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Ideas for Impact

Nagesh Belludi

Inspirational Quotations #997

May 14, 2023 By Nagesh Belludi

Her new bark is worse than ten times her old bite.
—James Russell Lowell (American Poet, Critic)

If a snake bites your neighbor, you too are in danger.
—African Proverb

The only practical way yet discovered by the world for curing its ills is to forget about them.
—Ben Hecht (American Screenwriter)

The essence of romantic love is that wonderful beginning, after which sadness and impossibility may become the rule.
—Anita Brookner (English Novelist, Art Historian)

Whenever you feel ‘short’ or in ‘need’ of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, friendship. I know it is often the last thing a person may want to do, but it has always worked for me. I just trust that the principle of reciprocity is true, and I give what I want.
—Robert Kiyosaki (American Businessperson)

The bees can abide no drones amongst them; but as soon as they begin to be idle, they kill them.
—Plato (Ancient Greek Philosopher)

Don’t be a slave to style. Don’t take more from the world than you’re willing to give back. And learn to undo the perceptions—so heavily promoted by the media—that shopping is a form of therapy and that a purchase is nothing but a victory or a gain.
—Thanissaro Bhikkhu (American Buddhist Monk)

Just understand your mind: how it works, how attachment and desire arise, how ignorance arises, where emotions come from. It is sufficient to know the nature of all that; just that gives so much happiness and peace.
—Lama Thubten Yeshe (Tibetan Buddhist Teacher)

Strength just comes in one brand – you. Stand up at sunrise and meet what they send you and keep your hair combed.
—Reynolds Price (American Novelist)

If you don’t get a kick out of the job you’re doing you’d better hunt for another one.
—Samuel M. Vauclain (American Industrialist)

Who is so deafe or so blinde as is hee that wilfully will neither heare nor see?
—John Heywood

A man is well equipped for all the real necessities of life if he trusts his senses, and so cultivates them that they remain worthy of being trusted.
—Johann Wolfgang von Goethe (German Poet)

Filed Under: Inspirational Quotations

Don’t Outsource a Strategic Component of Your Business

May 11, 2023 By Nagesh Belludi Leave a Comment

Warby Parker Business Plan: To disrupt a high-profit margin industry by taking out the intermediary

The prescription eyeglasses retailer Warby Parker was launched by four drinking buddies at the Wharton School of the University of Pennsylvania. The founders intended to disrupt a high-profit margin industry by taking out the intermediary.

Selling prescription eyeglasses online (Warby Parker mostly sells via brick-and-mortar today) would also defy skeptics who preferred to see certain things—shoes, diamond rings, cars—in person and were disinclined to get them online. Warby Parker’s incumbent competitors, 39DollarGlasses.com and EyeBuyDirect.com, had sloppy websites. A crucial part of Warby Parker’s startup plan was to start a user-friendly website where shoppers could upload a photograph of themselves and try on glasses virtually.

At first, the founders outsourced the website, resulting in disastrous consequences. In an interview with Fortune magazine (1-Jun-2019,) co-founder & co-CEO David Gilboa reflected on the pitfalls of outsourcing critical business components:

None of us [the founders] was qualified to build the website, so we solicited proposals and got a handful of bids from agencies. We chose the cheapest option, but a few months in, we realized it was a mistake. Their execution wasn’t what they promised. So we ended up firing them.

Now we develop most of the technology we use in-house to ensure we maintain as much control over the customer experience as possible. We’ve developed our website and both of our apps internally.

Idea for Impact: Don’t outsource what you’re supposed to do best.

Warby Parker Startup Lessons Outsourcing a core function may give you a short-term uplift, but you’ll fail to create the core expertise within your company. That’s necessary to build a sustainable competitive advantage. The vendor just isn’t as invested in your success.

Building know-how internally is more challenging, but it’ll pay off in the long run. Sure, you may need to tap an outsourced hire for specialized expertise that you lack. But concentrate on developing your core functions in-house. In fact, be as micro-managey as possible in the early days.

Leverage outside help for bookkeeping, legal, and everything else that doesn’t generate a competitive advantage.

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Filed Under: Business Stories, Mental Models, The Great Innovators Tagged With: Creativity, Delegation, Entrepreneurs, Innovation, Leadership Lessons, Problem Solving

New Job Anxiety is Normal

May 8, 2023 By Nagesh Belludi Leave a Comment

New Job Anxiety is Normal

When you step into a new position, you’ll feel you’ve bitten off more than you can chew. Many responsibilities of the job will be out of your comfort zone. Feeling confident in performing your duties may take several months. You’ll sense you have more work than ever, which will be overwhelming. Feeling like an impostor and regretting leaving your former position is natural.

Sure, the brutal reality is that new hires have less time than ever to prove their worth, and you’ll be expected to show results almost from day one. Be patient with yourself and transparent with others while you’re still finding your feet. You’ll go through four stages of progression in a new role:

  1. Unconscious Incompetence: You won’t know what you don’t know, and you’ll feel functionally useless
  2. Conscious Incompetence: You’ll know what you don’t know and what you’ll learn
  3. Conscious Competence: You’ll know your job but have to work hard at doing it correctly
  4. Unconscious Competence: You’ll know your job and can do it on autopilot.

Changing any job, even within a company, is a slow process. Keep a low profile, spend most of your time listening, building a network, cultivating essential relationships, and strategizing your case for change. Work out who within the company is respected and who knows what they’re talking about as quickly as you can—they’re the ones you’ll learn from. Identify where you fall short and who can fill the gaps.

Idea for Impact: Don’t try to do everything right away. As you develop a roadmap for your organization, focus on building the connections to help you thrive. Understanding who must be won over to your point of view is vital for managing the change process.

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  5. Don’t Use Personality Assessments to Sort the Talented from the Less Talented

Filed Under: Career Development, Sharpening Your Skills Tagged With: Career Planning, Job Transitions, Leadership, Winning on the Job

Inspirational Quotations #996

May 7, 2023 By Nagesh Belludi

They are able because they think they are able.
—Virgil (Roman Poet)

The difference between guilt and shame is very clear—in theory. We feel guilty for what we do. We feel shame for what we are.
—Lewis B. Smedes (American Christian Theologian)

For those who immerse themselves in what the fairy tale has to communicate, it becomes a deep, quiet pool which at first seems to reflect only our own image; but behind it we soon discover the inner turmoils of our soul – its depth, and ways to gain peace within ourselves and with the world, which is the reward of our struggles.
—Bruno Bettelheim (Austrian-born Psychoanalyst)

If a poor person envies a rich person, he is no better than the rich person.
—Leo Tolstoy (Russian Novelist)

Charity is a calm, severe duty; it must be intellectual, to be advantageous. It is a strange mistake that it should ever be considered a merit; its fulfilment is only what we owe to each other, and is a debt never paid to its full extent.
—Letitia Elizabeth Landon (English Poet, Novelist)

Love doesn’t conquer everything. And whoever thinks it does is a fool.
—Donna Tartt (American Novelist)

Husbands are like fires. They go out when unattended.
—Zsa Zsa Gabor (Hungarian-born Film Actress)

All’s not offence that indiscretion finds.
—William Shakespeare (British Playwright)

Everything that is done in the world is done by hope. No merchant or tradesman would set himself to work if he did not hope to reap benefit thereby.
—Martin Luther (German Protestant Theologian)

Accuracy is the twin brother of honesty; inaccuracy, of dishonesty.
—Charles Simmons (American Editor, Novelist)

Prejudice is the child of ignorance.
—William Hazlitt (English Essayist)

Children find everything in nothing, men find nothing in everything.
—Giacomo Leopardi (Italian Poet)

Globalization is a bottom-up phenomenon with all actions initiated by millions of individuals, the sum total of which is “globalization.” No one is in charge, and no one can anticipate what the sum of all the individual initiatives will be before the result manifest. A global economy can only be the result of “spontaneous order.”
—John Naisbitt (American Trend Analyst)

Filed Under: Inspirational Quotations

How to … Change Your Life When Nothing Seems to be Going Your Way

May 4, 2023 By Nagesh Belludi Leave a Comment

Stay Positive When Nothing Is Going Your Way

Recollect what it means to be human: we go through ups, downs, shortcomings, triumphs, losses, confidence, and apprehensions are all just a part of life. While unpleasant, failure is also a common and essential element of life. Bearing failure with equanimity is more likely to help you find success and get what you want.

Next, think about something that’s challenged you in the past and consider how you’re better off for having been through that experience. When you acknowledge you’ve overcome setbacks before, you can recognize that you can—and will—weather this one, too.

Ponder about whatever challenges you presently and see if you can reframe it. Try to perceive it as an opportunity for growth and consider what gifts could come from this experience. Visualizing successful outcomes is the best way to reset or repurpose your goals.

Idea for Impact: Developing resiliency isn’t easy, but excessive rumination and dwelling on past failures for longer than necessary will keep you stuck. When things aren’t going your way, challenge yourself to find any upsides, no matter how small. Find the good in the less-than-ideal. You’re more likely to get unstuck by trying a low-risk baby step forward.

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Filed Under: Living the Good Life, Mental Models, Sharpening Your Skills Tagged With: Adversity, Attitudes, Discipline, Emotions, Mental Models, Motivation, Resilience, Success, Wisdom

Tidy Up in a Snap: Harnessing the Power of 3-Minute Chores

May 1, 2023 By Nagesh Belludi Leave a Comment

Three-Minute Chores to Help You Focus

The root cause of clutter is often procrastination when it comes to making decisions, even small ones. For instance, choosing to toss your keys and wallet in random places instead of setting them in the same spot each time you arrive home. Neglecting to hang your coats or putting away your tennis racquet can also contribute to the problem.

Many of us tend to ignore household chores until the mess becomes overwhelming. But even if you feel like you can’t tackle the entire house, committing to just three minutes of tidying up can make a huge difference in the appearance of your home. This small amount of time can be incredibly valuable if you use it intentionally.

Here’s a hack to help you get started:

  1. Recognize the power of three minutes.
  2. Set a timer for three minutes and choose an area to focus on until the timer goes off.
  3. Confront the mess and clean it up.

You’ll be surprised at how much more orderly your home will look in just three minutes. Making your bed, picking up clothes from the floordrobe and the chairdrobe, stowing away shoes, unloading the dishwasher, vacuuming one room, or taking the recyclables to the car trunk are all simple tasks that can transform your living space. By repeating these tiny time investments throughout the day, you’ll see a significant change in the overall cleanliness of your home.

Idea for Impact: As you begin tidying up even a small portion of cluttered areas, you’ll notice momentum starting to build. Before long, you may find yourself actively seeking out additional spaces to tidy. Within a matter of days, it becomes clear that letting things go unchecked is what led to being overwhelmed by clutter in the first place. This sense of progress can be incredibly motivating, making it more likely that you’ll stick to your new habits and achieve success in your efforts. In an ideal world, we would all adopt the mindset of cleaning up as we go.

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Filed Under: Living the Good Life, Sharpening Your Skills Tagged With: Clutter, Discipline, Motivation, Procrastination, Productivity, Tardiness

Inspirational Quotations #995

April 30, 2023 By Nagesh Belludi

A man sooner or later discovers that he is the master-gardener of his soul, the director of his life.
—James Allen (British Self-Help Author)

An unquestioned mind is the world of suffering.
—Byron Katie (American Speaker)

Of course, the liar often imagines that he does no harm as long as his lies go undetected. But the one lied to almost never shares this view. The moment we consider our dishonesty from the point of view of those we lie to, we recognize that we would feel betrayed if the roles were reversed.
—Sam Harris (American Neuroscientist, Atheist, Author)

A symphonic conductor should reconcile himself to the realization that, regardless of his approach or temperament, the eventual result is the same — the orchestra will hate him.
—Oscar Levant (American Musician)

There are those who say that when civilization progresses a bit further transportation facilities will move into the skies and under the ground, and that our streets will again be quiet, but I know perfectly well that when that day comes some new device for torturing the old will be invented.
—Tanizaki Jun’ichiro (Japanese Novelist)

Who is rich? He that rejoices in his Portion.
—Benjamin Franklin (American Founding Father, Inventor)

The shy man does have some slight revenge upon society for the torture it inflicts upon him. He is able, to a certain extent, to communicate his misery. He frightens other people as much as they frighten him. He acts like a damper upon the whole room, and the most jovial spirits become, in his presence, depressed and nervous.
—Jerome K. Jerome (English Humorist, Novelist)

The first step to knowledge is to know that we are ignorant.
—Richard Cecil

Of a great spirit is moderation in prosperity.
—Seneca the Elder (Marcus Annaeus Seneca) (Roman Rhetorician)

When death finally comes, you will welcome it like an old friend, aware of how dreamlike and impermanent the whole phenomenal world really is.
—Dilgo Khyentse Rinpoche (Tibetan Buddhist Teacher)

Knowledge humanizes mankind, and reason inclines to mildness, but prejudices eradicate every tender disposition.
—Montesquieu (French Political Philosopher)

Filed Under: Inspirational Quotations

How To Expand Your Construction Business from Small to Medium

April 29, 2023 By Nagesh Belludi Leave a Comment

As one of the most influential industries in the United States, scaling your construction business from small to medium can be challenging. Whether you’re just starting up or have been in the industry for many years, growing your construction business requires strategic planning and execution to succeed in this wildly competitive industry.

To successfully grow your construction business, you must ensure that you have the resources to handle the expansion and the onslaught of work that comes with it. Not only does this include increasing capital, but it’s also about creating a solid reputation for your organization, creating growth opportunities for your employees, scaling your operations, and much more.

Fortunately, there are many ways that you can convert your construction firm from a small to a medium enterprise, from investing in your business and increasing your marketing efforts to building an excellent team and proactively seeking out new opportunities. But how can you kickstart your growth efforts?

Whether you’re a budding entrepreneur looking to dip your toes into the construction industry or a business owner looking to scale up your existing construction firm, we explore several hands-on approaches owners can take to scale their construction business to the next level and achieve long-term success in our article below.

Build An Excellent Team

In today’s business climate, it doesn’t matter if you’re the best at what you do; if you don’t have an equally as good team surrounding you,your construction business will struggle to gain traction. Teamwork is essential for a company’s long-term success and bottom line since everyone possesses different skills, gifts, and talents, which, when added to the mixing pot, achieve a common goal, and give companies a competitive advantage.

However, when done correctly, teamwork can provide many more benefits for expanding businesses, such as better problem-solving skills, increased morale among staff members, more personal growth opportunities, increased productivity, and much more. Yet, you can only hope to reap these benefits by retaining your top talent; therefore, it is also essential for expanding construction companies to promote/reward their staff to reduce employee turnover.

Nowadays, employees need much more than an ample paycheck to stay with a company; some of the most popular methods of employee retention are as follows:

  • Provide flexible working opportunities.
  • Offer a competitive salary or hourly wages.
  • Create a nurturing environment that encourages personal/professional development.
  • Provide other job perks, like discounts on cell phone providers, or gym memberships.
  • Recognize and reward your highest-performing employees.
  • Encourage a work/life balance and much more.

Invest In Your Business

To expand your construction business from a small to a medium organization, you must spend money to make money. Whether you’re looking to launch a new advertising campaign, refurbish your facilities, develop a new product, or scale your operations, it is essential that you invest in your business so that you can run your business more smoothly and stay ahead of your competitors.

There are many ways that construction businesses can invest in their operations, including purchasing new equipment when needed, enlisting the services of a business coach, outsourcing business tasks to third parties, experimenting with different marketing tactics, providing training for employees, and much more.

Over the recent years, replacing outdated construction tech with modern platforms and software has become one of the most popular self-investments for construction firms. If you want your business to remain relevant and ahead of the competition, continuously updating the technology that enables your systems and processes is essential for growth, communication, and much more.

If your construction business specializes in road, tunnel, or highway construction, invest in a platform that enables your company to leverage data intelligence, collaborate with team members in real-time, and improve project performance, like the construction management software from Kahua.

Whether you’re looking to protect project/program data or manage multiple funding sources quickly, consider visiting their website to learn how investing in their construction management software could help your road, highway, or tunnel construction business expand today.

Increase Your Marketing Efforts

As one of the most affluent industries in the United States, it is no surprise that the construction industry is highly competitive. This is why; if you want to scale the operations of your construction firm, you need to increase your marketing efforts to ensure you book jobs faster than your competitors. But how can your construction business stand out in a business culture that relies heavily on digitalization instead of traditional marketing tactics?

Fortunately, many marketing strategies can keep your construction business ahead of your competitors and increase your promotion efforts. From using popular social media platforms like Instagram, TikTok, and Facebook, to market your services and including your staff in your marketing campaigns to setting up Google ads and ensuring that your business’s contact information is easily accessible, there are many ways to improve your construction firm’s marketing strategy.

Experimenting with different marketing tactics is essential for scaling your operations. It makes existing/potential customers aware of your services/products, enables them to see what sets your business apart from others, aids them in the buying process, and much more. Ultimately marketing is essential for keeping your firm ahead of the game and maximizing return on investment (ROI), so your organization must take advantage.

Be Proactive In Your Approach To Finding More Work

In an ideal business world, you and your team could sit back with your feet up while customers and new job opportunities fall into your lap. However, as hard as we might wish for this to be the case, it’s not, and businesses must be proactive in their approach to finding new leads. Whether your construction firm receives a steady workflow, or you are peering at the calendar wondering when your next job will be booked, it is essential to have a continuous pipeline of work filing your books.

Fortunately, there are many ways that you and your team can be proactive in your approach to filling your work calendar. Some of the best ways to generate more work include sending out emails to existing customers with your current offers, managing your business’s online presence using Google My Business, posting across your company’s social media platforms, partnering with other local trade businesses, and much more.

One of the best ways your construction firm can generate more leads is by attending local networking groups. Unless you’re a super confident business person, introducing yourself to a room full of local professionals might not seem appealing; however, networking is highly beneficial for your business and can provide many benefits from connecting you with likeminded professionals and allowing you to share ideas to finding new job opportunities and developing new skills.

Provide Excellent Customer Service

One of your main priorities as a business should be pleasing your customers. While this doesn’t mean being a complete pushover, it means delivering services/products/experiences that will make them want to do repeat business with you. On the other hand, if your customer service is utter garbage, you can guarantee that those who have had a negative experience will spread the word, and you’ll lose existing and potential customers over it.

However, so long as you and your team know your product, use creative problem-solving methods, maintain a positive attitude, respond efficiently, and actively listen whenever faced with a customer problem, you’ll foster an excellent customer service experience that’ll prompt people to spread the word about your services and in turn help you grow as a company.

Filed Under: Inspirational Quotations

4 Ways To Increase The Profitability Of A Small Business: A Simple Guide

April 28, 2023 By Nagesh Belludi Leave a Comment

If you are running a small business, profitability should be one of your primary focuses—after all, it’s what pays your salary!Put simply, if your company cannot consistently turn a profit, it will not be able to survive or compete with other businesses in its niche. Currently, the cost-of-living crisis is affecting small businesses significantly, so you need to make sure you adapt to get as much income as possible.

While investment in your company is vital for its growth, constantly burning cash without a robust plan for how you intend to replenish the coffers is a recipe for disaster. So, here are some tips to increase the profitability of your business and maximise its chances of success.

Consider Joining An Established Franchise

Building a name for your small business from scratch can be a time-consuming and challenging task, so you might want to consider making the most of an established brand.

Joining a franchise means getting help from experts in your niche and being part of a named brand that can help drive your business forward. Learn more about franchise oppourtunities from directories like Franchise Local to find one that will suit your customers and help you achieve your goals.

Expand Your Customer Base

One of the best ways to increase the profitability of a small business is, unsurprisingly, to sell more. While selling to existing customers and retaining their allegiance to your company is vital for any company, finding new clientele can help you grow rapidly.

Advertising is perhaps the most obvious way that you can find new customers. Digital marketing, radio, or TV advertising are powerful ways to spread the word about your company. To facilitate a successful marketing campaign, you must understand your target audience. Market research will allow you to tailor the content you distribute to those most likely to buy your products and services.

Increase the Size of Orders

As mentioned above, you should avoid sacrificing the needs of your existing customer base in an attempt to attract new clients. In fact, developing a strategy to increase the average size of orders made by current customers is an effective way of increasing your company’s overall profitability.

As a business owner, you should attempt to upsell other products or services to existing customers to increase the average order size and value. When upselling, it is essential to explain to customers why they may want to buy a more expensive product. To do this, you could describe how it would make things better or easier than if they were to choose a less expensive model.

Offer More Products and Services

If your business already shows some signs of success and has the resources for growth at its disposal, consider adding products or services to your roster and finding innovative ways to introduce them to your clientele.

Increasing the number of products that you sell to customers is an excellent way to increase order sizes and their value. Additionally, new offerings will undoubtedly make your company a more attractive entity for new customers.

Before taking the plunge and offering an entirely new product line, it is essential to conduct in-depth market research. It is essential to consider what the margins will be for any product you plan to release. Maximising profit margins for any new things you intend to sell is critical to ensure your business remains profitable in the future.

Conclusion

In summary, it is vital to develop strategies to enhance a company’s profitability as it grows. Without maximising profit margins, the volume of sales and the uptake of new customers, your company will have a significantly reduced chance of succeeding. A robust business plan is essential for this. It will allow you to identify your company’s goals and decide on what metrics are best to track your progress.

Filed Under: Inspirational Quotations

Maximize Your Chance Possibilities & Get Lucky

April 27, 2023 By Nagesh Belludi Leave a Comment

'Luck Factor' by Richard Wiseman (ISBN 0786869143) British psychologist Richard Wiseman’s Luck Factor (2003) explores what makes some people lucky and others unlucky.

Being lucky is a mindset to bring to life. Lucky people maximize their chances of creating and noticing a lucky opportunity. They listen to their intuition when they get an opportunistic hunch.

The book’s core premise is whether you’re generally lucky or unlucky depends on your attitude—an optimistic mindset is a self-fulfilling prophecy, indeed. Lucky people expect good fortune; they expect good things to happen in their life. When they do have a run of bad luck, they adopt a resilient attitude and somehow turn that into good luck.

Idea for Impact: Lucky people aren’t lucky by sheer accident. To maximize your chances of getting lucky, get more opportunities and feel luckier. Get out there more often, produce more work, and talk to more people. Be open to the world and ready for new opportunities.

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Filed Under: Mental Models, Sharpening Your Skills Tagged With: Attitudes, Biases, Books for Impact, Creativity, Luck, Risk, Thinking Tools

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About: Nagesh Belludi [hire] is a St. Petersburg, Florida-based freethinker, investor, and leadership coach. He specializes in helping executives and companies ensure that the overall quality of their decision-making benefits isn’t compromised by a lack of a big-picture understanding.

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Unless otherwise stated in the individual document, the works above are © Nagesh Belludi under a Creative Commons BY-NC-ND license. You may quote, copy and share them freely, as long as you link back to RightAttitudes.com, don't make money with them, and don't modify the content. Enjoy!