Monday, January 20, 2014

Wisdom for work - "Be apolitical and non-communal"

Dr Sudarshan Ballal is the Medical Director of Manipal Hospital, one of the biggest in south India.

Some essential learnings that he has acquired can help corporate folks:
"Be a people's person"
"Be apolitical and non-communal"
"Acquire leadership qualities"
"Constantly upgrade your skill-set"
"Do your best, but don't always expect the best results"
"Ethics must not be compromised under any circumstances"

Reference : http://www.bangaloremirror.com/columns/work/Be-apolitical-non-communal/articleshow/29118657.cms

Monday, January 13, 2014

On Listening...

An excerpt by Ralph Roughton mentioned in 'The 8th Habit' book that I am currently reading.

"When I ask you to listen and you start giving advice, you have not done what I have asked.
When I ask you to listen to me and you begin to tell me why I shouldn't feel that way, you are trampling on my feelings.
When I ask you to listen and you feel you have to do something to solve my problem, you have failed me, strange as it may seem.

Listen! All I asked was that you listen; not talk or do -- just hear me... I can do for myself. I'm not helpless. Maybe discouraged and faltering, but not helpless."

Reference : Stephen Covey, Book: 'The 8th Habit', pg 193

Thursday, January 9, 2014

Any time you think the problem is out there, that very thought is the problem!

"How easy it is for people to think and feel, "I'm a victim; I've tried everything; there's nothing more I can do; I'm stuck."
My response to their question usually shocks them a little. This is what I say:

"Any time you think the problem is out there, that very thought is the problem."

Reference : Stephen Covey, Book : 'The 8th Habit', pg 128.

Leadership defined

"Leadership is communicating to people their worth and potential so clearly that they come to see it in themselves."

Reference : Stephen Covey, Book : 'The 8th Habit', pg 98

Significant challenges

A quote by Albert Einstein taken from 'The 8th habit' that I am currently reading:

"The significant challenges we face cannot be solved at the same level of thinking we were at when we created them"

Reference: Stephen Covey, Book: 'The 8th Habit', pg 103

Wednesday, January 8, 2014

Freedom and power to choose our response

From the 'The 8th Habit' book which I am currently reading:

"Between stimulus and response there is a space. In that space lies our freedom and power to choose our response. In those choices lie our growth and our happiness."

Reference : Stephen Covey, Book : 'The 8th Habit', Chp: 'Discover your voice', pg 42

A job pays you for the role rather than what you can do!

From a book which I recently finished reading:

"A job pays you for what the role/designation does rather than for what you can do, which is why the compensation it pays doesn't justify your capabilities. Owning a business sets you free to use the full potential of all your abilities and interests."

Reference : Kanth Miriyala, Book : 'Entrepreneur 5pm to 9am', Preface

50 wise thoughts on business

Matthew Toren of Blogtrepreneur presented a lost of "50 wise thoughts on business that can shed some light on a path to living the life of a bona fide entrepreneur"

Here are my favorite 3:
1. If you don’t build your dream, someone will hire you to build his or hers.


2. Being an entrepreneur is living a few years of your life the way most people won’t so that you can spend the rest of your life the way most people can’t.

3. Building an empire takes passion and determination. Without passion and determination, all you have is business.

Read the complete list at http://feedly.com/k/1aYFlOO

Tuesday, January 7, 2014

The most successful people operate at the intersection of three things - passion, skill set and opportunity

"If you are an entrepreneur now or are looking to be one, don't be too opportunistic but be a bit more strategic about it.
The most successful people operate at the intersection of three things - passion, skill set and opportunity."

Reference : Avnish Bajaj, Co-Founder and MD, Matrix India, "In Conversation", Entrepreneur Magazine, Jan 2014

Business has only two functions - marketing and innovation

"Milan Kundera has rightfully said: Business has only two functions - marketing and innovation.
I have seen too many startups fail because of their inability to recognize and embrace this crucial fact."

Reference: Ajai Chowdhury, "Ajai's Take", Entrepreneur Magazine, Jan 2014

Selling ice to an Eskimo

"If you know how to pitch it right, even an Eskimo will be game"
"Eskimos don't really need ice machines. But then real need has nothing to do with sales. As long as we can 'create' a need for our products in the minds of our consumers, they will buy."

Lesson 1 - "Sell vanity and status, not the product"

"Our first meeting is with Koda, a 35-year old eskimo who has a wife and a young daughter. He invites us in his house for a demonstration of our machine. I have brought a baby pink machine with me, knowing very well that girls like pink. I can see his wife looking very lovingly at the machine.
I say, Koda, you are a successful man. You need to have this ice machine at home to make your wife happy and for your relatives to realize that you can afford to buy what they could never imagine. If you buy my machine, I promise I will not sell this machine to any of them.
Koda smiles. I have just used the first and basic trick of sales: 
Sell vanity and status, not the product. The image-hungry consumer will buy."

Lesson 2 - "If required, sell fear to sell your product"

"Atka is in his early 50s and lives with his extended tribe members. With a strong and compelling voice, I tell Atka : Sir you are the guardian...and this ice machine of our makes sure that any crystal of ice your tribe eats is safe and absolutely disease-free. A person like you will never take a chance when you know that a safer alternative is available. The tribe and its health come before everything else."

Lesson 3 - "Sell innovation, innovation and innovation"

"Our third meeting is with Hiti. He is a young man who has just started a restaurant and is very busy. It's been difficult to arrange a meeting with him. Inside his rather cold, blue colored restaurant called "Tihi", Hiti barely smiles and asks us to come straight to the point. I request for a glass of water and he beckons the bartender to serve us.
The moment I get my glass, I quickly slip my hand in my jacket and place what I have been carrying inside my pocket, safely into the glass.
These are real ice carvings, fashioned in the name "Tihi".
Hiti is stunned when he sees pretty delicate ice carvings carrying the name of his restaurant floating in our glasses."

"Always remember that sales is not a process or science. It is an art. It is a dedication, a mediation, and a journey that is unique every time you embark on it. When you really want to sell something, just dive into your buyer's souls and they will tell you how to sell to them."

Reference : Alok Kejriwal - Entrepreneur Magazine, "Thinking & Doing", Jan 2014

Be the best, not the biggest!

Fab's CEO Jason Goldberg's thoughts on what went wrong at Fab:

"Fab was supposed to be devoted to design, but the opportunity to grow changed that. Before he knew it, the company had strayed so far from its commitment to design that it had begun selling steaks online.

Goldberg writes that the new goal is to be the best, not the biggest. He writes, "We would rather take it slower and get it right than go too fast.""


Reference: http://www.inc.com/issie-lapowsky/jason-goldberg-what-went-wrong.html

Make one day simply better than the one before!

Fab's CEO Jason Goldberg on what went wrong at Fab:
"We had started to dream in billions when we should have been focused on making one day simply better than the one before it"

Reference : http://www.inc.com/issie-lapowsky/jason-goldberg-what-went-wrong.html

What is this Blog about?

I read a lot of stuff. Books & Magazines; Blogs and articles. This blog will have all the interesting Notes and Quotes from the stuff that I read, so that I can imprint what I read as well as refer to them when needed.

Just the small stuff that matters in life!

Business | Innovation | Entrepreneurial | Life | Management | Leadership