Personal success


Wednesday, December 9th, 2009

Personal Success Depends On Your Ability to Manage Risk

personal successRam Charan has had personal success as a director of Austin Industries and chairman of its compensation committee, as well as a director of the Six Sigma Academy. He was elected a Fellow of the National Academy of Human Resources in 2000 and named a Distinguished Fellow in 2005.

According to Charan, there’s no shortage of companies that avoid risk and instead rely on a fully proven business model; a tried-and-true product mix, or a continued focus on a single, profitable market segment.

Assessing one’s attitude to risk is imperative if you want to see how you will fare in the business world, and especially if you want to gauge your potential personal success. Charan says his most common test in gauging the potential of a business owner is to ask about the person as a leader. Are they really a risk taker?

Living with risk is not an easy idea for some. However, it is possible to learn to take on risk and still sleep well at night. Charan says dealing with risk is a thought process. I believe it is. You have to think through the risks you’re taking, prepare for the potential outcomes, and watch for the early warning signs that your beliefs and assumptions may have been wrong.

The way in which you deal with risk will dictate your progress. An unrealistic view of risk would be a foolish gamble. Keeping a firm eye on your goal, while having a true understanding of the risks involved and a solid plan to manage those risks, is key.

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Friday, December 4th, 2009

Personal Success is in the Bag

personal successWayne Loane has more than changed the status quo when it comes to the skip bin industry, it may even be a complete revolution. His personal success has been assured not only by his revolutionary approach to dealing with building waste but his environmental approach too.

The entrepreneur, a truck and car importer, tried his hand at franchising an innovative skip replacement system. Instead of steel bins he has a range of recyclable polypropylene bags.

The magenta-coloured bags come in three sizes (one, two and three cubic metres), ranging in price from $19.95 to $29.95 and are able to hold everything a regular steel bin can handle. The bags have an added advantage because of their lightweight design and convenience; there is no limit on the amount of time the bags stay in one place. They can be moved, the sides rolled down for easy access and they are even porous.

When folded, they are the size of a shopping bag and weigh two kilograms. When full, customers log onto a website and arrange for pick-up, which costs $75, $95 or $115 depending on the size of the bag. The company even has a crane team that can pick up a bag from anywhere, so it’s not necessary for the customer to keep the bag at the front of their property.

Wayne is also doing his part to give back: he’s donating bags to sports clubs, where the club sells the bags on and keeps the money to help cover the cost of their uniforms and other expenses.

Franchise opportunities are lining up and he has sold many franchises already. The reason? Personal success is guaranteed. The plan is to have a bag in every house, flat and unit in Australia in the next few years.

This entrepreneur is also tying up deals with councils and service stations, looking into the future where his product could help in disaster times as well as just help them keep their communities clean. Given the fact that skip bins are bad for the environment, costly and take up large designated areas, the bag is the perfect solution. And so it seems success is in the bag.

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Wednesday, November 25th, 2009

Archaeology Leads to Personal Success

archaeologyIndiana Jones is the image that springs to mind when one is talking archaeology. Harrison Ford in a hat hanging off a biplane desperately clutching an artefact is far from the reality of fossil hunters in Victoria, however, they are making not only a name for themselves but are expanding fast. This new personal success is a welcome change to their past reality.

Many real-life archaeologists in Victoria are undergoing a popularity surge of their own, leading to personal success that before now was unattainable.  Due to the tightening of state legislation in 2007, which affects developers or government agencies working on land deemed culturally significant, the amount of work has skyrocketed, providing a huge workload for archaeologist Dr. Vincent Clark of Melbourne.

The legislation is very specific regarding sites of Aboriginal significance, where artefacts from hundreds or thousands of years ago, like stone tools used by Aborigines, may be recovered.

While Aboriginal people have been in Victoria for about 30,000 years, Dr. Clark maintains it’s rare to find anything that old. Sites up to 5000 years have recently been discovered in Gippsland. Anything found by archaeologists, which could include fire remains, tools, sacred trees, or more rarely, cave paintings, is noted in the plan and either given to the Aboriginal community, used for education, left alone or filed in a report.

Beginning his archaeological career in his 20s in Jordan due to the fact that his interest was not catered for in Australia, Dr. Clark eventually started his own business after being made redundant from his public service job in the mid-90s, working mostly on his own from his garage. Then in 1998, he took on more staff for his first big project, undertaking archaeological studies of the land that about 40 kilometres of the Calder Freeway was about to be built on.

He has in the past two years expanded his one-man operation in his garage, more than doubling in size to nine-full time employees, plus casual workers.

The relatively new personal success means Dr. Clark often spends more time managing employees and juggling the finances than getting out in the field, however, his years of sifting through historic treasures have given him a particularly interesting look at life. He says people would be surprised to know what lies under the suburbs and under the CBD as well.

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Monday, November 16th, 2009

Personal Success with Coal

Personal successAllan Blood has made a lot of money and achieved personal success with coal.

And no, that isn’t a tall poppy type statement. It’s a fact. He has every right to be upbeat about the prospects for Victoria’s vast reserves of much-maligned brown coal.

His company, Australian Power and Energy Ltd (APEL), proposed to use new technologies to develop a lower-emissions power station while also turning coal into diesel. APEL was a project-specific company, its only interest the new $5 billion Latrobe Valley-based power and coal-to-liquid scheme. In 2004, APEL’s 260 shareholders on-sold the company, the project and the coal licence to the international Anglo American. Last week, Blood confirmed the company sold for more than $100 million. He won’t tell how much he made, but he does not deny he did well. So personal success aside what was it that made him go after such a strange and specific business?

Mounting concerns about climate change did not deter him from following an entrepreneur opportunity. The West Australian resources entrepreneur paints a rosy picture of his dream of a future in which the Victorian Government gets its policies ”right”: when it opens up its coalfields for a range of uses, not just for burning in local power stations; when it approves the use of caverns under Gippsland to store the gases that come from the ”cleaning” of coal; and when it helps build a vast network of pipes and other infrastructure to carry with ease coal gas and products for export.

Perhaps his personal success will guarantee other utopian visions and spur him to dream even greater dreams

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Wednesday, October 21st, 2009

Lack of Sleep Hinders Personal Success

lack of sleepWhen you are starting a new business you will find that you don’t sleep very much. Personal success depends on you not only exercising and working, but sleeping too!

You need deep sleep. Many entrepreneurs will boast about only getting 2 or 3 hours a night, but research shows that neural connections are made when you’ve hit the deepest stage of sleep, and that occurs typically over a seven to nine hour period. To achieve personal success you need minimally 6 hours of good sleep and you need to be asleep before 2 am. Your brain manufactures different chemicals after that time for some strange reason and the sleep is different. If you go to sleep after 2am experts say you may wake up in the morning groggy, even if you get a full 6 hours. Being groggy and feeling like you are in a waking dream like state is not ideal for heading into an important meeting!

Thomas Edison solved this problem by grabbing short naps and working constantly. If you struggle to sleep, go for a long walk and look around you. Get out of your head and try and forget the problems by looking at the world.

So next time you are working yourself to the point of exhaustion, stop, take a breath and think about the last time you slept. Working until you can no longer concentrate on the problems at hand will not help you achieve personal success. Remember, we strive to be successful so we can enjoy our lives, which include snuggling up in bed occasionally.

Shane Krider- Polaris Media Group

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