Showing posts with label passion. Show all posts
Showing posts with label passion. Show all posts

Sunday, June 30, 2024

Your own employees can become your obstacles, and sometimes your competitors

Every generation needs a revolution - an entrepreneurial revolution

In the Forces Field Analysis, to reach your goals/objectives  you have two forces:    driving and restricting forces.  You advance either by increasing the driving force, and/or reducing the resisting force.  Meaning you can do one or the other or both simultaneously.

Your main resource the human resource, if properly screened and trained can make the achievement of the goal a breeze if they are passionate, have integrity, and have the capacity.  Or they can make it hard:   if they never execute, lack or have 0 passion.   Or worse become a detractor.

And much more to be competitor -  pirate your own people and put up a similar business similar to you within your immediate  vicinity despite a non compete clause in the employment contract.   Contracts are meant to be broken.  Its painful but its reality of human nature and life.

These are lessons: 
     1.  To know what your people are doing;
     2.   To be selfish at times   If they know everything, they can put up own company and compete.
     3.   Have a security system.  Business plans, marketing plans, technical specs drawing need to be 
           secure.
    4.   Compartmentalized communications, avoid general meetings.

Its just good to have Divine Justice, and sometimes they do not know 100%.  The one who competed vs me:

    1.  Could not sustain the P30K monthly salary for people whom they pirated;
    2.  The new investors they joined were sobs and forced them out.
    3.  Their businesses did not do well;
    4.  We now have war chest;  financing company and saved PHP.  they dont.  

But these things happen to everyone.  Be ready.   

Tuesday, April 1, 2014

Critcal traits of a leader

From Entrepreneur

What is leadership?  Many of us mix up leadership and management or even mistake this for charisma as if magic.

But leadership goes beyond that.  Sometimes it means forcefulness, or sustained forcefulness.  I involves courage and audacity to stand up for what is right and correct.