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Wednesday 19 April 2017
It is funny how sometimes when working out ideas (for whichever reason), businesses and individuals keep shooting themselves in the foot. The funny size is that when someone starts coming up with an idea, another person or the individuals themselves, immediately shot it down because x. Isn’t this about coming with new ideas? Why is it that we stop before it is fully formulated? We could argue that it was too dumb or too this or too that. The point we would be missing is that all ideas are good. Some may not be practical and still they are good. As more ideas are written down, patterns start to emerge, some ideas will trigger other ideas, etc. Even unpractical ideas can trigger great ideas. Never be afraid of expressing and writing down ideas. They are an excellent source of innovation, improvement and progress. What idea are you thinking about now? Write it down!
Tuesday 18 April 2017
As time passes, we see new businesses and new entrepreneurs becoming successful and after a while, they disappear. On the other hand, we know of successful businesses and entrepreneurs staying relevant and successful for ever. The secret the stay relevant for ever is flexibility. It is the ability to continuously adapt to ever changing circumstances, market conditions, competitors, etc. It is about changing and adopting new approaches and ideas while maintaining a clear focus on purpose of the business. The businesses and entrepreneurs that have the greatest degree of adaptability will be the businesses and entrepreneurs that will last the longest.
Wednesday 12 April 2017
One consistent trait successful Entrepreneurs have is the right mindset to make it happen, to learn from what it works and from what it does not work. Where all the barrier and problems are seen more as a new challenge, where setbacks are received as lesson on how to do it better… In short, the right mindset is also called the growth mindset, where the business person, manager, tycoon and individual focus on the bright side of all the events that take place and interpret them in a resourceful way that will allow the business to move forward. Carol Dweck’s mindset graph makes a great illustration on how the growth mindset can help business to improve performance and move forward more efficiently.