About Us|Contact Us|Register|Login

[google-translator]
Currently Browsing: Leadership

Taking the Leap from Engineering to Entrepreneurship

Taking the Leap from Engineering to Entrepreneurship
Every engineer who’s invented some new technology or is adept at coming up with innovative solutions believes that the hard part is over and the step to take that solution to market as an entrepreneur should be easy. And many engineers are in for a shock. In reality, that seemingly short step from engineer to entrepreneur means significantly more risk. In fact, a survey conducted by Duke and Harvard of over 500 technology companies found that only 37% of leaders had any background in engineering or computer science. Engineers should definitely think twice before they assume that they have an advantage when it comes to being an entrepreneur, no matter how great the product they’ve come up with is. The good news is that there are many great resources out there to help engineers make the transition to entrepreneurs. Krishna Uppuluuri’s book, ‘Engineer to Entrepreneur: The First Flight’ is a good start. The book identifies the main business perceptions most engineers have, along with providing a workbook approach to provide a quick start on various business lifecycle topics. Here’s what to keep in mind if you are considering making the transition from engineering to entrepreneurship. A Great Product Doesn’t Always Make a Great Entrepreneur: The old adage ‘if we built it, they will come’ tends to be a common misconception amongst engineers who are considering starting their own business to sell a product they developed. In reality, simply building a solution alone won’t magically make it connect with customers, manage the competition, or communicate the offering to the industry. Today, we’re definitely in an era of information overload. Selling and marketing skills are absolutely crucial to ensure your product takes off, no matter how awesome it is. Thinking that your product alone will act as a customer magnet is a dangerous mindset to have. So, before you make the leap from engineer to entrepreneur, it pays to develop some skills that you can use to put your product in front of the market, promote it, and connect with your target audience. How do you do this? Enroll in a relevant training program or degree: Online learning and online degree programs have made it easier than ever for you to gain the relevant skills you need before transitioning to entrepreneurship, without messing up your already busy schedule. If you want to keep things engineering-focussed then you can find degree programs that combine both engineering and management at Kettering University Online. Or you could opt for a learning program from Kettering University Online that walks you through the basics of business and building the skills necessary to become a successful entrepreneur. Network: As an engineer, you’re probably no stranger to networking; it’s just as crucial in this industry as it is in the business world. You probably already network to keep your engineering knowledge current and stay in the loop about new projects or job opportunities. Switch your networking focus to the business world and connect with people who can offer valuable advice and support. Even better if you can find a network of successful engineers turned entrepreneurs who you can learn from. Get a mentor: Business mentoring is a fantastic idea for anybody new to entrepreneurship, whether from an engineering background or not. Choose a mentor who is able to be honest with you and tell you how it is; you’re going to benefit a lot more from that compared to somebody who won’t stop you in your tracks when you’re on the brink of making a huge mistake. Don’t Rely On a Cool or New Idea to Sell Itself: Similar to the above, just because something is cool and...
read more

9 Habits of the Most Successful People

9 Habits of the Most Successful People
9 Habits of the Most Successful People Reading Everyday: Start by reading 15 pages everyday. Nah… not talking about juicy fictional stories but insightful non fictional books. Bill Gates claims to read an hour every night before falling asleep. An avid reader, Gates takes in inspiring biographies, history books and philosophical texts. Ariana Huffington is known to have banned all electronic items from her bedroom, instead keeping a stack of real books for bedtime reading. Visualization: Start with books like “Think and Grow Rich” by Napolean Hill, “How to Win Friends and Influence People” by Dale Carnegie and the likes of “Power of Positive Thinking” by Norman Vincent. Visualizing yourself in an elevated plane or level will help you achieve those dreams in a very short span of time. Because we become what we think! Prioritization Find the most important task for the day and start executing it first. Set a time limit on this goal and you will always end up doing more than what you expected to accomplish. Time bound operations create a sense of urgency which gets things done.   It’s not a race- don’t try to be the most efficient; try to be the most effective. Declutter your desk, your inbox, your task list and your life. Money Management Reading and learning about the greats in the industry gives you the necessary confidence to pull things in your favor. Go for great finance books like “Rich Dad Poor Dad”, by Robert.T. Kiyosaki, “The Millionaire Fastlane” , by MJ Demarco. Wake Up Early Set your alarm before 6’ oclock in the morning because to me early morning is the time when your brain can think clearly in terms of prioritization and planning. Wake up one hour early and gain 365 more productive hours. Waking up early means you have more time to do things without that rushed feeling that stresses us out. Goal Setting Set your goals in writing. Write everything down and follow through as planned. Those who set goals have proved to be front runners and earn twice as much on average as those who don’t. Exercise and Diet: Make sure you hit the gym every morning or get the recommended physical activity. Endorphin released during exercise can do wonders for your mind and body. Eat whatever you like but go for small portions. Networking Look for like minded people and influencers in your circle and join hands with them to improve your social ratings. Character Assessment Write down for yourself a certain set of rules you will live by that will lead to a successful life. Read these values first thing in the morning and live accordingly. Hope you enjoyed this article. Think of 10 things in your life that you are greatful about. Express your gratitude without fail because gratitude promotes happiness and...
read more

Management Skills for New Managers

Management Skills for New Managers

Managing people require a completely different skill set than managing tasks. The transition from being an individual contributor to someone responsible for the work of others and team performance results in a steep learning curve. Learn how to motivate, delegate, communicate and lead. Play to your strengths and improve on key weakness areas. With an emphasis on building high achieving teams, dealing with an increased workload and developing the influence, assertiveness and confidence necessary to be an effective manager or supervisor – this course will ensure you hit the ground running.

read more

Top 10 Qualities of Great Leaders

Top 10 Qualities of Great Leaders

Some are born leaders; some become leaders due to chance or situation- either way leaders have these peculiar qualities you would not see in a normal individual. Peter Drucker famously stated that when “management is doing things right, leadership is doing the right things.” Great leaders possess incredible social intelligence, a passion for change, and above all, vision that allows them to set their sights on the “things” that truly merit attention.

read more

In the Eyes of Leadership

In the Eyes of Leadership
What is Leadership The one who quickly diagnoses a problem, shoulders personal responsibility and makes the right decision can be called a true leader. He need not be rich, need not hold a big office, need not be numero uno – as simple as that. Understanding other people well is also a core leadership quality. If a person is late to work, a leader tries to unearth the cause of the problem; rather than looking for the worst in people they look for what’s best within them. Entrepreneurs have a set of leadership skills that make them a little different from every other worker bee. They choose to walk down the road less traveled by breaking away from corporate protocol and venturing out on their own, bucking trends and at times, even breaking the rules. “Success is actually a creative pursuit and a reflection of healthy self-esteem.” What will you do to be the leader that you are destined to be, today? Thinking outside the box and forging your own path requires agility. Being an agile leader refers to remaining flexible, growing from your own mistakes and rising above the wide array of challenges you face. “If you call a stumbling block a “problem” or a “big mess” you will create a different emotional state within you than if you call the issue “an opportunity” or a “challenege that will make me better.” “The most successful human beings are wildly focused. They have a very clear picture of what it is they want to create by the time they reach the end of their lives and then they have the discipline (and courage) to stick to their mission – saying “no” to everything that is not mission critical. Who made Success a Bad Word? “Too many people believe that playing their best game as a human being requires them to revolutionize their lives. And for most of us, that’s a scary thought.” We humans love to play within our comfort zones. Making changes to the way we think, feel and behave is next to impossible for us. What people fail to realize is that changes are to be welcomed because they are chances to improve our life quality. If you don’t adapt or go with the flow, you will definitely feel the heat when priorities start pushing you to the brink. “The best way to get to your greatness is through small, continuous steps-what I call the “1% Wins”. Agile leaders have a set of shared characteristics: being extroverted, taking charge and challenging the status quo. Basically, it’s people who have been described as “difficult to manage.” Being difficult doesn’t have to be a bad thing. It just means that certain people have their own way of doing things and are able to generate new ideas because they possess the ability to view issues from multiple angles. Simplify Then Focus Simplifying life and stripping away all that is unimportant can help you to achieve your dreams. Once you do your clean up, focus, focus, focus. You’ll be surprised how good you will then get at being great. “The best way to create spectacular results in the most important areas of your life is through daily practice.” “People who have achieved great success are not necessarily more skillful or intelligent than others. What separates them is their burning desire and thirst for knowledge. The more one knows, the more one achieves.” ~ Robin Sharma Curated from The 4 Abilities Required of Agile Leaders and Little Black Book for Stunning Success by Robin...
read more

« Previous Entries