Monday, 22 June 2015

planning to register an NGO in india? you need to read this

Recently i have registered my own NGO "RISE ALL FOUNDATION TRUST". Initially when i thought of registering my social project into an NGO i didnt know a thing about registering something or making it recognised legally.

So first thing I did was to ask my god There came the suggestions to hire a consulting firm to do the job for me. I put on various forums all of whom gave me rough and hassy answers which didnt solve the problem I was facing which simply was...what to do first? and what are the things I need to take care of while going to the registrar? What all i should prepare to do all that?

So here I was wandering here and there asking consultancies who would further scare me, telling me the rocket science behind the thing and would take every step in every direction to convince me to pay a sum of money to them and they would take care of all the problems for me.

Well what I did instead was tried something called a direct approach. i googled the address of the registrar of near my locality( in this case Mehrauli) and went to the place asking stupid questions to smart people and wasting their valuable time. Well my struggle gave out a good fruit and my doubts were solved finally by the NOTARY people who were sitting outside in their cozy chairs.

So it turns out the process is simple, even you can do it yourself.
Step 1: Prepare a trust deed sample of which you can download from Karnataka Govt. website.
            Just google TRUST DEED and you ll get it.
Step 2: Edit the already prepared deed according to your requirements and put in suitable names.
Step 3: Arrange at least 2 more trustees and 2 witnesses. Remember that the trustees and witnesses                   both must not be your family members if you are the settler/president.
Step 4: Now you need to declare the initial assets of the trust (the assets which are initially in the                     trust).
Step 5: According to the declaration of the assets a stamp paper will be made( this will be done by                   Notary).
Step 6: A Demand draft has to be made in the name of the registrar the 'in favour of' will defer                         according to the registrar office you register in( again notary will guide you on that).
Step 7: Two photographs of all the trustees, id proofs of the witnesses and the trustees, address proof               of the official address of the trust(or if there is a rent agreement an NOC is needed from the                 property owner)
Step 8: Get the documents right and get it signed by the SDM or registrar.
Step 9: Collect the duly signed document the next day or a pre decided day.

Now you have to register for a PAN card. For that if you know the CA personally the official charges are around Rs.100/-. CA charges would be around Rs. 500/-. The card will come in around 10 days.

Then there is a whole different procedure for the current account which takes around 4-5 working days. You have to submit copy of trust deed, photograph of you and some more documents that the bank will ask for.

i hope this helps. Let me know if you have any doubts.

PS. the address of the office must be in the legal boundary declared by the Govt. commonly known as the red boundary.

Sunday, 21 June 2015

The 100 Rules for Being a First-Time Entrepreneur

I read it somewhere.. so thought of sharing with ya... have a look its great..

If you Google “entrepreneur” you get a lot of mindless cliches like “Think Big!” For me, being an “entrepreneur” doesn’t mean starting the next “Faceook”. Or even starting any business at all.

It means finding the challenges you have in your life, and determining creative ways to overcome those challenges. However, in this post I focus mostly on the issues that come up when you first start your company. These rules also apply if you are taking an entrepreneurial stance within a much larger company (which all employees should do).

Just as good to be an “entreployee” as an “entrepreneur”. Either one will help you survive this world of increased economic uncertainty.

For me, I’ve started several businesses.

Maybe 17 have failed out of 20. I fail quickly. I fail frequently. 

Entrepreneurship is a sentence of failures punctuated by brief success.

I’m invested in about 28 private companies. I’ve advised probably another 50 private companies. I’m on the board of several private companies and one public company. The companies ranging from $0 in revenues to a billion in revenues.

Along the way I’ve compiled a list of rules that have helped me deal with every aspect of being an entrepreneur in business and some in life.

Here’s the real rules:

A)        It’s not fun. I’m not going to explain why it’s not fun. These are rules. Not theories. I don’t need to prove them.

But there’s a strong chance you can hate yourself throughout the process of being an entrepreneur. Keep sharp objects and pills away during your worst moments. And you will have them. If you are an entrepreneur and agree with me, please note this in the comments below.

B)        Try not to hire people. You’ll have to hire people to expand your business. But it’s a good discipline to really question if you need each and every hire.

C)       Get a customer. This seems obvious. But it’s not. Get a customer before you start your business, if you can.

So many people say to me, “I have an idea. Can you introduce me to VCs?”
There is a HUGE gap between “idea” and “professional venture capital”.
In the middle of that gap is “customer”.

D)        If you are offering a service, call it a product.

Oracle did it. They claimed they had a database. But if you “bought” their database they would send in a team of consultants to help you “install” the database to fit your needs.

In other words, for the first several years of their existence, they claimed to have a product but they really were a consulting company. Don’t forget this story. Products are valued higher than services.

And almost EVERY major software product company was a service company in the beginning. Don’t forget that.

E)       It’s OK to failStart over. Hopefully before you run out of money. Hopefully before you take in investor money. Or, don’t worry about it. Come up with new ideas. Start over.

F)         Be profitable. Try to be profitable immediately. This seems obvious but it isn’t. Try not to raise money. That money is expensive.

G)        When raising money: if it’s not easy then your idea is probably incapable of raising money. If its easy, then take as much as possible. If its TOO easy, then sell your company (unless you are Twitter, etc).
(if its too easy, sell your company)

H)        The same goes for selling your company. If it’s not easy, then you need to build more. Then sell. To sell your company, start getting in front of your acquirers a year in advance. Send them monthly updates describing your progress. Then, when they need a company like yours, your company is the first one that comes to mind.

Don’t be like that guy in the TV show “Silicon Valley”. If someone offers you ten million for a company that has no revenues, then sell it. Not everything is going to be a Facebook. And even the Google guys tried to sell their company for ONE MILLION DOLLARS to Yahoo before they were revenue positive.


I)          Competition is good. It turns you into a killer. It helps you judge progress. It shows that other people value the space you are in. Your competitors are also your potential acquirors.

J)         Don’t use a PR firm. Except maybe as a secretary. You are the PR for your company. You are your company’s brand. You personally.

I’ve never had a good PR company. I’ve had good PR secretaries. But they are cheaper. One time I hired a PR company and they accidentally sent me the contract for Terry Bradshaw. He was paying $10,000 a month. How did they do for him?

K)        Communicate with everyone. Employees. Customers. Investors. All the time. Every day.

Employees want to know what to do. And they want to know you are thinking of their overall career.

Customers want to know how to keep their bosses calm.

Investors want to be your friend and want to know they can count on you when time’s are tough.

L)         Do everything for your customers. This is very important.
Get them girlfriends or boyfriends. Speak at their charities. Visit their parents for Thanksgiving. Help them find other firms to meet their needs. Even introduce them to your competitors if you think a competitor can help them or if you think you are about to be fired. Always think first, “What’s going to make my customer happy?”

Note: EVEN if that means introduce them to a competitor. If you are the SOURCE, then everybody comes back to the source.

M)        Your customer is not a company. There’s a human there. What will make my human customer happy? Make him laugh. You want your customer to be happy.

N)        Show up. Go to breakfast/lunch/dinner with customers. Treat.

O)        History. Know the history of your customers in every way. Company history, personal history, marketing history, investing history, etc.

P)         Micro-manage software development. Nobody knows your product better than you do. If you aren’t a technical person, learn how to be very specific in your product specification so that your programmers can’t say: “well you didn’t say that!”

Q)        Hire local. You need to be able to see and talk to your programmers. Don’t outsource to India. I love India. But I won’t hire programmers from there while I’m living in the US.

R)        Sleep. Don’t buy into the 20 hours a day entrepreneur myth. You need to sleep 8 hours a day to have a focused mind.

If you are working 20 hours a day, then that means you have flaws in how you are managing your time. You can argue about this but it’s true.

S)         Exercise. Same as above. If you are unhealthy, your product will be unhealthy.

T)         Emotionally Fit. DON’T have dating problems and software development problems at the same time. VCs will smell this all over you.

U)        Pray. You need to. Be grateful where you are. And pray for success. You deserve it. Pray for the success of your customers. Heck, pray for the success of your competitors. The better they do, it means the market is getting bigger. And if one of them breaks out, they can buy you.

V)       Buy your employees gifts. Massages. Tickets. Whatever. I always imagined that at the end of each day my young, lesbian employees (for some reason, most employees at my first company were lesbian) would be calling their parents and their mom and dad would ask them: “Hi honey! How was your day today?” And I wanted them to be able to say: “It was the best!” Invite customers to masseuse day.
W)       Treat your employees like they are your children. They need boundaries. They need to be told “no!” sometimes. And sometimes you need to hit them in the face (ha ha, just kidding). But within boundaries, let them play.

X)        Don’t be greedy pricing your product. If your product is good and you price it cheap, people will buy. Then you can price upgrades, future products, and future services more expensive. Which goes along with the next rule.

Y)        Distribution is everything. Branding is everything. Get your name out there, whatever it takes. The best distribution is of course word of mouth, which is why your initial pricing doesn’t matter.

Write a blog about your industry and be very honest about all the flaws (even your own) that is currently in your industry.

Authenticity is the best branding.

Z)         Don’t kill yourself. It’s not worth it. Your employees need you.
Your children or future children need you. It seems odd to include this in a post about entrepreneurship but we’re also taking about keeping it real.

Most books or “rules” for entrepreneurs talk about things like “think big”, “go after your dreams”. But often dreams turn into nightmares. I’ll repeat it again. Don’t kill yourself. Call me if things get too stressful. Or more importantly, make sure you take proper medication

AA)     Give employees structure. Let each employee know how his or her path to success can be achieved. All of them will either leave you or replace you eventually. That’s OK. Give them the guidelines how that might happen. Tell them how they can get rich by working for you.

BB)      Fire employees immediately. If an employee gets “the disease” he needs to be fired. If they ask for more money all the time. If they bad mouth you to other employees. If you even think they are talking behind your back, fire them.

The disease has no cure. And it’s very contagious. Show no mercy. Show the employee the door. There are no second chances because the disease is incurable.

I don’t say this because I want anyone to be hurt. But if you’ve followed the rules above then you are treating employees well already. NOBODY should spread the disease and badmouth you or your customers.

CC)      Make friends with your landlord. If you ever have to sell your company, believe it or not, you are going to need his signature (because there’s going to be a new lease owner)

DD)     Only move offices if you are so packed in that employees are sharing desks and there’s no room for people to walk.

EE)      Have killer parties. But use your personal money. Not company money. Invite employees, customers, and investors. .

FF)       If an employee comes to you crying, close the door or take him or her out of the building. Sit with him until it stops. Listen to what he has to say. 

If someone is crying then there’s been a major communication 
breakdown somewhere in the company. Listen to what it is and fix it. Don’t get angry at the culprit’s. Just fix the problem.
(you don’t want your employees to be sad.)

GG)     At Christmas, donate money to every customer’s favorite charity. But not for investors or employees.

HH)     Have lunch with your competitors. Listen and try not to talk. One competitor (Bill Markel from Interactive 8) once told me a story about how the CEO of Toys R Us returned his call. He was telling me this because I never returned Bill’s calls. Ok, Bill, lesson noted.

II)        Ask advice a lot. Ask your customers advice on how you can be introduced into other parts of their company. Then they will help you. Because of the next rule…

JJ)        Hire your customers. Or not. But always leave open the possibility. Let it always dangle in the air between you and them. They can get rich with you. Maybe. Possibly. If they play along. So play.

KK)     On any demo or delivery, do one extra surprise thing that was not expected. Always add bells and whistles that the customer didn’t pay for.
This is such an easy way to over deliver I’m surprised people don’t do it 100% of the time. They do it maybe 1% of the time. So this is an easy way to compete and surprise and delight.

LL)      Understand the demographic changes that are changing the world. Where are marketing dollars flowing and can you be in the middle. What services do aging baby boomers need? Is the world running out of clean water? Are newspapers going to survive? Etc. Etc. Read every day to understand what is going on.

LLa) Don’t go to a lot of parties or “meetups” with other entrepreneurs. Work instead while they are partying.

MM)    But, going along with the above rule, don’t listen to the doom and gloomers that are hogging the TV screen trying to tell you the world is over. They just want you to be scared so they can scoop up all the money.

NN)     You have no more free time. In your free time you are thinking of new ideas for customers, new ideas for services to offer, new products.

OO)     You have no more free time, part 2. In your free time, think of ideas for potential customers. Then send them emails: “I have 10 ideas for you. Would really like to show them to you. I think you will be blown away. Here’s five of them right now.”

OOa) Depressions, recessions, don’t matter. There’s $15 trillion in the economy. You’re allowed a piece of it:

FedEx, Microsoft, HewlettPackard, and many huge companies were started in recessions or depressions. Leave economics to the academics while they leave good business to you.

PP)       Talk. Tell everyone you ever knew  what your company does. Your friends will help you find clients.

QQ)     Always take someone with you to a meeting. You’re bad at following up. Because you have no free time. So, if you have another employee. Let them follow up. Plus, they will like to spend time with the boss. You’re going to be a mentor.

RR)      If you are consumer focused: your advertisers are your customers. But always be thinking of new services for your consumers. Each new service has to make their life better. People’s lives are better if: they become healthier, richer, or have more sex. “Health” can be broadly defined.

SS)       If your customers are advertisers: find sponsorship opportunities for them that drive customers straight into their arms. These are the most lucrative ad deals (see rule above). Ad inventory is a horrible business model. Sponsorships are better. Then you are talking to your customer.

TT)      No friction. The harder it is for a consumer to sign up, the less consumers you will have. No confirmation emails, sign up forms, etc. The easier the better.

TTA) No fiction, part 2. If you are making a website, have as much content as you can on the front page. You don’t want people to have to click to a second or third page if you can avoid it. Stuff that first page with content. You aren’t Google. (And, 10 Unusual Things You Didn’t Know About Google)

UU)     No friction, part 3. Say “yes” to any opportunity that gets you in a room with a big decision maker. Doesn’t matter if it costs you money.

VV)     Sell your company two years before you sell it. Get in the offices of the potential buyers of your company and start updating them on your progress every month.  Ask their advice on a regular basis in the guise of just an “industry catch-up”

WW)    If you sell your company for stock, sell the stock as soon as you can. If you are selling your company for stock it means:
  • a.         The market is such that lots of companies are being sold for stock.
  • b.         AND, companies are using stock to buy other companies because they value their stock less than they value cash.
  • c.         WHICH MEANS, that when everyone’s lockup period ends, EVERYONE will be selling stock across the country. So sell yours first.
XX)     Execution is a dime a dozen. If you have an idea worth pursuing, then just make it. You can build any website for cheap. Hire a programmer and make a demo. Get at least one person to sign up and use your service. If you want to make Facebook pages for plumbers, find one plumber who will give you $10 to make his Facebook page. Just do it.

Fail quickly. Good ideas are HARD. It’s execution that is a dime a dozen.

YY)     Don’t use a PR firm, part II. Set up a blog. Tell your personal stories (see “33 tips to being a better writer” ). Let the customer know you are human, approachable, and have a real vision as to why they need to use you. Become the voice for your industry, the advocate for your products. If you make skin care products, tell your customers every day how they can be even more beautiful than they currently are and have more sex than they are currently getting. Blog your way to PR success. Be honest and bloody.

ZZ)      Don’t save the world. If your product sounds too good to be true, then you are a liar.

ZZa) Your company is always for sale.

AAA)  Frame the first check. I’m staring at mine right now.

BBB)   No free time, part 3. Pick a random customer. Find five ideas for them that have nothing to do with your business. Call them and say, “I’ve been thinking about you. Have you tried this?”

CCC)   No resale deals. Nobody cares about reselling your service. Those are always bad deals.

DDD)   Your lawyer or accountant is not going to introduce you to any of their other clients. Those meetings are always a waste of time.

EEE)    Celebrate every success. Your employees need it. They need a massage also. Get a professional masseuse in every Friday afternoon. Nobody leaves a job where there is a masseuse.

FFF)     Sell your first company. I have to repeat this. Don’t take any chances. You don’t need to be Mark Zuckerberg. Sell your first company as quick as you can. You now have money in the bank and a notch on your belt. Make a billion on your next company.

Note Mark Cuban’s story. Before he started Broadcast and rode it to a few billion, he sold his first software company for ten million.

GGG)   Pay your employees before you pay yourself.

HHH)   Give equity to get the first customer. If you have no product yet and no money, then give equity to a good partner in exchange for them being a paying customer.  Note: don’t blindly give equity. If you develop a product that someone asked for, don’t give them equity. Sell it to them. But if you want to get a big distribution partner whose funds can keep you going forever, then give equity to nail the deal.

III)       Don’t worry about anyone stealing your ideas. Ideas are worthless anyway. It’s OK to steal something that’s worthless.

IIIA) Follow me on twitter.

Questions from Readers

Question: You say no free time but you also say keep emotionally fit, physically fit, etc. How do I do this if I’m constantly thinking of ideas for old and potential customers?

Answer:  It’s not easy or everyone would be rich.

Question: if I get really stressed about clients paying, how do I get sleep at night?

Answer: medication

Question: how do I cold-call clients?

Answer: email them. Email 40 of them. It’s OK if only 1 answers. Email 40 a day but make sure you have something of value to offer.

Question: how can I find cheap programmers or designers?

Answer: if you don’t know any and you want to be cheap: use Hire Freelancers & Find Freelance Jobs OnlineElance, or craigslist. But don’t hire them if they are from another country. You need to communicate with them even if it costs more money.

Question: should I hire programmers?

Answer: first…freelance. Then hire.

Question: what if I build my product but I’m not getting customers?

Answer: develop a service loosely based on your product and offer that to customers. But I hope you didn’t make a product without talking to customers to begin with?

Question: I have the best idea in the world, but for it to work it requires a lot of people to already be using it. Like Twitter.

Answer: if you’re not baked into the Silicon Valley ecosystem,  then find distribution and offer equity if you have to. Zuckerberg had Harvard. 

MySpace had the fans of all the local bands they set up with MySpace pages. I (in my own small way) had Stock Market - Business News, Market Data, Stock Analysis - TheStreet when I set up Stockpickr! Your Source for Stock Ideas. I also had 10 paying clients when i did my first successful business fulltime.

Question: I just lost my biggest customer and now I have to fire people. I’ve never done this before. How do I do it?

Answer:  one on meetings. Be Kind. State the facts. Say you have to let people go and that everyone is hurting but you want to keep in touch because they are a great employee. It was an honor to work with them and when business comes back you hope you can convince them come back. 

Then ask them if they have any questions. Your reputation and the reputation of your company are on the line here. You want to be a good guy. But you want them out of your office within 15 minutes. It’s a termination, not a negotiation. This is one reason why it’s good to start with freelancers.

Question: I have a great idea. How do I attract VCs?

Answer: build the product. Get a customer. Get money from customer. Get more customers. Build more services in the product. Get VC. Chances are by this point, the VCs are calling you.

Question: I want to build a business day trading.

Answer: bad idea

Question: I want to start a business but don’t know what my passion is:

Answer: skip to the post: “How to be the luckiest person alive”. Do the Daily Practice. Within six months your life will be completely different.

Question: I want to leave my job but I’m scared.

Answer: same as above question.
The Daily Practice turns you into a healthy Idea Machine. Plus luck will flow in from every direction.

Final rule: Things change. Every day. The title of this post, for instance, says “100 Rules”. But I gave about 70 rules (including the Q&A). Things change midway through. Be ready for it every day. In fact, every day figure out what you can change just slightly to shake things up and improve your product and company.

Your business is not your life. When you start a business you also get a cognitive bias that makes you think your business is GREAT.

Every day make sure you are not smoking crack. The most important thing is your health so you can be persistent. If you smoke crack you can die.

I hope you succeed. Because I really need that smart toilet that sends my doctors text messages after doing urinalysis on my pee every day.
Good luck.

First day in PGDM in NMIMS Hyderabad

It has been a great pleasure writing this article and i look forward to doing this again in future..

Sounds like an MBA right? Well that's what we are taught in this course.
I landed in Hyderabad at 7.25 am in the morning, waited to taxi for like 15 mins, and it took an hour to reach college. I reach here and first thing I notice, the room i was allotted, the other has the key of it. So guess what I had to put my luggage in some other room and had to go to class.

So now i am in my normal, tee-jeans with casual shoes. In my bloody first hour, 10 people ask me about myself and a 100 people are concerned with the fact that I was late. In fact i was asked this question so often that i learnt the answer to that question,
"Dude family vacation.."

Other than that the main issue of concern for all the seniors was the attire of mine. i was wearing casual dress whereas my fellow mates were in their best appearances like a professional in their formal dress codes.

So here i was scolded by almost everyone in my first hour of my MBA.

Well, rest of the day went fine, the mess incharge infact is an old pal from shirpur, so the food thing is sorted. My dad says, wherever you go, set the food guy first. In this case he is already set.

So, not that bad though, but the night was amazing, I made most of my friends in the night. People are very honest and frank during the night and they just want to make friends, have fun and laugh about stupid things etc. this brings people closer i think.

Overall, that was the first day, i had fun. Looking forward to further adventures in these 2 years of hard work aka fun learning.

Thursday, 18 June 2015

Banaras aka Varanasi

This was the time I went with my family to a place called Banaras in the india accent or Varanasi in the international language. Well not to be mentioned my family members seem to be nice people after all. LOL.

Well we aren't here to talk about my family though. Varanasi it is! A place where people sell you wishes of the divine. Every morning they wear their uniforms of color orange or saffron, and they become the salesmen of GOD.

We went to the biggest names in the temples in India. Although we had VIP police escorts who provided us the VIP entries to through the doors of God's house. We didn't shed a sweat, and the people who were in the lines waiting to get a glimpse of their beloved deity were looking at us with strange eyes as we have done something illegal.

I say yes we have done something illegal. I actually felt the shame while walking in front of all those souls.

But the main question is it right?

Does commercialization help in the maintenance of the temples? or is it just a new industry, a type of service industry? Even if it is functioning as an industry, the thing is booming in this place. There are temples where the sadhus are actually paid monthly salaries for their work.

And businesses run just fine. I saw the head sadhu with a Damn Iphone 6, and a high end watch. OMG! that thing was killing me.

They tell us that we would find moksh! what have they got? They aren't even close to moksha! they themselves want to achieve the human desires.

So what are they teaching then? Somewhere in the cost of that iphone 6, there is a donation of a pure hearted man who donated everything he had to his God, and not his salesmen.

I feel sad for the man. And i think we should not donate even a penny to the temples. The Govt. pays for their maintenance.

Lemme know what u feel.