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Every spendid thing begins with an idea

About Me

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Penang, Malaysia
Dedicated to pass on valuable information to entrepreneurs. More than 20 years experience in a Japanese Corporation. Now, learning and enjoying the fun of trading business.

Sunday, May 4, 2008

"To err is human": 80% of your decisions are wrong


My title is true if you make these decisions alone, with no consensus or consultations or considering the opinions from your spouse or close friends or peers. Listen to them and make them part of your decision making process. Making the move alone or even believing on your guts can be your biggest mistake.
Nothing is more assuring than asking your customers what they want from your products or services rather than assuming that your products or services are good enough for them.
Listen from someone you trust before making all your business decisions. It makes a lot of sense to knowing your short comings in advance than facing the consequence of the wrong decision. Make your organization work for you.

Make solutions work for you

"That's what I like about Lord Young. While you all bring me problems, he brings me solutions."
MARGARET THATCHER

Have you ever wondered why your business wasted too much time and money solving unnecessary problems? Problems that were not supposed to be there in the first place. Do you realize that a significant amount of these unnecessary problems were in fact imported or brought in from outside of your organization? Where did these problems come from?
Unnecessary problems are unknowing imported into your business through your daily business activities. They didn’t sneak in; in fact they came in through your gates quite freely. Its like computer viruses infected your computer system that has no firewall installed. Some came in as via the unofficial routes and you even paid for a good portion of these problems ‘appearance fees’ to be in your business.
These problems can cause hiccups to the smooth running of your business machine. It’s like an opposite force that pulls you against the direction of your intended motion. What are they actually? They include all the problems related to the following;
1. Employees related
. Corrupt and irresponsible officers
. Hand phones and internet nuisance
. Never give a damn about recruitment filtering
2. Machines and equipments related
. Purchase of improper or poor quality tools and equipments for your processes.
. Careless maintenance
. Installation of invalidated systems for your operation
3. Methods and procedures related
. No written job description and work procedures
. Marketing and sales assumptions that are not based on facts
. Usage of unofficial imported methods to carry out routine operations
4. Materials related
. Regardless to reuse, recycle and recover materials in operation process
. Usage of under specification materials
. Uncoordinated material procurement activities
These subheadings can guide you to listing down all the unnecessary problems that you have led them dwelled in your business.

Now, it’s time for you to take appropriate actions and make sure these problems will not get into your business once and for all. How? Well, if you are stopping spy wares or computer viruses from getting into you laptop, your have to install firewalls, anti-spies, and anti-viruses software. To ensure that your ‘firewall’ is effective, adhere to these simple 3 steps.
First, meet with all key personnel in your organization and instruct them to only bring in only solutions to their operation daily. A 45-minute meeting is sufficient for this purpose. Don’t have time, then plan one. Block the time in you daily planner i.e. 45 minutes from 9:00am to 9:45am. Remember, you want to hear only SOLUTIONS to your listed problems not problems. Make this habit a culture in your daily routine of you business.
Second, make sure to put 300% effort to track down every process in your business operation. How can you to get 300% effort? Selected 2 of you very best employees and make them put in 100% effort each to forming your mastermind group alliance.
Third, take prompt actions. Go through every single solution; document and implement them.