Blog

1 Lack of Vision
Some enterprises operate without a vision.

Lack of vision may reflect a nose-to-the-grindstone approach to business. The
involvement in the here and now is so intense, so all-consuming, that larger possibilities
are given little thought. The company figuratively keeps putting one step in front of
another, without consideration of what might be possible or desirable. Without a vision,
what might be accomplished with a vision is unlikely to be accomplished.

Lack of a vision is mistake.

Values

1- Values Lacking in Commitment
Some companies develop a statement of values because the management textbooks say that companies should have a values statement.

But a values statement that is prepared for appearance rather than substance is not especially valuable. Values that reflect articulation of a commitment to higher purposes are much more impactful than those that reflect a going-through-the-motions approach. Empty values are not nearly as valuable as values that are anchored in commitments.

A values statement for appearance’s sake rather than to reflect commitments is a mistake.

1 Strategic Incongruency

Strategy, to be effective, must be congruent.

If balance and consistency between different parts of the business strategy are lacking, the resulting incongruence compromises the prospects of business success. Strategy congruency means that there is a reasonable connection between one part of a strategy and another part of a strategy. The purposes of one part of the enterprise are complementary to those of another part of the enterprise. The goals of one division are supportive of, and in parallel with, the goals of another division. 

1 No Plan

A surprising number of companies operate with no plan.

If you operate with no plan, you are proceeding in reliance on spontaneous, reactive, and even impromptu action—rather than on the basis of deliberate, considered approaches to the business. If what is to be done is not much thought about in advance, the opportunity for reflection, consideration and choosing the best way is quite limited. Without a plan, the benefits of plans—focus on priorities, assignment of responsibilities, accountability for results—cannot be realized. Enterprises with plans achieve greater and more frequent success than those that lack them. For as it has insightfully been said, failing to plan is planning to fail.

Not having a plan is a mistake.

In Lewis Carroll’s classic book, Through the Looking Glass, the Red Queen prophetically informs Alice, “You must run as fast as you can just to stay in the same place. If you want to get ahead, you must run at least twice as fast.” Today, however, even running as fast as you can will not necessarily allow you to stay in the same place. To cope with and prevail in the challenges of life today, you need an effective strategy. You need either to do what you did before—very, very well—or to do something differently.

I know what you are thinking right now…

“Why on Earth would you write an article about how to screw up my business, Parthiv?”

Because, frankly because you are likely guilty of this most despicable of business sins. 

If doing business was a religion, and I was the “Pope,” I would have any business owner who had been doing business for more than 2 or 3 years - who make this unforgivable mistake - declared apostate and force them from the hallowed halls of the faith.  

If you’re brand new, then I can forgive you…

Jeff Bezos is a piker…

An absolute pauper compared to the richest single man in the history of the world. 

This man built an unbelievable…

Almost unfathomable fortune during a time when there was no Internet, no email, no wide use of the telephone, no fax machines, no FedEx or UPS, and basically none of the advantages we have in business today. 

And still this man built an inflation adjusted fortune of $340,000,000,000.00 ($340 billion)!

I’m a data scientist.  Now before you roll your eyes and stop reading, stick with me because this is critical to the continued success of your business. 

Whether you decide to work with me or not, you MUST understand something if you want to continue to grow and prosper…

Are you a physician, dentist, info-marketer or financial advisor? Do you have a business plan?

Most who reach out to me for business planning help don't have any type of plan in place.

The tool we use at eLaunchers is called LivePlan. I'll share how you can use this valuable business planning tool in your business.

Physicians, dentists, info-marketers and financial advisors need good business planning and access to real-time financial information.

Most people don't like Mondays. This past Monday I can say I absolutely loved. 

Do you know the legend Dan Kennedy? He was my mentor, my coach, my friend. Unfortunately he became very ill and was in hospice. There was an outpouring of love and prayers and I truly believe that has true healing powers.