Understanding Entrepreneurship

 

Entrepreneurship! Are You Prepared For The Game?

If you are considering to start your business then you are at the right place at the right time. The journey of an entrepreneur is exciting and yet filled with challenges. These challenges are to make you stronger. The problem happens when you get bogged down with these challenges and tend to give up. Let me reassure you there is a proper check list to assess your preparedness before you jump the fence. But in the past if you have ever tried to shift gears and experienced some setback, it is only a welcome gesture to the entrepreneurship club.

Now it is a proven fact that no matter what your background is you can learn the art and science of entrepreneurship. It is a science because there are mandatory musts and an art because the balance & poise during practical application of these underlying scientific principles is an enjoyable craft.

Keep looking for more because preparation is the key to success. Remember that there are no shortcuts and if you sometimes forget this caution and crash land on a shortcut, this shortcut eventually leads you to the gift of learning in the form of failure. So there are in reality no failures only lessons to be learnt and applied.

If you have any questions or if you need any support in getting started on your entrepreneurial journey , you are invited to connect(Learn More About Our Entrepreneurship Development Program) with the author of this post for more. Author is a business coach with a passion to bring out the best in people and is keenly looking forward to support you in your entrepreneurial journey.

God Bless

Sanjay V Sharma

 

CORRECT VALUE SYSTEM, PREREQUISITE TO ORGANIZATIONAL EFFECTIVENESS

Is Incorrect Value System Affecting Your Business Performance?

Many a times the problems and difficulties faced by an organization are on account of not living its correct values. This anomaly could emanate from any of these causes

• ·           There are no clearly spelt-out organizational values.· 
•          The values are clearly written down but the behavior of your organization is not consistent with these values.·         
•      Value statement is flawed as it doesn’t reflect the correct values of the organization, thereby rendering all further implementation or evaluation efforts, an exercise in futility

All  Successful Businesses Live Their Correct Values 

Let’s look at the proactive solution to facilitate accomplishment of optimum organizational effectiveness, through identification, crystallization and implementation of the correct values by your organization. Being aware of the correct values of your organization is a very critical component and a key driver of the strategic, tactical or operational decisions made in your organization. Which means every worker on the shop floor, every field sales officer, every manager, every board member is aware of the organizational priorities. This facilitates uniformity in organization wide responses across different geographies, departments, hierarchies, business conditions, etc, leading towards the predictable service or product quality delivered to the vendors, suppliers and the internal as well as the external customers.

This clearly explains why the best of the organizations across the globe have a consistent track of the way in which they conduct their business. Implementation of clearly defined values lies at the heart of all successful organizations, whether local or global.

Check-list to Evaluate Whether Your Business Is Suffering From This Anomaly

1.     Do you receive frequent customer complaints regarding quality of the product/ service   delivered?
2.    Do you find that motivating your employees towards higher productivity levels is a big challenge?
3.    Have you noticed a lack of coordination between different departments/ teams in your organization      for even simplest activities?
4.        Despite your continued efforts you are not able to build a healthy brand image in the eyes of your customers?

If the answer to one or more of these questions is yes, then your organization needs to revise its value statement by identifying its correct values and ensuring that its behavior is consistent with these values for accomplishing organizational effectiveness.

For any assistance, you may write to us at  admin@successnsynergy.com  or visit our website  www.successnsynergy.com . It shall be our pleasure to assist you..

Sanjay Sharma

REASONS WHY BUSINESSES FAIL?

These Reasons Emanate From the Common Mother Source

Most businesses fail to take off or fail to achieve their potential due to multiple reasons. There may be an underlying logic, to explain these failures, such as poor decision making, lack of market intelligence, not playing to your core business strengths, unprofessional approach towards business, ineffective team configuration, inappropriate business model etc, and this logic may seem to be the apparent origin of these failures, but a careful analysis reveals that most of these reasons emanate from another common mother source. This common source of business failure is the arrogance of the business owner, where the business owner considers himself to be the know all and deliberately fails to succeed by failing to recognize the key elements of the professional management approach responsible for the success of the worlds’ best business organizations.

Failure to Respect the Expertise

It is like being your own doctor, manufacturing your own footwear for personal use, teaching your kid at home instead of sending to school etc, and if such an approach is adopted it would surely take the human civilization back to the inefficiencies of the stone age, as all these examples point towards an attitude of arrogance , of disrespect towards the specialists by failing to engage them for getting their best. It is absolutely critical for the business owner to understand the scientific principles of division of labor and their linkages with the business economics, where each specialized job is handled by a specialist department or individual, but if business owner fails to respect this expertise, there is a high probability of failure as far as accomplishing the desired business results is concerned.

Is Your Business Suffering Because of Your Arrogance?

Check list to know if your business is suffering because of your arrogance

• Am I aware of my core strengths?
• Do I engage experts for business areas not falling with-in my core strengths?
• Have I identified a team of reliable business consultants?
• Do I take help of professional consultants while working outside my core strengths?

The affirmative answers to these questions indicate that you are not suffering from arrogance symptoms but if there are one or more negative answers then you need to review your business approach as well as performance.

What’s the answer?

The answer lies in improving the probability of your business success by knowing your key strengths, identifying, authenticating and engaging the source of expert knowledge for the weak-links highlighted by your SWOT analysis to take your business to the next level.

The author of this article is a consultant & trainer and may be reached at admin@successnsynergy.com for any consulting or training requirements that you may have in any of the subject areas covered in this write-up alternatively you may visit our website www.successnsynergy.com for more details

Sanjay Sharma