Signs that shows you have a vision…

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From: My Experience

Vision, most of the people think that it is just a statement that colorize the profile of their organization, but is that right..? Not at all. A vision stands for the reason for the existence of an organization or a vision makes the organization unique and focused in their growth.

Ultimately the vision of the entrepreneur drives the organization or the vision of the organization is same as the vision of the entrepreneur. It is very evident that most of the businesses were failed only because lack of vision about their end objective. So before jumping into any business, the entrepreneur should develop a vision and should make sure that the vision is the common goal of the team.

The following are the key signs that shows you have a vision…

1- You never find time to sleep: – People with a great vision will never have time to sleep for long hours until he meets his goal or vision. Just go through our own life, we can see that we have enough time to sleep while travelling, after our heavy lunch etc because we really don’t have a vision. Once John Sculley, Apple’s ex-CEO said about Steve Jobs “He was a person of huge vision and I don’t see any change in Steve’s first principles — except he’s gotten better and better at it..” that means visionaries will never change their vision for anything…

2- You try to get expertise in your competent area: – People with a vision will always find time to tune their skills in one special area or they are highly focused in a special area where they can shine. No any entrepreneurs can start their business with a focus on many areas, so getting expertise in a special area will help you to reach your vision easily. Like Mark Zuckerberg, Bill Gates or any successful business people you can develop your unique identity.

3-You will never skip your values even in a tough situation:- When people with great vision face challenges, they will never let down their will power and will hold their values to their heart. No matter what happens, if you have a strong vision, you will keep your values because values let you to reach your vision. Like Thomas Edison.

4- You get excited in your small victories: – Small victories can help you to boost your confidence and will take you to your vision easily, people who got a vision would have milestones in their mind and when they achieve success in one milestone, they get excited that they are moving in the right path. Likewise, if you have a vision you will find happiness in even small success.

5- You dream a lot and your dreams will get updated:- If you dream the same thing for the past 5 years, then it is the symbol of you don’t have a vision. A visionary’s dream will get updated within a specified duration of time because they are moving with their time bounded goal and dream. If you dream the same thing for the past many years, you may have a vision but you are not realizing it.

6- You will enjoy what you do: – If you are passionate in your work, you will be enjoying it or you will be just doing it for a sake. People who have vision will be taking it as a passion rather than just a job and when you work, you may even forget to look at your watch. So without passion and vision you will not enjoy what you do and you will feel challenges rather than opportunities.

7- You know the meaning of your life: – It is the very simplest sign of a person with a vision in their life. He can easily express the aim of his life and living, ask this question to yourself, if you have a crystal clear answer and that is SMART then you are a person with a VISION and this is the right time to go for it…

 “Your future begins with your vision….”

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Building A Successful Organization: The fundamental Stages

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From: My Consulting Experience

The stages in forming a successful organization can be compared to a construction of a strong building with strong foundation, hard pillars and safe roof. Like the same, an organization must have the following three major stages which consist of combinations of many elements:-

1. The foundation: –The basic elements that make a clear and strong foundation which can take any kind of pressure and expansion or change in the organization.

2. The Pillars: – The elements that support the growth, sustainability and the security of the organization.

3. The Roof: – The combination of elements that ensure the completion of the organization and its objectives.

  1. The Foundation Elements

a. Vision: – This is the most basic and crucial element that defines the reason for building the organization or vision explains the reason for the existence of the organization, without vision it will be like constructing a building without defining the purpose that the building is going to meet.

b. Solution: – The second most elements is the solution; which means what the organization is going to provide, or what issue the business will address. All the business should provide a solution to its customer, then only the business can sustain in the market, also remember that no any issue is going to be unsolved till the end.

c. Accessibility: – This area is to identify the real beneficiaries of the organization, entrepreneur should identify the place where the business should take off and it should be accessible by all the customers who need it. There is no point in starting a business where entrepreneur doesn’t know the real beneficiaries of the solution.

d. Value: – The solution that is going to provided by the business should have a value in the industry or among the customers. The value should be unique and clear to the customers then only they will understand the difference between your company and the competitors.

  1. The Pillars

a. Structure:- Structure is called as the organizational communication and information flow chart. This will clearly define who is who and where the decision making happens. A well defined organization will never give a chance for conflicts or role ambiguity and it will results in a stage where the organization receives the desired output from all levels. Key Result Area lies in the structure so there can be three levels; visionary, strategic and executive level, without these levels, no organizations run effectively.

b. Process:- A defined process flow will give a standard output for the organization, this will ensure the quality in the output even though there is frequent changes in the manpower or designation.

c. System: – A systematic organization gives a stable output in quantitative and qualitative level. This will help the top management to make the decision making faster and effective, a systematic organization can foresee what is going to happen next.

3. The Roof Elements

a. Growth Strategy: – Most of the companies face the same issue when they reach a steady level of growth, they don’t see the way to expand or diversify their business. When a business is focusing on a single service or a product, they will reach a time where there is no more growth, so the organization should have a clear plan about its growth in the industry otherwise the product or service will get obsolete. So for a healthy and long term existence, the organization should have long term and short term plans.

b. Exit Strategy: – This is also something very important; a company with a good exit strategy can keep its goodwill and the liquidity. It’s a strategy of the visionary or the entrepreneur to choose the exit strategy, many of the entrepreneurs prefer to keep the brand name as their surname, others let the company grow and later they sell it for a better value.

Make an organization which speaks about itself with pride…

Why Entrepreneurs Fail..?

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From: My Own

2014 – 15 a new business year for all entrepreneurs, so before planning for the next year let’s have a small review about why most of the budding and growing entrepreneurs fail in their business. This article is just to reshape our views and vision about the business that we run today and the businesses that we are going to  start in future.

We can see, most of the billionaires were started their business from a scratch and now they are enjoying the value of their brand and they are growing and growing, at the same time there are entrepreneurs who are burning out because of loss and frustration in the business.

So why entrepreneurs fail even though they invest their time and effort in their business..? 

1. Survival Driven- (Trying to make money before creating value):- This is one of the most difference between successful and failed entrepreneurs. Successful entrepreneurs always give importance on creating value than making immediate profit.

Wealth is a result of consistently providing solutions to the problems of humanity. If you doubt me, go ask Bill Gates, Warren Buffet, Mark Zuckerberg and the likes. These are people who simply followed their passion (purpose driven) rather than following money (survival driven) and yet made a great fortune. (from Mr. Philip)

2. Lack of Business IQ (No proper planning and preparation):- The quest for making a business sometimes results in learning zero knowledge about the industry and the business. To grow a business the businessmen should learn day by day about the changing trends in the industry, people and the style.

I would tell an example: In a motivational training class, a man asked to the speaker “My industry is filled with bargaining customers and I could make only very minimum profit. So how can I make a better business..? The speaker told him you made a better profit in the beginning of your business but you were blind in analyzing the changes in the industry, you could have started a diversification when you felt the changes in the industry.” (Thanks to one of my clients).

This is sometimes happening, getting knowledge will help you to take right decision at right time. 

3. Lack of focus (Wandering here and there): – This is the another difference, successful business people would have a focus and they invest their time and effort to nurture that special area. Take an example of Bill Gates, Mark Zuckerberg  etc all those people have the focus.

“genius is the ability to focus on one particular thing for a long time without losing concentration.”

So when you start or run a business, try to focus on the area where you can excel and never go for a randomized business before you got a clear path.

4. Risk Averse (Fear of Failure) : – This is one of the most challenging thing. Successful business people are ready to take challenges, they see opportunities in every risk and challenges, and that is why they are remembered and successful. But failed entrepreneurs lack this quality

If you are passionate in doing business, you never mind you challenges, risk or anything, you will do it. So have a passion about your business. You can be free from risk averse by improving your business knowledge, passion and focus also by concentrating on the end result. 

5. Poor Money Management (Extravagance) : – Manage your money, never let the money to manage you. Successful entrepreneurs are good in money management, they know where to invest and when to harvest their investment, like Warren Buffet’s words “Never invest in a business you can’t understand.” 

Always remember that there are ups and downs, you should be prepared to meet the unexpected.

6I can do well all by myself (Insecurity) : There is a limit to what an individual can achieve alone, thus the need for team work. Successful people know what to hold and what to delegate, so entrepreneurs should encourage team work and you should act as a leader and a guide.

“Together Towards Success…” follow the line literally, you will enjoy the happiness and success.

So, you must get rid of any insecurity and every scarcity mentality you might have that someone is going to beat you to it. There are many things that are unknown to you, so you should seek help from your team, may be from outside consultants etc, this is how business grows. 

7. Lack of Vision (The shortsightedness) : – “Vision is the reason for your existence”, never start or run a business without vision or with shortsightedness, the business will sink somewhere. The businessmen should be clear about his path and the end result, then only the business can move forward.

So, it is the high time that you need to have a vision for your business and life and let the vision shows the value that you are going to provide.

“Let the business speaks about you rather than you speak about the business…”

 

The 16 Personality Types: The Real One In You

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High-Level Description of the Sixteen Personality Types

From Web:

Do a free personality test by clicking here and it will guide you to know about the personality profile of you…

ISTJ – The Duty Fulfiller

Serious and quiet, interested in security and peaceful living. Extremely thorough, responsible, and dependable. Well-developed powers of concentration. Usually interested in supporting and promoting traditions and establishments. Well-organized and hard working, they work steadily towards identified goals. They can usually accomplish any task once they have set their mind to it.

Click here for a detailed description of ISTJ.

ISTP – The Mechanic

Quiet and reserved, interested in how and why things work. Excellent skills with mechanical things. Risk-takers who they live for the moment. Usually interested in and talented at extreme sports. Uncomplicated in their desires. Loyal to their peers and to their internal value systems, but not overly concerned with respecting laws and rules if they get in the way of getting something done. Detached and analytical, they excel at finding solutions to practical problems.

Click here for a detailed description of ISTP.

ISFJ – The Nurturer

Quiet, kind, and conscientious. Can be depended on to follow through. Usually puts the needs of others above their own needs. Stable and practical, they value security and traditions. Well-developed sense of space and function. Rich inner world of observations about people. Extremely perceptive of other’s feelings. Interested in serving others.

Click here for a detailed description of ISFJ.

ISFP – The Artist

Quiet, serious, sensitive and kind. Do not like conflict, and not likely to do things which may generate conflict. Loyal and faithful. Extremely well-developed senses, and aesthetic appreciation for beauty. Not interested in leading or controlling others. Flexible and open-minded. Likely to be original and creative. Enjoy the present moment.

Click here for a detailed description of ISFP.

INFJ – The Protector

Quietly forceful, original, and sensitive. Tend to stick to things until they are done. Extremely intuitive about people, and concerned for their feelings. Well-developed value systems which they strictly adhere to. Well-respected for their perserverence in doing the right thing. Likely to be individualistic, rather than leading or following.

Click here for a detailed description of INFJ.

INFP – The Idealist

Quiet, reflective, and idealistic. Interested in serving humanity. Well-developed value system, which they strive to live in accordance with. Extremely loyal. Adaptable and laid-back unless a strongly-held value is threatened. Usually talented writers. Mentally quick, and able to see possibilities. Interested in understanding and helping people.

Click here for a detailed description of INFP.

INTJ – The Scientist

Independent, original, analytical, and determined. Have an exceptional ability to turn theories into solid plans of action. Highly value knowledge, competence, and structure. Driven to derive meaning from their visions. Long-range thinkers. Have very high standards for their performance, and the performance of others. Natural leaders, but will follow if they trust existing leaders.

Click here for a detailed description of INTJ.

INTP – The Thinker

Logical, original, creative thinkers. Can become very excited about theories and ideas. Exceptionally capable and driven to turn theories into clear understandings. Highly value knowledge, competence and logic. Quiet and reserved, hard to get to know well. Individualistic, having no interest in leading or following others.

Click here for a detailed description of INTP.

ESTP – The Doer

Friendly, adaptable, action-oriented. “Doers” who are focused on immediate results. Living in the here-and-now, they’re risk-takers who live fast-paced lifestyles. Impatient with long explanations. Extremely loyal to their peers, but not usually respectful of laws and rules if they get in the way of getting things done. Great people skills.

Click here for a detailed description of ESTP.

ESTJ – The Guardian

Practical, traditional, and organized. Likely to be athletic. Not interested in theory or abstraction unless they see the practical application. Have clear visions of the way things should be. Loyal and hard-working. Like to be in charge. Exceptionally capable in organizing and running activities. “Good citizens” who value security and peaceful living.

Click here for a detailed description of ESTJ.

ESFP – The Performer

People-oriented and fun-loving, they make things more fun for others by their enjoyment. Living for the moment, they love new experiences. They dislike theory and impersonal analysis. Interested in serving others. Likely to be the center of attention in social situations. Well-developed common sense and practical ability.

Click here for a detailed description of ESFP.

ESFJ – The Caregiver

Warm-hearted, popular, and conscientious. Tend to put the needs of others over their own needs. Feel strong sense of responsibility and duty. Value traditions and security. Interested in serving others. Need positive reinforcement to feel good about themselves. Well-developed sense of space and function.

Click here for a detailed description of ESFJ.

ENFP – The Inspirer

Enthusiastic, idealistic, and creative. Able to do almost anything that interests them. Great people skills. Need to live life in accordance with their inner values. Excited by new ideas, but bored with details. Open-minded and flexible, with a broad range of interests and abilities.

Click here for a detailed description of ENFP.

ENFJ – The Giver

Popular and sensitive, with outstanding people skills. Externally focused, with real concern for how others think and feel. Usually dislike being alone. They see everything from the human angle, and dislike impersonal analysis. Very effective at managing people issues, and leading group discussions. Interested in serving others, and probably place the needs of others over their own needs.

Click here for a detailed description of ENFJ.

ENTP – The Visionary

Creative, resourceful, and intellectually quick. Good at a broad range of things. Enjoy debating issues, and may be into “one-up-manship”. They get very excited about new ideas and projects, but may neglect the more routine aspects of life. Generally outspoken and assertive. They enjoy people and are stimulating company. Excellent ability to understand concepts and apply logic to find solutions.

Click here for a detailed description of ENTP.

ENTJ – The Executive

Assertive and outspoken – they are driven to lead. Excellent ability to understand difficult organizational problems and create solid solutions. Intelligent and well-informed, they usually excel at public speaking. They value knowledge and competence, and usually have little patience with inefficiency or disorganization.

Click here for a detailed description of ENTJ.

The One and the Only One Reason for Your Failure- “The Early Exit Strategy..”

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From: My Own

There is a quote from Nina Sakura that is “Things can always get worse, but only quitters quit!”;  this quote is really powerful and shows that there will be tough times when you try to achieve something that you like the most, and that is the rule.

I am talking about the personal, professional and business life of people and the key reason why they are failure when try to achieve something in their life.

The only one reason is “The Exit Strategy Without Vision”; it is because including me, people look for an exit strategy (how to quit) before they face challenges in their life, so there will always be a tendency to quit from the path even when there is a smallest challenge.

So what is Exit Strategy..?

Exit strategy is a method or practice in which an entrepreneur gets out from his investment, a person who quit from his/her mission before achieving it (if don’t have a vision). If the people have a clear vision about their life, the exit strategy might help them otherwise there is nothing other than a pile of efforts.

Why you should not think about an exit strategy in the beginning?

It is always better to think about an exit strategy only after you achieve your objectives other wise when you face challenges you will be forced to take your exit strategy and you will get back from your path and finally you will be counting the efforts rather than than the results.

Yes, there are people who took exit strategy and became very successful in making wealth and brand name. The only one reason is that they have got a clear vision on their end goal and objective.

So is an exit strategy bad in personal, professional and business life..?

It is clear that if the time is good and the vision is clear then exit strategy can bring you to the top of success. For example there are people their vision is to make wealth out of their business, so they would try hard to make the business and their exit strategy would be ‘create a great company and sell it for wealth..’ so their exit strategy is absolutely true. Likewise always have a vision before you take your exit  strategy.

In all aspects like your personal and professional life it is important when you take an exit strategy. Do things as like you don’t have any other options (exit strategy) then you will put your maximum effort and finally you will reach your goal.

Die With No Regrets: Follow These 43 Life Lessons

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If you want to live a personal and professional life with no regrets, follow these 43 life lessons, penned by H. Jackson Brown.

Aspire

1. Never give up when you truly believe. The person with big dreams is more powerful than the one with all the facts – the smartest person in the room seldom beats the one with the most passion.

2. Believe in love at first sight – be open to instant infatuation with respect to both people and business ideas.

3. Never laugh at anyone’s dreams – no one has the right to opine upon someone else’s desired future because no one can attest to the validity of an unrealized dream.

4. Find a job you like and you add five days to every week – I often tell my children), “I never worked at day at my startups because we were having too much fun.” Admittedly, not every day was a carnival, but I certainly enjoyed the majority of my startup workdays.

5. Every so often, let your spirit of adventure triumph over your good sense – good judgment arises from mistakes, mistakes arise from bad judgment. Thus, a bit of occasional bad judgment is good for you.

6. Great love and great achievements involve great risk – nothing ventured, nothing gained. Go venture.

7. Never let the odds keep you from pursuing what you know in your heart you were meant to do – entrepreneurs never calculate probabilities, even if the chances are one in a million, “one” is all you need to win.

8. Never deprive anyone (including yourself) of hope, it might be all they have.

Be Nice

9. Be the first to say, “Hello” – always set a friendly tone with a warm smile, a hearty handshake and a robust greeting.

11. Be kinder than necessary – there is an infinite supply of kindness, so don’t fear depleting it.

12. Give people a second chance, but not a third – be nice, but not stupid.

13. Be tough minded but tenderhearted – hold people accountable, but consider uncontrollable factors that impact someone’s performance.

14. Every so often, push your luck – push your luck slowly and deliberately, but be ready to quickly pull back, as you often won’t know you have pushed your luck too far, until after the fact.

15. Win without boasting, lose without excuses – internalize your failures and externalize your victories.

16. When lending people money, be sure their character exceeds their collateral – honesty matters, both yours and those with whom you associate.

17. It’s not your job to get people to like you, it’s your job to like people – you can only control your own actions and feelings, don’t try to control those of others.

18. Never resist a generous impulse – if you hesitate, you’ll quickly rationalize a dozen reasons to act charitably… later. Unfortunately, “later” rarely arrives.

19. Fight fairly. Give generously. Laugh loudly. Love deeply.

Lead

20. Become someone’s hero – when someone asks you to be their mentor, smile and say, “I would be honored.”

21. Do your homework and know your facts, but remember it’s passion that persuades – history if filled with passionate leaders, I know of none that were unemotional.

22. Ask someone you’d like to know to list five people they would most like to meet. It will tell you a lot about them – consider using this as an interviewing technique, you might be surprised by your candidates’ responses.

23. The shortest way to get anywhere is to have good company – one of the reasons I enjoyed my startups so much is that I had the pleasure of working with fantastic teams comprised of smart, dedicated and kind people.

24. Share your knowledge and you become immortal – mentoring matters, convey your insights freely to those who seek them.

25. Everyone wear an invisible sign that reads “Notice me. Make me feel important.” – ask people questions about their passions and achievements, almost no one can resist this temptation to talk about themselves.

26. Hire people more for their judgment than for their talents – forget resumes and hire based on attitude and aptitude.

27. When there’s a piano to be moved, don’t reach for the stool – lead by example, never ask someone to do a task you would not do yourself.

28. Once a month, go to lunch with someone who knows more about your business than you do – you are never too old, too smart or too successful to be a protégé.

29. Celebrate even small victories – create a culture of celebration by publically praising achievements that would otherwise not be visible to your team.

30. Plant more flowers than you pick

Succeed

31. Learn to listen. Opportunity sometimes knocks very softly – everyone experiences several “big breaks” during their careers. Unfortunately, most people fail to recognize them when they occur.

32. Strive for excellence, not perfection – activity beats contemplation seven days a week.

33. Judge your success by the degree you are enjoying your peace, health and love – nurture all three of these treasures to the point of abundance.

34. Judge your success by what you had to give up to get it – as noted above, not even the entire world is ample payment for your soul. 

35. Remember that winners do what losers don’t want to do – outwork your competition and you will likely win.

36. Grind it out. Hanging on just one second longer than your competition makes you the winner – outlast your competition, survival is often what separates the winners from the losers.

37. Take care of your reputation. It’s your most valuable asset – honesty is a serial entrepreneurs most potent weapon.

38. Watch for big problems. They disguise big opportunities – great entrepreneurs turn challenges into breakthrough innovations. Embrace problems, never flee from them.

39. Earn your success based on service to others, not at the expense of others

Be Happy

40. Happiness is not based on possessions, power or prestige, but on relationships with people you love and respect – if you doubt this wisdom, consider all the rich, powerful and famous people who are miserable.

41. After you’ve work hard to get what you want, take the time to enjoy it – in Startup Life, Brad Feld advises entrepreneurs to spend 10% of the proceeds of a financial windfall on something frivolous. What’s the point of accumulating capital if you never derive pleasure from it?

42. Don’t think you can relax yourself to happiness. Happiness comes as a result of doing – as David Pink has noted, most people are motivated by mastery, autonomy and purpose. These needs are heightened with inactivity, which is why most happily retired people have active lives.

43. Be happy with what you have while working for what you want….