Success through self control

“An excessively ambitious man and an overly aggressive woman never live in peace and prosperity.” – Prof. M.S.Rao

What is Self-Control?

Self-control is all about altering one’s own attitudes, behaviors, personality in tune with expectations and standards of the society in order to achieve one’s goals and objectives. Failing so, it results into rejection and ostracisation by the society. It requires great mental energies and efforts to possess self-control.

Self-control is like self-mastery. It is absence of anger, intolerance and impulsiveness. You may compare your body with a chariot, your mind with reigns and your intellect with driver. Self-control means controlling your mind and body. You can make anything and everything through self-control. You need to control all your five senses such as sight sound, smell, taste and touch to have total control on yourself.


Merits of Self-control:

Self control gives you peace of mind, ensures better relations with others thereby giving you competitive edge over others. Better self-control leads to higher self-esteem, better interpersonal skills and emotional intelligence. It will earn you respect and goodwill in the society. It makes you simple and humble. Overall, self-control enhances the personality of individuals thus taking them through the righteous path. People reached from nowhere to number one position though sheer self-control.


Demerits Due to Dearth of Self-control:

It is difficult to raise high in life. And it is very easy to fall free in life. Lack of self-control has several demerits. People resort to drugs, cigarettes, alcohol, crimes and violence, impulsive behavior and unwanted pregnancy due to lack of self-control. Individuals lose self-respect and dignity in the society. They may be subjected to humiliation and insults among their peers. People may get into wrong path. Those who do not have self-control don’t enjoy reputation. A few celebrities involve into controversies. Although it may be good to get instant publicity to promote themselves, it demonstrates their lack of self-control and it will harm them in the long run. History reveals several great leaders getting into abyss due to lack of self-control.


Tips for Better Self-Control:

• We are human beings with emotions. When emotions cloud reasoning, you will be driven over the edge. Don’t be impulsive. Hold back yourself. Lack of self-control result into a moment of madness and lifetime regret. Don’t be unduly emotional. Learn to utilize your emotions effectively.
• Do meditation regularly to have better control over your mind.
• Feed your subconscious mind with positive thoughts.
• Hypnotize your mind that you have adequate self-control.
• Control your behavior as per the expected standards and benchmarks.
• Take intrapersonal and interpersonal feedback regularly for building self-control.


Susan’s Anger and Ron’s Self-Control:

"Friends are made by many acts...and lost by only one." -- Harvey Mackay


In an office two colleagues by name Susan and Ron worked amicably. Susan was senior in the office while Ron was junior although the latter was elder to the former in age. Besides, Ron was more experienced when clubbed with his past experience in other areas when compared with Susan. Both Ron and Susan were good by nature, but Susan was a stubborn and dominant woman. She always dictated others as she was the senior most in the department. However, both maintained good friendship.

Once there was a task assigned by Susan where in Ron was asked to collect the documents of other departments and were to be handed over to HR department. Under the instructions of Susan, Ron collected and handed over to Tony in the HR department. But what Susan meant was to hand over the same to a specific person John in HR department. In fact, Susan and Tony did not gel with each other.

On hearing that the documents were handed over to Tony, Susan burst into anger and shouted at Ron. Ron tried to remind Susan that the documents were handed over as instructed. Susan lost her self-control and took Ron to task about the issue. Ron repeatedly tried to persuade Susan that it was not an issue to blow up in proportions. He went on further by telling her that Susan would have specifically communicated to hand over the same to John. Ron was a cool and mature man and somehow managed to control the temper of Susan about the improper communication. From thereafter, both Ron and Susan had strained relations and departed forever. From this example it becomes very clear about the importance of self-control.


Conclusion:

Acquire knowledge as knowledge is power. It will help in strengthening your self-control. Those who are highly focused and task oriented have better self-control than others. Leaders demonstrate their self-control during success and defeat Self-control is a skill. It is not a trait or talent that one is born with. It is possible by changing your behavior through practice. Everything is in your mind. Therefore, control your mind so that you can control everything within and around you for achieving all-round success.

FINANCIAL TIPS.

Why you need to save?

Saving is putting money aside on a regular basis, once you have a good amount saved, you can begin investing. It really grow your money from there you can begin to build wealth.

Steps involve in a successful savings:
Set saving goals – By planning, figure out how much money you will need to live comfortably for a period of time.
Establish a timeframe – Set a particular date for accomplishing short term goals and make sure the goal is attainable within that time period.
Figure out how much you will have to save per week, month, or per pay cheque.
Keep record of your expenses. Write down everything you spend your money on a couple of week or in a month.
Trim your expenses – take a good look at your spending records after a month or two, you will likely see some obvious cut to make.

Why you need a budget:
A budget help to prepare for emergencies or unanticipated expenses
A budget is a guide that tells whether you are going in the direction you want to be head in financially.
A budget let you control your money instead of your money controlling you.
A budget can help you meet your saving goals.
A budget helps your entire family focus on common goals.
A budget reveals area where you care spending too much money so you can refocus on your most important goals.
A budget shows you exactly where your money goes and provides a spending plan that let you save for the things that are important to you.
Why we hold money:There are three motives why we hold money.
Transaction motive – People need to hold cash for various motives day to day transaction, to buy goods and service, transaction motive can be subdivided into two. Income motive and Business motive, under income motive people hold cash to run their daily expenses, under business motives, business hold cash to meet their running expenses of products.
Precautionary motive – This motive refers to the desire to held money to meet the emergences and unforeseen expenditures e.g. illness, accidents, unemployment and to face uncertain needs in business.
Speculative motive – They refers to desire of people to keep assets in liquid form to get advantages of the changes in prices of shares, bonds, securities. In Stock Exchange Market, liquid asset held under these motive depend upon the rate of interest.

HOW TO ACCOMPLISH YOUR GOAL.

ABSTRACT

The article highlights about the problems being faced by many people in recognizing their inner strengths and the problems involved in setting goals and achieving the same. The concepts like treasure mapping, visualization and stretch goals have been talked about in this article. It dwells in depth about the concept of goal, its significance and ‘why do people fail?’ The goal setting for students by taking Indian Civil Services Examination as an example has been created so that the same can serve as a case study and which will serve as an approach for other careers for all students. The article lays emphasis on Indian culture of goal setting. The author has mentioned the types of goals and evolved a new concept ‘MSR Goals’ at the end. The tools and techniques and the innovative methods that can be deployed to accomplish the goals is focussed. At the end, the practical problems related to goal setting, obstacles involved, how to overcome the same has been effectively addressed to reach one’s cherished goals.* * *“ THE WORLD MAKES WAY FOR THE MAN WHO KNOWS WHERE HE IS GOING” – RALPH WALDO EMERSON.WHAT IS GOAL SETTING?Every human being has an inherent, innate urge to grow and get recognition. It is natural trait amongst all the human beings to do something unique and extraordinary in order to get noticed. It is because of this strong desire, man invented many things right from the Stone Age and evolved himself as the most intelligent animal that can talk, memorize and reason. All the latest technology, comforts, innovations, inventions etc., are the result of the root desire to excel and get noticed from the crowd. Although all human beings are gifted with many qualities and traits, it is only a few who explore their inherent strengths and succeed in the society. And the majority gets absorbed in the crowd. Goal setting as a tool had been existing since time immemorial but very few realized that goal setting as a science and as a tool. All people those who succeeded from Stone Age to space age has set their goals one way or the other. Goal setting is a wonderful and interesting tool and, if used as the right technique, man can succeed in his life. The management books do lay stress on this as it has become a vital and pivotal for the success of any institution or organization. In this century and especially in the recent years this tool is being added in various academic institutions in order to get the best results.IMPORTANCE:Everyone has a goal either directly or indirectly and whether one pursues seriously or casually and whether knowing it consciously or unconsciously. Goal setting as a tool can unlock the vast hidden human potential. Harvey Mackay quoted, “ Goals give you more than a reason to get up in the morning; they are an incentive to keep you going all day. Goals tend to tap the deeper resources and draw the best out of life”.Goal setting as an idea can change the world within you and around you. It makes an individual to plan properly. It provides a sense of direction and prepares one to organize himself properly. It constantly awakens an individual to remain alert both physically and mentally. It builds up confidence and competency. It raises the levels of energy and enthusiasm. It cultivates passion and it brings out the best from the people. And it helps in managing one’s time efficiently and effectively.

TYPES OF GOALS:

Goals vary from person to person depending upon the values one cherishes. For example, the goal of Mahatma Gandhi was to attain independence for our country from British. The goal of a sportsman is to win goals medals in Olympics. The role of a businessman is to stand numero uno in his business line. The goal of a student is to stand first in his class or to stand first among all institutions. Likewise goals differ from individual to individual depending upon his tastes and temperaments.However, the goals are basically divided into short term and long term goals. Again, the span of long term and short term differs from context to context. Usually less than a year, it is known as short-term goal and if it is more than a year, it is known as long term goals. One needs to have both short term and long term goals and one must see that these two are closely related. To lay stress on the significance of long term goals Charles C. Noble rightly said, “You must have long term goals to keep you from being frustrated by short term failures”.For instance, if some one wants to become a successful businessman, he must set his short term goals in such a way that the successes or achievements made out of the short term goals must be intertwined with his long term goal. Even if there are short falls or set backs resulting out of short-term goals, the long-term goal will not be lost sight of as aptly said by Charles C. Noble.In marketing language, goals are known as targets and the marketing people continuously strive to reach their marketing targets. By this way also the companies expand their business.Jack Welch of General Electric (GE) highlighted about stretch goals. When the goals are stretched, people work with more dedication, determination and discipline. Because stretching oneself leads to touching upper limits and touching one’s upper limits bring a great sense of fulfillment and satisfaction. One way the stretch goals are encouraging and enlightening and force an individual to stretch to greater limits.

HOW TO SET YOUR GOALS?

Abraham Lincoln said, “ A goal properly set is half way reached”. First, find out the strengths and weaknesses and list it out. It is desirable to consult your trusted colleagues to assist you in this exercise. All human beings have biases and prejudices. And if assessed by yourself it may not give you correct analysis. Acquire the correct analysis and report of your strengths and weaknesses. After listing out your strengths in the assets side and weaknesses in the liability side, you can deeply analyze and can come to a conclusion about your personality profile. Then you list out your inner ambitions and goals whether they are matching with your profile. Whether it can be attained or reachable and what are all the obstacles or hindrances or the stumbling blocks on the way to reach the same. It is a typical mental exercise but once the process is completed it is almost like a winning half of the battle.All efforts must be made very clear to see that the goals are not conflicting and contradicting with each other. Check whether your goals are in tune with your principles, policies, philosophy and ideals. If found to be in tune than go ahead. It is like what Epictetus said, “First say to yourself what you would be; and then do what you have to do”. The next stage is to break the goals into smaller parts or elements. You can also divide the goals into short term and long-term goals. Here another important thing is to commit your goals on paper. Some one rightly said, “Write it down. Written goals have a way of transforming wishes into wants; can’t into cans; dreams into plans; and plans into reality. Don’t just think it – ink it! ” Studies revealed that 95 percent of the people don’t write their goals and it is only 5 per cent write and their success rate is higher.After classifying written goals into short term and long term goals, break down the tasks further on a daily, weekly, fortnightly, monthly, quarterly and annual based. By executing in this way you will get focussed and it becomes easier for you to monitor your performance periodically. It is like a few people making annual resolutions on every New Year day and tracking the same at the end of the calendar year.Goals should be set in such a way that you must be able to work with passion rather than under compulsion. While setting the goals there should not be any influence from parental side, family side or friends’ side. And don’t set the same goals, which others have set and succeeded, as goals will vary from person to person based on attitude and aptitude. In a nutshell, don’t copy others’ goals.While setting goals, usually set small, achievable, and reachable goals. Any effort to set bigger goals in the initial stage itself will lead to failure and becoming a demotivating factor and thereby upsetting the apple cart. Global steel giant Mr.Lakhsmi Niwas Mittal said, “Set realistic and achievable goals. After achieving the same, set further higher goals”. For each goal there should be a deadline and fixed time frame. Ensure that the goals have multiutility purposes and objectives. At times intuition can prove handy in setting goals.It is rightly said, “A successful person doesn’t quit trying once a goal is reached, but sets a new one and keeps going”. Always reward yourself after reaching each small goal. It boosts your energy levels and also serves as a motivational tool.

GOALSETTING FOR STUDENTS:

Students should recognize their inner and inherent abilities in the childhood itself. A goal, which is focussed for a long time and that too from the tender age itself, will become more meaningful and realistic. “Goals are discovered, not made”, said Richard J. Foster. In this context, the parents must play a pivotal role to find out the hidden talents of their children by scientific or psychometric analysis tests and must nurture the children. Simultaneously, teachers have also a vital role to play in this context. They are also involved in shaping the minds of the students. If the approach is triangular i.e. from parental, teacher and from the student level then the probability of reaching goals faster and quicker are brighter.If a student dream of becoming an IAS (Indian Administrative Service which is a prestigious civil servant post in India), he should get equipped him right from the elementary school level itself. For this, there should be both short term and long term goals. In short term goals, the student should stand first in the class by reading the entire subjects voraciously from different dimensions. He must be a good leader in the school level itself by organizing various social and cultural activities. He must excel in all types of competition such as quizzes, essay writing, extempore speech etc., He must also participate in sports and extra curricular activities, which builds qualities like team spirit, camaraderie, killer instinct, organizing ability and sociability. Like wise, he must be all rounder right from the school level itself so that when he comes to higher level of education he will have strong foundation. Rather he will become jack of all trades and when he joins in degree level he will become master of a particular trade.The short-term goals, which he achieved, will indirectly correlate to his long-term goals of becoming a prestigious civil servant. The extracurricular activities like reading newspaper daily, winning in essay writing, extempore speeches; debates will groom him to become an eligible participant for civil services. The student is sure to succeed in the competition examinations and will come out with flying colors because he knows something of everything and everything of something. Such a wonderful example of a particular career is given to effectively combine both short-term goals and long term goals chronologically and systematically in order to make it like a case study for all students with a career of his choice.

WHY DO PEOPLE FAIL?

“The shortest way to do many things is to do only one thing at a time”, quoted Sydney Smiles. People fix too many goals at a time and get confused. The so-called multitasking is not effective in goal setting, as the individual is not able to focus on a singular activity with concentration. Such things lead to confusion and chaos resulting in failures. And it is a known fact that failure rarely stimulates positive vibes except in case of a few extraordinary individuals.Some people are good starters but are poor finishers. When they are faced with obstacles their initial enthusiasm gets fizzled out thereby neglecting their goals. Overconfidence is the worst enemy. People tend to rate themselves as superior humans and take everything for granted resulting in failures. Some people are a confused lot and they keep changing their goals frequently resulting in a fiasco. Lack of involvement and resources could result in giving up goals.Setting unrealistic goals could prove to be counter productive. People often fail to break a big goal into small elements and make futile efforts to achieve and fail miserably. Lack of sincere and sustained efforts may be another reason. “Vision without action is a day dream, action without vision is a nightmare”, goes the Japanese proverb. In few cases people work without any proper planning thus resulting into a fiasco. People often get confused between hard work and smart work. In fact what is needed is the combination of hard work and smart work that can deliver healthy and positive goods to reach goals. Improper time management is one of the key reasons to failures. Procrastination is the thief of time. People are in the habit of postponing the difficult tasks thus resulting into procrastination. Once the goal is set there has to be determination to reach by any means. In some cases, people do not organize actively towards their goals due to lethargy. In this context Elbert Hubrard clearly said, “Many people fail in life, not for lack of ability or brains or even courage but simply because they have never organized their energies around a goal”.

OBSTACLES TO GOAL SETTING:

The globally renowned American author, Dale Carnegie said that man had to conquer six types of fears. Firstly, fear of criticism, secondly fear of failure, thirdly fear of old age, fourthly fear of poverty, fifthly fear of ill health and sixthly fear of death. It is fundamentally both the fear of failure and fear of criticism that are the stumbling blocks to goal achievement. People tend to bother and tend to be oversensitive and as a result, they fail to retry even after their repeated failures. One should make a note that success is the product of successive failures.Wavering mind is the worst enemy of a man. Once the goal is fixed the mind should neither wander nor waver from the goals. People, at times, get engaged with too many other activities resulting in ineffective concentration on goals. Lack of emotional support either from family or friends can divert the attention. Inadequate resources may become another obstacle. People are often faced with internal and external threats. In most of the cases, the internal threats can be managed. Where as the external threats can not be managed effectively which are in fact beyond human control. Even if one is sidetracked temporarily due to threats he must be able to place himself on the right track mentally. Things like insecurity at times become another major mental block.

TOOLS AND TECHNIQUES TO ACCOMPLISH YOUR GOALS

Always develop the ability and capability to hit the bulls’ eye. Periodically monitor and review your goals. Whenever you reach your goals, try to reward yourself with a small break or holiday or a gift which drives your energy level to the higher level. Regularly check yourself whether you are sidetracked or sidelined from your committed or chosen path. Set reminders to cross check whether you are on the fast track or not.Daily read the written goals once in the early morning when you get up from your bed and again when you go to bed. By doing so, your goals will automatically go to your subconscious mind which will serve as a reminder whenever your mind goes out of sight or out of the way of your chosen goals. Try to come out from your comfort zone and enter into effective zone, which brings thrill and joy and keeps you going. Always attempt to touch your upper limits. Once you reached a goal, set tougher goals so that you tend to touch your upper limits further.Try to motivate and hypnotize your mind and visualize that you have reached your goals. Treasure mapping and visualization work as a wonderful tool to reach your destination. Close your eyes for some time, picturize and visualize the success and then open your eyes, you will find yourself with radiating energy and enthusiasm. It refreshes and recharges your mind.Daily allocate fixed amount of time for your both short and long term goals. Try to remove your psychological and mental blocks and myths, which hinder to the path of reaching your goals. Create a friend circle that contributes towards your goals and values either directly or indirectly. Collaborate your different goals into one and streamline rather than indulging in conflicting, confrontational and competing goals.You should always be guided with single objective, which must be highly focussed. In the Hindu epic – Mahabharat, the teacher Dronacharya was often blamed by his students who belong to the faction of Kauravas and especially Duryodan that he was showing partiality to Arjun of Pandava faction. The teacher Dronacharya who was vexed with frequent allegations by Duryodan offered a test to showcase the skills what Arjun possessed. Dronacharya arranged a fish, which was kept hanging with a thread with in a tree and asked all his students to tell what did they see in the tree. Every one could not notice the fish and said that they found leaves and fruits. But it was only Arjun who said to his teacher (Dronacharya) that he was able to see an eye (i.e. eye of a fish). It shows that Arjun was highly focussed on his goal (i.e. eye of a fish) not even the fish. Then Dronacharya told his students that all his students were equal but it was Arjun who was more dedicated, concentrated and focussed on his goals. Therefore, you must stay focussed on your goals and that is the mantra of success and the secret of success.Wherever it is possible, simplify your life by removing complexities. Be committed and always do not say ‘yes’ to all other unrelated tasks for the sake of courtesy as such things will divert and divest you of your objectives. Try to keep motivational and inspirational postures related to your goal at your home and at your work places. The author has a poster of Swami Vivekananda with a slogan, “Arise! Awake! And stop not till the goal is reached” at his bedroom which constantly motivates and takes him towards his goal. Listen to the audio CDs related to your goals and watch video CDs that will elevate you. Always think, dream and sleep with your goals and one day, you would find that you have reached your goals and the entire world applauding over your achievements.CONCLUSION:The road from nowhere to number one is not easy and it is an uphill task. It requires a lot of planning, organizing, directing, preparation, controlling both internal and external deviations, which might sidetrack or sideline the cherished goals. Materially, motivationally and managerially, it requires a confluence of various factors and resources. In this context, Aristotle aptly said, “First, have a definite, clear practical ideal; a goal, an objective. Second, have the necessary means to achieve your ends, wisdom, money, materials, and methods. Third, adjust all your means to that end.”You should accept goal setting as a strategy and adopt it as a powerful tool and technique. Set your goals rightly, get into the correct track, follow the right track and be always on the fast tract to reach your beloved and cherished goals.M S R GOALS:Jim Collins’ ‘Good to Great’ gave a tip to have ‘Big, Hairy, Audacious Goals’.Goals must be motivational and inspirational. The goals so set must move you constantly on your toes. It must provide daily fuel to your body and mind and energize with enthusiasm. Arnold H.Glasgow rightly said, “Make your life a mission – not an intermission”. Your life will be filled with energetic activity with a mission to achieve your goals.Make your goals simulating and stimulating. The goals will make you to visualize your success in simulated conditions. Such simulated mental success will in fact raise your interest to achieve your goals in realistic world.When you set reachable and practical realizable goals, then there will be a higher success rate to accomplish your goals. When one set practically possible goals it enhances confidence to move ahead with optimism and dynamism.MESSAGE:Never change your goals. Setting goals is like setting your destination towards success. If required, change only your strategies to reach your destination but not the destination itself, however problematic the path towards your destination might be. Madam Curie won Noble prize twice. She said that path to success was not easy. She always worked against all odds and reached her goals successfully.Remember the wonderful words of Ursula K. Leguin, “It is good to have an end to journey, but it is the journey that matters in the end”.

WHAT IS ALL ABOUT ENTREPRENEURSHIP

Entrepreneurship is the process of converting prevailing problems into profitable solutions. It requires huge appetite on the part of the entrepreneurs to convert threats into opportunities. It needs the skills and abilities to minimize risks and maximizes returns. It calls for extraordinary courage to work under uncertainty and complexity. Entrepreneurship is confluence of three skills such as technical skills, business management skills and entrepreneurial skills. All these skills focus on communication, human relations, environmental scanning, planning, organizing, staffing, leading, controlling, directing, risk-taking, innovation, passion, persistence and perseverance. Any entrepreneurship requires four players basically where entrepreneurs are actors, angel investors are producers, mentors are the directors and the fourth players are customers. Are Entrepreneurs Born or Made?People often debate whether entrepreneurs are born or made. It is always the problems that lead to prospects. When faced with uncertainly and complexity in life, people risk themselves and find out the solutions for the existing problems. For instance, Ross Perret who worked in IBM found out several solutions for processing of data and attempted to sell to IBM. After rejection from IBM, Ross Perret set up enterprise and sold it for handsome amount. As necessity is the mother of invention, human mind explores and experiments only when there is a necessity. Most of the successful entrepreneurs in the world are self-made and are not born as entrepreneurs. Entrepreneurship is more of skill rather than talent. Skills can be acquired while talents are inborn. It is for these reasons the educational institutions are encouraging entrepreneurship as a discipline in their curriculum. Therefore, it can be firmly said that entrepreneurs are not born but made out of necessity and out of fire in their belly. Characteristics of Entrepreneurs:They are highly passionate and pursue their dreams till end. They treat themselves like round the clock workers. They have strong business acumen and are die hard optimists. They never give in and never give up. Yet they are flexible and adaptable. They know ‘where to go’ and delegate and deploy their team in ‘how to go’. They have higher levels of energy and enthusiasm. And last but not the least, they are highly motivated and focused. Role of Entrepreneurs:They should be conflict managers and trouble shooters. They should be able to link both internal and external environment of enterprise to accomplish organizational goals. They must be able to oversee and interlink several functions of human resources, finance, production, operations, marketing through big picture. They should know the knack of handling investors, bankers, suppliers, clients and bureaucrats. In a nutshell, they must be all-rounder. Recession and Entrepreneurship:During steady and consistent growth, people will be in their comfort zones and don't think of changing and reinventing themselves. Right now, recession is a right opportunity to explore and experiment entrepreneurial instincts. Huge opportunities are waiting where in people need to do extensive research in finding out the needs of the others with changing times and with changing consumer preferences and filling the same innovatively. Recession is also an opportunity where less number of people dare to enter into entrepreneurial ventures. There will be least traffic towards this area. The strong and bold who have vision can enter, as things are available cheaper rates such as labor and raw materials are available at cheaper prices. Once the enterprise is set up at this recessionary period, then it can gain rapid momentum when economy is in full swing.Reasons for Entrepreneurial Failures:For any business to survive, the cash flow has to be smooth. The business must go on and on. The marketing must be strong to cater to the needs of the consumer. When there is no adequate revenue generation then the cash flow gets affected, the business may collapse. When the rate of interest is higher, most of the profits can be eaten away by the interest resulting into loses. There is continuous need for innovation. It is basically not because of competition that the companies have to innovate but also to stay ahead, it is desirable to constantly and continuously resort to innovation. When there is failure in this front, the chances of debacle are higher side. Inadequate access to information may result into improper judgment thus leading to wrong decisions. Lack of teamwork leads to lack of cooperation among the founding members and that may result into collapse of enterprise. Adjusting to luxurious life just because the enterprise has taken off well in the initial stage itself on the part of new entrepreneurs may prove to be costly for business. To put it finally, overambitious attitude, overconfidence and miscalculation of entrepreneurs may doom the prospects of an enterprise. Conclusion:Entrepreneurship is not for faint hearted. It is purely meant for brave hearted. It requires lot of struggles and sacrifices to make things happen. It is a trial by fire scenario. If everything goes on well, the entrepreneurs come out with flying colors. Or else, they would end up in a fiasco. Geographically small countries like Finland, Germany, Britain, Japan, Korea have produced several successful entrepreneurial giants. Just imagine a country like India with a billion plus population should produce number of entrepreneurs?

MENTORING FOR ENTREPRENURS.

Mentoring encapsulates every aspect of organization. It is not confined to human resources related aspects alone. When budding entrepreneurs start off, they look for ropes initially to avoid setbacks. Mentoring helps in motivating and grooming the entrepreneurs. Angel investors who are successful entrepreneurs with rich experience can provide adequate practical inputs for the start ups. In fact, angel investors are the right people to provide mentoring. Youth have fire in their bellies and those who are bitten with entrepreneurial bug can get huge benefits out of mentoring. Mentoring helps the entrepreneurs to build confidence thus maximizing success rate.Mentors should strategically evaluate and plan the business growth of the mentee. They need to provide constant support out of their experience and expertise. The mentors are preferably the successful business persons. This helps them to provide solutions and strategies based on their business experience. Entrepreneurs should have multiple mentors to have wide range of ideas and insights. It widens their mental base with diversity of thoughts. The best ideas can be adopted for achieving entrepreneurial success. Having multiple mentors lead to composite of excellent ideas. Each mentor has his own network and networking with one mentor opens the doors for other mentors easily. Over a period of time the network gets expanded, besides creating knowledge base.Mentors for entrepreneurs must be the people with entrepreneurial experience. Mentors do it because it is type of individual social responsibility to give back their experience, knowledge and wisdom to the society. An intelligent person knows by other’s mistake where as a foolish person learns by own experience. Learning from mentor is behaving like an intelligent person. It minimizes failure rate and maximizes success rate.

Alphabet of Happiness

A--AcceptAccept others for who they are and for the choices they've made even if you have difficulty understanding their beliefs, motives, or actions.
B--Break AwayBreak away from everything that stands in the way of what you hope to accomplish with your life.
C--CreateCreate a family of friends whom you can share your hopes, dreams, sorrows, and happiness with.
D--DecideDecide that you'll be successful and happy come what may, and good things will find you. The roadblocks are only minor obstacles along the way.
E--ExploreExplore and experiment. The world has much to offer, and you have much to give. And every time you try something new, you'll learn more about yourself.
F--ForgiveForgive and forget. Grudges only weigh you down and inspire unhappiness and grief. Soar above it, and remember that everyone makes mistakes.
G--GrowLeave the childhood monsters behind. They can no longer hurt you or stand in your way.
H--HopeHope for the best and never forget that anything is possible as long as you remain dedicated to the task.
I--IgnoreIgnore the negative voice inside your head. Focus instead on your goals and remember your accomplishments. Your past success is only a small inkling of what the future holds.
J--JourneyJourney to new worlds, new possibilities, by remaining open-minded. Try to learn something new every day, and you'll grow.
K--KnowKnow that no matter how bad things seem, they'll always get better. The warmth of spring always follows the harshest winter.
L--LoveLet love fill your heart instead of hate. When hate is in your heart, there's room for nothing else, but when love is in your heart, there's room for endless happiness.
M--ManageManage your time and your expenses wisely, and you'll suffer less stress and worry. Then you'll be able to focus on the important things in life.
N--NoticeNever ignore the poor, infirm, helpless, weak, or suffering. Offer your assistance when possible, and always your kindness and understanding.
O--OpenOpen your eyes and take in all the beauty around you. Even during the worst of times, there's still much to be thankful for.
P--PlayNever forget to have fun along the way. Success means nothing without happiness.
Q--QuestionAsk many questions, because you're here to learn.
R--RelaxRefuse to let worry and stress rule your life, and remember that things always have a way of working out in the end.
S--ShareShare your talent, skills, knowledge, and time with others. Everything that you invest in others will return to you many times over.
T--TryEven when your dreams seem impossible to reach, try anyway. You'll be amazed by what you can accomplish.
U--UseUse your gifts to your best ability. Talent that's wasted has no value. Talent that's used will bring unexpected rewards.
V--ValueValue the friends and family members who've supported and encouraged you, and be there for them as well.
W--WorkWork hard every day to be the best person you can be, but never feel guilty if you fall short of your goals. Every sunrise offers a second chance.
X--X-RayLook deep inside the hearts of those around you and you'll see the goodness and beauty within.
Y--YieldYield to commitment. If you stay on track and remain dedicated, you'll find success at the end of the road.
Z--ZoomZoom to a happy place when bad memories or sorrow rears its ugly head. Let nothing interfere with your goals. Instead, focus on your abilities, your dreams, and a brighter tomorrow.

DECISION

Money is one of the most important subjects of your entire life. Some of life's greatest enjoyments and most of life's greatest disappointments stem from your decisions about money. Whether you experience great peace of mind or constant anxiety will depend on getting your finances under control.Robert G Allen - Money - Life - DecisionsI made a conscious decision to earn enough to be able to choose my husband rather than not have a career and marry someone who would have to earn enough for us both to live on.Sarah Beeny - Money - Decisions - Earnings - Relationships - CareerMy position is that I am personally opposed to abortion, but I don't think I have a right to impose my view on the rest of society. I've thought a lot about it, and my position probably doesn't please anyone. I think the government should stay out completely. I will not vote to overturn the Court's decision. I will not vote to curtail a woman's right to choose abortion. But I will also not vote to use federal funds to fund abortion.Joe Biden - Politics - Government - Religion - Society - Voting - Woman - Abortion - DecisionsThe art of leadership is saying no, not yes. It is very easy to say yes.Tony Blair - Leadership - DecisionsMy job is a job to make decisions. I'm a decision.. if the job description were, what do you do.. it's decision maker.George Bushism - Jobs - Decisions - Stupid - Leadership - PresidentWe believe ranchers and farmers and family business owners can make better decisions about the future than the government can.George Bush - Politics - Belief - Government - Taxes - Farming - DecisionsThere are only two words that will always lead you to success. Those words are yes and no. Undoubtedly, you’ve mastered saying yes. So start practicing saying no. Your goals depend on it!Jack Canfield - Goals - Success - DecisionsSuccess depends on getting good at saying no without feeling guilty. You cannot get ahead with your own goals if you are always saying yes to someone else’s projects. You can only get ahead with your desired lifestyle if you are focused on the things that will produce that lifestyle.Jack Canfield - Success - Goals - Feelings - Decisions - FocusGreatness is not a function of circumstance. Greatness, it turns out, is largely a matter of conscious choice, and discipline.Jim Collins - Great - Discipline - DecisionsI think the most important CEO task is defining the course that the business will take over the next five or so years. You have to have the ability to see what the business environment might be like a long way out, not just over the coming months. You need to be able to both set a broad direction, and also to take particular decisions along the way that make that broad direction unfold correctly.Chris Corrigan - Management - Decisions - Business - PlanningYou know in politics you are dealing in the realm of choices. You don't always have clear-cut decision between a thoroughly principled position and a thoroughly unprincipled one. You're making snap decisions with paucity of information, generally trying to do the best that you can, but you will make errors, and sometimes it's a decision between a bad and a worse alternative. It has to be done, because we need to order our society, and of politics it can literally be said: Bad job, but someone's got to do it.Peter Costello - Decisions - Social - Politics - JobsI'm convinced that we can write and live our own scripts more than most people will acknowledge. I also know the price that must be paid. It's a real struggle to do it. It requires visualization and affirmation. It involves living a life of integrity, starting with making and keeping promises, until the whole human personality the senses, the thinking, the feeling, and the intuition are ultimately integrated and harmonized.Stephen Covey - Commitment - Decisions - Goals - Life - Self HelpWe are the creative force of our life, and through our own decisions rather than our conditions, if we carefully learn to do certain things, we can accomplish those goals.Stephen Covey - Life - Self Help - Decisions -We are not animals. We are not a product of what has happened to us in our past. We have the power of choice.Stephen Covey - Change - Life - Responsibility - Decisions -Making good decisions is a crucial skill at every level.Peter Drucker - Decisions - Skill -Most discussions of decision making assume that only senior executives make decisions or that only senior executives' decisions matter. This is a dangerous mistake.Peter Drucker - Decisions - Mistakes - ManagementChecking the results of a decision against its expectations shows executives what their strengths are, where they need to improve, and where they lack knowledge or information. Peter Drucker - Leadership - Strength - Management - DecisionsI am brave, but I take a view. It is an educated view. I am careful. I am not reckless.Philip Green - Decisions - IntelligentBecause I'm thinking in a broader way, I feel like I am able to make better decisions.Takafumi Horie - Thinking - DecisionsIf I am wrong and you are right then the democratic process of the Australian community will vindicate you and condemn me.John Howard - Politicians - Decisions - AustraliaFacts do not cease to exist because they are ignored.Aldous Huxley - Decisions - ResponsibilityWhat is it that you like doing? If you don’t like it, get out of it, because you’ll be lousy at it. You don’t have to stay with a job for the rest of your life, because if you don’t like it you’ll never be successful in it. Lee Iacocca - Jobs - Life - Successful - Decisions - PassionsMy job is to listen to ideas, maybe cook up a few of my own, and make decisions based on what's good for the shareholders and for the company.Philip Knight - Jobs - Decisions - Business Ideas - CompaniesOur industry expertise (at KKR) enables the firm not only to make better investment choices but also to win the confidence of senior management and sellers, which has enabled us to purchase many companies on an exclusive basis.Henry Kravis - Companies - Buying - Selling - Experience - Decisions - Investing - Management - ConfidenceI became a vegan and at the same time I realized, gosh, Whole Foods has got to create a higher standard here. I think it will ultimately be a good business decision because I think our customers expect us, want us to pave this path.John Mackey - Customers - Business - Business Ethics - Responsibility - DecisionsYou will either step forward into growth or you will step back into safety.Abraham Maslow - Growth - Decisions - EncouragementSometimes you make the right decision, sometimes you make the decision right.Dr Phil - Decisions - EncouragingToday, whether it is a student who holds a sit-in to get the army recruiters off his campus, or the mother of a dead soldier who refuses to leave the front gate of the president's ranch, we continue to be saved by brave people who risk ridicule and rejection but end up turning huge tides of public opinion in the direction of righteousness. We owe them enormous debts of gratitude. It is not easy to stand up for what is right, especially when everyone else is afraid to leave the comfortable path of conformity.Michael Moore - Influential - Decisions - Encouragement - President - Gratitude - ActionIf you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigorCharlie Munger - Investing - Best - Decisions - OpportunityYou can't build a strong corporation with a lot of committees and a board that has to be consulted every turn. You have to be able to make decisions on your own.Rupert Murdoch - Strength - Decisions -There is no discussion inside this boardroom to say we've got to get into this or that. We look at every growth opportunity on its merits.James Packer - Growth - Decisions - OpportunityCharacter is one factor that will guide all our actions and decisions. We invested in uncompromising integrity that helped us take difficult stands in some of the most difficult business situations.Azim Premji - Truth - Decisions - Actions - ChallengesWe need to make a game out of earning money. There is so much good we can do with money. Without it, we are bound and shackled and our choices become limited.Bob Proctor - Earnings - Money - Good - Decisions - PovertyRussia has made its choice in favor of democracy. Fourteen years ago, independently, without any pressure from outside, it made that decision in the interests of itself and interests of its people.. of its citizens. This is our final choice, and we have no way back. There can be no return to what we used to have before.Vladimir Putin - Society - Russia - Democracy - History - DecisionsI listen to my daughter. I listen to Paula, but I make the decisions. The decision to say goodbye to Cruise was mine.Sumner Redstone - Decisions - AdviceWe all have to decide how we are going to fail.. by not going far enough or by going too far.Sumner Redstone - Decisions - Challenges - Risk - FailureRemember, a real decision is measured by the fact that you've taken new action. If there's no action, you haven't truly decided.Anthony Robbins - Decisions - ActionUsing the power of decision gives you the capacity to get past any excuse to change any and every part of your life in an instant.Anthony Robbins - Decisions - ChangeNobody can give you advice after you've been collecting for a while. If you don't enjoy making your own decisions, you're never going to be much of a collector anyway.Charles Saatchi - Art Collecting - Investing - DecisionsHiring people is an art, not a science, and resumes can't tell you whether someone will fit into a company's culture. When you realize you've made a mistake, you need to cut your losses and move on.Howard Schultz - Employee - Management - Jobs - Decisions - Art - Companies - Culture - MistakesSuccess is not for the timid. It is for those who seek guidance, make decisions, and take decisive action.Jose Silva - Action - Decisions - SuccessFinding your purpose may be a lifelong pursuit or you may have discovered it when you were 5 years old. There’s no absolute timeline for anyone. That’s a good reason never to give up, to keep on discovering things every day.Donald Trump - Decisions - LifeI have made the tough decisions, always with an eye toward the bottom line. Perhaps it's time America was run like a business.Donald Trump - Accounting - Business - DecisionsUnless you choose to do great things with it, it makes no difference how much you are rewarded, or how much power you have.Oprah Winfrey - Decisions - Power - Action -It's much easier for me to make major life, multi-million dollar decisions, than it is to decide on a carpet for my front porch. That's the truth.Oprah Winfrey - Life - Decisions - Money -One of the biggest lessons I've learned recently is that when you don't know what to do, you should do nothing until you figure out what to do because a lot of times you feel like you are pressed against the wall, and you've got to make a decision. You never have to do anything. Don't know what to do? Do nothing.Oprah Winfrey - Decisions - Learning - ActionJust by being private, the culture will change. We won't be forced to make decisions that are 90 days in relevance.Sam Zell - Companies - Culture - Change - DecisionsIn my case, if one out of five opportunities is interesting enough to work on, maybe one in five of those ends up being worth doing. That might be a function of risk. That might be a function of price. There are all the variables. But you have to be constantly sorting and choosing and prioritizing.Sam Zell - Decisions - Opportunity - Interested - Risk - Buying