Few Pointers to lead peaceful life:
Dealing with Business Engagements involved with 1 or more people:
In dealing with business interactions it is extremely essential to have in writing clearly points of engagement and expectations. Moreover, to avoid any misinterpretations to go over each point carefully and discuss to avoid heartaches at later stage of the business cycle.Equally important is to better understand the personality and characteristics of individuals involved. People come in different backgrounds, cultures, values and disciplines. If their core personality clashes with yours, you are there for a rough ride.
In partnerships and alliances, it is best to understand each partner’s expectations and deliverables and time frame. It Is best to clearly state the exit – if things don’t work out, who gets what in terms of shares or rights to buy the shares of the exit party.
Below is one example of recent MoU I drafted:
MoU between XXXXX and XXXXXX in formulating XXXXXXXXXXX.
What an epidemic – we are physically with each other, but seems we all are so alone. Our brains are most of the time in passive mode. Urge to get on to the smart phone and check the whatsup messages are so intense. My 10-year-old nephew is glued to his ipad that every time I engage with him in a conversation, I feel the urgency in him to get back to his ipad as if he does not, the world will come to end.
My family tells me that I too are suffering from this epidemic – yes, I do – I feel it. My brain is tired, always clogged with irrelevant information. “Embarking on research expedition to come out of this epidemic “Keen to learn and put to practice the way out……soon before I become a “dead vegie”.
Professional sales man needs to have the same mind set and approach as a professional doctor. They need to ask the symptoms and issues and wear a fact finding hat. Asking the right questions is the way to successfully understand the pain and concerns of the prospect/client.
Rockefeller’s 6 Timeless Ways to Wealth
He once said that it is wrong to assume the rich are happy.
Oil magnate John D Rockefeller was the richest of the rich. He was also the first great philanthropist, giving away half a billion dollars to various causes in the fields of medicine, education and science.
Rockefeller did not start out being rich. In fact, his family was poor. His philosophy on acquiring wealth, captured in these 6 quotes, has special relevance today – because it reveals that we can make it on our own – without a degree, without financial help and without superior intellect.
In your career or business, the focus must be on adding value for others. Service is the key. It is by making a difference in the lives of others that we advance ourselves. Far too many people make money the main objective. Rockefeller saw money as the by-product of a vision, not the reason for being.
Common things done exceptionally well creates wealth. You don’t need to invent the next iPhone or create a new product. You need only to be an expert at the basics. During my career in broadcasting, the people who could write well and speak well quickly rose to the top. They did exactly what I did, just a lot better. Be an expert at common things.
In business, I struggle with this every day. Should we be just “good enough” or should we take a different path, spending the time and effort to be “great.” I have learned that striving for excellence so we can be proud of what we do and add even more value to customers – has never been a waste of time. Raising the bar will enhance your reputation, and it is that reputation which ultimately leads to greater prosperity.
under the sun.
Rockefeller knew that people skills trumped almost everything else. Today, when technology dominates – a human touch is a powerful differentiator. Be known for your people skills. Focus on that as your brand. The so called “soft skills” are mentioned in almost every job ad. While this may be referenced at the bottom of the ad, people skills are a top priority at all organizations. Practice listening well and showing empathy.
A century before Bill Gates became known for giving away his fortune, Rockefeller was setting up charitable foundations to “invest” in a better world. The big turning point was a meeting with Swami Vivekananda, a monk and yogi from India, who told Rockefeller that his money did not belong to him. The swami reminded Rockefeller that he had taken money from others and it was his obligation to give it back to others.
Rockefeller was against giving back as a way to make ourselves look better. Instead, he agreed with the swami and saw philanthropy as an investment in a stronger society.
Giving is a key to wealth creation. It’s not just the sharing of success – but the giving of our time, our expertise and our support of others. Above all, giving our best at all times will produce amazing results.
The best way to advance is to compete with yourself. Engaging in direct competition with others is the tough road to follow and often leads to wealth deterioration for all sides. In your career and business, focus instead on being different. Carve out your niche and be known for a specialty.
When we run after money, it runs away from us. When we serve others, it is attracted to us.
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A Controversial Figure
John D. Rockefeller borrowed money and used profits to buy out competitors in the oil industry. By 1872, he had bought out 22 of 26 competitors. Eventually, Rockefeller’s company, Standard Oil, had almost 100 per cent control over the oil refining industry in the United States. Through it all, he was accused of secret deals, espionage, price wars and heavy-handed marketing tactics. But Rockefeller had a good side. At the young age of 16, he gave away 6 per cent of his meager salary as a clerk to charity. It was the start of a life-long practice of giving back.
© 2015 Cory Robert Galbraith, All Rights Reserved.
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