MT India Newsletter Archives and Subscription @:
http://groups.yahoo.com/group/MTIndia

5 Apr 2003

********************************************************

The Three Legs Test!

********************************************************
Dear Friends,

I have been quite bemused by the number of people who are being
sucked into the SOHO scam in MT, as elsewhere. In all the cases
that I have seen, they have only themselves to blame! Success,
especially small business, is built on three legs. If any one of
them is missing, the entire structure will crash, sooner than
later.

1. Vision

You need a clear vision of what you want to achieve - a flawed
vision, based on laziness or greed, will cause you to do the wrong
things for the wrong reasons.

True vision is a correct perspective on a POTENTIAL reality - in
small business, most peoples' visions are based on other peoples'
present realities, such as successful competitors. It's one of the
biggest benefits of going into small business. Even vision can be
duplicated.

2. Effort

Don't confuse effort with work - effort is actually a component
part of work. In physics, we define work as "effort over distance."
In business success, that distance is the THIRD dimension. time.

No matter how much leverage you apply, through the use of other
peoples' resources, you can't eliminate the need to invest time,
especially in the initial building stages of your business. Sure,
if you work intelligently you can leverage your efforts until you
finally break all connection between your effort and your earnings.
But, like time, that's a consequence of success, not a cause. Don't
confuse the two. You have to invest EFFORT. It's an indispensable
part of the formula.

3. Discipline

Without discipline - you'll never invest the time and effort
required to realize your vision. And without your vision to
motivate and guide you, you'll never have the discipline you need
to achieve success.

It's so simple, common-sense and logical that it should be obvious
to anyone. But it's not, or the majority of people in small
business wouldn't waste so much of their time and effort in
undisciplined, directionless work for the sake of working. That's
EMPLOYEE thinking, not entrepreneurial thinking. Employees are
conditioned to think that if they're working HARD they're
successful, regardless of the results they produce.

An entrepreneur works SMART, using leverage to work less and earn
more.

How to identify a DUD business opportunity, system or technique???
Give it the Three Legs Test! If its major appeal is. . .

* no effort needed (overnight success! Get rich quick!)
* no discipline needed (we'll build your business for you!)
* no vision needed (just keep on doing whatever you've always
done!),

then you can be pretty certain you've got a dud, because ALL Three
Legs are MISSING. . . it can't succeed.

It's time to get real, folks. We need to discipline ourselves to
invest time and effort to bring our vision to reality, instead of
wasting our time and effort trying to find ways to avoid these
indispensable ingredients of success, or simply working hard
because we think we need to be BUSY in order to be productive.

If we did this simple thing, we'd be w-a-a-a-a-y ahead of where we
are right now, wouldn't we?

Cheers!!!

Maj (Dr.) Amit Chatterjee, SM
Strategist / Founder ~ mailto:amit@...
MT India ~ www.MTIndia.org
"The Community of MT Professionals"

"It takes years to become an overnight success! Inch by inch, it's
a cinch."

***********************************************************
Other ezines from MTIndia:
----------------------------
1) MT India Digest - to see archives go to:
http://groups.yahoo.com/group/MTID

To subscribe, send a blank email to:
MTID-subscribe@yahoogroups.com
and thereafter reply to the confirmation email from Yahoo!Groups.

2) MT India Jobs Newsletter - to see archives go to:
http://groups.yahoo.com/group/MTIndia-Jobs

To subscribe, send a blank email to:
MTIndia-Jobs-subscribe@yahoogroups.com
and thereafter reply to the confirmation email from Yahoo!Groups.

***********************************************************
NEWS AND VIEWS :
------------------------

1) A Challenge to Chennai Law Enforcement Agencies!!

The controversy surrounding Sohonet India, a Chennai based company
engaged in the services of providing a home based earning
opportunity to public has taken an interesting twist. In a fresh
allegation against the Company, it has now been stated by some
members of the public that the Company has posted around 60
messages yesterday on the same forum, all praising the Company and
its services and claiming that it is not a fraud.

It is intriguing that such opinions supportive of the Company are
coming up only now even though the controversy has been brewing in
the mtforum for a long time. Judging by the sudden spurt of the
postings, the possibility of it being an attempt to dilute the
impact of earlier postings in the same forum cannot be ruled out.

If the Company is guilty, people (Estimated to be around 15000),
who have become members of the Company's scheme based on it's
promises and found the scheme blatantly unviable, need to be
compensated.

http://www.naavi.com/cl_editorial_03/edit_08_mar_03_01.html

2) Axolotl Raises the Bar for the Medical Transcription Industry

Axolotl Corporation, announced the release of comprehensive report
management, accounting, and auditing tools for its Elysium
Transcription Service. These Web-based tools allow HIM managers to
track turnaround time and cost per line, per physician, and per
report type, all in real time. These advanced tracking and cost
disclosure tools are expected to raise the bar for the entire
medical transcription industry.

The Elysium transcription management tools allow managers to track
every stage of the transcription process through a Web browser.
Starting with dictation and following the process through
transcription and e-signature, each report is logged and tracked.

http://www.businesswire.com/cgi-bin/cb_headline.cgi?&story_file=bw.
033103/230905540&directory=/google&header_file=header.htm&footer_fi
le=

3) Searchers may Google patient records?

In March, Wired.com reported that hackers used Google as a shortcut
to infiltrate computer networks that weren't properly secured.
Instead of blindly surfing the Web for vulnerable computer
networks, hackers can use a search engine to easily identify
targets. That's because many databases use templates and canned
phrases that Internet search engines pick up as they search and
index the content posted on the Web.

In one particular instance, hackers typed into Google a phrase --
"select a database to view" -- that commonly appears in databases
from FileMaker Inc. The search engine spat out more than 200
database listings.

While most of the databases were secure or contained mundane
information, a few had sensitive information that hackers were able
to access because users hadn't changed the passwords that came with
the system.

http://www.ama-assn.org/sci-pubs/amnews/pick_03/bisb0407.htm

4) Software, services exports surge 28% in FY02: ESC

India's computer software and services exports grew 28 per cent in
2001-02 at $7.65 billion amid negative developments such as the
global recession, terrorists strike in the US, according to the
report by The Electronics and Software Export Promotion Council
(ESC).

Of the total, IT software and services contributed $6.12 billion,
posting a 21 per cent rise in growth, while IT-enabled services
(ITES) sector registered a growth of 64 per cent per cent in the
same period at $1.53 billion.

http://in.biz.yahoo.com/030220/26/21bf1.html

5) Nasscom - an interview with Kiran Karnik

Capital Market: Some of the US states are thinking in terms of
banning outsourcing to India. What is your view on this and what
steps are you planning for the Indian software industry in this
regard?

Kiran Karnik, President: Very clearly, this is a non-issue as it is

very clear that outsourcing to India cannot be stopped through
regulations. As we have also seen in Nasscom 2003, everybody agrees
that India is the place to be in for software services, especially
for offshore services. In such a scenario, I don't think, a
legislation or opposition from some people can really stall the
whole process.

However, we at Nasscom are not complacent. Even though it is a fact
that this cannot be stopped, what is important from Indian IT
perspective is that the change needs to be handled carefully and we
are working on it.

http://in.biz.yahoo.com/030218/103/218mu.html

6) GE Med to renew $100m contract with TCS

GEMS has more than 1,900 people - including internal and external
workers - in its IT department. According to Mr Habib, the company
outsources 70% of its work to vendors like TCS. The company also
outsources work to another Indian company, Mascot Systems.
According to Mr Habib, the company has been able to achieve more
than 50 % cost savings by outsourcing to TCS. This, combined with
the option of pulling people from TCS for different projects, has
resulted in a quicker turnaround time for GEMS.

GEMS also outsources help centre and support-related work to the GE
subsidiary in the IT enabled service area - GECIS. This work is
carried out at call centres in Spain, Beijing and India, Mr Habib
said.

http://economictimes.indiatimes.com/cms.dll/html/uncomp/articleshow
?msid=42301189

7) New CIMplify subsidiary to consolidate medical records

Brentwood-based CIMplify, has formed a new record management unit
designed to put patients in direct control of their medical
information. CIMplify CEO Stryker Warren says that, because
patients' doctors typically keep separate medical records,
difficulties can arise if that information is needed on quick
notice.

The concept behind Global Healthport goes to the heart of a move
toward more patient control of medical information and greater
collaboration between patient and physician, says Bill Bates, CEO
of Nashville-based EMR system developer digiChart Inc.

Physicians also can dictate their medical records and updated
information through the call center for a per-line fee similar to
transcription services. CIMplify will offer rebates to doctors if
their patients subscribe to the patient network.

http://nashville.bizjournals.com/nashville/stories/2003/03/31/story
7.html
++++++++++++++++++++++++++++++++++++++
P. S. Would you like to share this newsletter with your friends
or post it on your site? Please do! But also be sure to read
below:

All original content of this newsletter is © Copyright 1998-2003
Mediweb Infotech Pvt. Ltd. All cited articles are copyright of
their authors and/or respective publications. Please feel free to
share this newsletter with your friends or post it on your site
as long as it is left intact with all links unchanged and this
notice.

Thank you for your interest in MT India!

The MTIndia Team
----------------------------------------------------------------
Please DO NOT reply to this mail id to unsubscribe.