Philosophy of Profit: learning For Entrepreneurs
Business lives on profit. Profit justifies the rationality of existence of a business. What primarily differentiates a business from other social institutions is profit. But how much a business will earn profit is a sort of strategic issue. Company’s vision, market demand, competition, company’s profit orientation, product life cycle, everything contributes here. Smart entrepreneurs fix...
Experimentation with Organizational Strategy: A Matsushita Example
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...
8 factors to be considered before executing an idea
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...
On getting Ideas: Importance of keeping a personal journal/diary
The notion that idea makes money is known to all of us. As Napoleon Hill famously asserts all great fortunes start with a great idea but the universal question remains always same which is “where and how to get ideas? However, the answer to the question is not as elusive as the result. For entrepreneur...
Questions to ask
Asking questions is not a much appreciated issue in our society. Neither we like to answer questions nor we comfortable with asking questions. But asking question, especially, to ourselves is critical to keep us on the right track. When things go wrong, when your expected outcomes are missing, take few minutes to think and dig...
Best read for start-ups: Weekly link pack
In a 1933 letter to his 11-year-old daughter Scottie, F. Scott Fitzgerald produced this poignant and wise list of things to worry, not worry, and think about via Explore Things to worry about: Worry about courage Worry about Cleanliness Worry about efficiency Worry about horsemanship Worry about… Things not to worry about: Don’t worry about...
Culture: Why you sleep late in night, why your relations suffer, why some organizations are more creative than others
Culture is the way we do things around here said M. Jason Martin. And the way you work anywhere is matter because it defines your work, it affects results of your work, and it changes everything that matter. Without exception every organization has its own culture. Even as a person you have your own micro-culture...
Don’t miss a thing: Weekly link pack
“What goes right is more important than what goes wrong.” [....] In case after case, the magic formula is capacity for intimacy combined with persistence, discipline, order and dependability. The men who could be affectionate about people and organized about things had very enjoyable lives. via NY Times, David Brook on The Heart Grows Smart...
Are you watching closely?
Shallowness is becoming notoriously popular. We have started liking shallow books- books that give us cheap pleasure- liking shallow comments and walking shallow paths of life. We merely see things as it is with a bunch of reluctance. And we seldom look at the heart of anything. Seldom dig deep to understand, to know, to...
Best of the web: Weekly link pack
Insight: Doing hard work does not matter anymore, because everyone else can do so, but doing hard work that worth does. We have a ‘thinking’ system and a ‘doing’ system – and we’re generally only capable of using one at a time. Via 99u You’ve set your goals, you commit to success, you’re putting in...
Stay Hungry Stay Foolish
Rasmi Bansal’s Stay Hungry Stay Foolish is a treasure trove of knowledge and inspiration for start-up entrepreneurs. Every line of the book tells story that you can’t ignore. I often revisit pages of the book in search of further jewels or when I feel kind of stumbled. The book is a remix of experiences of...
Contract Farming:Have A Try
Few days ago two of my juniors in University came to me to share their ideas. They raised a wholesome amount of fund. Now they want to invest this fund and they prefer villages and small towns as their target areas. It seems that they want to lend money to the seasonal unemployed persons. As...
