Monday, December 17, 2012

Have you Encountered these Entrepreneurial Items?



Today I came across 2 kinds of Entrepreneurial ‘Items’ if I may call them, only because they behaved like typical items.

Here they are:

First one will take up the job you give to him in a hurry showing that he is very busy. He will even give you an approximate quote and ask for advance. You give advance and take a date from this ‘item’ to come back to check on the status of your job.

On the day of meeting you call his mobile to reconfirm that you will be visiting his works; this ‘item’ will pick up the phone and when you say who you are, the phone will automatically disconnect and then when you redial, the mobile will be switched off.  You try again after couple of hours and one of his sidekicks will pick up the mobile phone and give you some BS excuse. Your day is gone.

Next day you try again and you get him on his mobile, finally. He gives you some lame excuse and asks you to come on a new day and time.

On that decided day and time you arrive at his works. Looking at you he immediately will say, ‘I have given your work and half of it is done…I deliberately did not complete it because the budget is increasing.’ You argue that he had already given the budget and he will again make excuses that he had given you an approximate budge. He will start calculating the budget in front of you again and give you an increased estimate that is almost double the quote he gave you earlier. At that moment the realization will hit you that this ‘item’ was lying to you and your work has not yet started. When you confront him with this he will say, ‘…I am not forcing you to get your job done with me…you can go elsewhere…’

Don’t think twice! It is better to cancel the order and take back your advance money.

Lesson to be learned:

Never work with a person who is whole and sole of his company; i.e. a proprietary firm. Even if you have to give order to such a kind of firm ensure that they have at least a minimum team to handle the works. If the proprietor is the only person who handle all the departments run away from there. Even if he is cheap, for you he can be a pain in wrong places that is more expensive than the money you will pay him.
Now let me move on to the second entrepreneurial ‘item’.

Second ‘item’ will appear very sincere to you and talk to you very politely. You might think you have got the Right Vendor finally. But the shock is yet to come. This ‘item’ is not capable of doing your job but she cannot say it upfront on your face.

You ask why?

Nobody who is sitting to do a job in the market will say that they cannot do that job. They think it will hurt their reputation; even though they will not be having anything by the name of reputation in their lives.

So how do I know that these kinds of ‘items’ cannot deliver?

Simple! With what these kinds of ‘items’ do in such a situation, one can easily tell.
They will make you jump from your seat by quoting a big price. How big is big? Almost 7 to 10 times the market price!

When you ask how come she is charging so much? She will start giving all those useless excuses about being quality conscious and other BS. For the first time you will look at her office which is the size of a rat hole and wonder if she is charging so much money then how come the office is no bigger than a matchbox?
This is the standard style of these kinds of ‘items’ who cannot do what they claim to do.

Lesson to be learned:

Even if you can afford to pay the high price never give them your business. They will screw your job royally.
In both cases always look for the setup that the proprietor has created and the kind of people working in that setup. Just talk to the employees and you will instantly come to know whether they are sincerely working or just passing the day.

In conclusion: Any business owner who charges less or charges more will not necessarily give you the best job that you desire. Never trust them unless and until you have tested them. This is what you have to learn and develop inside you! Learning to read people who are sitting in the market to take away your money without providing any value is the best education you can give yourself.

Just one more thing: This kind of daily adventure is what makes meeting different people interesting and makes life worth living! You come back home wiser in the evening. 

Cheers!

Rakesh Prasad

Friday, December 7, 2012

5 Things to Focus on Before You Launch Your Product


You have a killer product you are eager to launch in the market. You can't wait for the customers to know and start using it. But hold on a minute. There are 5 points that you should give clarity on to your Sales Soldiers before they hit the market. These 5 points will give all the reason for your Sales Soldiers to go all out and perform thereby bringing in the profits you are looking forward to.

Here they are:

Point 1: How much will they earn by selling your product?

Point 2: Why selling this product is simple &/or easy?

Point 3: What they have to do to make the sales and 

achieve their targets?

Point 4: How they have to do? Give them the process.

Point 5: How doing this way is legal? Tell them what they 

are doing is Right and how it will help them to achieve 

their personal goals.