Friday, 29 July 2016

A Child App Idea

#Parents participation in child daily routine can create business billionaires!

The key messages from the blog post titled Empowerment of girl child into business and entrepreneurship are

Child can learn the basics of business right from their childhood.

Key Message A: Father and Mother selling child paintings. Child learning marketing!

Key Message B: Child buying toys. Child learning cost/pricing, appeal and packaging!

Key Message C: Father and Mother can afford the toy that is why they are buying it. Child learning affordability is important for buying!

Key Message D: Child friends want to buy those toys.Child learning word of mouth marketing!

Key Message E: Child sees a variety of toys in the market. Child learning that customers have a variety to choose from!

Key Message F: Child chooses the toys that she likes, which is more fun to play with and that is affordable. Child learns liking adds value to a product when buying!

Key Message G: Production of a painting requires pencils, crayons, erasers etc. Child learning tools for production!

Key Message H: Child has a Piggy Bank at home. Child in the Piggy Bank deposit and grow and then spends the money. Child learning to invest wisely. Child makes financial plans!

Key Message I: Father and Mother chooses a location to buy the toys. Child learning the advantages of a location for buying and selling!

To get more information, visit the blog post: Empowerment of girl child into business and entrepreneurship.

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Share #Parents participation in child daily routine can create business billionaires! #achildappidea on Facebook, Twitter, Google Plus and other social media.

Tuesday, 19 July 2016

Handicraft event & exhibition-handicraft help centre

For this Handicraft event starting from July 2016 onwards, here is the handicraft help centre for this blog. Many First Generation Entrepreneurs and women entrepreneurs and other micro and small businesses can gain information on handicraft, handicraft business opportunities etc through this handicraft help centre or handicraft customer care.

First Generation Entrepreneurs, women entrepreneurs and other micro and small businesses can gain insights on:

1. How handicraft business as a business is less risky business. You can gain this information on  the blog post titled " Handicrafts as a business".

2. Why handicraft business is best for women entrepreneurs? You can gain this information on the blog post titled "one of the soft industries--".

3. The easiest way to start a handicraft business and how to go about selecting the best products and the best artisans for your business. You can gain this information on the blog post titled "The easiest way for women entrepreneurs--".

4. How to market your chosen handicraft products, to collect orders and how to go into production. You can gain this information on the blog post titled "How to market handicrafts".

5. How to price a handicraft piece or a handicraft product, that is where to learn and whom to meet? You can gain this information on the blog post titled "Pricing handicrafts". 

6.  Which are the handicraft items of Odisha, for what purposes they are being used, which are the best handicraft products to start the business with. You can gain this information on the blog post titled " Handicraft items".

7. Handicraft quiz to play. You can gain this information on the blog post titled "Handicraft quiz".

8. Handicraft questionnaire will help you to test yourself how well you are equipped to start the business. You can gain this information on the blog post titled "Handicraft questionnaire".

9.  What other organizations like organizations conducting Entrepreneur Development Programme etc can do to popularise handicraft market? Organizations working on the development of handicrafts can gain this information on the blog post titled "Youth entrepreneurship ideas".

10. How  organizations working on the marketing side of handicrafts can work together with the buying organizations like HHEC of India Ltd and CCIC of India Ltd, State Emporiums and government to help support women entrepreneurs besides artisans cum women entrepreneurs getting a counter inside these showrooms to sell their products. Organizations and women entrepreneurs can gain this information on the blog post titled " Handicraft Marketing".

First Generation Entrepreneurs, women entrepreneurs, micro and small businesses and others can leave their comments on this handicraft help centre/ #handicraftshelpcentre or handicraft customer care here.

Saturday, 2 July 2016

Stock market & trading for beginners

National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are two types of companies listed and there is 50 paisa to Re 1 difference between these two types of companies.

Demat covers equity, bonds, derivatives, Initial Public Offer (IPO), Mutual Fund or Systematic Investment Plan (SIP). Trading is buying and selling.

In equity, equity shares are purchased and sold and this trading depends on daily market. One has to observe the daily market to see if there are changes in the market. One can watch for companies shares values on TV, mobile etc. In equity shares, shares can be purchased from companies when shares are down and sold when shares are up.The time limit is Intraday or delivery. In Intraday shares are purchased and sold on that same day and in delivery shares can be sold any day.

Derivatives is buying and selling of a lot (land) which is for a fixed time that is 3-6 months. It starts with Rs 25,000/- investment.

IPO: In IPO, shares are purchased and sold and there is interest given that varies with companies. It requires initial investment of Rs 5 lakhs. Sensex NIFTY and Sensex Exchange ETF are two examples of IPO companies.

Bond: Bond is long term investment which is 1 year up and one does not need to show Income tax but for others under Demat below 2 lakhs profit, one need not show income tax. Bond is a long term investment and there is annual rate of interest given and again rate of interest may vary from company to company. If the investment is for 3-5 years then may be there may be a locking period also involved meaning money cannot be withdrawn during that period of locking.

Mutual Fund or SIP: In Mutual Fund or SIP, one has to deposit money for a year for a particular amount but if one needs the money urgently, one can also withdraw at the same interest, but the minimum time that one has to keep the money is for 3 months. For Mutual Fund, Net Asset Value (NAV) or interest is decided by the companies which may increase or decrease for a company where one has made the investment. The advantage with Mutual Fund is that after taking out the money whenever needed, one can either furnish that withdrawn amount or need not furnish the withdrawn amount and one can continue depositing that particular amount from the next month because at the time of taking out the money, money is withdrawn along with the interest for that entire period and one can proceed with the next month investment but the minimum period to keep the money is 3 months.

When a share is purchased or sold, then there is company brockerage of about 0.075% on both the shares purchased and the shares sold.

If an individual has already purchased a share from a company and then wants to go for IPO,  then the individual cannot go for IPO but will go for FPO that is Follow Public Offer.

NSE, BSE, NIFTY etc are all under Security Exchange Board of India (SEBI) Guidelines.

In saving accounts in Banks, Banks follow RBI Guidelines, and the rate of interest is same for all the banks.

According to a professional, for Demat, a mix of investment should be made. If a person has time and experience, then only he/she should go for equity shares trading because it involves high risks.

According to a housewife who is involved in equity shares trading, buying and selling of equity shares gets better after experience. Mutual Fund is a better option as it involves less risks.