The reality is that businessmen perceive their own interests that are, many a time, at variance with the legal structure laid down by elected representatives. Powerful business groups make every effort to win over the public policymakers for the protection and promotion of their own business interesRead more
The reality is that businessmen perceive their own interests that are, many a time, at variance with the legal structure laid down by elected representatives. Powerful business groups make every effort to win over the public policymakers for the protection and promotion of their own business interests. If politics wants to control and regulate economic activity with a view to promote public good, business too wants to influence and control the government in every democracy for its own personal advantage. Hence, every modern democracy has engaged itself in evolving mechanisms to keep political decision-makers insulated from the attempts of businessmen to influence the making of public policies.
Prime Minister Manmohan Singh is seized of the problem of keeping ‘politics at a distance from business’ and, on February 3, the media reported that the ministers have been asked ‘to sever all ties with business in which they have a stake’ . The PM rightly felt that there is a likely conflict of interest if ministers are associated with business and, hence, they are advised to distance themselves from the conduct of any business they might have been interested in before appointment. While the PM set the cat among the pigeons, company affairs minister Salman Khurshid on February 4 suggested a way out and advised the ministers that, like the US President, ‘politicians in power should get trusts to handle their business interests.’ inter-relationship and illicit liaison between politics and business does not end with ministers managing their own businesses or the possibility of inter-penetration of politics and business on the basis of funds provided by businessmen for elections to political parties or individual influential political leaders. Every democratic country including India has laws for the regulation of corporate funding of elections.
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Such kind of businesses on the lower budget lines may be: Online Businesses -Blogging and Vlogging: Tell it all through content creation about what you love and know-how. -Freelancing: Doing things like writing, editing, graphic designing, or programming for a price. -Online Tutoring: Teach the subjRead more
Such kind of businesses on the lower budget lines may be:
Online Businesses
-Blogging and Vlogging: Tell it all through content creation about what you love and know-how.
-Freelancing: Doing things like writing, editing, graphic designing, or programming for a price.
-Online Tutoring: Teach the subjects you are good at. Like Mathematics, Science, or Languages.
-Online Shopping: Selling different items, including homemade stuff, digital things, and also the sale of other things by dropshipping.
– Social Media Management: Help businesses in managing their social presence.
Offline Businesses
-Household Services: Go out of your home; it would be like cleaning, cooking, or gardening.
-Household Bakery or Catering: Have your homemade product and sell baked products or meals.
-Repair Services: Electronics, appliances, or bicycles repairs.
-Mobile Food Business: Sell food via cart or truck.
-Handmade Crafts: Sell homemade items at local markets or via the Internet.
Ways for Success
-Identify Your Passion: Involve you in an interest.
-Market Research: Audience measures and contest.
-Small Beginning: One step at a time in small scale, increase eventually.
-Network: Build relationships with customers and prospects.
-Continuous learning: Know the trend in your field and practice.
-Financial Planning: Make a budget and track everything that you spend on it.
-Legal and Tax Compliance: Know that you are complying with all laws related to business.
Conclusion:
See lessSuccess and triumph in any business would require commitment, hard work, and willingness to learn and change to adapt.