Category: Entrepreneurship

Entrepreneurship

3 Strategies to Retaining Your Best Employees

Hiring the right people in your organisation is by itself a monumental task, but the process doesn’t end once the hire ins your organisation. It is extremely critical to train and engage these employees so that you can help them attain peak performance. Apart from this, you also need to have a strategy in place to retain your talent. And this is not HR departments responsibility. In fact, the responsibility of retaining the best employees rests with the CEO or the leader of the organisation. Table stakes Having a good compensation and benefits package is table-stakes. If you falter here, […]

Entrepreneurship, Podcast

PBTO19: Profit First – A Simple System To Transform The Way You Run Your Business (@MikeMichalowicz)

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Who is on the show today: In today’s episode, we host Mike Michalowicz. Mike is an entrepreneur and author of three books – The Toilet Paper Entrepreneur, The Pumpkin Plan & Profit First. Why is he on the show By his 35th birthday MIKE MICHALOWICZ (pronounced mi-‘kal-o-wits) had founded and sold two multi-million dollar companies. Confident that he had the formula to success, he became an angel investor… and proceeded to lose his entire fortune. Mike is now running his third million dollar venture, is a former small business columnist for The Wall Street Journal; is the former MSNBC business make-over […]

Entrepreneurship

Are you an Entrepreneur or a Freelancer?

Earlier this week, I had to take my wife to a clinic to get her an ultrasound scan. When we called up the diagnostic center, we were told that if we needed an appointment, we have to wait for at least a couple of months and if we wanted to get it done sooner, we can walk in on any day and wait there at the reception and they will sneak us in whenever they have a gap between their appointments. Since we wanted to get the scan done sooner than later, we landed at the diagnostic center at 7:45 […]

Entrepreneurship

An Example of Product Development Being Done Right – Wolk Company

When it comes to developing a new product, I have always been advocating that you first need to define a target market and then work hard to understand their needs (stated or otherwise) before you even go to the drawing board. This is at the heart of great product development. I came across “Wolk Company” today and was totally taken blown away by the work that they are doing. They have developed an air bag for the elderly to prevent damage to their hips when they fall. With more and more countries becoming home to more and more senior citizens, […]

Entrepreneurship

What do Great Entrepreneurs do?

I was reading Seth’s new book – “What to do when its your turn [and its always your turn] and came across the section, where he writes – Great work is the result of seeking out tension and not avoiding it.. This got me thinking and I came to a slightly different realization than the one that Seth was alluding to in his book. I believe that this is exactly what entrepreneurship is all about. As entrepreneurs, we seek out tense situations and find creative ways to resolve the tension and make money in the process. I believe what separates […]