Incentives are THE best way to get anything you want in life and business by influencing human behavior.
I've spent 100s of hours studying incentives so you don't have to.
Now I've turned this research into the book "17 Power Laws of Incentives".
Want it?
- Drop me a follow
- Like + Comment "Munger"
- RT's are appreciated
I’ll dm it to you.
“Never, ever, think about something else when you should be thinking about the power of incentives.” — Charlie Munger.
(5/5) Instead of dealing with this silently, we raised this as a public grievance with the hope that it will help other startups too. (Public Grievances Portal Registration No. MOLBR/E/2018/04307.) Waiting ... @santoshgangwar@LabourMinistry@PMOIndia
(4/5) Demanding 4.3 lakhs of rupees to be paid as dues, when zero money is actually due, is plain extortion. Did the ESIC official(s) who sent this order even think before putting in that arbitrary number? Why not 43 lakhs or crores? @santoshgangwar@LabourMinistry
(3/5) Makes one wonder if ESIC is trying to make some quick money by betting that small scale entrepreneurs would rather pay up than engage a lawyer and make numerous rounds to the tribunal court? Reminded of Kafka's "The Trial". @santoshgangwar@LabourMinistry
(2/5) While @narendramodi and @PMOIndia are trying to create a startup friendly scene, the govt departments seem to be stuck in the British raj era that was hostile our own country folks. We've been trying to formally close the company since 2015 but it is extremely complicated.
(1/5) Our startup @altheasys wound up operations in 2014. Never had any employees under ESI coverage. Yet, ESIC sent us arbitrary notices, to cough up Rs 4.3 lakhs as dues! When will our govt departments be truly entrepreneur friendly? @santoshgangwar@LabourMinistry