Here’s To The Crazy Ones
August 1, 2012 Leave a comment
Use your a.m. to aim you happily into your day…
August 1, 2012 2 Comments
Here’s a small tip that works for me.During the previous evening,or just before drifting off to sleep in the night,or first thing in the morning,think up of no more than 3 important things to do.Preferably think of only 1 thing to do so that you can really focus and train all your resources on achieving this goal.If you have more than 1 goal rank them 1,2&3Remember this grid: https://wealthymatters.com/2012/07/18/putting-first-things-first/.Then think of discrete actions you need to accomplish.Then do them first.No phone calls,no mails,to talking to people unless that is your goal for the day,etc.The idea is to tackle at least one important thing when mind and body are fresh and you can’t use fatigue as an excuse.Busy Work takes up all the time available to it,so by restricting the time available to it you won’t let busyness take over your life.
Remember thinking repeatedly of doing something ,obsessing,worrying takes the same mental energy and time as a actually doing it.Do do don’t waste time and energy!You will enjoy the relief from tension and sense of accomplishment of having done something you think important.
I have heard and often repeated that the first hour is the rudder of your day. Make the most of it!!!
via Use your a.m. to aim you happily into your day….
What Comes First – Reputation Or Profits?
July 31, 2012 Leave a comment
“If you go to most family owned companies, their core focus is profitability. How much and how soon? Little time or money is spent in building a reputation. When I visit many of the big India business group offices in India, I rarely see a poster in the visitor’s area that communicates:
What are their business practices?
What do they stand for?
What are their values?
What are their views on treating their employees?
In most Tata Companies, I see that Value Statement at eye level while sitting on the sofa at the reception. It makes me feel nice.
By not aggressively creating a positive reputation, Companies stand the risk of being determined by legacy and hearsay. That’s a big risk that can cost you your business. Read more of this post
Alok Kejriwal On the Importance Of Branding
July 31, 2012 4 Comments
“Sam (Sam Balsara of Madison Media) was invited by a Mega Marwari Corporation (MMC) for a chat to help create a Salt Brand. Sam was asked by the grey haired senior executive, ‘how much money would it cost to build India’s greatest salt brand?’ Sam thought for a moment and said ‘Say 20-30 crores (4-6 million US$) in media spends. Assuming your product is great, that should take you to the top’. Mr. Grey Hair heard this and almost fell off his chair…
He said ‘Sam – with that money, I can build 5 more Salt factories!’. Sam pointed in the direction across the street and said ‘Mr. Grey Hair – the folks just opposite your office created Tata Salt. Today, every salt factory in the country goes to them to supply them unbranded salt. The one solo Tata Salt brand is more valuable that 100 plain factories put together. Adding 5 more factories to your collection will not do anything for you’. Mr. Grey Hair looked perplexed. Read more of this post
Alok Kejriwal On Marwari Business Traits
July 30, 2012 4 Comments
The Marwaris are so successful at business,so it makes sense to learn from them.In the article below Alok Kejriwal of contests2win.com writes about what he learnt from his family business.
The Seven Subjects I learnt at Marwari Business School (MBS)
On the last day of my ICSE exam (10th standard finals), my Nani (Grand mother) offered me a free seat into the Marwari Business School. I was 16 and I had the opportunity to go and sit in my Nana’s (Grand father) office.
I took up the offer.
These are the seven subjects I learnt:
M = Monetization Mentality
Monetization above everything else!
For Marwari’s, money pretty much means everything. It’s the ‘currency’ of success – pun intended. People are sized and measured not by their waist sizes but by the width of their balance sheet. A Marwari’s religion is making money and they meditate on it.
What Monetization and its terms means is also unique for Marwari’s.
For instance, I learnt that Revenue was not what you ‘bill’ or ‘pass-thru’ or ‘recognize’. Revenue was always what you ‘net-net’ earned that came in your coffers.
Revenue is bottom line for a Marwari – not top line. Read more of this post
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