Imagine giving your entire life and soul to build one of the most important organizations in modern human history and the board doesn't take even 2 days to remove you as CEO!
Probably wouldn't turn out well for Nvidia, the board has played into the hands of rivals.
Welcome to the world of FEMA compliance, 99% of bankers don't understand it yet a 100% of it enforce it.
Even if its not in the rules they would want a gazillion documents just for a simple thing.
The new FEMA rules have made me an exporter of services to America. Because I make videos that YouTube (an American company) pays me for, I’m considered an exporter in the eyes of the RBI. As a result, I must sign an Export Declaration Form (corroborate it with my Adsense account), sign it, stamp it, and email it to the bank. The bank then also wants a hard copy of each EDF. This is for payments as small as $100 to as large as $50,000. And I must do this every single time.
If the state is going to wear down creators, freelancers, and internet service providers like this and add nightmarish friction to the process of getting paid, it makes sense to either scale up to become a corporation (unrealistic and impossible for many) or start dealing in petty cash and cease to trade with anyone outside of India or simply pack your digital enterprise up and participate in the lala and seth ji ball-bearing economy.
idk who needs to hear this but someday all the love you’ve given to the wrong people will find its way back to you in someone who’s waited their whole life for your kind of love
rereading Dune and just came across the line “Once men turned their thinking over to machines in the hope that this would set them free. But that only permitted other men with machines to enslave them.” Frank Herbert was a prophet
Roughly 50% of the air fare is taxes and other charges, flight tickets are expensive because of these charges causing passenger loss and the airlines are still at a loss.
Only the govt and airports making money 🥱
so much for promoting digital India . Indigo is charging us 650Rs to pay through credit card, upi or any other online method . This is after different surcharges, airport fees, airline fees, cess and ofcourse GST . @IndiGo6E#AirSewa@RamMNK anything that you can do for this .
HNI Indian Fathers are destroying their own business and blaming their GenZ son for it.
They say the boy isn't ready. The boy is 28.
In most family firms you will find the same three traps.
1. The Signature Trap: the father still signs every cheque above ₹50,000. The son runs operations which means WhatsApp and paying office electricity bills.
2. The Audience Trap: every decision the son makes gets reversed in front of staff. After the third time, the son stops deciding. Then the father says, see, he doesn't take initiative.
3. The Succession Trap: no will, no shareholding transfer, no plan. Asked about it, the father says "abhi time hai." He's had a stent put in.
So what does the son actually do? He waits. He plays Director-Director at a company where he can't approve a ₹60,000 purchase. The staff know who the real boss is. So do the suppliers. So does he.
And the father is 100% to blame. He built a business that cannot survive a day without him and he calls that strength.
The old Marwari firms handed the gaddi to the son at 18 and the father moved to the back room. Today's founder hands over nothing and moves to a bigger cabin.
If you are 28 and still need your father's signature, you are not the director. You are the nominee.
+ "you know what i'd really like?"
- "tell me"
+ "a website"
- "...we can do a website"
+ "a real website, not some claude generated neon slop, a real website"
- "i'll make you a very good traditional handmade website, one that is built with dozens of snippets from stackoverflow"