Category Archives: economy

Talks on the state of Nepal’s economy and ways to possibly improve it.

create wealth…stop finding out causes of poverty.

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Wealth is a something created. It is by nature dynamic, something to strive for. Poverty is an idle state. It is the state that people naturally stay put in. Don’t over-analyse it. Don’t spend too much resources find yet another root causes of it. It is a state in which people normally stay in.

Instead of “launching programs to find where poverty is coming from”, we should concentrate on creating wealth (enlarge the pie).

Instead of the multi lateral agencies and INGO’s giving “millions of dollars” to poor countries like Nepal find out root causes of poverty, put in a fund to help banks to make it much easier to give loans to small entrepreneurs and small businesses trying to scale up. Help Jump start organizations and businesses that generate wealth (social + economic ).

Concentrate on giving people opportunities to generate wealth by doing what the innovative countries did. Help incubate business, and support those young entrepreneurs who produce and supply services to generate more wealth here in Nepal.

(more wealth leads to more jobs with dignity + more opportunities to lead a dignified life).

So Lets teach each other how to create wealth. (And shun programs that calls for poverty alleviation or poverty research).

Is your immediate goal to earn good risk-free and a stable income? Join a non-profit sector in Nepal.

If your immediate goal is to earn good money risk-free, and a stable income in Nepal within a space of a few quick years, and you happen to be a well educated Nepali, I recommend you join the non-profit sectors (basically I include non profit donor funded Non Governmental Organizations, multi lateral agencies and the aid industry in Nepal, in this category).

Here are some of my opinionated observations. Take with a BIG pinch of salt! :)

Generally,

You will earn at least two times more money in the same period in an INGO as you would in most private business in similar positions in Kathmandu. (Safe bet: you will earn much more)
You will get to travel at least four times more. (on average)
You generally work much more hours per week in your business than the 5 day a week, 9 to 5 job in the international non-profits.
You will have more holidays and free time working for an INGO than in a private business.
You have more exposure to international circles and networks (which comes handy in any career moves or further education).
The pressures of working in an INGO may be much relaxing than in a private business. (Almost to the point of boring, some of my friends quip)
And your job security is much better than private firms.
On a regular basis for a few years, I have seen more NGO’s and INGO’s vacancy advertisements (and the largest sized ones too) in Nepal than any business has. I have hardly seen any of my friends in NGO sector find a problem finding another job in the NGO sector. Also my perception is that the NGO sector seem to have a smoother job transition than the private sectors.

On a side-note: for those entrepreneurs amongst you, how about catering your products and services to the deep pocket non profits -INGOs and multi lateral agencies. They are excellent customers with deeper pockets and more will to spend than many private firms, in Kathmandu!

What do you think ?


When you forcefully close a city: you lose, I lose, we all lose

So you force-close a city (Kathmandu) for a day:

  • you put brakes on 5 million people’s mind for a day
  • you make 5 million idle minds become a devil’s playground
  • you force a million youths to lose their morale and purpose (one level down at  a time).
  • you strangle any entrepreneur’s budding desires to start something here.
  • you make me question your moral superiority and …doubt mine (for bowing to you)
  • you make me not want to do anything for anyone.
  • you make us all dumber
  • you force 5 million people to be poorer.
  • you make it easier for us to leave this place and leave you all alone to rule the desert.

what a Lose- Lose situation.

Waste managment and more: an opportunity for social entrepreneurs.

As we grow up, we look for ways and patterns in which we can make a ‘deep emotional’ impact on our surroundings besides feeding our desire to be self sufficient. :)

In Kathmandu, i have lately been meeting young entrepreneurs who not only want to  make it big, but make a ‘positive social impact’ while doing so.And lots of opportunity is here during this transition period in Nepal, to rise out from the crowd of normal entrepreneurs. I see a big opportunity for entrepreneurs with social conscience’ to stand out and be recognized and preferred by clients, customers and be profitable socially and economically.

here are some small ideas where i see social entrepreneurs in Nepal can make a difference:

a) Angel investing in startups (for other young entrepreneurs who have  non existant collatorals, and who have ability to create jobs)

b) Waste into “recyclable energy” . You can be the darling of Kathmandites who are tired of seeing waste littered around day after day while earning from tons of organic waste that falls in the streets each day here. I hear 80% of waste in Kathmandu is organic (and can be thrown into a small garden to make compost).

c) Drinking Water problem: Tapping rain water to replinish households during the dry winter and early spring ( people will thank you while giving you profits from your actions)

d) Incorporate social responsible ethics into any business. here is an example. I just opened a website about responsible way to travel in Nepal site inside the travel nepal portal exoticbuddha.com . Check the tips out here.

e) add your social entrepreneurship ideas and opinions… below!!!

everyone is after the big fish

Most potential entrepreneurs /investor / business people seem to be after “the big fish” here in Nepal. (Of course big fishes are harder to catch, harder to find, and harder to track).

Why not go after a few small fishes that “has a chance to grow into a big fish”. Easier to manage, maybe even less risk ?

And when the pond gets drained away, its the small fish which usually escape, not the big ones.