Dhirubhai Ambani is the founder of Reliance Industries Ltd, which is today the largest private sector company in India, and one of the largest contributors to income tax to the Govt of India.
Today the Reliance group has multiple companies that are run by his two sons: Mukesh Ambani and Anil Ambani, who have different management styles but very capable and effective in their own ways.
Dhirubhai Ambani was a keen observer, constant learner, and he took calculated risks. Some of them went right, and some did not. He was pragmatic in solving problems and he understood people very well. He believed in new technology, youth and speed.
Above all, he was a generous person with a good heart. Dec 28 is his birthday. Thank you Dhirubhai for everything. Your advice and guidance is really appreciated!
Sometimes buying a new business isn’t what you’re looking to do. There’s a lot to go through and even more to figure out. However, you can also buy companies that are in trouble and make them into something better. This may seem difficult, but with enough investors, it can become quite the venture.
Private equity is pretty much when you invest in a company with very little money, or that is going bankrupt. You now own a piece of it and are responsible for it. On the other hand, you also have the potential to make the business sink or swim. This means that you are also responsible for repaying any loans you and the other investors take out for the benefit of the business.
You can take something that was previously failing and make it into a better company than it was before. However, to do this, you need adequate private equity funding. But also keep in mind that this isn’t a one person venture. You need help financially and to have other investors willing to help you along with enough funding to completely renovate and fix the business you are investing in. There are several ways to come across enough money in order to do so. One way is loans. Continue reading →
Buying a house is one the biggest investment you will ever make. Period. Hence by spending the time and effort to find the best mortgage rate is essential in keeping your costs down, but more importantly help you meet your monthly mortgage repayments, and stay within your budget. This is where a knowledgeable mortgage broker can really help you find the best mortgage that works best for you. But before you sign anything, below are 5 simple questions you need to ask any mortgage broker.
1. What is the best interest rate I can get?
A broker earns his living or commission from financial institutions he or she can successfully sign you up with. Hence, you want to ask what is the best rate (and the best package) for your circumstance. Of course, the lower the interest rate, the better off you will be. However, before you decide, make sure the mortgage does suit you day to day living. As well, you want to make sure he is in tune with the mortgage market and acting on the best interest on your behalf. A good broker will keep you updated on rates as they change. Continue reading →
