Business Ideas, Innovation

The Rice Husk Power Experiment

In 2007, Gyanesh Pandey set up Husk Power Systems (HPS) in his native state of Bihar after he quit a well-paying job in in the US. He roped in three friends — Ratnesh Yadav, Charles Ransler and Manoj Sinha — who shared his vision to bring reliable and affordable power to India’s hinterland, especially Bihar.

It took five years of research to identify the technology, one that would make use of non-conventional fuel — rice husk — and suit the economics of rural electrification. That done, in 2008, a remote village in West Champaran district of Bihar called Tamkuha was lit up for the first time, 60 years after Independence.

HPS had the ingredients for success in place. Rice husk was available at Rs 60 per quintal (100 kg); it took an average of three quintals of rice husk a day to generate 32 kilowatts of power, enough for 500 households. The running cost of a plant came to about Rs 20,000 a month. Power was supplied at Rs 80 a month; it could power two CFL bulbs (15 watt each) and a mobile charging point. HPS supplied 7-8 hours of power to these villages after sundown.

Click Here for the full story

Marketing

What a 9-Year-Old Can Teach You About Selling

If you want your conversations to have a real impact, you need to simplify your message.

I recently read a study that confirmed my suspicion that most people don’t remember what we present to them in a sales call. The data suggested that the average buyer in a meeting will only remember one thing–one!–a week after your meeting.

Oh, and by the way: You don’t get to choose what that one thing is. Sigh.

Click Here for this interesting article

Business Ideas, Social Entrepreneurship

The Maids’ Company

The Maids’ Company is a social enterprise that aims to revolutionize the domestic housekeeping sector by improving service quality, while upholding the rights of domestic workers. Through our pioneering approach, our maids become co-owners in the enterprise and enjoy a fair share of equity. Naturally, the workers are motivated to provide a great service experience that ensures a satisfied client.

While the maids are guaranteed a steady income, worker protection and increased access to a range of well being initiatives and financial services, the clients stand to benefit by engaging with a company that is sensitive to their household needs, as opposed to the constant tussle with maids over several issues.

To gain an insight into the several issues that domestic workers face in India, we urge you to visit this page.

Click Here for the website and business model

Business Ideas, Motivations, News

The Flying Car

This week the Dutch company PAL-V announced the first flights of its prototype “flying car”.
This unique vehicle is called the PAL-V One, or the ‘Personal Air and Land Vehicle’, and It marks the start of a new era.

On the ground the vehicle drives like a sports car. Within minutes its rotor is unfolded and its tail is extended: then it is ready to take off thanks to the advanced gyrocopter technology.

With these successful test results it is proven that it is not only possible to build a flying car but also that it can be done within existing international rules for both flying and driving.

Having passed this important milestone the company is now inviting investors to join them in creating the future.

The next step will be the design of the first commercial production model of the PAL-V, and first deliveries are expected in 2014.

For 100 years people have dreamed of a flying car, and many attempts have been made to realize this dream, but now it has truly become a reality. www.PAL-V.com

People / Stories

Stress Busters

Work related stress is growing day by day, more so for entrepreneurs, who juggle multiple tasks and multiple roles all the time. Further, mental stress can manifest itself in many physical ailments like stomach ailments, migraine, ulcers, etc. So how does one handle stress and find a balance which is manageable ? What should you do and what should you avoid to make life stress free ? Here are 6 pointers which may be useful :

1. Express yourself :  Whenever you feel stressed, talk to your colleagues or your boss or your subordinates. Mention what is causing the stress and how you would like to relieve it. Communication can go a long way to reduce stress, since exchange of ideas acts as a buffer and puts some perspective in how you perceive stuff which gives you stress in the first place. If you can’t talk, just try and put things down on paper and get it out of your system.

2. Break projects down into smaller parts : Large projects look very much insurmountable when you look at them in the beginning. Breaking them down into smaller parts / steps makes them easy to attempt and get started. Once you see and attempt one step at a time, it is not so overwhelming, and you may not even realize what you are doing till such time you have completed it !

3. Prioritize : The 80-20 principle always works ! If you can identify those 20% tasks which make 80% impact, attack them first. This way, your priorities are taken care of and if those unimportant tasks get left out, it just does not matter ! “Tomorrow is another day!”

4. Learn to say no : Many a times, stress is caused by one’s inability to say no to a client or a colleague. Unreasonable expectations of what you’re capable of accomplishing are a huge source of stress–regardless of whether those expectations come from yourself, from your boss, or from your customers.The more you take up, the higher the pressure to get it done. Identify situations when you should be able to say no and bring the pressure down on yourself. Stop thinking of yourself as a super-hero and learn to say no sometimes.

5. Create your own space : In the past, people worked 9 to 5; in today’s business environments, there’s pressure to work (or at least be available) 24/7. That pressure generates lots of stress. You could easily shut down your computer and mobile phone during lunch hour. Spend this personal time reading something you like (updates on your hobbies) or talking to your colleagues or just cracking silly jokes !  You can also try shutting down your computer for a couple of hours before and after sleep. Nothing is going to be lost and the gains will be immense.

6. Ignore the Uncontrollable : There are always events that you simply can’t control: the economy, traffic, politics, other people’s emotions, customer decisions, and so forth. Worrying about stuff you can’t control isn’t going to make an iota of difference either in the short or the long run. It’s wasted energy and extra stress you don’t need. Change what you can change and shrug off what you can’t.

Ultimately, stress is your individual response to situations rather than the situation itself.  So, if you are determined that your response will be balanced, reasonable, practical and humorous, you need not worry about stress for the rest of your life !

E-Series                     Yazdi Tantra

Business Plans, Motivations

Businessworld Young Entrepreneur Awards

Bill Gates was 17 when he set up his first company. Steve Joos and Mark Zuckeroerg were 16 anc 21 respectively.
Most Great Entrepreneurs Start Young…

1) If you are below 35 years of age…

2) If you have started an innovative start up in the past five years…

Please download the application form for the Businessworld Young Entrepreneur Awards contest from www.businessworld.in, and apply with the requisite details. A jury of eminent people will choose the winners in two categories. The chosen ones will feature in a special issue of Businessworld.
LAST DATE FOR ENTRIES: May 15, 2012

Innovation, Motivations, News

Self-Driving Car Test: Steve Mahan

We announced our self-driving car project in 2010 to make driving safer, more enjoyable, and more efficient. Having safely completed over 200,000 miles of computer-led driving, we wanted to share one of our favorite moments. Here’s Steve, who joined us for a special drive on a carefully programmed route to experience being behind the wheel in a whole new way. We organized this test as a technical experiment, but we think it’s also a promising look at what autonomous technology may one day deliver if rigorous technology and safety standards can be met.

Social Entrepreneurship

Scaling New Peaks

Local problems, global solutions
Living in the shadow of the majestic mountains, Bharti and Jain soon found that a number of conditions were hampering the economic progress of the people of their locality. They set up a social organization, AVANI, to help local communities access basic infrastructure amenities like electricity.AVANI was set up as the Kumaon Chapter of The Social Work and Research Center, also known as the Barefoot College, based in Rajasthan.

“We worked on the premise that everyone can do everything if they are provided with the opportunity. We also believe you have to trust people, so we never look for professional qualifications; instead we help train the labor force,” explains Bharti.

Click Here for an interesting story

Finance

Factoring In The SME Sector

India Factoring and Finance Solutions — a joint venture NBFC between Punjab National Bank, Malta-based credit institution, FIM Bank Group, Italy-based Banca IFIS and Blend Financial Services of Mumbai — is in the business of ‘factoring’ – providing trade finance services for small and medium enterprises (SMEs) and small-scale industries with a special focus on the ever-increasing international (export and import) and domestic factoring.

India Factoring CEO Sudeb Sarbadhikary talked to BW’s Tanushree Pillai about what ails the SME sector and what needs to be done.

Click Here for the interview