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7 Tips for Small Businesses During Times of Crisis. Podcast by Dr Prem Jagyasi.

Business Tips by Dr Prem, Updates about Dr Prem and DrPrem.com

Are you struggling to run your small business or professional services because of lockdown? Here is my podcast with 7 simple yet incredible suggestions to help you get going.

Listen to complete podcast here

1. BE OPEN AND SUPPORTIVE TO EMPLOYEES – Remember your employees are your biggest asset, not your buildings, equipment, office space. Take care of them, make sure they are comfortable. If they could work, motivate them and support them to work from comfortable environment with easy reporting. Give them freedom and keep them stress free.

2. STAY CONNECTED WITH CUSTOMERS – Lockdown only means you can’t go out, it never means you can’t reach out to your customer, remain connected with your customer/clients, or ask them what they might need during this time. You can always carry out more analytical tasks like research, learning, strategy development, relationship building, and also, learning a thing or two about getting assistance from a corporate lawyer for a better corporate structure within your organization.

3. ADAPT YOUR BUSINESS – GO VIRTUAL – Which is the biggest smart collaborative application being downloaded right now? It’s actually a webinar app, because companies, schools and authorities all are going virtual. It’s right time for you to adopt these new technologies.

4. WORK WITH YOUR COMPETITION – This is perfect time to forget about competition and embrace coopetition? Coopetition is the act of cooperation between competing companies; businesses that engage in both competition and cooperation are said to be in coopetition. How about jointly dong some activity to keep market active, keep industry motivated. This is not a time for competition.

5. BUSINESSES ARE LONG TERM, CRISES SHORT TERM – Remember we have gone through this, crises have been here previously as well. I have personally witnessed 2008 recession, we weathered it, and we will weather this one as well. Important for you is to understand that business are built on long term sustainable strategy. Use tactics to achieve short term objectives but don’t change your long term strategy

6. CONNECT WITH EXPERTS, JOIN TRAINING, LIST YOUR SERVICES – This is perfect time to connect with experts. For instance, with all my travels being on halt, I am now more available to share my views/opinion with industry colleagues, and reach out to industry experts. Also it’s perfect time to engage yourself and team in training program. Many companies like us are offering free courses. We have 100+ courses available for you absolutely free – check our training website in comments. Also this is perfect time to list your business in online directories.

7. BE ACTIVE – This is the time where you surely slowdown and look at things from short term perspective; but don’t sleep whole time, don’t go in bunker, as you need to remain active. Be active professionally, think about activities that you were not able to do for your businesses.

Let’s do it together. Working together always works.

April 6, 2020/by Dr Prem Jagyasi and Team

Developing Lean Culture by Dr Prem | DrPrem.com

Opinion and Views

Developing Lean Culture by Dr Prem | DrPrem.com from Dr Prem | DrPrem.com

January 5, 2016/by Dr Prem Jagyasi and Team (MJ)

Leadership and success are not exclusive prerogatives of extroverts

Dr Prem on Leadership

Leadership implies immersive action, clarity of thoughts, the zeal to succeed, and highly effective managerial skills. Alternatively, those who always remain lost in their thoughts (constructive or meaningless) during all of their waking hours cannot deliver the way they are supposed to; instead, they waste their energies and imagination on things, which they could have easily achieved, had they been a little proactive and bold in their actions. Read more

September 2, 2014/by Dr Prem Jagyasi and Team (C)

Leaders Need to Develop a Strong Core to Reach their Goals

Dr Prem on Leadership

If your health is not good due to lack of sleep or diet and it starts to affect your performance then you will have problems competing in entrepreneurial race. If you want to stay in the competition then you need to be physically fit. Physical fitness has a major role to play in your personal success and if you want to prosper in your business then you will have to develop your inner core.

August 9, 2014/by Dr Prem Jagyasi and Team (C)

Qualities that Can Transform Normal Person into Leaders

Dr Prem on Leadership

Often people try to manipulate us, be it in the form of different advertising messages or politics within the organization. However, if we look at good leaders then we find that they are not manipulators but persuaders. It is also important to know the basic difference between manipulation and persuasion and in the following section; we will look at it in closer detail.

August 4, 2014/by Dr Prem Jagyasi and Team (C)

Qualities that make a real leader

Dr Prem on Leadership

John Quincy Adams said, “If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” How correct he was for real leaders are not self-proclaimed; however, they become leaders through their actions, determination and dedication. In other words, leaders are not born, they are made.

July 27, 2014/by Dr Prem Jagyasi and Team (C)

Thought Leadership and its role in future

Dr Prem on Leadership

Ever since Joel Kurtzman first coined the term “thought leadership,” it has been used to refer different meanings. While some think thought leaders to be a specialized businessperson in a particular field with innovative ideas and talent of bringing them into reality, others believe it to be the process of building a relationship with customers by offering them valuable services that make you stand out, different from what others do. This just does not mean only to sell your product but to sell it the beast way. Read more

July 2, 2014/by Dr Prem Jagyasi and Team (C)

Key qualities needed for effective leadership and personal credibility in organizations

Dr Prem on Leadership

Written by Kouzes and Posner, the book ‘The Leadership Challenge’ describes five must needed qualities for a leadership to be effective in an organization. These qualities include modeling the way, inspiring a shared vision, challenging the process, enabling others to act, and encouraging the heart. Read more

June 24, 2014/by Dr Prem Jagyasi and Team (C)

Startup Leadership – Learning the Basics

Dr Prem on Leadership

How do you lead a startup? Would you want to be an authoritative power your peers look up to for advice and decisions? Or would you want to be someone they can easily approach as well as hang around with after office hours? What would be the best option for you? Read more

June 14, 2014/by Dr Prem Jagyasi and Team (C)

Types of leaders

Opinion and Views

A leader: the traits that make him who he is

A leader is a person who leads; this definition is probably the most basic one and everyone is aware of it. However not everyone is aware of the different roles a single leader has to play for his team. A leader is a person who is responsible for the failures and the success of the team of individuals he is responsible for. A successful leader needs to have a bunch of qualities that actually make him successful. One of them is integrity and the other one is good communication skills. The others include his ability to motivate and inspire the people around him plus his capability to take decisions

Different kinds of leaders

There are many kinds of leaders and some of them are listed below:

The enforcer: These kinds of leaders work with a positive set of mind and make sure that the set objectives are accomplished no matter what. Integrity is one of their strong points and they firmly stand by what they think is right. Commitment is also their many qualities and they stick to their job for a long time.
The deal maker: these kinds of leaders have excitement in abundance and that is why they serve as magnets for most people. They like the idea of experimenting with new things and usually think out of the box. They have a lot of energy and that is what makes them to look for change wherever possible.
The visionary: the leaders that fall in this category inspire a lot of people but they rarely show them the way to that greatness. Few people are actually able to bring themselves to follow these leaders.
The serial entrepreneur: imagination is one of their many strong points and they also have good calculation skills. These kinds of leaders are full of energy and are totally committed to their work. These leaders are capable of accomplishing the targets that will seem impossible to get to most people.

Now you can understand that a leader has to play many roles and he is always responsible towards the people who follow him. A good leader takes his followers with him to the right path that always leads to success. There are many qualities that can help you to identify between a good and a bad leader.

December 16, 2013/by Dr Prem Jagyasi and Team

The role of the leader

Opinion and Views

Leader: a man with many responsibilities

A leader essays many roles and he addresses to a lot of different people. The leader has to keep the primary vision in his mind and serve to people of different view points. A leader must inspire and encourage the people following him and serve as an example for them. The people following the leader have high expectations from him which put a heavy responsibility on him. Among the many roles a leader has to portray here are some for the information.

Four roles of a leader

Communicator: this is one of the most vital roles of a leader. A good leader adopts more than one method of communication with clients and his other audiences. The communication skills of a leader have to be sharp so that he is able to convey the message to one and all. The leaders who know success tend to develop their very own communication methods which are honest, fair and that fit in different sort of situations.
Decision maker: this responsibility too falls on the shoulders of the leader as he is the head of the team. The ability to take effective decisions requires the skill to analyze the details available. The final decision has to be one that serves beneficial for the organization in the long run. A leader has to value every opinion that comes his way and make a decision based on his analytical skills.
Image builder: a leader is an inspiration in many ways for the people who follow his lead. They see him as an example of professionalism and therefore he has to live up to his image. He must be supportive, highly professional and fairness must be one of his many attributes. All these qualities are required in a successful leader as then only can he build a good image in front of the people who look up to him.
Team builder: team building is one of the many responsibilities of a leader and the effective the team the better he serves his role as a team builder. What are the requisites of an effective team? A successful team is informed about every detail and development that takes place in the organization. They are aware of any update that takes place and they also know that how can it affect them. The team needs to be groomed by the leader and this is one of the vital roles played by him.

December 13, 2013/by Dr Prem Jagyasi and Team

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