Preference to Veterans

On Memorial Day yesterday, we honored all veterans who have sacrificed themselves for giving freedom and liberty to our country and other nations in the world. What could Entrepreneurs do to honor current veterans?

When you hire employees, do you consider veterans? Serving in our armed forces instills discipline, adherence to established processes, teamwork, courage, overcoming adversity and other fine attributes that Entrepreneurs should be seeking from qualified prospects.

Veterans bring with them an intrinsic understanding of how loyalty adds to team proficiency and builds trust in a work environment. For Entrepreneurs looking to make a long-term investment in an employee, veterans often outperform other candidates as proven team players.

Through service, training, and lifestyle, veterans typically have the work ethic that any Entrepreneur would be thrilled to replicate in all of the organization’s employees.

Entrepreneurs should, all things being equal, give preference to veterans who have served our country. You will not be disappointed.

Do the Right Things!

Ravi Patel

www.patelCFOservices.com

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Published in: on May 30, 2017 at 4:00 am  Leave a Comment  
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Balancing Past, Present and Future

Sometimes Entrepreneurs blend the past, present and future as they attempt to stay afloat and on course.

For some, the past has a painful memory of struggles, mistakes and even failures. Entrepreneurs must selectively forget the past and only retain useful lessons to prevent similar errors. Dwelling in the past is counterproductive and drains energy away from current pursuits.

Worrying too much about the future is not good either. One needs to have a plan for the future, but constantly evaluating all current actions against what might happen in the future is not helpful.

Managing the present, by using lessons of the past, will create the future.

Entrepreneurs need to devote most of their energy to manage the present. Create the foundation, processes and effective teams to deliver current performance. Unless you can have a strong present, you might not even make it to the future.

Do the Right Things!

Ravi Patel

www.patelCFOservices.com

 

Published in: on May 23, 2017 at 4:02 am  Leave a Comment  
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Stand Still Once in a While

“Be not afraid of growing slowly, be afraid only of standing still.” – Chinese Proverb

Entrepreneurs do not have a problem of standing still. Rather, they are always on the move and wanting to grow – albeit too fast!

While the proverb emphasizes the point that one needs to keep on growing rather than standing still, Entrepreneurs sometimes need to stand still. Why and when is that appropriate?

Similar to a traveller stopping once in a while to get his/her bearings and ensuring they are headed in the right direction, Entrepreneurs need to do the same for their business. Instead of charging ahead with full steam all the time, stop, step back, and evaluate whether you are on the right path towards your Mission. Do you have the necessary infrastructure and leadership team to continue down the correct path (like a traveller assessing whether he/she has adequate supplies and fuel).

Make adjustments as necessary and then continue your efforts to grow. Standing still once in a while is good for you!

Ravi Patel

www.patelCFOservices.com

Published in: on May 16, 2017 at 4:01 am  Leave a Comment  
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Be Cool

Entrepreneurs often face stressful and chaotic situations. Do you keep your cool demeanor in these circumstances?

Have you watched firefighters, policemen or even bomb diffusers operate in high-stress situations? Their ability to act calmly reassures everyone around them not to panic.

Similarly, leaders who stay calm and keep their cool under chaotic business situations inspire confidence in their employees. Instead of panicking, they all tend to follow their leader and behave productively to resolve the issues. If the leaders lose their cool, who can blame the employees for doing so too?

Great leadership inspires people to do phenomenal things. Calm and cool leadership in volatile situations prevents their followers from panicking or performing irrational acts or even worse inciting riots.

Be a cool Entrepreneur!

Ravi Patel

http://www.patelCFOservices.com

Published in: on May 9, 2017 at 3:56 am  Leave a Comment  
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Speak With Your Actions

Actions speak louder than words! While it might be a cliché, it is no where more true than for Entrepreneurs as they build their companies.

Generally when the company is just starting, Entrepreneurs show great leadership when they roll up their sleeves and are willing to put in the effort that they demand of their employees. As companies grow Entrepreneurs sometimes say one thing and do something else.

Entrepreneurs need to ask themselves certain type of questions as they become successful:

  • Am I still putting the effort that I am asking of my employees?
  • Do I watch what I spend while I announce cost reduction programs?
  • What am I am doing to improve the company when I am preaching on continuous improvement in my organization?
  • Am I cutting corners while I demand quality from my employees?
  • Do I exhibit what it takes to provide superior customer service when demanding the same from employees?

Answers to these types of questions will determine if your actions match your words. If not, you should make sure they do!

Ravi Patel

www.patelCFOservices.com

Published in: on May 2, 2017 at 4:27 am  Leave a Comment  
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