Thursday, June 25, 2009

Knock!Knock! - It's TieCon 2009

Detroit chapter of TiE is planning the second TiECon (TiE Conference) on Oct. 23 and 24 at the Ritz Carlton Dearborn. ‘The Indus Entrepreneurs (Tie)’ wants to be recognized as ‘Talent, Innovation, Entrepreneurship.’ TiE, the world's largest organization of entrepreneurs with 53 chapters in 12 countries, wants to play an active role in stimulating Michigan’s economy.
With that in mind, TiECon 2009 will feature selection of the 50 hottest startup companies in the classifications of software, wireless, clean tech, life sciences and media. There will also be a startup boot camp, a business plan competition and a women entrepreneurs forum. Session tracks will include Clean Tech, Health Care, IT and Emerging Markets.

TiECon expects to attract 1,000 participants and attendees as compared to 500 in the past year.
What Can TiE members do to make TiECon meet its goal? Here are some suggestions:

1. Spread the word
2. Contact media (Radio, TV, Newspaper, e-magazines) to publicize and cover the event
3. Contact effective business speakers to speak in TieCon sessions
4. Approach businesses and individuals to sponsor the event and/or buy display tables
5. Bring friends to TiECon

Feel free to use other means (other than mentioned above) to make TieCon a success. Please use your imagination and do not leave any stone unturned. That is what the entrepreneurial spirit is all about.

Saturday, June 20, 2009

Inspired by Automobile

Life is never a smooth ride nor should you ever expect it to be that way. We will always meet obstacles, bumps, jars and jerks along the way but we should try to steer through them without a shock. No one has a bumper to bumper protection. Although it may seem that someone is in the driver’s seat, remember someone else is providing the needed traction. We are only passengers, a musafir ( a traveler in Urdu/Hindi).

I think that like me, everyone else has been helped by the rest of us along the way. “I can do it by myself, I have made myself, I did it my way,” are just tooting one’s horn. Many a time we tend to run on fumes along the lonely road of life. That is the signal that our attitude is due for a tune up. We need to make an immediate u-turn and rush to the repair shop.

If we are honest, and humble, we will acknowledge that there have been others in our lives who have helped us keep rolling – be it our parents who maneuvered us out of difficulties despite their own rough patches, be it a friend who gave us a push when we could not get out of the first – there are people who may have courteously yielded so that we could compete in the fast lane. We need to give them thumbs up!

Shifting gears, let’s not forget our mentors; someone who may have advised us to turn up our high beam and, at the same time, pay attention to the interior. Whenever we veered a bit, they advised us to look in our rear-view-mirror so that we could rev up our engine and accelerate.
I don’t know about you, but I have stalled with my obsession about people who envied me whenever I cruised along smoothly on the highway of my career and life in ‘General.’ Their muffled praise, jealous exudes of toxic fumes, subliminal expressions and suddenly changing of the lane made me feel that I was riding on flat tires.

The need for speed is enormous. You have got to stay in the race. The only way to do that is to aim for the pole position ignoring the crashed cars and the ones trying to sputter along on an empty tank. Instead of paying attention to the bystanders who want you to shift in neutral, get inspired by those who always show you the checkered flag, those who want to see you in the winner’s circle, and those who buff your exterior from showing the signs of rust.

Vroom vroom! Chitti chitti bang bang! After burning enough rubber and kicking heaps of tires, you will feel ‘life has been one sweet ride.’ Keep rolling along. You will be an auto-matic hit. Thank everyone who saved you from being a road-kill on the road to success!

Tuesday, June 16, 2009

Surviving Today's Automotive Industry: Challenges and Opportunities

In a period of unparalleled economic turbulence, it is the Auto industry that has been hard-hit and most severely impacted. The sector has been facing severe economic crisis over the last year with much of the sector struggling to avoid liquidation following the bankruptcies of Chrysler and GM.

The Detroit chapter of TiE, The Indus Entrepreneurs, is holding a panel discussion titled “Surviving Today's Automotive Industry: Challenges and Opportunities”, Tuesday, June 23rd at Engineering Society of Detroit (ESD) in Southfield, Michigan.

Michigan has a strong base of knowledge and infrastructure in manufacturing and has suffered because of the decline in the auto industry, particularly GM. The region's future success is directly related to its ability to transform automotive supplier firms and survive the transformation under the challenging conditions.

To get a closer look at the challenges faced by this industry and to learn about surviving this storm, swing by for the interesting discussion which is free and open to the public. The plenary speakers include Steven Hilfinger -Partner (Co-Chair Automotive Industry Team) - Foley & Lardner, LLP , Arvind Pradhan -CEO and President - Camaco, LLC and Rajesh Kothari -Managing Director - Seneca Partners. The discussion will be moderated by Daljit Doogal, Partner (Chair of Business Law Department Detroit Office) - Foley & Lardner, LLP

The event is expected to provide insight into issues shaping the automotive industry, as well as strategies on how to survive and remain competitive during the crisis. Check out
www.detroit.tie.org for more details.