HOW TO GROW YOUR BUSINESS INTO A LARGE CORPORATION

Most people understand that large corporate businesses are the platform for making big money by the people behind the corporate curtain; but while analysing their hearts, who are really at the helm of the centre of those organisations, we find that actually they don’t work for piling of wealth. They are far ahead of the concept of wealth making rather they put their blood & sweat just because they are enjoying the process of creation. Creation of corporation, Creation of a brand, Creation of a movement.

Journey to this great cause & to succeed needs a rigour & steady efforts. Although success has no certain formulae, still there are certain rules that needs to be admired and also to appreciate that how the sand & cement combination is to be used for building the tower of a successful corporation. We have experienced in past that only good systems can be driver of the organisation in the long run. Also we must accept that people don’t lead, only thoughts lead. So, do come with us we shall discover the secrets of making big corporation and making our own set of rules to rule in business.

The Success Formulae

It has always been like a treasure hunt to discover the formulae of success, but those who succeed were achieved their targets only by repeated tries and endless efforts. It is sad that our education system never teach us attitudinal values. What we learn as a part of our education system, is how to work for the corporations they never teach us how to lead the corporation. They teach us work skills but not leadership traits, they teach us discipline to be a good team player but not attitude to become a team leader. Nowhere taught that how to build great businesses.

Therefore we need to train & coach ourselves as leader of a large Corporation. We need to develop a belief in our team that they are going to become part of a large corporation. We need to create an aura, an environment, a general talk about that yes, this company is getting big & is growing. Confidence never comes from flimsy ground, it must come out on the basis of rock solid strategies and rigours execution on which not only yours but also every lively part of your team faiths.

Growth Concept

Every business has a lifecycle like an ordinary human being, Baby business also gets birth by owner, and it is taken care by him for everything; like food, security and care for a baby by its parents. Owner takes care for finances, marketing, sales, treasury, production & procurement. Soon the business comes in its adolescence age where the child it needs to go to school for formal training & education, just like a business requires a set of consultants for developing some new systems that makes the foundation of business strong enough for a large corporations.

When the parents don’t send the child to school and want to teach every skill themselves the boy may be big enough but could not be cultured enough to live in a formal society respectfully. In the same fashion when a business doesn’t have proper system but big enough it never gets respect in its environment and daily comes out with a new emergency situation for its parents and owner always keeps busy in firefighting situations. They never stay free to plan for the future of their business and so this age never overcomes.

Actually just like a human being, growing is the very basic nature of businesses too. If a baby doesn’t infected by a disease or clutched with some bad habit, it will certainly grow up, same is the case of business if a business is carried by good systems and sincere efforts it will certainly grow up. Now the 15^th question of KBC is what you should do to save your business from disease and bad habits. Answer you know…. Give healthy diet and send the boy to school……..simple!!! Isn’t it. I mean to say Provide your business sufficient Resources & proper guidance.

Force & Direction

Whatever you think, from mounting a nail on the wall to rocket science, there are only two factors that drive the results “Force & Direction”. In every walk of life, if you put the right amount of force in the right direction at the right time; no chance that the results doesn’t comes in desired manner. We have identified a total of 8 areas in a business which are in one or another way only representative of these 2 factors (Force & Direction). Let us have a look over these areas

If you work-out in the right manner with required energy on these 8 areas, with growth perspective, your business is bound to grow.

GOAL SETTING - Starting Point to Grow Your Business

GOAL SETTING

Starting Point to Grow Your Business

“If one advances confidently in the direction of their dreams, and endeavours to live the life which they have imagined, they will meet with a success unexpected in common hours.”

- Henry David Thoreau

"If a man does not know where he is going in life he will only end up where he is headed."

- Confucius

The most powerful tool of personal/professional leadership is the activity of setting goals; for ourselves, our family, our business and our future. Stephen Covey, in his book "The Seven Habits of Highly Effective People" says, "if we are serious about providing personal leadership for our lives we must begin with the end in mind" (Habit #2). So, why not begin everyday with the end in mind?

Have you given any thought to where would you like to be in 3 years, 5 years, 10 years? Do you have a vision for your future? If you're concerned about your future, about where you're going to be in 3, 5, 10 years, it would be helpful to plan for your future.

The foundation of self-management and self-improvement is based on goal-setting. It is the essence and at the heart of almost every aspect of being successful. Without exception, the literature on personal effectiveness always discusses goal setting as the foundation upon which personal effectiveness is developed. The key is to create a balance between your roles and your goals and have them both fit under the umbrella of your personal values and vision of what your life is about.

 

Key points on Goal Setting

-          Goals should be set for both short-term (next 12 months) and long-term (next 3-5 years), and related to your personal, professional and spiritual existence.

-          Goals should be committed to paper, reviewed and updated periodically to remain consistent with your vision and values.

-          Goals should be defined within a range of possible outcomes only when you're unable to set a specific goal.

-          Goals should never be established for self-glorification, or at the expense of others.

-          Goal setting with others should always be done in a face-to-face setting.

-          Goal setting should include any qualified conditions pertaining to their achievement.

-          Goal setting can translated into confidence building.

-          Goals should only be shared with people you trust and respect. 

As you can see, the process of goal-setting is very deliberate and structured. It requires an understanding of your personal, professional and spiritual values and the vision for your life. It also requires that you be willing to do whatever it takes to achieve your goals, as long as they are legal, moral, and ethical. The operative words in this commitment are ‘be willing’. You must possess a willingness to do whatever is required (this does not necessarily mean you will have to do anything - just be willing and ready to, if it is necessary) to achieve your goals.

The achievement of your goals will also require that you put forth time and effort. Without action, goals are merely fantasies. We all wish we were rich and famous and never had to work anymore. While this is a bit nebulous, it is nevertheless possible for anyone to achieve, if they are willing to put forth the time and effort to do what it takes to get there. Peter Drucker said, “Most people don't plan to fail, they just fail to plan.” We all need a ‘blueprint’ for our lives if we are to get what we desire. In the process it’s important that we be flexible enough to respond to the changes, challenges and opportunities we are likely to encounter, in our commitment to achieving our goals.

SUMMARY

Goal Setting requires

Structure:

Start with a dream and then identify the goal, objectives, strategies, and tactics to accomplish the desired results.

Content:

Should be ‘SMART’ (Specific, Measurable, Achievable, Realistic, Time-bound)

Action:

Armed with a positive attitude, create a plan, put forth the time and effort and measure your progress in the process of achieving your goals.