What if we invest in building a sustainable business that drives unemployment down? Imagine a society where only 1 out of 100 children survives past the age of 15. Such a scenario would spell the end of humanity’s long-term survival. Similarly, the current trend of short-lived businesses threatens economic growth. Startling statistics reveal that only 1% of companies endure beyond 15 years, with a mere 20% reaching the 5-year milestone.

This blog post explores the significance of sustaining businesses, addresses unemployment, and proposes a novel solution: recycling human capital through sustainable entrepreneurship.

The number of businesses that started and existed over some time determines economic growth. If the companies do not exist over a long period, there is no chance of economic prosperity. Why is our society not doing enough to ensure that more than 1% of businesses survive for over 15 Years? Then, what happens to the people who have been working in these businesses? Where do they go? You are right. They become unemployed, and their skills become dormant, a significant loss to the labor market.

My next concern was what we could do to end this menace and promote economic growth and prosperity. Then the thought of …

The success of your business hinges on the prevailing company culture, especially one that is results-driven. Every business inherently possesses a culture, whether by design or happenstance. From my own experience, I’ve come to understand that establishing a results-driven company culture for entrepreneurs necessitates more than mere instruction or discussion; it requires a fundamental shift in the mindset and behaviors of individuals within the organization.

Creating a culture requires systemic organizational changes transforming how people think and behave. In this article, I will share my discovery on developing and cultivating a culture of results to improve performance in your organization.

The work environment greatly influences people. Company culture can make weak people highly productive, and the stronger lose their edge. It is the primary concern and responsibility of every business owner, manager, or executive to create a culture of results inside their company. Every employee makes and maintains this through disciplined adherence to ensure profitability and continuance of the company’s operation.

Getting the right people that can come together with unique business systems to create a culture of results through discipline, enthusiasm, and high productivity is not easy. The magic begins once you find the right team, and performance shoots …

Are you familiar with the constant lament about time being in short supply? A simple observation of daily life reveals an astonishing number of grievances centered around time. From the perennial complaint of insufficient time to the exasperated grumbling about excessive hours leading to sheer boredom – it’s a narrative we’ve all encountered. But what if I told you that as a dynamic business owner, you possess the ability to rewrite this narrative? In this article, we will address these complaints head-on and equip you with invaluable time management tips tailored specifically to your entrepreneurial journey. Let’s delve into the world of mastering time for entrepreneurs and discover how to make each moment count towards your business success.

Why is it that we complain so much about time? In this article, I will be sharing practical observations about time that will help you put all time-related frustrations behind you and never complain about time again.

“Time is what we want most, but what we use worst.” – William Penn

The unfulfilled promise of time management training

If you have been worried about time at a certain point in your life or career, then you have already done a course in …

Just like the goal of growing a fruit tree is to harvest the fruits, the purpose of starting a business is to make profits and create a positive impact. A business needs to navigate through challenges and grow to its full potential to maximize profits. The growth phase is not a walk in the park. It plays a significant role in the business’s existence and often negatively affects the entrepreneur’s personal life. This phase contains many challenges that are referred to as navigating business growing pains.

The term “growing pains” refers to temporary difficulties and problems a growing company experiences during a particular stage in its development. This expression derives from the pains in the legs a growing child feels have no demonstrable relation to growth.

In business literature, the term growing pains has always been perceived to have a negative and dramatic connotation. I have also perceived it with the same attitude for a long time, but after working with entrepreneurs for over 20 years, I changed my viewpoint on growing pains. In this article, I will share my perspective on the importance of growing pains to an entrepreneur, how to successfully sail through them, and how to …

Is embracing the Great Resignation possible for business leaders? Lately, my focus has been on the remarkable phenomenon known as the Great Resignation, where many employees within the Western labor market voluntarily embrace change by resigning from their current positions or transitioning to new roles. Coined in 2021 by Anthony Klotz, an Associate Professor of Management in the Organizations and Innovation Group at UCL School of Management, this term encapsulates our transformative shift.

HR professionals highlighted the common reasons people were leaving their jobs: wage stagnation, looking for greener pastures or a toxic work environment leading to burnout, etc.

My thoughts on this new trend gave me a unique perspective I want to share with you in this article.

The underlying hidden reason

When I looked closely at the reasons for this critical movement of people towards other jobs and career alternatives, I realized that they all lead to a common denominator: an imbalance between what people invested in their jobs and what they get out of it. The input is far more significant than the return. The returns we are considering here are not only the financial compensation but things like fulfillment which varies for different individuals. Stated differently, …