Wednesday, February 29, 2012

Robin Sharma - Secrets of success

The 73 Best Lessons I’ve Learned for Leadership Success in Business and Life ?By Robin Sharma, author of the international bestseller “The Leader Who Had No Title”

1. You can really Lead Without a Title.

2. Knowing what to do and not doing it is the same as not knowing what to do.

3. Give away what you most wish to receive.

4. The antidote to stagnation is innovation.

5. The conversations you are most resisting are the conversations you most need to be having.

6. Leadership is no longer about position – but passion. It’s no longer about image but impact. This is Leadership 2.0.

7. The bigger the dream, the more important to the team.

8. Visionaries see the “impossible” as the inevitable.

9. All great thinkers are initially ridiculed – and eventually revered.

10. The more you worry about being applauded by others and making money, the less you’ll focus on doing the great work that will generate applause. And make you money.

11. To double your net worth, double your self-worth. Because you will never exceed the height of your self-image.

12. The more messes you allow into your life, the more messes will become a normal (and acceptable) part of your life.

13. The secret to genius is not genetics but daily practice married with relentless perseverance.

14. The best leaders lift people up versus tear people down.

15. The most precious resource for businesspeople is not their time. It’s their energy. Manage it well.

16. The fears you run from run to you.

17. The most dangerous place is in your safety zone.

18. The more you go to your limits, the more your limits will expand.

19. Every moment in front of a customer is a gorgeous opportunity to live your values.

20. Be so good at what you do that no one else in the world can do what you do.

21. You’ll never go wrong in doing what is right.

22. It generally takes about 10 years to become an overnight sensation.

23. Never leave the site of a strong idea without doing something to execute around it.

24. A strong foundation at home sets you up for a strong foundation at work.

25. Never miss a moment to encourage someone you work with.

26. Saying “I’ll try” really means “I’m not really committed.”

27. The secret of passion is purpose.

28. Do a few things at mastery versus many things at mediocrity.

29. To have the rewards that very few have, do the things that very few people are willing to do.

30. Go where no one’s gone and leave a trail of excellence behind you.

31. Who you are becoming is more important than what you are accumulating.

32. Accept your teammates for what they are and inspire them to become all they can be.

33. To triple the growth of your organization, triple the growth of your people.

34. The best leaders are the most dedicated learners. Read great books daily. Investing in your self-development is the best investment you will ever make.

35. Other people’s opinions of you are none of your business.

36. Change is hardest at the beginning, messiest in the middle and best at the end.

37. Measure your success by your inner scorecard versus an outer one.

38. Understand the acute difference between the cost of something and the value of something.

39. Nothing fails like success. Because when you are at the top, it’s so easy to stop doing the very things that brought you to the top.

40. The best leaders blend courage with compassion.

41. The less you are like others, the less others will like you.

42. You’ll never go wrong in doing what’s right.

43. Excellence in one area is the beginning of excellence in every area.

44. The real reward for doing your best work is not the money you make but the leader you become.

45. Passion + production = performance.

46. The value of getting to your goals lives not in reaching the goal but what the talents/strengths/capabilities the journey reveals to you.

47. Stand for something. Or else you’ll fall for anything.

48. Say “thank you” when you’re grateful and “sorry” when you’re wrong.

49. Make the work you are doing today better than the work you did yesterday.

50. Small daily – seemingly insignificant – improvements and innovations lead to staggering achievements over time.

51. Peak performers replace depletion with inspiration on a daily basis.

52. Take care of your relationships and the sales/money will take care of itself.

53. You can’t be great if you don’t feel great. Make exceptional health your #1 priority.

54. Doing the difficult things that you’ve never done awakens the talents you never knew you had.

55. As we each express our natural genius, we all elevate our world.

56. Your daily schedule reflects your deepest values.

57. People do business with people who make them feel special.

58. All things being equal, the primary competitive advantage of your business will be your ability to grow Leaders Without Titles faster than your industry peers.

59. Treat people well on your way up and they’ll treat you well on your way down.

60. Success lies in a masterful consistency around a few fundamentals. It really is simple. Not easy. But simple.

61. The business (and person) who tries to be everything to everyone ends up being nothing to anyone.

62. One of the primary tactics for enduring winning is daily learning.

63. To have everything you want, help as many people as you can possibly find get everything they want.

64. Understand that a problem is only a problem if you choose to view it as a problem (vs. an opportunity).

65. Clarity precedes mastery. Craft clear and precise plans/goals/deliverables. And then block out all else.

66. The best in business spend far more time on learning than in leisure.

67. Lucky is where skill meets persistence.

68. The best Leaders Without a Title use their heads and listen to their hearts.

69. The things that are hardest to do are often the things that are the best to do.

70. Every single person in the world could be a genius at something, if they practiced it daily for at least ten years (as confirmed by the research of Anders Ericsson and others).

71. Daily exercise is an insurance policy against future illness. The best Leaders Without Titles are the fittest.

72. Education is the beginning of transformation. Dedicate yourself to daily learning via books/audios/seminars and coaching.

73. The quickest way to grow the sales of your business is to grow your people.

Thursday, February 23, 2012

Why is the wedding ring worn on fourth finger?

Have you ever wondered why married couples wear wedding rings on their forth finger or ring finger? There is a nice Chinese explanation regarding this.

Each finger symbolizes a relationship in your life :

· Thumb represents your parents

· Index finger represents your siblings

· Middle finger represents your self

· Ring finger represents your life partner

· Little finger represents children

Now, put your palms together and bend both of your middle fingers. Hold middle fingers back-to-back and hold all other four fingers tip-to-tip.

Now, if you try to separate your thumbs which represents your parents, you can! According to the Chinese, this is because your parents are not destined to live with you forever. You can also open your index finger because your sibling which is your brothers and/or sisters are going to left you to have there separate life or maybe build their own family. You can also open your little finger that represents your children. Your children will also be building their own separate lives and settle themselves someday with a family of their own.

Finally, try to separate your ring finger. You can't since as a husband and wife, you are destined to be together for better, for worse, for richer, for poorer, in sickness or in health, to love and to cherish 'till death separate you both.

Wednesday, February 22, 2012

MUMBAI: Rashmi Patel, a housewife and insurance agent with the country's largest insurance company, has switched her moonlighting. She now sells other financial products such as credit card and loan products of a private sector bank. The Rajkot resident is among the lakhs of insurance agents who have either switched their profession or have faced licence cancellation due to lower commission.

In the first three quarters of the financial year 2011-12, more than 3 lakh active insurance agents have quit the profession. Insurance companies such as Life Insurance Corporation of India (LIC), ICICI Prudential and HDFC Life have seen mass exodus owing to lesser incentive to agents when compare with other similar sophisticated industries.

Individual agents are the traditional channel for selling life insurance products and contribute over 50% of new sales. The percentage of new business premium collection from this channel has dropped from 55 % to 44% as the number of agents has come down to 23.78 lakh in December 2011 from 27.10 lakh last year.

"We have to increase reward for agents. I think we should figure out how to increase the productivity of agents. At present, an agent sells 18 policies on an average in a year. We have to see how we can increase it to 25 policies," Insurance Regulatory and Development Authority, or Irda, chairman J Hari Narayan said. This will ensure better income for agents, he said.

Agents are abandoning the profession after the regulator reduced commissions and introduced a host of stringent norms making insurance products, especially unit-linked insurance plans, or Ulips, less lucrative. Insurance products, including pension plans, have vanished from the market after the new norms were implemented.

"The global average life of agents is 4-5 years. A lot of agents return to their previous jobs, join a broker, start selling mutual funds after leaving the insurance sector," said Anil Jha, an agent with LIC.

Insurance companies are also asking agents to leave if they fail to meet targets. Targets for agents are set on the basis of the number of policies sold and premium earned.

In 2010-11, over 10 lakh agents vacated the space as the business turned less alluring due to the cap on charges on unit-linked insurance plans, which were selling like hot cake. Now, agents earn 5% to 7% commission on Ulips as against 12% to 18% before the changes were introduced.

The total premium collected by the industry has decreased by 3% to Rs 1,80,240 crore from Rs 1,86,396 crore. New business income fell 17% to Rs 71,953 crore from Rs 86,698 crore mainly due to absence of pension products. As per provisional data, the total new premium collected under the individual pension category was RS 1,008 crore in the December 2011 quarter as against Rs 18,417 crore in the same period of the previous fiscal year.