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President's Message
" Towards eradicating the scourge of black money, everybody recommended the bitter pill of demonetization of larger currency notes of 1000 and 500 denominations, but nobody dared administer it during last 38 years! Thus the step taken by Prime Minister Modi is certainly bold. The ‘stockers’ of black money will be affected and while some of it may comeback through the banking system, bulk of the black money held in these notes will be thrown out of the system. But in the short term pains are obvious. Banking operations are strained beyond measure and commercial banking operations are hit as the staff may remain busy exchanging notes for several weeks. Small businesses work in an eco-system- not by choice, that thrives on cash economy. We feel doing business will become more challenging in the short and medium term. But, addressing issue of black money through demonetization is far from sufficient. The machinery that generates black money may remain intact unless it is followed by several steps. Rampant corruption at every level in government and opacity in political funding coupled with ill equipped judicial system is cocktail that may continue to poison Indian social, political and economic life. We wish that the journey that Prime Minister Modi has embarked upon attains success and the fight against corruption is taken to its logical end.
"
Ms. Rita Teaotia, Secretary, Ministry of Commerce was invited to address the Seminar on Brexit: Prospects of India-UK FTA. The Seminar was jointly organized by the Trade Competitiveness Section, Commonwealth Secretariat and the Centre for WTO Studies, IIFT in partnership with FICCI and FISME.
India is conscious as is rest of the world that Brexit has induced a degree of uncertainty in terms of legal braces for forward trade and investment linkages, said Rita Teaotia, Secretary, Ministry of Commerce.
During the Seminar, a paper titled “Brexit: Opportunities for India” was presented by Dr. Rashmi Banga, Head, Trade Competitiveness, Commonwealth Secretariat.
The apex body for MSME Associations in the country, FISME, submitted its proposal for consideration for Union Budget 2017-18.
Union Finance Minister Arun Jaitley will hold Pre-Budget Consultations on Union Budget 2017-18 with industry bodies on November 26, 2016.
The Federation of Micro and Small & Medium Enterprises (FISM) has also been invited by the Ministry for consultation.
In its proposal, FISME has urged the Finance Minister to tweak the import duties within the framework of multi-lateral and regional commitments to create a pull for “Make in India” and encourage manufacture of value added products.
In life, it’s a lot easier to just fly under the radar and keep your goals and achievements — and any failures to reach those goals — to yourself. Doing so helps you avoid a lot of embarrassment and judgment.
But when you start a business, you need to market it. You must put yourself out there in a very public way.
Something like 80-percent of businesses fail in the first year, so the odds are pretty stacked against you. And sadly, some people actually are hoping to see you fail — including some of your peers.
With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 per cent to $ 5.15 billion in September this year.
In September 2015, the FDI had stood at $ 2.9 billion, according to the data of the Department of Industrial Policy and Promotion (DIPP). During April-September period of this fiscal, FDI in the country grew by 30 per cent to $ 21.62 billion as compared to $ 16.63 billion in the same period last year.
The move to withdraw high-denomination notes is expected to dent immediate consumption, especially of high-end goods, but will have a positive impact on growth and inflation in the long run, economists and experts said.
Sectors with a sizeable magnitude of cash transactions such as real estate, construction, jewellery, high-end retail and travel and tourism are expected to get adversely affected.
White goods demand, a source of strength for the economy, is also expected to take a hit, along with that for passenger cars, which could prompt a reassessment of growth estimates for the year.
That midnight shopping spree for gold on Tuesday night and the hurried purchases of luxury goods such as Louis Vuitton bags and watches may not go past the tax radar undetected.
Taxmen are likely to seek details of buyers from sellers of such items in the few days since high-denomination notes were demonetised. “We would be keeping a close watch for any sudden surge in purchase payments,” a senior Central Board of Direct Taxes official said.
The government demonetised Rs 500 and Rs 1,000 notes on Tuesday night, triggering a rush to spend money
The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers about 482 million people who earn cash incomes — and disrupt India’s consumption patterns for at least the next quarter, according to an assessment released last week by Deloitte, an international consulting firm.
In contrast, sectors like e-commerce and payment banks, payment gateways are set to gain as transactions using cashless methods will increase over the coming months, the Deloitte report said, emphasising that “the long-term outlook remains positive”.
All ministries will now have to set up a dedicated task force in each department to track progress on ease of doing business as part of the government’s renewed efforts to improve India’s rank in the World Bank’s Global Doing Business Report, a measure that comes after the country moved up just one spot to 130 in the latest index. A four-pronged approach proposed by the Department of Industrial Policy and Promotion (DIPP) includes holding discussions with the stakeholders and the respondents in the World Bank study on ease of doing business, officials said.
Recognizing the “responsible” work done by the industry associations to promote energy efficiency & ZED model amongst MSMEs, Foundation for MSME Clusters (FMC) is hosting the 3rd Awards for “Responsible Indian BMOs” on 10th February, 2017 in the national capital.
The last date for submitting application forms for the award is November 22, 2016.
The award aims to recognize the responsible Indian business membership organisations (BMOs) for their contribution towards promoting best business practices amongst MSMEs and to encourage MSMEs support institution to support BMOs in promoting such activities.
India is conscious as is rest of the world that Brexit has induced a degree of uncertainty in terms of legal braces for forward trade and investment linkages, said Rita Teaotia, Secretary, Ministry of Commerce.
Teaotia was addressing a seminar on Brexit: Prospects of India – UK FTA organized in the national capital today. The Seminar was jointly organized by the Trade Competitiveness Section, Commonwealth Secretariat and the Centre for WTO Studies, IIFT in partnership with FICCI and FISME.
The Ministry of Skill Development and Entrepreneurship today announced launch of Pradhan Mantri Yuva Yojana to scale up an ecosystem of entrepreneurship for youngsters.
"The scheme spans over five years (2016-17 to 2020-21) with a project cost of Rs 499.94 crore and will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3,050 institutes," an official statement said.
"It will also include easy access to information and mentor network, credit, incubator and accelerator and advocacy to create a pathway for the youth."
To help cash-strapped citizens, Quikr and Nasscom have launched CashNoCash.com, the crowdsourced site that helps users across India find the nearest ATM, bank or post-office to get insights on cash availability and waiting time in queues for cash exchange or withdrawal.
It also offers users a chance to report this information back to the site thereby contributing to real-time updates at each mapped cash point.
"The scale of problem is humongous. The government and financial institutions are doing everything they can.
A move which is being hailed by the MSMEs in Digiana, Jammu, the J&K Government has decided to transfer the Digiana Industrial Estate to SICOP/SIDCO as per the Industrial Policy 2016.
Jatinder Aul, President of Small Scale Industries Association, Digiana, has hailed the decision taken by the State Industries Minister Chander Prakash stating the move will provide a great relief to the Micro and Small Scales Units who are suffering from last so many years due to poor maintenance and lack of infrastructure in the Estate.
In order to bring reforms at the state level for making North Indian states globally competitive in terms of ease of doing business, a Symposium titled “Making North Indian States Competitive: Path to Inclusive and Sustainable Growth” is being held in the city from November 17-19, 2016.
The Conference will be inaugurated by Vasundhara Raje, Chief Minister of Rajasthan and Richard Rahul Verma, United States Ambassador to India will also be present at the event.
The city based MSME associations have joined hands with the Government in the Integrity Pledge, an initiative towards making a Corruption Free Nation.
As per the Central Government’s initiative, Office of the Commissioner of Central Excise, Customs & Service Tax, Aurangabad has initiated this ‘Integrity Pledge’ taking programme with all associations in Aurangabad.
The programme was held on November 6 at the Chamber of Marathwada Industries And Agriculture(CMIA).
The Incubation Centre IIT Patna (IC IITP) has called prospective incubatees or start-ups in the area of electronics system design and manufacturing (ESDM) and medical electronics for enrolment to its two-year incubation programme.
The IC-IITP aims to identify, nurture and translate technology ideas and innovation in ESDM with a focus on medical electronics."
The incubation centre was inaugurated by PM Narendra Modi last year.
It provides support to startups for idea validation, product development, building and testing prototypes and early stage scaling of innovations.
India and Bhutan today signed the Agreement on Trade, Commerce and Transit that aims to enhance trade between the two countries through trade facilitation, cutting down documentation and adding additional exit/entry points for Bhutan's trade with other countries.
Commerce Minister Nirmala Sitharaman and the Minister for Economic Affairs, Royal Government of Bhutan, Tengye Lyonpo Lekey Dorji signed the Agreement, Commerce Ministry said.
"The new bilateral Trade Agreement aims to enhance trade between the two countries through trade facilitation by improving procedures, cutting down on documentation and adding additional exit/entry points for Bhutan's trade with other countries," it added.
The US today announced two financial projects worth USD 95 million in India to bring more energy-efficient appliances to rural sector, as part of its efforts to continue the global transition to zero-and-low carbon energy sources.
The US has committed USD 70 million in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in India; and announced to launch a USD 20 million partnership this week with the philanthropic sector to bring more efficient appliances to rural Indian villages.
Prime Minister Narendra Modi and Prime Minister of UK Theresa May will jointly inaugurate the India-UK Tech Summit on November 7 which would focus on Advanced Manufacturing & Robotics; Life Sciences & Healthcare and Smart Cities.
The Summit will be held at Hotel Taj Palace in the national capital.
It will highlight the visions of both the Prime Ministers to create a new era of bilateral economic relationship between the two countries.
SIDBI-FISME national campaign on GST: Roundtables, Webinars and Guide for MSMEs 3rd in the series GST: Identifying implications & facilitating adoption by MSMEs
24th - 25th November, West Bengal
Do you think announcement of a minimal 28 percent ‘Sin Tax’ on Tobacco would encourage its consumption ?
According to the FISME Factor, 75 percent of Micro, Small and Medium Enterprises think that just a minimal 28 percent tax on tobacco would definitely encourage its consumption while only 25 percent think otherwise.
One of the hottest startups in Indonesia, Go-Jek transformed itself from a small call centre to being one of the largest players in ride sharing, food, grocery and medical delivery in the country. Backed by Sequoia Capital and Yuri Milner's DST Global, Go-Jek is the first unicorn in Indonesia. The Indonesian startup, which was founded in 2010, has acquired 3 startups in India since the beginning of 2015.
It was a traditional non-bank finance company for over a quarter century after it was started, but its business model underwent a complete change and it has transformed itself into a lender to small businesses.
D Lakshmipathy, who joined Five Star Business Finance in 2002 as Executive Director, was responsible for this change. As Chairman and Managing Director now, he has raised two rounds of external funding, brought in professionals to run the day-to-day operations and strengthened the board with experts in different fields. Five Star Business Finance has also got into housing finance.
Here's why brands cannot exist without print and television media
The importance of print and television media spans not only the e-commerce category but a host of others as well – FMCG, telecom, mobile handsets, auto, finance, education to name a few. The undisputed reach of both these medium and the specific strength they lend a campaign is enormous.
Rs 500, Rs 1000 notes ban bites, Azadpur Mandi traders feel the pain
The demonetisation of Rs 500 and Rs 1,000 notes has led to a drop in the arrival of fruits and vegetables (F&Vs) in wholesale markets such as the Azadpur Mandi in Delhi. It has also adversely impacted as many as 30,000 small F&V traders in Azadpur market and its four sub-mandis alone. But the sowing of rabi crop hasn’t been affected much, yet.
Inviting truckers for dinner was big startup idea of Rivigo's Deepak Garg
It was a road trip across Rajasthan that brought alive the travails of truck drivers to Deepak Garg.
The McKinsey consultant had just packed up an eight-year career to start up on his own, and driving 1,200 kilometres from Delhi to VapiBSE 4.89 % was an eye-opener. More so, when he broke the journey to meet with the families of truckers in Bhilwara. The story he uncovered was very different from what he could have ever found out at a consulting job.
Time Magazine's list of influential teens include stars from Disney, Obama's daughters
Time Magazine's list of 30 most influential teens this year includes everyone from Disney Channel stars and pint-sized chefs to aspiring scientists and US President Obama's daughters. But in the era of startup success, can any list exist without entrepreneurs on it? Three of the 30 teens featured have set up companies that have made them millionaires even before they got their driving licences.
The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, has released the Consumer Price Index numbers on base 2012=100 for rural, urban and combined for the month of June 2016
FISME regularly receives monthly reports on the economies of various countries from their missions in India. These reports provide information on key economic parameters, trade related information and all news relevant for importers and exporters. In this edition you can take a look at reports on:
Write your comments on the FISME Factor. Share your views and suggestions on MSME issues. Win prize! The best mail will get a special book every fortnight.
send mail to: newsletter@fisme.org.in
You are receiving this Newsletter because you are included in our mailing list of recipients who are involved or interested in FISME or Indian MSMEs. You are welcome to partly or fully reproduce and disseminate the contents of this publication provided that you acknowledge the source.
This Newsletter is edited by the FISME Secretariat. We welcome contributions as well as comments and suggestions. Please write to newsletter@fisme.org.in
" Towards eradicating the scourge of black money, everybody recommended the bitter pill of demonetization of larger currency notes of 1000 and 500 denominations, but nobody dared administer it during last 38 years! Thus the step taken by Prime Minister Modi is certainly bold. The ‘stockers’ of black money will be affected and while some of it may comeback through the banking system, bulk of the black money held in these notes will be thrown out of the system. But in the short term pains are obvious. Banking operations are strained beyond measure and commercial banking operations are hit as the staff may remain busy exchanging notes for several weeks. Small businesses work in an eco-system- not by choice, that thrives on cash economy. We feel doing business will become more challenging in the short and medium term. But, addressing issue of black money through demonetization is far from sufficient. The machinery that generates black money may remain intact unless it is followed by several steps. Rampant corruption at every level in government and opacity in political funding coupled with ill equipped judicial system is cocktail that may continue to poison Indian social, political and economic life. We wish that the journey that Prime Minister Modi has embarked upon attains success and the fight against corruption is taken to its logical end.
"
Ms. Rita Teaotia, Secretary, Ministry of Commerce was invited to address the Seminar on Brexit: Prospects of India-UK FTA. The Seminar was jointly organized by the Trade Competitiveness Section, Commonwealth Secretariat and the Centre for WTO Studies, IIFT in partnership with FICCI and FISME.
India is conscious as is rest of the world that Brexit has induced a degree of uncertainty in terms of legal braces for forward trade and investment linkages, said Rita Teaotia, Secretary, Ministry of Commerce.
During the Seminar, a paper titled “Brexit: Opportunities for India” was presented by Dr. Rashmi Banga, Head, Trade Competitiveness, Commonwealth Secretariat.
The apex body for MSME Associations in the country, FISME, submitted its proposal for consideration for Union Budget 2017-18.
Union Finance Minister Arun Jaitley will hold Pre-Budget Consultations on Union Budget 2017-18 with industry bodies on November 26, 2016.
The Federation of Micro and Small & Medium Enterprises (FISM) has also been invited by the Ministry for consultation.
In its proposal, FISME has urged the Finance Minister to tweak the import duties within the framework of multi-lateral and regional commitments to create a pull for “Make in India” and encourage manufacture of value added products.
In life, it’s a lot easier to just fly under the radar and keep your goals and achievements — and any failures to reach those goals — to yourself. Doing so helps you avoid a lot of embarrassment and judgment.
But when you start a business, you need to market it. You must put yourself out there in a very public way.
Something like 80-percent of businesses fail in the first year, so the odds are pretty stacked against you. And sadly, some people actually are hoping to see you fail — including some of your peers.
With the government relaxing FDI policy and taking steps to improve ease of doing business, the Foreign Direct Investment in the country increased by 77.5 per cent to $ 5.15 billion in September this year.
In September 2015, the FDI had stood at $ 2.9 billion, according to the data of the Department of Industrial Policy and Promotion (DIPP). During April-September period of this fiscal, FDI in the country grew by 30 per cent to $ 21.62 billion as compared to $ 16.63 billion in the same period last year.
The move to withdraw high-denomination notes is expected to dent immediate consumption, especially of high-end goods, but will have a positive impact on growth and inflation in the long run, economists and experts said.
Sectors with a sizeable magnitude of cash transactions such as real estate, construction, jewellery, high-end retail and travel and tourism are expected to get adversely affected.
White goods demand, a source of strength for the economy, is also expected to take a hit, along with that for passenger cars, which could prompt a reassessment of growth estimates for the year.
That midnight shopping spree for gold on Tuesday night and the hurried purchases of luxury goods such as Louis Vuitton bags and watches may not go past the tax radar undetected.
Taxmen are likely to seek details of buyers from sellers of such items in the few days since high-denomination notes were demonetised. “We would be keeping a close watch for any sudden surge in purchase payments,” a senior Central Board of Direct Taxes official said.
The government demonetised Rs 500 and Rs 1,000 notes on Tuesday night, triggering a rush to spend money
The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers about 482 million people who earn cash incomes — and disrupt India’s consumption patterns for at least the next quarter, according to an assessment released last week by Deloitte, an international consulting firm.
In contrast, sectors like e-commerce and payment banks, payment gateways are set to gain as transactions using cashless methods will increase over the coming months, the Deloitte report said, emphasising that “the long-term outlook remains positive”.
All ministries will now have to set up a dedicated task force in each department to track progress on ease of doing business as part of the government’s renewed efforts to improve India’s rank in the World Bank’s Global Doing Business Report, a measure that comes after the country moved up just one spot to 130 in the latest index. A four-pronged approach proposed by the Department of Industrial Policy and Promotion (DIPP) includes holding discussions with the stakeholders and the respondents in the World Bank study on ease of doing business, officials said.
Recognizing the “responsible” work done by the industry associations to promote energy efficiency & ZED model amongst MSMEs, Foundation for MSME Clusters (FMC) is hosting the 3rd Awards for “Responsible Indian BMOs” on 10th February, 2017 in the national capital.
The last date for submitting application forms for the award is November 22, 2016.
The award aims to recognize the responsible Indian business membership organisations (BMOs) for their contribution towards promoting best business practices amongst MSMEs and to encourage MSMEs support institution to support BMOs in promoting such activities.
India is conscious as is rest of the world that Brexit has induced a degree of uncertainty in terms of legal braces for forward trade and investment linkages, said Rita Teaotia, Secretary, Ministry of Commerce.
Teaotia was addressing a seminar on Brexit: Prospects of India – UK FTA organized in the national capital today. The Seminar was jointly organized by the Trade Competitiveness Section, Commonwealth Secretariat and the Centre for WTO Studies, IIFT in partnership with FICCI and FISME.
The Ministry of Skill Development and Entrepreneurship today announced launch of Pradhan Mantri Yuva Yojana to scale up an ecosystem of entrepreneurship for youngsters.
"The scheme spans over five years (2016-17 to 2020-21) with a project cost of Rs 499.94 crore and will provide entrepreneurship education and training to over 7 lakh students in 5 years through 3,050 institutes," an official statement said.
"It will also include easy access to information and mentor network, credit, incubator and accelerator and advocacy to create a pathway for the youth."
To help cash-strapped citizens, Quikr and Nasscom have launched CashNoCash.com, the crowdsourced site that helps users across India find the nearest ATM, bank or post-office to get insights on cash availability and waiting time in queues for cash exchange or withdrawal.
It also offers users a chance to report this information back to the site thereby contributing to real-time updates at each mapped cash point.
"The scale of problem is humongous. The government and financial institutions are doing everything they can.
A move which is being hailed by the MSMEs in Digiana, Jammu, the J&K Government has decided to transfer the Digiana Industrial Estate to SICOP/SIDCO as per the Industrial Policy 2016.
Jatinder Aul, President of Small Scale Industries Association, Digiana, has hailed the decision taken by the State Industries Minister Chander Prakash stating the move will provide a great relief to the Micro and Small Scales Units who are suffering from last so many years due to poor maintenance and lack of infrastructure in the Estate.
In order to bring reforms at the state level for making North Indian states globally competitive in terms of ease of doing business, a Symposium titled “Making North Indian States Competitive: Path to Inclusive and Sustainable Growth” is being held in the city from November 17-19, 2016.
The Conference will be inaugurated by Vasundhara Raje, Chief Minister of Rajasthan and Richard Rahul Verma, United States Ambassador to India will also be present at the event.
The city based MSME associations have joined hands with the Government in the Integrity Pledge, an initiative towards making a Corruption Free Nation.
As per the Central Government’s initiative, Office of the Commissioner of Central Excise, Customs & Service Tax, Aurangabad has initiated this ‘Integrity Pledge’ taking programme with all associations in Aurangabad.
The programme was held on November 6 at the Chamber of Marathwada Industries And Agriculture(CMIA).
The Incubation Centre IIT Patna (IC IITP) has called prospective incubatees or start-ups in the area of electronics system design and manufacturing (ESDM) and medical electronics for enrolment to its two-year incubation programme.
The IC-IITP aims to identify, nurture and translate technology ideas and innovation in ESDM with a focus on medical electronics."
The incubation centre was inaugurated by PM Narendra Modi last year.
It provides support to startups for idea validation, product development, building and testing prototypes and early stage scaling of innovations.
India and Bhutan today signed the Agreement on Trade, Commerce and Transit that aims to enhance trade between the two countries through trade facilitation, cutting down documentation and adding additional exit/entry points for Bhutan's trade with other countries.
Commerce Minister Nirmala Sitharaman and the Minister for Economic Affairs, Royal Government of Bhutan, Tengye Lyonpo Lekey Dorji signed the Agreement, Commerce Ministry said.
"The new bilateral Trade Agreement aims to enhance trade between the two countries through trade facilitation by improving procedures, cutting down on documentation and adding additional exit/entry points for Bhutan's trade with other countries," it added.
The US today announced two financial projects worth USD 95 million in India to bring more energy-efficient appliances to rural sector, as part of its efforts to continue the global transition to zero-and-low carbon energy sources.
The US has committed USD 70 million in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in India; and announced to launch a USD 20 million partnership this week with the philanthropic sector to bring more efficient appliances to rural Indian villages.
Prime Minister Narendra Modi and Prime Minister of UK Theresa May will jointly inaugurate the India-UK Tech Summit on November 7 which would focus on Advanced Manufacturing & Robotics; Life Sciences & Healthcare and Smart Cities.
The Summit will be held at Hotel Taj Palace in the national capital.
It will highlight the visions of both the Prime Ministers to create a new era of bilateral economic relationship between the two countries.
According to the FISME Factor, 75 percent of Micro, Small and Medium Enterprises think that just a minimal 28 percent tax on tobacco would definitely encourage its consumption while only 25 percent think otherwise.
One of the hottest startups in Indonesia, Go-Jek transformed itself from a small call centre to being one of the largest players in ride sharing, food, grocery and medical delivery in the country. Backed by Sequoia Capital and Yuri Milner's DST Global, Go-Jek is the first unicorn in Indonesia. The Indonesian startup, which was founded in 2010, has acquired 3 startups in India since the beginning of 2015.
It was a traditional non-bank finance company for over a quarter century after it was started, but its business model underwent a complete change and it has transformed itself into a lender to small businesses.
D Lakshmipathy, who joined Five Star Business Finance in 2002 as Executive Director, was responsible for this change. As Chairman and Managing Director now, he has raised two rounds of external funding, brought in professionals to run the day-to-day operations and strengthened the board with experts in different fields. Five Star Business Finance has also got into housing finance.
The importance of print and television media spans not only the e-commerce category but a host of others as well – FMCG, telecom, mobile handsets, auto, finance, education to name a few. The undisputed reach of both these medium and the specific strength they lend a campaign is enormous.
The demonetisation of Rs 500 and Rs 1,000 notes has led to a drop in the arrival of fruits and vegetables (F&Vs) in wholesale markets such as the Azadpur Mandi in Delhi. It has also adversely impacted as many as 30,000 small F&V traders in Azadpur market and its four sub-mandis alone. But the sowing of rabi crop hasn’t been affected much, yet.
It was a road trip across Rajasthan that brought alive the travails of truck drivers to Deepak Garg.
The McKinsey consultant had just packed up an eight-year career to start up on his own, and driving 1,200 kilometres from Delhi to VapiBSE 4.89 % was an eye-opener. More so, when he broke the journey to meet with the families of truckers in Bhilwara. The story he uncovered was very different from what he could have ever found out at a consulting job.
Time Magazine's list of 30 most influential teens this year includes everyone from Disney Channel stars and pint-sized chefs to aspiring scientists and US President Obama's daughters. But in the era of startup success, can any list exist without entrepreneurs on it? Three of the 30 teens featured have set up companies that have made them millionaires even before they got their driving licences.
“ No matter how brilliant your mind or strategy, if you’re playing a solo game, you’ll always lose out to a team. ”
