Category Archives: Business

Google for Entrepreneurs – Polish that idea!

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You have an idea, make it happen! That is what ‘Google for Entrepreneurs‘ says! The Google wants to make new start-ups easier for the entrepreneurs. The mega-company already provides Internet-related products and services, including internet search, cloud computing, and software and advertising technologies; this is one more feather in the giant cap that Google wears.

This is a fantastic news for those who need some help with converting their ideas into a tangible service or product. This new initiative help you discover local programs and online resources to launch and scale your business. Many individuals, many companies and different start-ups are already joining the program to ‘Connect, learn, and grow through programs from Google and local partners’.

For those interested in exploring this, you can find workshops, networking events, mentoring sessions, and much more under Events.

There are all kinds of resources that you can utilize to grow your business with tools and online resources from Google. Continue reading →

Jobs and occupations in high demand : 2010-2020 Projections

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BLS 2010-2020 Projections: Employment change by occupation

The US Bureau of Labor Statistics (BLS, the Bureau) is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics. This BLS survey highlights the forecast on employment changes for different occupations.

Demand for jobs and occupations is affected by industry growth or decline. Many factors, including productivity increases and changes in business practices impact this job growth or decline. Based on BLS survey, these are the latest projections on employments changes for major occupational groups, for the period of 2010 to 2020:

Healthcare occupations: Employment among healthcare occupations is expected to increase by 29 percent. This growth, resulting in a projected 3.5 million new jobs, will be driven by increasing demand for healthcare services. As the number of elderly individuals continues to grow, and as new developments allow for the treatment of more medical conditions, more healthcare professionals will be needed. Within this group, two occupations are expected to add a substantial number of jobs: registered nurses, with some 711,900 new jobs; and home health aides, with roughly 706,300 new jobs. Much of the growth in this pair of occupations will be the result of increased demand for healthcare services as the expanding elderly population requires more care.

Personal care and service occupations: Employment in personal care and service occupations is anticipated to grow by 27 percent over the next decade, adding more than 1.3 million jobs. As consumers become more concerned with health, beauty, and fitness, the number of cosmetic and health spas will rise, causing an increase in demand for workers in this group. The personal care and service group contains a wide variety of occupations; however, two of them—personal care aides and childcare workers—will account for nearly two-thirds of the group’s new jobs. Personal and home care aides will experience increased demand as a growing number of elderly people require assistance with daily tasks. Childcare workers will add jobs as the population of children continues to grow and emphasis is increasingly placed on the importance of early childhood education, resulting in more formal preschool programs. These programs will increase demand for both childcare workers and preschool teachers.

Community and social services occupations: Employment in community and social services occupations is projected to increase by 24 percent, representing roughly 582,300 jobs. As health insurance providers increasingly cover mental and behavioral health treatment, and as of the population of elderly people grows, the elderly will seek more and more social services and demand for these workers will rise.

Computer and information technology occupations: Computer and information technology occupations are projected to grow by 22 percent, adding 758,800 new jobs from 2010 to 2020. Demand for workers in these occupations will be driven by the continuing need for businesses, government agencies, and other organizations to adopt and utilize the latest technologies. Workers in these occupations will be needed to develop software, increase cyber security, and update existing network infrastructure. Continue reading →

2010-2020 US Labor Force forecast by race, ethnic groups and by age

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2010 to 2020 US Jobs and Employment projections by race, ethnic groups and by age

Just like the US population, the American labor force is growing more slowly, becoming older and more diverse. U.S. Bureau of Labor Statistics (BLS) study outlines the jobs and employment projections by race, ethnic groups and by age.

In these stats, the labor force is composed of all persons 16 years and older in the civilian noninstitutional population who either are employed or are unemployed but available and looking for work.
Here are the key highlights (Click on the charts on the right for bigger legend):

  • The civilian labor force is projected to reach 164.4 million by 2020, an increase of 6.8 percent.
  • The U.S. workforce is projected to become more diverse by 2020.
  • Among racial groups, Whites are expected to make up a decreasing share of the labor force while Blacks, Asians, and all other groups will increase their share (Chart 2).
  • Among ethnic groups, persons of Hispanic origin are projected to increase their share of the labor force from 14.8 percent to 18.6 percent.
  • The Asians are projected to increase their share of the labor force from 4.7 percent to 5.7 percent.

Continue reading →

US Employment forecast by industry: 2010-2020

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2010 to 2020: US Jobs and Employment change projections by industry

Based on U.S. Bureau of Labor Statistics (BLS), the total employment is expected to increase by 14 percent from 2010 to 2020. However, the 20.5 million jobs expected to be added by 2020 will not be evenly distributed across major industry and occupational groups. Changes in consumer demand, improvements in technology, and many other factors will contribute to the continually changing employment structure of the U.S. economy.

The underlying analysis (of BLS employment projections) uses currently available information to focus on long-term structural changes in the economy. This post examines the projected employment change within the industries:

Service-providing industries

The employment shift in the U.S. economy away from goods-producing in favor of service-providing industries is expected to continue. Service-providing industries are anticipated to generate nearly 18 million new wage and salary jobs. As with goods-producing industries, growth among service-providing industries will vary (Chart 5 below).

Healthcare and social assistance: The healthcare and social assistance industry is projected to create about 28 percent of all new jobs created in the U.S. economy. This industry—which includes public and private hospitals, nursing and residential care facilities, and individual and family services—is expected to grow by 33 percent, or 5.7 million new jobs. Employment growth will be driven by an aging population and longer life expectancies, as well as new treatments and technologies.

Professional, scientific, and technical services: Employment in professional, scientific, and technical services is projected to grow by 29 percent, adding about 2.1 million new jobs by 2020. Employment in computer systems design and related services is expected to increase by 47 percent, driven by growing demand for sophisticated computer network and mobile technologies. Employment in management, scientific, and technical consulting services is anticipated to expand, at 58 percent. Demand for these services will be spurred by businesses’ continued need for advice on planning and logistics, the implementation of new technologies, and compliance with workplace safety, environmental, and employment regulations. Combined, the two industries—computer systems design and related services and management, scientific, and technical consulting services—will account for more than half of all new jobs in professional, scientific, and technical services. Continue reading →

Are you in the right Job or occupation? The Monday morning test!

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Jobs and occupations – Evaluating your current work options!

Tokyo Women’s Medical University study, published in the American Journal of Hypertension, shows that many workers suffer a significant increase in blood pressure as they return to the office after the weekend.

Other researches show that the most common day for heart attacks is Monday. Statistics spike on Monday mornings, in particular, since heart attacks occur between 4 a.m. and 10 a.m. more than any other six-hour period.

How much do you really like your job or occupation? How you feel on Monday morning may be the real test of your career choice and the occupation. There are very few who enjoy waking up Monday morning, looking forward to the work. After a relaxing weekend, very few want to go back to the job routine. After all, as name says it all, work is just that – work!

Most of us work for livelihood, and there is no choice but finding a way to make the living. There are very few who have combined their work with their favorite hobby. If your work is also your hobby, well then you don’t know much about the Monday morning blues!

How stressed you are on Monday morning may be the real test of your carrier choice – how well you like your job and the work-place. If you feel like having a heart attack every Monday, or every other day for that matter, then you should certainly reconsider your work options – find a way to deal with the stress more effectively or look for a different job. After all, health should come before work, or that is how it should be prioritized.

It is easier said than done, but it is not impossible! Continue reading →

The Indian Mangoes abroad

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The Indian and Pakistani Mangoes in USA!!

In Indian continent, mango is the king of the fruits! Chausa, Dasheri, Kesar, Langra, Haapoos and so on – there is no shortage of the different flavors and mouth-watering varieties as you move from one part of the country to another. This ‘fruit of the gods’ is taken for granted in Indian, Pakistani and many neighboring cuisines.

From king of fruits to just an average fruit – mango is just another fruit in the western countries. As you step outside the Indian continent, you can still find mangoes if you look for them. In USA, mangoes are sold in many fruit shops and grocery stores. However, these are not the mangoes that grow in the Indian orchards; these are not the same mangoes as the ones you once tasted on the roadside stalls in India. Yes, these are mangoes, but not your Chausa, Dasheri or Langra.

The most of the mangoes sold in US and Canada are the locally grown fruits or the ones shipped from Mexico. Many of these local mangoes leave much to be desired. They don’t taste the same as the ones from India, unless you have never had Indian mangoes, or perhaps you forgot the taste of the years. The Indian mangoes are much sweeter, mush more richer and much more… umm… let’s just say ‘tastier’. There are some things that you cannot really describe. You won’t know the difference unless you try them for yourself. Continue reading →

Commonsense tips on investing and investment ideas

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Commonsense tips on investing while living home or abroad

“It is a wise man who lives with money in the bank, it is a fool who dies that way.” ~ French Proverb

No matter where you live, the financial planning and investment approach is not much different. By end of the day, the general goal is:

  • Spend less that you earn
  • Save for the rainy days
  • Maximize the return on investment without taking huge risks
  • Save for the future and retirement days
  • Enjoy life – money is a mean to live, not the ultimate goal

This article is based on the personal experiences in investing, no formal education in investing or financial planning here. DO NOT base your investment decisions solely on these tips. This is a simple advice from one investor to another. Your situation and circumstances may vary, so this may not apply to everyone.

These are some of the useful and commonsense tips on investing:

1. Save: Yes, the first principle to maximize your net capital or net portfolio is to save. The saving does not always mean being overly frugal or cutting down on the basic needs like food consumptions (while that may not be a bad idea in many cases). Consider eliminating the unnecessary spending and waste. ‘50 tips on saving’ is good article if you are looking for ideas on how to save.

2. Emergency fund: Before investing, it is always a good idea to have emergency fund that you can draw on, in case of emergency – such as loss of employment. Many suggest that you should have enough money readily available so you and your family can live off it for at least six months. Many other suggest having enough emergency funds for a full one year. Based on personal situation, decide on the size of the emergency fund. This money can sit in the savings accounts or other low risk options like short term certificates of deposits or low risk money market funds etc.

3. Understand your risk tolerance: Now, you may see advertisements boasting something like “double your money in x months with no risk”. Well, there is no such thing as ‘no risk’ when it come to investing. There are low risk alternatives or what many call ‘conservative approach’ to investment, but there is always some sort of risk. There is always a possibility that you may lose your shirt in many investments. So, make sure you understand the downside; make sure you can tolerate the short term or long term fluctuations in your investment choices.

4. Diversify: Diversification is one of the main methods used to minimize the overall risk of an investment portfolio. In other words, don’t put all your eggs in one basket. Stocks, mutual funds, real estate, precious metals like gold and silver – there are different choices to investments. Even within stocks and mutual funds, there are categories based on different company size and different countries etc. Before investing, it is not a bad idea to understand the diversification options that suits your situation. Continue reading →

Price of True Love is up again in 2010!!

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Thanks to the rising price of gold and the soaring birds, the price of ‘true love’ has gone up again. This is based on the price of all the gifts mentioned in the old Christmas carol – ‘The Twelve Days of Christmas’.

Just to to refresh your memory, the carol is a cumulative song, adding the gifts AGAIN as the days go by. The first day starts with one gift from the true love, repeating the same gift next day and adding one more every day. So, on the 12th day, the true love receives 12 gifts. Now that is …ummm…. true love!!

The first verse:

On the first day of Christmas my true love gave to me
a partridge in a pear tree

In the second verse, another gift gets added for the second day:

On the second day of Christmas my true love gave to me
Two turtle doves
and a partridge in a pear tree

In the third verse, there are total 3 gifts for the 3rd day:

On the third day of Christmas my true love gave to me
Three French hens
two turtle doves
and a partridge in a pear tree

And so on….

The last verse of the carol for 12th day obviously includes all the 12 gifts:

On the twelfth day of Christmas my true love gave to me
Twelve drummers drumming
eleven pipers piping
ten lords a’ leaping
nine ladies dancing
eight maids a’ milking
seven swans a’ swimming
six geese a’ laying
five gold rings
four calling birds
three French hens
two turtle doves
and a partridge in a pear tree

Since 1986 every year, PNC Wealth Management has entertained the banking world and rest of us by calculating the cost of the items in this song, if purchased at current prices. According to the bank, the cost of 12 sets of gifts for 2010 is $23,439. They call it PNC Christmas Price Index. Compared to 2009, the CPI has gone up more than 9%. Continue reading →

Employment Picture for US Families

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USA Employment Characteristics of Families Summary, U.S. Bureau of Labor Statistics Release; May 27, 2010

As the country struggles with high unemployment rate, more and more families are impacted by the current economic downturn. Here are some interesting facts from U.S. Bureau of Labor Statistics (US Department of Labor) on family level employment in USA:

  • More and more families have at least one of the family member out of work.
  • The share of families with an unemployed member rose from 7.8 percent in 2008 to 12.0 percent in 2009.
  • The proportion of families with an unemployed member in 2009 was at its highest level since the data tracking began in 1994.
  • Of the nation’s 78.4 million families, 80.4 percent had at least one employed member in 2009, down by 1.8 percentage points from 2008.
  • There were 9.4 million families with at least one unemployed member in 2009, up from 6.1 million in 2008. in 2009.

    • Continue reading →

Investing aggressively into India? Think twice!

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Okay, first of all, I am not any certified financial advisor, nor do I hold any degree in the field of finance or investing. I am good at math, according to my teachers, but that does not mean anything – almost all Indians consider themselves to be good at math. Bottom-line; take this rant with a grain of salt. On a second thought, may be more like with a spoonful of salt. :)

When it comes to economic growth since early 90s, the whole world is singing praises of India and China. Even the latest predictions estimate Indian GDP growth rate at more than 7%. That is more than double of what is expected in most of the western countries. So, things are not as bad as rest of the world, so it seems.

However, India has seen a tremendous growth in the last decade and beyond. Compared to only 6-7 years ago, the real-estate values have tripled or quadruped in many part of the country. The IT boom has been very significant, to say the least.

So, what is the problem? Exactly that – the long lasting boom. The upward growth has been so good for so long, that it is defying the laws of averages. Every good thing comes to an end, even though the end is hard to predict some times. Continue reading →

Import of Gold and Silver into India by NRIs

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Facilities on overseas assets for NRIs returning to India – Gold and Silver import

Below are the general guidelines on Gold and Silver import into India by returning NRIs including maximum limits, duty and other restrictions:

Import of gold by NRIS

  • NRIs can bring into India gold up to 10,000 grams as part of their baggage once in six months provided they have stayed abroad for a continuous period of six months.
  • The gold may be brought into India in any form, including ornaments (other than ornaments studded with stones and pearls).
  • NRIs are required to pay customs duty in any convertible foreign currency. Refer to the Export Import Policy of the Government of India for the latest rate in rupees per 10 grams of gold.
  • NRI can bring gold into India once in six months.
  • NRI should have stayed abroad at least for a minimum period of six months prior to his/her return to India for being eligible to bring gold.

Import of silver by NRIS

  • NRIs can bring to India silver up to 100 kilograms as part of their personal baggage.

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Run your business like a Kids’ Lemonade stand

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Kifds' Lemonade Stand

They say – if life gives you lemons, make lemonade. I say, start a lemonade stand; or start a business that runs like a lemonade stand.

Why? What is there to learn from a bunch of kids sitting on a street corner or in front of their house, selling lemonade to the passers-by on a hot sunny day?

Well, quite a lot. The lemonade stand has some of the most commonsense at display, when it comes to operating a business.
See it for yourself, some of the common characteristics of a kids’ lemonade stand:

1.Simple and straight-forward: Nothing complicated or flashy – one table or desk, disposable glasses, a piggy-bank or a container for cash and lemonade making supplies- that’s all. That is all the kids need to run their business. Simple but yet so complete, as if nothing is missing.

2. No tricks, no guises: Everything is on the table; there are no tricks and no hidden agenda. Everyone passing by knows what to expect from a kids’ lemonade stand. Continue reading →

Wal-Mart shops for IT in India

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Three Indian IT firms get $600 million Wal-Mart deal

The trend – Buffalo to Bangalore – continues. The foreign wind continues blowing toward Indian IT. Everyday there are new IT outsourcing from Western countries to India. But, this one is BIG:

The Business Standard reported on Friday that American Wal-Mart (Walmart) has selected three IT vendors in India to outsource its IT needs. The company has selected three prominent IT vendors from India — Infosys Technologies, Cognizant Technology Solutions and UST Global — for multi-year contracts worth over $600 million (around Rs 2,750 crore).

In the start, each firm is expected to earn Rs 250 crore to Rs 300 crore annually. The figure will likely grow as Wal-Mart increases outsourcing of work from its main merchandising division. Infosys and Cognizant are expected to get a larger share of the contract.

According to this new mega contract, Infosys and Cognizant will be responsible for application development and support, while UST Global will owe the testing of these applications. Continue reading →

All that glitters is Gold – 200 tons!

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India Buys 200 tons of Gold to diversify its assets!

It was the summer of 1991, times were tough – well, for India. The country was struggling to make the payments on its international loans. With the fear of default on upcoming payments, India pawned its hard asset, the gold – 67 tons of it. To raise badly needed cash, India sold 47 tons gold to the Bank of England and 20 tons to the Union Bank of Switzerland. The total price -$600 millions.

For a person, or a family or a nation, the tough times always bring some tough tests, some tough choices. It is during the down times when resilience, endurance and willpower are tested. The real character – the real character of a person, a real character of a nation – emerges from the behavior and actions during challenging time.
So, what are the results of such tough tests? It is either a downward spiral that could lead to complete devastation, or a rise to glory from the ashes.

The test of 1991 economic crisis fell on the shoulder of the newly appointed finance minister. Luckily, this time, it was not just another politician. It was someone who knew a thing or two about finances and economics. For a change, a man with financial vision took over the economy of a beaten down country. This man with a vision – the new Finance Minister – was none other than Dr. Manmohan Singh. Continue reading →