Blog
Words. Wisdom. Winners.
The power of the right incentive!
“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”
– Warren Buffet
The pessimists might ask – who will pass such a law! Yes, einstein! Smart of you
Look beyond the law. The message is the power!
Look – this is what I have done!
I have learnt this the hard way – people who need to tell you about how good the work they are doing is, are most likely not doing a good job!
Most likely.
What’s your team?
A leader is all about Top People and Top Sales.
It’s unfortunate that most ‘leaders’ forget that Top Sales is infact a byproduct. It’s almost automatic. Magic!
Build your team. NOW. And only you can build it. Not the HR. Not someone else. You!
IPL is about India?
I love rediff comments. I especially love what it does to every Indian.
Article on Chennai winning IPL…
…comment from reader!
Its amazing that an Indian has lifted the IPL trophy. Every team should have an Indian captain so that whenever someone wins, an Indian lifts the trophy!
Such joy! This is precisely what makes me forget my sleep at 1.30 in the morning.
Back to work! Rediff rocks!
Is anyone looking?
Seth Godin is truly a genius. To come up with what he does, on a daily basis, requires enlightenment!
And here is another gem from him
Perhaps you can burn 500 calories on the treadmill before you give up for the day. With a personal coach, though, you could do 700. The trainer gets you to exert more effort.
You wake up on a Monday morning after a long hard weekend of misbehaving. You have a splitting headache. You can easily call in sick, no one will freak out. But then you remember that there’s a $500 bonus at stake if you keep your attendance perfect. You make the effort because someone else is bribing you.
There’s an entire system organized around the idea that we’re too weak to deliver effort without external rewards and punishment. If you only grow on demand, you’re selling yourself short. If you’re only as good as your current boss/trainer/sergeant, you’ve given over the most important thing you have to someone else.
The thing I care the most about: what do you do when no one is looking, what do you make when it’s not an immediate part of your job… how many push ups do you do, just because you can?
——-
When you are an entrepreneur, the above acquires higher meaning. Very soon you realize that it cannot be the term sheet valuation, or the CEO title, or the media coverage, or the swanky office space that drives you. The drive has to be you yourself.
The question is – can you live with a sub-optimal structure knowing that it is a sub-optimal structure. Can you really get up everyday and do those push-ups, because you ought to!
Internet Entrepreneurs Are Like Professional Athletes, They Peak Around 25
I hope this isnt true for Indian entrepreneurs!
Internet Entrepreneurs Are Like Professional Athletes, They Peak Around 25
What comes first? Product or Sales?
I have made a lot of mistakes in life. One in particular that I remember was during the early days of StudyNation. The product had not had a good start (we had launched as StudyTimes.com). Our SEO strategy hadn’t worked as well as we thought. We had to shut down the site and relaunch as StudyNation.com
The relaunch was immensely successful. Within 3 months we were very close to displacing the top sites. The traction on the traffic was fantastic.
As the one closely working on the project, I decided to do something that I shouldn’t have, in hindsight! Selling!
Sales is core to any business. And everyone in the world has to think of sales sooner than you would like, unless ofcourse if your last name ends in -kerberg! And thats what I did as well. Problem was, there wasnt anything core to sell. The product wasnt ready for sales! The traffic wasnt high enough to sell advertising and the lead generation side of the business needed me to work on the product before I stepped out into the market.
It was a discussion with Vivek that made me realize my flaw. It was evident the minute we sat down to chat about it. I had made the fundamental mistake of running after sales even before the product was ready!
That said, Seth Godin argues that the attitude should be to ship fast. Had the iPhone waited to do a ‘complete’ job of itself (heck, it didnt even have SMS forward. It still doesnt have an SMS way of sharing contacts!), it possibly would never have been the iPhone we know of! But then, that was the iPhone. It was a revolution as it is. The same logic, I reckon, doesnt work when you shipping out something that as already been shipped before, especially by someone else!
The idea is to ALWAYS place the product first. Make sure the sales you wish to achieve, is supported by the product you have built. No point building an ecommerce product that doesnt make buying simple. Or a lead generation product that doesnt make searching on the site simple. Thats core. Thats fundamental.
Product is your sales!
ISB is Top 20 Global MBA School – 4th year in a row
Now thats an achievement. And honestly, I am quite disturbed at reactions of ISBians who feel ‘saddened’ by IIMA being there at 11. It shows lack of maturity and vision. IIMA is a great school and has possibly single-handedly done a lot for this country. So lets not take it away from them. The ISB is NOT the IIM! It will never be and thats thebest we should all be proud of!
I am completely on Cloud Nine with ISB’s performance – Top 20 MBA School globally for 4 years in a row, when the school is celebrating its 10th year, is remarkable. Proud to be part of the family!
Bing copies from Google – Brilliant!
Anyone who tracks the Internet space (which doesnt meant FB, btw) would have read Danny Sullivan’s article on how Bing is Cheating and Copying search results from Google.
This is brilliant! Not so much for the fact that Bing does this, but for the fact that this is possibly the first time that Google has ‘accepted’ in as many words that it can actually tweak search results to show what they want!
Let me repeat that
Google decides its mobile, and mobile it is!
Paid clicks increased by 18% over corresponding quarter, but CPC increased only 4%. Which could be interpreted several ways!
Eric Schmidt steps down as CEO and Larry takes over! Sergey, the nerd, still remains beind the scenes. All of which could be interpreted several ways!
Focus for the next 10 years will be mobile! No 2 ways about that!
Mobile is surely going to be the next big thing! I see it around me already. And I am sure FaceBook already knows it, by analyzing their traffic source split and the growth that mobile is experiencing. And hey, someone already knew it somehow before anyone else did, and they are kicking ass now!!
The world is going to be exciting 10 years from now! Whats going to be even more exciting is who amongst the giants will take the lead, or will we all see a new giant!
Subscribe to warikoo wanderings