A great accomplishment and privilege to participate in the live event by #linkendinindapowerprofile #Linkedinindia with #shradhasharma who revealed her Entrepreneur formula is –“To do it and not give up and keep doing it” for my question -” What is your Entrepreneur formula that made your journey from being entrepreneur aspirant to founder of #YourStoryCo media?”
Here’s the link to view the event:
http:// m.facebook.com/story.php?story_fbid=1064737250230389&id=662506227120162
And this is how Leaders/Entrepreneurs are made! A perfect formula to begin any sort of Startup in this world. Again, life always gives us a choice.To budding Startup aspirants, Have you made any idea to start a Startup yet?
Today I read something about Dependence as a real a big challenge that blocks a path of freedom and happiness , which made me to write these lines on being independent as an Entrepreneur – who wants to achieve what I vision for.
It was eight years back (2008), I listened to one of my cousins saying the importance of a book and how it becomes best-friend in one’s life. Well, being a book-lover I nodded my head in acceptance to know more about the impact of books from many aspects – lead a simple life, psychology, leadership, quality management, relationships importance, science, health, biographies, success and failure stories. Somehow, those words were registered subconsciously and reverberates after every completion of a book till date and naturally becoming my super-essentials in life and library.
“I really had a lot of dreams when I was a kid, and I think a great deal of that grew out of the fact that I had a chance to read a lot.” -Bill Gates
Above lines from Gates are so true and after all there will be only few all-time favourite things that rejuvenate life’s strength in multiple ways to great personalities.
Recently, I have been searching randomly for an interesting book in my books shelf and to my surprise, I found a treasure that geared up my energy to become a Blogpreneur. It’s the book “Rich Dad Poor Dad” by Robert T. Kiyosaki. And the book falls into the ‘Must-have’ or ‘Must-read’ or ‘All-time favourite’ that will bring all necessary changes to any kind of aspirants (especially to Startup aspirants, Entrepreneurs-to-be and students). After reading the book – a person will be a better person, an entrepreneur will be a better entrepreneur, a student will be a better student and finally a reader will be a better learner and leader.
The first and foremost principle that attracted me in the book is ‘what is the real education needed to be able to survive in the current competitive world?’ The answer for this question has been well visualised and guides the reader into a path to unleashing his/her other dimension of educating himself/herself and to their children as well.
Yes, the objective of the book is the power of money and how it works for ‘Rich people’. The book throws light elaborately on the power to earn money is through gain knowledge and unleash the secret on how it is possible for Big Business Leaders to make money work for them. Well, there are categorised lessons created in the form of examples, explanations and real stories pertaining to personal finances, real education, investments and etc.
Generally, we all listen to a famous quote “ Nothing is impossible”, then, how come we all can’t get out of from heavy debts, financial hassles and etc.? Why the only rich are out of such financial pains, but not poor and middle-class? What is that impossible working for Rich and that is not working for poor and middle-class society? All these questions have answers and Robert Kiyosaki has elegantly designed the book on ‘Power of being possible’, which simply starts at our end.
Robert has yet another unique skill to identify a common man’s common mistakes and provides an exceptional methodology to correct those mistakes and score outstanding results in life. There is one kind of compelling story of Robert, who strived to learn the concept of earning money – is to money work for you, but not working for money , which made him to realise at very early teens and popularised himself to write a book on ‘ How to become rich prudently’.
I want to share my journey of learning with you that took me to new heights of educating and disciplining my thoughts. Certainly, I’ll not be the person who was before reading the book, but, a brand- new-me in a new role identifying the best opportunities around me.
Here are the 8 key points that become a ‘must-learn’ to Startup aspirants:
1.Know more about Emotions and its 
merit:
Generally, when we encounter with many incidents that drive by emotions and end-up with breaking up relations and suffer the loss later. The loss that pays at the end is the only mere mistake of using emotions against oneself. There’s another side of the coin of using emotions in favour that is underpinned by the author that helps everyone who reads the chapter and walk easily during tough times and yield sustainable conclusions without further need of repenting.
2.Financial intelligence: I’m a Financial planner graduate, who deals with allocating money in safe investments. Before reading the book, my brain used to restrict my knowledge to play safe in investments, but, after reading ‘The power of an effective investment’ by Robert has changed my attitude towards investments and raised curiosity to learn more about investments and move a step higher. Yes, there’s another avenue to deal with finances on your own, irrespective of being a finance / commerce degree student. This topic teaches to tune the brain and hook up the right understanding of finances and thus provide a major establishment to Financial intelligence and bring change towards financial attitude right from a kid to any age.
3.How Global leaders are produced:Often we see the number of global leaders produced by any school is only one in 100’s and that of producing employees is 1000’s. What is that nice formula working for leaders who want to change their path from herd behaviour? What is the other formula working for employees who struggle from day one till their retirement age for having adequate money in their hands? Again, you’ll find exceptional answers to these questions and portrays a contradistinction between being a business leader and an employee, which is beautifully exemplified in the book with numerous facts and logic behind it.
4.Assess your personal finances prudently:
Financial education is a technical skill that needs to be learned by everyone to be a financially literate. Don’t worry! There will be no high-level finance jargon to be skilful but certain finance terms like assets, liabilities, income and expenses elucidated by the author has created a long-lasting impression that enables any reader to be a financially literate by the end of their reading.
5.A guide to younger generation on financial education:
I was many times introspected on the topic or discuss with my friends regarding current education system values and their impact on student’s skills. Robert challenges key issues, that schools offer and miss out relevant financial skills to be acquired by a student. I found, the interpretation as an astounding lesson that a reader can’t miss out and thus be a mentor to their children, developing finance skills and their importance right from their childhood.
6.Courage to accept rejections and failures:
Earning money will always varies from person to person and the results shows their toughness at heart and soul. Robert classically explained the right formula that is needed for being rich – Knowledge and Courage are the duo that work together on a path to achieve right opportunity. A blend of these two will ensure clarity over prosperous life vs. fearful life. Courage to accept many uncertain things in life takes its own place, which is coined as Change. Change takes its numerous forms in life to make us more efficient in our own way. Leveraging change into learning, leads to face distinctive challenges and shrinks ignorance, which is another valuable lesson to be implemented.
7.Identify Sales and Marketing world:
Sales and Marketing are effective skills that are supposed to be induced into any field and overcome the failure of rejection and progress successfully while doing one’s own business, which has been clarified by Robert with fantastically real life experiences. I learned the majestic power of these skills that redefines the attitude of a person and help to overcome the fear of losing. Well, those examples cited in the relevant context simply impresses every reader to undergo further study on the subjects Sales and Marketing practically.
8. Learning – a finest investment:
Specialisation is a qualitative skill, which helps to achieve a distinctive title in one’s career , but Robert points out the other side of the coin elaborately.It is the fact that specialisation supports a growth to some extent and prevents to accept changing world around oneself. When such restriction multiples, there is the high probability to detract learning from other grounds and grow fear, which again devastates one’s learning ability to lead his/her own life or career. In this chapter, the power of specialised learning will create a deep impact to unstop learning new subjects and prove ways to handle fear of not knowing.
My take: A book to me does not simply teach you or leaves you with some skills, but, it is worth as a renewable source that surges up your ideas, thoughts and dreams into one path and helps you to step up next big journey in life.
Now, I want to know your views about the book if have you read this book before ? And don’t forget to share your books and thoughts that influenced you the most. Also, do share your favourite books that inspire others to become Entrepreneurs.
@Startups Formula -Inspired by the Great Entrepreneurs and Inspiring the fellow Entrepreneurs
Listening is a common trait that’s kept underrated and undeveloped by everyone, but this is not the same with the global leaders who acquire tremendous knowledge while listening to thousands of meetings and discussions with people. Do you now, not every Founder or CEO or an Executive has sufficient time to study all projects from multiple departments ( Finance, Production, Operations, Accounting, Sales, Marketing, Human resources an
d etc) and come up with solutions necessary to grow companies. Yet, they get all inputs from all grounds while taking part in crucial decision meetings and covering all departments concerns. And you know how they do, yes, its through frequent meetings conducted by the dedicated branch heads or department leads giving a wide coverage of specific company’s division growth on all parameters.
Research shows that people engage 70 – 80% their day in various forms of communication , and which 55% is dedicated to listening. Research also says that, although after having careful intensive listening to speakers views ,a listener can only retain 17% to 25% of facts or ideas from the speech.
Well, we know that numbers and pictures speak more than thousand words, which are highly regarded and considered to strengthen the company’s eventual growth. Now, leaders are very much guided by these regular meetings and take appropriate decision to lead further. What is the key element they do to grasp significant insights from the meeting and discuss best possible methods with the department leads? Certainly, it’s their ability to listen attentively. It’s not the usual listening that happens to forget the valuable information after few hours, but, it’s called as 360 degrees listening or intensive listening. They immerse deeply into the subject and that they provide their validation by questioning speaker from various perspective and gain great exposure on the subject.
Recommended read – If a person has not acquired these listening skills, his ability to understand and retain what he hears will be low.
Here’s where the communication meets its best approach by – ‘Listening- Speaking – Listening’. This is how a better speaker is a better listener. Now, it is perhaps wrong to think that having a best communication skill is only proficiency in speaking, writing and reading, but, otherwise it is the other completed form of better listening and be a better speaker and then be a better leader.
Let me know what kind of listening techniques do you implement to balance your relationships with peers, friends, business partners , subordinates and family and enhance the scope of grasping relevant facts and ideas as knowledge shared with you.
See you again with another Better formula of the day post!
@Startups Formula -Inspired by the Great Entrepreneurs and Inspiring the fellow Entrepreneurs
There’s no business or person without weaknesses, but what matters to the world is to turn up those weaknesses matchless strengths. Okay, let’s get into the business! It is essential to have clear note on what weaknesses blocking the growth of your business. For example, there might be – logistics issue in a remote location; lacking a talent team; issue with longevity of a product; research and development; meeting costs of a 
project; legal issues handling capacity; potential data recovery and so on. There’s nothing much to do unless there’s an action taken besides to issues hindering the scale of a business. The mantra is – to focus in detail. Yes it is common methodology that heard often, but there’s hidden gem to navigate a weakness to strength.
Now, undertake a weakness as a project to elevate the targets as similar to a business project led by goals. Draw a flowchart on how to break sensitive points driving weaknesses, now you’ll be in a better position to judge what methods or tools to be induced and replace with better techniques and get help with resources needed to practise the techniques required. By focusing in detail, start practising all the valid points diligently while following flow chart as your mentor. Also, one of your team members can take charge as a Lead manager to guide the team. Complete and better the weakness projects one by one and present a case study to your company itself on how you turned up weaknesses as company’s key strengths today. And ask your employees to post any weaknesses in the ongoing projects every quarterly/half-yearly/yearly to install best practices to tackle weaknesses betterly while not allowing your competitors touch your weaknesses to beat the market. Thus weaknesses are good until they’re identified to amplify your business strengths.
startups formula 