The golden rules are..
1.Talk to your people and listen to them
2.you should make your subordinates feel as if they run the show.They are responsible
3.You should not just dream about profits,you should care and listen.
4.Dont impose huge workloads upon yourself and your subordinates around you.It will cause burnouts.
5.when you are the leader,do not control everything or try to indulge in micro-management.never assume you know it all.Truth, simplicity and sacrifice will take you up in the long run.
Sunday, November 19, 2006
when you are the leader,do not control everything
Environmental Entrepreneur,Green Biz.NRN Murthy of Infosys says that we Indians are weak in execution.We need to realize the need and practice of gud project management. Form a group of competent Managers,Give them responsibilities and review the project from day One.
Monday, October 30, 2006
Entrepreneurship: What it takes
The entrepreneur's advice
According to Raghav, if you have a passion for something, follow it. All you need to do is prioritise your ideas and work hard.
Clarity of thinking and a drive to excel is a must; you may have great ideas, but what is elementary to success is the drive to excel. Don't be afraid to make mistakes because you are bound to make them. Mistakes are integral to success.
If one start-up has failed, it doesn't mean you will lose again; it is a great learning experience that one has to go through to emerge successful.
The venture capitalist's tips
According to Sandeep, an entrepreneur must have a passion for what he is doing. The important thing to remember is that he will hit lows during the process that will make him question his decision. Belief in the idea is important though, and your passion will keep you going.
You need to have domain expertise, for which you need not have years of experience. Expertise is relative. If you are specialising in something no one else has done before, you are the expert.
You should be able to build a competitive edge in the business. It could be in technological processes, marketing relationships or solutions you offer customers.
You should be able to build the business and manage its growth -- as the company grows, the number of people will increase.
You should be able to hire the right kind of people and establish a good work culture. You should be able to manage change, retain people and scale with the business. And yes, a handful of luck helps too!
According to Raghav, if you have a passion for something, follow it. All you need to do is prioritise your ideas and work hard.
Clarity of thinking and a drive to excel is a must; you may have great ideas, but what is elementary to success is the drive to excel. Don't be afraid to make mistakes because you are bound to make them. Mistakes are integral to success.
If one start-up has failed, it doesn't mean you will lose again; it is a great learning experience that one has to go through to emerge successful.
The venture capitalist's tips
According to Sandeep, an entrepreneur must have a passion for what he is doing. The important thing to remember is that he will hit lows during the process that will make him question his decision. Belief in the idea is important though, and your passion will keep you going.
You need to have domain expertise, for which you need not have years of experience. Expertise is relative. If you are specialising in something no one else has done before, you are the expert.
You should be able to build a competitive edge in the business. It could be in technological processes, marketing relationships or solutions you offer customers.
You should be able to build the business and manage its growth -- as the company grows, the number of people will increase.
You should be able to hire the right kind of people and establish a good work culture. You should be able to manage change, retain people and scale with the business. And yes, a handful of luck helps too!
Environmental Entrepreneur,Green Biz.NRN Murthy of Infosys says that we Indians are weak in execution.We need to realize the need and practice of gud project management. Form a group of competent Managers,Give them responsibilities and review the project from day One.
Wednesday, October 25, 2006
ITS A MATTER OF DESTINY
QUESTION:every business my husband tries to start it does not work out. He has invested money in different types of business but there is never any profit. He is very hard working, puts every effort to make the business work. For past seven years mashallah of our married life we are still not set financially. It hurts me because even after having so much faith in Allah, every loss in business he still says not to loose hope. I just wanted to know if there is some black magic done on him not to succeed in life or is his business .OR what should we do so that all our financial problems are over. Please tell me some dua i can recite so that he can find the right business and be inshallah very successful in it so that we can get financially set.Please help bcoz he is a very nice person, husband and father.He always helps other people out when they r in trouble .He is really very nice mashallah. Help us, he does not believe in any black magic, n wont believe in going to ask for help to any religious place, he says its all faith .He says inshallal Allah will help us one day. So , please guide us in the right way with a dua or prayer bcoz we dont know how.Please HELP! [United States]
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Answer:
What your husband says is right. You should remain courageous and encourage your husband to continue his struggle. ‘Food’ is a matter of destiny. Nothing can be said with certainty as to when and how much you will get and by what means Allah (SWT) will make it available. Only Allah (SWT) has the knowledge of all this. Keep working. We do kind deeds for Allah (SWT). We help people in distress to seek the pleasure of Allah (SWT). Having a firm faith and belief is also for the sake and will of Allah (SWT). It is a part of the faith to believe in Destiny, that man will get what he is destined to get, as and when Allah (SWT) wants. With perfect belief in Destiny, your husband must seek the advice of some experienced person and stick to a particular business. In business, experience matters a lot. With the advice and suggestions of professional people your husband should be able make headway. Stick to one business. Initially, there are ups and downs, but with the passage of time, business settles down and everything will be all right.
Allah (Subhana Wa Ta'ala) Knows Best
Mufti Naval-ur-Rahman Miftahi
===========================================
Answer:
What your husband says is right. You should remain courageous and encourage your husband to continue his struggle. ‘Food’ is a matter of destiny. Nothing can be said with certainty as to when and how much you will get and by what means Allah (SWT) will make it available. Only Allah (SWT) has the knowledge of all this. Keep working. We do kind deeds for Allah (SWT). We help people in distress to seek the pleasure of Allah (SWT). Having a firm faith and belief is also for the sake and will of Allah (SWT). It is a part of the faith to believe in Destiny, that man will get what he is destined to get, as and when Allah (SWT) wants. With perfect belief in Destiny, your husband must seek the advice of some experienced person and stick to a particular business. In business, experience matters a lot. With the advice and suggestions of professional people your husband should be able make headway. Stick to one business. Initially, there are ups and downs, but with the passage of time, business settles down and everything will be all right.
Allah (Subhana Wa Ta'ala) Knows Best
Mufti Naval-ur-Rahman Miftahi
Environmental Entrepreneur,Green Biz.NRN Murthy of Infosys says that we Indians are weak in execution.We need to realize the need and practice of gud project management. Form a group of competent Managers,Give them responsibilities and review the project from day One.
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