Its solution, which you were looking for…

He was lost and he lost.

He was confused, lost, caught in the process; he was so much into the process that he forgot the purpose, lost the track of time. He did not know the purpose, he didn’t ask for propose, he had a task given and time ample, he didn’t bothered. When he realized it was too late, and they shouted and they blamed. He listened and he promised but he did same again.  

This is a common story of any person who is trying to earn livelihood, in majority of cases and at many occasions. We often lose the focus, the purpose. Purpose is to find out solution, whether its business, a project, a client’s requirement or a question staring right into your eyes. Solution is, what you were looking for, there are many choices to make many ways to define, many ways to solve the same question.  A war can be fought in a battlefield, with thousands of lives at stake or same can be resolved in a secret meeting room by signing a peace agreement. It’s not about how we do it; it’s about what we want. Solution. And there are ways and means to arrive at solution, at work place and in business and at home in much more peaceful, effortless, economic and pleasing ways.   

You know, you will win.

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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. 

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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

http://fromthediaryofmentor.blogspot.in/2012/03/reading-bestsellers-before-its-written.html

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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

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 http://fromthediaryofmentor.blogspot.in/2012/03/what-should-be-long-term-targets-of.html

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Reading bestsellers before it’s written

You can't really afford to wait till someone gets inspired or disappointed or elevated or frustrated from everyday life or everyday business and compiles vivid colorful stories and experiences to mesmerize you, writes it down, get it published and waits till it hits the chart of bestseller, and book goes viral. By the time you are reading the book on a business trip journey or on a lazy Sunday afternoon story is as old as the first inspiration of bestseller writer which might be as old as his or her childhood memory or a decade or a year or few months old. You know the lightning pace at which the world and technology is changing, strategies evolving, myths are made and broken, breakthrough happening and believes are shattered as well as strengthened. You can judge yourself the relevance of those consolidated ideas in form of literature at this moment. 

Why not to have a glimpse of what’s going on at present in the human psyche and interaction, their hopes and aspirations. Why to wait till some skilled author will compile all this for you. Why not to go and read the first hand experiences and aspirations and lessons of millions out there writing every bit of their mind, a collective real time literature of mankind on blogs and forums and websites. Just be wise enough to know which information to relevant and which to discard. 


Similar is the process to understand your business from customer’s point of view. Now learn how to build and sell brand image of your business in following article- http://fromthediaryofmentor.blogspot.in/2012/02/6-ways-to-improve-your-products-and.html

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Some tricks of the tech-trade for service delivery business-

You need to have strong data base (single largest qualification criteria) of all the existing and future prospective clients, (let it grow)


You need to track your transactions using behavioral tracking software/ systems, 


Understanding nature of customers in terms of frequency, choice of product, etc.. and offer similar promotional products and services 


Technology will help provide tailored service experience to individual customers.


It will help you make loyal customers by exceeding there expectations, every time they come back to you


Word of mouth Publicity

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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Never miss a Business Opportunity again

Never say No to any opportunity - if it aligns with your company vision

Never say No to any opportunity - no matter how challenging is the work

You should be either able to accomplish the work or should be able to convince the client to modify the nature and scope of work itself, - Just don't give up

Learn to operate in adverse financial situations- know where to cut the cost without compromising the quality of work- learn to bootstrap, learn to scale down when needed

Prove one now secure one for future - win the trust of client by accomplishing given project well and don't hesitate to ask for another project in advance from client

There are ways and means to accomplish the job - for each part of work where you lack expertise; there are people to help you out in those areas.

Be always ready with several versions of Business Plan, for different prospective clients

You should have a scalable, flexible and realistic business plan  

Learn best ways to make a realistic business Plan, here http://fromthediaryofmentor.blogspot.in/2012/02/how-to-keep-business-proposal-and.html

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Business on the go - Ever ready entrepreneur

Always be dressed and presentable in business hours and beyond - 

  *You are the image of your company

  * Well dressed look increases your confidence level
 - Let the people enjoy your company and presentable personality 

Always keep your plug and play USB storage device with you-

                                You never know when is the next presentation

·                            You don't want to lose that precious new client  

·                             Keep Your Company information / proposal ready in different format

·                            Keep your company profile presentation updated

Keep your business relevant numbers and information at your fingertips

Keep one page profile/ project summary with you 

Learn tricks of “one page” business success strategies in the following post - http://fromthediaryofmentor.blogspot.in/2012/02/one-page-business-philosophy.html

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Why entrepreneur should start Mindmapping right away

What is Mindmapping?

Mind-mapping is systematic arrangement of interrelated data in visual form mostly related to a single subject. Can be in different form- A tree diagram, radiating circle, visual collage, grid matrix etc

Why to use Mindmapping in business?

It helps you to see the bigger picture

Helps in right assessment of time and engagement

Helps you to organise resources efficiently

Can help you strike balance between professional and personal life

How to use it? What are the tools to use mind-mapping?

Professional software and services

Online platform - free or paid

A whiteboard

Or even a pen and paper

Suggestions

Be creative - remember the drawing classes of school?

Try to build a logic and interrelation out of available data

Try to work out different scenarios

Mindmapping helps you summarise your thoughts and paves the way forward for the project and business. You will learn the tricks and advantages of short and crisp business plans and strategies in the following article “One page Business Philosophy” - http://fromthediaryofmentor.blogspot.in/2012/02/one-page-business-philosophy.html

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