Short term gain, Long term loss!

article-0-0F7E408B00000578-835_634x356Short term gain, Long term loss! I would like to share an incident which made me write an article on this topic. I am currently based in Bangalore and my family is in Ahmedabad. I work with an Investment bank as an analyst and current CTC is a bit less. Actually industry pay over here is a bit less. One fine day I got a call from a US financial institution based out of Ahmedabad. I went through the process and fortunately or unfortunately cleared the interview. They were ready to pay me according to my expectations and then I got caught in dilemma. On one hand I can get settled in my home town with my parents with a good pay. And on other hand I had my growing career in the current company. I adopted the culture of my Company and doing well in my work. It was always a tough decision for me and here comes a classic example of Short term gain, Long term loss! It was a matter of decision and obviously you should know what would be my decision. It was long term gain.

The reason I opted to stay back in my company is I was doing good in my current role and earned bit goodwill over here by working well. If I can continue my good performance over here I can get good increment and promotion as well. Currently I would have only got benefit of a lakh or so but if I wait in my current role I will reap the benefits of lakhs in future. Brand name is also equally important and can reap us good benefit in future.

Purpose of sharing my experience at this platform is not to boost myself but to provide emphasis on decision making. It is very important for a person to make right decision at right time. We should never make decision hastily as it can have adverse impact on our future. It is wise to take decision taking into consideration our present scenario and future prospect. At times you can also get trapped in this type of tricky situations, most important thing is to think about short term and long term prospect as well.

“Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.”

Short term loss, Long term gain:-

This probably is a better situation in which anyone would want to be! The only reason for me saying this is, it is fine if we struggle a bit in initial stage but we would always want ourselves to be in better situation at the end. No one likes to end the path in negative note everyone would always want to end the path at good note. The struggle in initial stages also teaches us few important lesson and we can implement the same in future course of career. There are many people who have opted for short term loss and long term gain. We can take the examples of those who rejected a good high profile jobs with healthy pay check to start their own venture. They also have ended up being successful.

 “Develop success from failures. Discouragement and failure are two of the surest stepping stones to success.”

Few examples who have opted for short term loss and long term gain:-

 Chetan Bhagat-He is an Indian author, columnist, screenwriter, television personality and motivational speaker, known for his English-language dramedy novels about young urban middle-class Indians. He worked in Goldman Sachs in Hong Kong as an Investment Banker for nearly a decade, and wrote Five Point Someone while still in Hong Kong, before moving to Mumbai to focus full-time on his writing career.

He sacrificed his job and started writing novels. Today he is known public figure and is loved for his writing by most of the youth in India. There was a choice for him to continue the job and be there but he opted to leave that and followed his passion. He decided to select the path which is beneficial for him in long term and sacrificed short term gain. Today he is enjoying stardom and price which he deserves. He has earned his living a long back and now only work for passion.

“Better to die doing what you love. Than to live doing nothing at all.”

Sachin Bansal – Bansal graduated from IIT in 2005 and joined a company called Techspan for a few months. In 2006, he joined Amazon.com India as Senior Software Engineer. Binny Bansal also worked at Amazon India at this point.They initially thought of starting a comparison search engine, but realized that the market for E-commerce in India was very small. Hence, after leaving Amazon in 2007, they founded Flipkart as an e-commerce company.

Flipkart went live in 2007 with the objective of making books easily available to anyone who had internet access. Today, they are present across various categories including movies, music, games, mobiles, cameras, computers, healthcare and personal products, home appliances and electronics – and still counting! With over 11.5 million book titles, 11 different categories, more than 2 million registered users and sale of 30000 items a day, we can say with utmost confidence that we are one of the leading e-commerce players in the country.

Sachin Bansal took risk and started a company which is now well known and giving competition to U.S. giant Amazon. It is very big achievement for the young duo. Taking risk can lead to a good career but at times can destroy the career as well. It is important to take calculative risk and there comes a difference between a normal man and a wise man. Wise man always take calculative risk where as normal man know there is high risk and it is do or die situation still he will go for it and wait for the best result. Normal man taking abnormal risk can also be effective but the probability of the same is minor.

“Biggest risk is not taking any risk….In a world that is changing very quickly, the only strategy that is guaranteed to fail is not taking risk.”- Mark Zuckerberg

 From all the things I mentioned above we come to a conclusion that it is very important to take right decision at right time considering future into account. If you want to write your fortune, act wisely and take decision smartly.

Contributed by Kandarp Gandhi, (Class of 2014, IBS Mumbai)

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