Business and decisions related to Entrepreneurship are more about gut feelings. After learning so many things about entrepreneurship one can easily come to know that, each entrepreneur take some and the other decision on intuitions. In fact decisions taken because of gut feeling eventually turnout to be very good decisions...
A magical solution does not exist in Business. If one wants to drive business to make it more productive, one should have willingness to face tough realities and make tough decisions. Manager of the business needs guts to stick to BIG objective and confront other significant problem. Most of the people in the organization are going to have fear for the change, but this should not deceive managers from taking tough decisions....
30th December 2009 comment Read full
Entrepreneur has different views, different motivations, various ways to look at same kind of problem. I feel every entrepreneur wants to do something different in a different manner. Building his/her own way. If we just look at today's entrepreneurs they have came up with their own ways for business. Its like "I never bothered about how other people do the business, this is my way of doing business, and I will stick to it."....
"Less Is More" by Jason Jennings, book cover has a tag line "How Great Companies Use Productivity as a COMPETITIVE TOOL in Business". This book is really worth reading. Everyone in Business want to increase productivity- more output and less input, lower cost and higher profits. "Less Is More" is all about how to increase business productivity by keeping lower input cost...
Does school prepare children for the real world? "Study hard and get good grades
and you will find a high-paying job with great benefits," my parents used to say.
Their goal in life was to provide a college education for my older sister and me,
so that we would have the greatest chance for success in life....
This is how the "Rich Dad Poor Dad" books starts with. "Rich Dad Poor Dad" is concentrated
mainly on two questions.
"Stay Hungry Stay Foolish" is One of the Best Book I have ever read on the topic of Entrepreneurship. This book actually gave me inside out of management and the kind of thinking involved by each entrepreneur to handle and solve the problem and tackle the situation. Its not money but it is some internal force to do something different which drives entrepreneurs...
26th December 2009 comment Read fullThis article is from THE SMART MANAGER Jan-Feb 09 Issue....Article by Aditya dev sood.
The world has turned upside down and may take time righting itself. Rather tha dreaming about remaking the world, many creative consultancies now have to think about making their next payroll. When growth goes negative, design begins to look like a luxury and budgets are frozen.
Here are a few pointers to help you make the best of a temporary recession:
Create a burn rate optimization tool :
Make a six month survival plan. Establish that you can and will still be in business in six months time by cutting spending and delaying investments. Within that horizon you will have found ways to understand and adapt to new market conditions and flourish again.
Enter the crisis:
It may be a management chiche that in Chinese, crisis = Danger + Opportunity, but it is true nonetheless that in a crisis people change everyday ways of thinking and become open to new options and ways of doing things. The new can more easily become the familiar, more so in a naturally creative company.
Argue from efficiency:
there are two angles. First, out sourcing works because it leads to business efficiencies. Creative consultancies represent a form of outsourcing, though they are not conventionally seen that way. Show your clients exactly how you are a more direct path to innovation than their internal team. Remind them that you have a wider breadth of expertise across a range of industries; that you are in tune with current design trends; that you have therefore accumulated expertise and specialization, while their internal team knows only how to deal with their particular widget. Second, if a client sees design can help them succeed in the market by creating products that their consumers actually prefer. Design is the path out of stagnation toward innovation and new market opportunities.
Thrive through adversity:
creative people know better than most that the mind focuses better as the deadline draws near. Share the fear with you larger team, and allow the group to consider new market needs they can fulfill, ones they might have earlier thought were too infra-dig or beneath their caliber
Build systems and establish processes:
The slack you're enjoying now is actually haven-sent, given how busy you've been over the last decade. Figure out how to improve internal processes so that the company moves like greased lightning when things finally pick up.
Live each day (as if it were your last):
This is hard for any team or person to get right, but most especially for young, lateral-thinking minds, pushing continuously into the future. Even as you pedal harder every hour of your eight hour day, step back and step out during after hours. Spend time with family and take good care of yourself. An economic slowdown is a chance to take a breather, to reconsider your priorities and the creative directions your company should take.
Bidder have to offer a price higher than the two-week formula, which will benefit shareholders. Those who want to exit can do so when the offer is launched while other share holders can choose to stay invested.
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