With close to 200 million regular households, India is always expected to be one of the biggest markets for most consumer products, and so it is. India is the the second largest market in the world for Furniture and is the third largest market in the world for Televisions. The market size of Furniture (excluding …
Author: bsaikrishna
The Core of Hinduism – I am neither the Body nor the Mind – The Ultimate Truth or A Self-hypnosis?
You can disagree with it, but you cannot not appreciate the beauty of the core of the Hindu philosophy. Hindu philosophy at its core essentially says that as a 'Being', we are not the 'body' and we are not even the 'mind' too. We are that which uses both the body and the mind to …
High margin, High volume, High velocity – Which do you prefer?
Let's say we have three products: high margin and low volume, low margin and high volume, and low margin and fast selling. Which product do you want to sell as an entrepreneur? Generally, the most common answer is that we should sell the highest margin product. But, from an Return on Investment (ROI) or Return …
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Indirect Costs, Marginal Cost, Marginal Revenue, and Quantity Discounts – Supplier & Buyer Views
In retail, one of the most common negotiations between a buyer and a seller would be something like: If you want the price to be lower by x%, you need to pick up y% more stock right now. Where is this coming from? What does this even mean at a deeper level? We have seen …
Direct Costs, Indirect Costs (Overheads and G&A)
Knowing the overhead costs is essential to any manufacturer in calculating the total cost of manufacturing of a product and hence to set a profitable selling price. The buyer should always know what is the overhead cost and indirect cost included in the product as a percentage of the cost of the product that the …
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Dan Bilzerian – Pleasure is not happiness!
One of the things that I really love about life is conversations. Conversations make me happy in life, conversations about philosophy, technology, God, business, nirvana, music, and anything under the sun... with friends, neighbors. I have a new bunch of neighbors (during COVID) who come over and have lunch and dinner discussions over a lot …
Why should you try to work ‘fast’ on periodic tasks?
Most people to end up pondering about this question: work fast and not-so-deep or work slow and deep? The right answer is, it depends. But, on most occasions, working fast helps. If the work is periodic and you have a chance to rectify mistakes, which is the case for most of the work that we …
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Deficit Financing and Inflation Explained Simply
Normally, any entity spends basis its earnings or how much money is in their bank. But, governments are an exception to this behavior. If government has to spend, they spend. They may not exactly care if they have the money to spend or not. If they don’t have the money, governments will simply print some …
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CPC Campaigns – Relation between Budget and CTRs
We are going to talk about the relation between Campaign Budget and CTR in CPC digital advertising, even though budget shouldn’t affect CTRs in an ideal world. The above data is for a CPC campaign. The details of the campaign metrics are mentioned in the table above. If you observe in the above data, the …
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Three Key Spiritual Learnings from Early Upanishads
The Upanishads is one part of the larger Hindu spiritual learnings from the 500BC. In the early period of this COVID lockdown, I took time and read about one-quarter of the text. I didn’t know much about the text before I started reading except for its popularity. When I started, I was expecting that the …
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The 12 most overlooked truths of money and life ‘no one teaches you in school,’ says financial psychology expert
I am very impressed by this article and I want to share it with everyone. This was originally written by Morgan Housel for CNBC and you can find the original article here. Here are a few things that generally aren't taught in school but I've noticed are vital in business and investing: The ability to …
Are we machines designed to search to feel good?
Let's look at this riddle: When a tree falls in the forest and there is no one around to hear the fall, does the tree fall make a sound or not? The answer is "No". The tree doesn't make a sound because there is no animal 'ear' around to hear that. Yes, the tree fall …
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Pride and Self-loath, most observable traits in human conversations
When you think you are better at something than others or when you think what you have (a possession) is better than what others have, then you will get an internal feeling to show others about what you have or what you are better at. So, you talk about it, and you want others to …
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Prime Costs, Conversion Costs, BOM and GP in Manufacturing
When you talk to manufacturers, they frequently use a term called ‘conversion costs’ and a few of them also use the term ‘Prime Costs’ (especially used by Chinese vendors). A typical manufacturer would look at charging you as below: So, you could guess: Conversion Cost is the total cost that is borne by the manufacturer …
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What motivates different kinds of people towards action? (in Big 5 format)
This post is a re-blog from The Procrastinator's Mind. The Big 5 personality factors or test is by far the most accurate personality test available in the world right now. I've taken this test during my business school, and it is fairly accurate to not only me but also to all the other 400 students …
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Whenever there is no positive correlation between EBITDA and FCF, always trust FCF.
Comparing any two entities, may it be two different sportsmen like Michael Jordan and Lionel Messi or two different companies like Apple and GE, is always very difficult because there is no common structure to compare them. It is comparatively a bit easier to compare sportsmen or companies within the same category as comparing Ronaldo …
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The 5 Characters That Succeed And Don’t Succeed In Sports (& Life)
People who know me well know that I am very fascinated with sports. I love playing even in my busy schedule and I always take time to play cricket and other sports with the local kids around. Cricket is a sport I loved playing growing up for hours and hours, and I especially love the …
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Three Pillars of Demand Generation
Demand Generation is a set of activities that communicates relevant messages to appropriate audience and get them excited and interested about a company's products and services with an intention to convert the prospect into a qualified lead and then into a customer. The goal of demand generation is to develop the key prospect or customer …
Monetary and Fiscal Policy during Covid19
It is now very clear that the economic impact of Covid19 is going to be far greater than anything that we've seen in the last fifty years, and far greater than the 2008 global financial crisis. People who are poor and middle-class are going to be the most hit in this situation world-wide especially in …
Raising Autism – Acceptance, Understanding, and Love.
I've almost taken a mini-sabbatical since my last post. Hope you are all safe and doing fine. While we are all battling the Covid19 pandemic, I quietly took this time as an opportunity to spend time with my kid, Aarish. It is not every day that you can get some time with kids these days. …
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