Management

Tuesday, January 10, 2012

Be Passionate about your business

I have found that people who are the very best at what they do are absolutely committed and obsessed with their work/profession/business.

They eat, breathe and sleep/dream their work virtually t 24 hours a day. They think of their business and their work day in and day out. You see, the only way to become great at something is to literally
devote 100% of your daily focus to it (at least during the starting phase of the business).

I have found that self-discipline, inspiring goals and even the thought of making lots of money is NOT ENOUGH to give you the sustainable motivation to build a business. If you are only in it mostly for the money, you will come to a point where you will probably say to yourself, 'all this hard work and frustration is not worth it' and give up.

Starting and building a business needs a tremendous amount of energy, more than what normal human beings possess. That is why you need another battery pack to give you that extra energy that others do not have. This extra battery pack comes from your passion. Is there something in your life that you are extremely passionate about? That, no matter how tired you are, you will always have
energy for it?
For many kids, it would be playing computer games, for many women, it would be going shopping and, for many men, it would be playing golf or going fishing or diving.

Haven't you experienced a time when you were totally exhausted and felt like you couldn't do anything else? Then, a friend invited you to go do something you are so crazy about (e.g. shopping/
golf/fishing), and suddenly you discover a source of extra energy - well, this came from your spare battery pack? This is the same kind passion you need for your chosen business!

Like I said, if you don't do what you love in the first place, you will never have enough motivation and persistence to succeed.

Tuesday, February 9, 2010

Success Secrets for Remarkable Results

THE 10 RULES OF SAM WALTON

COMMIT to achieving success and always be passionate
Sam Walton often went to work at or before 4am so that he could review the previous day's sales report before the rest of his executive team arrived.
SHARE SUCCESS with those who have helped you
Associate profit sharing is the fuel Sam Walton used to propel Wal-Mart's rocket to success.
MOTIVATE yourself and others to achieve your dreams
Mr.Sam hired ordinary people off the farms around Bentonville and by doing so provided many of them with opportunities beyond their wildest dreams.
COMMUNICATE with people and show you care
Mr Sam shared as much information as he possibly could with his associates becos he was convinced once they thoroughly understood the business they'd do whatever they could to help company leaders reach goals.
APPRECIATE and recognize people for their efforts and results
CELEBRATE your own and other's accomplishments
LISTEN to others and learn from their Ideas
EXCEED EXPECTATIONS of customers and others
CONTROL EXPENSES and save your way to prosperity
SWIM UPSTREAM. Be different, and challenge the Status Quo.
Sam was the first to admit that many of the risks he took ended in failure, but he believed that if only 1 or 2 out of 10 of those risks succeded, it made dealing with all those other failures worthwile.

by Michael Bergdahl

Wednesday, December 16, 2009

25 Lessons from Jack Welch

Management Insight and Leadership Secrets of the Legendary Former CEO of General Electric

Lead More, Manage Less

Lesson 1 - Lead

Lesson 2 - Manage LESS

"We are constantly amazed by how much people will do when they are not told what to do by management."
In the new knowledge-based economy, people should make their own decision.
Managing less is managing better. Close supervision, control and bureaucracy kill the competitive spirit of the company.
"Weak managers are the killers of business; they are the job killers. You can't manage self-confidence into people."

Lesson 3 - Articulate Your Vision

"Leaders inspire people with clear visions of how things can be done better." The best leaders do not provide a step-by-step instruction manual for workers. The best leaders are those who come up with new idea, and articulate a vision that inspires others to act.

Lesson 4 - Simplify

Keeping things simple is one of the keys to business. "Simple messages travel faster, simpler designs reach the market faster and the elimination of clutter allows faster decision making."

Lesson 5 - Get Less Formal

"You must realize now how important it is to maintain the kind of corporate informality that encourages a training class to comfortably challenge the boss's pet ideas."

Source: http://www.1000ventures.com/