Home   .   Blog   .   Articles   .   Newsletter Archive   .   About Nelson   .   Contact Us   .   Giveaways   .   Affiliate Signup   .   Affiliate Login

You Are Here: Home > Articles > Home Business > Article

 

7 Pointers For Entrepreneurship Advancement

by Manoj Sharma (inspired by Mark Mobius)

1) Corruption is detrimental to business. When individuals do not do their job to the degree it needs to be done, various levels of corruption sets in. Corruption creates setbacks (financial and otherwise) especially for the individuals guilty of it and this ultimately hampers productivity. The consequence is a loss of predictability. For business to be successful in the long-term predictability (month on month, quarter on quarter and year on year) is crucial. Investors demand it and customers expect it.

2) Keep an eye on emerging markets. Emerging markets are often the areas of greatest growth and least competition for a business. This is not just about blindly diving into emerging markets, but identifying profitable niches in which you already have a core-competency or have the conviction to make a difference. Mature economies and industries experience low levels of growth while emerging markets are truly exploding at the seams. Do your maths.

3) Discipline is the secret formula to entrepreneurship success. There is no substitute for the daily grind of doing what needs to be done. Doing what needs to be done independent of your personal preferences is what separates the winners from the rest. Develop a culture of discipline.

4) Research, research, research! Know your field, your customers, your competition and mostly yourself. Then act relentlessly. Don't fool yourself into believing that knowledge is power. This is becoming increasingly untrue. Take a look at the direction the world is moving in today, and you'll see that knowledge put into action, is true power.

5) Patience is a virtue in any given age and time. This will still hold true a thousand years from now. Patience is not lethargy, inaction or "wait and see". Patience requires you to strategically bide by your time, hold your tongue, exercise humility, smile in the face of adversity and most of all not succumb to your ego. This is tough yet exceptionally rewarding. Practice it.

6) Flexibility and fluidity. Set minds are the chief cause of rigidity. Outside of sound business principles a business grows in direct proportion to how flexible and fluid leadership is and how nubile, ready and competent the rest of the organization is. Get rigid and an inevitable death and rigormortis await you. Bruce Lee's old saying, "Be like water my friend, be like water" apparently has business applications too.

7) Watch! Pay attention to the past—you can see its remains everywhere. If in difficulty, observe the operation of economies and countries that are "behind time". Be present to what is going on in the moment—be this on the fronts of policy-making, to know what is worthy of news or by keeping your ears to the ground and eyes in peripheral vision mode. This is what will make your decision making powers sound. Lastly, attempt to see the future to the best of your ability. This is the most difficult thing to watch out for and a fine art in itself. The future belongs to those who are looking out for the future, can see it coming and create accordingly. This is your biggest challenge. Seek assistance on this.

Keep these pointers at the front of your mind as you face the challenges of business today and you're welcome to drop me a note to share how well they served you.

Manoj Sharma is Managing Director of DifferWorld Pte Ltd, a people-potentialization company. He is one of the most sought-after thought leaders and professional course presenter in the field of human potential, and is also a student of ontology, logic and life studies. Check the DifferWorld website for course preview details.

 

Share this article:


comments powered by Disqus

Get free daily or weekly news updates from Internet Mastery Center delivered to your inbox. Simply fill in your name and e-mail address to download your FREE 92-page social media report in the right sidebar. It only takes a MINUTE!   For top stories in Internet Marketing, follow us on Twitter at @webmastery.

Recommendations

Select an Area of Study
Select Your Highest Education Level
Financial Aid Options Available
Online Schools Search Provided by YourDegree

For more Internet Marketing updates >>

 

Friday, 22 Aug 2014 01:54 AM

Loading

Download your FREE report on social networking/bookmarking.

Monetizing Secrets Of Going Web-SocialInside this 92-page report is a social media marketing blueprint proven to generate more traffic and leads with the latest Web 2.0 strategies. It focuses on 2 hot aspects of Web 2.0: social networking and content propagation. It also suggests resource links to Web 2.0 scripts and tools and how you can employ Internet Marketing techniques to convert visitors from social networking sites.

Subscribe Now...It's FREE!

Connect With Nelson At:

          

Traffic Black Book

Link With Us!

Gotlinks

Interlink Exchange

Site Map

Hosted By Web Hosting by iPage


Internet Mastery Center has been providing Internet Marketing expertise since December 2003. Its mission is to ensure every aspiring marketer is well equipped with all the necessary Internet Marketing know-how and programs.
Copyright © Internet Mastery Center. All rights reserved.   
Anti-Spam Policy | Terms Of Use | Privacy Policy | Affiliate Agreement