Archive for the ‘Entrepreneurship’ Category

How do you ‘read’ failure?

October 31, 2008

I was recently reading a book called Beyond Positive Thinking written by Dr Arnold Fox, M.D. & Dr. Barry Fox, Ph. D. It is a phenomenal book. I highly recommend you own a copy of it. But, while reading this book, I came across a portion which shows how to read a failure. I mean, I knew that all success is based on failure. But, to understand failure and learn from it, you need to be able to read it to get the best out of it. What I am about to share with you is straight from the book Beyond Positive Thinking.

How do you read failure?

  1. You’re giving up too soon.
  2. You have the wrong approach
  3. You’re doing the wrong thing
  4. You have talents that have not yet been developed
  5. You need a rest
  6. You should examine your motives
  7. You should remember that you’re only human

Think about the ventures or activites where you think you might have failed. What did you do? Did you eventually get success? If so, did you do any of the above mentioned things in order to get success? If not, could the end result have changed If you had read that failure in one of above ways?

Why not give it a try? If there is something that recently happened in your life that makes you feel like a failure, re-assess the situation using the above bulletted points. Maybe you can turn it into success.

Hope this helped. Looking forward to reading your comments.

Respectfully,
Mayur

Failure is not an option, it is a requirement!

October 30, 2008

What?
Are you stupid?
You out of your god-given mind?
That’s right. Failure is not an option. Winning is. But, why do you say it’s a requirement?

These are some of the reactions I got when I said this statement to some of the people you know. Maybe you had a similar reaction. But, failure truly is a requirement. If you want to be a success in life, you should be willing to fail. The opposite of success is not failure, it’s quitting.

All along school, we are punished for making mistakes. It is taught to us that failure is bad. We should always succeed. But, most people forget that the best way to learn something is by failing at it. For example, learning to walk – a kid falls numerous amounts of time before he falls down. A boy will fall many times off his bicycle before he learns how to ride it. All success is based on failure.

Thomas Alva Edison failed over a 1000 times before he perfected the incandescant light bulb. If he had quitted after a first few tries, we might not have a light bulb today. A person only fails when he or she decides to quit. But, as long as one is persistently working towards their goal, they are not failures. They just haven’t found success yet.

So go ahead and fail. Learn from every failure. Apply the lesson to get one step close to your success. After enough failure, you will get so close to success, that you will be able to smell it. Then fail one more time, learn one more lesson and there is it. Success is all yours. I did it. You can too.

Hope this helped. Looking forward to reading your comments.

Respectfully,
Mayur

Why should you own a business?

October 28, 2008

Ever since we are kids, the majority of the people we know will tell us the same thing in terms of being successful.

  1. Go to school
  2. Get good grades
  3. Get a good job
  4. You will be all set in life.

I agree with the first three. But, have a problem with the fourth one. Here’s why. I have never seen a person who has worked all his life for someone else own a plane, or drive a Ferrari or give several million in charity. Have you? I bet you haven’t either. But, you know what? Bill Gates, Michael Dell, Warren Buffet, Rich DeVos, Dhirubhai Ambani, and many others have done all three. Do you know what is common in all these people? They are all business owners.

You see, employees are living paycheck to paycheck. They control neither their time nor money. Indirectly, the boss controls their lifestyle. But, when you become a business owner, you control everything. More importantly, you control the economic future of this great country we live in called United States of America.

It is the business owners who create jobs for the unemployed, not employees or broke union leaders. It is the business owners who work for as long as it takes to achieve success, not employees. Most employees wait until 5:00 PM, so they can hurry back home, sit their broke self on a couch and watch their idiot box.

I don’t want to beat this concept, but understand this – to achieve success in your life and make a major difference in other’s lives, we need to become business owners. Plus, you get the tax advantage. The tax laws are designed to benefit the business owners and penalize the employees. It just makes sense to become a business owner.

I know you can do it. You can become free from the slavery of a job. Do you have an idea that you have been toying with, for a while now? Do you passionately believe that it will generate good money for you? Well, what are you waiting for? Start acting on it, and become a business owner.

Respectfully,
Mayur