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Why you should treat failure as a learning

The professor of psychology, Carol Dweck, pioneered the research on mindset.

The Stanford Psychology Professor Carol Dweck has done pioneering work on ‘mindset’. She discovered that our mindset determines our mental attitude about how we respond to situations. She classifies the mindset into two types:

1) Fixed mindset people who assume that everything in the world is already fixed: intelligence, qualities, capabilities, traits, and everything runs and obeys the worldly order.

2) Growth mindset: people who believe intelligence is a quality that changes, grows, and develops, like a ropeway created on the pond’s wall by the constant rope running while drawing water from the well.

Most entrepreneurs possess a growth mindset; if not, he’s not an entrepreneur.

I recently read a report that 40% of startups failed last year. It’s projected as a big news. Globally, 90% of startups fail. If 40% is true, then we are the world’s best entrepreneurs or are still hiding our failures under the carpet.

Everyone who’s achieved incredible success has told me that success is going from failure to another failure until you achieve success.

People with a growth mindset regard failure as a learning experience; I attempted something very challenging, gave my best shot, and learned a great deal.

The only caution here is that despite failure if you continue to do the same things repeatedly, you are a fool.

I find Thomas Edison’s answer quite impressive. He tried 10,000 experiments to invent the filament of the light bulb, and each failure brought him closer to the final result.

Carol Dweck’s recipe for developing a growth mindset:
1. Learn. Learn. Learn.
2. Realize hard work is the key
3. Face setbacks.
hashtaggrowthmindset hashtaglifelonglearning

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Lack of strength to decide cost more, compared to do things

“What you want to do tomorrow, you must do it today. What you want to do today, you must do it now. Your time may turn unfavorable anytime, don’t wait for the opportune time.” ~~ Kabir

The above couplet by Kabir is used by all and sundry to depict the importance of time. It’s an apt reminder to all of us that time and tide wait for none. However, the challenge we are facing is to decide on what to do.

Increasingly, we are getting overloaded by conflicting thoughts, ideas, opinions, and options. Driven by the accessibility of choices of similar products, similar price, and similar quality, our struggle with decision-making is becoming challenging and draining your energies.

You delay for taking decisions on whether taking the decision will constrain you to take up another one as they may be better for you.

The law of attraction says that if you take any decision driven by your aspirations, all of the forces of the universe work around that decision.

There is no right or wrong, but a series of opportunities that arises with each passing steps, and the actions that you experience. It’s like a frame of a movie that inspires next step.

Don’t delay your decisions in anticipation of waiting for a better option, because you what is in front of you today can become better by you making the decisions to do it. What is there in front of you is your calling and what is not there may not come up.

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Finding the focus in the distracted world

“For him who has conquered the mind, the mind is the best of friends, but for one who has failed to do so, his mind will remain the greatest enemy.” Bhagavad Gita 6.6

Passion is an important quality that helps us dream with open eyes, wake up every morning, and get out to go and do things to realise our dreams, visions, and goals. But, when surrounded by so many distractions, pursuing the passion with the focus is difficult. On many occasions, caught between these distractions, you can’t go with the flow to get important things done. Your days, weeks, and months pass, living in an uncertain terrain, feeling victimised.

My journey has involved embracing a morning walk, meditation, reflection techniques, and reading books to strengthen my conviction and draw inspiration. These help me maintain my focus.

I have learned that you must discover your strengths and focus on developing them rather than pondering your weaknesses. For example, if I am good at creating products/services, I should strengthen my thinking, innovation, and brainstorming skills. 

The other thing that helps me keep moving is actively seeking opportunities to explore my aptitude in different/adjacent fields that complement my strengths. It’s like a side project that offers an opportunity to strengthen your core.

Another key realisation has been the importance of not spreading myself too thin. Instead of trying to excel in every area, I’ve learned to rely on others who can complement my strengths. We all have unique abilities, and by focusing on our strengths, we can surpass the capabilities of generalists.

With these, the only things left for me to focus on are managing my thoughts, applying my strengths with full focus to get things done, and pursuing stability that will lead to the path and outcome that I desire.

God Krishna meant to say to Arjuna that this is about the mind and achieving results with focus.

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Whether to do business with friends or not

“Pyar dosti hai, agar wo meri sabse achi dost nahi ban sakti to main usse kabhi pyar kar hi nahi sakta” Shahrukh Khan in movie Kuch Kuch Hota Hai.

The dialogue says a lot about the formation of love beginning with a good friendship. Then why do we have so much reluctance to firm up a business relationship with friends, citing, “Let there not be any business between friends; it spoils the relationship.” My mother also constantly reminded me that “put money factor in any relationship, and it will become the sole cause of spoilers.”

Alongside my entrepreneurial journey, I have formed businesses with friends and experienced both good and bad tastes in them. But it has never happened that we have entered into any quarrel or litigation. When things didn’t work out, we reconciled the account and decided to part ways mutually. The friendship still exists.

I know many people who are successful in their life journey better with their friends than doing it alone. So many chartered accountancy firm partners have succeeded in doing business together. When asked about their relationship, my CA friend said, “Ishwar, we have always worked as a family. We never checked the bank withdrawals; we have brought life essentials together, we have gone for holidays together, and we handle everyday family/work responsibilities based on our strengths.”

It’s hard to handle personal, family and work priorities alone unless you find a pill that eliminates our need to sleep, relax, and rejoice in life.  

In my view, the first step is to consider partnership only with friends who share matching values regarding money, social impact, lifestyle, and commitment.

Second, it is crucial to establish clarity on the rules, roles, and responsibilities from the beginning.

Third, you must be willing to ignore the tiny things that will come in the way of painting the picture you’ve decided to paint.

Fourth, having a good partner gives you an ally to easily discuss and decide on the frustrations, challenges, and obstacles that come your way. 

Whenever you feel that you’re entering a challenging terrain with your friendship, watch the friendship of Jay and Veeru in Sholay and listen to the song “Yeh Dosti Hum Nahi Todenge. Todenge Dam Magar Tera Sath Na Chhodenge.”

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NAMASTE 🙏

Your spirit is the same as mine, and therefore, there is no difference between you and me.

I welcome the place where you and I meet. My energy salutes the energy within you.

I recognise the divine power that dwells in your heart.

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Can entrepreneurship be taught?

In my view, you can teach the principles of entrepreneurship but not the passion for execution. You cannot teach what it takes to be successful. You cannot teach someone to have an execution plan and the ability to carry it out when no one is there to hold their hand or guide them day-to-day. You cannot teach how to create values and build a business or how to improve and transform it.

However, you can teach how to prepare a business plan and present ideas with the right pitch deck. You can teach how to discover and implement the value curve in products or services. You can teach how to identify and execute a product’s unfair advantage. You can teach how to explain a product and uniquely position it with the right perspective. You can teach how to develop an idea into a product that people love and find valuable. You can teach how to research, innovate, and bring together people to build a product, ensuring that you ship the right product, service, or opportunity.

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Well planned or Stop Gap

Recently an entrepreneur approached me with his business plan.

I asked, “Why do you have such a short sighted and stop-gap kind of plan for your idea?”

Entrepreneur, “You see, If I could see the source of more money, I would have a better plan.”

said, “In my view, it’s not the amount that is a decisive factor; it’s the better plan, better strategy and a great team that counts.”

I revisited the business plan with the entrepreneur this week again, and I was happy to see a well thought out plan, and a strong execution strategy this time.

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How to be smart in meetings

When I attend meetings and conferences, one of the best thing that I observe that when someone ask a question and I respond, “You’ve asked a very intelligent question.” I’d find a glow in the eyes of person and his involvement in the discussion gets recharged.

The best way to appear smart in any meeting is, you prepare beforehand going for the meeting.  Do a Venn Diagram of things you know and don’t know and thereafter having your attention fixed on the topic either ask an intelligent question or support the answer if you find the explanation appropriate.

This shall help you gain attention, recognition and appreciation instantly.

Share if you have a better way to appear smart through any another way.

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Encourage someone

That you can be an encouragement.
Everyone needs encouragement, but it’s so easy to forget to take the time to give it.

Think how you begin feeling happy when someone encourages you or someone made you smile.

Today, think of someone at your workplace or in life and appreciate him for something that he helped you with or simply reach out to someone and try to make him smile. Even if the person is a stranger, take a moment to let the person know that you noticed his efforts.

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7 things winners do daily to win their day

THE SAVERS

If you wish to win, here is how you should start your day. Everyday.

SILENCE

Breathing, meditation, or prayer. Whatever that suits you. Your moments with yourself to clear the clutter and develop the focus for what’s important now.

AFFIRMATIONS

You’re what you think and you attract what is ingrained in your thoughts. Appreciate yourself for your accomplishments and remind yourself of the best you want to be.

VISUALIZATION

Sink yourself into the most desirous dream-well. That lavish life. Dream house. Happiness. Whatever you aim for and achieve to reclaim your glory. Whatever will make you feel accomplished.

EXERCISE

Exercise keeps you fit, recharged, and physically prepared. There are 8 – 10 minute exercise options as well. Get the 8 minute app or Yoga Jogging by Baba Ramdev.

READING

The more that you read, the more things you will know. The more that you learn, the more authority you develop

SCRIBING

Like me write something meaningful that comes to you. Meeting observation, experiences, or family conversations. Post them on social media or keep it for future reading.

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What I have learned about the job, friends, walking, traveling, yoga and art

– Every job is a self portrait of the person who does it, autograph your job with excellence

– F.R.I.E.N.D.S Fight for you. Respect you. Include you. Encourage you. Need you. Deserve you. Stand by you.

– For one minute, walk outside, stand there, in silence, look up at the sky, and contemplate how amazing life is

– Travel doesn’t become an adventure until you leave yourself behind

– Yoga is not about touching your toes, it’s what you learn on the way down

– Art is you being free from all the worlds heaviness

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Do you mice or hunt for antelope everyday

Do you spend your every day chasing mice or hunting antelope?

You know that a lion can capture, kill and eat mice as well. But, I guess, it turns out that the lion knows the energy required to chase mice exceeds caloric content it will get from the mice and someday the lion will die of starvation.

But, a lion always looks out for capturing an Antelope in spite of it requiring more speed, strength and effort because once hunted Antelope provides enough meat and feast to the lion to relish it.

I was advised on these lines  by someone today and I found it greatly valuable. So, I am asking you this,

“Find out where you are spending all your time and burning all your energy? Is it to chase mice or hunt for Antelope? Are you going to die of starvation or relish the feast?”

Ask yourself..

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Don’t lose faith when Sometimes life hits you in the head with a brick

Everyday we are faced with hurdles, obstacles, hatred, comparisons, judgements and the worldly matters turning exactly opposite of our desires.

The most health freak person has suffered and died of cancer or heart attack. The most profound devotee has gone through the biggest mess. The most trusted lovers have suffered the heartache. 

The need of the hour is to realize that there’s going to be hurdles, curse and heartache- but if you stay with your faith you will draw the courage to fight it out, you will get the wisdom to get the idea to recover and you will find the strength to stand tall.

The only urge here is that when you get hit in the head, you may not visualize it, but your life is going exactly the way it should be. Keep going. Keep faith.

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United to God you become immortal

You’d have seen dewdrops on the grass leaf. As soon as it faces the morning sunlight, it evaporates, and its existence gets lost. But, when the same dewdrop falls into the sea and merges there with the sea, it retains its state.

There is a significant similarity between the dewdrops relationship with the sea and ours with God. To forget God is to miss the whole purpose of your existence. One who’s ever experienced a tiny moment of godliness will give away all the material pleasures of the world.

The great sages are not the fool that they chose to give up the material world to live in the supreme existence of God. And then the matter of material disturbances are just the matter – the profit or loss, life or death, appreciation or blemish – they may just make you feel helpless momentarily but, you will always live protected under God’s heavenly security.

You attain a happy state of mind, a state that is untouched by the events of daily life.

That joy will be so permanent that even the fear of death won’t shake you. How could Jesus say, in the face of crucifixion, “Father forgive them for they know not what they do.”

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