Too many cooks spoil the broth. But only one right cook can prepare a delicacy. How can you find that right ‘cook’ for your business?
According to Bloomberg news, 8 out of 10 businesses fail! This figure should scare away anyone thinking of starting a business. Yet, no one wants to believe that his business will fail. But what if (fingers crossed) it does? What next?
Imagine a work place where the only sound that you hear is that of your co-worker hitting hard on the keyboard, and the only conversation you have with collegues is about business, sales, profit and growth. Isn’t that just boring?
Are you one of those bosses you never wanted to be? Do your employees look up to you or look away from you? Are you somehow responsible for the poor performance of your staff?
We have seen the Nepali national cricket work as a team on the field. But there is some serious work (and fun too) that goes off the field to ensure that the players gel together.
When hiring an employee, do you specify certain traits or go for fundamentals, and then match the job according to a person’s traits? Read on to find out which approach to select when hiring.
Here are tips that every employee should master to deal with customers.
The liquor industry has clients who are loyal to their brand. But how loyal are the people working for liquor companies to their own brands? Aditya Agrawal of Global Trading Concern has a few suggestions on making your employees embrace your brand.
Should leaders focus on the long-run potential of their people or short-run outcomes? Amun Thapa shares his view on how leaders can balance good results with great candidates.
As we are trying to map the first year of entrepreneurship, we couldn’t get near to doing a good job without including the basics of team building. So, here are a few things that some of the young entrepreneurs and the VenturePlus team have learned about building and working in a team.
Communication is an indispensable tool for a leader, but silence is a machine in a class of its own.
One thing we Nepalese are really good at is ‘being late.’ How many times have you attended a corporate event that has started on time? Probably none. How many times have you waited for someone to arrive for a meeting to start on time? Probably a lot of times. To conclude, we are all used to what is called ‘Nepali time.’
Have people invited, serve them posh lunch and impose your company’s information. This is how most of us perceive workshops. Arguably, workshop is one of the most used yet misunderstood professional buzz words. However, there is a way to
A while back, I and my business partner, Suraj along with another entrepreneur/leader, Pukar Malla were discussing about the challenges of being a start-up entrepreneur. And Pukar came up with this fascinating explanation; he said “it is like you’re climbing this huge mountain and you can feel how it is going to be standing on top of it. You’re struggling but you move on. But you have this group of men and women travelling with you. They are tired and want to quit. But your job as a leader is to keep them motivated, keep them united until you reach the top. And once they’re on the top, the next thing they would want to do is climb another mountain.”
Imagine you are a dishwasher at a five star hotel, working the sink late one night, sweating rivers. The dishes are stacked high and it looks like it would take you forever to get them all done. Suddenly, your boss walks by in his tuxedo, gives out a smile and says “Keep up the good work, buddy.” You’d probably think that’s about as helpful as the crusty brownie stuck to the plate. But, what if your boss walked up to you and said, “Hey, it looks like you’ve got a ton going on. Can I lend you a hand?” How would that be for a motivation?
Talks about transparency are all around us. We talk about need for transparency in the government, political parties, public organizations etc. What about transparency in a private company? The question of what to share and what not to share with employees is very tricky indeed.
It is easy for employers, especially new ones like me, to assume that money is the main motivation for an employee. Though the assumption may be correct in some cases, in most it is just a rookie mistake.
Starting a startup is an exciting time, and it isn’t hard to get lost in the excitement. However, excitement may not always be a good thing, when composure and thoughtfulness is also called for. Here’s a list of things to be aware of as you start on your new venture.
Can you childhood buddies really make for great workplace colleagues? It’s an idea that most people avoid but having friends as business partners can provide larger opportunities.
Creativity is an asset. But often creativity exists individually and not collectively. Here are a few things our team does at Kazi Studios to help us work creatively together.
An organization without any kind of dispute is as imaginary as a unicorn. Every organization has to face them at some point, so read on to find how to resolve disputes at work.
Is your venture limiting the ability to innovate and change by avoiding conflict?
You must have heard the story of the tortoise and the rabbit that raced each other to a finish line. The bunny underestimating the tortoise’s speed took a small nap under the tree while the tortoise walked slowly but steadily to prove himself. Ever wondered what a creative tortoise would do? I bet it would have plugged wheels onto its body and raced past the rabbit! In the original story hard work did pay off but then who can ignore the fact that it was because the rabbit took a nap?
Coping with failure as a team can be more challenging than most entrepreneurs think. Self esteem is shot down, morales are low and much more work to be done. In such a scenario, how do you turn things around, and fast?
So the goal you set out for your company wasn’t met. The problem: your employee’s incompetence. The challenge: To tell it to their faces without your employee wanting to quit his job at the end.
Taking interviews is just as challenging as any other official work. Choosing the best among the best takes a lot of patience and a set of perfect questions.
lot of times, I get asked the same question, “What is the most difficult task in operating a venture?” And I come with the same answer all the time, “to delegate responsibilities and to ensure work is being executed as planned and still not be called a jerk.”
Reading is learning. Many experts write about their experiences and share tips through their articles, blogs and books. Are you making use of such information?
How do you ensure that your business is in for the long run? Make sure you answer the whys of the idea for yourself.
Fear of someone stealing your idea is probably the most common fear among startups. But the pros of sharing far outweigh the cons of not.
Exhausted bodies and frazzled minds are a recipe for disaster for entrepreneurs who have to make decisions on-the-go and keep employees pumped about work. If you want to work more efficiently, get better results and create a positively charged work space, do this first – take a break from work.
Sit up straight, uncross your arms, and stop that fidgeting of your right leg. Appearances do matter, especially for an entrepreneur. Your body language is essential to eff ective communication.
Management is all about “managing men tactfully” but when managing men tactfully becomes “trying to manage a man”, it leads to micromanagement.
All too often, we all find ourselves staring at the pile of paperwork in front of us in utter exasperation. The next time you find yourself sinking (deeper) into this pool of negativity, take a moment, remove yourself from the situation as much as possible, and take some notes.
Do you regard celebrating after an achievement at work as an expense you can do without? Bad idea. Celebrate your successes and reap the benefits by becoming a better entrepreneur and encouraging team spirit too.
The business world of today is super competitive in nature and needs more regular personal interactions. Meetings are a powerful business weapon. But attending those long and never ending meetings everyday might get boring.Why not try the 10-minute daily meeting?
A chief concern for an entrepreneur may be the type of relationship he has with each individual employee. Not paying attention to an employee and worried it might affect their work? You should be. We tackle ways in which the leader of the team can cultivate a better relationship with his employees.
Salaries are recorded as an expense in the books. What you get in return are employees who measure between being irreplacable assets and being unafforadable liabilities. How do you evaluate their performance and how do you do it well?
Is training your team enough to get the most out of them? What other factors can help inspire your team and allow them to reveal their true potential? An entrepreneur reflects on personal experiences and gives us some pointers on the topic.
How important is trust to any new or established venture? What are the benefits of promoting trust at the workplace? Two organizations tried out unique and risqué ideas to get ahead in the game.