Business – Page 3 – Josh OKELLO

Leadership, Management Dilemma (I)

Posted on March 5, 2014March 6, 2014 by Josh

By Okello Okello.

Should a manager lead? or should a leader manage? I am generally speaking about management, not specifics such as micro or macro management. Leadership is one of the tightest ropes to walk in life and the balance it needs is more than you can imagine. Most CEO’s in organizations always get mixed up by the myriads of roles that come simultaneously under their titles. This post is going to extract and display some of the greatest dilemma that most leaders go through knowingly and or unknowingly.

1. Power and Responsibility

Of cause leadership automatically puts you in power and most leaders always find it a challenge to differentiate power and responsibility. This is also where leaders start to use their responsibilities despotically and the result is always a devastated team. Leaders should know that they are in a delicate position and everything they do and say is keenly being monitored by those under him or her.

As a leader, first you should learn your responsibilities. Once again, learn your responsibilities before you exercise power over anybody. Know your limits, understand your people and know how much pressure you have to mount on your team otherwise you are bringing more harm to your team and to the organization.

2. Give Incentives

Every Good Worker Deserves Favour! Always reward your best performers and remember to discipline your non performers but remember to do it with love. Give them second chances and be polite especially when dealing with failures. It is not a must that the incentives must be in currency form but even thanking your team can mean much to them and can be a source of motivation to a lot of people.

Take your team out for lunch, order pizza online and celebrate victory, give your team a half a day break to show them that you are concerned and appreciate the quality of work they do.

3. Dealing with Failures

You are having angry customers who are unsatisfied by the work your team has done. You have called your team in a board room and they can read tension on your face. Their heart is racing and their faces can read that “At the end of this meeting, one person must be fired!” Dealing with failures is more like giving incentives only that instead of giving tangible rewards, you are going to educate your team instead.

Please remember that we are not equal. Some are more gifted than others and for them to make it to your company, they have shown some wisdom or strengths that you wanted to tap into. Therefore, avoid calling names and do not shout. Self control is more than important in this case. If someone fails, always remember to give them a second chance. Nothing inspires people like telling a failure that they can do it. Be ready to show them the way, that is why you are a leader and not just an employee.

You are dealing and handling someone else future, therefore take a lot of caution on what you say. Encourage them and never set your hands flying in disgust. Show love, motivate and encourage non performers in your company and if the same problem continues then shuffle your staff, maybe they are the right people in the wrong seats. Always remind them of their calling and educate them to be great performers.

4. Change Top-Down

It starts with you! Yes as a leader, you should be a role model to people not a scare-craw. Mind your language and treat people with respect. It does not cost a penny to pay respect yet it rewards more than the revenues you can earn. Simple rule, “The Golden Rule.” In “Our Lords Prayer,” there is a line that says “forgive our trespasses as we forgive those who trespasses against us,” This should be a leaders prayer at all times. Learn to forgive, and change your self before the team you are leading change for the better. And always remember that “True transformation only comes from God” (Unknown).

Please if you find this blog informative, share it on your social media, comment, follow, favorite and let other people learn from it too. That is the spirit of entrepreneurship. We are here to support each other. No one knows everything that is why we share, exchange and learn from one another. God bless you.

Entrepreneur Taxonomy

Posted on March 4, 2014March 6, 2014 by Josh

By Okello Okello

Taxonomy is the science of elucidating groups of biological organisms on the basis of shared facets and rendering nomenclature to those groups. In this post, I am going to classify entrepreneurs as a special group of species homo-sapiens-sapiens. This is not to say that entrepreneurs are of different species from any other human being but they hold distinctive characteristics that set them apart from all else.

Some have called them weirdo’s, they are always in their own world, they like to cause chaos, they can be authoritative, and never give up. Entrepreneurs like to go against the currents and are great risk takers. They have faith in their efforts but plan before they leap. Strategy is always their main tool, they slip but never fall even if they fail in a particular area, they understand that failure is part of success, but some of the unusual traits that most entrepreneurs share in common include;

1. Status Quo

Entrepreneurs delete these two words in their dictionary. They always go against currents and nothing can stop them from going for their vision. Once they set up their minds in achieving something, they will go for it even if there are tough barriers of entry. The ability to start a business is by itself against so many statistical facts. It is also good to point out that entrepreneurs who are value driven tend to perform better than the profit driven. Since there are no definitive features to qualify these people as specie of their own, this qualifies everybody to be a potential entrepreneur only that some differ at the degree of resilience and persistence.

2. Tenacity

This is the ability to grip something firmly for so long before you let go. Entrepreneurs can hold an idea for so long before they let it slip off their hands. Mostly they are never worried of time it takes before they see their dreams come true. Tenacity drives them in tough economic times and since they understand the sinusoidal market behavior, they can predict light at the end of the tunnel.

3. Self-Belief.

As the name suggest, to be an entrepreneur you must have self confidence and believe in your self before anybody else believes in you. “Whatever the mind of man can conceive and believe, it can achieve” (unknown). Most entrepreneurs believe in themselves and their potentials. After all, it is never wrong to try, if you are trying the right thing. “It is only when you hitch yourself to something greater than you that you realize your true potentials” (Barack Obama).

4. Duo-Contemplation

Duo-contemplation is a word that I coined after being in strategic management for over two years. It is the ability to match two contrasting ideas in preparation to any unforeseen occurrences. Most entrepreneurs do not have this mentality and the single line of thought makes it very hard for organizations to bounce back in the market in case of any contradicting happenings. Successful entrepreneurs never take one side of thought and ride with it, they look at all facades and calculate a tentative solution for both. This elevates their management skills at all times.

4. Design a Master Piece.

Leonardo daVinci is crowned for his master piece Monalisa, Michelangelo contender for the title of the archetypal Renaissance man, also rival of Italian Leonardo da Vinci is known for his master piece Pieta. In recent years, Martin Luther King junior was known for his phrase “I have a Dream,” Barack Obama was propelled to presidency of the United States of America by a simple phrase “Yes We Can.” These are master pieces that were crafted by the artists themselves. Successful entrepreneurs develop master pieces, things that make them standout and unique. These are also ideas that later down in history are considered to have revolutionized an age. As an entrepreneur develop your own master piece.

Entrepreneurs are few in numbers, though through technological advancements and a paradigm shift that has happened in the work force globally, there has been a rise in the number of people who start their own businesses. Question to you; Are you falling under the classification of entrepreneurs? Yes You Can!

The Business Falcons

Posted on February 25, 2014 by Josh

By Okello Okello

Falcons are a species of birds commonly referred to as Hawks. Hawks are characterized by sharp talons, large, curved bill and muscular legs. They use their sharp bill to bite and tear the pray and this makes them the best hunting birds ever known. Most entrepreneurs involuntarily act like falcons hence the title “Business Falcons.” So in what ways are entrepreneurs like falcons?

1. Vision.

Falcons have excellent eye sight, they can see up to 8 times further than human eyes sight. This helps with accuracy when sporting a pray. They can identify the difference between a rock and a mouse when they are over 100 feet in the sky. Visionary leaders also see opportunities that lie miles away from them. That is what drives them to take an action to either bring change or start something new. As an entrepreneur, always know what you are going for. Never pick stones when there is bread to go for. Be a falcon and reach for the best by zooming in and out your target pray.

2. Spot Different Colors.

Falcons have the ability to spot different colors. This is to give them a precise judgement and accuracy when identifying the pray. For right judgement of colors, hawks must then have an apriori information on different colors of pray they are going for. The ability to distinguish what an entrepreneur sees as a potential investment is a critical feature that all business leaders should have at all times. Entrepreneurs do not just see opportunities, they see opportunities that can benefit them. Like hawks, business leaders should be in a position to tell where there is a greater potential of returns on all their investment. Always go for colorful and lively places where you can get better profits and therefore strategize before you take a leap.

3. Swiftness

After a hawk has calculated the distance and time it takes to catch the pray, they can travel at a speed of 150 miles per hour through the air to their target. This swiftness reduces reaction time of the pray and creates a shocking impact when they land making their pray dazed and confused. Once a business leader has seen an opportunity, it is upon them to act swiftly and take advantage of it before anybody else find it. This is not to say that they should not allow competition, what I mean is once you have your competitive edge then always develop it to be ahead of everybody. Act swiftly and keep your rivals a daze at all times.

4. Be a Diurnal Leader.

Falcons are always proactive during day time. Even though most entrepreneurs work late, it is advisable to work during day time and have enough rest during night time. It is healthy and makes your brain work better and smarter. Avoid long nights as they reduce your productivity. So stop filling that coffee cup late in the evening and have a restful evening. Catch up with family and friends, relax and take notes.

5. Be opportunistic Feeder.

What this means is that falcons can feed on anything they come across, from frogs, squirrels, insects to rats. They try to expand their tastes on what they feed on. Entrepreneurs should also not narrow their views to only one line of product or service. Be adventurous, try new things. Mostly the first ideas never work and that is why it is good to try more than one idea. statistically, increasing your idea samples expands your probability of nailing the only one that will work. Come with ideas after the other and keep improving them until you get the one that works.

As an entrepreneur and a Not-for-Profit Organization director, I have tried more than 8 businesses from farming to music production, and only three of those that I started have worked. I am still hopeful and adventurous and work like a business falcon. If one never works, then I am certain that there is one out there that will work. If you are a start up, then my advise at this stage is to use as less capital as possible because you are still on trial and error stage. You do not want to lose a lot on your first attempts unless you are certain that you are going to gain it back.

Always remember to play like a falcon.

Please if you found this blog helpful, share it on your social media, follow, favorite and let other people learn from it too. That is the spirit of entrepreneurship. We are here to support each other. No one knows everything that is why we share, exchange and learn from one another. God bless you.