A business is comprised of 7 elements popularly known as 7M’s. Men, Material, Money, Machines, Methods, Market & Management.
So while learning entrepreneurship, a major step is to understand people because business is nothing but people. And to understand people, first you should know yourself and make yourself “a people’s person”. In this exercise REBT plays a vital role.
What is REBT?
Rational Emotive Behavior Therapy (REBT) is a form of psychotherapy created by Dr. Albert Ellis in the 1950’s
R.E.B.T.: It is based on the premise that whenever we become upset, it is not the events taking place in our lives that upset us. It is the beliefs that we hold that cause us to become depressed, anxious, enraged etc. The idea that our beliefs upset was first articulated by Epictetus around 2000 years ago.
Men are disturbed not by the things but by the views they take of it.
Managing human resources is a very difficult task in managing business entity because you can manage money, things, animals but you can not a person.
You can reject certain act of a person, but you should not reject totality of a person
The Goal of Happiness:
According to Albert Ellis, the vast majority of us want to be happy whether we are alone or with others; we want to get along with others- especially with one or two close friends; we want to be well informed and educated we want a good job with good pay; and we want to enjoy our leisure time.
Of course life doesn’t allow us to have what we want; our goal of being happy is thwarted by the slings and arrows of outrageous fortune. When our goals are goals are blocked we can respond in ways that are healthy and helpful, or we can react in ways that are unhealthy and unhelpful.
Reference: "Ways to REBT" by Dr.Albert Ellis.
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