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Wanna know the business plan of Raju

Sources say he had outlined his business model long ago when he was at Harvard. One evening, out drinking with a friend, Raju allegedly scribbled the plan, after six pegs of Bourbon, on a table napkin. Since he then omitted to pay for the booze, the guy he was drinking with kept the napkin. “I now understand what Raju meant when he said he was riding a tiger,” said his friend smugly. “It’s a very difficult habit to get rid off. You start off in a small way by not paying for the booze and before you know it, you’ve swindled a billion dollars.”

Be that as it may, thanks to the friend we now have the original business plan hatched by Raju at Harvard. Here it is:

Step 1. Think of a very large profit number. Take a sheet of paper and write it down. Then add some numbers for your expenses and revenues. Call this your Profit and Loss Account. Next, put down random numbers as the cost of buildings and computers. Insert liabilities and capital. Label it a balance sheet. Name the company ‘Truth Ltd’.

Step2. Get a top auditor, but first make sure he’s blind, deaf and dumb. Pack your board with top independent directors, preferably sleepy ones. Arrange to get international prizes for corporate governance and entrepreneurship. List the company on the New York stock exchange. You are now in big business.

As you can see, this did demystify business challenges considerably.

- Courtesy By Manas Chakravarty, Consulting Editor, Mint Via  HindustanTimes