Monday, 13 July 2015

Be your own boss. Even big4 employees turning to entrepreneur.

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Careers of fathers and sons rarely move in tandem. Rare, therefore, is Mumbai's Purandare family where father Jairaj and son Varun have both hit the entrepreneurial track at the same time. Varun, a 25-year old Yale graduate, is busy with his tech startup out of San Francisco in the US, having quit his job with management consultants Booz.

In India, Varun's dad has turned entrepreneur in his mid-fifties, opting out of a career with large global audit and advisory firms. This story is abo ..

Wednesday, 8 July 2015

Think like a boss. Create your own company now. 
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1.Don’t be stuck in a comfortable routine
Many people get caught in their own routine. They get up in the morning, drive to work, return home in the evening, have dinner, watch TV, and go to sleep. They repeat this process every day, comfortable with the routine — and the check they receive every other week.
This sort of mentality is counterproductive to advancing in life. And isn’t exciting either. You should always look for ways to improve your life, replace your comfortable routine with something exciting. Starting your own business is a way to go.

2. Always search for new business opportunities
A lot of people have good business ideas that they plan on executing, but they make these plans conditional on some catalytic event, ie a perfect time to make this happen. In reality, there is no perfect time to do things. That’ why you should be proactive. Be a doer, not a dreamer.

4. Do whatever it takes
Don’t let small roadblocks stop you.Stick with the business idea, and execute. Take the steps that will turn your idea into a real business. That’s all that matters in the end — but it isn’t easy. It takes patience, persistence and discipline to stay focused — patience to overcome the hurdles that stand between you and your goal; persistence to overcome the failures, setbacks, and temptations that may take you off course; and discipline to play the game right.

5. Have the right reasons to start a business
There is a misconception that business owners make more money and work less than people who work for somebody else. That’s not true, at least in the beginning.  Besides, these are the wrong reasons to go into business. The right reason is to develop a product or a service that make a difference in people’s lives, as Steve JobsBill Gates and many other celebrated entrepreneurs did in the past. And most important of all, you should enjoy what you are doing.

6. Be self-motivated
When you are a worker, somebody else—your boss — has defined the work to be done. That person tells you what to do and when to do it, and keeps up with deadlines. When you are the boss, you must do all these things. That’s why you should be self-motivated, know what you are doing, be punctual, and work out all the details.

7. Get in the right psychological state

Put yourself through a ruthless psychological test to discover your inner deficiencies, and do what you must to get rid of them before they pollute your relations with partners, associates and subordinates. True leadership begins within, as I discuss in an upcoming book The Ten Golden Rules Of Leadership which I co-authored with Mike Soupios.

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