How to handle business risk with this framework

Business Growth Pillar #6 Risk Management

Does your business have some strong risk management policies and frameworks in place? Doing business is a risky affair and you can’t avoid risk. So it’s really important to have a risk mitigation framework in place. There are certain key parameters that you need to focus on while trying to deploy an appropriate risk mitigation framework. In this article, we discuss particular aspects that you cannot possibly ignore as this may otherwise derail your growth. In fact, all the things that you’re working so hard for can be derailed.

 

Strong Governance Forms The Foundation Of An Effective Risk Management Strategy

Start off by setting up a strong corporate governance mechanism. If you’re going to get external lending and funding, then it’s important to have strong governance in place. Here, you’ve got to look at not only statutory compliance but you should also make sure that everything is done and reported in a transparent way. (more…)

[VIDEO] How To Handle Risk In Your Business

Business Growth Driver #6: Risk Management

An often neglected but very important area that impacts the growth of emerging businesses is risk management. Risk management remains a non-priority until disaster strikes or a big opportunity is missed. Sustainability of a business depends heavily on how well possible risks are managed.

Entrepreneurs who have realized the importance of enterprise-wide risk management have set up a strong corporate governance (CG) structure and used technology heavily to mitigate risks. As a result, they have been able to increase their readiness to manage risks and improved their credibility in the eyes of investors/lenders. 50% of companies that have set up a strong corporate governance structure have managed to attract external investors vis-à-vis ~10% of the companies that have not.

Technology can help mitigate risks

All the companies that are confident of their readiness to mitigate risks have heavily invested in technology to manage risks and focus more on teamwork according to a recent EY report.

In this video we look at:
1. How to set up a strong corporate governance framework.
2. How to identify risks to your business.
3. How technology can mitigate risk

What business risk are you going to address?

Like, Share & Comment below

#Risk #Manangement #Technology #BusinessGrowth

Here are the links to all the 7 Business Growth Drivers:

Business Growth Driver #1: Be customer centric

Business Growth Driver #2: Leadership

Business Growth Driver #3: Employee Engagement

Business Growth Driver #4: Segregate core and non-core business activities

Business Growth Driver #5: Finance

Business Growth Driver #6: Risk Management

Business Growth Driver #7: Technology

5 Traits To Make A Successful Team

What are the best teams like? This has been a question for years. Many companies have done years of the research to see what contributes to a successful team. Over the years, Google has made this attempt to understand its people. Google wanted to know why some teams excelled over the others. Before this research, the executives believed that building the best teams meant compiling the best people. Julia Rozovsky, Google’s people analytics manager says “we were dead wrong”. (more…)

The Ultimate Guide – How to do Epic Goal Setting

[Video] 7 Step Annual Goal Setting Process with 2 Free Templates

One of my keys to success is having an annual goal setting system. I share a simple framework to set SMARTER goals and some of the common mistakes in goal setting and what you should do instead. I share a vital distinction between 2 different type of goals you should have – habit goals and achievement goals. Finally, I share a video of a 7 step-by-step annual goal-setting process to create unstoppable momentum for your goals in 2018. Read the blog first and then watch the video. Clarity is power. Clear goals lead to a happier and more meaningful life. (more…)

6 Tips that can help you to manage your company’s finances

Managing finance is one of the crucial factors for survival in business. A strong financial structure is required to stay credible and be profitable. Scarcity of funds or mismanagement of finance remains one of the major contributors to business failure and can have your dream come to an end. Here are 6 tips to help you manage your company’s finances. (more…)

Robin Sharma’s 19 Rules For Being Amazing

One of my keys to success is to constantly learn from the best. Robin Sharma has been an inspiration in my life ever since I read his bestseller – “The Monk Who Sold His Ferrari.” I have had an opportunity to see him live in Mumbai. I recently completed his online course on the Mindvalley Quest platform: Think Like a Hero. Perform Like a Genius. Live Like a Legend. It was an awesome 66-day course and I’d like to share one of my favorite parts:

Robin Sharma’s 19 Rules For Being Amazing:

  1. Risk more than is required.
  2. Learn more than is normal.
  3. Be Strong! Show Courage, Breathe, Excel, Love, Lead!
  4. Speak your TRUTH.
  5. Live your VALUES.
  6. Laugh. Cry. Innovate. Simplify.
  7. Adore mastery. Release mediocrity.
  8. Aim for Genius.
  9. Stay humble.
  10. Be kinder than expected.
  11. Deliver more than is needed.
  12. Exude Passion.
  13. Shatter your Limits!
  14. Transcend your fears.
  15. Inspire others by your Bigness.
  16. Dream Big, but start small.
  17. ACT NOW!
  18. Don’t STOP!
  19. Change the WORLD!

Enjoy and share this post.

How Technology Can Help Your Business Gain A Growth Advantage

The Seventh Business Growth Pillar

Technological changes have always reshaped business models. However, what is strikingly different now is the pace at which technology is changing and in turn disrupting all areas of doing business. But, are business models keeping pace with technological changes?

Technology Drives Business Growth In Competitive Markets

Companies that utilize technology to power their business model see a 3x higher growth rate than companies that don’t. Companies that use data for decision making compared to companies that do not have 20% higher employee productivity.

An EY report indicates that, since 2000, digital disruption has affected around 52% of Fortune 500 companies and businesses are failing to use ~80% of their customer data. Notably, by 2018, the top 20 firms in most sectors are most likely to face disruptions that may be caused by sector-specific data platforms.

The survey reveals that although most entrepreneurs acknowledge the impact of technological changes on their business, they either are not ready or have not made it a priority to take necessary steps to transform their business model to stay relevant. First generation entrepreneurs who have prior corporate experience are more open to adopting technology than the older generation entrepreneurs.

Technology Is Changing Business Models

Companies like Uber and Airbnb are disrupting industries with their business models. What are some of the things that you can do? Re-look at your business model. What are the key trends in your industry? What are the key disruptions? How can you leverage new technologies? There’s cloud computing, there’s mobile computing, there are the apps. Can you utilize any of these technologies to actually help you scale up your business that much better? Here are 4 specific strategies to help you use technology to grow your business: (more…)

How to attract funding to grow your business faster

Business Growth Driver #5 - Finance

As businesses grow, funding needs evolve. Funding a business through the various stages of growth is a complex process as it involves choosing the most appropriate source or a combination of sources (equity, debt, friends, and family, angel, PE, VC etc.).

Benefits of Investors

Involving external investors helps businesses in many ways:

  1. It brings in domain knowledge and technical expertise
  2. Opens up networking opportunities
  3. Provides strategic direction to boost growth
  4. Improves financial decision-making
  5. Instills professionalism
  6. Helps build credibility and reputation.

Companies require a well-structured leadership team to handle the corporate finance function. Strong financial controls and governance is the key. Further, companies that have external investors have seen significantly higher growth.  They are better equipped to take more efficient financial decisions.

According to a recent DNA Money article, Private Equity (PE) backed companies have a 40% higher revenue growth over a five year period vis-a-vis listed companies without PE funding.

Like, comment below & share. What do you require funding for?

The 7 Growth Drivers to Scale Up Your Business

Here are links to the various Business Growth Drivers:

  1. Be customer centric.
  2. Develop a 2nd line of leadership that is independent & accountable. This is one of the biggest challenges faced by small business owners. Learn the 7 steps to successful delegation here.
  3. Use a total rewards mechanism to engage & retain talent.
  4. Segregate core & non-core business activities.
  5. Finance – This video
  6. Risk management.
  7. Technology – use it to strategically drive growth.

Titan Masterminds 2.0

Your Ultimate Business Success Blueprint

ELEVATE YOUR PASSION, PURPOSE & PROFITS

  • Would you like to create a powerful, step-by- step growth process for your business?

  • Would you like help with an action plan that will, if implemented correctly, create 100%, or even 200% growth in the next 12 months or so?

  • Would you like to know how to use incredibly effective strategies to market your product or service across various channels?

  • Would you like your business to grow on autopilot without you?

  • Would you like to get off the cash flow roller coaster?

  • If you answered ‘YES’ to any of the above then Titan Masterminds is for you.

Join Titan Masterminds & Gain Access to an Extraordinary Community of
Passionate Entrepreneurs,  Cutting Edge Business Trainings,
World Class Mentoring, & Masterminding Designed to Skyrocket
Your Business Profitability & Growth.

Titan Masterminds is a one-of-a-kind learning academy for passionate entrepreneurs.

Designed to nurture outstanding personal and business growth,

Titan Masterminds offers cutting edge business strategies,
game-changing mindset techniques, plus insights from
world class mentors and experts in a
powerful platform, all-in-one place.

You’ll have access to proven, actionable, and transformational learning that will take your business to the next level (and beyond).

When you’re a Titan…

You’ll learn to escalate your profitability and your business skills to build your dream business

You’ll discover secrets and insights of the top business minds in the world

You’ll create meaningful, new connections in an exclusive community of entrepreneurs who’ll support you every step of the way

You’ll achieve your most outrageous business goals and enjoy every moment of it

You’ll transform and transcend

You’ll soar

You’ll become the extraordinary entrepreneur you were meant to be

Apply Now


 


Titan Masterminds is a powerful, small group mentoring intensive for entrepreneurs, professionals, and senior level executives ready to up-level their businesses and breakthrough to new levels of success. This is a program designed for go-getters and action takers who are ready to play big and it unveils step-by-step insider strategies and structures that multi-crore businesses have used to achieve peak performance and incredible profits. Titan Masterminds is your chance to work with the best and the brightest business mentors and experts in the world, to build your dream business in 12 months or less.

By viewing and evaluating your business through Neeraj’s “7 Drivers of Business Growth”, you will be able to prioritize your business’ needs. 


WHAT PEOPLE ARE SAYING ABOUT TITAN MASTERMINDS


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The Course Content

  1. The Mindset of a Business Titan

    Skill is a power that allows you to complete a goal, but your mindset is the state that empowers you to create and maintain vision. Most people don’t realize that 80% of the time, It’s the leader’s mindset that restricts growth around businesses of all sizes.

 Mindset beats skill.

    Neeraj shares cutting-edge processes to break through your individual mindset blocks and shift your focus to tap into what will make you ultimately powerful and a force for achievement in any business. Learn to install a Growth Mindset of a Business Titan.

  2. The Ultimate Marketing Blueprint

    Create and implement a world-class marketing plan that helps you attract the right type of clients. Discover what differentiates you and use it to create an extraordinary advantage to add value. Develop and optimize multiple marketing channels. Identify new profitable products and markets while minimizing your risk. Leverage the power of social media.

  3. The Total Sales Blueprint

    Learn the proven sales system of the top 3% of salespeople in the world use. This blueprint teaches you how to build trust, create irresistible offers and a killer follow-up system.

  4. Developing a Second Line of Leadership

    Learn how to attract, develop and retain an awesome second line of management. Lead winning teams that have clarity, accountability, and competence to get the rights things done right every time.

  5. Leveraging Technology To Accelerate Business Growth

    We live in an age of dramatic disruption. Discover trends that are disrupting your industry. Learn how to use technology to automate and leverage your business growth opportunities. 

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“I have simplified my business in a phenomenal way post sessions with you. I have further refined my thoughts and have created deep focus… Removed clutter, noise, random feel good activity and everything we do/exist for is what matters and it energizes the team.”
                                                                                                                                 ~ Sanjay Waghani

Program Facts

Duration -6 Months ( 09:30 am to 5:30 pm)  
Frequency – 1 Full day session Every Month

Who is this program for?

  • CEO’s & Managing Directors
  • Leaders of Family Managed Businesses                        
  • Self-employed that want to transition to being business owners

4 Key Reasons Why Titan Masterminds Works

  1. Cutting Edge Business Training – practical, proven and tested ideas in business growth.
  2. Business Mentoring – Hand holding to implement these ideas in your business.
  3. Peer to Peer Accountability to make sure that you get the support to follow through.
  4. Masterminding to crowdsource wisdom to fast track your#1 goals for the year.

Registration Process

To ensure a customized learning experience for all participants, we have limited places (small groups) available for Titan Masterminds 2.0. So please send in your applications early. The Admissions will be on First a Come First Basis. Applicants are accepted after a careful selection process that aims to ensure that everyone gains the maximum possible benefit from our program.

Apply Now

Please take the FREE Business Success Assessment and see if your business is set to grow without you. If you find gaps in your business then the Titan Masterminds program can help you bridge the gaps so that your business can grow without you.


MEET YOUR MENTOR– NEERAJ SHAH

Neeraj_Speaking

Neeraj Shah

Hi, I’m Neeraj Shah – I’m the founder of Titan Masterminds. I’m former National Director of BNI India… and let me tell you I am no stranger to the world of mentoring and business.

I am blessed to be recognized by the industry as a powerhouse business mentor, visionary entrepreneur, speaker and angel investor and I’ve built my reputation the old-fashioned way — with persistence, grit and an unshakeable determination to succeed.

I believe that when it comes to creating a business and a life you love, it’s all about doing less, not more and my methods have been proven to work again, and again.

One of my core beliefs is that a life worth living is a life that is dedicated to being of service to others. My passion and purpose revolve around helping entrepreneurs, professionals and senior executives like you to create a positive impact in the greater world. Nothing makes me happier than watching honest, dedicated business owners achieve their dreams; knowing that I played a part in making those dreams come true.