Business Pivot Point

The Indian mobile market was not even one tenth of the world’s then market leader, ten years back. A decade back US was the market leader for years together, but three years back, China overtook US as the world’s largest mobile market, due to its two digit economic growth consistently.

Few months back, India has overtaken US to become the world’s second largest mobile market, and it continues to grow at over 30% year on year. The current rate of growth in India is far higher than that of China.

So in the next two or three years, India will become unbeatable second largest mobile market in the world because it would have widened the gap with US substantially. US market is stagnant currently, and is expected to remain so for the next few years.

Even after hectic growth rate in mobile sales in the last few years, Indian mobile penetration continues to be less than 15% as on date. That leaves a massive growth potential for the next decade or so.

That is precisely the reason why even Chinese mobile majors are looking at participating in India growth story. Currently India is adding over eight to ten million new subscribers every month, which is nearly ten times the growth rate of US.

Somali pirates have been successful in hijacking big and small merchant ships across the gulf of Aden in the last two years, primarily because they do not care for their lives. These pirates originate from a country where you are not assured of your life, and where there is no basic facility for human beings.

That being the case, these pirates have been forced to choose the profession, and do it in a daring style, which is shocking the entire civilized world. They have been able to hijack one ship every three or four weeks, and the latest haul in their list is a Saudi oil tanker said to contain crude oil which can feed one day requirement of entire UK.

The world can get rid of these pirates only if their economic condition in their country is improved to decent levels, which the world is now seriously pondering about.

It always pays to track news on a daily basis, say at least half an hour every day.

Ideal option would be reading through a reputed newspaper every day, which would help you in covering all the categories including national / international / sports / politics/ business / health etc.,

The next best option would be to watch leading TV news channels for two slots of thirty minutes each every day. One in the morning and one in the night would be ideal. Because whether we like or not, things around us keep changing drastically in half a day’s time.

By tracking the news on a daily basis, you would be able to take proper decision relating to your travel / investments / job change / business plans etc., For example, by tracking the state of US economy on a daily basis, you will be able to time your home construction suitably. Also tracking of the stock markets will help you in putting part of your investment into stock market, when the index is at low levels.

And very importantly, you would be able to chat sensibly and impressively only if you are keeping yourselves updated with latest news data on a daily basis. So go ahead and recharge your data base every day.

The global meltdown is expected to cost the world over four trillion dollars because there is over six million job losses in US alone. There are at least 10000 factory closures across US , Europe, Japan and China, which are expected to knock of over 2 trillion dollars of loss over the next year.

Also because of the financial debacle in the developed world, the fund availability for the developing world and the under-developed world will crash, and that is expected to cost another two trillion dollar loss for these countries.

The IMF is predicting more civil disturbances in the under-developed and developing world due to the current economic recession. It is also foreseeing lot of food shortages across the African and Asian countries which could lead to loss of lives. It has asked the developed world to contribute more towards poverty alleviation in the African continent.

Internet was a very costly affair for the corporate world five to six years back, but the technology advancement has been stupendous since then. The advancement of technology has lead to the creation of user friendly and programmer friendly internet.

Now it is possible for a small sized company to have its own internet website designed, uploaded and maintained on a regular basis at an affordable cost. Those companies which were smart and technology savvy took advantage of the situation, and used internet to their business advantage. They were able to grow ahead of competition at lower cost , thus improving their profits.

If you are a small sized company, and you do not have your own website, it is high time that you hook up with one of the top rated web service provider, and get your own website hosted quickly. Through your own website, you can ensure seamless and 24X7 linkage with all your business partners, be it vendors, creditors, distributors, customers, prospective customers etc.,

For example, you can communicate all the latest changes in the sales promotion schemes on every product through the internet, which can be accessed by your sales forced across the country. Similarly feedback from sales force on the competitors activities can be updated through the website, which the management can access regularly.