If you have been like this in relationship dynamics of new and old friends and acquaintances, pause for a moment, step back a bit, shed the translucent screen of reliance, understand the dynamics from a fresh perspective, appraise the situation, face the facts, pleasant or bitter, and take a decision, to continue, to keep a safe distance or to discard, because you have to reinvent such associations from time to time in the light of changed situations, newly emerged influences, new environment, sensing others changed temperament, believes, and attitudes. You might find after situational analysis that you don’t have to change anything at all in the present association dynamics, but if you have to, you can’t afford not to realize it as early as possible. You don’t want to be a victim of ignorance. Even friendship and business associations need recurring validation for a healthy relation to continue. Reality check is name of the game.
Showing posts with label Lessons. Show all posts
Showing posts with label Lessons. Show all posts
Sunday, 29 July 2012
Friday, 13 July 2012
They won’t tell you they already know because they really didn’t know until you pointed out!!
It’s Showtime!! When it’s time to showcase your expertise on some subject, you have to be little cautious considering you might not be the only one in the room who has expertise on said subject. You will be surprised to know how much that person sitting in front of you knows about the subject which you are talking about. At least it appears so. At least they can pretend to. Don’t be surprised. Here is the catch. There is a chance that the person sitting in front of you might be very knowledgeable, there is an equal chance that this person is faking it, giving an air or knowledgeable person, authority on the subject and even you can do that. You only have to pretend affirmatively and authoritatively that this idea which someone is proposing is not new at all, pretending that it’s your one brainchild or at least you came across this idea or fact or information many times before. This will show your authority, at the same time that person with feel little awkward and will start doubting his own authority on the subject. This is a bad thing to do so don’t do that. But always keep in mind that majority of people around you with apparent knowledgeable authority is faking it, you got to see content of that person beneath his or her confidence. Confidence without real knowledge or content is not going to lead anyone anywhere. And also don’t feel disheartened if someone claims your knowledge or idea as their own, you know it’s yours, and they know it’s a trick that they are playing on you as always just because they are in a position to do that to you.
Tuesday, 19 June 2012
Know whom not to help!!
If someone is using your stuffs and criticising it at the same time.
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Constructive criticism is ok, even that only for few occasions, but if any of your acquaintance of even friend is constantly availing your help or using your stuffs and criticizing, bullying or even blaming you for help not matching his or her expectations, it’s time to get rid of that burdensome friendship or acquaintance without any delay or at least maintain a respectable distance. Learn it now or you will realize later on your own meanwhile getting frustrated for no reason. You have all the right to choose whom to help and whom not, so choose wisely, you are not answerable to anyone for this.
Tuesday, 20 March 2012
Do you need to go to college to be an entrepreneur?
It partially depends on what kind of business you want to start. Formal educations up to the college might not be necessary for some creative entrepreneurs but it helps you on many fronts like personality development, interaction skill, of course industry knowledge, business intricacies etc. but usually pre-college education can help understand the basics of business dynamics, and will help interact with people in general and specifically client. Whether college or not one should definitely learn basic finance and one can always keep increasing their business and industry knowledge while keeping track of market affairs. In this information age it’s easier than ever to acquire knowledge, through different social media streams. It’s an open knowledge economy; people are much more open and willing to share their success stories, business tricks, business pitfalls and lessons compared to past. Feedback was never so readily available through the emergence of blogs, forums, etc. There are ample success stories to justify the need of formal education and equal ample stories where successful entrepreneurs have emerged without formal college education, but there were few common traits in both the categories, which is – Vision, determination, hard work, persistence and continual search for knowledge while reinventing themselves.
Learn how to read a business bestseller before it’s written in the following post
Saturday, 10 March 2012
What should be the Long-term Targets of an online business and startups?
It’s very important to have a vision for any company and its process and strategies should be aligned to that long term vision to make it sustainable. Long term targets are generally macro level targets spread over the period of 10 to 15 years or more. Some of the essential long term targets for any online business can be-
To get established as a trusted and honest brand
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To get recognized as one of the leading business faces of the industry
To get recommended as a stable brand with strong track record and consistent performance
To be known for excellence in service and product
To globally establish itself as a known brand
Should have a client portfolio which showcases some of the biggest and trusted brands nationally and worldwide
Should have a project portfolio which showcases a healthy mix of projects which help establish company’s expertise
To accomplish some of the most challenging tasks in their industry
Should have a well established company culture and Vision in which employees have faith.
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
Friday, 9 March 2012
25 Rules of success for business and online startups
Launch early - you can’t afford to wait till you have a 100% fail-safe plan
Understand the legality of your business, choose your business name and content which is unique and does not attract legal notice.
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Learn from your mistakes
Don’t repeat the same mistakes again, ..
Understand the legality of your business, choose your business name and content which is unique and does not attract legal notice.
Leverage your business through common attributes..
Create business synergy among many businesses or support service or product line
Improve your products, services and online experience based on customer’s feedback..
Reduce number of clicks to sell your products online
Reduce turnaround time
Promote relevant products
Do not get spread too thin doing multiple task yourself
Hire people for those parts of business you don’t like doing yourself
Keep track of your accounts from the day one; you are going to need those details on way to success
Maintain professional attitude from the get go …http://bit.ly/wEn1rh
Maintain focus- it’s easy to get distracted.. http://bit.ly/zuyxst
Be careful while hiring or joining friends for business…http://bit.ly/wi5I0i
Hang out with people with positive vibes, avoid people with negative spirit
Listen to criticism passively and discard everything which demotivates you
Utilize technological possibilities and help at your disposal ..http://bit.ly/yuGSYU
Utilize social media potential or hire someone to help you optimize it for you
Create a product or service capable of triggering word of mouth publicity… http://bit.ly/yibMqn
Pause to have a reality check, review and restrategize if needed… http://bit.ly/wv6vUE
Pause to appreciate what you have been doing
Don’t judge your success by someone else eye, only you know what you are getting from your business apart from money, things like satisfaction, attention , authority, control on your time and life etc. ..http://bit.ly/xLfxjc
Pay to yourself and feel good about you and what you have created.
Learn how to materialise every Business Opportunity which comes your way -http://bit.ly/x5Dv24
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
Business setbacks as measurement scale.
Setbacks are part and parcel of business dynamics, sometimes business has high growth momentum, at times its all time low . What is business without a little bit of thrill. Setback is the measurement of how much risk you take in business, its part of business thrill. If you didn't ever have setback probably you didn't take enough risk. Come out of your comfort zone and have courage to take risk. Calculate the risk, have a backup plan and go ahead. You can't wait till business plan is 100 percent perfect; otherwise you will be too late in the market.
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Learn what to do when things go wrong in Business here – http://fromthediaryofmentor.blogspot.in/2012/02/what-to-do-when-things-go-wrong-in.html
Tuesday, 21 February 2012
One page Business Philosophy
You should be able to summaries each component of your business for clarity, simplicity and understanding, though you can keep the details of business components for further reference.
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One page Vision and Goal to guide the company
One page Target to drive the company
One page ever ready Business Plan to expand the client base
One page of Company Policy to guide the employee
One page Company Culture for uniformity
Know “why your Business needs to have a Vision” in the following post - http://fromthediaryofmentor.blogspot.in/2012/02/why-you-need-to-have-vision-for-your.html
Friday, 10 February 2012
How to keep business proposal and project schedule realistic
It's easy to get swayed away by sheer numbers - do regular reality check
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Don't get overenthusiastic with numbers - get your numbers validated by partners / trusted others
Overall business plan should make sense to your over-skeptical clients
Keep all the odd possibilities in mind while preparing project time schedule
Business strategies should reflect in numbers and should complement each other
Try to foresee all the future obstacles and keep the time schedule flexible enough to accommodate the time lost due to this obstacle
Learn how and why to use Mindmapping tools which helps you streamline your business and makes your business plans realistic- http://fromthediaryofmentor.blogspot.in/2012/02/why-entrepreneur-should-start.html
Rock bottom price strategy for startups
Do you really need to buy those fancy stuffs for your business?
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Know when is the right time to buy and from where to buy
Attend auctions to get stuffs at rock bottom prices during down time
Make business out of your existing business byproduct
Create a network of information channel
Keep track of your expenditure
Optimise your budget, review it, optimise it once again to arrive at realistic needs
Bootstrapping wherever possible
Learn to operate with minimums financial resources in business career at least once - for experience sake
Learn to negotiate well.
Learn How to leverage your business in 7 easy ways in the following article- http://fromthediaryofmentor.blogspot.in/2012/02/how-to-leverage-your-business-in-7-easy.html
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
10 suggestions for new start-ups and entrepreneurs
Find out a market which has growth potential
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Move out of your comfort zone
Keep your expenses low
Don't get spread too thin managing multiple aspects of business yourself
Manage and maintain your account book and project portfolio from the get go
Strategies need to be translated into achievable numbers
Create flexible business model to adapt to changing business dynamics and accommodate initial business errors
Continuously educate yourself - industry update, best seller books, emerging business strategies, and upcoming technology
You cannot afford to wait for launch of your product or service till its 100% satisfactory; otherwise you will be too late for the market
Don't simply imitate leaders in your field, give your own unique and valuable input- don't pretend to be someone else
To know what’s common between successful business leaders see the following article - http://fromthediaryofmentor.blogspot.in/2012/02/what-is-common-between-successful.html
Thursday, 2 February 2012
3 basic Thumbrule of hospitality and service industry
It all depends on front-end staff - they are the face of industry
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It’s about 40% ambiance and 60% service and of course affordability cannot be ignored
Education and training makes a difference - you must be wondering why a 2 star hotel staff won't behave like a five star staff while both are human capital
Learn about the top 5 problems faced by new startups in providing customer service here - http://fromthediaryofmentor.blogspot.in/2012/02/top-5-problems-faced-by-new-business.html
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