Few things you should always follow to start a stable Business

Starting your own business and being self-employed is a very ambitious dream. You’re trying to lead yourself being your boss and that really needs a lot of skills and guts.

Here are few things that you should always do after starting your own business:

Be an avid learner:

In this era of information, there’s nothing better than knowing more and more. To me learning involves three stages: read, write and practice. In the other words: capturing information, storing it and executing it in your life. This approach is extremely useful to define next directions for yourself and your business. Also, never miss the track; read many things but store only churned information. You may see numbers of opinions and recommendations by many authors, writers, experts but as a learner you need to churn the best vital information for your life and try to apply that knowledge in your daily life.

Remember, when you start your own business, there’s nobody to instruct you, guide you or teach you. You need to define your own path and direction and that’s where avid learning skills can be your best navigator tool!

Stop comparing:

Most of the startups I’ve interacted in seminars, exhibitions or meetings; they have some bigger company as ideal and they always compare with successful case studies and dream to become some XYZ enterprise. I always oppose this with a fact that each and every individual has a different shoe and so the starts has! Being yourself, you can’t become somebody else or can’t replicate someone else’s life. How can you expect the same thing with your company when it’s managed by different people with different minds. So what is the solution?

All you need to do is stop comparing with the orders and start chasing your own goals in your own way. Try to learn failure case-studies along with success stories as failure is the best learning lesson with example. It can make you remember few things which you may never repeat. But as they say, “Learn from the others’ mistake to save your time!” and that’s where Failure case-studies can be super useful to improve yourself.

Planning is Good Overthinking is not! :

Once you start up, first thing you may face is “Insecurity”. That’s when you realize that you’re out of 9 to 5 culture. If you’re a case-study learner, you must be aware that it doesn’t matter, how many investors or funding you may have, with the effect of poor management; things can go inverse.

Now, to avoid that situation all you need is a “Plan”. Planning is the key to run a successful business. This can only happen if your plan is based on facts and figures. Always try to see your industry and market statistics and analytics. Gather a good amount of insights in an useful manner. Do not be skeptical on every person or situation. I have observed many people over analyzing the situation or over thinking each and every thing in their professional life. This may cause many problems in your small team of startup. Such as, Non-optimal utilization of funds, Lack of learning curve and adaptive approach, Non-acceptance of other team members’ opinion, Lack of risk taking skills and many more.

Thus, only focus on a fact based plan and do not start over analyzing anything in your business. Insecurity should be a part and parcel of your life in order to take calculative risks.

Process is a back bone :

Remember, a flourish mind comes after a strong back bone. If your back bone is not strong enough to structure your body well, there’s no meaning of having a smart mind. The same is applicable to your company. Your processes for various types of operations are the back bone of your company. It provides you a strong structure of management and an ecosystem where all resources are in place and bound with productivity. If your processes are not well-defined, it doesn’t matter how smart you are or what is your unique selling point (USP); it’s certain failure.

When I say process, I do not mean only rules and regulations. For me process means set of rules that defines steps of execution and individual accountability for the resources involved on every steps. Thus, along with an open minded culture without barriers of cubicles and dress-codes, it’s must to have a strong operational process for each of your departments.

Patience is the key to success:

You may come across many perceptions. Some will tell you “Hard work leads you to the success”, later they changed it to “Smart work is a road to success”. Well, if you observe a little, all entrepreneurs who are well-known for their knowledge, creation, companies or products; are all hard working, smart, intelligent and well versed. Still, it tool almost 10-15 years to get on this place where they are at present. Why? The only answer is: “Because they never gave up!” They are all individuals with highest patience and peace in them. They have a never ending hope and confidence in they actions and they have a deep capacity to face inverse situations, failures, rejections and much more.

We all are fan of Larry Page, Surgey Brin, Mark Zuckerburg, Steve Jobs, Bill Gates, Warren Buffet and many more well-known entrepreneurs or business leaders. We all see their glorified success but we never try to dig down and check their real hard time. We never try to learn their failure cases in their early days and how strong patience they kept during that time to get to the solution! That’s what needs to be learnt and keep trying until you get your envisioned success.

Churn your social circle and team members carefully:

In this capital driven world, it’s nothing unethical to be little selfish and select your surrounding people carefully. Be with those who can benefit you. This benefit is not required to be in terms of only funds or monitory advantages but it can also be  in terms of knowledge share, experience share, advises on best practices and much more. Keep your social circle filled with strongly self driven, affirmative and resourceful people. Same thing is applicable while selecting your core team for your startup. If you’re already having a silent/sleeping partner pretending as core team member, there can’t be a more wrongful choice of core startup team.

Whether it’s social media or real society, our contacts create a bubble of topics around us that we live and discuss everyday. Having the right people around you, can give you a highly productive and up lifting professional life with lots of learning during your journey of entrepreneurship and having wrong people can give you numerous hurdles to achieve what you want. This is why many people believe that creating something out of life is very easy if you’re smart and for the others life itself is a big puzzle… 🙂

Stay optimistic and positive:

When we say “Stay Positive”; many of us imagine a larger than life “Motivational Speaking” event brain washing for “Feel Good Factor” and asking to stay positive and feel wealthy, happy, healthy… and so many never ending imagination inside that little brain.

Well, I’m not going in that direction. My definition of having positive or affirmative approach is to stay optimistic and be inclusive to inverse situation. You may face never ending hurdles or unwanted situations during your daily operations. All you need to do is to find the solution and set the right process. That’s how you can nurture your brain with solutions and strengthen your company’s back bone with right processes.

This is the optimistic and problem solving approach gives you patience and create things better and bigger.

At last, I hope you’ve enjoyed reading my views. I will be keen to know your experiences along with your inputs on this. So, feel free to comment below.

Have a Happy Business!! 🙂

Be your best friend first

“Be your best friend first ?? What kind of caption is this? I am me… Simply me!! Ofcourse I am my best friend…” If you’re thinking something like this, I must suggest you to take a look at yourself again, because I did and found so many thing to correct, probably you find one at least!! In fact, I am writing this due to a great realization and awareness that I had last week. I found that so many natural qualities that I possess, so many hobbies I could have enjoyed are suppressed!! It’s not because I have a bad time or bad life, but surprisingly I found that whole society works like that. The system is made in the way to implement fix set of rules on you and your surroundings.

While observing a common lifestyle of everyone – doesn’t matter rich or poor, you can find one thing in common that after the student life, everybody is just busy with their professional activities with 90% of their time in a day. In this mock race of life, many little joyful moments and many skills or hobbies which are god gifted or say natural in one is suppressed all the time. I found some questions for you – answers of these questions can easily make you realize about the situation of your life. You can easily estimate if you’re being yourself as nature has made you or you’re just following social parameters for so called race of life!! Here we go:

 

Do you do what you love? :

If I say I do what I love and if I say I love what I do. There’s a huge difference in both the scenario. Unfortunately, most of us loving what they’re doing. I strongly believe that in life, sometimes due to circumstances or due to situations we have to accept some kind of work or job as compulsion but that compulsion should never be permanent. I think life is too short to judge according to society made parameters. One should always do what one loves, doesn’t matter what!! As Will says in “Pursuit of Happiness” – “If you’ve gotta dream, you’ve gotta protect it!!”

According to me, 70% people in this world are doing what they don’t want to do for their lifetime. If you’re among them, what different thing you’re doing with your life? I think at the end, there’s nothing but regret and guild for those who are not following their aspirations and accepting the compulsions of life. Just close your eyes and ask yourself with intense approach – “Do you do what you love?” The rest will be all…

 

Do you have worthy people surrounded? :

The another most time consuming and fake activity that we do in our life is to be with the people who actually doesn’t mean anything in our life. “Dah! what kind of joke is this? I have wonderful people with me!! I enjoy their company a lot…” Well, if that’s the case, you are one of the luckiest people in this world but take a serious and close look at your people relations chart. In most of the cases, we’re trying to impress the people which can benefit us professionally or socially – and that’s it!! Even the conversation between two are not pure now a days. Either they are cutting some third person in their talk or they’re wasting their time to discussing negative things or greedy ideas and so on…

Now, my question is very simple. Do you find people surrounded you who really love you (apart from family), who really boost you for being your most improved version, who motivate you in your downfall, who guide you through every thick & thins?? A matter of fact is – It’s hard to find friends, relatives and colleagues with this approach almost impossible. I strongly recommend you to find this kind of people in your life. These are real gems of your life. You can share the most precious time and trustworthy life  with a friend circle like this.

Don’t waste your time behind fake people just to complete your goals or materialistic requirements. In one sense it doesn’t sound practical – I know that. But if you’ll think seriously, you will find that on initial level you’ll be in trouble but once you’re through with this approach you will be more than happy in your life. Real Friendship, Real Love and Real Attachment can give a great satisfaction of life that no other materialistic achievement can give. Just think about it…

 

Do you have any hobby? Really? :

From my view point, hobby is a gift given by nature. Everybody has at least one hobby with so intense attachment – where that activity makes that person to forget every hard nukes of the life. After your professional activity, hobby is the only platform where you can have a feeling of creativity of your own. And you feel it more fascinating because that creativity was purely by your will and choice.

Find out what makes you feel refreshed and blissful? What activity or hobby suits your nature? Once you do that, just go for it. Meet more people sharing the same hobby with you and actually you’ll start finding good people surrounded you. Some people believe, following hobbies means spending more and more unproductive time in your life and I strongly feel that spending time behind your favorite activity means improving your productivity by refreshing your mental ability. So what’s your hobby? Find one…

 

Are you being so logical? :

Do you remember, when you were of 5-6 and when you see a butterfly in garden or backyard – you used to run behind it with lots of enthusiasm and smile. When you were small, watching full moon was a fascinating site for you. You used to enjoy so many little things. What happens today when you see the butterfly? Either you don’t give attention to it or may be you don’t even notice it. Today you don’t even care if it’s full moon or not. I am not saying that even at this age, you should run behind butterfly and catch them from your neighbor’s backyard, but the point is, exposure to excessive knowledge makes us ignore small moments of joy. We actually stop seeing beauty of nature or little time of happiness. Why? Because we have this habit of examine everything with the magnified glass of “Logic”. We know how earth rotates in the space but we don’t know how to live joyful and sensible life on earth. That’s the problem!!

Don’t be excessively logical in everything. It’s okay to enjoy some moment of life as it is, without any logic behind it. Even try to accept people as they are!! Don’t try to evaluate with your measure tape of parameters. Knowledge should be just a tool for your well-being, it should not throw you out of basic human nature of Love, Compassion, Attachment and Happiness in life. So just use your knowledge as and when required and rest of the time, just enjoy your surrounding as it is. Ask yourself – “Are you being excessive Logical all the time??”

 

With a great hope that these thoughts will help you at least 1% in changing the way you think in life towards the affirmative way, I would like to close this article.

Have a Great Time 🙂