7 Things Every Entrepreneur Should Do Before 7 a.m. (entrepreneur.com)

Success always takes time, which is why the most successful people start early.

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Entrepreneurs are a unique breed of people. We like to do things our way and are known for our almost obsessive attraction to habits. But, there’s a good reason for that. Habits help us achieve our goals, keep us motivated, eliminates wasted time, and improve our lives altogether.

Arguably, the most important habit for an entrepreneur is their morning routine. After all, if you start your day off on the wrong foot, how productive, motivated, and focused are you going to be for the rest of the day?

To make sure that you start your day off on the right foot, here are seven things that every entrepreneur should before 7 a.m.

1. They’re wide awake.

Successful entrepreneurs like Richard Branson are known for waking up bright and early.

“I have always been an early riser. Like keeping a positive outlook, or keeping fit, waking up early is a habit, which you must work on to maintain. Over my 50 years in business I have learned that if I rise early I can achieve so much more in a day, and therefore in life,” explains the Virgin Group founder.

When you’re awake before 7 a.m. you have the time to check the news, gather your thoughts, or exercise. This prevents you from rushing out the door every morning feeling frazzled and unfocused.

Waking up early means that you have to stop hitting the snooze button by getting enough sleep each night – preferably between 7 and 9 hours. Besides ensuring that you’re an early riser, getting the appropriate amount of sleep improves your health, memory, learning, productivity, and mood. It may even help you make fewer risky financial decisions, reduce stress, and decrease fat and increase muscle mass with exercise.

Related: How I Run 3 Multi-Million-Dollar Companies While Getting 9.25 Hours of Sleep a Night

2. Avoid your phone.

This may sound crazy, but there a couple of perfectly valid reasons for not reaching for your phone first thing in the morning. For starters, placing it next to yourself throughout the night can interrupt your sleep because of the light the screen emits or the notifications that go off throughout the night.

Additionally, diving into your inbox or social media channels can be stressful and distract you from setting your personal priorities. Instead of setting your goals for the day, you’re frantically responding to an angry email from a client. That’s not the best way to start your day.

3. Exercise or meditate.

Yes. Whether if it’s going for run, lifting weights, plunging into a 57-degree Fahrenheit pool, yoga or reciting oms, regular exercise or meditation reduces stress, makes you happier, increases your energy, helps you sleep better, gives your immune system a boost, and prevents you from developing future health concerns like heart disease.

However, just as important for an entrepreneur, exercising and meditating each morning can help you focus on what you need to achieve throughout the day and develop new ideas.

Related: Meditation, Mindfulness and Sleep Can Radically Impact Your Success

4. Eat a healthy breakfast.

Stop kidding yourself. Breakfast is the most important meal of the day since it’s going fuel your brain and body for the day. But, not all breakfasts are equal. Skip the donuts or leftover pizza and consume:

  • Healthy carbohydrates like oatmeal or rye toast.
  • Low-fat protein like eggs, nuts, greens, and beans.
  • Fruits and veggies.
  • Dairy alternatives like soy, almond, or rice milk.

While having a morning a cup of tea or coffee to wash down your breakfast isn’t bad, try sipping on some lemon water before you eat.

“Drinking lemon water as soon as you wake up spikes your energy levels physically and mentally. Lemon water gives you steady, natural energy that lasts the length of the day by improving nutrient absorption in your stomach. You need to drink it first thing in the morning (on an empty stomach) to ensure full absorption,” explains Travis Bradberry.

“You should also wait 15-30 minutes after drinking it before eating (perfect time to squeeze in some exercise). Lemons are packed with nutrients; they’re chock full of potassium, vitamin C, and antioxidants. If you’re under 150 pounds, drink the juice of half a lemon (a full lemon if you’re over 150 pounds). Don’t drink the juice without water because it’s hard on your teeth.

Breakfast is also a great time to spend time with your family.

5. Lift your spirits.

Some mornings you just don’t want to roll out of bed. The weather’s crummy and you had a major setback. It’s not the end of the world, but it’s enough to kill your motivation for the next couple of days.

That’s why successful entrepreneurs practice lifting their spirits each morning. Whether it’s reading an inspiring book, memorizing motivational quotes, working on a passion project, or writing down your thoughts or experiences in a journal or blog, take a couple of minutes every morning to get in the right mindset before tackling the day.

If those tactics aren’t effective, write down the things that you’re grateful for.

“The five-minute journal is a therapeutic intervention, for me at least, because I am that person,” says Tim Ferriss, entrepreneur and author of The 4-Hour Workweek. “That allows me to not only get more done during the day but to also feel better throughout the entire day, to be a happier person, to be a more content person — which is not something that comes naturally to me.”

Related: How I Built A Million-Dollar Business In 12 Months

6. Set your goals and priorities.

Every Monday morning set your goals for the week. Each day for the rest of the week write down the goals and priorities that need to happen that day. Think about how you’re going to accomplish those goals while in the shower, jogging or whenever you have quiet time to yourself.

The most effective way to cross items off your to-do list is by starting with the hardest task – or the task that you’re dreading the most. Procrastinating on those tasks just leaves them for tomorrow. Get them done and over with now so that you can keep moving forward.

7. Get down to business.

Finally, it’s time to get down to business. You can now grab your phone and read and send emails, pop-in on social media, check the news involving your industry, and review metrics, such as the previous day’s sales. That data may alter your to-do-list, but because you got a headstart, you’ll be prepared and ready when it’s time to enter the office.

Related: 5 Ways That Coffee Affects Productivity

By creating, and sticking, to a morning routine you develop habits that will keep you healthy, productive, and prepared so that you can handle any situation that’s thrown your way. It may take some trial and error to find your ideal morning routine but it will make you more successful both professionally and personally.

Source: https://www.entrepreneur.com/article/290427

 

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What the Best Transformational Leaders Do (hbr.org)

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Companies that claim to be “transforming” seem to be everywhere. But when you look more deeply into whether those organizations are truly redefining what they are and what they do, stories of successful change efforts are exceptionally rare. In a study of S&P 500 and Global 500 firms, our team found that those leading the most successful transformations, creating new offerings and business models to push into new growth markets, share common characteristics and strategies. Before describing those, let’s look at how we identified the exceptional firms that rose to the top of our ranking, a group we call the Transformation 10.

Whereas most business lists analyze companies by traditional metrics such as revenue or by subjective assessments such as “innovativeness,” our ranking evaluates the ability of leaders to strategically reposition the firm. Some companies that made the list were obvious choices; for example, the biggest online retailer now gets most of its profit from cloud services (Amazon). But others were surprising, given their states before embarking on transformation. The list includes a health care company that was once near bankruptcy (DaVita), a software firm whose stock price stagnated for a decade (Microsoft), a travel website that faced overwhelming competition (Priceline), a food giant that seemed to lose its focus (Danone), and a steel company that faced new pressure from lower-cost rivals (ThyssenKrupp).

The team began by identifying 57 companies that have made substantial progress toward transformation. We then narrowed the list to 18 finalists using three sets of metrics:

New growth. How successful has the company been at creating new products, services, and business models? This was gauged by assessing the percent of revenue outside the core that can be attributed to new growth.

Core repositioning. How effectively has the company adapted its legacy business to change and disruption, giving it new life?

Financial performance. How have the firm’s growth, profits, and stock performance compared to a relevant benchmark (NASDAQ for a tech company, for example, or DAX Index for a German firm) during the transformation period?

To read more please click below:

https://hbr.org/2017/05/what-the-best-transformational-leaders-do?

 

12 Habits of Highly Effective Entrepreneurs (entrepreneur.com)

The most important factor determining success or failure is how much value you get from what you do every day.

 

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There are several small, but key commitments, effective entrepreneurs practice in their daily routine which help them to stay a cut above the rest. When it comes to success, these types recognize it is often the smaller disciplines which catapult them far beyond others who may be smarter, more talented or who have access to more resources which would seemingly give them the advantage. Highly effective entrepreneurs are scrappy, and succeed beyond their peers and colleagues because they commit to the simple things, which provide them the grit and resilience to push ahead.

1. They hydrate.

To function well, effective entrepreneurs start their day hydrated. Once they’ve had their coffee or tea, they start pushing the water. They are aware that staying hydrated keeps their memory sharp, their mood stable, and their motivation intact. Of course, highly effective entrepreneurs also give themselves permission to indulge in ending their day with an adult beverage to take the edge off, but they are mindful to do this with a balance. They would never choose to start their next day hung over. They start their next day hydrated from the previous one.

2. They exercise.

There is a misconception that successful people have the freedom to exercise whenever they want; however, this is not true for the exceptionally busy. With all the different variables at hand during a workweek it can be near to impossible to workout at the same time, or even in the same location each day. What is important, is not when or where they exercise, or even how long for that matter, but just that they do it. They exercise because exercise has proven to increase the neuroplasticity of the brain; making them smarter and more able to exist on the cutting edge of intelligence. Aside from the undeniable stress and health benefits, they will not sacrifice an opportunity to produce growth in their brain’s ability to stay sharp.

Related: 25 Best Habits to Have in Life

3. They get ready for the day.

Effective entrepreneurs are always ready for their day. No matter how busy they are, they accept that to be totally on-point they must be prepared and organized. The more prepared they are, the more confident, relaxed and efficiently they operate. They prepare lists, goals, calls, meetings, calendars, what they’re going to eat, sleep, what clothes they will wear, travel itineraries, time for exercise, family and friends. They make sure to start each day ahead of the game, rather than consistently behind the 8 ball.

4. They involve others.

Many entrepreneurs feel because they are on their own journey, they shouldn’t enlist the help of others. However, highly effective entrepreneurs embrace that success is never a one-man job. The more people they have on their team believing in their mission, the more innovative and successful they become. No one can succeed in a cocoon. They let go of their fears, guilt’s and doubts around their personal responsibility. They know their limits, and value the need to involve others to help complete them as person to get to the top. Success is the most fulling when it’s a shared experience.

5. They take time for themselves.

To be successful it takes a tremendous amount of grit and sacrifice. Effective entrepreneurs need time for themselves to recharge. They carve time in their daily schedules to make this happen, and view these meeting with alone with themselves as just as important as the meetings they have with others. They understand that to be truly be present to others, they must first nurture the connection they have with themselves. This time serves to keep them proactive in their mindset, rather than reactive.

Related: The 7 Financial Habits of the Most Successful Small Business Owners

6. They join groups outside of work.

There is a life outside of the office and effective entrepreneurs embrace this. They involve themselves in all kinds of groups that fit their tastes, whether it be CrossFit, yoga, church, charity, travel, or other extracurricular fun. These groups get them out of “business mode” into a more relaxed state where they can enjoy the fruits of their hard work. It also connects them with people who have nothing to do with business, which is enriching to their life. Involvement in these groups gives them a healthier work/life balance.

7. They ignore the naysayers.

Successful entrepreneurs have likely lost more relationships than they have gained. Why? The path narrows as they get to the top. The more successful they become the more people shoot arrows of jealousy and naysaying in their direction. They do not give them attention. If Matt Damon can drop out of Harvard, write a movie, have Robin Williams star in it, and win an Oscar then it’s possible for any of us to achieve the dreams we set out to achieve. The great successes work hard, ignore the jealous chatter, cruel stabs and have the grit to not stop until they make it to the top.

8. They don’t negotiate with their time for self-care.

Effective entrepreneurs value time as their most precious commodity. They understand they must maintain their much-needed quiet time to avoid burnout. For this reason, they pre-plan vacation time, take days off when sick or otherwise necessary. Because they take the breaks to enjoy their lives, they are actually more successful than the entrepreneur who works non-stop, lives on caffeine, nicotine and fast food in order to not miss work. Time for self-care is sacred in an effective entrepreneur’s world.

9. They embrace the chaos.

Any journey towards success will have chaos as a fundamental part of the process. Mistakes will be made, they will need to fire people, they will get screwed over, lose money and have to recover; hence, there will be frustration and failure. To be effective, they know they cannot shy away from the chaos or cower under its power. Rather, they see chaos as something they must study, face and conquer. Every run-in with chaos, successfully handled, is one step further along the path to living their dream.

Related: 10 Habits That Help You Learn Twice as Fast

10. They seek support of like-minded people.

Effective entrepreneurs view themselves as ‘learners.’ It’s no easy task working to be the best at what they do; however, the healthy medicine they need is the support they get from like-minded and similarly driven others. Effective entrepreneurs do not see and end-date to their success, so to continue learning and growing, it is crucial to have successful others to mentor, support and teach them. It is also important for them to play this role for others. They believe wholeheartedly the more help, support and encouragement they give and receive, the more enjoyable their journey to success will be.

11. They have supplies of motivation and information on hand.

Successful entrepreneurs are never without motivational quotes, books, audiobooks, or seminars on hand at all times. They are consistently tracking their written goals and organizing their next moves. They have copious notes on their computers, on paper and contacts in their rolodex. If they have questions, they have the resources at their fingertips necessary to get the answers they need.

12. They don’t take themselves too seriously.

Effective entrepreneurs are well aware that not everything is going to go their way, and it is for this reason they train themselves to keep a lighthearted attitude. Innovative solutions cannot come to a rigid and controlling thinker. They recognize how important it is to be able to laugh at themselves. They have learned the more open they are to what is in front of them, the clearer they see where they have control and where they don’t. This openness helps them come up with the solutions they need and to also know when it is time to stop controlling and let something go.

Source: https://www.entrepreneur.com/article/294080?utm_source=newsletter&utm_medium=email

 

11 Ways Successful People Think Differently Than You (entrepreneur.com)

Entrepreneur

There are those people who seem to have no problem achieving goals but it’s not because they have a higher IQ or more time than you. It’s because they think and act differently. Here are 11 mental habits of successful people that you can apply in your life.

1. They’re specific.

Successful people master the art of goal-setting by being as specific as possible. Instead of making broad statements like “I want to get more sleep” or “I need to lose weight,” they will set goals like “I’m going to be in bed by 9:30 on weeknights starting tonight” or “I’m going to lose 10 pounds by eating salads for lunch and walking after dinner.”

They apply that specificity to business with statements like “I’m going to get five new clients this week by calling five prospects every day.”

Specifying the goal makes it easier to determine the actionable steps required to make your goal a reality. When you have pinpointed exactly what you want to achieve you’re more motivated to follow through.

2. They think in minutes when scheduling.

There are 1,440 minutes in a day. Successful people know this and waste as few minutes every day as humanly possible. They realize that they can never reclaim even one minute wasted on meaningless tasks and activities.

Mark Zuckerberg got around this by wearing the same outfit pretty much everyday for years. He was teased but Zuck’s signature grey t-shirt has saved him a ton of time every morning. Instead of wasting time going through his wardrobe, his decision was automatic so he could focus on more important things.

Elon Musk creates a regimented schedule by breaking his calendar into five-minute slots. Here are a few ways to track your time better.

3. They know it’s the team that wins.

Michael Jordan is hands-down among the greatest basketball players of all-time, but playing with the likes of Scottie Pippen, Horace Grant and Dennis Rodman throughout his career made Jordan the legend he is today. As his former coach Phil Jackson said, “The strength of the team is each individual member. The strength of each member is the team.”

Successful people seek people they can collaborate with, as well as those who complement their strengths and weaknesses. I’ve worked hard on having the best team surround me. This encourages and motivates me to become 10x better. If you want to become the best programmer, join that community. If you want to become the best freelancer, surround yourself with other freelancers.

4. They learn continuously.

Successful people make the time to read, attend classes, take workshops and watch worthwhile webinars. They know enhancing their current skills and developing new ones is essential.

If Bill Gates, Warren Buffett and Oprah Winfrey can find the time to read, then so can you. Read in a book before you go to bed or listen to a podcast during your daily commute. You can pick a book or podcast to listen to when you exercise, or choose to attend an online lecture during your lunch-break.

As Gates explains about reading, “It is one of the chief ways that I learn, and has been since I was a kid. These days, I also get to visit interesting places, meet with scientists and watch a lot of lectures online. But reading is still the main way that I both learn new things and test my understanding.”

5. They grow their EI.

Emotional intelligence is the ability to identify your emotions, as well as those of people around you. It assists in problem solving and inspiring others. Even if you weren’t born with a high emotional intelligence, successful people look for ways to strengthen it by:

  • Not being a perfectionist.
  • Knowing how to balance work and play.
  • Embracing change.
  • Eliminating distractions.
  • Being empathetic.
  • Knowing your strengths and weaknesses.
  • Being self-motivated.
  • Focusing on the positive.
  • Setting boundaries.

6. They’re realistic optimists.

Positive thinking is crucial to your willingness to set challenging goals but successful people never underestimate how difficult it will be to reach those goals. Research has found realistic optimists tend to be happier and have better control of themselves and their emotions than those who are unrealistic optimists.

“Every time they face an issue or a challenge or a problem, they won’t say, ‘I have no choice and this is the only thing I can do.’ They will be creative, they will have a plan A, plan B and plan C,” said Sophia Chou, an organizational psychology researcher at National Taiwan University.

7. They don’t self-sabotage.

Humans by nature are inconsistent. That’s why you can’t trust your future self to follow through on the plans you make today.

Let’s say you plan to begin eating a salad every day for lunch. You buy all the lettuce, tomatoes, onions and cucumbers you need but you forgot you have a lunch meeting scheduled, and the next day you skip lunch because you’re swamped. There is a good chance you won’t actually eat that salad everyday and most of those ingredients will rot before you eat them.

Before making any decisions about goals, successful individuals think of what might sabotage their effort and how to work around it. A consistent schedule and sticking to it helps you follow through.

8. They meditate.

“The results have been awesome. Better sleep. Improved relationships with spouses, children, coworkers. Some people who once suffered migraines don’t anymore. Greater productivity and creativity all around,” said Oprah Winfrey on meditation.

No wonder Oprah, and other successful people like Russell Simmons, have made meditation a priority. There is no shortage of meditation apps to help you get started on meditating daily. You can have big benefits for just five or 10 minutes of your day.

9. They take care of their health.

A healthy body and mind are cornerstones of success. Regular exercise and a healthy diet decrease stress, relieve anxiety, help you sleep, boost your immune system, increase your productivity and improve your mental state.

Finding time to take care of yourself is challenging when you have a hectic lifestyle or do a lot of traveling. Small things like investing in a standing desk, taking a walk during your lunch break or doing simple exercises in your office are all good ways to start an exercise habit. Eating in moderation and skipping cheap, fatty fast foods will take you a long way toward eating a better-balanced diet.

10. They carry notebooks.

Richard Branson, Drew Hansen, J.K. Rowling, Eminem and Jack Dorsey keep journals to write down their thoughts, track their progress, set goals and reflect on the lessons of past mistakes.

As Dorsey said, “Find a simple way way to track your progress. You really get to see how you have grown, how your business has grown and how your own leadership has grown.”

11. They know what they value in life.

While successful people are known for their hard work, they also realize that they need time to unwind and recharge. After all, they’re only human. They know there’s more to life than just work. Successful people make it a point to enjoy their lives.

Whether that’s unplugging for the weekend so that you can go away with their spouse, getting home for dinner every night, volunteering, reading, exercising or working on a hobby, they always allocate some of that 1,440 minutes in a day to something that they value.

Source: https://www.entrepreneur.com/article/293944?utm_source=newsletter&utm_medium=email

Nasdaq Entrepreneurial Center selects 15 finalists for India programme (vccircle.com)

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The Nasdaq Entrepreneurial Center has selected 15 startups across sectors such as Internet of Things and health-tech for its Milestone Makers India programme.

The San Francisco-based nonprofit had launched the programme—its first outside the US—in March along with New Delhi-based Startup India Advisory.

The programme aims to help early-to-mid-stage founders set and achieve milestones critical to their companies’ growth. While the programme doesn’t involve any funding, it will help the entrepreneurs connect with potential investors through the Startup India Advisory network.

The centre will work with the selected entrepreneurs for 12 weeks. Each founder will have a coach and three to four business mentors, a customized set of classes and access to other resources—all valued around $250,000.

The programme initially intended to select 25 entrepreneurs for the May 2017 batch but chose only 15. Each entrepreneur in the list is from a different field. The list includes eight women and seven men.

“This programme is very different from most accelerators that are focussed on startups and companies,” said Arjita Sethi, a member of the YEx board of advisers at the Nasdaq Entrepreneurial Center. “Here, we wanted to focus on entrepreneurs.”

Yatin K Thakur, founder, Startup India Advisory, said: “Entrepreneurship requires commitment, support and sustainability, and Startup India is facilitating these connections to support all entrepreneurs in Milestone Makers cohort through its partnerships and access to new markets.”

A quick look at the finalists:

Aditi Chadha, founder, DAZL: The IoT device fits inside fashion accessories and helps women manage their safety, health and daily communication needs. Chadha built the supply chain for the IoT module and fashion accessories in Southeast Asia and China. The startup has won seed funding from Vodafone and the Department of Science and Technology, Government of India.

Amit Arora, founder, Manuring It!: The startup was founded in October 2016. It is creating a digital platform that is accessible through a mobile missed call facility for farmers to buy organic fertilisers and seeds and rent farm equipment. Arora aims to employ 1,200 landless women farmers in the next three years to produce organic manure and assemble tools.

Amit Shukla, founder, EasyGov: The startup offers an Aaadhar stack-based cloud solution that will help people avail social welfare benefits. Shukla has worked with Accenture Strategy, KPMG Advisory and Wipro Consulting. The two year-old startup employs 25 people and claims to have 1,000 monthly customers.

Anurag Rana, founder, Threye Interactive: The IIT-Kharagpur alumnus earlier worked with ITC Ltd. His tech company works in the fields of gaming, augmented reality, virtual reality and robotics. It aims to bring military technology for consumer use. Threye’s clients include the Indian Air Force and Defense Research and Development Organisation. The startup is developing an augmented reality headset aimed at facilitating training and operations.

Gauri Angrish, founder, CAREDOSE: Angrish worked as an analyst at McKinsey and Co. in the pharmaceutical and medical device vertical. Her medicine management venture uses proprietary technology and inventive packaging to help track complete adherence to treatment by chronic patients. CAREDOSE’s B2B2C business model is focused on hospitals, drugmakers, doctors and home health companies.

Gina Joseph, founder, Zola India: The startup enables rural artisans to express themselves through wearable art like jewellery. Prior to starting up Zola, Gina spent about seven years as a media professional in advertising, public relations and journalism.

Neha Arora, founder, Planet Abled: The startup provides travel solutions to people with disabilities. Arora, who was born to parents with disabilities, earlier worked with HCL, Nokia and Adobe before starting up. Planet Abled is operational in around 20 cities and adding more experiences to its bouquet.

Piyush Kumar, founder, Rooter: The sports social network aims to connect sports fans across the world and engage them during live sporting events. Kumar spent 13 years in advertising and marketing before becoming an entrepreneur. His last assignment was with Swatch Group India as marketing head for luxury watch brand Rado. Rooter started in September 2016 and has 100,000 fans on board across football, cricket, tennis and basketball. Rooter is funded by actor Boman Irani and Intex Technologies.

Pooja Bhayana, co-founder, Let’s Barter India: Bhayana started her professional journey with a magazine in Singapore, and in India got associated with PR agency Text100. Let’s Barter is one of the largest communities for exchange of goods and services on Facebook with about 1,86,000 members.

Prachi Kagzi, founder, Little Passports Edutours: The startup conducts ‘mom and kids’ educative travel tours. Kagzi was initially an investment banker with Enam Securities (now part of Axis Bank). She founded a plastic packaging company with her husband in 2008 and sold it in 2012, before starting the travel venture.

Rachana Bagde, founder, G for Gestures: The startup integrates gesture technology with virtual reality. It allows users to interact through their body gestures and get an immersive experience in VR without wearing any expensive VR headgear. She is in her final year of a dual degree course for M.Tech degree at IIIT Gwalior.

Raja Sekhar Vasa, co-founder, Happy Adda Studios: The startup develops vernacular mobile games to reach out to the untapped audience in small towns and villages. Its mobile game “Jalebi – A Desi Adda” crossed 500,000 daily active users within six months of release and now has 6.5 million users. Happy Adda is being accelerated by Google through Google Developers Launchpad Accelerator programme. Vasa worked with Wipro, IBM and CSC before starting up.

Smita Mishra, founder, Fandoro: Fandoro is a SaaS-based social gifting platform. The startup aims to make gifting hassle-free with its machine learning algorithm-enabled recommendation engine and gift checkout process. It enables small and medium gift retailers to have an online presence and leverage technology for increased sales. Mishra has worked in the IT industry for over 15 years.

Sudeep Nadukkandy, founder, WaterScience: Founded in July 2014, WaterScience aims to make treated water affordable and accessible. Its first product, CLEO Shower Filter, reduces chlorine and effects of hard water. Nadukkandy worked as a technical specialist with ITC Infotech-Clientlogic, then as an early employee with Printo.

Vivek Naik, co-founder, Crop Stacks Agritech: The startup helps people grow food in their homes using hydroponics. Naik is the founder/coach at Goa Startup Launchpad. Prior to starting his own business, he has worked in the manufacturing industry.

Source: https://www.vccircle.com/nasdaq-entrepreneurial-center-selects-15-finalists-for-india-programme

 

How to Be an Inspiring Leader (hbr.org)

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When employees aren’t just engaged, but inspired, that’s when organizations see real breakthroughs. Inspired employees are themselves far more productive and, in turn, inspire those around them to strive for greater heights.

Our research shows that while anyone can become an inspiring leader (they’re made, not born), in most companies, there are far too few of them. In employer surveys that we conducted with the Economist Intelligence Unit, we found that less than half of respondents said they agree or strongly agree that their leaders were inspiring or were unlocking motivation in employees. Even fewer felt that their leaders fostered engagement or commitment and modeled the culture and values of the corporation.

To understand what makes a leader inspirational, Bain & Company launched a new research program, starting with a survey of 2,000 people. What we found surprised us. It turns out that inspiration alone is not enough. Just as leaders who deliver only performance may do so at a cost that the organization is unwilling to bear, those who focus only on inspiration may find that they motivate the troops but are undermined by mediocre outcomes. Instead, inspiring leaders are those who use their unique combination of strengths to motivate individuals and teams to take on bold missions – and hold them accountable for results. And they unlock higher performance through empowerment, not command and control. Here are some of our additional findings about how leaders both inspire, and get, great performance:

You only need one truly “inspiring” attribute

We asked survey recipients what inspired them about their colleagues. This gave us a list of 33 traits that help leaders in four areas: developing inner resources, connecting with others, setting the tone, and leading the team. Stress tolerance, self-regard, and optimism help leaders develop inner resources. Vitality, humility, and empathy help leaders connect. Openness, unselfishness, and responsibility help set the tone. Vision, focus, servanthood, and sponsorship help them lead. We found that people who inspire are incredibly diverse, which underscores the need to find inspirational leaders that are right for motivating your organization—there is no universal archetype. A corollary of this finding is that anyone can become an inspirational leader by focusing on his or her strengths.

Although we found that many different attributes help leaders inspire people, we also found that you need only one of them to double your chances of being an inspirational leader. Specifically, ranking in the top 10% in your peer group on just one attribute nearly doubles your chance of being seen as inspirational. However, there is one trait that our respondents indicated matters more than any other: centeredness. This is a state of mindfulness that enables leaders to remain calm under stress, empathize, listen deeply, and remain present.

To read more please click below link:

https://hbr.org/2017/04/how-to-be-an-inspiring-leader?