Saturday, March 26, 2005
Anonymous asks: "Vaisy what you think is the best way to keep your workers motivated and have a low employee turnover?... keeping in mind you are a struggling company with bright future but can't pay big money for the time being.... any bright idea?"There is no formula answer for motivating workers. The first thing is to not view them as workers - rather as partners who are going to help you achieve that "bright future.
Ask yourself, everyday, if you still believe in the dream. Sell the vision to your team and push them to tap into the energy source that powers you and your passion.
Stretch your pennies. Look for young, excited, turned on kids who maybe aren't even through college yet - give them a chance to work with you and become part of something huge.
While growing up, the general refrain one heard was that in order to be successful, all you need to do is work hard and be honest. Well, luck and timing are also absolute essentials and are phenomena that you can't control. So, you have to be tough as nails and keep plugging away until you think you've got to where you wanted to be.
It's very important also, to define "success" and "failure". Our society has a very narrow view of failure and success is measured by your bank balance and the car you drive. This is the biggest crock of shit ever. Of course, money puts bread on the table and the car gets you from Point A to Point B but what really matters, is the clarity of your vision, the quality of your work, the integrity with which you conduct transactions, the chances that you give others to grow, how you respond to a crisis situation, etc. Doing all this costs money and if it diminishes your bank balance and sets you back another couple of years from being in the black, do it. Don't take the easy way out and just do something boring, dishonest, and BLAH, because you can't figure out where next month's salaries will come from. Entrepreneurship is not easy - nothing will be handed to you on a platter. But, the ecstacy you will feel when a client says, "WOW, that looks great" will make the pain worthwhile.
Your core values should drive everything you do and you have got to make Employee # 1 through 5 at least, believe in those values. Make them understand that you folks are in this together and that the going will get tough and everyone should be ready to face the highs and lows together. When you achieve something, share the credit with everyone. Make people feel valuable.
I hope this doesn't sound like esoteric bullshit - just sharing my own experiences.
3 Comments:
Thank you very much ;)... really appreciate it.
"The first thing is to not view them as workers - rather as partners who are going to help you achieve that "bright future"" <-- i think it's the best advice you can get from anyone
i dont fall in Entrepreneur category at the moment but i believe i am making some progress...(trying to develop a PMS-Healthcare application with EHR, Scheduling n Billin features)
anyways i 'll popup again if needed some advice ;\
You have the makings of an entrepreneur. Go for it and don't settle for anything less than the very best as far as your product is concerned. More mediocrity is one thing that this country cannot afford. Just make sure, also, that your product will fulfill a real need and will solve a real problem. Start dreaming up innovative ways to market it when it's ready. Try and get a client by demonstrating "proof of concept" and maybe they will fund it.
Cheers!
hmmm... i got ur point abt "proof of concept".. absolutely critical how well am able to present the idea..if ppl dont understand what it is.. then its my fault..
am trying to get funding for my idea... ppl here usually appreciate things alot but when it comes to real thing.. a very few actually come forward n encourage... ji pehle product bana le if it's a mega hit then we will buy it ;o) ... n i am like hello...money is what i need to get this thing on the road...why w'd i come to you if i have cash..pakistani business man basically has that "Seth" mentality..so frustrating.. if u know what i mean.. anyways...forunately a small practice of 3 doctors in NY has finally agreed to fund it..happens to be a Jew.. but am a bit worried at the same time coz they r real clever business ppl n am pretty much a new comer...but i guess thats the chance i have to take...
btw.. here --> www.CureMD.com is what me n 2 other geeks developed for our employer company... it's a customized web based PMS application .. take a look at it sometime when u have nothing better to do n let me know what u think ..
n the idea i am working on is an improved/simplified n more user friendly version of something similar..based on whatever i learned from the mistakes we made in developing that product ..
tc
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