Monday, March 31, 2008

The First issue with start up

This journal entry is a true narration of what I have been going through ever since I forayed into my home based business. As I continue to work with my current employer, I found the idea of home based online business as the most feasible one. But then I am severely dissatisfied by the progress I have made. Reason... Lack of discipline. All my plans in place but my discipline is not. This fact though displeasing, appears to be quite obvious. As a person I have been working under the supervision some unknown force (The unknown director). This director decided my course of action for most of the time. Some times the pressure of impending semester exams played the role of this director and sometimes it was my job, and thus most of my plans were followed. Fortunately (Rather unfortunately), this director is missing in the start up and thus I hardly have any director monitoring me. Result... A totally haphazard approach towards the business. I do set plans for the weekend (not the movie plans), but then when the weekend actually arrives , I end up doing something else and the task that was supposed to be done, either gets infinitely postponed or cancelled.
With this, I would love to share my first learning about goal setting, planning and abiding by it (of course):
1. Be very precise and a hardliner about what you want. Do not give up your plans for some other apparently lucrative opportunity, till it actually is justifiable.
2. Take a good deal of time to plan. Though that may sound funny but then the better thought the plan is, the more are the chances of it getting followed.
3. A plan doesn’t get followed only in two cases (applies only to start ups). First, the planner has got a lucrative offer or an opportunity and thus he does not find it rational to execute the preset plan. Second, the planning was done without keeping time and personal constraints in mind.
4. Be proactive instead of being reactive. Stick to the preset plans instead of reacting to every second lucrative opportunity.
5. Set a time bound goal (Entrepreneurship basics 1) for all you activities. Modularize it and take them one by one, instead of biting bigger that you can chew.
Last but not the least, at very step you’ll be faced with choice between a seducing immediate profit and a visionary long term profit. The decision here solely depends on the kind of business model followed, and thus good or bad cannot be decided in this case at least.

Wednesday, March 26, 2008

Some action on cards now!!!

Views you can use:

Going forward from now, I will try coming up with more interesting issues through my blog, to my readers delight. With this in mind I have decided to come up with new topics, information and internet research. I also welcome suggestions on this front. As usual my mail remains saurav.craze@gmail.com. The new topics that I propose to come up with are

Writing business plans and business start ups ideas

My reviews on online business

Internet evolution

Extracts from books, newspaper and journals pertaining to Business, Life of some great business leaders

News and views on latest business developments

Online resources and links to sites relating to entrepreneurship, start ups and business

Entrepreneurship within organization, etc

What will continue to stay unaltered will be my book reviews (I love books, you see), the
Entrepreneurship “GYAN” (The extracts from my training), The trivia thing may slow down a bit, as it already has.
In the nutshell, I propose to make this blog a one stop destination for all those who aspire to make it big in their life. Standing true to the name ... Spectrum, from ambitions to observations.
One more promise... I’ll be far more regular than one article a month :D.

Note: The views you can use articles will be tagged with “VYU” tag on the top left.

Wednesday, March 19, 2008

The Unknown Director

The books of psychology bear it as a fact that at any moment nearly 2000 forces act on us and that the most dominant of them determine our course of action for that day. The forces can be categorized as Physical forces, mental forces, emotional forces and spiritual forces. These forces can be further classified as professional forces, relational forces i.e. the forces exerted by relations, financial forces and so on. How I define life is a combination of these forces. But then what hurts most here is the fact that our life is controlled by something external to us. The concept is quite simple, those who break out of these forces to follow the force internal to them wins. The world out there is extremely competitive, but then when you take the road less travelled, you don’t find many competitors. This competition wanes into a group of elite few trying to carve out their own destiny. I may be sounding quite philosophical, but then that’s the reality.

Keeping the achievers aside for some time, let us talk about our lives. Few may not concede with me. Lets take an example, every morning when you wake up, you have a dominant professional force acting on you. Thus you quickly dress up and make it to office on time. But what about your weekends? Can you figure out what you are going to do this weekend. Why? What went wrong rather say missing? It’s your most hated professional force, and thus you have a severely directionless day. Is this all we are worth? At this point I strongly recommend that we pause for a while and ponder, which direction are we taking our life in?
The motive of this post is to sow a seed of thought can incite you to view your life from a different perspective, a different view and with refined aspirations. Even if this post helps one person to redirect life in a more meaningful direction, I’ll consider my purpose served.