Here are the 10 most significant features of the best startup CEOs.

The Power of Persuasion
The most impressive CEOs won’t go far in the event that they can’t influence others regarding their own splendor and convictions.

An Analytical Mindset
Chiefs must have the capacity to gauge and investigate everything that their organization does. They ask analytical inquiries, actualize information driven best practices and are continually contemplating reports on how their organization is getting along or how they can move forward.

Persistent Determination
Even the CEOs of the best and prosperous new businesses will have days that make them need to drag their hair out and simply surrender. The best CEOs burrow thoughtful when difficult situations arise and are resolved to endure pushing toward their objectives.

Clear Communication
CEOs ought to be clear and short in all infrastructure, of their both composed and verbal. If they can’t express their objectives, principles, manners to groups of spectators, they won’t have the capacity to develop their business.

Empathy
CEOs often have to put themselves in the shoes of others – including clients, investors and employees. If you can’t understand and empathize with your customers’ or employees’ concerns, you might quickly separate both parties, who are highly dangerous to your business.

Imaginative Innovation
The challenging reality in today’s business world is that most new companies never make it out of ahead of schedule stages. To stay focused, CEOs should continually have earth shattering thoughts and bleeding edge advancements for making sought after items or administrations and to stay in front of the business administration bend.

A Detail-Oriented Mindset
The best CEOs are particular and display great time administration and authoritative aptitudes. This doesn’t mean micromanaging so as to make their workers desperate them, yet rather resulting that there is a compelling framework set up to track key deals execution measurements of individual representatives.

A Keen Eye for Talent
A portion of what makes an extraordinary CEO is being a brilliant enrollment specialist. Attempt as they may, CEOs can’t deal with everything themselves, which implies that they must put the right individuals and the right groups around them. While ability is imperative, social and philosophical fits may be generally as basic.

Motivational Skills
Rewarding CEOs make it their central goal to reliably urge their representatives to continue putting in superior exhibitions in light of a sincere concern for the whole group. Inspiration can be the distinction between unremarkable exhibitions and remarkable ones.

Unbridled Passion
Finally, the best CEOs simply love what they do. The passionately believe in what they have to offer and the greatness of their company and their team. They are always focused on creating and discovering new ways to better their business.

While there are a wide range of characteristics that make an incredible CEO, these are among the top properties basic for their survival, particularly among right on time stage new companies.

Side effects of Entrepreneurship

·         Frustration Frustration hits you like the monthly mobile bill. Every month, we plan something great, but plans fail quite often. We can’t avoid the frustration of failure, but we can learn how to handle it.

·         Insecurity-You doubt your decisions many times. You won’t find anyone to help you out. This is a side effect of becoming your own boss. You can’t ask for directions all the time, even if you have mentors.

·         Self-worth issues-You doubt yourself. After continuous failures, you start feeling like you aren’t worthy of anything. Persistence and perseverance are keys to tackling such a situation.

·         Addiction of work-This happens with almost every entrepreneur. Addiction to anything has an adverse effect on life. It’s even possible for someone to become addicted to smoking or alcohol after starting up, as they use it to alleviate stress.

·         Sleep disorders-Bad sleep habits take the front seat when you have to deliver a product in time. There is so much chaos, from customers and employees to family, that you often mess up your sleep schedule. My own bad sleep patterns began to affect my productivity, so I started waking up at the same time every day irrespective of my sleep time. My routine adjusted automatically to my sleep timings.

·         Family relationships suffer-Have you experienced this when you don’t give time to your girlfriend, wife or kids? Even when you sit with them, you talk about recent funding news, or your difficulties in hiring, or how tough your customer is. Give it a break! Spend some quality time with your family.

·         Bad food habits-A very likely situation for bachelor entrepreneurs. You won’t have time to cook food. You will subsist on ready-to-eat junk food alone. You had better get on a fruit diet instead.

·         No social life-You won’t feel it because you are busy building your product or chasing your next customer, but your friends know how many parties you are missing.

I am not trying to scare you, but it is scary because I have experienced this in my startup life. If you still want to take a leap then go through the checklist below before taking the final decision.

Checklist before leaving your job

·         Why quit? Is it because I hate my boss or work, I want to pursue my passion, or I want to become my own boss?

·         Can I work on my dream venture while doing a full-time job? How much time will it take to launch an MVP (Minimum Viable Product)?

·         What are my Plans A and B? What if both fail? Do I have plans C and D?

·         How much do I spend monthly? Calculate your present expenses and future expenses.

·         How much do I need to support the family in the future? Consider your obligations like marriage, your kid’s education, and the foreign vacation you promised your family.

·         How long can I survive without a salary? If you think your venture will start paying you back in one year then save money for yourself for at least two years, because your plans will fail quite often.

POWER OF RIGHT THINKING AND VISUALIZATION

Success is development of power to get whatever one wants in life without interfering with the rights of others. In an age of tough competitions success can come through the use of such power only. Power is an organized energy or effort. It’s an ability to organize knowledge and the faculties of mind. We call it HUMAN SOFTWARE. Human mind can be compared with a computer, which cannot run a programme without software. The thinking process and the life experiences are what make our memory, which works like a human software.

Our experiences are not what happened to us but what we did with what happened to us. In other words our experiences are our responses to stimuli created by events of our life. Our responses to forthcoming events are based on past experiences in similar situations. Our thinking pattern plays the most crucial role in creating our memory and influencing our attitude. In fact, thinking creates memory and memory creates attitude which ultimately decides success or altitude of life. Thinking is the process of creating human memory. All that we are is the result of what have been thought so far. Every word we think is creating our life. Our very life is our thinking and the result of our thinking process. The secret of success lies not without but within the thoughts of man. Thoughts make weak men strong and strong men weak. Whatever all we do eating, wearing clothes, driving, playing, are preceded by thoughts. The very way we walk, the way we carry ourselves, our talk, our manner of dress, all reflect our way of thinking. What we exhibit outwardly, we are inwardly. We are the product of our own thought. Whatever we believe ourselves to be, we are.

Thoughts are the original source of all wealth, all successes, all material gains, all great discoveries and inventions and of all achievements. Our thoughts, those predominate, determine our character, our career, indeed our everyday life.

Thoughts are the guiding force behind all the actions. And our actions inadvertently lead us to success or failure. It is rightly said, “Thoughts make or break a man. It is also believed by great religious leaders that the universe is created by thought of universal mind. This universal mind is the super highway of information linking all the human minds together. That is why we react to thoughts of each other even when not physically in touch. They call it intuition or sixth sense. We are molded greatly by others through newspapers, movies, radio and some thoughts generated through casual encounters. We are constantly bombarded by varying degree of thoughts all the time. And some of them may tune with our inner voice and can lead to greater visions. You all might have heard a popular advertisement saying, “An IDEA can change your life.” The perception of some great scientists changed the course of humanity by channelizing common events into some great theories. The falling of an apple could be an easy availability of food but a powered brain of Newton took it as doors opening to great theories in Physics.

Mind is the source of all power and success is the product of creative thinking and firm belief in our ability to execute the ideas. Like attracts like is true when it comes to mental interactions. And we start getting help from our surroundings. Our mind sends silent signals that have magnetic influence. Positive frame of mind only invites desired results as thought creates after its kind and attracts upon which it is directed. For the thing which we greatly fear, that comes upon us. Our fear thoughts are just as creative and as magnetic in attracting troubles to us as are the constructive and positive thoughts in attracting positive results. Hence our thoughts should be directed on success and not on failure.

Visualization of positive outcome of our efforts gives a great power to our mind to succeed. This is a technique to deliberately foresee our success time and again in a relaxed state of mind. It activates creative power of subconscious mind and also focuses our mind towards our goal by programming its Reticular Activating System [RAS]. RAS is like RADAR for us which can send positive signals to others and can receive positive powers from others. In other words it magnetizes and attracts to us the people, resources and opportunities we need to achieve our goal. These people and resources might have existed earlier also but as our RAS was not activated we could not recognize them. If we keep visualizing happiness at destination point we will get strength and inspiration to face all odds of journey, rather we will enjoy our entire journey. Einstein says, “Imagination is everything. It is the purview of life’s coming attraction.” All discoveries and inventions have been preceded by imagination. The famous martial art champion and Hollywood film star, Bruce Lee, while struggling to establish himself as an actor in Hollywood, once wrote a letter to himself predicting that he would become superstar in coming ten years. He took this statement written by himself as a message from heaven, read it again and again every day and kept visualizing the glories and happiness attached with him as a superstar. This practice activated his RAS and being fully inspired he gave his best in acting to become a superstar in just two years with the release of his famous film ‘Enter the dragon’. Today in Olympics almost in every game players are advised and also trained to use this visualization technique. Visualization, in fact, keeps us focused towards our main goal and also keeps us fully inspired and confident to pursue it.

Visualization has a power to transform our desire into a will. And, desire is to obtain while will is a power to achieve. Therefore, we should navigate our mind with right thinking and through visualization technique we should reprogram our subconscious mind to power it up for spontaneous move towards our goal.

Reasons to Quit Your Job

Quit your job to take a better paying position? Definitely. Quit your job for a great opportunity? Absolutely.But there are a lot more reasons to quit your job (once you have something else lined up, of course.) And they all fall under one main category:

Life’s too short.Life’s too short to go home every day feeling unfulfilled. Life's too short to work for a terrible boss. Life’s too short to go home every day feeling taken for granted, feeling taken less than seriously, or feeling taken advantage of.

Life’s short to not be as happy as you can be.Say your grown daughter called and said, “I hate my job. I’m bored, frustrated, and feel like I'm going nowhere.” Wouldn’t you tell her to look for another job?Shouldn’t you follow the same advice?

Here are reasons to stop being miserable and start looking for something better:

1. Your input is disregarded… or even not wanted-Everyone has ideas. And everyone loves when their ideas are taken seriously – and implemented. The feeling that you’ve contributed in a special way is incredibly gratifying.But when your boss or company shoots down or even laughs at your ideas, that’s not only insulting, it's demotivating. And pretty soon you stop caring.Life’s too short not to care.

2. You get criticized publicly-We all need constructive feedback. We all need a little nudge. We all need to be told when we can do something better – and how to do it better.But we need to be told those things in private.Life’s too short to walk around waiting for the next time you’ll be criticized – and even humiliated – in front of other people.

3. You never hear the word, “Thanks.”-Everyone also needs praise. We all need to know when we do something well (and everyone, even poor performers, do some things well.)Life’s too short not to be recognized for the contributions you make.

4. Your boss manages up, not down-You know the type: as a leader they should focus their time and attention on their direct reports, but they spend all their time “following” their boss. It seems like your only job is to contribute to the greater glory – and advancement – of your boss.A great boss knows that if his/her  team succeeds – and each individual on that team succeeds – then he/she will succeed too.Life’s too short to spend your time developing your boss’s career at the expense of your own.

5. You feel like you have no purpose-Everyone likes to feel a part of something bigger. Everyone likes to feel they make an impact not just on results but also on the lives of other people.Life’s too short to go home every day feeling like you’ve worked… but you haven’t accomplished anything meaningful.

6. You feel like a number-Everyone is replaceable. Everyone, ultimately, works for a paycheck. But everyone also wants to work for more than a paycheck. They want to work with people they respect admire… and they want to be respected and admired in return.If your boss doesn’t occasionally stop for a quick discussion about family, an informal conversation to see if you need an help, or simply to say a kind word… then you’re just a cog in a larger machine.Life’s too short to only be a cog in a larger machine.

7. You aren’t even mildly excited to go to work-Every job has its downsides. (I’m willing to bet even Richard Branson has to do a few things he doesn’t enjoy.) But every job should also have some fun moments. Or exciting moments. Or challenging moments. Or some aspect that makes you think, “I’m looking forward to doing that…”Life’s too short to spend only looking forward to quitting time.

8. You can’t see a future-Every job should lead to something: hopefully a promotion, but if not the opportunity to take on additional responsibilities, learn new things, tackle new challenges… to feel like tomorrow has the potential to be different – in a good way – than today.A decent boss works to improve the company’s future. A good boss works to improve her employees’ futures too, even if – especially if – that might mean some of those employees will eventually move on to bigger and better things.Life’s too short to live without hope.

9. You don’t think you can do anything else.-That’s the best reason of all quit your job. I know what you’re thinking, “I make too much in my current job; I’ll never find something comparable.” Or, “There just aren’t any jobs where I live.” Or, “I’ve put too much time into this company (or career or industry.)”

All those things are true – if you let them be true.

You can do something else. You can do lots of something "elses."

You just have to believe – and trust that your creativity, perseverance, and effort will take you to new, happier, and more fulfilling places.

Life's too short to just stay where you are instead doing everything possible to live a better life.

How to effectively use Intraday Trading tips in India

How to effectively use Intraday Trading tips in India

Intraday Trading or Day Trading in Indian share Market is a big time hobby for different type of people. Various Doctors, Software professionals, Public and Private sector employees and many more trades in Indian stock markets, commodity markets and now also in forex markets. The fast changing prices attracts everyone to make quick money on daily basis. Few of the people has already made this as their full time profession after retirement. Young professional carries intraday trading as a part time business with specified allocation of capital.
While entering the intraday trading, it is important to closely watch market and analyse the trends. Several people follow intraday trading tips, given by their brokers through SMS or flash on trading screen. Several Technical analysts have also started their small time desk and caters to limited clients with their trade calls.
For a Trader, it is important to select the research analyst carefully and follow these tips with a discipline for getting a good returns on the invested capital and receive a payout in their account.
Let us first discuss few pointers on selection of intraday tips provider.

1. Check profile of the Research provider carefully. Now it is mandatory to be registered with SEBI for providing such calls. Apart from this it is always preferable to check for Qualification and Experience in financial markets. Do not go for unregistered mushrooming tips provider as it may be a big hazard for your capital.

2. If your Broker provides research, then it is better to check the accuracy for past calls. Mostly brokers prepares the track record for their calls which will not only give you a snapshot of their performance but also makes you define your way of working with future tips. Do not believe if the track record is extraordinary great….apply your mind.

3. Compare atleast 2-3 research providers and do not pay extra brokerage to your broker. It is always better to pay separately for research as it will have a responsibility attached. Also you will have a chance to try other research providers without changing your broking account.
Generally, I have come across people who shows a great track record of their calls but their clients ledger in losses. The client says that all calls hits the target however whenever we trade on any call, it hits the stoploss. I have also come across few of the funny suggestion where service providers ask their client to trade on each call that they give to get best results, which is neither possible with limited margin, nor feasible. So once you have selected a research analyst who is thorough in his subject, then you as a trader should know how to make use of his research.

Now let us discuss on few techniques that you may use for effective usage such Intraday calls

1. Analyse his call performance and identify his area of excellence. It may be a period or a industry or a particular scrip. Such area of excellence will let you know the Key Result Area of service provider. Trade only on that. Example of such area of excellence could be Nifty 50 stocks only, banking stocks only, penny stocks, intraday calls, weekly calls, etc.

2. Analyse performance only after considering brokerages, taxes and impact cost for trade. For lesser
liquid contracts, normally the impact cost will be high.

3. Limit your margin or exposure value to a particular figure. Take position in terms of value and not in terms of number of shares. And your exposure value should be (approx.) same for each call.

4. Trade only if your No. of call in profits is above 70% and Target to stoploss ratio is 1:3. Most of the service provider maintains 1:2 ratio for their convenience or amplify their performance however with impact cost and other cost of trade,  your actual losses are bigger and actual profits are smaller.

5. Maintain the discipline even if you are making profits or making losses. Before entering a trading, one should specify the total losses for exit (normally I have seen trader to keep it as 10%-20% ) of their invested capital. So if they have made or lost more than that, it is a time to take a break from intraday trading.

6. Manage your costs by trading through discount brokers. Also it will give you an option to make your choice of research analyst and you may get the lowest brokerage rates. Also see broker comparison

7. Online is better way to trade as it will have a better chance to capture a trade as and when a opportunity strikes. Now most of brokers also offer trading through mobile and tablet, so keep in touch with share market live.

8. Keep your egos and emotions aside. Don’t fight with market or service provider for maintain any position. If you like any particular scrip then invest for longer term and keep it out of intraday
trading. Manage your risk well and stick to your trade style.
A trader should understand that he is here to make returns on capital and not for gamble of life. A better logic will give a better understanding and stands a better chance of making money. So if you wish to be a day trader then be a smart trader.

10 Desirable Qualities For Every Startup Leaders

10 Desirable Qualities For Every Startup Leaders

Every individual in this world has the potential and qualities to make it big in life. What makes the difference is the time and effort put in in finding and polishing those qualities.
Same is the case with enetrpenuers. Every person has the capability to become a successful businessmen. One just requires to brush up some knowledge and polish certain skills.
Read on.

Courage- True courage lies in taking risks. A successful leader is one who is not afraid of taking risks. Sometimes a situation might require you to take a road not taken. Don’t be afraid. Note down the pros and cons and take your decision accordingly.

Problem solving capability - Problems are a part of the process. Whenever we are doing something, certain situations/ problems are bound to arise. We might be lucky enough to for-see some of them, while in a certain other situations they might hit us by a surprise. Either case, a leader is the one who isn’t afraid of the problems and takes the responsibility to lead his/her team out of the situation. Problems only make them think better.

Passion - A true drive to do something is what matters the most in this industry. There are hundreds of people who enter the startup scene every month but in the end, only a few are able to survive. The survivors are the ones who are really passionate about the thing that they are doing and are not bogged down by certain hurdles.A man with a true passion can achieve whatever he/she wants in their life.

Guts - Business is an unstable terrain. What might be the situation today, might be exactly the opposite tom. A true businessman is the one who embraces this fact and still decides to take risks. Failure is the part of the process and the one who understands it, is the true leader.
Curiosity - There are a number of people in the world with plenty of knowledge and means, yet they aren’t all able to make it big. The difference here is “curiosity”. The one who is happy and content with his current situation and doesn’t want to explore newer terrains ends up getting stuck in a monotonous life and a person with a zeal and curiosity to explore the unexplored always has an advantage over such people. In short, curiosity is the mantra of success.

Execution - Having a good plan in place and executing it nicely are two different things. It’s easier to come up with ideas and plans but the true test lies in execution.Good Execution is a very imp quality in a successful entrepreneur. That’s the one thing which distinguishes him/her from others. A good plan can fail as a result of bad execution.

Focused - For the ones who are focused , half the battle is already won. A successful person is the one who knows what he’s aiming for and is working only towards it.A focused person rarely fails. He/she makes it a point to get up again and again and work harder the next time.

Humility - Whatever you may achieve in life, always remain humble to the people who have helped you get there. The time you start thinking that your success is a result of only your efforts and start having the i can’t do anything wrong attitude , you’re downfall will start sooner or later.

Determination - Your never say never attitude will make you go miles.Successful people don’t take no for answers. They have a special quality of changing nos into a yes. Once they determine to do something, they do everything in the world to make it happen.They can pull off an impossible situation and make it look extremely easy.

Expectations - Successful entrepreneurs know what’s feasible and what is not. They know where to draw the line.They have realistic goals and they put in their honest efforts to achieve them.

Why drop-outs succeed in business

Our entire existence in this world hinges on survival. As we survive, we learn.
We pass on what we have learned, in the form of education.
Our education system is structured in a manner where we need to pass tests to prove our proficiency. Unfortunately, it is fairly simple to game the system. In a test all you need is for the examiner to believe that you have learnt.
Since we use examples to teach, we use examples to test. It is rather easy to learn up the examples and ace the test. You do not need to be a genius. (I am not saying that the same questions are used, but the same structures are used)
Coming from the background of having gamed tests, it is only obvious to seek to game the business as well. Take the best example that fits what you seek to do and solve the puzzle in much the same manner. We feel that if we are able to looking at sufficient examples, we would find a solution that fits. In the real world, this does not work.
When your maths teacher puts together the problems, he/she limits the number of variables that you need to deal with. The real world unfortunately has far more variables; some visible and some invisible. When one tries to study another business as an example they figure out the visible variables but for obvious reasons miss out the invisible variable.
This is what they mean when they say – “Don’t look at the success of another person; their story is different from yours”.
Customers seek value for their money. It is far and away the ONLY thing that the customer is seeking. That value may be delivered in the form of a better product, service, packing, feeling, etc. This is where the story of each startup differs from that of the other and gaming the system becomes extremely hard. It is the hardest test to pass.
A customer will not consistently put money in your hands unless he/she feels value delivery is actually taking place. The variables which lead to the perception of value are very complex to understand. Hence, it is dangerous to look at someone else’s success and use that as a template for your own.
There is no gaming the customer here. No examples. No shortcut. No optimum solution (which is part of the reason disruption occurs).
As Paul Graham puts it – The customer is like a shark, there is either meat or there isn’t.
The only gauge is to see, if the customer is happy after having paid for the product or service. That should be the only focus at the initial stages. Do people love using what my business offers? What do they love? What don’t they love? How to improve?
Drop-outs are usually not burdened with the baggage of learning how to ace the test. They respond to the movement of the market, they are more flexible and look to solve problems in their own way. They do not seek to do the things that others did to be successful, they just do their own thing. They do not know how to study examples, they only know how to respond to a given situation.
They trust their intuition, spend a lot of time understanding their customers and do the best that they can; which is the best way to run any business.