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SCIENTIFICALLY PROVEN WAYS TO ACHIEVE BETTER SUCCESS “WEALTH CREATION IS A NATIONAL SERVICE.” WEALTH CREATORS SHOULD BE HONOURED, NOT PILLORIED

 
 
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SCIENTIFICALLY PROVEN WAYS TO ACHIEVE BETTER SUCCESS “WEALTH CREATION IS A NATIONAL SERVICE.” WEALTH CREATORS SHOULD BE HONOURED, NOT PILLORIED
by System Administrator - Sunday, 2 August 2020, 9:28 PM
 

By : M.S.Yatnatti Editor and Video Journalist Bengaluru : In his Independence Day speech, Prime Minister Narendar Modi said, "Wealth creation is a national service.” Reportedly he declared, rightly, that wealth creators should be honoured, not pilloried .How does he reconcile this with his absurd new law making it a criminal offence, punishable with three years in jail, for big companies which fail to spend 2% of their profits on what the government defines as corporate social responsibility? Such spending was earlier voluntary. Making shortfalls a criminal offence will shift the emphasis from good outcomes to mere spending, with perverse results .Experts says if shortfalls in spending are made criminal offences for everybody, more thanhalf of our ministers and officials will be jailed for not meeting budgeted spending targets approved by Parliament and legislatures .Reportedly success is a subjective notion, if there ever was one. Increase your confidence by taking action. Broaden your definition of authenticity. Improve your social skills. Train yourself to delay gratification. Demonstrate passion and perseverance for long-term goals. Embrace a "growth mindset." Invest in your relationships. These are the scientific seven ways to achieve better success in your life and venture and entrepreneurship. Check out the findings from several studies, which shine a light on what it takes to achieve more in life as cited.Be your own boss .Create a startup and be your own boss .Let it be small or big be your own boss .A small seed can become big tree .You have to have passion commitment and good idea good networking skills .A start up need to have a well documented business plan investment strategy and including exit options to angel investors in the start itself as later problem should not crop up with founders. You should have good product and it should be in need and it should have better feature than other products. what is not working discontinue it .Scale it as demand grows .Do not ignore Marketing .Growth capital is very important but do not over raise the finance and hire good talent as an when it is required .Do not over pay as it will be very difficult to manage the start up.Time is everything .Be different find right investors and venture capitalists and not vulture capitalists. Raise money intelligently find the right people be sure and flexible .Do not ignore open source technology. Well documented code of conduct is very important for every employee. and directors of the startup.Well defined Information technology is one of the biggest mass employers. Be different startup .Find unsolved problems of customers and solve it, everybody has problems. Many have many problems .Few problems are universal. Few problems are local few are national and few are international .Find unsolved problems. Companies succeed because they solve and understand the unsolved problem and come up with solutions that are very different from what others do. Put yourself in the customer's position; perhaps you would have experienced a pain point yourself. You may not fully understand the difficulty unless you experience it yourself .Develop deep customer insights. Secret of your success is in Passion, determination, vision, agility, team play, fund-raising skills. What exactly defines the DNA of a booming startup? What do some of the biggest names in the investment community look for in startups and entrepreneurs Clarity of vision Domain expertise? What key factors do successful entrepreneurs attribute to their triumph? Need to be understood diligently.