Recently in Entreprising & Innovation Category

I had an idea today.. may be something similar or even the same thing has been said before by some great Management Guru, or Enterprising guy.

But for me.. it was My Spark for the day. It is a novel idea about how Companies should be measured / rated with a simple formula.

First thought.. was "Should I try to patent it.. or write a book and sell it.." etc.,

Second thought.. was "I share it.. I will get another spark later.. " .. pretty over confident of myself most-often.

But .., lets talk about the idea.

It is like said above.. a simple formula, that everyone would understand.. to measure / rate companies and brands around us.. so we know which product or company is actually doing good.. to invest with them or buy their investment (their product).

The formula goes like this..

1. Companies should not be measured by thier earnings.. but by their "power"..

What power ?
2. Power of a company should be equal to, the product of its customer-base, the revenue they make, and the resistance they have in the market to their product.

inspired from.. P = VI (power consumed by an electric appliance = voltage x current )
and V = IR (voltage = current x resistance)

P (of company ) = V (customer-base-size) * I (revenue they make.. not negative if they make losses.. its just the cost of all products they has sold without deducting costs, salaries, taxes) * R (resistance should be calculated by taking the nearest, valid, visible competitor's cost for the product for a single unit, divided by our company's product cost for a single unit)

P = V I R (but this is irrelevant anymore to be compared with the electrical formula)

1.
If a company has more than one product / brand.. their total Power would be calculated by:

P = P1 + P2 +......

2.
By calculating power this way, we ensure that companies can be easily rated, the competitor parameter is brought into the rating so that companies are vary of competition at all stages... and importantly companies don't try to increase costs on the same customer base to make high revenues and become popular with investors.

3.
If a company increases cost of its products, say a mobile phone company raises 2$ in their costs and has 1 million subscribers.. they increase their revenue by 200 % and majority of the subscribers would not make an issue of the 2$ increase.. and the company makes higher revenues without doing any hard work at all... which is bad. and the current system which is like this, allows companies to fleece subscribers or customers after making a huge customer base over the years. Nobody I know would cancel their mobile phone subscription with their big branded operators because they charge 2$ extra per month on some reason.

Companies exist to make money.. but they cannot make more and more money without any pain affecting them. it should pain them. it should pain their power rating.. and if this power rating like thing was used in stock markets and other investor forums to rate a company, then a bad power rating would pain the company's investors.. which is correct cycle.

4.
What happens with big companies that by their business model have small customer base.. for example oil companies.

Using this formula for oil companies which usually have only whole-salers and distributors on their customer base will mean that those companies will not be able to improve their power rating much by increasing their customer base.

But then, they will only be compared with other oil companies which will also have the same problem. Or, probably this power rating model would provide motivation for the oil companies to do direct retail marketing which could bring good competitive costs, better quality of oil.. for the end consumer... without having to pass through all that intermediaries of the distribution network.

---
So much for now.. about the spark.

What do you think about all this ? Intersting ?

The information on starting or registering a business in india, is not one of those things that are very well available. The government staff who do it, don't want any layman to be informed, because their bread and butter is in the bribe money they get on each and each thing they do to accept your registration to helping you understand what and how to do it.

But things are better with egovernance now.. read on. I think the company registration stuff is one of the first things to be a successful egovernanance project for India.

About this post:
I am setting up this blog post, and will be updating it regularly as I find more information on this and other interesting areas of starting businesses in India.. also I plan to write posts on my experience over years in helping people operate or handle their businesses... in the context of Indian companies only.

If you have something to share/add/suggest, you can email me at harish.palaniappan @ gmail.com and I will find time to discuss with you and add your information and experiences in this blog as well.

Information On Companies, Acts, and processes in India

May be these links help to kick-off your information collection drive:
Starting your own business in India
Forming a company in India
Starting a business - by doingbusiness.org
The Indian Ministry of company affairs website
Starting a business in singapore

MCA21 : Online company registrations and other e-form processes
The Indian ministry of company affairs has setup an online governance website since september 2006 (delayed by almost 6 months) with the help of Tata consultancy services.

* Note: Before you read further, understand that this post is not updated regularly when the ministry of companies of india's policies or processes change.. so you should look at this as a starter only.. and do find for yourself more information at the Registrar Of Companies offices around India.. or in the mca21 website.

Types of companies:
In the different types of companies that can be registered (or that can be created in India at all legally), there's no possibility of starting a single person company.. At a minimum, you can only start a private firm with 2 directors.

But, the government has been recommended by an expert committee, to add a new class of companies which is proposed as 'One person company' and probably may have OPC Pvt. or OPC Pvt. Ltd. as the ending name of the company.

If this recommendation is approved (which probably will be by amendments in the companies Act), then there will be a possibility of registering One Person companies in India. As of now, you atleast make a friendly legal entity as a director apart from yourself, like your mother or wife, or some friend, and register your company as a Private company with minimum 2 directors.

Though it is technically bad that India hasn't still recognized 'one person companies', practically it is better to register as a private company since that will avoid further paper work when your 'one person company' grows to have employees which then requires a conversion in your registration or possibly re-registration.

-- continuted --

There is a product in the market called 'Reading Pen' by quick-pen.com... i think there might be more brands, and might be its more advanced now than what i read about in quick-pen's website today.

As indicated below, you move the pen over the word and it recognizes the word with its scanning abilities (which in itself is great technology), and further speaks the word in different accents. Yes, they have reading pens for American accent, British accent, etc.,

[Click on the above image once to enable the flash object, then every time you move your mouse over the image, it will pronounce the word in British accent']

[src: www.quick-pen.com, this one costs 299$ and you can buy it here.]

What if?
Imagine if this technology was evloved into something where blind students can read any book (without exactly pointing a device on a word, which blind children cant do), or going further having a device, like a blind person points and clicks, and it says 'tree at 10 metres ahead', or, with help of GPS say 'you are 3 miles aways from the destination, you need to take a right-turn after 1.3 miles'.. something like that.

Innovation on the internet is growing by the numbers. This one I am trying to post here is quite a few years old and you might be already using it.. if you are not... why not, read about it.

Pookmail.com is an innovative idea/technique, in a website, where you, me, and every body, even machines, nuts, bolts, plants, and bears have always had an email id and some of us only don't use it.

type_whatever_you_want@pookmail.com and that's a valid email id that you can use and check your emails.. and this is one place where you get no crap like email_id already in use, select another.

How pookmail works:
Firstly, your mailbox is not yours.. its everybody's. There could be a 1000 users using the email id neo@pookmail.com, and any of them could read mails actually targeted to you, or you could read mails targeted to them.

How is this useful? Its useful only to avoid spam.. not to email your friends or receive mails from them.. Please don't have it on your business card, or neither try using pookmail id for any useful purpose.

An example usage:
An example would be in subscribing to a demo service by some company, and you use anony@pookmail.com. If the company sends any verification mails, you could go to pookmail, read that mail, and get your verification done. if you liked that company's service, and you trust them, you probably could use their internal system to change your email contact to a valid different email id.. or else ignore them and be safe that they dont know your email id and all their spam (if they send) will go get dumped in the pookmail servers. pookmail servers delete all mail which are 24 hrs old. and nobody gets to delete a mail through their interface.

The service is free...no strings.. no registrations.
What use it would be if pookmail.com asked you to register for their service and you need to give them your email id and hope they dont spam you??.. so at pookmail they don't ask you email id or anything at all.. you type some_id, unique or not, and you see the mail's inbox without owning the box, logging in or remembering any password stuff.

Recently, pookmail launched features to reply to mails from their interface, which could be an important upgrade since some strangers on the web ask you to reply from your email Id to verify your authentication.. and you don't want to trust them with your email id as yet.

Repeating again... DON'T interestingly use pookmail to communicate anything to anybody, or give a pookmail id for a paid service, because people could be looking into your mail and hijacking your paid service into theirs.

Bottomline:
The answer to SPAM email is multi-fold.. and never exhaustive enough techniques are available to protect anybody from SPAM in totality. But, when we know of systems that can help avoid spam, (at least when we know some websites could send us spam but still we want to give them our email address) we can use these techniques to safegaurd our interests.

Everytime christmas comes, innovative toys and robots companies make to hit the christmas gift market keeps you amazed and gaping.

This video in the link below discusses two such interesting robots.. these are not the high-cost dog robots or anything that you can only see, but these are interesting, funny robots, and quite attractive gifts that you will love to buy for someone. check the link below. and hey, the link plays a customary ad video for a minute and then loads the actual video. but its worth the waiting. happy holiday season.

2 interesting Holiday robot gifts reviewed