Building Business − A Regular Anthology of Professional and Business Development Articles

A collection of article summaries from various sources (with links to actual articles) focused on Professional and Business Development.  We’ve collected them in one spot, so you can easily scan, review and apply to your career and business.

A Better Family Business Succession (SmartBrief) – Whether you plan to leave your family business to one child or sell it to a third party, open communication with your children and family is key, writes Louis Pashman, who breaks down three possible succession scenarios.

Protect your personal assets when seeking business loans (SmartBrief) – Many small-business loans require a personal guarantee that can put your family’s assets, including your home, at risk. If you must agree to such a guarantee, lawyer Richard Reinis offers some advice: Tell your spouse, limit your exposure, narrow the conditions for enforcement of the guarantee and take out insurance in case of a worst-case scenario.

Good innovators know how to figure things out (SmartBrief) – At its core, innovation is simply the art of figuring things out, writes Dennis Stauffer. That means that the basic skills of good innovators are transferable to almost any situation or problem. “The more skilled we become at figuring out, the more likely we are to find success in any endeavor,” Stauffer writes.

Advice for getting started, from an old hand (SmartBrief) – Launching a venture can be “exhausting, ego shattering and (at times) infuriating,” writes serial entrepreneur Farid Naib, but it’s also “one of the greatest thrills in my life.” To anyone thinking of taking the plunge, he says to go for it, be ready to fail and be prepared for growing pains. And don’t be shy about asking for help, he advises.

Is it time for your business’ checkup? (SmartBrief) – As 2011 nears the halfway mark, it’s a good time to take a step back to evaluate your finances, operations and what you could be doing better, say experts. “Give yourself time to make some adjustments,” said Christina Cardenas. Other experts advise examining personnel needs and inventory as well as accounting and financial processes.

Where to find government money for your business (SmartBrief) The federal government awards cash grants to small businesses every year, but unless you operate in a handful of industries such as biotech, health care or clean energy, you’re better off pursuing state and local awards, writes Louise Lee, who offers tips for getting your share of government grants.

5 Tips For Deal-Making Under India’s New M&A Regime (Law360) – Even after an extensive last-minute rewrite of the regulations, India’s brand new merger control regime — which went into effect this month — will force dealmakers to live with some amount of uncertainty, experts say, at least until regulators tackle a few test cases. Until then, experts say companies should keep these five things in mind when negotiating tie-ups that could have an impact in India.

Richik Sarkar is a partner at Ulmer & Berne LLP, a Cleveland based law firm with a national practice.   In addition to practicing law, Richik is trying to reactivate the Cleveland Chapter of Net-IP.  For more information about Richik vist his LinkedIn Profile.

Building Business − A Regular Anthology of Professional and Business Development Articles

A collection of article summaries from various sources (with links to actual articles) focused on Professional and Business Development.  We’ve collected them in one spot, so you can easily scan, review and apply to your career and business.

Buying a Company for Its People (From Dealbook) − Sometimes you buy a company for its product, and sometimes for its people. Tech companies in Silicon Valley are snapping up start-ups to get their founders and engineers, then jettisoning what they actually make, The New York Times reports.

How to find spare minutes in your busy schedule (From SmartBrief) – Do you go to the bank during lunch breaks? Schedule meetings without a definite end time? Power through busy days without breaks? Changing just a few habits can add precious minutes to your day, Dawn Foster writes.

Why good leaders use guidelines, not rule books (From SmartBrief) - West Point’s disciplinary code listed hundreds of infractions until officials realized it was more effective to outline broad criteria for distinguishing “minor” and “major” offenses, and let leaders use common sense in implementing the guidelines. Most organizations could benefit from a similar willingness to issue flexible guidelines rather than hard-and-fast rules, writes Mike Figliuolo. “You hire people because they’re smart. Try giving them a little latitude to demonstrate their smarts and judgment.”

The reason you shouldn’t turn down a committee assignment (From SmartBrief) – Participating in a professional organization is important to developing valuable relationships that can help your career, Lyan Fernandez writes. Being on a committee “puts your appetite for involvement, initiative and leadership in the spotlight among potential prospects and employers,” Fernandez writes.

Richik Sarkar is a partner at Ulmer & Berne LLP, a Cleveland based law firm with a national practice.  In addition to practicing law, Richik is trying to reactivate the Cleveland Chapter of Net-IP.  For more information about Richik, visit his LinkedIn Profile.

NetIP Houston: Bookworm Wednesdays!

by Shyam Pillai, Member, NetIP Houston

On a breezy Wednesday evening (May 12th) at the Cafe Express Breezeway a sizeable group of NetIP Houston members, also known as ”Bookworms”, met to discuss Shilpi Gowda’s debut novel “Secret Daughter”.  The group interestingly enough consisted of both avid book readers and non readers looking for a fresh literary start, which made the discussion fascinating as we had a wide range of questions and opinions.

The gang put their critique hats on and discussed the minutest aspects of the book with zest.  From small gestures of the characters that we either loved or expressed disbelief over, to big sweeping plot changes, we put it all on the table.  Since the book deals with several issues that are relatable to a huge diaspora of the South Asian population in the US, we each talked about at least one personal event similar to ones desribed in the book.  Whether it was getting sick in the stomach while visiting India; the heinous dowry system (some of us did not know it still existed), adoption issues, interracial marriages, traffic in Indian cities or possibly the worst – female infanticide, we each had our own experiences and opinions to share.

We mostly applauded the author on her simplistic writing style, attention to detail, very well organized chapters and her ability to capture human emotions to perfection.  However, where there is praise there will also be criticism… Some felt the story was somewhat “Bollywoodish”, that  a few plot turns were cliché and the potryal of the ideal Gujarati family was unreal.

The crowing glory of the evening was, Shilpi Gowda, the author of the book, who called in to answer questions and have an informal tete-a-tete with us and this phone chat turned out to be quite a treat. We chatted with Shilpi about her upbringing, why and how she became an author, the different aspects and book and thus got to know the person behind the writing talent; a rare and one-of-a-kind event for sure.  We also got an exciting list recomendations for our next book club event, if this were a movie, I’d call it a Box office hit!

For more information on NetIP Houston and their upcoming events please visit www.NetipHouston.org or www.facebook.com/NetIP.Houston.

Edited by Latha Nehru, VP of External Affairs, NetIP North America

www.NetIP.org

NetIP Chicago: 8 hours, 4 Members, and 1 House

Written by Kesha Parikh, Community Outreach, NetIP Chicago

On National Rebuilding Day, April 24th, volunteers from the Network of Indian Proffesionals Chicago Chapter put in a great deal of  hard work and time commitment in helping one elderly woman rebuild her home.  The purpose of the event was to renovate the homes of elderly, disabled, or low-income residents by pulling together electricians, carpenters, plumbers, painters and volunteers.

This year, NetIP Chicago volunteers woke up very early on a Saturday morning and spent 8 long, hard hours re-painting and re-flooring an elderly woman’s house on the south side of Chicago.  The woman had lived there for over 30 years and was recently disabled due to a hip fracture.  A special thanks goes out to all the volunteers, Sujata, Bobby, Kesha and Amit for going above and beyond their duties.  Together, they de-greased and painted two bathrooms, a kitchen, a hallway and a living room.  Sujata was on her hands and knees helping clean and re-floor the kitchen.  Bobby did the tough job of painting all the ceilings and removing a dusty carpet from the living room.

The house captain who was responsible for managing the project was so pleased with the volunteers that he has asked NetIP Chicago to collaborate with him again next year to help a new home owner transform their house.  The granddaughter of the woman whose house we rebuilt also had some kind words to share with the volunteers as she was touched to see total strangers spending their free time helping her rebuild her grandmother’s home.

Please join NetIP Chicago in expressing a special thanks to all the volunteers for their hard work and dedication that day!

For more information on NetIP Chicago and their upcoming events visit www.NetIPChicago.org or www.Facebook.com/NetIPChicago.

www.NetIP.org

Edited by Latha Nerhru, VP Of External Affairs, NetIP North America

Charlotte Walks Together – 2010

by Hardik Shah, Marketing Chair, NetIP North America

The Network of Indian Professionals North Carolina Chapter was recently one of the leading organizations at Charlotte Walks Together.  This event, touted as one of Carolinas’ most human-engaging events, was held on Saturday April 17, 2010.  This annual gathering utilizes a non-competitive walk to provide an opportunity to join hands with all and promote unity in diversity.

Each year the Charlotte Coalition for Social Justice (CCSJ) organizes this event with a variety of major partnerships including corporate giants such as Bank of America, Wachovia, JPMorgan Chase, Lowe’s and Nascar, as well as entrepreneurs and political leaders.  NetIP North Carolina was present representing the South Asian community. CCSJ has been able to engage senior leadership at partner corporations and integrate large crowds to pass on a strong message of unity, which accounts to a stronger community of Carolinas’ corporate as well as entrepreneurial world.  The key note speaker for this year’s walk was the CFO of Wachovia/Wells Fargo, Mr. Howard Atkins.

This year’s walk was a tremendous success as it engaged more than 500 people from a variety of ethnicities and backgrounds and also raised eyebrows by collecting more than 50 thousand dollars for charity work. These donations, as in the past, will be utilized for uplifting children’s education and giving them equal opportunities for betterment.  This event also presented an opportunity for people to reach out and connect with other participants regardless of their background and status, allowing them to learn about one another, their views, lives & cultures, in a casual way.  There were many friendly scenes during the walk which eventually ended with ethnic and cultural presentations and food and refreshments for the walkers.

This was NetIP North Carolina’s 4th year of affiliation with CCSJ in the form of community representation and donation generation.  Event’s such as these continue to promote NetIP’s mission and integrate South Asian Professionals with other mainstream professionals, thus NetIP North Carolina will strive to participate in Charlotte Walks Together every year moving forward.

To learn more about NetIP North Carolina and their upcoming events visit www.NetIPNC.org or send an email to info@netipnc.org

Edited by Latha Nehru, VP of External Affairs, NetIP North America

www.NetIP.org

Happy One Year Anniversary “Primetime with NetIP” — One Year Later…

15 amazing show, 12 tireless months, 20 big-name personalities (including the NetIP Executive Team), a valuable alliance partnership & thousands of man-hours of prep later, we are at the one year anniversary of our most successful visibility campaign- Primetime with NetIP. About a year and a half back we got together and dreamed of creating a radio show dedicated to NetIP listeners and covering topics & speakers that would be valuable to our diaspora. After bringing on our first guest (Saira Mohan on May 25th, 2009), little did we know that we had created a “monster” that instantly attracted globally admired and recognized personalities. A show that propelled NetIP’s visibility to a whole new level. A show that attracted over 200,000 listeners both on the radio and through live internet streaming. A show that helped us acquire key sponsors. A show that helped us build one of the strongest Alliance Partnerships  in NetIP’s history with World  Band Media and Hum Desi Radio.

Join me in wishing  ”PRIMETIME WITH NETIP” a Happy One Year Anniversary

This unbelievable success is owed to the support of the NetIP Executive Team, the many tireless NetIP-NA volunteers, the support of the NetIP Chapters who participate and promote  the show, support of World Band Media and Hum Desi Radio and most of all to the efforts of Pooja Dhawan, Brand Strategist for the NetIP External Affairs Team!
What’s next? NetIP on Public Television and Radio?
Stay tuned…