Art of Retirement Planning

Financial Advisor Himanshu Gada gives insights on Retirement planning and Medical emergency expenses.

Article - Sudhir Pai

07 August 2018, a wet cloudy monsoon Mumbai morning, I had a pleasure to meet Mr. Himanshu Gada of Gada Advisory over a cup of hot steaming coffee and have a meaningful discussion on financial planning by individuals to take care of their retirement and medical emergencies.

Himanshu Gada

Founder (Gada Advisory)

Retirement Planning :

Himanshu Gada says, that a person who start planning about retirement when he or she is young actually lives a happy retired life.

Retirement planning is an acquired habit and is a systematic process of thinking, planning and managing your short and long-term finances to help achieve your financial dreams both during your working years when you are young and healthy and retired life when you are old and sick. It also involves analysing your financial objectives, current financial position and expected future cash flow to develop a comprehensive retirement roadmap.

Medical Insurance :

Emergency medical expenses may result in severe financial distress.

We must ensure that we keep retirement planning and medical insurance separately and do not mix the two in order to ensure that we have a steady cash flow in both circumstances.

If we do not plan the above two separately, then you may have to dip into your savings or sell your assets to meet such expenses. Thus, we see how important it is for one to take care of healthcare planning before retirement. You don’t want to be stuck in a limbo or become dependent on someone else, even if they are your own children.

You also need to plan for :

• Medical Emergency
• Buying a Home
• Tax planning
• Parenthood
• Job Transition
• Children’s Education
• Children’s Marriage
• Retirement Corpus
• Post Retirement payout
• Insurance

You can connect with Mr. Himanshu Gada on 9819881733 / 8169102388 (Mumbai).

To connect with writer of this article Sudhir Pai or Team Speaking Pages
contact on 9820073993 (Mumbai)

Budhi Prakash Thakur

Where there is will, there is a way.

Budhi Prakash Thakur from Khakhnal, a small, beautiful village nestled in the mountains of Himachal Pradesh’s Kullu district. His father was a farmer. Budhi Prakash did his schooling in government schools, and at the same time helped his family in various farming activities.

After finishing his schooling, Budhi Prakash went to Chandigarh to do his intermediate education. He studied in DAV school but never lost an opportunity to visit his village and help his father. Budhi Prakash, who believes that his father’s struggles were much larger than his own.

From a very young age, Budhi Prakash was his father’s right hand in supporting the family. When he was just a teenager he helped his father start growing apples. This decision eased the family’s financial troubles. He was in his second year in college when he decided to quit regular studies to join the family in starting a homestay in their village.

Investing the money that came from the farmland, Budhi Prakash and his father built a small five-room property for tourists seeking budget accommodation near Manali. Within just six years, the homestay grew into a popular resort, named Sarthak Resorts, which today has 65 rooms. This success completely transformed the fortunes of the family.

During his days of education, Budhi Prakash had also observed the zeal among tourists for his home state. He wanted to start a resort in his village, which was just 9km from Manali, where tourists flocked in increasing numbers with each passing year. In 1996, after several years of planning and pooling resources, Budhi Prakash laid the foundation for Sarthak Resorts in his village.

Budhi Prakash soon started an air-travel service called AirHimalayas under the company Himachal Holidays. However, he soon met with closed doors as no aviation company was willing to partner with a newbie. Budhi Prakash didn’t give up and finally partnered up with the Bengaluru-based aviation company Deccan Charters to start its services in the region.

On April 2, 2014, when their first aircraft took flight, it was also the first time a private company flew a business class chartered aircraft service in Himachal Pradesh. That was a day of tremendous joy for Budhi Prakash, he happily recalls.

Speaking Pages was started by Sudhir Pai to spread positive stories. To buy inspiring books or for individual coaching or group motivational seminars contact our team on 9820073993 ( India )

Taleho @ THINQBATE

Life at THINQBate 

07 Nov 2016 ( Monday ) - I had a meeting with a startup TALEHO at Marwah House, Andheri sharp at 2pm.

And I thought it would be yet another startup, but when I entered THINQBate office, I was pleasantly surprised and felt like entering a college campus. The energy and vibrancy of startup ecosystem was there in the air.

And then I was greeted by Prajakta, a dynamic smart looking content manager of TALEHO. After having a glass of water and some nice smelling coffee, we finally settled for business discussion.

I was scheduled to meet Sandeep, one of founders of TALEHO and at last moment met Nikesh, another founder of TALEHO. And I realized, nothing is certain in startup. I was supposed to meet Sandeep and ended up meeting Nikesh, Prajakta and Omkar.

With Omkar, Prajakta and Nikesh ( TALEHO Team )

Sandip and Nikesh are ex-bankers and along with Anuj and Akash ( Builders ), they have formed a startup named ( www.taleho.com ) in real estate space.

TALEHO makes home buying simple, safe and secure. Do visit their website www.taleho.com

As, I was curious about THINQBATE, I then met Pratibha Jeyaraj, a talented smart communication and content associate of THINQBATE. She explained to me the concept of THINQBATE and how it works. How startup incubators support new ventures. Currently there are 6 startups under one single roof.

With Pratibha and team ( THINQBATE)

With such smart startup incubators, energetic entrepreneurs with focus and enthusiasm, I am sure by 2020, India will be one of the role models in startup ecosystem. And Yes, we will have some exciting career openings in these startups.

I wish all the best for every startup entrepreneurs.

Best Wishes,

Sudhir Pai

Author - Think Like A Winner.

To buy inspiring books, individual counselling, business coaching or to publish your articles on this blog please call on 9820073993.

Compassionate Capitalism

Source : Sulekha
Writer  : Care Our India

'Compassionate capitalism' urged for India

Indian entrepreneur Narayan Murthy, founder of global software giant Infosys, says "compassionate capitalism" is the only solution to poverty in the country. 

Narayan Murthy: One of the world's most admired business leaders 
Debate is currently raging throughout India over the economic policy of the new government, following a lukewarm media response and stock market jitters.

But Mr Murthy told BBC World Service's The Interview programme that more had to be done to drive entrepreneurial activity.

"We believe that if India has to solve its problem of poverty, we have to embrace capitalism, ensure that jobs are created, and make sure that market-driven policies are accepted," he said.

"However, to do that, the people who are the evangelists of capitalism, must conduct themselves in a manner that will appeal to the masses."People must be able to relate to them easily. They must lead a normal life, a simple life, and people must be able to say, 'look, if these jokers can do it, we can do it better'."

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For Full Story Click >>> Compassionate Capitalism

Startup India

Many entrepreneurs were excited by the announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan. There’s no doubt the measures were significant, but they do beg the question, are all the startups really eligible for the benefits that were announced?

Here’s a quick analysis of the eligibility criteria(please note that the following flow chart is specifically applicable for startups seeking tax exemption):

Continue Reading >> Startup India

Start Your Own Business

Small Business. Com Article

So you want to start your own business? Congratulations on wanting to become your own boss. In addition to giving you the ability to make your own decisions, business ownership also offers financial independence, creative freedom, the chance to fully use your skills and knowledge, and more free time to spend with your family and friends. Of course, with those perks of business ownership also comes a host of pitfalls, including risk, liability, and mounds and mounds of paperwork. Luckily, you’ve come to the right place to help you navigate the first phase of business ownership—startup. In the startup phase, you’ll figure out whether you have what it takes to run a business, determine what kind of business you’d like to open, write a business plan, conduct initial market research, secure funding, decide on a business structure, meet with accountants, advisers and lawyers, and the list goes on.Starting a business isn’t easy. It takes a lot of motivation, discipline, talent, research, planning and good old-fashioned hard work—before you can even hang your “open for business” sign. But ask any successful business owner, and they'll verify that working hard in the beginning will pay off in the end.

Getting started: The self assessment 

In business, there are no guarantees. There is simply no way to eliminate all the risks associated with starting a small business. But you can improve your chances of success with good planning, preparation and insight. And that starts by looking at yourself. Take some time to answer the following questions about yourself before starting a business:

• Do you have what it takes to succeed?
• Do you possess the traits of a successful small business owner?
• Why do you want to start a business?
• What do you want to do?
• Is your idea feasible?

Spend a good amount of time on this exercise. This might be best done with a friend, colleague or business mentor. When you’re finished, take a look at the list and note any gaps. Your lacking some of the traits of a successful small business owner, for example, doesn’t mean your business will fail, but it will give you a good idea of your strengths and weaknesses—and any partners, employees or advisers you may need to help you fill the gaps. 

Alternatives to starting a business from scratch 

Instead of starting a business, you may consider one of these options:

Buy a franchise 

Becoming a franchisee of a successful franchising company can increase the odds a business will succeed, but there are many factors which a potential business owner should consider. 

Buy an existing business

Purchasing a business that is already operating can help a potential business owner succeed. But like acquiring the rights to a franchise, the buyer must beware. 

Developing a business plan

Every successful business plan should include something about each of the following areas, since these are what make up the essentials of a good business plan:

• Executive Summary
• Market Analysis
• Company Description
• Organization & Management
• Marketing & Sales Management
• Service or Product Line
• Funding Request
• Financials
• Appendix   

Continue Reading This Article >>  Here

 

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