Overnight success, hidden mistakes

http://www.fastcompany.com/1826976/the-dirty-little-secret-of-overnight-successes

While this is mostly true, just keep in mind that you can't fail for the sake of failing. Read on...

The Dirty Little Secret Of Overnight Successes

*Angry Birds*, the incredibly popular game, was software maker Rovio’s 52nd
attempt. They spent eight years and nearly went bankrupt before finally creating their massive hit.

Pinterest is one of the fastest-growing websites<http://www.fastcompany.com/1816603/why-pinterest-is-so-addictive>
in history, but struggled for a long time. Pinterest’s CEO recently said that it had “catastrophically small numbers” in its first year after launch and that if he had listened to popular startup advice he probably would have quit.

James Dyson failed in 5,126
prototypes<http://www.fastcompany.com/magazine/115/open_next-design.html>
before perfecting his revolutionary vacuum cleaner. Groupon was put on life
support and nearly shut down at one point in its meteoric rise.

When looking at the most successful people and organizations, we often
imagine geniuses with a smooth journey straight to the promised land. But when you really examine nearly every success story, they are filled with crushing defeats, near-death experiences, and countless setbacks.

We often celebrate companies and individuals once they've achieved undeniable success, but shun their disruptive thinking before reaching such
a pinnacle. Before Oprah was Oprah, before Jobs was Jobs, they were labeled as misguided dreamers rather than future captains of industry.

In your life, you've probably had a setback or two. When you stumble, it's tempting the throw in the towel and accept defeat. There's always an attractive excuse waiting eagerly, hoping you'll take the easy way out. But the most successful people forge ahead. They realize that mistakes are simply data, providing new information to adjust your approach going
forward.

The ubiquitous WD-40 lubricant got its name because the first 39 experiments failed. WD-40 literally stands for “Water Displacement--40th Attempt.” If they gave up early on like most of us do, we'd sure have a lot more squeaky hinges in the world.

You have a mission to accomplish and an enormous impact to make. You will
inevitably endure some "failures" along your journey, but you must realize that persistence and determination have always been primary ingredients in accomplishment.

Don't cave to your mistakes, embrace them. In fact, mistakes are simply to the portals of discovery. There's an old saying that "every bull’s-eye is
the result of a hundred misses." So the next time you feel the sting of failure, just realize you're likely one shot closer to hitting your target.

And who knows? Maybe after a few dozen failures and months or years of hard work, you might just be that next "overnight" success.

All About Inflation

Inflation is measure of rise in general price level of goods and services.It is measured by taking a set (consumer price Index) of goods and services and then the price of the items in the set are compared to prices one time period ago.

In India, Inflation is measured based upon wholesale price index (WPI) which measures the change in price of selection of goods at wholesale price. Inflation is of 2 types :

• Inflation due to cost price.

This is due to rise in costs of input material or labour.

• Demand pull Inflation.

This is due to increase in demand beyond installed capacity.

Govt in consultation with RBI,decides the infation threshold in the country. Inflation target is one of the key parameters that go into determining fiscal and monetary policies.

INFLATION IN EYES OF 5 PEOPLE :

• House Broker: He understand only the fact that prices are increasing. So good for him by renting home at higher rate.
• Politician: Good for him also. After all he he is having social cause to make noise on and attract attention. This is his golden chance to establish himself and his party.
• RBI:Most difficult period for pe0ple of RBI. They have to control inflation.They will start making changes to monetary policy. Tighten the credit.Any change in monetary policy will take approx. 4-6 months to show its effects.
• Ruling Party: This is worst thing that can happen to them. Not because they are worried about it's effect on the common man but they are worried because the opposition party or the politicians will make this the biggest weapon to use against them for coming elections.
• Common Man:Worst for him because the price of every product starts increasing BUT the common man need to wait for the tiny appraisal of 10% till the end of year. He has no other option then to CRY within and wait for the market to get stable.