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Amit

Amit Grover  |36 Answers  |Ask -

Answered on Feb 08, 2012

suresh2424 Question by suresh2424 on Feb 08, 2012Hindi
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Career

Sir Apart from Hardwork, dedication, etc etc how to boost any business in general

Ans: Passion and energy - my 2 words for success. You can learn from Sachin Tendulkar and Vinod Kambli what matters most.
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Ramalingam

Ramalingam Kalirajan  |8482 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 26, 2024

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Sir, My son is Architect by profession, having own firm since 10 years. His turnover is 80 l last year. His monthly recurring expenses are 2 l per month, which includes car loan, odd loan, salaries, disel charges, food expenses and mis. expenses.Gross income is 3 l per month. Please suggest him how to increase his business to 50 cr. In 2025, investment planning he is 33 year old. Unmarried.
Ans: Your son’s goal to grow his architecture business to Rs 50 crores is achievable with focused business strategies and prudent personal investment planning. Below is a detailed approach to both aspects, with more emphasis on his personal financial roadmap.

Business Planning: Key Pointers for Scaling
Optimise Existing Resources
Review and control recurring business expenses to enhance cash flow.
Focus on profitable clients and projects that offer higher margins.
Upskill existing employees with relevant training to improve productivity.
Expand Client Reach
Target large corporates and government projects for higher-value contracts.
Invest in marketing through digital platforms and industry events to showcase expertise.
Adopt New Technologies
Use advanced architectural software like BIM for efficient project management.
Explore automation tools to streamline operational tasks.
Collaborate for Growth
Form alliances with real estate developers for consistent project flow.
Explore international opportunities by partnering with global firms.
Short-Term Targets
Set realistic growth milestones for the next 6–12 months, such as increasing turnover by 25%.
Ensure smooth cash flow management and avoid over-leveraging.
Detailed Personal Investment Plan
Your son’s current income and expenses provide an opportunity to secure long-term financial growth.

1. Building an Emergency Fund
Maintain six months of expenses (approximately Rs 12 lakhs) as a buffer.
Park this amount in liquid funds or high-yield savings accounts.
This will ensure financial stability during uncertain periods.
2. Investment Allocation for Wealth Creation
To reach ambitious financial goals, disciplined investment planning is essential.

Equity Mutual Funds:

Start systematic investment plans (SIPs) in diversified and sectoral funds.
Choose funds managed by experienced fund managers for consistent performance.
Increase SIP contributions annually as income grows.
Debt Instruments:

Invest a portion in short-term and medium-term debt funds.
This adds stability to the portfolio and balances equity risks.
Gold Investments:

Allocate 5–10% of the portfolio to gold ETFs or sovereign gold bonds.
Gold provides a hedge against market volatility.
3. Retirement Planning
Begin retirement savings immediately to leverage the power of compounding.
Invest in NPS or PPF for secure, long-term growth and tax benefits.
Regularly review and adjust contributions based on lifestyle changes.
4. Tax-Efficient Investments
Maximise tax savings under Section 80C using ELSS or NPS.
For health insurance, use Section 80D benefits for self and parents.
Be aware of new capital gains tax rules for equity and debt mutual funds.
5. Asset Diversification
Avoid overexposure to one asset class, such as direct stocks.
Focus on actively managed funds over index funds for higher returns.
Engage a certified mutual fund distributor (MFD) with CFP credentials to manage investments effectively.
6. Avoid Common Pitfalls
Avoid direct equity investments unless experienced in stock market analysis.
Do not mix insurance with investments; opt for term insurance for life cover.
Regularly review the portfolio and rebalance when needed.
Action Plan for Rs 50 Crore Goal
Investment Requirements
To achieve Rs 50 crore turnover, reinvest at least 10–15% of profits into business growth.
Allocate funds for marketing, technology, and skilled manpower.
Personal Financial Stability
Keep personal and business finances separate to avoid unnecessary stress.
Regularly monitor both business performance and personal investments.
Final Insights
A disciplined and systematic approach to investments will ensure financial security. At the same time, focusing on core business strengths and adopting innovative practices will drive growth. With consistency and planning, your son can secure both his professional and personal goals.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

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Nayagam P

Nayagam P P  |4699 Answers  |Ask -

Career Counsellor - Answered on May 21, 2025

Career
Sir, I have got 87% marks in mains. Please tell me a college where I can get a branch.
Ans: Aditi, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main/Advanced Results – A Step-by-Step Guide

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Also, please have some other back-up options instead of relying only on JEE/JoSAA/NITs/IIITs/GFTIs.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admissions and a bright future!

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