If only No. 1 would have mattered world would have been a dangerous place. Business is not being run by just one percentage of business community. It takes rest 39% to manage the show and another 60% to validate the show. Being at no. one might be a good idea, but draining all the resources and getting frustrated on the way just to be no one is insane race, doesn’t lead you anywhere. Reaching no. one position is not a big deal but maintaining yourself as a business or individual at no. one position is a challenge. Chase for no. one only if you have made up your mind to stay at no. one. Being no. one has its own burdens associated with it - the constant performance pressure, vigilant eyes of customers and critics, lack of leisure time, being surrounded by greedy people and associations waiting to grab a pie of success are some. You are not supposed to commit slightest mistake at the apex position, not because things might go grossly wrong, but because of perceived sanctity of the position. You choose. It might be a good idea to focus on the things you do best and try to improve, innovate it, rather that wasting your time money and energy to mindless rat race to no. one position.
Showing posts with label Perusing your Dream. Show all posts
Showing posts with label Perusing your Dream. Show all posts
Friday, 3 August 2012
Sunday, 24 June 2012
Two ultimate sources of free mentor tips which you can get objectively
It was always there, it’s just that you underestimated it.
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Discussion Forums: you can get a continuous stream of advice from online discussion platforms when it comes to seeking advice objectively or anonymously, though you always have an option to participate in the discussion of seek direct advice. Though you have to be cautious in filtering the sensible advice out of tons of junk advice, but remember to reach the diamond you will have to filter tons of coal.
Published Interviews: You can get tons of crisp, sensible and encouraging tips from interviews of successful people no matter which stream of life or business they belong, you should prefer online documented text versions rather than interview videos because it’s absolutely fast to search and extract the advice and tips you are looking for from a text file rather than a video format. For instance open a online published interview of any successful CEO, Search for the Key word “Success” in the documents through auto search option, highlighting word “success” located everywhere in the document, and read the relevant paragraph. Going through an hour of interview video or two minute search in a text document to get a single advice, you choose yourself! No matter what published interviews are one of the best ways to learn from others success and experience, objectively.
Friday, 22 June 2012
Free or paid, you need a mentor!
Mentors are there to guide you when you are lost, they are there to validate your dream, and they help you dream big, they help you remain sane. Everyone need a mentor at some point of time in their life and anyone can be your mentor from your wife, your daughter, your friend, your parents, your colleague your boss, or some professional mentor depending on who extend their wise advice to you when you need most.
Wednesday, 28 March 2012
Dwelling on achievements
One takes pride on his/her achievement. Why not? They have achieved something and should celebrate their success. But past glory of success should not overshadow the present effort and future prospects.
We often get caught in the glorification of past success accentuated by praise of others and tend to miss the present opportunities. When achievement becomes achieved, politely accept it and move forward to achieve the next big target.
Dwelling on past success is affair of an average mentality, its affair of those who does not have anything exciting at present to share or waiting in the cards. Dwelling on self glorified past is a habit, which makes you self obsessed, its little difficult to break, but it’s better to shed. Those memories of successful moments in life of course give you a positive kick, just keep those alive in your mind to share with your grandchildren, but don’t linger on it, don’t dwell on it. Those who dream big, they are always on the move, always chasing, with occasional pause to rejuvenate their mind, body and soul,
We often get caught in the glorification of past success accentuated by praise of others and tend to miss the present opportunities. When achievement becomes achieved, politely accept it and move forward to achieve the next big target.
Dwelling on past success is affair of an average mentality, its affair of those who does not have anything exciting at present to share or waiting in the cards. Dwelling on self glorified past is a habit, which makes you self obsessed, its little difficult to break, but it’s better to shed. Those memories of successful moments in life of course give you a positive kick, just keep those alive in your mind to share with your grandchildren, but don’t linger on it, don’t dwell on it. Those who dream big, they are always on the move, always chasing, with occasional pause to rejuvenate their mind, body and soul,
Tuesday, 27 March 2012
Which way out..
Delving deep into the question show you the way out, not escaping from it.
Escape or avoidance of particular problem might give you an assumed temporary relief but that problem will be waiting there for you to return, waiting intact, waiting to be addressed, to be addressed with most sincere effort. Apply your brain or seek help, but address it now, might improve it later. You will witness and wonder how many will come forward to help, to lend a hand if you seek help, if they won’t be able to give you money they will surely give to wisdom, a piece of their mind, a piece of their experience.
Tuesday, 20 March 2012
How to raise money to start a small business
If your requirement is of larger scale you can approach any bank but only after consultation and advice from a Chartered accountant or any related accounts personal or may be people in your business field,
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Borrowing loans from friend and family may be a good idea if your requirement is not big.
Review your business plan once aging scale it down to make it more realistic,
You can bootstrap if needed, you can also cut down on fancy technological stuffs and save on fancy office interior at the beginning of your business
There is no end till what time you will keep on saving, launch when you think its right time,
Do take your intuition in account,
Know Top Advantages of Niche Marketing, in the following article http://fromthediaryofmentor.blogspot.in/2012/02/top-10-advantages-of-niche-marketing.html
Saturday, 10 March 2012
What should be the "Medium-term Targets" of online business startups?
Getting recognized and getting positive publicity in virtual world is much easier than the physical market domain and every startup should utilise the marketing and brand building advantages of virtual world
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They need to get established as a brand in the period of 3-5 years nationally while spreading its presence globally.
They need to get noticed and get compared with some of the big companies in their industry, due to their uniqueness, innovation and great services, if not on financial parameter.
They need to expand their business in term of manpower in this growth period, they need to hire and retain faithful employees to share workload so that they can focus on larger picture
They need to start leveraging their business through synergy with similar business possibilities, like expanding their product base,
They should have a long list of loyal clients and repeat customers by now- list length will depend on niche, demand and competition
They should have even longer list of prospective clients by now, 50 to100 or more depending, niche, location, demands etc.
They should definitely get coverage by both social and print media in the period of 3-5 years either for their contribution to that particular industry or for their unique approach, product or services, or at least for some good reason. Its very important for brand positioning.
Learn about Long-term Targets of an online business and startups
Monday, 5 March 2012
How to manage Business risk
Never put all your eggs in one basket
Have a functional back up plan ready
Assess vulnerability of your business plan on different parameters and varied possible future scenarios
Keep a flexible business mindset to quickly negotiate changing business dynamics
Don't regret on mistakes made, learn from mistakes, change the strategies and move forward
Maintain professionalism in in your work even if you are doing business with friends,
Always keep few alternate revenue sources or prospects around your business, it will give you hope and boost your moral when business in down.
Always be prepared to materialize approaching business opportunity
Learn how to materialise every Business Opportunity which comes your way in the following post - http://fromthediaryofmentor.blogspot.in/2012/02/never-miss-business-opportunity-again.html
Thursday, 1 March 2012
How to deal with business competition
If you think you can beat the competitor with rock bottom pricing, it can only be a short term strategy, its not sustainable. Bringing prices down to attract the customers will only reduce your profit margin, and you are only likely to compromise with quality of product or services.
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To survive the competition or to win it, all you need to do is to provide uniqueness in your product or service or both to the end users. When number of people is selling the same product or service you need to differentiate yourself from the masses through innovation in product and services.
Another advantage of having uniqueness in product and service is that you can dictate and control the prices and slowly a unique category of loyal customers emerges to buy your product and services, which also help promote your business through word of mouth publicity.
Another advantage of having uniqueness in product and service is that you can dictate and control the prices and slowly a unique category of loyal customers emerges to buy your product and services, which also help promote your business through word of mouth publicity.
Monday, 6 February 2012
6 ways to improve your products and company image
Customer feedback and Input
Periodic company brand image makeover to keep pace with the marketShift in strategies, if needed
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Quick Online Survey - Hire a online survey firm, integrating quick poll form in your website etc.
Studying available online comments on forums, blogs etc.
You need to hire best designers in industries - Bootstrapping other requirements if needed
You will learn about what is the common success factor between all the business owners in the following article- http://fromthediaryofmentor.blogspot.in/2012/02/what-is-common-between-successful.html
Top 10 indicators to assess your business positioning & value for yourself
Customer satisfaction - Online or ground survey
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Employee satisfaction quotient - companywide survey
Employee productivity quotient - annual/ semiannual appraisal
Quarterly financial comparison with competitors in similar segment and scale of operation
Prepare a list of monetary as well as intangible achievements in quarter/ previous year
Percentage of targets achieved
Pace of development towards macro level target/ vision
What you get out of your own business - personal gain/ satisfaction
How easy or difficult you find it to keep your business at auto-pilot mode
How much leisure time you get out of your business
Learn basic thumbrules of dealing with customers in the following post - http://fromthediaryofmentor.blogspot.in/2012/02/3-basic-thumbrule-of-hospitality-and.html
Thursday, 2 February 2012
Why you need to have a Vision for your business
What is Vision?
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Vision is a macro level perspective of your future business direction. It is summary of what all you are committed to provide through business and where you see your business years down the line. A strong vision should be capable of conveying the core capability and commitment in a string of few words.
Why need to have Vision?
It gives a direction to your vision
Helps you, your business partners and your employees keep focused and keep going in difficult times
Vision directly interacts with customers and helps make brand image
It helps orient different projects and assignments in the desired direction acting as a common tying element
Represents company culture
It’s a sticky element that lingers on to the memory of customers and help in word of mouth publicity
To survive the tough business competition you should learn how to deal with business competition, discussed in the following article - http://fromthediaryofmentor.blogspot.in/2012/03/how-to-deal-with-business-competition.html
Wednesday, 1 February 2012
What is common between successful business owners?
They have strong feeling of ownership
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They believe in their dream and product
They have focused passion for their business
They advocate their product
Learn how to materialise every Business Opportunity which comes your way in the following post - http://fromthediaryofmentor.blogspot.in/2012/02/never-miss-business-opportunity-again.html
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