In this age of Information sharing,Blogs have gained lot of popularity.Some say that the mainstream media faces a very stiff competition from blogs but the intention of blogging is not competition,but sole intention is Information sharing.Remember how much blogs helped during the time of disasters(like Tsunami, Mumbai bomb-blasts etc) and now we have technology blogs like TechCrunch, Digital Inspiration that provide us with all the technology oriented news.Well,these are just some of the popular blogs that I have mentioned keeping aside some of the so called silly blogs that just speak about some crap and hence in the process may not be getting more readership.

Just happened to see this article on BusinessWeek which covers “The importance of blogs in your business“.Definitely,Blogs are an effective marketing tool for small and medium sized organizations but with times changing,the question is “Do big corporates also require blogs?” Some of the corporate blogs that I noticed are:

So,why aren’t there more corporates coming up with blogs,which would help their employees the freedom to express themselves in public.Also, Blog would a very helpful tool for employment since,candidates can read blogs and see what employees are feeling about the company.On one hand,companies like Google that focus on innovation encourage blogging(where daily ,every employee has to devote some time for blogging) and on the other hand,instances like these that have recently happened where “An employee was fired just for blogging(though he had not blogged against the employer) could be one of the reasons why corporates don’t prefer having blogs.Or should I say “It is high time,big corporates become aware about the potential of Blogs in this fast growing competitive business world”

Question to my readers:Are Blogs really needed for corporates and if so why?

IIT Kanpur is organizing Megabucks,an International Business and Entrepreneurship festival from 6th April to 8th April 2007.Below are some of the details of Megabucks:

What is Megabucks?
Megabucks is the Annual Entrepreneurship Competition of Indian Institute of Technology, Kanpur. ‘Megabucks’, the event that provides a nurturing ground for the ventures emanating from business plans of students and professionals. It aims at serving as the right platform for budding entrepreneurs to act on their ideas and talents to develop them into reality and nurture them to form exceptional enterprises. Transversal E Networks, Kalzoom Technologies and GEO-X are examples of companies that have already bloomed into the corporate world through megabucks. With the passage of time, Megabucks has gained great recognition among the academia and corporate world.

Why should you attend Megabucks?
The event religiously receives participation not only from Indian institutes like IIMs, XLRI, SP Jain , IITs, but also from international universities like Stanford, Purdue and National University of Singapore.

Prominent names that would attend the festival:
Mr. Vinod Khosla,Mr. Amit Gupta(IIM A), Honorable Montek Singh Ahluwalia, Mr. K.V.Kamath, Mr. Muhammad Yunus, Mrs. Kiran Mazumdar Shaw, Ambanis and Mr. Sunil Bharti Mittal and many more

Competitions at Megabucks in a Nutshell:

How do you register for Megabucks:
You can follow the link to register for Megabucks

Registration for the various events have already started from 10th of March,2007
More details of the event can be found on their official website

After winning “Art of the Start by Guy Kawasaki” in the contest,this is the other blogging challenge which would be worth giving a try.

Indian Business networking site TechTribe has organized a “Nationwide Blogging Challenge” where TechTribe is looking out for the best Independent bloggers to submit their thoughts.The details of the contest are given below:

How do you participate:
1. Create a blog on TechTribe entitled: Blogging Challenge – “Your Name”
2. Write between 300-500 words on one of the three topics(listed below)

Categories for the challenge:
The submitted articles should fall in one of the following categories:

  • How has networking helped your career?
  • What makes you unique / How does your personal brand differ?
  • What innovation do you believe will help India?

Prizes for the contest:
Top 4 Blogs from each category would be adjudged winners receiving prizes given below:

  • First prize : Apple Ipod or Xbox 360
  • Second.Third and Forth prize: Each of the winners would receive an autographed copy of “How Innovators connect” by TechTribe CEO,Rohit Agarwal

Last date of entering the contest is Friday,6th April 2007

UdantakThe entire blogger community realizes the importance of Networking.The only way to get more visitors on your blog is by commenting on other’s blogs and this in turn would help you in building your network.Blogging is definitely a tool to share information.So,you might be thinking why am I trying to give my readers a lecture on Basics of blogging biggrin

Well, some of the early stage bloggers write pretty good content but they don’t get a platform for marketing their blog.Mitesh Vaha has a very good analysis of “The state of the Indian Blogosphere” and with number of Indian Blogs increasing day after day,a marketing platform for blogs was very much required.Udantak is the solution to all these problems.Udantak(see it’s pronouncation here) is a platform for bloggers to write, share , collaborate and earn as well.

What does Udantak mean?
Udantak is a Sanskrit word which means news, tiding, intelligence, satisfaction or satiety. And yes, that’s what; Udantak’s motto is, spreading the latest news, information, knowledge to the readers’ satisfaction.

What is the motto of Udantak and how would it help the Indian Blogosphere?
This is what Udantak has to say about itself

What are the finer benefits of joining Udantak?
Here are some points, to give you a brief idea of why exactly, it will benefit you and will benefit Udantak’s goals :

1. Will give you more visibility.
2. Will help you in connecting with fellow bloggers of same niche.
3. Will give you better Pagerank, Technorati and Alexa ranks.
4. Will find a place where you’ll be able to discuss and share knowledge with other experienced bloggers, with ease.
5. Will allow you to earn money through the network (Udantak’s advertising model will include, sharing of income with member blogs).

The brains behind Udantak:
Udantak is co-founded by 3 members and as you might have guessed,the founders of Udantak are Avid bloggers themselves
1. Mayank Gupta of ReviewSaurus
2. Mahesh Bhat of Kalaalog
3. Sourjya Sankar Sen of Chaos Laboratory

So,go ahead and collaborate using the Udantak network.You can check more about Udantak on it’s official Blog

The days of unconferences are back.Yes,Bar Camp,Bangalore is back and this time it is being tagged as “Bar Camp Bangalore3“.Even though the Logo of the unconference not yet finalized , there are already 90+ participants who have already registered for the event.

Do not miss the opportunity to Network,Learn and Share knowledge so, quickly register for the event here before it’s too late.

You can check out some of the BarCamp Bangalore 3 logos designed by Vijay Kiran here .Good work Vijay lol

Finally,Thoughtsprevail managed to reach 5 figures rank on Technorati and now Thoughtsprevail stands high and handsome at 97,013.Rankings are not important but it gives the indication that there are readers who have liked this blog.MyBlogLog is another attempt to spread the word of startups and Entrepreneruship to my readers biggrin

Yes , finally I added MyBlogLog in my blog and if you find this blog informative and useful, you can add Thoughtsprevail to your BlogBlog by clicking here

Let’s collectively improve the state of Indian Blogosphere and Entrepreneurship!!!

Daily we subscribe to newsletters from many sites but newsletters from some sites are so awful, that you won’t even feel like reading them.Just happened to see a post on StartupPrincess which stresses on “How Email Newsletters are a Cost-Effective Marketing Solution for Entrepreneurs

StartupPrincess has stressed on the quality of newsletters and some of the points which impressed me are given below:

1. You Must Have Compelling Info and Content to Share
2. Keep the theme of the newsletter simple and easy to Scan
3. Consider Design:
Make the design of the newsletter simple,attractive and more effective so that it looks more readable and presentable.
4. Stay on Schedule:

If you are sending the newsletter weekly/monthly , stick to the schedule.You never know how much people read it until you miss an issue.The quality of the newsletter should be as if you are sending a personal newsletter to the intended recipient.
5. Links are key:
If you want the newsletter to bring you sales, then be sure to include various links in the website that point readers back to YOUR site, articles, info, video, products, services, opportunities, calendars, etc.
6. Find an email program that can help you send your newsletter out professionally
7. Always edit and spell-check:
Which reader wants that there are spelling mistakes in the newsletter that you send,so better do a proper spell check as well as punctuation check before you send out the newsletter wink

You can read the complete article here

Before starting this post,I would like to confess that three years back,I was not aware about what is Entrepreneurship and now I blog on it and have started working on my own idea as well biggrin So what does it take to think big and take a path which others don’t think about?

Entrepreneurship is not a simple subject and being one is the most difficult as well as the exciting thing which one would experience in life.So,what transforms an ordinary person to think big and once he starts thinking big,what does he need to do?

I read that somewhere that in US,to get a company registered takes a few minutes whereas in India,it still takes months to do the same surprised But times are changing in India as well and this post would give an insight as to what an Entrepreneur should do before taking the final plunge.

1. Have an idea:
This is the very first step towards thinking big.So,once you have an idea,discuss it with your close friends(or colleagues) and get their feedback.Try to test if your friend would be interested in funding your idea and if he/she says yes,than you have hit the bulls-eye because “If you can’t sell an idea to a known person,how would you sell it to the unknown guys out therequestionThis makes me remember what Guy Kawasaki told “Always discuss your business ideas with women since male have a genetic problem of destruction and they want to kill everything right from plants to companies neutral Well,nothing to be offended here.

2. Build Contacts:
My first foray outside Bangalore was in BlogCamp,Chennai in September 2006 where I understood the power of Blogging.I met new people,some software consultants,some entrepreneurs,some engineers and the list goes on and on.So what was the change.I made lot of contacts and my network kept on growing.Remember,building contacts is not only exchanging business cards at conferences and than dumping them somewhere,you need to multiply your contacts through that one contact and on and on.You would require contacts before you start your company,when you are expanding your company or when you want to market your product etc.

3. Read about Entrepreneurship:
This is one of the basic steps that every person willing to be an Entrepreneur should do.There is no harm in thinking big and you should not try to repeat mistakes what other Entrepreneurs have made during their Entrepreneurial career.Every month,I always make a point to take one good book on Management or Entrepreneurship, so that I learn more about it and take precautions ,what successful entrepreneurs have recommended.I do agree that bookish knowledge is different from real experience but learning is the key and believe me , this has helped me a lot.What I do is carry a book to my office , so that it keeps me more motivated and also I can read it in my spare time.

4. Value your time:
Only people who are really passionate can do something big in life.Time is money and it is rightly said so.We do lot of things in our free time like watching TV, speak over the phone for hours or just sleep etc but one thing which we forget is we are spending Quality time fruitlessly exclaim Only people who value time can dedicate more effort for their idea and this is one thing which Entrepreneur would never forget since for him “Time wasted is a loss for him”

5. Do an industry analysis and and try to blog it:
You know what idea is in your mind but what about your competitors(if there are any).Learn more about the industry that your startup would fall into.Blog about your thoughts so that it is more visible to others.Learn about the Financial aspects of th business and this would be the toughest of them(if you come from a technology background).Get the industry information and have it on your own personal blog so that you can make more and more people aware about your interest.Remember,the more you blog,the more you read which means more the information that you have…So understand the power of Blogging.
This reminds me of what Wirkle founders have on their site…“We are a company of Bloggers”

6. Learn to Convince People:

When I was reading my latest read “Make the Move” , I just wondered that this is very much true.In the book,the authors Ishan Gupta and Rajat Khare have mentioned “During the Entrepreneurial days,the founders will have to play multiple roles from Founder–>CEO–>CTO–>CFO–>Officeboy and so on”.This means that you should be able to play multiple roles and this will apply before taking the plunge.As I mentioned before “A good businessman is a person who can convince people and before you start,you need to see whether you can sell idea at least to few people since you would have to play multiple roles , at least for the first few initial years of your startup.”

7. Join as many Networking sites as possible:
I have already spoken about “Building Contacts in point 2” , so what is special about Business Networking.Well,sites like LinkedIn and TechTribe helps you to be in touch with people you might never have met but the guidance you get from these sites is enormous.I had an article on TechTribe here , which is really informative.Who knows a someone from these site’s might be your partner.

These are purely my thoughts..I would love to hear from the readers , if there are some points , which I might have missed and you can add those in the comments section wink