It is easy to create a company and it is easy to prosper as well, but the real challenge lies in sustaining a company, which is also the underlying factor that decided whether you are successful or not. Here are four management mantras or pointers to help you move towards effective management of your business and steer your ship towards success.
No business can work without intuition! Right from dealing with people to making investment decisions, you have to listen to your gut feeling. If your decisions are based on intuition, you will prosper.
#1 Develop Your Intuitive Abilities
One of the key factors to being a successful entrepreneur is intuition. If you don’t have intuition, you cannot be a good businessperson because you cannot go on gambling. The success that comes to you through gambling is accidental and can also bring you failure. But if you have intuitive abilities, you will not fail. So, intuition is the first management mantra.
The next question is – how do you develop intuition? Is it inborn or can it be developed? I would say both. Intuition can be a gift that you are born with, and it can also be developed through the regular practice of meditation.
The next question is – how do you develop intuition? Is it inborn or can it be developed? I would say both. Intuition can be a gift that you are born with, and it can also be developed through the regular practice of meditation.
#2 Focus on Innovation
The second management mantra is innovation. Innovation is essential to maintain and grow your business. The world is changing very fast and if you are not innovative, you will find yourself in the back seat. And so, it is important to be creative and develop your innovative tendencies.
For every innovation, you need both intellect and intuition. It is not enough if you have just done well academically and have intellectual abilities. For innovation, you need an intuitive insight as well. That intuitive insight comes when you empty your mind a few times every day; in other words, when you meditate.
#3 Create a Sense of Belonging among Co-workers
The third management mantra is to create a sense of belonging among people working in the company. A good measure of this is teamwork and commitment. Ask yourself this question – Are people working for your company while thinking of the company as just an ATM where you take money and walk away, or do they have a relationship with the company?
This is something you need to observe.
You may have a hundred employees, but how many of them have a sense of belonging to the company? How many of them have the same sense of ownership that you have? People working in any setup without a sense of ownership cannot make much progress.
Some important questions you need to ask yourself/look at:
This is something you need to observe.
You may have a hundred employees, but how many of them have a sense of belonging to the company? How many of them have the same sense of ownership that you have? People working in any setup without a sense of ownership cannot make much progress.
Some important questions you need to ask yourself/look at:
- Have you given them a sense of not just financial comfort but also a pleasant environment to work with?
- Have you created a friendly environment for them?
- Have you given a chance for their talents to blossom?
- Do they have a voice? Can they raise their concerns about the company anytime they need to?
You need to ask yourself these questions. No one else can answer it for you, and if the answer is no, then you have to do something about it.
#4 Believe in Yourself
What is success? To me, success is an unshakeable confidence and an undying smile.
If you are a business tycoon and you are irritable, stressed, and unhappy, I tell you, your success factor is zero. You know, some of the top businessmen have debts that run into billions, yet they have confidence, they are friendly with other people, and they keep a smile. That is a true sign of success.
Even if you lose everything, if you have the confidence that you can recreate everything again, then that is a true sign of success. Success is an attitude, it is not a phenomenon.
