Ideas Worth Spreading from TEDxGurgaon

Speakers at TEDxGurgaon
Speakers at TEDxGurgaon

After TEDIndia (held in November 2009 in Mysore), TED enthusiasts are showing up in various parts of India – a partial list is here: TEDxAhmedabad, TEDxBaroda, TEDxBengaluru, TEDxChennai, TEDxKonkan, TEDxMumbai, TEDxPilani, TEDxPune, TEDxShekhavati (see more here).

This list, at best, is a good start because the awareness about TED is still “poor”, to put it mildly. Many people who registered for TEDxGurgaon (held on Saturday, 27 February 2010 at Epicentre, Gurgaon), did not turn up (without communicating about their absence) and some attendees did not know about TED.

So, the task is cut out for us!  Let us do our “two bits” in helping spread TED, a non-profit organization “devoted to giving millions of knowledge-seekers around the globe direct access to the world’s greatest thinkers and teachers”. TED’s mission states:

Our mission: Spreading ideas.

We believe passionately in the power of ideas to change attitudes, lives and ultimately, the world.

So we’re building here a clearinghouse that offers free knowledge and inspiration from the world’s most inspired thinkers, and also a community of curious souls to engage with ideas and each other.

To know how you could help, read here.

TEDx is a program that enables local communities to organize, design and host their own independent TED-like events. These events are expected to mirror TED and the local organizers are advised to be “cross-disciplinary, focused on the power of ideas to change attitudes, lives and ultimately, the world”.

TEDx guidelines include playing a minimum of two TEDTalks videos – TEDxGurgaon played many more than that – including Karen Armstrong, Bill Gates, Jamie Oliver and Kiran Sethi. The first of these was an introductory video by Chris Anderson. He talks about his life, career and future of TED (including happiness). Here is an excerpt:

And I discovered that while I’d been busy playing business games, there’d been this incredible revolution in so many areas of interest — cosmology, to psychology, to evolutionary psychology, to anthropology, to — you know, all this stuff had changed. And the way in which you could think about us as a species, and us as a planet had just changed so much, and it was incredibly exciting.

Live speakers are typically allowed 18 minutes. Here is a quick summary on conversations and provocations initiated by Live Speakers.

Kishore Bhargava started off with a talk on Photography (especially, how geeks view/pursue it)- running us through its history from 4 BC to 2009 when Kodak stopped production of its Kodachrome color film. He shared about some latest trends in photography including HDR – High Dynamic Range photography. 

Kishore talked about the impact of using multiple frames per second and illustrated the same with two stunning visuals – one that of snake bite and a needle prick on a water balloon. During the QA session, he shared how the bird feeders at his home attract 32 species of birds directly to his home in Gurgaon.

If you are a photography enthusiast, you might want to view some of the TED Videos (87 on last count) on photography.

Prayas Abhinav shocked many in the audience with his advice to “Get Lost”. The fastest way to so (in life), he says, is to disconnect : simply stop calling back people and stop responding to emails. He warned us that routine interactions are loaded with ‘directional vehicles’, which subtly compel you towards ‘pre-determined’ directions. There is a “pressure “of always having to “add value” and “be of use” to something or someone.

One of his creations is “Bhatka Bhatka” – a pair of shoes (using GPS, java code, LED and vibrator) which blink RED in a known location and the vibration intensity increases as you get nearer to a known location. This helps in discovering new and unknown places in the city. He recommends “Drifting” in this age of information glut and these shoes help people “get lost” and discover new and unknown places in the city.

Chatting with him during the break revealed deeper implications. If you can ‘Get Lost’ from external noise & expectations, you have a chance to connect to your truest self and the subsequent ‘discoveries’ and ‘creations” are likely be invaluable (especially for you, and, often for society as well!).

Prayas calls it ‘The Liberation Zone’!

Over coffee, he suggested creating a workshop for Idea (re-)formation & shaping- especially for entrepreneurs with long tail product ideas.

Osama Manzar shared his life journey – starting with the ‘confusion’ with his name ‘Osama’, his education in a Madarsa (reading Qur’an multiple times without understanding a word) and his career in journalism (Computerword, Hindustan Times). Next, came the success story with his software company called 4Cplus, which he quit in 2002 (sold his options) to start “Digital Empowerment Foundation” (DEF).

DEF works towards taking ICT to rural areas across all languages. He has some powerful ideas on creating a “Bottom Up” revolution in India. This includes a movement to publish a few hundred thousand portals online for village panchayats, MLAs and MPs.

Here is a powerpoint presentation on DEF’s vision and programs.

Atul Chitnis initiated a provocative talk on ‘Online Communities-beyond social networking’ – he observed that Social networking sites like Facebook,  Orkut and Buzz (Except Twitter) are NOT online communities. Most of the interactions on those sites are superficial and ‘Real’ (read meaningful) conversations are lost. This caused a flutter in the audience and a few attempted to defend the social networking sites as an access tool for the masses. 

It seems there are two problems:

  • The apparent social ‘malaise’  – inane and vacuous ‘social interactions’ (and commercialization – once you are categorized, marketers start hounding you)
  • A technological challenge – preserving meaningful conversations and a mechanism to easily search them. Despite hashtags and twitter archiving tools, this clearly is a big challenge. [Read this Twitter Nostalgia – “a good business opportunity”]

Mark Parkinson, Director of the “Best day school in India”,  talked about revamping the education system in India – a long list of proposals and actions items. In a break, we discussed his attempts to implement his vision in other schools and the bureaucratic/societal hurdles he faced. While answering a question, he observed that Life is play and why can’t all studies be fun! It would be a real revolution to have more and schools adopt this philosophy!

Aparna Wilder  shared about her latest project under globalrickshaw (they make short-films to spread awareness about social issues).  Her latest videos follow teenage girls as part of an almost year long program aimed at empowering them with life skills education and sports.

The last talk was  by Abhijit Bhaduri, author of two bestselling novels with MBA acronym – Mediocre But Arrogant and Married But Available. His talk was on ‘What makes you happy’. His proposed three ‘different’ elements – Joy, contentment and happiness. His conclusion: True happiness comes from finding meaning and helping others find their ‘personal significance’.  He referred to Viktor Frankl’s book “Man’s Search for Meaning” and the famous words from Nietzsche:

“He who has a why to live can bear with almost any how.”

During QA session, he warned against “temporary” joy and contentment – for example, he classified money as a ‘hygiene’ factor’ (taking cue from Frederick Herzberg’s theory).

Want MORE happiness? See some of the TED Videos (132 on last count) on happiness!

May you have all the happiness (don’t miss Chris Anderson’s video) in the world!

Long Live TED!

May TEDx events multiply exponentially all over the world!

Amarendra Srivastava

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Samsung Techonology@Home: Story of a Brand

Kishore Bhargava
Kishore Bhargava

Event: Samsung India (LED and LCD TV) organized a unique workshop on future technology & aesthetics – Technology@Home. Date: Saturday, Jan 09, 2010. Location: Chocó La in Khan Market, New Delhi.

I remember a German colleague being amused on seeing a lubricant being sold with the byline “superior German technology”  at a petrol pump in Delhi! Whenever we see a label like “Made in German” or “Made in China” immediately our mind throws up stereotypes! So, what is YOUR image about the Brand “Korea” and more specifically “Samsung”? Any pre-conceived notions? Do send in your comments!

There has been a pereception about Koreans being clutter-oriented and going for overkill in design.

But, my experience has been different. If fact, there is an interesting 500 year old story on how Koreans designed their own alphabet to carve a unique identity (Branding Strategy?) seperate from Chinese (and later with Japanese).

In 1414, Sejong the Great initiated a project to create the unique Korean Script (till then they were using Chinese characters with special symbols). It took about 2 years to design the script, but the resulting system is a LESSON in simplicty.  The script, now  known as Hangul (or Hangeul or Hankul), has been variously applauded as “remarkable,” “the most perfect phonetic system devised,” and “brilliant, so deliberately does it fit the language like a glove”.

For example, visually, Hangul scripts starts off with ㄱ ㄴ ㄷ ㄹ ㅁ- How simpler can you get!  There are other interesting elements like shapes of consonants matching shape of the mouth when you make the sound! (A personal tidbit: I enjoyed learning the Korean alphabet when I was associated with QuarkXpress Korean team in India – but, no comments in Korean language please, that was long ago!).

Fast forward to the last decade when Samsung was a low-end consumer electronics company and they decided to accelerate up the “Value-Chain” and give “Samsung TV” a central role in overall Branding strategy. As Businessweek reported:

Most people carry their mobile phones with them everywhere, while their TV is the center of the family room. “We wanted the brand in users’ presence 24/7,” says Peter Weedfald, head of Samsung’s North American marketing and consumer electronics unit.

Jez Frampton shares how the Samsung mamagement transformed their “attitude, behavior, and business strategy” by making brand value a key performance indicator (KPI) for its top executives:

It (KPI) enabled the team to focus on the activities, messages, and business areas (not to mention a focus on design and experience) – all of which we knew would lead to the greatest increase in brand value. This affects budget-setting, allocation and, of course, provides a simple metric for success: “Did we create brand value?”

History reveals that this was a clever move. Samsung witnessed a significant increase in both brand and shareholder value. They soon outgrew Sony, the original challenge that Samsung’s executives had set for themselves before the KPI program was initiated.

Interbrand, the international Brand Consultancy, has played a role in this process as they have helped Samsung raise its brand value to US $16.8 billion. Interbrand’s Best Global Brands 2009 lists Samsung at 19th position (up 2 from 21), but a 1% dip in overall Brand value.

So, what are some of the Branding lessons here? Let us list a few:

  • First, send a clear and consistent message INTERNALLY across all teams
  • Second, have a long-term branding building strategy – you cannot keep shuffling on short-term trends
  • Third, sweat the small stuff – if “innovation” is your brand recall message then you need put in more effort in research than anyone else

Coming to Chocó La event, Technology consultant & Open Source Wizard Kishore Bhargava gave a captivating presentation on how one can create a centralized set-up to integrate all your Audio-Visual needs at home – movies, music, images and games.

Next, Interior Designer and columnist Rekha Nambiar  gave a fluent talk on the challenges of the Indian Home (“loose wiring”, et al) with some handy tips on lighting & acoustics.

Later, Abhishek Rajan, Senior Product Executive and Prateek Seal, Senior Manager, Marketing, shared interesting facts and stories about LCD & LED technology (including how salesmen of some brands make you feel the “Liquid” in an LCD to indicate better quality!).

The event was organized by Blogworks: Rajesh Lalwani, Rajika Talwar, Manpreet, Amita and everyone else did a nice job in making eveyone comfortable and ensure good participation.

Disclosure: Received this Twitter T-Shirt like everyone else present. But, did NOT receive the LCD TV which was bagged by Hardik in a quiz contest:-))

Twitter Shirt for @amarsrivastava
Twitter Shirt for @amarsrivastava

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Intellectual Property and its relevance to SMEs

Dr. Ashok M. Adur's Intellectual Property Illustration
Dr. Ashok M. Adur's Intellectual Property Illustration

Most medium and small scale companies in India do not leverage intellectual property as a strategic tool to accelerate their commercial success. For example, when you have an idea for a business that is unique, that has a value proposition, you have some intellectual capital. How do you derive value from it?

Intellectual capital is not just about filing patents. It is the aggregate intellectual material knowledge, information, intellectual property, experience that can be put to use strategically to create wealth in a company.

However, it is rare that an SME owner would have access to in-house IP expertise. One way out is to hire right consultants. This could be critical for your business if you wish to grow over a longer time horizon with a sustained competitive advantage.

What could be the benefits of hiring the right consultant to guide your growth and maximize the value of your intellectual property? We list a few benefits here:

  • Dramatically Enhance Value, Competitiveness and Market Share
  • Assessment and Transfer of  Technology
  • Product Development for Various Specialized Applications in Many Diverse Industries
  • Market Research, Competitive Analysis, Business Development and Worldwide Marketing
  • Material Selection, Formulations and Product Development for Optimization of Performance, Cost and Processibility
  • Accelerating Projects from Conception to Innovation to Patenting to Commercialization and Product Introduction
  • Productivity Improvement, Scale-up, Cost Reduction, Quality Improvement, Quality Control and Quality Assurance
  • Strategic Direction and Planning and P/L Turnaround
  • Patents and Licensing – Legally Getting Around Existing Patents
  • Trouble-Shooting and Technical Service
  • Helping You to “Go Green” by Utilizing Recycled and Bio-derived Materials and Using Recycle Materials for Value-Added Applications
  • Other Business and  Technical Areas in Plastics, Polymers, Composites and Packaging

 In subsequent posts I shall provide more insights on how to do so.

Author: Ashok M. Adur, Ph.D. in Polymer Science & Engineering

  • Innovations Consultant; Product, Business & Strategy Development; Optimization of IP, Cost & Resources.
  • Consulting Experience since 1992.
  • Published 13 papers in professional journals and presented over 45 papers at regional, national and international professional conferences. Also moderated and organized some conferences.
  • Listed in “Who’s Who in Plastics” and “International Who’s Who of Entrepreneurs”.
  • Developed several new proprietary inventions, over 66 patents applied, 26 granted so far, resulting in commercializing numerous value-added products to meet specific customer needs and in new annual business of over $1 billion.

Franchise India– Entrepreneurship Summit 2009– F & B

Franchise 2009 Food, Beverage and Hospitality
Franchise 2009 Food, Beverage and Hospitality

Thursday, November 26, 2009. Ashoka Hotel, New Delhi. Day 1 of Franchise India 2009. Continued from Franchise India – Entrepreneurship Summit 2009 – Specialty Retail.

Another interesting session was “Business Opportunities in Food & Beverage Sector”. The speakers were:

  • Mahmood Khan, Hospitality Expert Virginia Tech, USA
  • Pavan Gandhok, CEO, Litebite Foods
  • Gary Moore, MD,The Pizza Co., Thailand
  • Rakhee Nagpal, MD & Chairperson of DVS (Moderator)
  • Luis Daniel, General Manager, KRR International
  • Ankur Sharma, General Manager Business Development , Yo China

Mahmood Khan shared how more than 200 fast food franchise brands have been in developed in USA – a critical factor being ubiquitous Highways (necessitating “quick bites”). He claimed that F&B is a recession-proof business because people will NOT stop eating. His another observation was that today’s customer does not have patience. Technology plays a big role in dealing with customer’s “instant needs”. So, you need to know “real needs of the customer” and continually watch “where the technology is going”.

Pavan Gandhok, CEO, Litebite Foods, opined that the challenge is to present local cuisines in an interesting manner – these items (like vada paav, paav bhaaji, samosa) account for 70-80% of the market and whosoever cracks this code is likely to make lot of money.

Gary Moore, MD, The Pizza Co., was excited about India and said that India is the biggest potential market we have seen in a long time. He emphasized on having “systems in place”. He said, “Brand is a promise of consistency” and successful entrepreneurs achieve that by engineering opportunities for the long-term. Apart from adequate capital, an entrepreneur needs to ask him/herself:

  • What have I developed?
  • What have I grown?
  • What is my passion?

Luis Daniel, General Manager, KRR International, (who started his career as a McDonald crew 25 years ago) shared that after about 3-5 years when operational systems of a business have been set (facilitating smooth expansion), an entrepreneur can “work less and make more”.

Ankur Sharma, General Manager Business Development , Yo China shared that capital needs of a franchise business range from Rs. 3 lakhs to Rs. 1.5 crores. At the smallest level, Kiosk models can yield 100% ROI in one year. A full-fledged restaurant model  can yield 30-35% ROI in one year.

franchise restaurant services market size
franchise restaurant services market size

Franchise India – Entrepreneurship Summit 2009 – Specialty Retail

Franchise India 2009
Franchise India 2009

Thursday, November 26, 2009. Ashoka Hotel, New Delhi. Day 1 of Franchise India 2009 saw scores of enthusiastic entrepreneurs eagerly evaluating various franchise opportunities (300 brands) in India.

Billed as “Asia’s Biggest Franchise Show”, the event came alive in various sections – Brand License 2009, Entrepreneurship Summit ’09, Food & Beverage, Fashion franchising, Knowledge Series, Licensing and Retail.

What aroused our curiosity was the “Entrepreneurship Summit 2009” conference series. Some of the speakers at “Business Opportunities : Specialty Retail” session were:

  • Aloke Banerjee, CEO, Rosebys
  • Vivek Bali, Group President, Spice Hotspot
  • S.Ravikant, COO, Titan Eyewear
  • N.P. Singh, Director, Samsonite
  • Rajiv Agarwal, The Mobile Store
  • Naveen Rakhecha, CEO, Cartridge World

S. Ravikant, COO, Titan Eyewear  was representing Titan, India’s “Largest Specialty Retailer” with turnover of Rs. 3000 Crores. He talked about his franchise offer, “Multi-Brand” Eye+ Retail Stores, as “World Class Optical Stores”. What makes this an attractive opportunity is the fact that most consumers in this space are clueless about quality parameters, concerned about accuracy of lenses and confused about lack of transparency in pricing.

N.P. Singh, shared how Samsonite’s innovations (from 1910) have made it a global leader with 34% of global luggage market share. He presented his Rs. 25+ lakhs franchise opportunity (3 year payback) with a unique offering – “obsolescence replacement”.

A recurring theme was “World Class” – world class products, world class operations, world class systems, world class training, world class technology and so on.

Rajiv Agarwal showcased “The Mobile Store” as a world class shopping experience for the existing fragmented mobile market with a chaotic shopping experience.

Naveen Rakhecha, CEO, Cartridge World shared his gyan, “Look beyond traditional franchise opportunities (Education, F&B, etc). Go for distinguished offering. Unique ideas are likely to give better returns”.

NEXT BUSINESS CAPSULE: Opportunities in Food & Beverage segment.

India Global Summit on MSMEs

Shri. Dinsha J. Patel, Hon’ble Minister of MSMSE at www.nsicindia.com launch
Shri. Dinsha J. Patel, Hon’ble Minister of MSMSE at http://www.nsicindia.com launch

The India Global Summit on MSMEs gets underway on Friday, November 20, 2009 at Hotel The Lalit, Barakhamba Road, New Delhi.

Expect the discussions to revolve around “Building the next generation of MSMEs”, the theme for the summit.

Shri Dinesh Rai, Secretary, Ministry of MSME, is one of the speakers (he was present at the launch of B2B web portal http://www.nsicindia.com for MSME’s as shown in picture). Other speakers include:

  • Arun Maira: Member, Planning Commission
  • Pravir Kumar: Joint Secretary, Ministry of MSME
  • H P kumar: Chairman & MD, NSIC
  • Rakesh Rewari: Deputy MD,  SIDBI
  • Rana Hasan: Principal Economist, ADB
  • Rakesh Singh:  Head SMEs, Standard Chartered Bank

One of  goals of the summit is to explore & deliberate on opportunities for integration of MSMEs in the value chain. Sub-themes include:

  • Investing with Technology upgradation ICT adoption and R&D
  • Dealing with Economic Cycles:  How to adapt the changed economic cycles ?
  • Capital Requirement: What is the right mix of credit and risk capital?
  • Developing people power: Challenges and solutions

On,  Saturday, November 20, 2009, a Buyer Seller Meet has been scheduled between OEMs/ Large Corporations / PSUs and the Micro, Small and Medium Enterprises on one to one basis. Participating companies include:

  • Bechtel India
  • BHEL
  • IDBI Bank
  • International Tractor
  • Maruti Suzuki
  • New Holland Fiat (India)
  • Philips
  • Proctor & Gamble Innovation Centre
  • Standard Chartered

For Registration, Speaking & Sponsorship Opportunities, contact:

Pooja Jha
Direct Tel : +91-11-24653006
Tel: +91-11 – 24629994 –7 Ext 407
Fax : +91-11 – 24615693
Email: pooja.jha@cii.in

For Buyer –Seller Meet & MSME Mart, contact:

Suvendu Mahapatra
Direct Tel : +91-11-24653006
Tel: +91-11 – 24629994 –7 Extn : 409
Fax : +91-11 – 24615693
Email: suvendu.mahapatra@cii.in

If you happen to visit the summit, we would be glad to hear about your experience. Do Write in!

Oakley: Appetite for luxury products is huge in India

Bindu D. Menon (Businessline, The Hindu) reports that Versace, Oakley and Nike Golf are increasing area and product assortments to draw consumer interest in what they consider one of the biggest markets in Asia.

Quotable Quotes:

Mr Scott Bowers, Senior Vice-President (Global Marketing and Brand Development), Oakley Inc:

“India is one of the strongest markets in Asia and this is where we are looking to establish our product line.

Until now, we were cautious with expansion but now we will be making a lot of noise.

The appetite for luxury products is huge. We are exploring means to entrench ourselves here.

Mr Marc Duhm, Wholesale Director, Versace:

“The purchasing power in India is a major factor while considering expansion. We will keep looking at opportunities in markets where we feel they are growing.

The slowdown in our business is a temporary one and we will keep looking at opportunities to grow our business.”

Mr Abhay Gupta, Executive Director, The Blue Clothing Company:

Consumers are seeking high-end brands and purchasing power is back with a bang. We have had a good response to Versace.

Our next venture will be to launch high-end jewellery brands in India. However, easing of FDI norms will help the industry grow.

Premium brands enable value addition by helping to improve retailing experience and manpower training.”

Read the full article here.

Get Clear

How does an entrepreneur GET CLEAR?  Really clear about business, customers, profits and the entire spectrum that makes up an entrepreneur’s life.

How CLEAR are you about your business goals, most profitable market segments, long-term strategy, day-to-day business operations and the integration of all these with your life goals?

You may have an immediate sense of what you think you want. It could be one or more of the following:

  • Better Margins, More Profits, More Revenues
  • More Customers, High Ticket Customers, Customer Retention
  • New Market Segments, Products, Services
  • Get out of day-to-day Firefighting (Crisis Management)
  • Create more time for creating new avenues for your business instead of being stuck in day-to-day crisis handling
  • Find better employees (who own their work and are proactive)
  • Build Better Systems
  • Streamline your operations in such a way that your employees take ‘complete responsibility’ for their roles & solve problems proactively instead of making excuses

Whatever is on your list, it is often difficult to decide where to start.

Seth Godin has a riff titled “The Priority List”. He says, the ability to decide “what to do next” is an underrated skill. For example, he says:

Is it better to email an existing customer, send a brochure to a prospect or improve your product a bit? Should you tweet or post a new blog post? Should you have a meeting to coordinate your team or spend ten minutes returning phone calls instead?

His tip:

Do you have a list? Have you figured out which metric you’re trying to improve? Can you measure the impact of the choices you make all day?

I see this mistake in business development all the time. Assume for a moment that the goal of someone in this department is to maximize profit. Why then would this group spend most of its time tweaking existing deals (looking for a 3% improvement in yield) instead of spending the same time and effort doing new, game-changing deals?

If you already have your LIST along with corresponding MEASURES, and you are still struggling to “Get Clear”, then what could be missing is clarity regarding your goals.

When did you last review your Goals? What are you REALLY up to?

Stephen R. Covey said “Priority is a function of context.”

So, WHY are you doing whatever you are doing?

Is that CLEAR?

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Clarify Your Goals

First thing is to CLARIFY your goal. What do you exactly want out of your business?

Money for comfortable existence? Or, are you on your way to becoming a global tycoon?

Do you wish for a stable business? Or, a growing business? Or, an accelerating business which, perhaps, you can sell soon?

What is the most appropriate growth strategy for your business?

  • Higher Volumes? And/Or, Higher Margins?
  • More (any) Clients? And/Or, More Big Ticket Clients?
  • More Revenues? And/Or, More Profits?

Is organizational culture important to you? What kind of culture do you want?

For example, many small businesses in India find it cost-effective (often, inadvertently) to have low salary low retention employees, who may be damaging the internal culture and/or customer relations and business growth.  Would hiring the ‘Best’ make more sense for your business?

Should you allocate resources to enhance Business Processes & Systems?

Should you invest more in implementing Technology? Which Solutions? Why?

Whatever your questions, you don’t want to run around without CLEARLY articulated goals that are regularly communicated down to the last rung of frontline executives.

No fun in having all your people and resources run around in circles when they can actually deliver dramatic results with laser sharp focus.

Clarifying Your Goals is a recurring exercise because things change – business climate, technology, competitors, customer needs, your needs and so on.

One efficient way to do this is to categorize all your goals along TIME HORIZONS – from Immediate and near-term to long-term life goals.  In his book,  Getting Things Done, David Allen presented “The Six-Level Model for Reviewing Your Own Work”:

  • Runway : Current Actions
  • 10,000+ ft:  Current Projects
  • 20,000+ ft: Areas of Responsibility
  • 30,000+ ft: 1-2 year Goals
  • 40,000+ ft: 3-5 year Vision
  • 50,000+ ft: Life

This is a useful first step to start de-cluttering your life and business. Another complimentary tool is a “Mind Map”.

Mind Maps help in creating a WHOLE business picture which can be drilled down to the “Runaway” level.

Created intelligently, it can be a powerful first step in organizing your business to clarify, track, and monitor business goals and results.

With Open Source around, freemind and xmind are great free tools to create Mind Maps.

You can maximize the power of Mind Maps by sharing Mind Maps with your team and asking them to contribute. Xmind, The “Social Brainstorming and Mind Mapping” Tool, allows users to share Mind Maps for collaboration.

Happy De-cluttering, Organizing and Creating What You Wish To in your business!

gtd biz 2

ET: SMEs drive India’s growth to prosperity

Now that SMEs can raise funds through NSE/BSE, what more can be done to empower SMEs to drive India’s growth to prosperity?

According to ET Bureau, SEBI’s latest move “can be but one step
towards removing the panoply of constraints that they face on a daily basis.”

Some suggestions by ET Bureau:

  • Remove routine informational rigidities between SMEs and lenders and potential investors.
  • A more responsive policy mechanism to finance SMEs: what is necessary is an array of advisory and business development services focused on SMEs: the idea is to improve credit and business-performance information.
  • Innovative financial products to reduce credit risks for SMEs and boost investor comfort.
  • Address the problem of delayed payments and rationalise the tax regime for SMEs.

Finally we  enthusiastically agree with the assertion:

We need a thriving SME sector to boost entrepreneurship and risk-taking pan-India, and spur innovation and growth.

Read the full article here.

Live Your Highest Vision Now!