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By:

Kaustubh Kale

10 September 2024 at 6:07:15 pm

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its...

Akshay Tritiya and Gold

As Akshay Tritiya arrives, gold once again takes centre stage in Indian households. For generations, buying gold on this auspicious day has been considered a symbol of prosperity, purity, and good fortune. It is not just a purchase. It is an emotion, a blessing, and a tradition passed from one generation to another. But beyond tradition, gold also carries an important financial lesson. Gold is not just jewellery. It is an asset. Gold During Uncertain Times Over the years, gold has proved its worth not only during festivals, but also during uncertain times. Whenever the world faces wars, inflation, currency weakness, economic slowdown, or financial panic, investors across the globe look at gold as a safe haven. This is because gold has a unique quality. It is trusted across countries, cultures, and generations. It does not depend on the promise of one government, one company, or one currency. Why Gold Holds Value Unlike paper currency, gold cannot be printed endlessly. Unlike businesses, it does not depend on profits or management quality. Unlike real estate, it is globally accepted and easily valued. This is why gold continues to remain one of the oldest and most respected stores of value. It has survived centuries of change, economic cycles, wars, and financial crises. The Right Role in Your Portfolio That said, gold should not be treated as a shortcut to wealth creation. Equities and equity mutual funds still remain essential for long-term growth. Gold plays a different role. It brings balance, stability, and protection to your portfolio. When equity markets are volatile or global uncertainty rises, gold often provides comfort. A sensible allocation of around 10-20% to gold can help reduce overall portfolio risk.  So basically, while stocks and equity mutual funds play the lead role in your long-term financial goals, gold plays the supporting but essential role. Physical Gold Has Limitations However, the way you invest in gold matters. Buying physical gold during festivals may feel emotionally satisfying, but it comes with practical challenges. There are making charges, purity concerns, storage issues, risk of theft, and liquidity problems. A necklace may be beautiful, but you cannot easily sell only a small portion of it when you need money. Also, when gold is bought as jewellery, the investor often forgets to calculate the actual return after making charges and deductions. Smarter Ways to Invest This is where Gold Mutual Funds and Gold ETFs become useful. They allow you to invest in gold without worrying about lockers, purity, theft, or storage. You can invest flexible amounts, start SIPs, track value easily, and redeem conveniently when required. For investors who want gold as part of their financial plan, these options are far more practical than buying jewellery purely as an investment. Tradition with Financial Clarity Akshay Tritiya is a beautiful reminder that wealth should be built with faith, patience, and clarity. Buying gold is auspicious, but buying it in the right form is financially wise. This Akshay Tritiya, celebrate tradition - but also upgrade your financial thinking. Because true prosperity is not just about owning gold. It is about owning it smartly. (The writer is a Chartered Accountant and CFA (USA). Financial Advisor. Views personal. He could be reached on 9833133605.)

From Busy to Owned: Build the Middle

Slug – Business Sense

Last week we explored why growth starts to lurch when every decision still circles the founder. This week is the fix. Make the middle visible so work moves without you. 


Monday, 11:10 am.

Sales is celebrating a PO (Purchase Order). Ops is juggling dispatch. Finance is nudging a payment. Three different teams, same pause:

“Who signs off?”

“Ship now or wait?”

“Loop you in, sir/ma’am?”


It’s not speed that’s missing. It’s ownership you can see.


What “the middle” actually means

Not more managers. Not longer meetings. It’s a simple leadership system that tells everyone who decides, when, and where exceptions go:


  1. Role Charters (one page, per manager)

Scope, decisions owned end-to-end, what “good” looks like, and red-line escalations. Short, public, living … so people don’t need to “just check” on WhatsApp.


  1. Decision Ladder (green / amber / red)

Green: Decide & inform.

Amber: Decide with consult (time-boxed).

Red: Escalate with context (into fixed slots).


Post one Ladder per core flow … sales, delivery, support, finance … so polite waiting doesn’t replace action.


  1. Escalation Windows (twice a week, fixed)

Example: Tue & Thu, 11:30–12:00. Stuck work lands here inside the system, not at midnight. Predictable beats urgent.


  1. Published Rhythm (the operating diary)

A weekly review with a standing agenda: WIP lanes, owner tags, next decisions, risks. Visibility replaces supervision; founders can be strategically unavailable.


If that felt abstract, here’s the home-version you’ll recognise.


The Society WhatsApp Test (real version)

9:12 p.m.: “Paani kam aaya.” (Lesser water supply)

By 9:14: 47 messages, one “Good morning” sticker, and three people tagging the secretary. The watchman is now answering calls and switching the motor like a DJ.


Classic no middle.


Now add a small, desi middle: the Water Subcommittee Head plus the watchmen. They ration first, tanker last. A simple playbook: stop–start timings agreed, a ready message (“Supply stop 6–8 am. Conserve water. Update at 8:15.”), and a rule that the Head decides rationing; only if two cycles fail, the treasurer is pinged to price a tanker; the secretary enters only if both steps don’t hold.


Result? Fewer pings, fewer heroics, and full buckets by breakfast. The group goes back to birthday photos. Work didn’t get lighter … ownership got visible.

In teams, the same logic turns polite waiting into steady motion.


How the shift becomes visible

Instead of a before/after story, here are signals you’ll notice in 10 days when the middle is working:

  • Fewer “Can you just see this once?” pings.

  • Standups end with named owners and time-boxed decisions … not updates.

  • Amber items stop floating; they’re decided within the window.

  • Red items wait for the slot unless truly urgent (and urgent is now rare).

  • People start saying, “I own it,” without adding, “unless you want to review.”


No fanfare. Just steadier motion.


How to install it (Indian SME reality)

Day 1–2: Pick one friction lane (onboarding, change requests, month-end collections).

Day 3–4: Draft two Role Charters for your natural “catchers.” One page. Read them aloud in the team meet.

Day 5–6: Mark 10 typical decisions as Green/Amber/Red. Time-box amber consults (e.g., 24 hours).

Day 7: Announce two Escalation Windows on the shared calendar. If it’s not red, it waits.

Day 8–10: Run the rhythm. Daily WIP = owner tags + next decisions; weekly ops = risks + handoffs. Founder attends only if a red-line is hit.


Track two simple numbers before/after: after-hours messages and cycle time. If both drop, the middle is taking hold.


When it wobbles (and it will)

  • Charter drift: If managers still seek blessings, your red lines are too generous; tighten the Ladder.

  • Window spillover: If escalations leak to DMs, add a third temporary slot and sort by type.

  • Review theatre: If meetings become status shows, cut to four beats: WIP, owners, decisions due, risks.


Rashmi’s note

Headcount adds capacity. The middle adds speed. It’s not culture decks or tool rollouts. It’s the quiet confidence that comes when “who decides” is public … and exceptions have a place to go. That’s when teams stop waiting for the founder and start moving on time.


Next week, Rahul explores restraint: why presence can quietly slow execution unless exits from loops are designed in. 


(Rashmi Kulkarni is Co-founder at PPS Consulting. She works with growth-stage teams to install operating rhythm and clear decision rights so work moves without supervision. Views are personal. Write to rashmi@ppsconsulting.biz or connect on LinkedIn.)



1 Comment


rahul
Sep 11, 2025

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