Often we mess up with things that we start. There are apparent causes that take us through the way. Starting up something, anything is a demanding endeavor. But making a project successful takes more toil than starting itself. For each case the struggle is different. In earlier case you have to have psychological strength where...
The idea of psychological pricing tells us that trick works and human brain does have default limitations; though wrong trick played wrongly may backfire sometimes. Monir Buyian in his piece stated that: “an explanation for the rationale of odd/psychological pricing is that people have only a limited capacity for storing information. They store only the...
Sajid Islam is the founder and CEO of Shetu. He has been a leading thinker in the realm of business and IT for over 15 years, having been a principal player in the design, implementation, and maintenance of core, mission-critical, business systems for a diverse body of enterprises, to include: PG&E, USPS, Nikon, CVS, Boston...
Once I went to buy an internet modem with a price tag of Tk 1,399. I paid the shop attendant Tk 1,400 in cash and waited for the change, but he did not give me any. I soon realized that the price kept a little below a round figure was intended to manipulate customers’ psychology...
Organization develops through experimentation. You are so lucky as an entrepreneur if your strategy works at the first time. But it’s a reality that it will not work perfectly as our wish at the first endeavor. Nothing is wrong with that. It will be wrong and suicidal if you are very strict with that defective...
It was early training, said Rockefeller, the fact that I was willing to persevere while giving his reason for success, where Walt Disney credited hard work & imagination for his success. Following one’s passion, said Steve Jobs, is what one must do here. Debbi Millman says-we belittle ourselves in our imagination therefore we become so. Starting-up and making ideas...
The word ‘startup’ has made its way into our consciousness recently. With the rise of tech giants and technopreneurs today, it has become a common word in the industry along with often used terms such as business and companies. However, startups are commonly mistaken for a another concept. While it is no longer a fairly...
Idea makes money-we have heard this assertion many times before. But is it true for all ideas? Can any idea make money? The answer to these questions is a clear no! Consequently, you need to be critical before executing an idea, whether your idea has the same possibility or not to be successful. Success of...
During last FS Talk registration we asked our attendees to submit three questions to our speakers on ‘what it takes to start & make it happen’. We received loads of questions concerning various issues of starting-up and FSTalk speakers answered them from their experience brilliantly. One of the populous questions was ‘how to generate ideas’....
Yesterday, I was in an Adda with some of my friends at Dhaka University Campus. One of my friends introduced a young lad with me. That guy was telling the stories of his failure in doing business. Already He has failed in two projects . Now he is preparing for the 3rd project and searching...
The moment you points finger that someone is wrong you open up a potential ventilator of conflict. It does not help. Everybody has their own view and we should not discrete someone’s view just because we don’t consider them right. The idea of right and wrong burns the bridge to reach at an agreement. Tagging...
Recently I chanced upon to revisit Tim Sanders’s brilliant book ‘Love is the killer app’ published back in 2002. The book is a poignant account to set your attitude to be more knowledgeable, compassionate and caring. The central and most powerful idea of the book tells that to win & sustain in this new era...
