You can't keep on thinking sloppy thoughts and feeling random emotions and expect success. In order for your business to grow or your professional activity to take off, you must BE clear, THINK clearly and FEEL GOOD about it. If not, your business will stagnate or suffer the yoyo syndrome of growth/recession for ever.
What is the single most important core competency one has to develop to start or develop a business?
This question is routinely asked by someone in business development forums. Someone of course who has an answer. Don't expect me to be an exception to this rule.
I would like to think about this question with some sort of historic perspective.
I can’t insist enough that making money cannot be considered as a goal. It can only be seen as a by-product of who you are. This is true on an individual basis, as well as on a collective basis.
When it comes to financial goals, the rule is: don’t make any.
Then what are goals? Well, in business and engineering, this word is fairly straightforward. If we want something, we express it, then express its key measurable characteristics, measure them to define the actual state, then express a desired outcome based on these measurement. Then we build a project, which is the way to get there and how long will it take.
In this speech, Harry S. Truman introduced the “FAIR DEAL ACT” which is essentially a call for social responsibility. Social responsibility is a part of the industrial scene, and has always been. President Truman’s 1949 speech could be given again today without changing a word (Ok… maybe change a number or two!). So what has happen in 65 years? Have these efforts been wasted?
Part of that answer lies in the structure of the system itself: We are using the same economic tools in the same way as in 1949. The same dashboards and performance indicators, we are analyzing data through the same filters and biases, we are promoting the same values and ideals.
Apple CEO Tim Cook reminds us of what every CEO in the world should know: Strategic decisions are made for the well being of the company (or what the company is all about) not for the short term gain of investors or group of investors. His recent anger against NCPPR shows just that.
There is a reason for it, today is the CEO’s Birthday.
I am referencing a post by Guilhem Bertholet “Les principales causes d’échec d’une startup…” (The main causes of failure in a start-up). I like this post because it contains only 9 points out of 10, which makes it an original “10 best” or “10 worst” type of list. Also because it focuses on more human and personal aspects than many lists which mention capitalization, education or market sector.
Many things have been said about leadership.
Do you ever sit down to ponder over the message in just about every personal development or self-help systems have in common?
They all talk about how YOU have to be in charge.
Some try to define who the “YOU” really is. But whether “YOU” is your conscious self, your subconscious self, your divine self, or whoever, the concept of “YOU” being in charge is important.
Some also try de define in charge of what: in charge of your feelings, in charge of your life, in charge of whatever you feel you must change to be a better or happier human being.
We often like to prioritize our needs as a way to know what to really focus on in our daily business practice. Then following question comes to mind: What is the single most useful asset when doing business?
Those who have skipped ahead and read the title of this post already know what my answer is of course. But lets consider the most common answers:
- A good Product or Idea.
- A good Business Plan.
- Solid Financing.
People may hesitate as to the order but there you have it.
These are great tools. They will get you working. They will get you earning money. And with luck, they might make you a star millionaire entrepreneur.
But will it give you a truly sustainable business? How often do we see an old generation product driven out of the market by a new generation? But whatever happens, the market need is always fulfilled.