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5 Ways to Validate a Business Idea, Right Now

Don't let your day job or lack of capital stop you from finding and testing a business idea. Here's how.
Last year, I embarked upon a personal challenge to validate a business idea in 30 days. To make it even more difficult, it was a random idea chosen by my readers. They asked me to do it without using my existing website, traffic and business connections and without spending more than 20 hours per week on the project. On top of that, I limited myself to spending no more than $500 validating this idea. The experiment was a success.In just two weeks, I built an email list of 565 subscribers without having an actual website. Then, I reached out to a handful of those subscribers and pre-sold 12 copies of a book that didn't even exist yet, all in less than 30 days. I wrote about the experiment in real-time with in-depth weekly updates, successes, failures and lessons learned along the way, right here in my validation challenge. Today, I want to share with you the five most effect…

How to be an inspiring leader?

How to be an inspiring leader?
Who doesn't want to be an inspiring leader? Whether you are a businessman/entrepreneur or a business manager, we all 'Aspire to Inspire' when it comes to our people.
While most of us aspire to be a progressive/transformational leader, but in reality most of the times, we tend to operate in an authoritarian and paternalistic style.
Ever thought why parents are the 'Heroes & Heroines' of their kids? It is because they are able to nurture 'Trust' as a coach/mentor. The essence of effective leadership is 'Trust' by the virtue of ‘Coaching & Mentoring’.
Many-a-time in our business, we are so much bothered about the deadlines that we forget the people driving those numbers. After all, what is the use of those triumphs if we don’t have our folks with us to cheer and share the joy.
However, it doesn’t mean that one needs to win brownie points from people. It is not about being good compulsively. Excellence is by choice and never by force.
The ‘Leadership Development Programs’ that I deliver generally are of two stages. The first stage is about Attitudinal Re-alignment focuses on bringing in a genuine and strong 'Will to Skill'. Next comes the ‘Honing of Leadership Skills’. It is because I firmly believe that Skill follows Will.
 Remember 'Coach Carter' or 'Kabir Khan' from the film Chak de India? It is not easy to coach people. Sometimes, we have to break them to make them. Initially your folks may not have the maturity to connect the dots and look at the bigger picture. They may lack the belief and conviction in themselves, the team and you. They may rebel and revolt. Hence, they will have to be 'trained' first and then be Coached/Mentored. Yes, 'Carrot & Stick' does work. With time, people learn to perform for 'Respect' rather than out of fear. The key here is to build a team which has a common purpose. If you observe, this is what they do in the military and this spirit is called 'camaraderie'.
Mentioning below 'The 8 fold paths of Leadership' which will help us to become better 'Leaders':
1) Realize the dynamics and importance of being in people business
2) Understand the expectations of all the stakeholders
3) Be a good orator and most importantly, stand by your words
4) Lead by example. Show them how it is done and they will surely learn.
5) Have a healthy work-life balance and help your folks to embrace the same.
6) Synergize your team’s effort by creating a common purpose
7) Respond and not react. Be open to Give and take feedback.
8) Focus on being a coach and a mentor. Aspire to Inspire.
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