{"id":404,"date":"2019-01-21T04:43:26","date_gmt":"2019-01-21T04:43:26","guid":{"rendered":"http:\/\/emarkets.com.server.digiteck.in\/wrdpress\/?p=404"},"modified":"2019-03-19T07:04:51","modified_gmt":"2019-03-19T07:04:51","slug":"inspirational-stories","status":"publish","type":"post","link":"https:\/\/www.speakin.co\/edit\/inspirational-stories\/","title":{"rendered":"Inspirational Stories!"},"content":{"rendered":"\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"fff31b069dab2d4baa9938924ee8e97c\" data-index=\"1\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8586106947150931\"\r\n     data-ad-slot=\"4223625083\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<p><span style=\"font-family: georgia, palatino, serif;\"><\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">As children we were told different inspirational stories of great leaders, amazing athletes, larger than life warriors and other superheroes. On entering the corporate world we marveled at the success stories of large business houses, or the journey of enterprising youngsters who started off in garages and went on to create today\u2019s multi-billion dollar conglomerates.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Here is a real life story that inspires me to this day.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">The protagonist is Sadhana, my domestic help many years ago. She was about 34 years old and had had almost no formal education. Her husband had left her and she had two young sons to bring up. This she did, by working at several houses as domestic help.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">One day Sadhana approached me with a strange request. She needed Rs.25000 (approximately $300 and about 10 months\u2019 salary for her at the time)<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">Curious, I asked her why she needed this large sum. Imagine my surprise, when she told me that she was setting up a business to press clothes, to supplement her earnings, where hired staff would press clothes for a fee.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">A shop owner nearby was shutting down his business, she explained.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<blockquote class=\"is-layout-flow wp-block-quote-is-layout-flow\">\r\n<p><span style=\"font-family: georgia, palatino, serif;\">THIS WAS CLEARLY A GREAT EXAMPLE OF\u201c<strong>BUSINESS OPPORTUNITY IDENTIFICATION<\/strong>\u201dAS WELL AS \u201c<strong>RISK TAKING<\/strong>\u201d.<\/span><\/p>\r\n<\/blockquote>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">My management education told me that I was witnessing an \u201c<strong>Acquisition<\/strong>\u201c.The advance was given and acquisition accomplished. This astute new businesswoman had procured the cheapest possible loan wherein the terms of repayment were, for all practical purposes, \u201cpayable when able\u201d and interest free.\u00a0<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">She also knew she had a captive customer base in her employers\u2019 families, who remained loyal since she provided right service coupled with timely completion and delivery. She got her sons to chip in sometimes for ironing as also for delivery.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<blockquote>\r\n<h2 class=\"wp-block-heading\" style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">\u201c<strong>COST CONTROL<\/strong>\u201d GOT HER REASONABLE PROFITS.<\/span><\/h2>\r\n<\/blockquote>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\n<!-- Quick Adsense WordPress Plugin: http:\/\/quickadsense.com\/ -->\n<div class=\"fff31b069dab2d4baa9938924ee8e97c\" data-index=\"2\" style=\"float: left; margin: 10px 10px 10px 0;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n    style=\"display:block; text-align:center;\"\r\n    data-ad-layout=\"in-article\"\r\n    data-ad-format=\"fluid\"\r\n    data-ad-client=\"ca-pub-8586106947150931\"\r\n    data-ad-slot=\"5455236699\"><\/ins>\r\n<script>\r\n    (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">A \u201c<strong>Capital expense<\/strong>\u201d of a motorcycle was made, to better serve the customer. \u201c<strong>Customer satisfaction<\/strong>\u201d as we understand it, was the cornerstone of the business.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<blockquote>\r\n<h3 class=\"wp-block-heading\" style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">She decided to hire people from her community who she could trust and who would work diligently. This was her version of \u201c<strong>Hiring right<\/strong>\u201d and \u201c<strong>Productivity enhancement<\/strong>\u201d.<\/span><\/h3>\r\n<\/blockquote>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">When business improved, she gave up work at all other homes, barring two (one being mine). Her logic was, God forbid something goes very wrong. So that was \u201c<strong>Business risk mitigation<\/strong>\u201d in practice.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">One evening, I came home to see Sadhana talking to my wife, all formally dressed. Apparently she was going for discussions at a housing society, hoping to get business for many houses in return for a security deposit.<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<blockquote>\r\n<h2 class=\"wp-block-heading\" style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">SHE WON THE CONTRACT AND PROVIDED ME WITH A LESSON ON \u201c<strong>REINVESTMENT INTO BUSINESS\u201d &amp; \u201cBUSINESS DEVELOPMENT\u201d.<\/strong><\/span><\/h2>\r\n<\/blockquote>\r\n<p><span style=\"text-align: justify; font-family: georgia, palatino, serif;\">Dear readers, I narrate this real life story to illustrate a simple truth<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\r\n<p><span style=\"font-family: georgia, palatino, serif;\"><strong>BUSINESS ISN\u2019T JUST ABOUT ECONOMIC THEORY AND UNIVERSITY DEGREES. SOMETIMES IT IS JUST ABOUT USING COMMON SENSE.<\/strong><\/span><\/p>\r\n<\/blockquote>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\"><strong>My personal takeaway<\/strong>\u00a0<\/span><\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<p style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\"><em>Very often life\u2019s extraordinary lessons come from very ordinary people.<\/em><\/span><\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<h5 class=\"wp-block-heading\" style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">DISCLAIMER:<\/span><\/h5>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\r\n<h6 class=\"wp-block-heading\" style=\"text-align: justify;\"><span style=\"font-family: georgia, palatino, serif;\">THE VIEWS AND OPINIONS EXPRESSED IN THIS ARTICLE ARE THOSE OF THE AUTHOR AND DO NOT REFLECT THE VIEWS OF SPEAKIN, ITS MANAGEMENT OR AFFILIATES. SPEAKIN MAKES NO REPRESENTATION AS TO ACCURACY, COMPLETENESS, CORRECTNESS, SUITABILITY OR VALIDITY OF ANY INFORMATION ON THIS ARTICLE AND WILL NOT BE LIABLE FOR ANY ERRORS, OMISSIONS OR DELAYS IN THIS INFORMATION OR DAMAGES ARISING FROM ITS DISPLAY OR USE.<\/span><\/h6>\r\n<p><span style=\"font-family: georgia, palatino, serif;\">\r\n\r\n<\/span><\/p>\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>As children we were told different inspirational stories of great leaders, amazing athletes, larger than&#8230;<\/p>\n","protected":false},"author":52,"featured_media":904,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"footnotes":""},"categories":[4,63,67,78,80,7,12,13,15,120,22,28,183,29,212,34,37,233],"tags":[297,362,368,391,403,513,557,616,631,675,682,724,769,811,822,898,905,914,272,1001],"class_list":["post-404","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-business-management","category-business-opportunity","category-ceo-talk","category-comparison","category-consultancy","category-corporates","category-editorial","category-entrepreneur","category-equality","category-gender","category-leadership","category-motivation","category-organizations","category-personality","category-risk","category-strategy","category-sustainability","category-talk","tag-actions","tag-branding","tag-business-strategy","tag-city","tag-companies","tag-entrepreneurship","tag-funding","tag-india","tag-innovation","tag-leadership","tag-life","tag-motivation","tag-performance","tag-purpose","tag-ravi-menon","tag-start-up","tag-strategy","tag-success","tag-vision","tag-women","post_format-post-format-image"],"_links":{"self":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/posts\/404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/comments?post=404"}],"version-history":[{"count":0,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/posts\/404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/media\/904"}],"wp:attachment":[{"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/media?parent=404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/categories?post=404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.speakin.co\/edit\/wp-json\/wp\/v2\/tags?post=404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}