About Business Articles

Starting your own business is like climbing a ladder, one step at a time.

When I first started my own business, it wasn’t easy. But after much trial and error, and learning from other’s successes, I realized there are 7 basic principles or pillars toward achieving a successful business.

1. Starting – This may sound simple, but I’ve met many in my workshops and seminars who have had amazing ideas for a product or service or an improvement for a product. Later, I asked them how their idea was progressing only to discover they hadn’t applied the skills I taught them.

Passion without purpose is like trying to start a fire without wood or kindling. It’s good to be passionate about an idea, but gathering wood (searching for the right information) is necessary to start the flame.

2. Understanding – The need for information for an idea and that research necessary is the second pillar in achieving a wildly successful business. Things will go wrong. Thomas Edison discovered the secret to the electric light because he consistently pursued his dream with nearly 10,000 failed attempts. How did he manage to overcome all those bumps on his road to success? By surrounding himself with a winning team who were open to his call.

3. Communication – Speak up I can’t hear you! Shouted Graham Bell, inventor of the telephone, when he made the first call on March 10, 1876, to his assistant, Thomas Watson: “Mr. Watson–come here–I want to see you.”

Communicating your ideas and research to the people you know will support your idea is the third step toward your wildly successful business.

You’re going to say only so many words in this life-time of yours, why not share them with the right people? The worst thing that you can do is to share your dreams with people who wouldn’t loan you a nickel let alone their attention. Understand that your idea is valuable and so are is your time.

4. Consistency – Keep the faith in your idea and be consistent. The best way to achieve in business is by consistently going after what they believe in.

An idea is like a seed. It has the potential to grow but only if you nurture it daily. Constant research and development is how you’re wildly successful business will grow.

5. Expectation – Farmers plant who plant a row of corn, expect their harvest to be corn. Expecting anything else would be insane, right? Yet, people who sit on their idea and refuse to understand what it takes to launch a wildly successful business end up declaring to everyone who has ears that it didn’t work. If you expect something to work you must consistently work it out until you get the results you want. If you fail, try again.

6. Satisfaction – Success is a personal achievement. One man’s success is another man’s failure. You’ve researched your idea, built a great team of passionate people that consistently cheer you on and lend a helping hand when you fall. Now ask yourself, are you satisfied with the progress you’ve made? If you are not, go back and ask the five W’s.

Who can I speak to about this?

What new steps should I take in order to achieve more success in this area?

When is it most profitable to implement this?

Where can I find new information?

Why am I not satisfied?

***Asking How helps too.

7. Start Again – Your last step to a wildly successful business is start again.

Never pat yourself on the back so many times that your shoulders stoop from too much celebration. The result could spell ATROPHY to your business.

There is no big surprise that dangers are unavoidable in each project. Be that as it may, managing those risks wisely and deftly is a part of administration in every association, and is a center foundation regarding how an association is overseen at all levels. The way an association endeavors to alleviate or take out the component of risk; that might be common or synthetic; decides its extension for quality management.

In this regard, the International Organization for Standardization (ISO) has set down unequivocal rules for all associations as respects proficient risk management, under the benchmark ISO 31000. Recently, ISO has propelled the refreshed variant of this ISO certification in February 2018, the ISO 31000:2018.

#1. How is ISO 31000:2018 connected to ISO 9001: 2015 certification?

Here it merits saying that the productivity of quality management is controlled by its capacity of risk management.

A cited by Neil Armstrong,

“There can be no incredible achievement without risk.”

No enormous name in the area of quality productivity has been ever settled without overcoming of risks in different phases of process management. Following conceivable outcomes of danger consequently helps in contriving adequate techniques in decision them out. Furthermore, that is the way upgraded profitability is yielded at each stage, which is really the sole target behind ISO certification 9001.

#2. What are fundamental standards of risk management as under ISO 31000:2018?

According to the most recent rules of ISO 31000:2018, risk management is an extensive practice that should be executed in an efficient and coordinated route in view of the kind of risks.

#3. In what manner would this be able to approach be executed?

For this, an association first needs to distinguish the likely risks amid beginning periods of generation and recognize the components behind them, that might be human, characteristic or social. From that point it needs to embrace an altered approach, and devise a dynamic methodology for relief of those risks and guaranteeing consistent upgrade of QMS process.

#4. In what capacity can the authority assume its part in productive risk management?

The best level management can have its influence in handling the risks through after perspectives:

Proactive approach: Its extremely basic to go about as an astute chief and directing in a Proactive as opposed to receptive way. Acting responsively as opposed to enjoying habitual pettiness really gives intense direction to the officials and subordinates to assume their part more adequately.

Comprehensive participation:Although departments of each office in an association are independently characterized, in the event of any experience with a risk, every one of them should accept the accountability to handle and dispose of it. Every one of the officials must take a proactive position on moderating the risk and guaranteeing coordinated risk management. This will help in strong fundamental leadership over all levels of the association.

Adaptability: It must be conceived as a primary concern that risk management isn’t an unbending idea. The space of quality management is very broad and enhanced, so is the domain of risk management. Similarly as to actualize the essence of ISO 9001 certification, the business needs to take into account requests of assorted demographic, there are distinctive procedures for various kinds of risks, and there’s no straitjacket answer for handling every one of the risks. The association needs to receive modified approach for better risk management.

These are a couple of takeaways for powerful risk management in an association.