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Posts Tagged ‘#leadership #purpose #coaching’

CEO’s consideration to Grow Their Business in Tough Times

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Even the most robust economies are struggling today, and it is a crisis situation indeed.

The question to ask is, “Is your response in line with enacting a new paradigm for business continuity?” that is, have you triggered your DR & BC Plan into action mode?

If you are in compliance with industry norms and standards, the assumption here is that your company has a documented and approved Disaster Recovery and Business Continuity Plan.

You may want to argue that, triggering such a plan is applicable to only short-term disruption such as an earthquake, floods or any such natural disasters. But you will notice that in the last couple of decades, disruptions happen due to other reasons such as the spread of certain diseases, terrorism, political threat, environmental issues, and so forth.

Therefore, as a business leader, it is imperative that you have the foresight to anticipate disruptions and have a plan to mitigate those risks.

The next question is about your business model. If you are a proactive business leader, you are already initiated or in the process of coming up with a totally different business model or at least tweeked your current business model. I am not talking about revising your forecasts quarter to quarter based on current reality.

The scorecard that you use for evaluating your business performance has to change entirely. New measures need to be put in place replacing the old one’s. Topline and bottom line are not the critical one’s that needs to be measured. You need to look at Agility, how fast is your business is adapting to the changing dynamics. You need to look at Innovation, the ability to think out-of-the-box to create products and services that have unique characteristics and one that serves your client’s needs. You need to look at the efficiency of your various business processes and operations. You need to look at the resilience of business operations, the ability of your business to not to breakdown but be strong and resurrect itself in the event of a failure, and many other things.

What bold steps can you take today?

  1. Have you started thinking bigger and faster?
  2. Are you aspiring for a 10X growth?

These two require a shift in your mindset. As a leader, you need to make other adjustments as well. You will have to make organizational adjustments to decision making and for execution. If you have a crisis management team (CMT), have they started to taking care of things such as employee morale, health, safety and confidence?

Therefore, it’s time for you to reset and re-calibrate how business is done and executed so that is is more effective and more efficient. It’s time to look at your portfolio choices and have a re-look at them. It’s time to look at optimum resource allocation, re-skill, re-train, re-allocate resource, and it’s also time to look at the communication part. This is the most vital ingredients for your business not to break-down. Constant, timely communication to your employees, vendors, customers, business partners and other stakeholders is importation to overcome the difficulties of the current situation.

Business leaders, going forward how you show up as a true leader will make a huge difference. Show yourself in a way that your mission and message is being noticed and acted upon even when teams are working remotely. They need you more now than ever before.

P.S. Vasanthan Philip is a Business Advisor, Coach and Transformation enabler helping business leaders, small business owners, entrepreneurs and professionals in the IT enabled services and in the manufacturing sectors to see what they don’t see, be their accountability partner and help them deliver outstanding results. He helps them optimize their business processes for operational excellence thereby helping them make very huge profits. He is industry thought-leaders in Agile Transformation. He is on a mission to transform the lives of a million people and their businesses for the betterment of the society. He can be reached at vasanthanphilip@gmail.com. Website: www.vasanthanphilip.com

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How Broadening Your Range of Thought Leads to Prosperity

John Maxwell is one of the few mentors whose writings have made a great impact on how I think and live my life.

Recently I read about his 11 types of thinking that takes one on the path of prosperity. Here they are:

  1. Big Picture Thinking: The ability to think beyond yourself and your world in order to process ideas with a more holistic perspective.
  2. Focussed Thinking: The ability to think with clarity on issues by removing distractions and mental clutter from your mind.
  3. Creative Thinking: The ability to break out of your “box” of limitations, with the goal of experiencing a breakthrough.
  4. Realistic Thinking: The ability to build a solid foundation on facts to think with certainty.
  5. Strategic Thinking: The ability to implement plans that give you direction for today and increase your potential for tomorrow.
  6. Possibility Thinking: The ability to unleash your enthusiasm to find solutions for even seemingly impossible situations.
  7. Reflective Thinking: The ability to revisit the past in order to gain a true perspective and think with understanding.
  8. Questioning Popular Thinking: The ability to reject the limitations of common thinking, in order to accomplish uncommon results.
  9. Shared Thinking: The ability to include the heads of others to help you think “over your head” and achieve compounding results.
  10. Unselfish Thinking: The ability to consider others and their journey in order to think with collaboration.
  11. Bottom Line Thinking: The ability to focus on results in order to gain maximum return and reap the full potential of your thinking.

According to Maxwell, we can inculcate these thinking patterns by surrounding ourselves with people in these various areas of thinking, particularly with the ones that we struggle with. “Where your own abilities may fall short, a trusted advisor could provide much needed insight“, he says.

He also asks us to be active participants in our own thinking. We need to constantly be aware of how our circumstances may be influencing our Thinking and decisions. It’s important to take responsibility for our own thinking and avoid blindly following the suggestions of others without reasoning through the logic for ourselves.

He goes on to suggest that we need to practice intentional thinking on a routine basis like setting aside the time to think each day as an important discipline. He also suggests that we record our thoughts and take the initiative and to put ours thoughts into action quickly.

So lets’ ensure we capitalize on our brains fullest power and potential by embracing these 11 thinking types.

P.S. Vasanthan Philip is a Leadership, Personal & Business Growth Coach helping individuals and business owners grow exponentially. He can be reached at askvp@vasanthanphilip.com and +91 9003075368. Contact him for your coaching/mentoring requirements.

Finding your Purpose

We are besieged by the daily grindd of balancing our act between, home, work, kids, society, commitments, etc., and forget the fact of why we exist. If only we know the true purpose of our existence, our life would be much easier to navigate. Rarely do we ask this question to ourselves to find our purpose. Maybe subconsciously you already know what your purpose is, but just too scared to claim it. If only if you could live your purpose, you could be revealing the next version of yourself. Barbara Myerhoff, an anthropologist of yesteryears, often considered as a “woman of valor” once said, the self is made, not given”.

We are two versions of ourselves. One, our authentic self, that is, who we truly are, and another what we project as who we are to the world. That is, what we have become. Robin Sharma, the renowned leadership coach once said, the greater the gap between your true nature, and who you have become in order to please and fit into the world around you, the less your professional life, and the last your personal life will work. He calls this gap as the “Integrity Gap”.

So how do we find our true purpose, and make our lives meaningful? According to an article in the Success Magazine, there are six questions you can ask.

  1. As a child, and back in my younger days, what experiences were the most memorable.
  2. Who is my idol, and why do I admire this person
  3. What are my core values and beliefs.
  4. What causes are near and dear to my heart? And how can I use my professional credentials to help those causes
  5. What goals should I set for myself, and
  6. What do I want my legacy to be.

Here is a wonderful template the renowned psychotherapist Tina Tessina suggests by writing down a list of descriptions about yourself in each of the following categories.

Personal qualities (e.g. friendly, intellectual, a good communicator…)

Your talents (e.g., painting, public speaking, coaching, mentoring….)

The circumstances that tend to repeat in your life (e.g., working with technology, working with children, teaching others, listening to peoples problems…)

Your desires (e.g. travelling, cleaning up the environment, running for political office….)

Then take the answer that is most important to you in each category and complete the following sentence.

I ________________ (your name) am designed to be a ________________ (insert personal quality) who can ________________ (insert talent) and I find myself ________________ (fill in recurring patterns or circumstances) often, because I am supposed to ________________ (desire).

That could be your mission statement as well.

Hope this article has made you think of your true purpose in life.

Have a cheerful day.

Your friendly coach,

Vasanthan Philip

I help individuals and organizations to become more successful, and become world-class.