My Power Quote !

A good book on a rainy day is happiness for me - Ruskin Bond

Friday, April 19, 2013

BUSINESS NOT AS USUAL !


The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little  he can give for a dollar, is bound to succeed.

                           – Henry Ford

There is a Chinese proverb that if you can't smile, don't open a shop !

The whole secret of business centers on this precept, but few take this lesson too seriously.

Honestly, if this gesture is brought in, it would  have a profound impact on the business we do. So the eternal mantra for businessman is to treat customers with warmth. Those who earn this quality will see a sea of difference.

Richard Branson, the English business tycoon with more than 400 companies under Virgin Group defines business as something involving, fun, and it has to exercise your creative instincts. Thomas Watson, the former CEO and chairman of IBM adds that you should have your heart in your business and your business in your heart.

The businessman could achieve huge success in his venture if he has an alertness of a soldier, hard work of a player, concentration of a scientist, enthusiasm of a student, , presence of mind of an actor and optimism of a trekker.

The relationship he is trying to forge with customer should be a lasting one with quality as a buzzword. If he builds trust with customers based on honesty and mutual benefit, the demand for his product remains perennial.

Why some people may not succeed in business is due to the fact that they think in a monotonous way and expect miracles to do their business.

Creativity on daily basis should be a hallmark of any business.

The most successful business people refine their business strategies constantly and sometimes wisdom comes from unexpected quarters. India's auto-mobile giant Anand Mahindra makes spider as his guru because it starts spreading its web from the point it feels convenient. So the Sutra is : instead of waiting at which point you have to start, better to start immediately than wailing for an opportune moment.

Narayana Murthy of India’s software giant Infosys says that innovation should be prime driving force for any business. He advises business people to innovate on daily basis. He adds that creativity coupled with team work will pay high dividends in business. Mumbai's Dabba wala epitomize the highest ethical standards in business. Countless management graduates of international repute  interact with them regularly to know their business secrets and their networking skills especially their abilities to precisely  to deliver hot food to office goers  in bustling Mumbai City.

History is replete with countless examples of so many successful business people who built their empires with quality and innovation as prime fuel. So before you venture into any business,  don't forget these immortal words of America's iconic steel magnate Charles M. Schwab : The man who does not work for the love of work,  but only for money is not likely to neither make money nor find much fun in life.

Thursday, April 04, 2013

BUFFETT's BEST ADVICE


Money is a handmaiden, if thou knowest how to use it ; a mistress, if thou knowest not.

                 - Horace (Roman Poet)

People generally give a lending ear to listen a word of advice from a prominent person of society.   If that advice comes from one of the richest persons on planet, it would attract more eyeballs.

Warren Buffett, one of the wealthiest men on this planet is undisputedly the fountain of advice both on financial and personal arena.

In the era of glittering websites to enrich their looks, Buffett’s company Berkshire Hathaway Inc’s website is so simple and elegant. It not only loads swiftly but also clutter free, leaving no room for confusion to obtain required information.

The website of Buffett epitomizes his philosophy of life. If we peep into his personal life, it is apparent that he regrets of buying his first share at the age of 11 years which he feels too late.

This American business magnate and the most successful investor of 20th century has very humble beginning. He started earning income at a very early age by selling newspapers.

In these days of lavish life styles, Warren still lives in a small 3 bedroom house in the mid-town Omaha (U.S) which he bought 50 years ago. Further he drives his own car everywhere and does not have a driver or security people around him.

He never travels by private jet. He writes only one letter each year to the CEOs of his companies, giving them goals for the whole year. He never holds meetings or calls them on a regular basis. He has given his CEO’s only two rules : Rule Number : 1 : do not lose any of your share money. Rule Number 2 : Do not forget rule number 1

Buffett does not carry a cell phone nor has a computer on his desk. After first meeting with Buffett, Bill Gates (Microsoft) became his instant devotee. Buffett’s advice to young people : Stay away from credit cards (bank loans). He says that money does not create man but it is the man who creates money. He further says that live your life as simple as possible.

The most stunning advice of Buffett which caught my attention is : Don’t waste your money on unnecessary things ; just spend on them who really in need rather.

When I read about Buffett, I was terribly inspired by his exemplary life style. Prevailing on the wisdom of simplicity even at the height of success and wealth is really inspiring.

 Hats off to this man of ultimate simplicity ! 
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