Tuesday, 21 October 2014
15 Reasons why you should STOP bursting crackers this DIWALI
9. Underage kids make crackers
10. People get injured
Sunday, 19 October 2014
Awakening!
HOW TO BAKE AN ENTREPRENEUR -First take one Intrapreneur
I've come to find the term 'Belonger' amazingly powerful. When a nation embraces its own as 'belonging here', as opposed to just living there, it breeds a wholly different form of loyalty. It reminds us that this is where we belong, and so, our efforts are not just on our behalf, but also to benefit to the community.
This set my mind to wondering how such little, seemingly semantic details apply to the business world: what if companies had belongers rather than employees? Does what we call each other make a difference in other contexts?
Over the years I've been called a lot of things, many of which are not fit to repeat here! The handle I get most often these days is 'entrepreneur'. I remember having to look the word up in the dictionary when I read an article about a 'budding entrepreneur'. At the time it sounded pretty cool- 'a person who initiates and organizes new commercial enterprise, usually involving considerably risk', according to my dictionary.
These days all kind of people claim the title 'entrepreneur'. On the other hand, a title that hasn't received nearly the amount of attention it deserves is entrepreneur's little brother, 'intrapreneur': an employee who is given freedom and financial support to create new products, services and systems, who does not have to follow the company's usual routines or protocols'.
While it's true that every company needs an entrepreneur to get it under way, healthy, innovative growth requires a smattering of intrapreneurs who drive new projects and explore new and unexpected directions for business development.
One example that springs to my mind was at Sanghvi Ispat Industries, about 3 years ago. One of our iron cutting machine broke out, the estimated time to replace was about 10 days, but our new young manager, volunteered to fix it. We set him loose, and the within a span of 3 days he fixed it with an 'outside the box' creativity. How to unleash the power of intrapreneurs like him? The key is to enable them to pursue their vision.
But people don't always think of leaders within a company - the managers, the executive and the CEO as people who enable others. As I learned back, 'The CEO of a major corporation might only make a couple of decisions a year, but those decisions can affect the lives of million'. What a terrible way to run a company!
So since this seems to be true throughout the business world, clearly it's time for a major shake-up in the nomenclature of business. What if CEO stood for 'chief enabling officer'? What if CEO's primary role were to nurture a breed of intrapreneurs who would grow into tomorrow's entrepreneurs?
Perhaps the greatest thing about this form of enabled intrapreneurship is that often everyone becomes so immersed in what they're doing that they feel like they own their companies. They don't feel like employees working for someone else, they feel much more like... well, I think the only word to describe it is 'belongers'.
Saturday, 18 October 2014
THE PERFECT PITCH- 'Have a Plan- Need money!'
1. What's in for them?
Occasionally, an entrepreneur hoping to launch their first business puts so much thought into the concept that he or she neglects the financial and legal plan - and unfortunately, this often becomes apparent early in a meeting, when an investor can lack clarity in what exactly the proposed deal is going to look like.
Before you set up any meetings, gather your team and decide on your foals for your business and how much capital you need to inject to achieve them.
Will you accept money in exchange for a stake in the business, or does it make more sense to take out loan? What conditions are you willing to have tied to those investments? How much in terms of shares of the company or of its future profits would you be willing to give up in return for start-up financing? Your potential financiers will likely ask these question, so be ready to give clear, well reasoned answers.
And as you prepare your presentation, remember that your future backers will want to know how soon they can expect to see a return on their investment as well as possible 'exit strategies'.
2. Be concrete
Winning the trust of an investor means demonstrating a thorough knowledge of your concept or industry and laying out your step-by-step plan for offering something that's new, innovating and will deliver healthy returns on their investment aka 'ROI'.
Explain how you will turn your great idea into a terrific service or lay out your manufacturing plans in detail. Demonstrate how your approach will provide this for less than people are willing to pay, therefore covering your costs and turning profits.
Look them in the eye and inject lots of positive language like, 'we will deliver' and avoid whisy-washy phrases like, 'it is hopes that', 'this should be the luck' or 'could well result in'.
3. Be unapologetically disruptive
Emphatically explain how your new company will give your customers a better deal than your competitors. And if you think you don't have any competitors, think again. If there is true potential for your concept then you can count on someone else rapidly jumping in to try and exploit the same opportunity.
If a bank or other investor is looking at your business they have almost certainly looked at your competitors as well. In your presentation, therefore, it's imperative that you understand your competition and irreverently explain why your business will do better. Blow them away! Avoid being overly negative. At best, you will seem humourless and self-important, and at worst, like you don't take your competitors seriously enough.
4. Prove that growth is sustainable
There will forever be new markets and new sectors emerging as things change and old business reach the end of their life-spans. Nothing stays the same for long, so explain how you plan to tackle the inevitable technological changes and market shifts that are heading your way.
Infinite growth may be impossible in a world of finite resources: so discuss your challenges in terms of resources and waste, and present a plan that inspires confidence in your new venture's ability to sustain the community and the environment.
5. Demonstrate bench strength
Do you have the team in place to take your business forward for the next decade, and do their CV's suggest that they'll be up to the job? Show prospective investors that you have founded the right people to work at your new company. Your backers will want to know their money will be in good hands. You also need to show that you have someone on the team who can take over from you the day you decide to move on to your next brave new venture.
The gloom about the global economy means your competitors may be scrambling to hold onto their customers. This is a great time to offer innovative approach. There are investors and banks that realise this and, if pitched the right way, are still willing to take risks.
So be assertive, keep your pitch confident, concise and clear and you may soon be seeing that unforgettable first investment cheque. Good luck!
Friday, 17 October 2014
BE A LEADER NOT A BOSS
Not surprisingly this carried forward into classrooms and workplaces where teachers and bosses simply replaced the parent as authority figures whose word was law. Even I grew up in a household where healthy debate was certainly seen once in a blue-moon.
Once one of my school teacher said I was never destined to be anything than my owns boss. It was offensive for me. Perhaps, therefore, it is odd that if there is any one phrase that is guaranteed to set me off it's when someone says to me, "Okay, fine. You're the boss". What irks me is that in 90 per cent of such instances what that person is really saying is 'Okay, then, I don't agree with you but I'll roll over and do it because you're telling me to. But if it doesn't work out I'll be the first to remind everyone that it wasn't my idea.'
I compared it to today's business world and I see a classic image of 'the boss' as a total anachronism. It may work in certain connotations like 'organised crime boss', 'union boss' or 'pit boss', but being bossy in itself is not an attribute that I have ever seen as desirable in a manager or anyone else for the matter.
Some might say this is only a matter of semantics, but I truly believe that forward thinking workplaces benefit from a pronounced absence of traditional hierarchical labeling systems. Much of it starts with the image of 'the guy in the corner' office, something that is perpetuated throughout much of the corporate world by bricks and mortar.
I always wanted to create a healthy environment with the employees be it at Sanghvi Ispat or my own online venture Fylis. I personally believe in avoiding the glass and concrete headquarters where the bosses lodged in upper level corner office. I'd prefer working from a house, hammock or even pool clubs rather than those high-octane headquarters. A business owner's major part of life is spent in offices so why can't it be fun?
I have long been a big fan of open-plan offices with lots of communal brainstorming spaces, lounges, play areas, pool tables and kitchen areas where co-workers naturally come together and chew fat. Office walls, doors, desks and counters are nothing but barriers to communication.
But back to the trouble with 'the boss': the old militaristic image of the general bossing his troops from far behind the front line, as opposed to leading them into battle, is not that different from the way many companies are running today. Make no mistake: a leader is a very different animal from a boss.
If you aren't frequently out there in the front line, leading the charge in lockstep with your employees, you simply cannot stay in touch with the realities of your business. Sitting in the boardroom listening to even the most comprehensive reports from the front can never compare with being there to see it and hear it first hand.
One of my favorite latin word is 'educere'. I remember being greatly surprised to learn that the root of the word 'education' actually means 'to lead forth'. Until that moment I had thought of education as 'cramming in' but in reality it is supposed to be about 'leading out'. While a bad school teacher, like a bad boss, will indeed teach or manage by cramming their opinions into their charges, a good educator or corporate leader will do the opposite and draw opinions and ideas out of their students and associates.
So next time someone says to you, 'Okay, you're the boss' as they head for your office door, stop them in their tracks with 'Not really, we're all in this together. So come back here and tell me what you'd be doing with this if you were in my place?' Better still, next time go and visit them in their office or sit down with them in the canteen and week out their opinions on how things are going. Good examples of leadership can be infectious.
Perhaps the new corporate mantra should be 'bosses should be seen and not heard'.
Wednesday, 15 October 2014
5 Helpful Things To Do When You Think Life Sucks
“It isn’t what happens to us that causes us to suffer; it’s what we say to ourselves about what happens.” ~Pema Chodron
You know that foreboding fear we all have—that something will go terribly wrong and life will never be the same again?
Well, I always wanted to be an Entrepreneur and my parents wanted me to be an Engineering Graduate. A couple of months back I was admitted to one of those college. I tried to convince them but nothing was going in the way I wanted it to go. Then one day they blamed me for smoking a cigar, gambling etc, well that was just because I took some bad decisions while making friends. I tortured myself with fear that why was this happening to me?
I was frustrated, depressed and I even thought of running away. I couldn't help thinking that 'Right now My life sucks'.
And this wasn't the first time I'd thought that.
A few years back, I'd felt much worse when my life had no goal!
And before that when my best-friend was lost to insomnia and depression and wouldn't take any calls.
And when my high school result wouldn't be satisfying.
And a million more times.
Every single one of us has these moments. It’s just the way life is. It’s what we do in those moments that matters.
For the better part of my life, I've felt flustered and incapable of handling these moments. Over time, I feel like I've figured out a few things that I can start doing to bounce back.
I'm sharing these with the hope that some of you will find them as useful as I do,
1) REPLACE ""WHY ME?"" with ""WHAT NEXT?""
Its natural; when things go wrong, one of the first thought is likely to be; "why me?"
Here’s the thing though—“Why me?” is a weakening phrase. It only serves to increase our feeling of victimhood and makes us feel incapable of dealing with the situation.
By intentionally catching ourselves thinking “Why me?” and replacing it with “What next?” we not only gain back a feeling of control, but also figure out what we can actually do.
Rather than screaming, 'Why me? Can I please catch a break?' I'd try convincing myself to face it off.
2) Force yourself to practice Gratitude.
Rhonda Byrne the author of the famous book The Secret published one of its sister books The Magic. The first chapter of that book was to count your blessings.
Well, it is hard to feel grateful when you are dealt a blow—no matter how big or small it is.
I was devastated when the people I care the most were blaming me for things I hadn't. Every time I was asked whether I was a smoker. I'd thank I was lucky enough as it was just about smoking not dealing with drugs. I practically forced myself to practice gratitude.
3) Quit Blaming.
When you’re hurt, it is equally natural to look for someone to blame.
In my case, I was tempted to blame myself, my friends, God, parents, and so on.
But blame only serves to prolong the hurt. It makes it harder to let things go. It makes us angry and corrodes us from the inside. It brings negativity into our life.
So just stop.
If something is meant to be, it will happen. That’s it. Deal with it and move on.
4) Don't give in to Fear and Despair.
This is a tough one. It’s so much easier to just give in and surrender to the fear and grief. But we need to stand tall—even when we feel two feet too short.
It was very hard for me to mask my worries from my friends and family and project confidence. But I’m so glad I did.
Back then, for a while, I’d actually started to wonder if something was wrong. The foreboding fear that was my constant companion kept telling me that something bad was going on.
But slowly, fear gained from my projected confidence and grew more confident herself. And got back to its business.
And my worries started to fizzle.
When it comes to fear and despair, you have to fake it till you make it. And, sooner or later, you will make it.
5) Never give up.
No matter where you’re at or what you’re going through, don’t give up. Try just one more thing; maybe it’s just the thing that will resolve it for you.
It ain’t over, until it’s over.
Tuesday, 14 October 2014
DREAM
Period,




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