- Human Resource
FEEL the NEED to GROW
In a fast developing country like India, it is heartening to see the spirit of entrepreneurship evolving. This spirit is based on an inherent need
In a fast developing country like India, it is heartening to see the spirit of entrepreneurship evolving. This spirit is based on an inherent need for personal and financial growth and enhancement. The good news is that we are all smart enough to start and run a business using core competence. Each of these industries require a host of other services: engineering contractors, painters and plumbers, equipment suppliers, manpower specialists, and the list goes on. This is how the game gets bigger and better for all.
How do we put this into perspective? What do we need to do? How can we get better and smarter? Permit me to share some of my views on this journey as an entrepreneur.
1. Where are we now? This is one of the primary questions we should consider before we decide where we want to be. This involves pinpointing our strengths and weaknesses and is of paramount importance. If we do not know exactly what skills we possess, then how can we use these to our advantage? I am surprised when people are not able to identify their own strengths. Before we decide who we want to be, we should know who we are, and what qualities we have. Only then can we work on these, or use them to take us forward.
2. Where do we want to be? We cannot hit a target we cannot see. So let us identify this target first. How high up the corporate ladder do we want to go? What turnover do we want to reach? How big do we want our company to grow? These are some of the questions that will help us understand where we want to be.
3. What route should we take? Are we going to establish the business all on our own? Do we want to collaborate on this, or do we want to partner with someone else? Should we tie up with someone to do the areas in which we do not have any competence? Where will the money come from? Do we need to get financial assistance? Do we want to do everything ourselves? Answering these questions will show us the path we should take.
4. How soon do we want to get there? What is our ETA? (Estimated Time of Arrival – to borrow an airline expression). Do we want to reach our goal in the next year, or in the next five years? Unless we know this parameter, we will not know how hard we need to work, and consequently, we may not be able to benchmark our progress as well. Remember, business is like riding a cycle: you have to keep moving ahead, or else you will fall down.
5. Finally, we need to get motivated to focus our energies and to fulfill our goals. If the originators of the business are not motivated and well driven, how will the people below have the zeal to succeed? There will be mishaps and failures along the way, but aren’t these the things that make us stronger?
Life, my dear friends is not an easy street. There will be ups and downs, troubles and tribulations, sorrow and strife, but through it all, can we stick to our plan, and weather the storms? This is part of the game we call success. I do not wish to belittle success, but only to put it in perspective. Therefore while we enroll for this game, let us keep a positive attitude, and know that we will win. On the other hand, if we do not dare to win, we have already lost. Let the spirit of entrepreneurship grow stronger in all of us, and ultimately, let us build a stronger nation, and a better work ethic.
Remember, business is like riding a cycle: you have to keep moving ahead, or else you will fall down
The author is a corporate trainer, specializing in personal transformation and effective communication.
Issue BG43 Oct04