A blog about Business, Entrepreneurship, Sales, Self Improvement, and other interesting things

Tuesday, February 27, 2007

Advice from Sir Richard Branson, Founder of Virgin Group

If you've heard Virgin Mobile, Virgin interactive, Virgin Atlantic Airline, Virgin "everything" , you're not alone. The exciting, unique and consistent Virgin Brand has crossed our everyday lives for quite a long time. this is due to the characteristics of the company and its founder. Virgin group is a large business conglomerate that owns some 350 companies across the globe, with a combined $8Billion dollars in sales.

It's founder, Richard Branson, whom was promoted into knighthood by the queen of England a few years back, was a very eccentric man. What made him unique in the world of entrepreneurship is that he has the sheer drive to succeed, but also in the same time to have fun doing it. He has built Virgin from the ground up into a world powerhouse.
Richard Branson's business style has defied many conventional business wisdom that at the time was considered absurd. Here are a few quotes from him taken from the April 2005'S Issue of Inc. Magazine.

  1. "The world is a massively more hospitable place for entrepreneurs than it was 20 years ago. In most industries it is virtually possible to think of the world as one country. All our expansion plans are overseas:China, India... We're really not interested in a new thing unless it can become global."
  2. "Even the smallest, youngest companies should not be frightened to go overseas. The opportunities in the world are immense--China has a growth rate of 9% to 10% a year, and you should go there and participate in it and enjoy it. Enjoy it."
  3. "Lavish praise on people and people will flourish; criticize people and they'll shrivel up."
  4. "Give people a second chance if they screw up. Even people who have stolen from us have become, when given a second chance, incredibly loyal and valued employees. I don't know where I'd be if I hadn't been given second chances."
  5. "If you can run one business well you can run any business. There just needs to be a crying-out need for you to enter the marketplace. The time to go into a business is when it's abysmally run by other people."
  6. "Most of our businesses do succeed, but if something completely fails, then as long as we bow out gracefully and pay off all of our debts, and nobody gets hurt, then I don't think people disrespect Virgin for trying. The public appreciates someone having a go; it appreciates the attempt. Who's been a success in life who hasn't failed?"
  7. "It's important for the company's sake that the chairman not get bored."
  8. "My general philosophy in life is you never really go wrong saying yes."
  9. "I want Virgin to be as well known around the world as Coca-Cola."

As you can see he is a very optimistic man who has charisma, positive self concept, and creativity.
I hope all of us will learn from his experience in building a corporate giant.

Light the passion in you,

Parama

Thursday, February 15, 2007

Why we started Funclient.com

I have been involved in starting and running several businesses since I was 15 years old.
Business is my passion, I love the creativity, the adrenaline rush, and everything else that is involved in owning your own business.

Despite the perceived glamor of owning a business,in reality, sometimes life comes down hard on us. True to what the statistics said that most businesses fail within the first two years, several businesses that I owned in the past have also failed.

Although each failure is devastating, I make sure that I learn from my mistakes and try as hard as possible to never repeat it.

One major mistake that I have learned from one of my previous failure is about customer management. Customer is the LIFEBLOOD of any business. Without a customer, a business do not exist.

At a previous small business that I used to own, I've spent several thousands of dollars, on a web based CRM application to manage my customer information. Everything seems fine until I've paid for it and started implementing and using it.

I admit that I have failed in this effort. It was just too complicated for a small business like mine to use. What is supposed to be an application that manages the business, our business turns out to be managing the application.

Less chores = More time

See the formula above?
FunClient was created on the idea that the key to managing customer information is to spend less time doing it.

Spend less time in customer management chores so that you can spend more time in having fun with your customers or doing something else more important.

Our passion at FunClient is to help you manage your customer information quickly and easily, so that you can have more fun and passion in your what you do.

If I'm able to do this, then I have done my job.
If not, please help us improve FunClient.

Sincerely,

Parama