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2009-10-29T09:07:00.000+05:45

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ENTREPRENEURS: Need of the Hour for Nepal

2007-08-20T09:46:00.000+05:45

An Entrepreneur is a person or a group of person or an organization who or which scans the environment for changes, identifies opportunities in that change and finally implements it. Hence during that period, the entrepreneur comes out with an innovative idea and uses it to start the business. This entire process is called as Entrepreneurship.

If we flip the pages of history, we see the emergence of entrepreneurship many decades ago. American economy is an exemplary case that has witnessed a barrage of growth of entrepreneurs. Entrepreneurs do not simply establish organizations but in the process provide opportunities for employment and hence help in the overall growth of the economy. This is one of the reasons why America is a super power today. We can easily say that America is an Entrepreneurial Economy driven by the entrepreneurs.

When we carefully look into a developed economy or for that matter developing economies like India, China et al., we see that there is a system in place that supports the growth of entrepreneurs and entrepreneurial activities. Two of the fundamental factors that have encouraged entrepreneurship, in such economies, are Venture Capitalists (VCs) and Angel Investors (AIs). These VCs and AIs help the first time business starters by investing in their businesses. This siphoning of funds helps the business starter with much needed financial support to kick start the business. The giant companies like Google, Apple Inc., Sun Microsystems, America Online, Compaq and many other companies in Silicon Valley started with funding from VC firm Kleiner, Perkins, Caufield & Byers (KPCB). Today, by looking into success and market capitalization figures of these companies, we can easily say that KPCB has been able to encourage other VCs and AIs to support upcoming entrepreneurs.

Nepal too needs entrepreneurs to strengthen the economic backbone of the nation. And to help these entrepreneurs start their businesses, Nepal needs VCs and AIs. Otherwise, those with brilliant ideas and potentially successful Business Plans would sadly remain in the silo, unable to implement the Business Plans and start their businesses. Hence to avoid such a Calamity, a group of IT professionals from various IT companies recently tied hands together to form first ever Venture Capital company in Nepal called as Fortune Cookie. This is good news for all those would be businessmen and businesswomen who have remained in isolation due to lack of funds to support their ideas. Fortune Cookie is just a start and we will need many such companies in the future if we are to change the economy to an entrepreneurial economy. Such funding will also help Nepal to retain and encourage skilled and risk taking individuals to stay in Nepal and start their own businesses.

The million dollar question at this moment is: Can Nepal provide VCs and AIs? And a simply answer to that is YES. It is not that we don’t have investors in Nepal willing to take risk. The emergence of plethora of Financial Institutions in Nepal is a strong indicator that we do have people willing to invest in Nepal. All we need is such investors to spot the avenues of investments in would be entrepreneurs. We need people like Vinod Khosla to come forward and support innovative ideas.

Apart from financial aspect, to foster entrepreneurs, a country should provide feasible environment for investment. And the only way to make an environment feasible for investment is to have political stability. So on that front too, Nepal is slowly but steadily making progress. The situation demands us to be patient because Nepal is passing through a changing phase and if all goes well, which certainly looks like, Nepal will definitely need many such entrepreneurs to spearhead the economy.

Until and unless we have entrepreneurs fostering in Nepal, our economy will sadly remain where it is today. We simply can’t wait for our economy to be entrepreneurial; we must strive to make our economy an entrepreneurial one.

Unlikely Source of National Integrity

2007-07-24T08:54:00.000+05:45

For all those who have been watching current season of Indian Idol know exactly who Prashant Tamang is. Wikipedia says "Prashant Tamang (Nepali: प्रशान्त तामाङ) is a Kolkata-based singer and contestant on Indian Idol. He is the first contestant of Nepalese origin to make it to the final rounds of Indian Idol. He is also the first person from the police force to enter the final rounds."
Every Friday and Saturday there is a buzz in the streets and gallis of Nepal. People are found gossiping not about Politics or King but about Prashant Tamang. When the clock strikes 9:15pm of Friday and Saturday, most of the fortunate ones with a TV are found glued to the channel showing Indian Idol. The following day everyone is found talking about how well or bad he performed the previous day. You can find people talking about it in the office canteen, bakery shop, restaurant and what not. Be it young or old, everyone seems not being able to get over the hang of Prashant.

So my question for you, the reader, is:

Has Prashant come as a blessing in disguised? Has he unknowingly contributed to our National Integrity?

My answer is YES. There have been events in the past (People Movement II etc) which have triggered some sense of patriotism. But Prashant Tamang is an unlikely source who has instilled or invigorated patriotism in the Nepalese world wide. All the family members stick together to watch him perform and pray that he performs and outwits every other contestant. People get disheartened when a judge says something negative about him. This might be a story of a fan. But in Nepal this is the story of a Nepali praying and hoping that Prashant wins. There even have been reports about Nepalese people near Indian border going to India and voting for Prashant. What has driven this frenzy? In the past too there was "Indian Idol". But why this time around we have witnessed such an event. Well from my understanding that is what Patriotism is. Although you may wanna disagree to this but ponder about it. To see a Nepali young lad win in such a critically acclaimed worldwide famous show is not a joke. We get worried and excited with him because he is a Nepali by heart. We want to see him perform well and win only because he has a Nepalese blood.

This is what the Wiki had to say about how popular Prashant is in the region:

"Prashant Tamang has become a celebrity in Nepal and Northern West Bengal. Prayers for his success are expressed even in website of Tamang Society.^[5] Nepalese newspapers, websites, forums, blogs etc are filled with stories related to him and support for him. A riot, followed by a 12 hours bandh was observed in Darjeeling after the local telecommunication was unable to provide SMS service when Prashant was in "Danger Zone".

The mayor of Mirik, T.B. Rai, has vowed to spend Rs.10,000 in SMS for voting Prashant and his staff have also vowed to spend a month's salary on SMS for voting Prashant. Nepalese people working in Brunei, UK, Hong Kong, UAE are reported to have been sending money to SMS for him.

Rallies are organized in Darjeeling and Kurseong in his support, some of which are attended by his sister, mother and grandmother. A signature campaign for his support was organized by Himalayan Darpan Newspaper of Darjeeling. Schools, clubs and police are found asking people to support Prashant who have named him 'पहाडको गौरभ Pahar ka Gaurav ' (Pride of the Hills). Sikkim Cabinet Minister G M Gurung and S B Subedi planted tree saplings at Singtam to pledge the Sikkimese support to Prashant and to show the unity between Nepalese community in Sikkim and Darjeeling."

May be our politicians can learn a lesson or two from this saga. I bet even in their houses the story of Prashant Tamang is told and discussed. Learn from this saga and help Nepal become ONE once again. This heroic epic of Prashant has to be studied by all our politicians to understand what pride we have for being a Nepali. Show us that you can do this Mr. Politicians. Show Us.

Lastly, thank you Mr. Prashant Tamang for making us patriotic and proud in this critical time in Nepalese history.

Waiting for that Magical 1000!!!!!!!!!!!

2007-07-03T13:45:00.000+05:45

Nearing 1000

Are we witnessing something exceptional? Is this a temporary development? Are we all set for a Paradigm Shift? ………………………………………………

I am bullish. I think we will be witnessing one of the historical moments in the face of Nepal. I am eagerly waiting and praying for that figure to hit 1000. I am not dreaming. I am optimistic। But it is difficult to convince the Bears. Time will only tell. And I am bullish about the Nepalese economy in overall.

Skeptics say that our stock market is all set for a CRASH. What does CRASH mean? I don’t think our stock market is going to crash this early. Not until 2010 atleast. We all brag about the NEPSE being supported and strengthened by Commercial Banks and other financial institutions. So in this pretext is it possible for our stock market to crash? My answer would be as it is: NO NO NO.

Fig: NEPSE hitting the 1000 mark

Here is a simple reason to that। For our stock market to collapse, the companies that are leading the NEPSE should perform very badly। And I don’t think these companies, meaning the Financial Institutions, are going to perform that badly because of the following reasons.

a. According to WTO, starting from 2010 any foreign companies can start a business without equity participation with domestic companies. That means our economy is all set for the Greenfield Investments.

b. Taking this prospect into consideration, Nepal Rastra Bank, has made it mandatory for these FIs to increase their Paid up Capital. Hence, these institutions will be floating some more shares in the market to increase their Paid up capital. And as you all know, Nepalese investors are hungry for FI’s shares. Hence, with positive speculation of the investors, the share prices will go further up taking the NEPSE index along with it.

So in my view, NOW is the right time to start investing in Nepal (if you haven’t started as yet). There is one golden rule in Investment for me: “Enter the market when others are leaving” or “Enter the market when everyone else is bearish about it”. That’s what Warren Buffett says. And that is my rule as well.

If you notice the development of NEPSE in the past year, you will see a steady but slow increment in the value of index. As of today, the NEPSE is waiting patiently to hit the 600 mark. The skeptics about the Nepalese stock market said in 2006 itself that our stock market was going to crash. Did the market crash? Instead the market appreciated and developed. One reason why such so called Bearish Expert failed to predict is this: those experts never looked from the perspective of a Buyer or an Investor. Investors, no matter what happened, in Nepal are bullish than those who suggest them. This is the main reason behind NEPSE’s uphill journey. And I am very much BULLISH that this rally (average) will not stop for another two years or so. What I am waiting now is for that magical figure of 1000. 1k should be the driving force for the NEPSE now. 1k should be the aim of the investors. 1k should be the name of the game NOW.

I am prophesying these lines considering the current status of Nepalese Stock Market. That is with knowledge about Market Hypothesis, security board’s policy, macro and micro -economic situation and the nature of Nepalese Stock Market.

Sites & Founds

2007-06-25T10:38:00.001+05:45

(To view a site in a new window, press Ctrl and click it)

Site	Category
www.pageflakes.com	All in One
www.nepalhomepage.com	All in One
www.popurls.com	All in One
www.dohop.com	Aviation
www.everestuncensored.org	Blog
www.bloggersblog.com	Blog
www.veerle.duoh.com	Blog
www.jaxtr.com	Call Me
www.flazx.com	e-Books
www.cooperatebridge.com	e-Commerce
www.zopa.com	e-Commerce
www.en.wikipedia.org	Encyclopedia
www.secondlife.com	e-World
www.investopedia.com	Finance
www.investmentu.com	Finance
www.gdn-invest.com	Finance
www.technical-analysis.safe-install.com	Finance
www.worden.com	Finance
www.economyprofessor.com	Finance
www.sat-gps-locate.com	Fun
www.slide.com	Fun
www.regrettheerror.com	Fun
www.meebo.com	IM Site
www.world-english.org	Learning
www.instructables.com	Learning
www.allinfosite.net	Learning
www.goenglish.com	Learning
www.mindtools.com	Management
www.mobileburn.com	Mobile
www.vudu.com	Movies
www.chasingthefrog.com	Movies
www.directfreemp3.com	Music
www.jaytmagic.com	Music
www.MediaMaster.com	Music
www.yourmp3.net	Music
www.youhavebadtasteinmusic.com	Music
www.noisetap.com	Music
www.nepalbandh.com	Necessary
www.bbcworld.com	News
www.cnn.com	News
www.khabarnepal.com	News
www.woophy.com	Photography
www.sxc.hu	Photography
www.fotolia.com	Photography
www.iqagb.co.uk	Quiz
www.google.com	Search Engine
www.wadja.com	SMS Me
www.ntc.net.np	SMS Me
www.youthnoise.com	Social
www.pbs.org	Social
www.worldvision.org	Social
www.howstuffworks.com	Technical
www.fastnext.com	Technical
www.allthingsd.com	Technical
www.linuxjournal.com	Technical
www.positioniseverything.net	Technical
www.techcrunch.com	Technical
www.valleywag.com	Technical
www.pixelawards.com	Technical
www.compuforums.org	Technical
www.complaint.tv	TV
www.unicodenepali.com	Unicode
www.video.com.np	Video
www.youtube.com	Video

A Window to Yahoo!

2007-06-19T09:59:00.000+05:45

The dominance and presence of Google has been a great threat to modern day giants like Microsoft and Yahoo. The product portfolio of Google has been very impressive and it is amazing with the rate Google has been able to bring innovative products and services to the market. Google has lead the way in transforming Web 1.0 to Web 2.0. Due to this, the competition has gone up immensely in the IT industry. Of late, the heat of competition and delivering the best to the customers has been felt by Yahoo as well.

In the past few years, Yahoo has been criticized for not being able to bring innovative product in the market and increase the market share. The BBC says that Yahoo currently accounts for about 26% of all online searches in the US, well behind Google which has a market share above 49%. Consequently, on 18-June-2007, Terry Semel was replaced by Jerry Yang (co-founder) as the new CEO of Yahoo. Mr. Terry was in the post of CEO since 2001 and during his tenure, Terry witnessed the fall in the market price of the share as well as fall in the market share.

Following chart provides a look into how Yahoo performed during the tenure of Terry as CEO.

Figure 1: Yahoo’s performance in the past 7 years

It is pretty clear that until, 2005 Yahoo was doing (post dot- com bubble burst) but after that it slumped. Due to this the shareholders as well as the employees of Yahoo have been reportedly dissatisfied with the performance of Terry. A clear picture will emerge from the comparison of stock price of Yahoo with that of Google and Microsoft. The Figure 2 shows the performance comparison (of past year) of the aforementioned stock taking a 200 Day Moving Average.

Figure 2: Performance Comparison

So the million dollar question at this moment for Yahoo is “Will Jerry be able to take the Yahoo out of this slump?” This is quite a difficult question to answer (that is why it is a million dollar question). Now will this downhill drive open a window for Microsoft to pounce and acquire Yahoo? This expectation has been in the air for quite a while now and as the saying goes “Expect the Unexpected”, don’t be surprised if Yahoo is acquired by Microsoft. The acquisition will create a good synergy for both of them and above all, a strong and unified force will be established to face the mighty Google.

Time's Come

2007-06-19T08:10:00.001+05:45

Something’s gonna get out of this Place

You know it’s gonna be my Flesh

Something’s gonna get out from this Race

You know it’s gonna be my Face

I swear I will get over me in coming Days

It’s time I come over my own Craze

But the road to utopia is the Mesh of Maze

I can’t stop; I have to move there through the Haze

I am running but I fear I may run out of my Age

“Come back to reality” that’s what my shadow Says

I sat in oblivion only to know I was wanted in this Mess

Buckle up dude; you need to run with me @ fast Pace

ONLINE GAL-FRENS

2007-06-07T11:40:00.000+05:45

I hated when I found ma frens chatting with gals online

Now today ma own list has gal frens more than ninety nine

It all started with this gal from Honkong

She was Rose and her hair was pretty long

She wasn't the beautiful gal I’ve seen around

Since she was ma first online fren I was hell-bound

What a luck? I said and entered the Nepal chat room next day

“ASL PLS” I got...19 m KTM I sent....chatted for a while and found that buddy was a gay

I didn't know what to do....saw ignore tab and I blocked him right there

Holy cow!!!!!! Something was terribly wrong ...GOD it's not fair

Then came a lady named Amy from California....... was it??

She sent me her photo.....god...she was beautiful.....and that was it

She was offline after that day and never sent a message

To be real open with ya...she wasn’t better than chicken sausage

Once I even tried chatting in MSN chat....

All I found was 12-17 aged gals ...nothing better than that

So I switched back to Nepal room in Yahoo!

Rejuvenated myself and I found it real "KEWL"

“ASL PLS”s were pouring once agn ...in Yahoo!

Then I thought that’s how we Asian guys do...

The best chat I ever had with this lady from Pokhara

She was more like me and her name was Tara

She was into music just like me and once sang on the mike

I was happy to find someone with feelings alike

One day I asked her “hey Tara do u have a boyfren (:":)???"

Her reply was" Noooooooooooooooooooooo"...it was damn long

I was about to cry "YES"...but came "I have a hubby (:-:)" followed by a BUZZ........BONG

I couldn't take that and said “C u l8r"

And this time the pain was greater and deeper

Well ain't there anyone like me trying to find someone like me

I asked myself 1000 times and 1000 times the answer was the same "there has to BE"

U won't believe this man ...one nite I was busy teaching a woman Nepali

Her hubby was from Nepal and to impress him she was in the room learning Nepali

Man story goes on and till date I have found no one

Still I am tryin and hope someday will find that “one"

Ritesh

2007-06-01T14:11:00.001+05:45

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rage_on

2007-06-01T13:29:00.001+05:45

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Life Through a Tempo

2007-05-26T08:57:00.000+05:45

It’s 7:15 P.M. of Friday the 9th of September 2005. Dashain is round the corner and you can already smell the fragrance of Dashain in the air. I am in Jawlakhel Stop waiting for the tempo to Naya Baneshwore to come. After 10 minutes wait, probably the last tempo to Naya Baneshwore comes. Since the summer is fading away, the length of the day has shortened and with that the public transport timing has changed too. May be a month back, the last tempo to Naya Baneshwore would have come 8 or 8:15pm. But now due to short day, the timing’s changed.

I boarded the last tempo to Naya Baneshwore. There were few guys inside the tempo and I took my favorite spot i.e., one at the side of the entrance. Slowly the tempo started picking its momentum. To see the night life outside of a tempo is a very interesting thing. Lot of people moving around, some strolling, some on the bikes while some inside public vehicles and some driving their cars and jeeps. Glancing this from inside of tempo has become my regular habit. Once inside the tempo, I get a chance to analyze the world as it moves. Lucky me.
Many of the people might be returning home from office at that time of the day and some might be heading to the relatives while some going for evening shopping. Gamut of reasons and gamut of people heading to their respective destinations. Just then my mind caught site of a man in Pulsar. There was a lady at the back of his bike holding tight the “definitely male” figure in front. I guessed this was a couple heading for some night party or to relatives. The bond between them was readily visible to anyone seeing them. At the same time, there was another bike with a man riding and the girl at the back. Although the distance between them was not very wide, I found them world apart. They were not just close for me to be called a well bonded couple.
Just as my mind was flying high with those thoughts, the tempo stopped at Kupondol. A sister and her brother were trying to board the tempo. The sister got inside the tempo but her brother, who was with her, missed the seat only because the other guy pushed him and got ahead of him in the tempo. And the man who was supposed to be seated was now standing in the tempo. Then I remembered the “The law of Jungle” of Economics taught by Mr. Kiran sir. That is the loophole in Laissez Faire world but here I am in the world with tax using Keynesian economic theories and still I see the dog eat dog attitude. I smiled, looked at the hoarding board on top of the building and said
“That’s the life and the show must go on anyhow.”
The tempo finally stopped at Naya Baneshwore and paying Rs8 I moved toward my home bidding goodbye to the tempo stop and promising to be back tomorrow for the same chore. Has my life become mundane, I don’t know……………………..