NYBC Academy business tips: On strategy and goal setting

The Who, How & What to enter the NY market!

New York Business Consultants LLC

New York Business Consultants LLC CEO Mr. Malko Ebers on the who, how and what of business



New York City, Mercy College Center for Entrepreneurship July 13th 2015

You are only as strong as your network
Always follow the Who - How - What in any deal and project

Malko Ebers, CEO New York Business Consultants LLC

July 13th 2015

Who: Never make an exception and start any deal, negotiation, new network contact with defining the Who? You want to know who you are talking to, who is the decision maker, who is involved (who are the stakeholders). Great, trustworthy people create great opportunities for everybody while the wrong people will screw up the best opportunity! Never make an exception, always be crystal clear and comfortable about the who! Ask yourself, would you be comfortable spending a day on a  boat with that person, can you relate? If the answer is just maybe, that is a no! Never compromise on integrity, a team needs to be comfortable with each other.

How: The process is key! Define and agree on the way of engagement, define timeline, milestones, roles and how you want to communicate and report. Have in mind to create an enjoyable experience and effective communication so that the process creates further momentum. People will not always remember what you delivered but how you made them feel, link measurable outcomes with emotions and celebrate together. By celebrating and honoring small gains, you prepare for the bigger victories. Clarify expectations in the beginning, build a team and consensus and it will save you a lot of trouble and misunderstanding later on.

What: Focus on outcomes, make it as clear as possible, measurable, timely and specific. Why are you engaged in this activity, what is it about and should be the final result. Make sure all stakeholders benefit and are involved and engaged and share the definition of success. Only if you know and make clear from the start how success should look, feel and be measured will your energies be focused. It also allows you to have a lean project management, get people focused on results but don't micromanage how they achieve it.

www.newyorkbusinessconsultants.com

Empowering People since 2011

Your choice for top management consulting in New York City

Overcome fear and comfort and unleash your potential

Malko Ebers, July 13th New York City

I had received so many positive responses to a simple Facebook post that I felt encouraged to write this blog article. The quote I came up with was: 

'As soon as you start doing something you will realize that most hurdles, sea monsters and challenges were just illusions, distractions of the mind.'

If you want to achieve anything meaningful you need to exercise control of your mind through positive habits and positive conditioning (Tony Robbins would be a master teacher/read Awaken the Giants within) or as Aristotle said 'we are what we repeatedly do'. 

Fear and comfort are related and we need to overcome both, both prevent action, both distract us and play our mind some tricks. We withdraw into our comfort zone to avoid fear and it seems avoiding fear is a far greater impulse than seeking pleasure. That believe however allows us to create our 'pink castles' in our comfort zones, out of fear of what might happen and because of the comfort we enjoy. Just beware that comfort zone is shrinking like an ice shell, it is an illusion.

Constant change is a reality, like the seasons of the year change, so does the market - no Chinese Wall guarantees lasting protection only the realization that fears are created in our mind and that makes them powerful. Once we start doing something, once we start looking objectively at the facts we can break down any problem into pieces, can go the process step by step, can share with friends or colleagues. 

Muhammad Ali said: 'The fight is won or lost far away from witnesses - behind the lines, in the gym, and out there on the road, long before I dance under those lights.' - if we overcome our immediate comfort, if we get up early and make a small change in our lives we have gone the first step that can take us into any direction, we have taken control over our destiny. 

Many wise men have spoken about the power of the mind and that 'if we can think it, we can do it', in order to 'think it' action is required, action links us to ourselves and the world around us, we are here, we make a distance and we will continue till we reach our goal.

India's gas output to reach 160 mmscmd by 2020-21

India's gas output is expected to reach 160 mmscmd per day by 2020-21 from the current 92 mmscmd per day,as several gas fields belonging to state owned,ONGC and Oil India-OIL,and also those owned by private groups like Reliance Industries Ltd-RIL and British Petroleum-BP-which are already to start production-are expected to add up to the current output levels in the next five years.
This would be good news for several gas-based power plants across India,which have been running at less than half their capacity owing to lack of natural gas availability.Enhanced gas output is likely to propel these plants back to life.According to estimate,the combined capacity of such gas-based plants comes to around 24,000 mw.PMO held meeting in New Delhi with top officials of the ministry of Petroleum & Natural gas all the gas field development plans have been approved by the ministry.

The review meeting was held amid concerns within the Government about falling gas output from KG-D6 fields,quite a few of which are owned by RIL and BP.PMO officials reviewed the production plans of ready to produce gas fields belonging to all the aforementioned entities.ONGC,RIL,OIL and BP officials are learnt to have given presentations to the PMO officials about the gas gas fields having approved field development plans will help in enhancing the current output of natural gas of India by almost one and half times in the next five years.It is learnt that ONGC and OIL gas fields are expected to be the major contributors towards enhancing gas output of India by 2020-21.The basis of optimism expressed by ONGC,OIL as well RIL and BP on the India's gas output going up by one and half times,stems from the fact that all the companies have several gas fields lined up whose FDPs have been approved,and therefore they are ready to start production anytime now.

Some of the fields which are ready to start production are ONGC Daman offshore block,are also expected to ramp up the India's gas production with KG-basin.RIL and BP are also learnt to have displayed a list of blocks to the PMO officials,through which they are hoping to enhance their gas output in the next five years.

                                             
                                                      By Anil Kumar Upadhyaya
                                                             Business consultant
                                                             NYBC,Lucknow/India
                                                             email: au03976@gmail.com

Industrial Parks in India

Japan government firming up its promise to help Indian prime minister Modi build India's infrastructure and promote domestic manufacturing it doubles investment in India.Japan has identified 11 sites to set up Industrial townships/parks in India,which would serves hubs for investments in India.These industrial parks include Tumkur in Karnataka,Ghilot in Rajasthan,Mandal in Gujarat and Supa in Maharashtra.Japan will also provide soft skills training to Indian workers in the manufacturing sector to help bridge the demand-supply gap.Japan aims to double its investment in India to about $35 billion in next five years.The move would help bilateral economic ties between India and Japan.They are already primary investors in Indian economic corridors.This will support make in India campaign and transfer of technology.The Indian government plans to give concessions to Japanese companies in the Industrial townships what is offered to special economic zones and the proposed National Investment & Manufacturing Zones.

Special Economic Zones-SEZs are already duty free imports and 100% tax-free export income for the first five years,50% of the ploughed back export profit for the subsequent five years.NIMZs,under the national manufacturing policy,provide tax incentives to small and medium size enterprises.The development of the townships will be assisted by the respective state governments,the Department of Industrial Policy & Promotion and Japan's ministry of economic trade & industry.Japan is fourth largest foreign investor in India,contributing 7% to total FDI inflows since April 2000,according to DIPP.



                                                 
                                                                    By Anil Kumar Upadhyaya
                                                                    Business development consultant
                                                                     New York Business Consultant
                                                                         Lucknow/India
                                                                          email: au03976@gmail.com