Posts Tagged ‘tom peters’

If it ain’t broken, break it!

by Himanshu Jhamb on January 4, 2010

What Matters NowThis post is inspired by Tom Peters. In fact I have taken the topic of this post from Tom’s write-up on “Excellence” straight from the free e-book “What Matters Now” that Seth Godin recently released on his blog and a number of other sites (including Active Garage).

I fell in love with this quote as soon as I saw it and was deeply moved by all that it could mean. Here are a few that got triggered in my thinking:

  1. It challenges mediocrity at all levels… because mediocrity deals with accepting what is, as-is. Being in status-quo. Adjusting. Compromising. Coping.  Mediocrity does not produce stellar results. It always produces the same, common result and thus gets priced in the marketplace. That’d explain the gap between the movers and shakers, and the common people.
  2. Call for Action: It is a beautifully constructed statement that clearly Calls for Action. Nothing happens without action… Nothing that you intended, actually.
  3. It is Purposeful: It is Purposeful, in that, it is a step that needs to be taken in order to do something new.
  4. It is a Precursor to Creating: Without creating a space where something new can be brought about, no creation is possible. In other words, until the old takes up the space, the new cannot get in!
  5. It is Risky! – Yes, it is… because it will take us to the unknown. But, the unknown is not always undesirable. Just ask Christopher Columbus OR Albert Einstein OR Yourself (when you last stepped into the unknown)

I invite you to reflect on this for a while with work, your entrepreneurial venture, and your life and contribute to this incomplete list of what all this could mean… perhaps this could even make it into your New Year’s resolution list!

Happy New Year!

Plan C for your business

by Vijay Peduru on October 27, 2009

Big C Armband - yellowA new entrepreneur almost always gets an idea and thinks it is the coolest and the greatest idea. He safeguards it and when someone asks him he would say we are in “stealth” mode.  He dreams of how he would be on the covers of Fortune, Fast Company and Inc when his idea clicks and takes off.  The truth is no one really knows whether the idea will click or not.   About 50%of venture backed firms fail.

So, how does an entrepreneur increase his chances of Success.  He needs to Accept Change as normal and Be willing to Evolve. Nobody can escape change… the way I see it – Either you will confront change OR change will confront you. You choose. The best way is to accept that change happens and take advantage of it rather than be bogged down by it. Humans and a lot of other species on this planet survived and thrived by evolving themselves as the surroundings changed. Similarly, the best companies can survive, if they can adapt with the surroundings and evolve.

We would not have heard about Google, Hotmail or Paypal  if they stuck to their initial Plan (Plan A).  The founders quickly evolved their companies. They tried a business model and if that didn’t work, they changed it immediately and tried another. For Paypal, Plan A to Plan F didn’t work. Plan G as we know today worked marvelously and the rest is history. Google grew and could introduce so many products because it encourages a culture of experimentation and Failure. All these and other successful companies evolved by looking for opportunities caused by change in the marketplace and encouraging change and experimentation within their business.

This can happen only if the team is willing to make mistakes, Learn from it and move on. Our school system has trained us not to make mistakes and view mistakes are failures. This view might prove useful for someone working in a large corporation which has lots of restrictions to change, but for an Entrepreneur, mistakes need to be learned from, quickly, and then move on from.

In the old days, when a missile is fired, it had a fixed destination.. “Ready, Aim , Fire” .  Nowadays, thanks to modern technology, a missile , can be fired and then it’s course can be corrected midway. Tom Peters has a saying that goes – “Ready, Fire! Aim”. It is the same with a business. When we start the business , the business model is different and if it does not work, we correct course as we move.

Get ready to “Ready, Fire! Aim”…