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From Failure to Fortune

fortune favours the brave

From Failure to Fortune
These eight business legends are proof that tough circumstances and early rejection are no

match for optimism in one’s ability to succeed

By Douglas MacMillan

Michael Jordan was cut from his high school basketball team. The Beatles blew an audition

with Decca Records, which told them that guitar bands were “on the way out.”

Somewhere in the course of almost every great success story, there is failure. “Most

progress comes from learning from failure,” says Albert Bandura, the Stanford psychology

professor who pioneered the concept of self-efficacy—a belief that you have the ability and

means to accomplish a certain task. Though it may sound counterintuitive, many who exhibit such confidence owe it

more at businessweek

Posted
February 7th, 2012

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10 Leading Socially Engaged Nonprofits

10 Leading Socially Engaged Nonprofits

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Posted
February 6th, 2012

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The amazing success story of redBus

Phanindra Sama

Phanindra Sama, the chief executive officer of redBus.in, is yet another engineer who chucked his lucrative job to start an enterprise of his own.

In fact, redBus.in was founded by three engineers — Phanindra Sama, Charan Padmaraju and Sudhakar Pasupunuri — who studied together at the BITS, Pilani, and later worked in various companies in Bengaluru.

Started modestly in August 2006 with a few seats from one bus operator, redBus today is one of the most successful online bus ticket booking agencies. Today, it has 700 bus operators, 10,000 buses listed on it, works in 15 states and sells around 5,000 tickets every day.

Last year Phanindra became the second entrepreneur from India to join Endeavor, a non-profit organisation started by the Harvard alumni.

In an interview with Rediff.com, Phanindra speaks about his journey from an engineer working for a company to an accidental entrepreneur
more at rediff

Posted
November 24th, 2011

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10 Differences Between Self-Made Billionaires And You

Why do some people become extremely successful, while the rest of us work really hard and do fine but not great?
Robert Jordan interviewed 45 founders for his book, “How They Did It.”
Each entrepreneur started a company from nothing and either sold for $100 million+ or went public for $300 million+. In total, those interviewed created roughly $41 billion from scratch.
We asked Jordan what separates extremely successful business people from everyone else.

more at businessinsider

Posted
November 24th, 2011

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Recipe for success

A soccer ‘godfather’ tells Tang Zhe the only way to improve the game in China is to take it back to school
Not much was expected of the Chinese soccer team at the Summer Universiade as knockouts at the group stage have become routine for the country’s national teams in recent years.
However, the players on this young side drew fans back to the game by cruising into the quarterfinals, where they performed encouragingly before losing to four-time Universiade champion Japan 3-2.
They played their best and made their country proud, but for Chinese soccer to improve even more, the battle ahead will be waged as much off the pitch as on it.
“The biggest gap between Chinese and Japanese soccer lies in the development of the youth,” said Jin Zhiyang, head coach of the Chinese Universiade team. “We have fallen behind them in every age group. They have soccer classes from primary school, and that wide base provides them with more talent to select.”
The 67-year-old Jin was called “the godfather of Beijing soccer” for his success at Beijing Guo’an soccer club in the 1990s. He also assisted Serbian coach Bora Milutinovic as the Chinese national team prepared for the 2002 World Cup.
However, he retreated from the frontline of Chinese soccer in 2003 and started to coach the campus team at the Beijing Institute of Technology, China’s only college team which competes in the nation’s second-tier league, and contributed 16 players to the 20-man Universiade squad.

more at chinadaily

Posted
August 22nd, 2011

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5 Reasons Why You Need a Business Plan

Writing a business plan doesn’t mean you have to hole away in a library for months compiling 40-plus pages of text. You can create a plan in under a month, working part time. Use a presentation format like PowerPoint or Keynote to save time, and make it easier to share your plan.

more at inc

Posted
July 15th, 2011

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HP bullish on India, says innovation is key to success

Vyomesh Joshi, executive vice president of Hewlett-Packard’s imaging and printing business, spoke about the company’s India-focus growth plans in an exclusive interview with CNBC-TV18’s Shereen Bhan.
Here is the transcript of the exclusive interview. Also watch the accompanying video.
Q: Today, along with Todd Bradley, who will be looking after China, you have been assigned the responsibility of looking out for HP’s expansion and growth in India specifically. Can you take me through what this change in role and responsibility means for you?
A: I think in addition to managing imaging and printing globally Leo Apotheker wanted us to focus on two big countries—India and China; Todd is going to China and I am going to focus on India and help to accelerate growth here.
Q: What is happening in Asia Pacific region? The revenues from there are up 10% versus just 2% in the US and the 1% decline in revenues from Europe. How bullish and optimistic are you about the growth in the Indian market specifically and how much do you think India is going to contribute to HP’s Asia Pacific revenues?
A: India has tremendous gross domestic product (GDP) growth and this is going to continue. Also, you have a very vibrant consumer and small & medium business market and there are many enterprise businesses growing in India. So we feel it’s a great opportunity. I am here in a listening tour; I am trying to spend some time with the Indian leadership team and with the customers. I am very bullish about India growth.