The last money that was to come in this financial year has been confirmed as deposited. So how was the year?
To put it in a line – we survived the dotcom bust and did not earn a single Rupee this year.
Swati has been smart enough to see that all the formalities needed to make all our $$ as tax free as possible are complete! The situation this year is definitely better, last year this time Swati had exactly 18 days worth of reserves left to run our company, today by grace of god we have a reserve of 6 months. And this despite earning about 30% less than what we had done in the boom time.
Was it the grace of god alone? definitely no!
It was tremendous amount of hard work by us and by our entire team – there is work to be found on the net, the down in the dumps days are over BUT now we are competing against the Chinese and Russian programmers who are good and willing to work for almost nothing. Where they fall short is their knowledge of English, which thanks to our British legacy in not a problem for us.
Another good thing that happened this year was that our earnings were evenly spread across clients unlike previous year where 80% came from just 2 of the clients.
And finally after 2 years of trial and error Swati managed to master the art of “Cash Flow Management”
So what happens next year – saying this hopefully – most of our clients are now planning projects with bigger budgets, and thanks to excellent PR by Swati I am confident that we will be the developers chosen, in fact most of them are planning things based on their experience with our expertise.
Now I can hazard that our business seems to be maturing…
The priority next year would be buying the Office property and remodeling the Office + House , and may be at the end there will be enough for me to get a Notebook –
As a bottom line I can add that there is no magic mantra for success in this dotcom world – you just have to keep moving with the cheese