Leadership cannot be defined as one specific trait or characteristic. It is a combination of traits and behaviors that makes someone a good leader and a respectable person. Some of the leading entrepreneurs of today have shown many such characteristics that make them worthy of the position they hold and influence the world to be a better place. Let’s take a look at some of the most inspirational qualities of leading entrepreneurs from around the world.
1. Do not forget where you belong – Sundar Pichai
Born and raised in a small town in Chennai, Pichai understands the importance of remembering where you come from even after becoming someone great. Till date, he always acknowledges his parent’s devotion and sacrifices they made for the sake of his education. Despite his various achievements, intelligence and dedication towards his work, he still remains the same curious little boy from India who wanted to explore the technology world.
2. Know when to let go – Sir Richard Branson
The founder of the Virgin Group and one of Britain’s richest people, Sir Richard Branson has advocated letting go of one brand in order to keep the rest of the organization healthy. In March last year, Alaska Airlines bought Virgin America and decided to retire the name of the company. Sir Branson realized the importance of letting Virgin America go despite having an emotional attachment with the company. In a letter addressed to the employees, he wrote, “As an entrepreneur’s brand, Virgin is always starting new businesses. And (sic) we will not stop.” It takes a lot of courage to start a company and build it, but it takes more than just courage to know when to stop and let go of something that is not working. Honor the process of building a company, but, more than that, honor the people who were a part of that journey. “This was the ride and love of a lifetime. I feel very lucky to have been on it with all of you.”
3. Lead By Example – Elon Musk
The CEO of not one but 3 successful companies SpaceX, The Boring Company and Tesla, Elon Musk has been constantly pushing the edge of reality. From launching the heaviest rocket ever carrying a car to making electric cars a luxury, Musk has been at the forefront of making things happen. He has always believed in changing the world through his tenacious work ethic and execution. No matter what your goal is, leaders need to develop a vision for where they would like to be and work until they reach their destination. “If you’re co founder or CEO you have to do all kinds of tasks you might not want to do. If you don’t do your chores, the company won’t succeed. No task is too menial.”
4. Evolve with the times – Anand Mahindra
CEO of Indian multinational conglomerate Mahindra Group, Anand Mahindra has positioned the company as one of India’s most respected and innovative companies around the world. The 60 year old CEO is very active on social media and believes in successfully making a connection with the younger generation on their turf. Despite belonging to the old school of corporate honchos, he thinks if you’re a hierarchical leader, if you’re bureaucratic and not empathetic, you’re going to be dead in the water. “Create a rich environment for growth – everyone’s growth. The person who is skilled enough to grab those nutrients is probably your future leader.”
5. Stick To Your Values – Azim Premji
A person is defined by their characteristics, values and ethics. A business is also defined by the kind of values and principals it follows. Azim Premji is also known for working the same way he leads his life. Values should form the core of the business as success in business eventually but inevitably follows. Stand by what you do and do not compromise under any situation. “Once you stand by what you believe in and don’t compromise with it under any circumstances; you become resilient to stand up to crisis.”
Let these’s world leaders inspire you to do better, be better and lead with pride.
How To Build Trust With Clients
For new businesses to grow and have their marks felt, the most important factor is trust. When you are working at a company, your reputation is everything and when that does not work the way you want, things can get messy. With your entire future at stake, building and establishing your trust factor is definitely the most important thing. Here’s how you can get people to not only take you seriously, but also believe in what you have to offer to the world.
1. Show your clients your human side
More often than not, one of the biggest mistakes a company makes is the way you approach your clients. Have a human touch to your messages and make sure people understand what you are saying.
2. Show your clients you trust them as well
One of the primary things to learn about trust is, it has to be earned. You need to let the other person know you trust them as well and that can only be done if you put everything about you as a company on the table. It is also important to know that your clients are not stupid. They know what they are doing and saying, so make sure you give them the benefit of doubt in these cases.
3. Stick to your commitments
The moment your clients realise you are a company which sticks to your word, trust is not far off. If you can’t keep to your commitment, then explain the situation and let your client know why something didn’t happen as planned. The more you give your client an insight into your ways of working, the more validation you get from the client. Always a good rule of thumb for building trust!
4. Display competence
When you show your clients you are in the business for the long run, one of the key ways to do that is by displaying competence. Know what you are talking about and when you don’t, understand the situation and get complete clarity on what is happening. Make sure you are completely honest about what you are saying because while people can understand lack of knowledge, a lie is harder to forgive.
5. Value feedback
While you may know what you are saying and doing as a company, it is important to understand the other person is only saying what they are because they have constructive feedback. The feedback may be obtained in the form of a quick survey or through pointers received from the client. Take what makes sense to your business and let your client know you appreciate what they have to say in a manner which does not come off as defensive.
6. Create an experience
Treat your clients in a way which lets them know they have your complete attention. Always remember the saying, “Marketers don’t make the brand, people do.” Make every interaction with your client memorable, in a manner that ensures longevity in memory!
While building your company in itself is a hard task, establishing trust is harder. If you think there other ways you can build trust between you and your clients, comment and let us know!
Technological Trends To Look Out For In 2019
The growing presence of the digital world is impacting not just our lives, but also the major trends in the world. While this past year saw an evolving of artificial intelligence and robotics, the coming year is going to see the presence of brand new trends not just on the digital front, but on the technological side of the world as well.
1. Edge Computing
What started off as cloud computing has now given way to something really exciting in the form of edge computing. Edge computing is here to help solve all the glitches that cloud computing initially had. With faster processing, edge computing can be used in time sensitive situations, with no particular necessity of being connected to a centralized connection. Furthermore, with the increase in the number of devices connected to the Internet of Things, edge computing will have a stronger presence in the world.
2. Artificial and Machine Learning
Artificial learning and machine learning, while a strong part of this year, will be quite worth the watch even in 2019. Although AI has been around since 1956, the last year saw an increase in the number of people around the world connected to devices through AI. Through the increasing usage of AI, technology and digitization evolved to give way to machine learning. Apart from reducing the amount of time spent on work, machine learning is going to be one of the most sought after jobs in 2019!
3. Digital Twins
A digital representation that replicates real life objects, processes or systems, digital twins can be linked to create twins of larger systems such as power plants, or even an entire city. While the concept of digital twins has been around for a some time now, the year 2019 is going to see a stronger, especially with the increasing usage of the Internet of Things. One of the major technological trends in the coming year, Digital twins are going to help in reducing the amount time spent on getting the work done.
A system that allows companies to simplify the process of online transactions with one another without relying on a centralized third party, blockchain is a trend that has quickly picked up in the last year and is going to be one of the forebearers of the change in technology in 2019. Drastically cutting down the amount of time and friction between transactions, the coming year is going to see blockchain being used in various fields like administration, healthcare and manufacturing.
5. Smart Spaces
Designed to give humans and technological systems the chance to interact with one another in open, connected, coordinated and intelligent ecosystems, smart spaces are going to be one of the major breakthroughs in 2019. With technology playing such a massive role in everyday life, smart spaces are going to help in reducing the amount of time which goes into getting the final deliverables out, thereby increasing the time spent on perfecting the already existing processes. With smart spaces, there will be an evolution in technology with a focus on multiple areas like healthcare and real estate!
With this year already seeing a growth of technology toward a different direction, the coming year looks quite exciting. What other trends do you think are going to be there in 2019? Comment and let us know!
Signs Which Show You Are Meant To Be An Entrepreneur
Have you ever had that itch, when you worked at the same place for a long time and realised you just are not meant to work for someone else? Have you ever had that feeling where you are never satisfied with what you do, no matter how interesting your job profile may be? Then you probably aren’t cut out to be a part of the corporate world. While most people don’t think they can branch out on their own and become an entrepreneur, if you have these signs, then this is the role for which you have been looking!
1. You like taking risks
Were you the first one to jump into things everyone was scared of doing when you were a kid? Were you always known for walking down the longer and scarier route instead of taking the easiest road out? Then these are all clear signs of you being a risk taker! One of the key features of being an entrepreneur is to be able to take calculated risks and if you were able to do this all your life, then the stars are clearly aligned in your favour.
2. You never felt like you belong
More than half the entrepreneurs in the world never felt like they fit in the normal ways of life. If you think the 9 to 5 schedule is not meant for you and you were never able to stick to a pattern, then the corporate life isn’t meant for you.
3. You want to keep learning
One of the major traits entrepreneurs have is a love for learning. Everything is new and everything is exciting. There is no dearth of knowledge in the world and when you think there’s a new subject, the learning is always better and more exciting.
4. You like walking on the path not known
The ability of being able to think outside the box is what sets entrepreneurs and businessmen apart from each other. While most entrepreneurs have the urge to move beyond the conventional path of what is already there, it is the entrepreneurs who work toward creating their own boxes. If you were never okay with being ordinary and common, then the entrepreneur life is for you.
5. Competition is your middle name
Have you ever had the urge to always be better than everyone around you? Were you never satisfied with standing second on the list? Then you are a truly competitive person and you like coming out first, always! Having a competitive streak is one of the most important traits possessed by an entrepreneur and if you fit under this category, you know what your end goal should be!
6. Your eyes are set on the bigger picture
If you were never bogged down by the inconsequential things in life, then you know you have your eyes set on the bigger things in life. You have a vision and your mission in place and when you work to make your dream come true, you know you have your eyes set on a future which is far from what meets the eyes.
When you are an entrepreneur, you don’t just wake up one day and realise you want to branch out on your own. There is always an urge and a push which makes you want to do something bigger in life. If you think we missed out on any other characteristics, comment and let us know!
- How To Build Trust With Clients
- Technological Trends To Look Out For In 2019
- Signs Which Show You Are Meant To Be An Entrepreneur
- HR Tools To Automate Procedures
- Apps Which Make Your Life Easier
- Travis Kalanick Life Lessons!
- Uber: Unknown Facts About The Ride Sharing App
- Creative Blocks And How To Get Over Them
- How To Launch A Successful PR Campaign For Your New Business
- Best Digital Marketing Advertising Platforms
- How To Market Your Business Offline
- Things you need to start a business that are not money related
- Entrepreneurs Who Prove Age Is Just A Number
- Wild Startup Ideas Which Are Now Successes
- Influencer Marketing And Its Relevance In Today’s Marketing World
- Apps That Are Making An Impact On The World
- Copyright Law And Digital Media
- Women Leaders Who Are Changing The World
- Emails And How You Can Make Your Points Effectively
- Digital Marketing Taking Over Traditional Marketing