When your business is a small business, it pays to watch every rupee. From conveyance costs to the junk food you are eating off the company rolls a small business entrepreneur stands to gain by not spending. Every drop adds to the ocean and judicious spending or non-spending can make the difference. After all a rupee saved is a rupee earned…

Ego Spending- Letterheads, customized stationery and gilt edged visiting cards may make you feel like a big shot entrepreneur but it’s just your ego speaking. Cut the frills and curb the ego spending, when you make it big you can have all the frilly bits you want.

High end website- The expensive website with java flowing like hot morning Nescafe may make clients look but they won’t necessarily buy. It’s the white elephant of Small businesses so chuck that fancy website and go with something cheap but not cheap looking. Put your work out there and keep it simple.

Jade Magnet, Asia’s largest creative crowdsourcing marketplace has entered into collaborative agreements with two international organizations – Nautillus and HealthSprint.

Nautillus is an open innovation platform based out of Central Europe with a vision to create and share technological knowledge using digital means. As a part of the agreement, Jade Magnet and Nautillus will share the knowledge network and selected projects based on the core focus areas of the platforms. Importantly this will provide opportunities to access projects beyond geographies for providers on both the platforms thereby enabling knowledge enhancement and virtual collaboration.

Success is not well defined if you take the passion route. But a few people acquire larger-than-life image if they follow their passion without sense of what they are doing is of any business value. Badri Seshadri, whose claim to fame was through cricinfo.com, the comprehensive cricket platform to follow matches, view commentaries online, and statistics repository, is one of those rare entrepreneurs who did not let his academics and lack of business knowledge come in the way of building something out of passion. Badri was at IIT-M Research Park auditorium on June 18, 2010 to speak for the RTBI's Monthly Entrepreneur Meet, in which an entrepreneur speaks to an open audience on every third Friday of the month.

One question I have been repeatedly asked in all entrepreneurship events recently has been "How important is Financial Projection for a startup?". Like all

subjective questions, the answer can range from "highly important" to "not important at all". I have never seen any investor writing a cheque without looking