Paper Trading

Paper Trading concept is a very good practice platform for starters those who want to make stock market exchange their business.Now what happens in Paper Trading? There are few online Paper Trading sites where one can sit and learn the tricks of doing this business. It is a place where you invest but not in  actual money but in paper money. You can choose as many companies you want to invest in, see how your investment is doing for each company, where there is loss and where there is profit. That is you are learning which company shares to buy and which company shares not to buy. The Paper Trading environment is same as if you are really investing in real life in the companies of your choice. In this concept of Paper Trading there is no risk of loosing any of your real money and you also become wiser about many companies. This will instill confidence when you get into this business because now you know and can select the companies where you can see your money grow. One may need a Demat Account to really start this stock market exchange business. Demat Account can be opened in  your own bank but you need to have Pan Card. Pan Card is a must to apply to get a Demat Account. You can open a Demat Account with Rs 500/- only.

#TOPTWOCOMPANIES TO INVEST IN ARE YES BANK AND ONGC LTD:

The two companies that have shown no loss when invested in (Paper Trading) since last three weeks are Yes Bank and ONGC Ltd.  HCL Technology, Tata Motors, Tata Steel, RIL, IOC and Maruti Suzuki shares are sometimes going up and sometimes going down. IndusInd Bank and Deccan Gold shares since past three weeks have shown only loss.

Bringing solutions to entrepreneurs needs!

Someone if works to  bring the solutions to entrepreneur's needs, then entrepreneurs may take the risks safely!

What happens when two entrepreneurs meet:

Nandini met Kritika. Nandini is already a woman entrepreneur. Kritika wants help in becoming a woman entrepreneur. Nandini could see the big dreams in Kritika's eyes. She could see all the qualities of an entrepreneur in Kritika. She wants to help Kritika and takes her through the entrepreneurs journey of what might come up on the way and if these are  looked into prior to begin her entrepreneurial journey then she may have more chances to succeed in her entrepreneurial journey!

 Nandini says to Kritika, Money is very important for a business to succeed. If due to any reasons, the entrepreneur is not able to pay the installments to the financial institution then the loan interest accumulates and there will be pressure on the entrepreneur. Although the financial institution support the entrepreneur but because of non-repayment of loan the interest amount keeps increasing and there is lot of burden on entrepreneur and the entrepreneur may also be not considered for another loan. The entrepreneur's industry may be declared as sick industry. Kritika,so it is the first time production, marketing and money that matters in making of an entrepreneur. So if the government, United Nations Organizations, organizations working for the support of entrepreneurs  work to achieve the financial insurance to help support the entrepreneurs through form of subsidy or financial incentives that is disbursed in the first one - two years during the implementation period to help the genuine entrepreneurs then there may be more successful entrepreneurs on the road to success. Kritika if you want you can read the details in the blog post titled: How entrepreneurs control risk as there is detailed information there.

Secondly, to get a loan is very important for an entrepreneur. If the entrepreneur keeps visiting the financial institutions and is being turned down by financial institutions saying the project is not viable even for genuine cases then it may become hard for the entrepreneurs to fulfill their dreams. According to a financial institution, it may happen because the financial institution's officers money may be deducted by their management for non-performing assets and so the money lending officers do not want to take the risks. So if this internal system procedure is reduced from the management or changes then the financial institutions officials may come forward in lending money to more entrepreneurs. Kritika you can read the details about what a financial institution has to say on this and on the remedies on the blog post titled: UN Sustainable Development Goals.

Thirdly, if there is an entrepreneurs marketplace in every district for the entrepreneurs to sell the products like an ordinary Bazaar, it may help all small scale entrepreneurs in buying and selling the goods easily and this may also help in companies making their brands!

So Kritika if these solutions are provided for entrepreneurs, then you may also benefit in this manner by becoming more successful entrepreneur.

If United Nations Organizations, Government and organizations working for the support of entrepreneurs look into these three essential needs of an entrepreneur, then the road to success may be easily achieved by the entrepreneurs! #entrepreneurneedssolutions.

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.

In collaboration with www.grandeurindustries.blogspot.com.

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

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.

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.

How to volunteer for un and sdgs

There are various ways of volunteering that enables to take and give to the society. An idea that can help volunteers to achieve UN SDGs.

A model of volunteering:

Volunteers are living in society. Volunteers can interact within their locality on issues that they are interested in. Volunteers can easily talk to their neighbours to get their views on their topic. The volunteers may find that some of them may be experienced in that particular field and some of them may also be specialist in that field. They can also look around their locality and may find officials working in their interest area. This volunteering model can be easily implemented by all and may give useful answers to many questions on how to meet UN SDGs. This is simply a talk/interview method that can be used by volunteers. The interview of those persons can be put in Google blogs, Facebook, Twitter etc by the volunteers that will contain the views of those people who were interviewed or were talked with and also the volunteer views or that can be sent to United Nations organizations like United Nations Volunteers (UNV) and other volunteer organizations or Government organizations working for volunteers and UN SDGs. That is it is documenting the interviews at a place and it could be even social media that give free service which can be utilized by the volunteers to let people/organizations working on UN SDGs know about the outcome of their talk/interviews. This interview model by volunteers to meet UN SDGs will bring practical response to achieve UN SDGs. This may not put pressure on the volunteers. Volunteers can interview people in their own locality and also in their neighbourhood and people employed in senior positions. There will be lot of knowledge exchange and it will be a basis to form new initiatives to reach or meet UN SDGs.

For example, a volunteer interested in entrepreneurship/business/trading can look in their locality/colony for people involved in a business/trading or a factory owner, and the volunteer can easily approach them, talk to them or take their interviews which will give their practical views, from their experiences and can also take the interview of bankers nearby their areas to get the officials views. This may not cost extra money to the volunteers as they can meet the officials in their banks where they have kept their accounts so that one fine day when the volunteer goes to bank for his/her own work, he/she can take out some time to meet the officials to know more about what is needed to achieve UN SDG Goal 9 and also meet many other banks nearby to get more clearer picture. The volunteer can also meet many traders in their locality or when they visit the mall for purchase their items/products to understand the environment of business for example and etc in what they are interested in to find out.

Another example is in a daily vegetable market. After interviewing the vegetable vendors nearby on NULM Scheme, it was found that according to one of them she is a urban poor and can show Below Poverty Line (BPL) Card for the NULM Scheme but she was not aware of this programme that is the Self Employment Programme (SEP) component of NULM which is for the urban poor and who can show BPL Card but as she knows about the scheme now may approach the concerned officer to know more about it and if possible will undertake the free training.

On the train, talking to people, interacting with them on your subject of volunteering may also lead to many useful information. For example meeting an expert on irrigation in the train, it was found that according to him, irrigation facility has to be improved to meet the UN SDG goal to double the agriculture production. There are experts all around us and without making more extra efforts one can gain useful information.

Small small interviews/talks taken by volunteers from all over the world if it can be documented to reach people, volunteer organizations, United Nations organizations, Government organizations and if this kind of volunteering be encouraged by the government and there can be a volunteer cell in every district then there is a possibility of gathering lot of useful information, and there will be exchange of knowledge to achieve UN SDGs. So this kind of  model of talking/interviewing and documenting it by not doing something more extra that is deviating from one's way can also bring knowledge of what is happening and what requires to be done to achieve UN SDGs.

Inviting to post your comments by likes/liking on this kind of Volunteering model #AModelOfVolunteering to achieve the UN SDGs #UNSDGs. Post your comment now!

Business environment

According to a small jewelry business owner, in a manufacturing unit or in any business, main thing in a business is the environment.

How is the environment? Is it suitable for the business? 

For example in gold business, the West Bengal artisans are the best in the country in designing gold. In the production of gold jewelries, there is machinery process (casting design) and handicraft process that is handmade production/manufacturing of gold jewelries. Manufacturing /making gold ornaments is very intricate work and can be made only by traditional artisans. Like handicrafts, manufacturing /making gold ornaments is also hand work and traditional work and the best manufacturing is done by West Bengal artisans. It is the environment.

Cash environment: The main thing in a business is cash environment because a businessman needs to have cash to give to his labourers. To survive in any business capital is required. When there is profit, then and then only a business can survive. It is because there is money for only one production and when that does not yield profit then the business can not survive. For example, in a gold business when there is profit then only the businessman can give increment to his artisans.

Taxation: Tax is another thing important in a business environment. For example in a gold business excise duty will be levied and it should not be there as it will kill small industries.

The government should give land/space to set up a business or an industry. It is also a part of the business environment. Also there should not be any encroachment.

Culture: For example in West Bengal or in South India wearing gold is a culture which is not there in Jharkhand.

Promotion: Promotion is required only to a certain extent but it is the environment that is important in a business.

#businessenvironmentforbusinesses #businessenvironment Entrepreneurs need to know their business environment to succeed in their businesses.