a dream is not what comes to u while sleeping but it is what doesnt let you sleep...

Imagination takes us to the world where we fly, birds dance, flowers speak and where offices are perfect, people mingle easily with each other, bosses give unbiased reviews, everybody talk to each other with good intentions (without being selfish), ideas free flow (better say there is space for ideas), you learn new things (not doing the same thing over and over) and you get intellectual people there. But not all the dreams come true, not all the imaginations bring fruits.

It was my first exposure to the corporate world when I entered there for my summer internship project, with a reputed company. I had my own assumptions regarding the corporate life, none of which came true when I joined. Birds were not supposed to dance in the world of practicality, flowers were not supposed to talk. Only thing where this experience has helped me is in building in me a strong desire to become an entrepreneur. I have given a good amount of thinking about my personality, what makes me happy, what is my turning on points etc. Once I had an eccentric discussion with my MBA Prep coaching classes’ Director on the day after my final selection call for SIBM, about the futility of MBA. “Throughout your MBA course it will look useless to you, but if it makes you realize your dream and what you want to be in life, you will understand value of MBA. In fact this is only thing in MBA worth looking forwards to – attitude, which you acquire there is with you for a life time. You will need nothing else in life once you get the right attitude and your choice. Everything, then, will fall in place” said he. Today I realize, although to only some extent, how true it is.

I am devoting most of my energy for last few days (not to mention sleepless nights that i am going through) towards cherishing my dream- to contribute towards education industry (more about it in any of the next blog entries). At the same time I am also working with a friend of mine on the business plan which we had presented in Innovation Challege 2008 and won the first prize. Currently I am working as the HR Consultant for the company. The level of freedom of taking decisions and challenges is enormous and gives a diferent kind of feeling altogether. Now i am planning about going in full terms as an entrepreneur. If everything goes as per planning sibm will get one more entrepreneur from its soil. In reality, I will never be able to forget sibm for making me realize where my true flair lies. At the end of the day what matters is whether we are satisfied or not, whether or not are you following a distant dream? A dream is not something which comes to you while sleeping, it is what does not let you sleep.....let me work upon my dream once and see what comes out of it. Two main things which are driving me towards education sector are- all my passions will be fulfilled there and freedom of work while staying in your own state, with your family, friends, people whom you know, who know you. Hopefully I will be able to make a positive difference (education system needs a lot of them) in a better way in an area where my interest lies.

I am looking forward for a partner, enthusiastic about a career in education sector, to make our journey together.
- sunil Rao

“Does petrol cost us what its price is?” – one more reason to be an entrepreneur..

What was the cost of petrol when you bought last time? 53.5? or 45 ? or 39? Okay whatever be the price; is it possible that the person buying next to you is buying cheaper than you? Or may be dearer than you? Is it possible? YES. It is. How? Read on...
There is difference between the price of petrol bought by an entrepreneur and petrol bought by a person working as an employee. It is the rate of tax and calculation method, that create the whole difference.
For the sake of building the model we assume that tax rate for everyone in the country is 30%. We also take market price of petrol as Rs 50/litre. If the income of an employee is Rs 100, after tax he is getting only 70 and hence for him the petrol is costing around Rs 71.42 (50/70*100) effectively because he is paying 50 Rs out of his income of Rs 70. On the other hand, for an entrepreneur the same kind of an expenditure gives a tax shield to the effect of 30% (how ethical, showing personal expenditure in business, is a different issue)which makes his income of 100 as 130 effectively. So for him, effective price of petrol is Rs 38.46 (50/130*100) only. The same logic goes on when we buy laptop or a software or electricity and so on and so far.
So what’s the lesson – there is one more reason to become an entrepreneur – effective use of tax slabs.

People leave their highly rewarding jobs to realize a distant dream of their own and become an entrepreneur. So if a good idea strikes me, will I go on to become an entrepreneur? The thought of starting something of my own is becoming more and more prominent in me for quite some time. But sometimes I think I am not ready yet. I don’t have any experience in the way things move in corporate world. May be I would like to have a firsthand experience with corporate and then 5 or 7 years down the line I may think of becoming one. Let’s see how things turn out.