per return if there is any tax liability.

Thereduced rate of late fee would apply for all the GSTR-3B returns furnished between 01.07.2020 to 30.09.2020

  1. Further relief for small taxpayers for late filing of returns for February, March & April 2020 Tax periods:

For small taxpayers (aggregate turnover uptoRs. 5 crore), for the supplies effected in the month of February, March and April, 2020, the rate of interest for late furnishing of return for the said months beyond specified dates (staggered upto 6th July 2020) is reduced from 18% per annum to 9% per annum till 30.09.2020. In other words, for these months, small taxpayers will not be charged any interest till the notified dates for relief (staggered upto 6th July 2020)and thereafter 9% interest will be charged till 30.09.2020..

  1. Relief for small taxpayers for subsequent tax periods (May, June & July 2020):

In wake of COVID-19 pandemic, for taxpayers having aggregate turnover upto Rs. 5 crore, further relief provided by waiver of late fees and interest if the returns in FORM GSTR-3B for the supplies effected in the months of May, June and July, 2020 are furnished by September, 2020 (staggered dates to be notified).

  1. One time extension in period for seeking revocation of cancellation of registration:

To facilitate taxpayers who could not get their cancelled GST registrations restored in time, an opportunityis being provided for filing of application for revocation of cancellation of registrationup to 30.09.2020, in all cases where registrations have been cancelled till 12.06.2020.

  1. Certain clauses of the Finance Act, 2020 amending CGST Act 2017 and IGST Act, 2017 to be brought into force from 30.06.2020.

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Note: The recommendations of the GST Council have been presented in this release in simple language for information of all stakeholders. The same would be given effect through relevant Circulars/Notifications which alone shall have the force of law.