ENTREPRENEUR
4.12
7
Don’ts for success
1.
Don’t expect how-to books or gurus to tell you
what to do.
2.
Don’t try to be ahead of your time.
3.
Don’t look for answers, look for the right questions.
4.
Don’t multi-task.
5.
Don’t forget the compounding principle.
6.
Don’t forget luck.
7.
Don’t forget to ignore all the above if
something else works better.
Know
when to let go.
“but then
one day you find, ten years have got behind you, no one told ;you when to run,
you missed the starting gun.”
The
ability to distance oneself from any emotional attachment to people, products
or places come easily to the professional manager who can take the hard and
rational decisions needed to scale the company.
The VC bugbear
NDA = non-disclosure agreement
How
Does Your Business Bloom?
Entrepreneurs create two kinds of companies;
1.
A baby or
2.
A dwarf.
Both are
small to start with, but one will stay small while the other will grow.
The difference between a baby and a dwarf is not that one gets more
food or more money than the other, rather it is in their DNA.
Hard work
and smart ideas are important but there’s no point putting lipstick on a pig;
You can’t scale a company beyond the potential of its market.
The
colour of money is more important than the quantum of money.
Find an
investor who understands that a company is not a spreadsheet and building one
is hypothesis testing.
You
cannot prove anything right but have to prove it wrong.
If you
are going to jump from the 10th floor you might as well jump from
the 50th floor. The outcome will be same.
That is
why our goal is to become India’s largest private employer and this star simultaneously
beckons and motivates us.
Any
entrepreneurship is a journey with unique
1.
financial,
2.
spiritual and
3.
intellectual
personal rewards.
Find the right fit.
Whichever
is your chosen industry, the first project you deliver to the client teaches
enormous lesson, both good and bad.
Financial
discipline is the key to business success.
Managing
people includes clients and employees.
As you
begin to get more projects, managing everything for yourself will become difficult,
so you will need to identify and hire the right people who understand your
vision and grow with the company.
Often
business fail, not because of the product or quality or service, but because
over a period of time, business leaders tend to lose focus and belief in their
idea.
You
should revisit your dreams and re-energize yourself often.
Dotcom 3.0
It is
different this time or the world has changed and it will succeed definitely
this time around.
Eyeball era
Fire sale era
We have tried, failed and then proved ourselves.
7 secrets of Self-Made
Multi-millionaires
1. Decide to be a multimillionaire
Write down that “I am worth over 10, 00,00,000”
2. Get rid of poverty thinking.
There is no shortage of money on planet Earth.
There are only a shortage of people who think
correctly about it.
Eat all your food;
There are people starving
Don’t waste anything
Money doesn’t grow on trees
Real wealth and abundance aren’t created from such
thinking.
3. Treat it like a duty.
Self-made
multimillionaires are motivated not just by money, but a need for the market
place to validate their contributions.
They
raise expectations for themselves because they see the difference they can make
with their families, company, community and charities.
4. Surround yourself with multimillionaires.
You can’t
learn how to make money from someone who doesn’t have much.
They say “Money won’t make you happy.”
The poor
say “all rich people are greedy”
You need to know what people are doing to create
wealth and follow their example;
1.
What do they read?
2.
How do they invest?
3.
What drives them?
4.
How do they stay motivated and excited?
5. Work like a millionaire.
Rich
people treat time differently.
They
buy time, while poor people sell it.
The
wealthy know time is more valuable than money itself, so they hire people for
things they are no9t good at or aren’t a productive use of their time, such as
household chores.
Financially
successful people are consumed by their hunt for success and work to the point
that they feel they are winning and not just working.
6.
Shift
focus from spending to in vesting
The
rich don’t spend money.
They
invest.
US
economy favours investing over spending.
You
buy cars for comfort and style.
They
buy cars for their company
that are deductible because they are use
to produce revenue.
7.
Create
multiple flows of income.
Rich
people want others to be rich for two reasons.
First:
so you can buy their products and services
Second:
because they want to hang out with other rich people.
A leading Personality.
“I never
thought of it as leadership but I knew I wanted to be loved by the people who
worked for me”
Indra Nooyi
Chief strategist
1994.
Abut 3 lakh
employees world wide.
Annual revenue of
$60 billions.
Among100 most
influential people in the world.
She said,
“ if you want to improve the organization, improve
yourself.
The organisation gets pulled up with you.”
SCREEN
TEST
1. Ready
for risks
2. Wheel
deal
3. Four-point
somethings
4. View
on the move
5. Go
figure
Many
ways for one deed.
1. By
contract
2. By
consent
3. By
notice
4. Upon
occurrence of a contingent event
5. By
operation of law
6. by
an order of a court
ABCs
of a successful entrepreneur
1. your
overall image
2. your
body shape
3. wardrobe
staples
4. colour
you wear
5. make
up skin and hair care
6. personal
hygiene
7. nutrition
and fitness
8. B for behaviour
9. C for communication
[ 1. Communication can involve words, pictures,
thoughts, beliefs and action.
[ 2.
Communication is what transforms an idea into a vision, defines how it’s different,
explains why it will work and engages people in helping make it a reality.
[ 3.
Communication is what keeps your vision alive, whether you are in the room
explaining it to someone, or they are thinking about it in places far from
where you have ever been or will ever go.
10. Crisp
and clear [ can you describe what yu do to someone
not from your industry in 30 seconds or less? ]
11. Customer
centric [being able to appeal to other people’s
emotions is key to selling your ideas.
12. Luck
[luck is when preparation meets opportunity]
Words
Woes / doorstop service / Churlish / mentor---mentee / PEEVE
/
Pat came the reply / belie
No comments:
Post a Comment