Signs that shows you have a vision…

Standard
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….”

Advertisements

Why Entrepreneurs Fail..?

Standard
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…”