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…

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.…

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…

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…

As John made his way to the driveway into the garage, he glanced at his watch and noticed it was past 11 pm. He parked the car and sat there thinking about the day's events. John felt dissatisfaction take over as he remembered he had promised to have dinner with his family that evening but failed again. He had not seen his son for the past three days. The frustration was even much higher when he thought about his parents who are in a period of their life where it was his duty to take care of and be there…