TAILIEUCHUNG - Hello Young Entrepreneur A. Senthivel

Why this trouble? 2nd Aug 2012. The morning news troubled me. A leading travel agent had committed suicide, in his mature age of 50 plus, because of debts, as reported in newspapers! This is not the only one case of suicide but I have read several such instances in the newspaper of people having committed suicide because of their insoluble debt problems. The news kindled my thoughts. As an entrepreneur, I have also committed serious mistakes in managing my business and finances. Without mistakes, we cannot learn. But it is not always necessary that we learn only from our own. | Hello Young Entrepreneur A. Senthivel Co-author Life is Fundamentally Management Published by A. Senthivel at Smashwords Copyright 2013 A. Senthivel Table of contents 1. Why this 2. Is the universe conspiring against you .6 3. Do we exercise choice .8 4. What is the ideal way .28 1. Why this trouble 2nd Aug 2012. The morning news troubled me. A leading travel agent had committed suicide in his mature age of 50 plus because of debts as reported in newspapers This is not the only one case of suicide but I have read several such instances in the newspaper of people having committed suicide because of their insoluble debt problems. The news kindled my thoughts. As an entrepreneur I have also committed serious mistakes in managing my business and finances. Without mistakes we cannot learn. But it is not always necessary that we learn only from our own mistakes. We can learn from others mistakes too. There is one more way to avoid all mistakes completely - not do anything at all in life. I am sure you will agree that this will be the greatest mistake that one can commit in life - doing nothing At small levels where the company is run by one individual or by a small group of people accountability to debts takes a personal colour whereas with huge corporate companies it becomes a formal thing when that company files for bankruptcy. In the case of big companies everything is mutually agreed beforehand - right at the time of floating a company and asking people to subscribe for shares it is clearly told that it is subject to risk to the extent of even filing for bankruptcy when things go too bad Here our focus is not on a relatively few big business houses but the focus is on the relatively large and very large segment of small entrepreneurs - who play in the range of one crore to about 50 crores of turnover a year. Not all of us enter business with an MBA. Nor do all MBAs display that practical sense which is needed to run a business .

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