luxury car

Perception

An old friend was having a conversation with me recently about how one of the best decisions he ever made was to sell his Porsche and buy a Honda Jazz. And no, he has not suffered any loss in income, in fact his business is booming. In that same conversation he talked about a guy he met recently who was just starting his business and was adamant on buying a Mercedes. His justification was that because he was starting up he needed the ‘image’, and my dear friend who has been in business for years tried hard to convince him not to jump into that trap. The conversation struck a chord with me because i’ve gone and made such decisions, hence been on both sides of that fence.

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Agree

Today we are expanding on a topic within a previous post. In that post we spoke about clear concise open communication between business partners, in fact it should be a practice in all aspects of our lives between everyone we meet.

While having and maintaining clear concise open communication between partners keeps assumptions away, ensures everyone is on the same page and minimises misunderstandings, the possibilities of conflict or misalignment can and will still occur.
It can occur for many reasons; by default no two humans are alike, our needs and wants although can be similar can never be exactly the same, everyone is also developing and growing at different levels in life, the circles we roll in are different, our upbringing is different, there are so many factors that affect our judgement, wants, needs and decisions in life. These factors drive our business and career decisions, they drive our performance at work, they determine our commitment to projects and more. The difference between two people is what gives rise to conflicts.

the possibilities of conflict or misalignment can and will still occur

So what can you do to minimise conflicts and keep everyone in-sync?
There are alot of things we can do, here are 5 that come to mind.
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vision

North Star

In a previous post we spoke about the top 3 pieces of advice, today we are diving a little deeper and going to look at item number one, VISION.

Vision is determining where you’re going, your north star. A shining beacon that keeps you on course no matter the weather. It could be your dream translated into a statement, or literally how the organisation looks like in 20-years or maybe how it looks like at the end of your life, it could also be what you want the company to remembered for or known for. It answers questions like what legacy do you want to leave behind? What is the purpose of this organisation? If your only goal is to make money, go get a job, work hard and climb the corporate ladder. 95% of businesses fail in the first five years. Truth is, even if you do make it past the 5 year mark… your personal take home income may never be as high as what you’d be earning as an employee.

95% of businesses fail in the first five years

vision Continue reading “North Star”