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Showing posts from October, 2008

Networking.... The guide to unlimited power...

The word network is a most common but least understood word in our day to day vocabulary. Network is something which you built initially and later it builds you. Let me begin with the definition of a network. Network is a cluster of entities bound together by a common purpose. We have the electric transmission network, which brings power to our households; we have the satellite communication network which brings home entertainment and telephone utilities. If we look around, we can actually see a network behind all successful systems. All successful personalities for that sake are highly net-worth individual. It’s the secret behind building a fortune out of your life, because it awards the individuals involved, with power beyond our imagination. It is this latent power of networking that helps the rich become even richer. Let me explain; suppose you start a cable TV operation in your town; you start of by providing connections to around 20 families in the first phase. Surely you’ll b

Mistakes...The more you make, the more the chances to win...

“Mistakes”- the very word brings fear to our minds. Everyone fears making a mistake but we’re even more scared of having to admit one. Have you ever thought why making mistakes is one of the most fearful aspects of our lives? Ever since childhood, our parents and elders have taught us the importance of being earnest. But even then all of us have lied on some occasion or the other. Why? The answer to the earlier question lies here as well. We’ve all lied because we were not ready to face the consequences. If some one told us, “Its ok child – tell me the truth, I am not going to punish you for it”, we would most often have ended up telling the truth. Any mistakes we make in our life, whether personal or official is also to be dealt with in the same way. If our boss, client or business partner has an attitude which tells us, “Its ok that you made a mistake – after all mistakes are stepping stones to success”; then we wouldn’t have any issue in admitting that we made one. It’s only huma

Momentum Revisited...More of speed than skill…

I could understand from the feedback received on the previous newsletter that some of you had difficulty in assimilating the new definition of momentum that I had put forth. So I have decided to revisit the topic and explain a bit further. In the previous newsletter I’d defined business momentum as the product of skill and speed. Most often we see in business, that leaders tend to increase their speed infinitely so as to compensate for their lack of skill, to keep pace with the market. This phenomenon can be clearly seen in the billion dollar retail industry. Almost all major players focus primarily on improving their customer network prior to improving the quality of products. This is because of the immense latent power in networking. It would be foolish for a retail distributor to limit his operations to a single centre and concentrate on improving his products rather than on improving the quality of operation. This phenomenon can be seen all around us, but we may not have given it s

Momentum...The product of skill and speed.....

Physics defines momentum as the product of mass and velocity. We all know how powerful an attribute momentum really is, in science and otherwise, not just because of the meaning it conveys but also because of the dangerous impact it can have. It’s just not enough to have mass alone or velocity alone, they need to complement each other, so that their product is maximum. We all know the power of a moving neutron; it is capable of disintegrating an atom 1000 times heavier than it. Let’s analyze the principle behind this. Even though the mass of the neutron is very less, the momentum it has gathered makes it possible to create one of the most disastrous bombs ever discovered by humans. Apply this principle to your business and you’ll be able to solve any problem. If we just apply a little thought now, won’t we get the answer as to how to build the largest business empire? The answer lies within you. The important thing is not how talented you are, but how many times in a day you use t

Commitment....You need to give all that you’ve got...

To be a winner we need to give all that we’ve got; in simple words, be committed to our goal. It is quite natural that we eat up most of our resources before tasting success. Success is not easy, but its simple. Opportunity comes unnoticed; it rings up the calling bell when it arrives. We usually open the door and see if the opportunity is for us, we either grab it or let it fly by. But it’s a mistake to believe success comes unseen; it doesn’t have to ring up the calling bell for us to notice. In fact, we can see it coming long before it even reaches our doorsteps because it is usually the product of our hard work, wisdom and the decisions we make. Another definition for commitment would be “to consistently persist”. To have commitment, we need to have a goal. Let me not use the word “dream” and “chasing the dream”, let me instead use the word “goal”. We all know we can achieve anything provided we are given ample time. But the question is can you do it in record time? When we set a