Author: Biz India

Book Review: Reinventing the Wheel: The Science of Creating Lifetime Customers

Author: Chris Zane, Founder and President of Zane’s Cycles Publisher: Ben Bella Books – 206 pages Book Review by:  Sonu Chandiram Chris Zane started in business as a pre-teenager, registering a business and getting a state ID at age 12. He bough his first bike shop at age 16, and built Zane’s Cycles into the biggest bike shop in Connecticut by age 30. Today, it is one of the largest bicycle stores in the United States. Zane was 46 when this book was published in 2011. In 1985, when he was 20 years old, he started receiving various awards. Among them was the Better Business Bureau Award of Recognition for Customer Service and Outstanding Business Practices. North American Bicyclist Magazine has named him “North America’s Best Bicycle Retailer” and Fast Company Magazine awarded him the 2006 Customer First Award. Zane’s Cycles also holds the distinction of being the largest dealer in the world of Trek Bicycle Company. When this book was published in 2011, Chris Zane wrote that the total sales of his chain of bike stores were over $15 million. But what is more remarkable is that the bike stores’ sales revenues have been growing briskly at 23.5 percent annually. What is really noteworthy is that Zane’s creative marketing techniques have been used as business case studies in more than a dozen college textbooks. They have also been...

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Asian-Indian Business in the U.S. Had Over $150 Billion in Receipts in 2007

In the “informal” U.S. Census of 2007 (a formal census is done every 10 years) Indian-Americans owned nearly a fifth, or 19.9 percent of Asian-owned firms. Asian-owned firms generated more than $507 billion or over half a trillion dollars of revenue in 2007, as the chart shows. Of that, Indian, Chinese and Korean-owned firms did the lion’s share of that business – almost $375 billion, or nearly three-quarters of total revenues. The receipts of these 308,514 firms owned by Indian-Americans came to $152.5 billion, amounting to 30 percent of the total for Asian-American businesses. Though Chinese-Americans owned more firms...

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New Turmoil in Europe

It’s happening — all over the U.S. and Europe! Just this past Friday, Washington’s jobless report was a shocker, driving Wall Street into a sudden tailspin. And just yesterday … * The government of French president Nicolas Sarkozy — a central pivot of the entire euro zone — was washed away in a rising torrent of voter revolt … * The government of Greece, scrambling to avoid default and climb out of deep depression, was slapped back down again by rebellious voters, while … * All over the euro zone, a whole new wave of mass street protests has...

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No Law to Prohibit Sex-Change Operation: Mumbai High Court Rules

NDTV Correspondent Mumbai, May 07, 2012 – The Bombay High Court today heard the plea of Bidhan Barua, a youngster from Guwahati who wants to undergo a sex change operation. In his plea, Bidhan seeks to restrain his parents, who are reportedly attempting to stop the surgery. The court today said, “He (Bidhan) is an adult and can take his own decision. There is no law which prohibits a sex-change operation.” “If there is any threat to the petitioner, he should write to Colaba PS and Police Commissioner,” the court added. Bidhan had threatened to kill himself after the...

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Internet users galvanize against Internet law in India’s SOPA moment

By Manan Kakkar – ZDNet | May 7, 2012 Summary: The new Internet laws added to the IT Act in 2011 (particularly to the Stop Online Piracy Act or SOPA) are now being challenged. India is a democratic country with freedom of speech as long as one doesn’t post something on the Internet. At least that’s what the current government wants to impose on the country. Back in 2011, ridiculous additions were made to the IT laws in India. The new law made it possible for anyone to get a website block if they felt that there was anything...

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