Category: Business

Just like beauty lies in the eyes of the beholder, success is measured differently by people. It’s your responsibility and your choice to determine what success means to you. It could be having a strong influence, authority, having a huge paycheck, seven-figure salary, fame, higher status in the society etc. all these labels somehow seems to define the definition of success.

We have seen how some successful people accumulated money just because they had an interesting idea and the courage to take the unexplored path. We have read about people who merely become renowned individuals and crafted a persona of their own, leaving only footprints to follow. Speaking of people, it would be unjust to not mention few of them – Mark Zuckerberg, Bill Gates, Steve Jobs, Elizabeth Holmes, J.K. Rowling, Oprah Winfrey, Henry Ford, Larry Page, Thomas Edison and much more. The list can go on as there are lots of people that have made big. People from different walks of life have been successful irrespective of any mutual connection but what binds them together is having some common traits, the same mindsets that led them to where they are today.

As far as highly successful people are concerned, these are some common mindsets that they share.

They Establish The Big WHY

What differentiates highly successful people from the rest is the ability to establishing the big WHY. They always have the tendency to know what’s in there for them to learn and what’s the end goal. They are constantly evolving and always hungry to learn something new and implementing it. Highly successful people think about challenges and utilize them in a way that will bring a sense of achievement and how to improve the community as a whole.

They have the vision and the purpose of achieving it. Never allowing their passion to fade away instead, keeping the fire ignited, they nourish and hone their skills and thinks of the perspective to change the society even if that means questioning the norms.

Staying focused on the bigger picture

Everyone started their journey with a vision and so do other people but the other less successful people never make up to their destination. Reason being – either they gave up to their failures or became too busy with trivial issues or short-term success. On the other hand, irrespective of what life throws at them, successful people keep on walking and don’t stop till they get where they want to.

Henry Ford was considered lunatic and that soon he would go out of business. He neither invented the automobile nor the assembly line but developed the first automobile. His introduction of the Model T automobile revolutionized transportation and automobile industry. So keep your eye on the prize, all the time and that’s how you can become highly successful and admired.

They allowed their sufferings their motivation

It’s difficult to cope up with sadness as it makes up our core memories. But keeping a positive mindset in situations like these determine what you’re really made of and what you can achieve.

At the age of 15, Jim Carrey had to drop out of school to support his family but that didn’t stop him from pursuing his passion and today, he is one of the best comedians to ever walk on earth.

Elizabeth is one of the youngest billionaires in the world. She invented a device that is capable of monitoring one’s disease before it fully develops and her product can save lives. But, it was the death of her uncle that motivated her to help humanity regardless of how much money she would accumulate and the rest is history.

They never lose hope, instead, keep working harder

Successful people don’t become successful fortnight. It takes years of practice and experience to get what they demand. People keep on complaining and whining about what they don’t have and these successful people start right where they are with whatever tools they have and collect more resources as they progress.

I’d like to quote Bruce Lee here. He once said “ Don’t pray for an easy life, pray for the strength to endure it” and that’s what the successful live their lives by. Day in and day out they keep pushing their limits work hard with great zeal and always manage to find their way out in whatever difficult situation they are thrown upon.

Thomas Edison didn’t lose hope and despite the fact that he failed 1000 times before inventing the electric bulb, he didn’t give up.

Steve Jobs was fired by the company he helped found.

Arianna Huffington was rejected multiple times and as of today, her news website and blogs are among the most well-known and frequently visited on the internet.

Develop a constructing mindset and overcome the fear of failure and you’d be on the other side of the fence. The greatest mindset is that they never fear to failing. Embrace it as there is no reason you should fear it.
Learn from your failures and improve from it that’s what successful people do. View failure and difficult times as opportunities to grow rather than fearing them.

This man needs no introduction as we already know he is the CEO of one of the most notable companies. That’s Sundar Pichai for you. Google is the best company to work for and it’s a dream of everyone to have the tag of Google on our resume.

We have seen people in top positions leading them to success in their respective domain, Sundar Pichai’s case is not an exceptional one. Being at the top of the pyramid of a multinational technology company is definitely a story worth going through. With a revenue of 74.54 billion USD, Google is in the race of taking the history-making title of being the first trillion-dollar company. Well, irrespective of which company crosses the line first, there’s something we can learn from the Google honcho’s life.

People often ask how they can be as successful as these icons. With that being said, here are some pointers that we can take from Sundar Pichai.

Let’s get started.

Simplicity

People have a common notion that people at the peak of their career take pride into their head but, Sundar Pichai is an exception here. Dieter Bohn at The Verge noted that his simplicity is reflected in his demeanor, highlighting the point that everyone at Google just loves him. From engaging with people on a personal note from going out of the way to supporting them, his colleagues and teammates just love working with Pichai.

We can also have a look at the news of a 7-year old asking Sundar Pichai for a job at Google and instead of just ignoring it, the letter caught the immediate attention of Sundar Pichai and he replied with an encouraging note. Isn’t it amazing that such a busy person took his time out to respond to a little girl?

Perseverance

Sundar Pichai believes in smart working and being focused on your goals. Perseverance is what took him where he is today. To reached the top of the pyramid you have to work really hard and have to be persistent in all your approaches.

There is no secret formula for success, only sheer hard work will take you there where you want to get. Sundar graduated from IIT Kharagpur in 1994 and joined Google in 2004. The catch is there’s nothing that can make you taste success overnight. In between these long 10 years, he took on some most challenging roles and made sure he delivered spot on and was persistent throughout these years and let his work speaks volumes of him.

Even if you fail, wear it like a badge of honor

That’s what he said while addressing the audience at Delhi university. Pichai is all about taking risks, making mistakes and learning from them. This is the digital age and one has endless possibilities and countless opportunities to start one’s own entrepreneurial venture. But, what people fail to realize that failures are an integral part of your success. If you have not failed, then it means you haven’t taken risks. He stated ‘’ One shouldn’t be afraid of taking risks. Even failure is a part of the process, it takes you forward”.

Clarity Of  Thoughts

Being a prominent search engine, it doesn’t mean that Google has no competition in the market. To be the best you have to go extra than the rest. When Microsoft made Bing its default search, Pichai stepped in with innovative approaches to retain customers and worked on Google’s own browser i.e Chrome and cemented its position in the search market share as well in the browser game.

Still, if you doubt his credibility, then here are excerpts from the memo of Larry Page, obtained by The Wall Street Journal and it goes like this “As you age, even when you’re still a teenager like Google, you have to work hard to stay innovative. Innovation is messy, a disruptive process, and people tend to be more comfortable doing what they’ve always done with a few minor tweaks” and that explains why Page handed over the control to Pichai.

Thinking Big

The journey of a thousand miles begins with a single step. Pichai emphasis on thinking big about big problems and one should be ambitious in tackling every problem and that is what would lead you to global companies. One should be focused and incorporate fast decision making approaches.

Sundar Pichai exemplifies that if a person is focused on one’s goal, then there is nothing that can stop the person from achieving all the goals. He is an inspiration for young generation trying to find the right path to success. He inspires us all and following his footsteps would definitely catapult our careers.

Is your business on the right track? Do you have any idea where is it heading towards? How successful your strategies are? We live in a world of uncertainty and how can we cope best in this uncertainty age? Simply, by tracking progress and noticing changes even the subtle ones.

You might think that your business is just doing fine but in reality, the truth is something else. Just one wrong step could turn your business into a financial hole but that’s not what we will be discussing here.

According to a study, 8 out of 10 businesses fail within the first 18 months. A whopping 80 percent crash and burn. But we have to understand the reasons behind the failure and what we can apply to our own business ventures. The primary reason is that most of them don’t have a solid plan A and are clueless about the alternative plans; hence, they simply run out of cash. The cracks in the foundation start well before the actual day of the collapse.

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Before we start our journey, you have to ask yourself “what’s your business story?” Various aspects define your business and it’s imperative to know all of them. Overlook any of the aspects and the financial collapse starts. When focusing on your business objectives, people often forget to consider other parts of the organization that is in line with the business growth. For instance, when you don’t have enough manpower but say “yes” to every project or not having enough cash flow, skilled team of professionals, resources, infrastructure etc. can be detrimental to your growth.

When on a business venture, the last thing we focus on is the direction we have chosen and have no idea if the path chosen would guide us to our destination. But if address our failures upfront i.e. before it’s late, then we’ll be less likely to fall victim to the financial catastrophe.

Here’s another statistic to go through.

About half of the employer establishments survive at least five years and only 1/3rd survive ten years or more. What dampens the figure is that almost 65% of new businesses don’t even make it to the ten-year mark.

What are the reasons businesses fail to thrive and why there’s a bleak chance of their survival assuming that they are doing just fine? This is the very reason of downfall, keep assumptions that everything’s perfect, hence, increasing the odds of business failures.

There are few ways that can ensure that your business is in the right direction. So, let’s sink in.

Getting in touch with customers through deep dialogue.

Analyzing your relationship with customers can bring you a sea of opportunities. Get in touch with them more often and have the complete understanding of them to growing your business. Everything you do just think from your customer’s perspective as it is imperative to your success and then accomplish all your objectives.

Just remember that you have many doors of opportunities and customers are the key to unlocking the relevant one.

Know where you’re going :-

Every business starts with a bright idea but it takes more than an idea to giving it a shape. You might be having an idea now or maybe you had one before or you will have in future but there’s no point if that idea remains in your head only or on paper. You hope that your idea will go viral let you sell out in five years for megabucks (as in the case of WhatsApp). The point is that you should think years ahead of now and imagine where your business will be in the next five years and then start working on it. Moreover, this path is quite lucrative and has many alternatives but it’s up to you to sticking your plan.

Also, customer-oriented plays an important part, therefore, your strategies vary. For example, if you have an e-commerce store, then you will target a specific audience, if it’ an educational portal, then the audience is different. It’s similar to the genres of cinema people love. Different objectives require a different kind of strategy.

Know why you’re going :-

You might have observed that every time a new company becomes successful, then bigger fish in the market buys them. WhatsApp, Instagram, Nokia etc exemplify it. If your goal is to sell your company after years of profitable growth, then your approach should be different. In order get noticed you have to do something out of the box and your efforts should be unique. Similarly, if your aim is to opposite to that, then you’ll need to demonstrate potential even if you never make a profit.

Plan your course :-

Once you get in the flow, you have to maintain that momentum and get going towards achieving your goals. You should always analyze every step before implementing it being aware of its pros and cons. Analyzing your strength and opportunities along with that of your competitors and the niche market. The result of your efforts will be a list of objectives to help you reach your goals.

Even when going through the rough phase, your objective should be to maximizing profits and to track your progress in order to achieve the goals you have set.

The bottom line is that strategic planning will assist you in choosing the right direction. Whether in good times or bad times, the strategies you implement determine the progress of your plan. Take some time off and try to understand what your objectives are and which course of action best suits you.