Prev- Founder & CEO ...ย โขย 1y
If you own a small or mid sized business, Please think 100 times before accepting government contracts and have contingency plans ready 1. Assume that any government contract or plan you receive is only valid for 5 years or less 2. If the administration changes your contract could go berserk and policies could change overnight. what happened to L&T in Hyd is a great example, one policy change of giving free bus access to women disrupted their business 3. Your payments will be most likely delayed by quarters and years 4. you have to pay 1-4% commission on every payment released or certain % on total value of the contract to government officials 5. India is a socialist country, most hate capitalism and most policies are crafted against capitalism - so ideally no one or the govt wouldn't care if your business is going under the drain 6. Sometimes the government can cancel your contract stating the deficit of funds - you and your employees and their families are bearing the loss again :( 7. In govt contracts what is supposed to take weeks will take months, what supposed to take months will take years 8. For the very fact I know, few businesses do markup quotation since it's a govt contract but higher the markup lesser the higher the chances of things going south Ps: Views are my own, I don't support congress, BJP or any state party. I'm a core capitalist, only support businesses and my heart goes out for such struggling businesses :)
Entrepreneurial | As...ย โขย 4m
Hey guys, I'm planning on building an AI-powered lawyer app, users can upload their case documents and the AI will predict the probability of winning the case or determining a settlement. It provides legal advice through a chat system. It can also
See MoreBuilding xcesย โขย 3m
Nobody is ready to take risks and provide capital to early-stage startups easily. However, many startups still secure funding due to connections. Additionally, the government itself often does not fund AI or DeepTech startups. Even Shark Tank India f
See MoreTechnology, Developm...ย โขย 1y
๐ด28 employees entered #Google CEOโs office and threatened to stay there until Google canceled its $1.2 billion contract with the Israeli ๐ฎ๐ฑgovernment. Google has FIRED all of them from job. ๐ What's your take on this topic is it an ethical way
See MoreDownload the medial app to read full posts, comements and news.