Flies are flies. They don't spare anyone, not even the king of the jungle. And these flies bother the king, especially when it is just sitting and doing nothing. But lions are just not bothered about them. They will simply lift their tail once in a while, swing it this way or that way, to make the flies, fly away and then just forget about them.
As per one of the reports of IBM institute, it was mention that 90 per cent of Indian Startups fail within the first five years due to lack of Innovation and proper Development. In that case, we can easily judge how strategy is a very crucial and vital part of any business. As we saw the number of startups is increased day by day in India. The main reason is the high capacity of venture capital of entrepreneur and low entry barrier in any business model. In that case, it's easy for anyone to start a new business entity. In the early stage of business due to high fund capacity, an entrepreneur takes more risk without any financial planning or any marketing strategy. This was the common mistake done by most of the startups. We can also connect this thing with the stage of business expansion as both are facing the same problems in some sort. I will try to expand that stage more in my next blog.
I am working as a consultant for more than 5 years and during that period I came across many entrepreneurs and employees, heard so many problems and worked on that. One major problem which I heard from many entrepreneurs is “Employees are quitting the job. No employee is ready to make his career with them. Today also I met one entrepreneur and he was discussing the same problem with us. So, I took this opportunity to share my views on “Why Employees are quitting the job?”
In one of his speech, Mr Harsha Bhogle said that a lot of people believe that they are ambitious. All of us are convinced that we practice excellence. We all are working for excellence, isn’t it? What is the true definition of excellence? If you are waiting for my definition then my answer is I don’t know. I guess we all have a different definition of excellence. Now the main question is that how to achieve excellence. You may reply, it comes from experience, and how we will get best from experience because experience also goes with two types of people. I.e., Successful and unsuccessful. If we are talking about successful then your answer may be knowledge. A successful person gains experience through knowledge. Now again, if I ask, how to get knowledge then the answer is Reading…Reading and Reading. To make things more simple and straight as failure is a stepping stone to success, similarly reading is the first step to excellence.