I had this debate recently with a leading entrepreneur of Delhi, over just what is the ideal Business Model in these turbulent times. What came up in the debate was a list of characteristics that investors might also look for, in the businesses they prefer. For entrepreneurs, this constitutes a “to-do” list that modifies their …
Questioning Divinity A Debate On The Characteristics Of The Perfect Business Read More »
As explained before, hedging means protection. It is like Insurance, in the sense that it protects your wealth (or reduces your Risk) rather than maximizes (your wealth). It is trading ($, Gold, Silver, Re, equities, etc.) to ensure that you get ADEQUATE (i.e. the Budgeted) realization on (say) your $ exports. It takes a satisficing …
A Primer On Hedging…..contd. Frequently Asked Questions III Read More »
In the short run, the view forward is based on what we can see. In the medium term, our view is based on what we can anticipate; for this, we have to look around corners and anticipate the complex interplay of market forces based on the rules of Behavioural Economics. And in the long run, …
The Global Financial Crisis (GFC) of 2008 was an event, while the Great Recession (2008 – till now) was the aftermath. That is the relationship between a point and a line; if we try and make it even finer, we can say that the GFC started with an epicenter, the ‘Lehman moment’. Poor Mr. Lehman …
Almost all through my childhood and youth, I have read that Malthus and his theory were wrong. In later writings, he was seen as a bit of an oddity, somewhat like the first “boneshaker” bicycles with their huge front wheels and small back wheels…..wasn’t it obvious that it would be more comfortable to have both …
Malthus Laughs Last : Long Term Demographic Decline Read More »
With Brazil dropping to 2.5% GDP growth, Russia and South Africa dependent on (falling) commodity prices, only India and China are still above 5%, the base rate of growth required to be an ‘emerging’ country, which emerges….. Of particular interest to us, will the ‘I’ in BRICS be replaced by Indonesia, and of passing interest, …
Deleveraging Before Emerging : Will BRICS Become A Four-Letter Word Like OECD? Read More »
There is a normal correlation between the various financial (listed) markets, which is mathematically/ statistically measurable. Sometimes these correlations break down when different parts of the larger markets see different things. These break-downs are usually temporary, as the market resolves these contradictions and settles down in favor of one view or the other. Declaimer: This …
A Cross Eyed Market : Looking London Talking Tokyo Read More »
Inflation happens when too much money is chasing too few goods and services. That is why Milton Friedman once said that “Inflation is everywhere and always a monetary phenomenon”. At this point, when the monetary authority (the RBI) has just passed on the (inflation fighting) baton to someone else (the Govt), it would be appropriate …
An Agenda For Inflation A Prescription For Increasing Productivity Read More »
Investing is a complex business, not in the elucidation of the rules, or even their implementation, but in outlining/ knowing/ anticipating and providing for the exceptions to the rules. Declaimer: This article written was originally in June 2011, and some of the data points may be outdated. New writing by philosophers like Nassim Taleb spends …
The Alligators In The Moat When Perception Does Not Equal Performance Read More »
I have recently been co-opted onto the Research Team of arguably the world’s leading writer on Economics (4 New York Times bestsellers in the last 10 years). He is writing a new book, which forecasts the shape of things to come over the new millennium. Declaimer: This article written was originally in July 2006, and …
Oh Death, Do Us Apart : Decay and Decline in the World’s Most Oppressive Institution Read More »
As a participant in the Dr Mentoring Program (DMP) four years ago, I can say with confidence that the program has been instrumental in shaping my approach towards managing operating cash flow and developing strategies for becoming a successful doctor entrepreneur.
Under the guidance of Mr. Sanjeev Pandiya, a seasoned ex-CFO of many listed companies like SRF, Jindal Steel, and Haulonix, the program provided us with invaluable insights into the financial aspects of running a medical practice. From understanding the basics of accounting and financial statements to learning about cash flow management, the program covered all the essential concepts required to successfully run a medical practice.
Moreover, Mr. Pandiya’s expertise and guidance helped us develop a strategic mindset to approach our profession as entrepreneurs. We were taught how to think outside the box and innovate to create unique offerings and build a brand that sets us apart from the competition.
Overall, I can confidently say that the DMP has had a profound impact on my professional growth as a doctor entrepreneur. The program’s emphasis on financial management and strategic thinking has equipped me with the tools to build a successful and sustainable medical practice. I would highly recommend this program to any doctor looking to enhance their entrepreneurial skills and take their practice to the next level.
Regards,
Dr Yatin Shinde
Indapur
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