How to protect my self from financial uncertainty? For Indians post demonetization of large currencies
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12th November, 2016
The situation in India is of a forced Renaissance to a cashless economy. In other words, some idiots from big business schools along with some other idiots decide on a plan so simple in execution for all the classroom geeks, that they fail to understand how things function in the real world.
My exact reaction to the announcement was based on my hindsight living 6 years away from my country. The ground situation reported after 2 days from various sources including Bushlark, the app that answers your questions specific to a location.
As a former territory sales executive at Western Union Italy, I had spent lots of time interacting with many small business men. Often, I visited Indian shops to establish service points. The job looks simple, but it exposed me to several key issues that affected our growth.
Firstly, everything in life has a learning curve. Most of the people, I had recruited were new to the money transfer business. Each of them would have a lot of questions to ask, but we were so few to answer. A lot of these Indian nationals living in Italy, were definitely more privilged then my other countrymen living in India. But the time they needed to adapt to banking which was very important for the job made me realize the importance of fixing execution with hindsight.
With time, in my job, I was better prepared to handle situations, to think quick on my feet and take appropriate actions
As silly as a problem like this sounds, as people develop skills they move up leaving other jobs to