THE HOUSE OF SEKHON - YOUR PARTNER IN CAPITAL ASSETS CREATION. USING FREE MARKETS TO CREATE A RICHER, FREER, HAPPIER WORLD !!!!!

SFO - Your Nation Building & Business Building Partner

by J S Sekhon

OUR ACTIONS TODAY SHALL DECIDE WHERE WE SHALL BE AFTER OUR JOURNEY THROUGH 25 YEARS OF AMRIT KAAL

  • As a move to strengthen India's indigenous capabilities during AMRIT KAAL, #SFO is financing many Indian National/State/Province Governments, Municipalities, Public/Private Sector / Companies , Cooperatives, NGO's, Banks, NBFC, AIF, VC/PE etc to nurture strong self-reliant Institutions / Ecosystems.
  • We are fully prepared to help you become a remarkable growth engine in India's 25 years of AMRIT KAAL.
  • Investing Capital beyond mere services, we have made a lifelong promise to serve every Indian and propel our nation on the path of growth.
  • As glorious as our nation's voyage to development, we at #SFO feel elated to be a part of its journey since 1934, and strive to excel our contributions #InServiceOfTheNation, each day. 🇮🇳

IF YOU WANT TO MAKE YOUR NEXT 25 YEARS A GLORIOUS JOURNEY OF NATION BUILDING, CONTACT US

  • What we excel at, we share and institutionalize it at our clients place. At SFO we believe that Entrepreneurs should be nation builders and not just wealth creators. And we help them with everything that is needed to build Nation by providing. 
    • Competitive Capital. 
    • 100 X Growth Vision.
    • Global Markets.
    • Government Projects. 
    • Governance Structures.
    • Best Practices.
  • Entrepreneurs not only create jobs for themselves but also build opportunity for other people to grow.
  • Entrepreneurs should be the nation builders and not just wealth creators.
  • Ideas of young people and entrepreneurs are the assets of the state and they should contribute to economic growth of the state.
  • Entrepreneurs should take steps towards new heights with innovative and revolutionary ideas for the economic progress.
  • Entrepreneurs are recommended the improving skill sets of, and capacity building for, entrepreneurs; value chain of bottling, packaging, pricing and the entire output process of the final product/service and; creating value and push from the government for local brands.
  • Entrepreneurship facilitation cell under Department of Industries; association of business, need to maintain common database to identify and track defaulters; banks need to introduce fast tracking of micro loans, standardization of documents; Ease and reduce time of processing contract, financing loans etc and Start-Up policy.
  • On market linkage, it is recommended improved road connectivity; create a better system to motivate a healthy work culture; better internet connectivity; MoUs with underground factions to not tax new entrepreneurs for the first 3 years; and regular electricity including electrification of more rural areas.

BECOMING A NATION OF ENTREPRENEURS

  • Our society faces multiple challenges as we head into the post-COVID era.
  • Countries around the globe, face several serious societal issues that require our best creative thinkers to begin to solve. We can no longer ignore, for example:
    • Growing economic and opportunity inequality
    • Racial injustice
    • Continued gender discrimination
    • Global warming and climate change
    • A fractured political system that threatens our democracy
  • We don’t believe that there is a “one size fits all” approach to tackling these issues, and we are distrustful of the unanticipated consequences of massive government programs that have good intentions. We have a more simple and straightforward idea that will move us toward multiple solutions to these seemingly intractable problems.
  • We need to become a nation of entrepreneurs. We need thousands of people starting new businesses based on their ideas for how to deal with these societal issues, as well as others that exist. We need new products, new services, new jobs and new forms of business to tackle these difficult challenges. Business needs to be a part of the solution.

THE NARRATIVE OF BUSINESS

  • One of the most hopeful signs is that the underlying narrative of business is fast changing its tune. No longer do we see the view that business is only about profits for shareholders. JUST Capital has documented that a vast majority of people, 89 percent, want companies to focus on doing right by employees, customers, communities and the environment.
  • Of course companies have to make money in order to do this. But so-called “shareholder primacy” has run its course and “stakeholder capitalism” has begun to take hold. From the Business Roundtable statement to the Blackrock CEO’s annual letter to CEOs, endorsing the idea of purpose and creating value for stakeholders, we are entering a new era. We must build our business system based on what has always made capitalism work: the incredible energy of our entrepreneurs.

SIDE HUSTLES

  • Boomers have long been involved in struggles for civil rights, environmental sustainability and other social issues. Meanwhile, younger generations, millennials and zoomers, see the future and realize that business must play a role. Post-pandemic, more millennials approve of both capitalism and socialism.
  • Millennials are the side-hustle generation. In 2019, among young adults ages 18–29, 19 percent were self-employed as their primary employment, and another 19 percent had a side hustle of some sort while punching the clock at a “day job.”
  • For their part, many retiring boomers are finding a new chapter by starting something they have dreamed about, starting side hustles of their own. Almost one-third of boomers are also engaged in side hustles. And we know that there are more self-employed people among older folks like boomers. This may be due to the fact that more small businesses are run by boomers, and they may work longer than the typical retirement age.
  • For the past decade, new business applications have been on the rise from 2.5 million in 2010 to 4.35 million in 2020. The birth to death ratio of new business startups to failures tells another story.

Small Business Survival Rates (1994–2018):

  • Two-year survival rate: 68 percent
  • Five-year survival rate: 49 percent
  • 10-year survival rate: 34 percent
  • 15-year survival rate: 26 percent

A NATION OF ENTREPRENEURS

To become a nation of entrepreneurs, we need to do several things simultaneously:

  1. Create good jobs. Between 2000 and 2019, small businesses accounted for 65 percent of net new jobs . Furthermore, they employ 47 percent of all private sector employees.  These often start as part-time side hustles, but as the businesses become more viable, they are transformed into purpose-driven, sometimes lucrative jobs. At the extreme are the Silicon Valley unicorns, but there are plenty of businesses that started as side-hustles that became established companies. For example, Apple, Facebook, Twitter, UnderArmour, Khan Academy, Spanx and other large companies were all started as side hustles.
  2. Redefine entrepreneurship in a more inclusive manner. It is a broader idea than unicorns, angel investors and venture capitalists all looking to hit a home run. Small businesses are the main source of employment around the world. Many are established and are far distant from their startup days. But the owners must continue to have an entrepreneurial outlook in order for the businesses to sustain themselves. Startups average 4.4 employees per company, and small businesses average 22.22. In both cases, everyone knows everyone else and there are few barriers to working together to create value for customers, suppliers and communities, as well as employees and owners.
  3. Provide better access for everyone — to current jobs and to resources for starting companies. We need more incubators and accelerators that encourage people to start their own businesses and to start them in the right way. Businesses that don’t create value for customers, suppliers, employees, communities and owners are not sustainable. SFO has been doing this, especially for people who have been shut out of the business system we provide some capital and some advice and coaching, as well as a physical space where like-minded entrepreneurs can meet and discuss common issues and opportunities. 
  4. Raise up the idea of “good business” as part of the solution to these challenges. Much in the way that the National Quality Awards raised awareness about using “quality management” to improve companies and make them more responsive to the knowledge that many employees have, we need something like an “Office of Good Business” to act as a cheerleader and facilitator. One of the government’s many roles is to act as facilitator of value creation, rather than owner of production or mere referee and regulator. Such an office could help small businesses, family businesses and startups with finding capital, great employees and other companies to work with.

BUILDERS OF SOCIETY

  • The best companies are builders of society. And plenty of them exist. We need to focus on these companies because they bring people together; they don’t drive them apart. They don’t take shortcuts. They don’t engage in financial manipulations. They create jobs and stand by their products and treat employees fairly. They are good citizens and build communities. They stand for human freedom, dignity and equality of opportunity for everyone. In short, they adhere to the idea of stakeholder capitalism, which is what Nations Peopls expect of their companies. We need many more of these companies.
  • We often think of ourselves as an export-based economy, and on a simple level, we are. However, a glance at our GDP and export ranking makes it clear that there’s still a way to go before punching our weight in exports — let alone above our weight like a modern, competitive and globalised economy should. 
  • In an era of undeniable globalisation, one resolute trend is the world’s growing inequality. Between 1984 and 2004, 98% of the developed world saw a rise in income, whereas since 2005, 70% of households in the developed world saw no rise in real terms.
  • For the first time since World War II, children will on average be poorer than their parents. This is partly due to the difficulty young people face in securing graduate jobs.
  • This age of uncertainty, modernisation and immense globalisation poses an enormous opportunity. Among all the problems the current global landscape faces is the potential for thinkers to find solutions to counteract negative trends. It’s these innovators, entrepreneurs and curious talents that have a big job ahead of them: to shape a new kind of future.
  • Fear of failure can be paralysing to a growing entrepreneurial culture. Beyond simply creating value, we need to create a culture which facilitates creators and makers with visions for solving pressing challenges to transform those aspirations into tangible results. Whether it’s agriculture, B2B, biotech, social impact, education or technology, those with big ideas and the ambition to take action on them need a platform to stand on. In our ‘disrupt or be disrupted’ world, we need to change our mindsets to see failure as just success in progress, not an end-point.
  • We cannot afford to rely on people stumbling around in the dark by themselves solving problems that might not exist and can’t scale. 

The world needs a new breed of entrepreneur

  • While it takes an innate sense of drive and risk-appetite to start a business, you need a strong grip on fundamental business, finance and design thinking tools to grow a business. These are a teachable set of skills. We need to inject our high-potential talent — who have the qualities you can’t teach- with the skills you can teach.
  • Whatever opportunities you want to pursue, whatever your starting point, whether it’s for profit, purpose or social impact, there’s an entrepreneurial pursuit to be followed. It’s from ambitious ideas like these that a new breed of entrepreneur is born: people who are highly-skilled, highly-connected and equipped with the toolkits to turn ideas into transformational enterprises.
  • It’s not enough to just start, we need startups that thrive. The only road that leads to this future is one that joins thinkers and innovators with the education, tools and networks required to take their short-term ideas to long-term success. Universities and innovation incubators are out there, making strides towards taking the culture and attitudes of the startup community from fear of failure to scoping out the next big thing.
  • Ask any seasoned entrepreneur their tips and they’ll share their list of ‘things I wish I’d known before I started’. Instead of fumbling our way through alone, we need to fast track that knowledge and drive it straight into the hands of people with entrepreneurial grit.

Let’s make sure our home-grown entrepreneurs spend more time building the next big thing and creating opportunities, wealth and jobs for the next generation.

What makes a nation's pillars high
And its foundations strong?
What makes it mighty to defy
The foes that round it throng?

It is not gold. Its kingdoms grand
Go down in battle shock;
Its shafts are laid on sinking sand,
Not on abiding rock.

Is it the sword? Ask the red dust
Of empires passed away;
The blood has turned their stones to rust,
Their glory to decay.

And is it pride? Ah, that bright crown
Has seemed to nations sweet;
But God has struck its luster down
In ashes at his feet.

Not gold but only men can make
A people great and strong;
Men who for truth and honor's sake
Stand fast and suffer long.

Brave men who work while others sleep,
Who dare while others fly...
They build a nation's pillars deep
And lift them to the sky.

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