Don’t Get Bullied By Your Own Ideas!

September 29, 2009 by Chris  
Filed under Leadership Skills

Quite an interesting title, isn’t it? But this is the scenario today where thousands of individuals raise money for their businesses only to get bullied by their very own investors at the end because just that, idea didn’t work but I can understand you perfectly well, as an entrepreneur there are lots of ups and downs till you reach your final destination. A funded start up is always demanding from its deepest core since the time of inception to the growing process and the final delivery process, as much as investors are looking for profits from the venture, you try to achieve to the fullest that is possible from your end but what if the idea itself doesn’t work. This may happen because there was no proper marketing mix, probably the idea was out dated, or may be your customers were finding it costly, there can be N number of reasons you can state for your failure.

Some people think that if they rake in good number of investors in their company either from joint venture or selling the stakes in the companies, it is good sign of success. Then I think, they are highly mistaken for the fact, that most of take over happen because company is facing turbulent times, now there are again 2 possibilities, investor may come in due to his personal interest or simply want to help the company but the profit motive always remains. A person’s hard earned money is always the biggest risk individuals take while investing in risky businesses especially when it has no profits or shown downward spiral.

Sometimes, when you get investments coming to your company, you are easily excited about getting money and starting with few more ventures but you really miss to know, that it can really become hard for you in the future as most of the times even when its your idea of a particular business or marketing tactics to be used for product, there are investors who make major decisions of the company and that really bites your nerves. You have to do as per their wish only because they are the investors! Now that may or may not get consumed by many individuals, though you can always proceed towards achieving your goals tactfully even when they are against your decisions.

investments

I had been attending so many conferences and workshops about entrepreneurship, take over, joint ventures and many more, the end point that they discussed was are investors really be allowed to take company decisions when they really don’t know anything of the process they have invested in, let some things be left to the individuals who are actually experts in it. The idea here is not to get bullied by your own people may it be your investors, your colleagues, your partners. If you are wrong, they can surely pin point anything. My advice to you is, use your ideas in a more receptive manner and make them understand if they don’t agree with you. Sometimes even the majority decision taken in a company fails due to improper project report or lack of judgment matter or due to peer pressure – juniors follow their seniors blindly without thinking logically.

young entrepreneur

An idea comes to a person only when he can think rationally, logically and practically. Although it fails sometimes but not always as, “Failures are stepping stone to success”, no one gets success without facing the failure and as time moves on you tend to learn by your own mistakes, you made as a young entrepreneur. Experience is all it wants, make proper study reports, presentations, market research, individual customer data and company financial data of a company – after analyzing all of these you can proceed ahead to fetch in investors and this will make sure that no investors ever bullies or surround you next time. Prepare yourself for all types of possible questions, give them the answers in a very quiet and dignified manner and you will never miss to win their hearts!

Drive your business ahead by gaining momentum! – PART II

September 14, 2009 by Chris  
Filed under Leadership Skills

So, back from a hard day’s work at your office. I hope by now you must have got some knowledge about gaining momentum in your business. For new entrepreneurs, it’s a little difficult to start gaining momentum, as you have to build that trustworthy ness amongst your customers. Once they start liking your products or services you can move on to other areas. In my studies in the past, I have seen the most important things an individual lacks is the VISION to run your business. Unless you set up a vision for yourself, you don’t have anything to achieve. Only when you have a particular vision then can you start following your goals and take steps to achieve them desperately. Decide on your goals which you will follow to gain that much need momentum, consult the experts in the field or hire professionals if you find difficult to organize your work but decide on the vision first.

If you or your team is not clear about particular subject topics, then it is best to clarify it now rather than asking it at the end that might make the task tougher. Get the best, give the best with clarity of mind and make your customers happy, in no time you will see that you have gained enough momentum then you actually expected. It’s best to avoid any confusion later by solving it right now because there might be some chance of improvement. For doing great business from very start, you have to develop your business plans in advance and discover your strengths and the areas where you lag behind, working upon your weaknesses would assure you good results later on.

Discover your core potentials by exploring on your on and create a standard for yourself that will never show a downward spiral, achieve the best to give the best should be your motto while serving your customers. If you are not

drive your business forward

finding any solutions to a particular problem that is driving you crazy, you ought to find out the root cause of it. Finding the root cause is not difficult its simpler than what you think, explore the areas where the problem is and know the reasons of their failure and what steps can you take to rectify them will surely let you come out of all this.

Our mind functions as per the inner knowledge we have in our brains that is especially due to the mind set that you have set all these developing years of your life. A clear mind set relating to business tactics is fruitful for young entrepreneurs as they have knowledge, skills, technicalities, resource and the mind goals to achieve no matter what. So mind set is the real force that will let you win in the battleground of momentum, achieve momentum not because your business needs it, but because your business has right for.

Discover new avenues and ideas to run your business with modern technologies, don’t stick to your old mindset, develop new ones and be open to new ideologies. The world is getting smaller and you are no far from your customers too so make the most out of it. Read more on Drive your business.