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

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.

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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