Thursday, September 11, 2014

DISCOVERING.......... Stranger in Mirror


I have always been a fond of making things full proof..............

What makes me move???? Its my hunger,..............

And what the hunger is for????? Is it MONEY, POWER LUXURY, SELF-ESTEEM or something else????

While analyzing my past careers I found one thing in common..........

The thing for which I get ready to put my whole career on stake...........

Its 'System'

I always tried to notice patterns in events which bring uncertainty in achieving our goal.

1. Biggest uncertainty I thought was in stock market. I lost lot of money when started but finally I discovered (NOT INVENTED) a system to make guaranteed profit (Thanks to MONTE CARLO INTEGRATION). yes I finally got peace here.

2. Then I found there is lot of uncertainty in MIS, I discovered mid-managers are always stressed...... management books have solution on this is making agreements instead of orders. Is it so simple????
Certainly not motivation level drops with time...........
My solution was putting effective MIS for efforts instead of MIS for results accompanied by Continuous Iteration Process(Thanks to Britishers).


Now I have found my next KICK.

ENTREPRENEURS.........

They take risk...........
They take efforts...........
they bear mental stress...........
and the result is...............

80% STARTUPS FAIL IN FIRST THREE YEARS.

Will PARESH be able to make a difference???
Can It be brought down ZERO????

If I will work towards it there are two possibilities. Either Yes Or No.
If I wont there is only possibility..............

 See you in the market





Sunday, July 13, 2014

Do You Have An Entrepreneur's Blood


Business Or Job?

Consider your passions and what you enjoy doing. Many success stories have come from the fact that people pursued their passions and dreams. Think about this- would you be happy working 40+ hours a week on a job that you don’t like or would you rather spend those hours working on something you love doing.

Are You Convinced Enough By Your Idea?

Enthusiasm will be extremely important to the success of your idea. After all, if you do not get excited or generate enthusiasm by thinking of starting your own business or your idea, then how will it be different to your current job? Your enthusiasm will make others sit up and take notice of your idea/business.

Are You Different?

Many people are under the illusion that there are no new ideas out there.  While that is not true, you have to consider the fact that very few businesses are 100% different from others. What you need is an idea that Target Segment cares for and is willing to pay for it.
Look at the Ford Company for example. Cars were being manufactured before, so making cars was not a revolutionary idea. They modified the manufacturing process and reaped huge benefits. The lesson here is - Improving upon an existing business model could be a great strategy.

 If You Never Follow the Idea?

Regretting not following up on your business idea can be as painful as the fear of failure. While this doesn't mean that you should pursue every single idea you have, give yourself a chance to succeed with the one that you truly care about.

Is it Worth Giving Something Else Up?

This is a very subjective question. Each person will look at it differently. Sacrifices may include giving up the perks that come with a corporate job. Since you will have to invest a lot of time in your start-up, this may mean that you would have to sacrifice spending time with family, friends. Starting your own business may also mean that you will have to live on a tightened budget for a while.  You need to look at the potential sacrifices you will have to make. If the list is too long, or you cannot cope with the sacrifices then it may be that you are not ready for entrepreneurship just as yet.

What Have Your Life Experiences Been?

Your past experiences will help determine if you should consider entrepreneurship. If you are unhappy with your current job, or face limited career prospects, then you should consider becoming an entrepreneur.

How Strong is the Feedback?

Feedback is essential to the development of your idea from just a thought to a full-fledged business. Try to see how people react when you present your idea to them. Receiving feedback from discussions with people may mean that your idea has interested them. Developing your idea is an on-going process and if your idea is garnering interest then you are on the right track.

Saturday, May 31, 2014

Diagnosis Of Your Business

Almost every Entrepreneur knows about SWOT analysis, but is analyzing a business so simple 

As a human being Entrepreneur is most of the times emotionally  connected with his enterprise, & it makes the task more difficult.


Sometimes he connects with single department. 

(i.e. 1. If a business person is good sales professional he connects with Sales department and is most of the times unable to facilitate other departments. 
2. If a technical person starts a business he prefers to count on his technical expertise and it makes him ignore other aspects of business)


All these things become hurdle in Analysis of Business

I am trying to help on the same part

SWOT



Using the PRIMO-F model: The model can be used as an agenda for change, where a facilitator works with the management team and between them they score the business and identify areas of action
Typically a tool like the one below is used:

Area
People
Resources
Innovation/ Ideas
Marketing
Operations
Finance
Rate this area on a scale of 1-10
1________10
1________10
1________10
1________10
1________10
1________10

1=oops                                                                                                                                           10=world class
Why this score? Positives
Why this score? Negatives

Development Priority:  1=low – 10=High


Now we will get in to details
Strengths & Weaknesses (Internal Factors)


   

People
           
Resources
    Ideas/

Innovation
Marketing
 

Operations (products services etc
Finance
Strengths









Weaknesses










Opportunity & Threats (External Factors)



Opportunities
Threats
Environmental Factors


Demographics




Economic




Political/legal




Sociological




Environmental




Technology




Cultural




Competitor Factors




Capability




Resources




Ownership




New entrants




Market segments




Products




Prices




Promotion




Distribution




Substitute products




Suppliers customers




Product life cycle




Risk and cost of intellectual property violation of your product







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Saturday, June 2, 2012

Entrepreneur's Diary: MANAGE THEM ALL..........

Entrepreneur's Diary: MANAGE THEM ALL..........: My last article had a little negative odour, Leadership is not a popularity contest. Again my first article says  Y ou can manage money, ...

MANAGE THEM ALL..........


My last article had a little negative odour, Leadership is not a popularity contest. Again my first article says
 You can manage money, things, animals but you can not manage a person.
True leader maintains balanced combination of interactions to preserve joyful atmosphere within the organisation.

There are many Management Styles Which govern how manager interact within the organisation.
1.Autocratic : Management makes decision and tells staff
2.Persuasive :Management makes decision and invites questions
3. Consultative :Management presents problem and asks for suggestions
4.Participative
 :Management presents problem and works with staff to solve.

Developing a management style should be based on many factors
Manager's personality and values,
Staff personality and values,
Tasks and goals
Environmental constraints

According to my observations most of the successful managers have implemented Persuasive Management
 Lets see what it leads to 

A  persuasive styled manager shares some characteristics with that of an autocratic manager. The most important aspect of a persuasive manager is that they maintain control over the entire decision making process. The most prominent difference here is that the persuasive manager will spend more time working with their subordinates in order to try to convince them of the benefits of the decision that have been made. A persuasive manager is more aware of their employees, but it wouldn't be correct to say that the persuasive style of management is more inclusive of employees.
Just as there are occasions where the use of an autocratic style of management would be appropriate, there are also instances where a company will benefit from a persuasive style of management. An example of this being, if a task that needs to be completed but it is slightly complicated it may be necessary to rely upon input from an expert. In such a situation as this, the expert may take to time to explain to others why events are happening in the order in which they will occur, but ultimately the way in which things are done will be that person's responsibility. In those circumstances, they are highly unlikely to delegate any part of the decision making process to those who are lower down in the hierarchy.
Advantages to a persuasive style of management:
1. Decisions are able to be made quickly. This is also true with the autocratic style of management, persuasive managers are able to make decisions very quickly because they don't use a consultation process with employees.
2. The employees will have a clear understanding of what's likely to happen and what their role will be. As all of the decisions are made centrally and the communication is entirely top-down, employees will be able to perform their tasks in an efficient manner.
3. Difficult or tedious situations ae able to be managed effectively. Just as an autocratic manager will be able to navigate through challenging situations, a persuasive manager will be in a position which allows them to steer an organization towards a challenging outcome as well.
Disadvantages to a persuasive style of management:
1. There may not be enough or even an entire lack of support from employees for management. Seeing as how the employees will have no input into the decision making process. They also may not trust the decisions that are made.
2. A system that has no input from employees minimises access to one of the most valuable resources that a business has; the ideas of the people who are working on the "front line". As a result, employees will show no initiative, which can reduce productivity.
3. One-way communication models are unlikely to be effective when compared to Two-way communication.

My style of management is Asian paternalistic 
which can be called as combination of managements according to situations 

Like consultative and easily confused with autocratic and dictatorial; however, decisions take into account the best interests of the employees as well as the business, often more so than interests of the individual manager. Communication is downward. Feedback and questioning authority are absent as respect to superiors and group harmony are central characteristics within the culture. This style demands loyalty from the employees, often more than to societies' rules in general. Staff turnover is discouraged and rare. Worker motivation is the status quo with East Asians often having the world's highest numbers of hours worked per week, due to a sense of family duty with the manager being the father, and staff being obedient children, all striving for harmony, and other related Confucian characteristics. Most aspects of work are done with a highly collectivist orientation. It shares disadvantages with an autocratic style, such as employees becoming dependent on the leader, and related issues with seniority based systems.
An Asian Paternalistic style means that the manager makes decisions from a solid understanding of what is desired and best by both consumers and staff. Managers must appear confident, with all answers, and promote growth with harmony, often even if hiding harmful or sad news is required.

Saturday, May 12, 2012

Friday, May 11, 2012

Leadership is not a popularity contest.


Recently, I was working with my team and I often encourage creative ideas from every member in my team. But this time I had strong belief in what my idea was.
So I thought to be rational this time and took a review from my GURU about ‘the matter’ but later I realised that even he wanted me to implement the same idea ignoring possible losses only to gain faith from my team members now it was my turn so I decided not to go with an advice because I believe in “Leadership is not a popularity contest.”


I see many people doing this same mistake about Leadership. As a leader one has to concentrate on a common goal and sometimes lead to ignoring your team member’s views and taking a certain decision.

 Whereas my GURU says People are more important, I should be concentrating on building a strong relationship with them.
I believe in explaining situations to my team and also taking decision even if thousands are against you because at that time I have explanation on what I did and why I thought it was right. In this kind of situation I can just hope for ‘sometimes later they will understand, I was thinking of their future.’’

 what’s your view on this?