Thursday 8 November 2012

ENTREPRENEURSHIP SPIRIT

As the dust settles and as the whole world gets to marry the fact that America gave an African-american a second term in office, we need to reflect on a few issues in the just concluded American elections in respect to the spirit of entrepreneurship.

Obama and Mitchelle
1. The black community, who until recently prefer being called the African-american community are roughly 16% of the American population. Had Obama concentrated on campaigning to this community, it could have been detrimental to his bid. He traversed all the races with a thorough campaign strategy.

As an entrepreneur, you need to widen your networks and the scope of thinking. Several entrepreneurs have a problem with trusting people from other communities and there are instances where I have visited many public places or offices only to be shocked that employees converse with their bosses in their local dialect. There are people who reason that doing business with other people from other communities is making that community rich. There is a whole load of business opportunities that you shy away from when you refuse to step out of your tribal confines.

Mr President
2. In his acceptance/victory speech, Obama showed his immense gratitude to his campaign team. He said in part, " To the best campaign team and volunteers in the history of politics, the best, the best ever, some of you were new this time around, and some of you have been at my side since the very beginning. But all of you are family, no matter what you do or go from here you will carry the memory of the history we made together and you will have a long-life appreciation of a grateful president."

Do you take time to appreciate the cleaner who empties your dustbin? Do you thank your secretary for working the extra hour just to finish a report? One human being, however good, cannot do everything in a company by themselves. You will need others and must appreciate their sacrifice and hardwork. By motivating your team and appreciating them you stand a chance of getting the best from them. The entrepreneurship spirit appreciates even the little things. The other day, one of my mentors and business partner, reminded me that maturity does not come by beginning to talk about big things, it comes by beginning to understand the simple things...like understanding the meaning of THANK YOU.

The 1st family
3. No person of colour had ever been elected president in america!

Never be bound by statistics. There are statistics that discourage many entrepreneurs from being ambitious and creative. There are several people who will discourage you from trying an idea of starting a business but that is normal, they are the same people who will praise you when your idea works and the very same ones who will rebuke you when you start facing challenges in your business. Use statistics to your advantage, let them guide you to achieve greater goals but not to discourage you. Yes, a man of colour had never been elected president of America, but Obama was elected, not for one term, for two terms!




Saturday 3 November 2012

10 Things Successful People Do Differently



A Saturday morning different from the rest. No Nairobi traffic jams,no matatu hooting but just the coastal breeze we all love.Its from the swaying of  palm trees maybe. Yes, in Mombasa. Greetings from the coastal people for that matter!

It is one of those mornings you realize you have been reading business overnight and slept with a promise to share some of the gained knowledge! I personally like talking,writing  and reading about successful people. What do they do differently? How do they do it? Why do they do it? Here are some gathered tips on how these individuals operate. Feel free to add,critic or even comment after your read.

1.They create and pursue S.M.A.R.T. goals.
Successful people are objective.  They have realistic targets in mind.  They know what they are looking for and why they are fighting for it. Successful people create and pursue S.M.A.R.T. goals.

S.M.A.R.T. goals are Specific, Measurable, Attainable, Relevant, and Timely.

2.  They take decisive and immediate action.
Sadly, very few people ever live to become the success story they dream about.  And there’s one simple reason why:

They never take action!

The acquisition of knowledge doesn't mean you’re growing.  Growing happens when what you know changes how you live.   So many people live in a complete daze.  Actually, they don’t ‘live.’  They simply ‘exist’ because they never take the necessary action to make things happen – to seek their dreams.

It doesn't matter if you have a genius IQ and a PhD, you can’t change anything or make any sort of real-world progress without taking action. There’s a huge difference between knowing how to do something and actually doing it.  Knowledge and intelligence are both useless without action.  It’s as simple as that.

Success hinges on the simple act of making a decision to live – to absorb yourself in the process of going after your dreams and goals.  So make that decision.  And take action.  For some practical guidance on taking action I highly recommend Getting Things Done.

3.  They focus on being productive, not being busy.
Tim Ferris says, “Slow down and remember this:  Most things make no difference.  Being busy is often a form of mental laziness – lazy thinking and indiscriminate action.”  This is Ferris’ way of saying “work smarter, not harder,” which happens to be one of the most prevalent modern day personal development clichés.  But like most clichés, there’s a great deal of truth to it, and few people actually adhere to it.

Just take a quick look around.  The busy outnumber the productive by a wide margin.

Busy people are rushing all over the place, and running late half of the time.  They’re heading to work, conferences, meetings, social engagements, etc.  They barely have enough free time for family get-togethers and they rarely get enough sleep.  Yet, business emails are shooting out of their smart phones like machine gun bullets, and their daily planner is jammed to the brim with obligations.

Their busy schedule gives them an elevated sense of importance.  But it’s all an illusion.  They’re like hamsters running on a wheel.

The solution:  Slow down.  Breathe.  Review your commitments and goals.  Put first things first.  Do one thing at a time.  Start now.  Take a short break in two hours.  Repeat.

And always remember, results are more important than the time it takes to achieve them.

4.  They make logical, informed decisions.
Sometimes we do things that are permanently foolish simply because we are temporarily upset or excited.

Although emotional ‘gut instincts’ are effective in certain fleeting situations, when it comes to generating long-term, sustained growth in any area of life, emotional decisions often lead a person astray.  Decisions driven by heavy emotion typically contain minimal amounts of conscious thought, and are primarily based on momentary feelings instead of mindful awareness.

The best advice here is simple:  Don’t let your emotions trump your intelligence.  Slow down and think things through before you make any life-changing decisions.

5.  They spend time with the right people.
Successful people associate with people who are likeminded, focused, and supportive.  They socialize with people who create energy when they enter the room versus those who create energy when they leave.  They reach out to connected, influential individuals who are right for their dreams and goals.This is simple; Focus on people who add value to you,avoid those that deteriorate your value!.

6.  They work outside of their comfort zone.
The number one thing I persistently see holding smart people back is their own reluctance to accept an opportunity simply because they don’t think they’re ready.  In other words, they feel uncomfortable and believe they require additional knowledge, skill, experience, etc. before they can aptly partake in the opportunity.  Sadly, this is the kind of thinking that stifles personal growth and success.

The truth is nobody ever feels 100% ready when an opportunity arises.  Because most great opportunities in life force us to grow emotionally and intellectually.  They force us to stretch ourselves and our comfort zones, which means we won’t feel totally comfortable at first.  And when we don’t feel comfortable, we don’t feel ready.

Significant moments of opportunity for personal growth and success will come and go throughout your lifetime.  If you are looking to make positive changes and new breakthroughs in your life, you will need to embrace these moments of opportunity even though you will never feel 100% ready for them.

7.  They keep things simple.
“Simplicity is the ultimate sophistication.” -Leonardo da Vinci  once said. Nothing could be closer to the truth.  Here in the 21st century, where information moves at the speed of light and opportunities for innovation seem endless, we have an abundant array of choices when it comes to designing our lives and careers.  But sadly, an abundance of choice often leads to complication, confusion and inaction.For instance, if the purchasing decision is tough to make, most people will just give up.  Likewise, if you complicate your life by inundating yourself with too many choices, your subconscious mind will give up.

So what is the solution? The solution is to simplify.  If you’re selling a product line, keep it simple.  And if you’re trying to make a decision about something in your life, don’t waste all your time evaluating every last detail of every possible option.  Choose something that you think will work and give it a shot.  If it doesn’t work out, learn what you can from the experience, choose something else and keep pressing forward.

8.  They focus on making small, continuous improvements.
How do you eat an elephant?  Answer: One bite at a time.  This philosophy holds true for achieving your biggest goals.  Making small, positive changes – eating a little healthier, exercising a little, creating some small productive habits, for example – is an amazing way to get excited about life and slowly reach the level of success you aspire to.

And if you start small, you don’t need a lot of motivation to get started either.  The simple act of getting started and doing something will give you the momentum you need, and soon you’ll find yourself in a positive spiral of changes – one building on the other.  When I started doing this in my life, I was so excited I had to start this blog to share it with the world.

Start with just one activity, and make a plan for how you will deal with troubles when they arise.  For instance, if you’re trying to lose weight, come up with a list of healthy snacks you can eat when you get the craving for snacks.  It will be hard in the beginning, but it will get easier.  And that’s the whole point.  As your strength grows, you can take on bigger challenges.

9.  They measure and track their progress.
Successful people are not only working in their job/business, they are also working on it.  They step back and assess their progress regularly.  They track themselves against their goals and clearly know what needs to be done to excel and accelerate.

You can’t control what you don’t properly measure.  If you track the wrong things you’ll be completely blind to potential opportunities as they appear over the horizon.  Imagine if, while running a small business, you made it a point to keep track of how many pencils and paperclips you used.  Would that make any sense?  No!  Because pencils and paperclips are not a measure of what’s important for a business.  Pencils and paperclips have no bearing on income, customer satisfaction, market growth, etc.

The proper approach is to figure out what your number one goal is and then track the things that directly relate to achieving that goal.  I recommend that you take some time right now to identify your number one goal, identify the most important things for you to keep track of, and then begin tracking them immediately.  On a weekly basis, plug the numbers into a spreadsheet and use the data to create weekly or monthly trend graphs so you can visualize your progress.  Then fine-tune your actions to get those trends to grow in your favor.

10.  They maintain a positive outlook as they learn from their mistakes.
Successful people concentrate on the positives – they look for the silver lining in every situation.  They know that it is their positivity that will take them to greatness.  If you want to be successful, you need to have a positive outlook toward life.  Life will test you again and again.  If you give in to internal negativity, you will never be able to achieve the marks you have targeted.

Remember, every mistake you make is progress.  Mistakes teach you important lessons.  Every time you make one, you’re one step closer to your goal.  The only mistake that can truly hurt you is choosing to do nothing simply because you’re too scared to make a mistake.

So don’t hesitate – don’t doubt yourself!  Don’t let your own negativity sabotage you.  Learn what you can and press forward. Also dont hesitate to follow me on twitter @itskinoti as you also like my facebook page Erick Kinoti for more of these.