Archive for August 9th, 2007

Stock picks

Thursday, August 9th, 2007

I am new at investing in the stock market. 

I think the Indian Stock Market is poised to expand steadily. Profits of the BSE Index companies is growing 20 to 30% tis year so keeping th same PE multiples, it seems very likely that the Index will grow by atleast 20 - 30% this year.

So if I stay invested in the Index companies I should atleast equal the index?

Which companies are good picks for 6 to 12 months?

Rama

The wonders of the Internet

Thursday, August 9th, 2007

I attended the Global Internet Summit in Dubai in December 2006. Before that I had attended a teaser 2 hrs given by Richard Tan in October 2006 and his pitch convinced me to sign up for the US$ 800 program.

I did not know anything about Internet businesses or websites but it all sounded very interesting and something with great potential.

So promptly I conceived of 3 businesses based on what I knew at that time. Selling Korean cosmetics- I had a supplier, incorporating offshore companies in the tax haven of Seychelles - again I had some experience in this, and offering online consultancy for restructuring small and medium businesses.

Writing up the project outlines was easy. The I blundered through Elance ad Rentacoder.com. Put my projects up for bidding and then was completely bewildered on how to move further forward.

I signed up for David Cavanagh’s newbie course and Tom Hua’s ebooks. These got me started. Ravindr Deshpande, a close colleague worked with me and helped me with the drudgery of catalogues and the back and forth checking of the contractor’s progress. - I cringe at the thought of checking the web site line by line!

The wonderful thing was that I could access truly fantastic people who helped me with newsletters, copy writing, emails, content, payment gateways, MS Front page and SEO.

I had 2 websites live within 7 months of starting work on them as a newbie. Only the wonderful world of the WEB could make this happen!

Rama

Am I doing enough?

Thursday, August 9th, 2007

Sometimes I feel I am not doing enough in life. When is enough?

I am developing 3 Internet businesses, expanding a children’s clinic, building a logistics business for a friend and working on my spiritual program.

Every few months I feel I am not doing enough and I want to tinker with my life. Mostly seek a geographical solution! I know I shouldn’t, but…

Rama

Choosing to out source

Thursday, August 9th, 2007

Hi,

I have been working on out sourcing the creation of a website, www.restructuringhelp.com to offer business restructuring consultancy since October 2006.

The first contractor in Serbia returned my advance in January 2007 without any progress. He kept having various personal problems.

The next contractor, in Indore, India ended up costing me US$ 300 and I have a website which doesn’t work. I paid half to get my files.

The third contractor in Dhaka, Bangladesh cost me US$ 200 as advance after which he has disappeared. He built another site for me very satisfactorily. I cannot locate him.

Now I have contracted a 4th company in Ahmedabad, India and am hoping to see some result.

Thankfully, 2 other web sites I started in October 2006 are now live. www.taxhavencompany.com and www.cosmetics-hair.com.

Now I wonder whether I shouldn’t get into the consultancy business?

When am I going to have my first sale?

Thursday, August 9th, 2007

Hello,

I went live with www.cosmetics-hair.com in June 2006 and am marketing it through forums, an expanding email list and SEO. So far I have about 1200 unique visitors who are deciding on whether to buy from my site.

What should I do next?

Rama