India’s very own cab hailing company Ola will start seeing profits in 2 years, its Co-Founder Bhavish Aggarwal claimed during an event on India Internet Day, 2017. His plan is “ to go into niche areas and build relevant products that will significantly improve the bottom line.“
In its last available fiscal report from 2014-15, in order to save the ship from sinking and to fend off stiff competition from its prime competitor Uber, Ola lost around Rs. 3 for every Rs. 1 in revenue. Its net loss is at a whopping Rs. 754.8 crores, in comparison to its loss last year which was at Rs. 34.2 crores.
Aggarwal said Ola Share and Ola Prime were the company’s fast-growing categories. But ironically, this carpooling services offered by Ola (Ola Share) and Uber(Uber Pool) faced problems, with the Karnataka Government Transport department ordering the two companies to cease all carpooling schemes in January. It was because no proper steps had been taken to regulate this mechanism of car pooling.
When asked about drivers’ grievances, Aggarwal said the company is in the process of launching a whole new set of products for drivers. These app-based taxi service companies saw several hiccups in February, with over hundreds of drivers across various cities entering into protests against the falling incomes and incentives.
To add fuel to the fire, a few from the company’s top brass recently decided to quit their positions and wanted to be relieved of their duties to the company. Notable names involved Chief Marketing Officer Raghuvesh Sarup and Chief Financial Officer Rajiv Bansal. Sundeep Sahni, a highly talented hire who headed the company’s new initiatives, and Abhimanyu Rawal, head of the luxury cab service Ola Lux, had also resigned in December.
In spite of all this, Mr. Aggarwal is firm and confident things will turn around in due time, and his company will persevere through these dark times to once again see the light of day.
Will they? Or won’t they? Only time can tell.
Warren Buffett Most Inspiring Quotes
The fourth richest man in the world, Warren Buffett is one of the greatest businessmen and investors of all time. Known for succeeding in everything at which he tried his hands, Warren Buffett is an inspiration to many. Here are the 10 most inspiring quotes by the “Oracle of Omaha.”
Most inspiring quotes by Warren Buffett
1) About passion
2) About happiness
3) About expectations
4) About success
5) About spending
6) About the important rules of life
7) About reputation
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Know the risks for it will keep you cautious. . . #StartupStories #StartupLife #GrowthTips #FridayThoughts #WarrenBuffett #USA #motivationalspeakers #motivationalquotes #inspirationalquotes #inspiration #success #successmindset #sundaythoughts #sundaymotivation #believeinyourself #believe #entrepreneur #entrepreneurship #entrepreneurgoals#instadaily #instainspire
8) About doing good
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Work in such a manner that you leave behind something useful for later generations. . . #StartupStories #StartupLife #GrowthTips #LifeHacks #WarrenBuffett #ThursdayThoughts #motivationalspeakers #motivationalquotes #inspirationalquotes #inspiration #success #successmindset #believeinyourself #believe #entrepreneur #entrepreneurship #entrepreneurgoals#instadaily
9) About investment
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Invest in yourself before investing in anything else. . . #StartupStories #StartupLife #FactOfTheDay #MondayMotivation #GrowthTips #LifeHack #warrenbuffet #warrenbuffettquotes #motivationalspeakers #motivationalquotes #inspirationalquotes #inspiration #success #successmindset #believeinyourself #believe #entrepreneur #entrepreneurship #entrepreneurgoals#instadaily #instainspire
10) About greed and fear
From being a paper delivery boy, to becoming one of the richest men in the world, Warren Buffett is an absolutely inspirational figure.
Comment below and let us know which of these quotes by Warren Buffett inspired you the most.
First Jobs Of Famous Billionaires
The success stories of many billionaires around the world inspire many people of our generation and have, on several occasions, ignited a desire in many to start their own business. However, many of these successful people began their career by working ordinary jobs. Let’s look at 5 such successful people, who started their career by working some very ordinary jobs.
First jobs of famous billionaires
1) Warren Buffett
Warren Buffett is the CEO of Berkshire Hathaway and is often referred to as the “Oracle of Omaha.” However, this American business magnate started his career by selling Coca-Cola bottles, chewing gum and magazines door-to-door. At the age of 13, he became a newspaper delivery boy and made $ 175 a month, delivering The Washington Post. He continued to look for other business ventures and accumulated savings of $ 9,800 by the time he finished college. Now, with a net worth of $ 82 billion, he is the fourth richest person in the world.
2) Michael Bloomberg
Michael Bloomberg, who founded the financial, software, data and media company Bloomberg L.P., worked as a parking lot attendant when he was young. Born to middle class parents, Bloomberg worked in a parking lot to pay his tuition fees in college and went on to graduate from Harvard Business School. Now a well known philanthropist, Michael Bloomberg is one of the richest people in America, with a net worth of $ 53.5 billion.
3) Oprah Winfrey
Oprah Winfrey is a well known media mogul and entrepreneur, who worked as a grocery store clerk in Nashville to support herself. She then landed a job in radio at the age of 16 and worked her way to the top, eventually owning her own production company. Now, with a net worth of $ 2.6 billion, she is considered one of the most influential women in the world and is a source of inspiration to many.
4) Li Ka Shing
Li Ka Shing was the former chairperson of CK Hutchison Holdings and CK Asset Holdings and is one of the most influential entrepreneurs in Asia. Coming from a poor family, he started his career as an apprentice at a watch strap factory when he was 13 years old and at the age of 19, became the general manager of the factory. He later started his own plastic manufacturing company and used the profits from the company to invest in real estate. Li slowly worked his way up the ladder of success and is now one of the richest people in Hong Kong, with a net worth of $ 27.1 billion.
5) Mark Cuban
Mark Cuban is an American Shark Tank investor, co founder of Broadcast.com and owner of the American basketball team Dallas Mavericks. Cuban began working at the age of 12 as a door to door garbage bag salesman. After graduating college, he worked as a bartender and then as a salesman for a software company. He started his own company, Broadcast.com, after getting fired from his job and now has a net worth of $ 4.1 billion.
It is true, starting at the bottom does not guarantee success. However, if you find your passion and work hard towards it, nothing is impossible, as the aforementioned individuals proved.
JRD Tata Unknown Facts
Tata Group, which began in 1868, has had six chairmen until now. Among the six men who served this renowned business group, there was one exceptional man who served as its chairman for 50 whole years and took the Company to great heights. Yes, the man we are talking about is none other than Jehangir Ratanji Dadabhoy Tata, or JRD Tata.
From starting India’s first ever international airline, to giving the Country one of its largest cosmetic brands (Lakmé,) this gentleman has done it all. JRD Tata also strived his best to improve India’s economy on the whole. Here are some unknown facts about this exemplary industrialist.
Unknown facts about JRD Tata
1) JRD Tata was born on 29th July, 1904 in Paris and had a French citizenship for a long time. He even served as a part of the French Army for one year.
2) In 1925, he entered the Tata Group as an unpaid apprentice.
3) JRD Tata was always keen on flying and became India’s first licensed pilot in 1929.
4) In 1929, JRD Tata also renounced his French citizenship and took up Indian citizenship.
5) In 1934, JRD Tata was elected as the Chairman of the Tata Group. He was only 30 years when he was elected for this position, making him the youngest person to head the Group.
6) When he was appointed as the Chairman, the Tata Group had 14 companies under it. JRD Tata expanded it to an empire of 95 companies in a span of 50 years. Some of the most renowned companies established by JRD Tata during his tenure as the Chairman include Tata Motors (1945,) Lakmé (1952,) Tata Tea Limited (1964,) Tata Consultancy Services (1968) and Titan Industries Limited (1987.)
7) JRD Tata was the person who launched Air India International, India’s first ever international airline. For this reason, he is also known as the ‘father of Indian aviation.’
8) JRD Tata was the man who initiated the ‘employee welfare schemes’ in India. He is responsible for the 8 hour work day, free medical aid and the employee provident fund. These principles were later adopted by the Indian Government.
9) It is no surprise this man received several awards during his lifetime. His awards include the Padma Vibhushan (1957) and the Bharat Ratna, India’s highest civilian award (1992.)
10) When JRD Tata died in November 1993, the Indian Parliament was adjourned in his honour.
Which of these facts about JRD Tata surprised you the most? Comment below and let us know.
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