4 Must Read Books for every Entrepreneur

Work Life Balance

07 December 2016

4 Must Read Books for every Entrepreneur

  • Posted by Awfis Editorial

Entrepreneurs are always looking for mentorship. Books can be great mentors. They are written by leading experts or are about them. The inspiration that one can garner from good books is immense.

Here are four must read books for all those aspiring to start their business:

1. Zero to One

Author: Peter Thiel

zero-to-one-book-cover

“Creative monopoly means new products that benefit everybody and sustainable profits for the creator. Competition means no profits for anybody, no meaningful differentiation, and a struggle for survival.” – Peter Thiel, Zero to One

Optimism is required as a budding entrepreneur. This book has a great amount of it coupled with some great advice. Peter Thiel, founder of Paypal, in his book pushes an important concept: think for yourself. According to him, the world has reached a point of technological standstill where everyone is trying to better the same product or service and staying at 0. Rather, new inventions should be made by thinking for yourself so your company can go from 0 to 1.

Another concept covered in his book is that of a mini-monopoly. Before releasing your offering to the world, it needs to be established, accepted and made popular amongst a smaller community and niche market. One this small monopoly has been set, then only can you move on to the next level. Facebook would not be as famous if it hadn’t taken over the Harvard campus and if Zuckerberg hadn’t fixed the bug issues first.

This 200 page book certainly has the power to make you feel motivated to get started on your company right away!

 

2. Losing My Virginity  

Author: Richard Branson

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“I can honestly say that I have never gone into any business purely to make money. If that is the sole motive then I believe you are better off not doing it. A business has to be involving, it has to be fun, and it has to exercise your creative instincts.” – Richard Branson, Losing My Virginity

Richard Branson’s autobiography can make anyone believe that entrepreneurship is nothing but a fun, adventurous journey. His honesty about his personal life and humility about admitting that all the ideas were actually not his alone will leave you knowing him on a deeper level. He even admits that the name ‘Virgin’ was also coined by someone else!

Richard Branson has always explored avenues which have both fun and money involved. At the age of 16 and suffering from dyslexia, he found his calling as a businessman when he started his own school paper called ‘Student’. It survived until he realized that he was too dependent on the postal service. Moving on to his own music store, record label and then airlines industry, Richard Branson has always gone with his gut feeling.

His main motivation has not only been to have fun but also to prove the others wrong and show them that nothing is impossible. His biting adventure from surviving bankruptcy, opening businesses in exciting sectors to round the globe hot air balloon rides is extremely gripping.

This 600 page book certainly has the power to make you take calculated risks and just have fun!

 

3. The Obstacle is the Way

Author: Ryan Holiday

the-obstacle-is-the-way-book-cover

“It’s okay to be discouraged. It’s not okay to quit. To know you want to quit but to plant your feet and keep inching closer until you take the impenetrable fortress you’ve decided to lay siege to in your own life—that’s persistence.” – Ryan Holiday, The Obstacle is the Way

Many entrepreneurs feel fear in the face of obstacles. This book will melt away all your fears by giving examples of leaders who have been overcoming obstacles all their life. It will make your adversities seem like speed breakers as you read about the mountains personalities like Amelia Earhart and Steve Jobs needed to overcome.

Each chapter covers a business principle and an eminent personality who used this principle. There are many things to learn from the book. Change in perception by asking yourself and others what you can do in a situation where you may feel helpless to practising effective stoicism are some of the tricks you will imbibe.

This short book certainly has the power to help you face your fears!

 

4. Originals

Author: Adam Grant

originals-book-cover

“Being original doesn’t require being first. It just means being different and better.” – Adam Grant, Originals

A variety of thought provoking perspectives can be observed in this book by Adam Grant, a professor at Wharton University. His observations such as procrastination is the consequence of your brain’s need to improve the idea till the end is completely supported by Martin Luther King’s I Have Dream Speech and Abraham Lincoln’s Gettysburg Address. Many such observations and learnings can be seen in his book. He believes that the status quo must continuously be challenged and improved. The world needs to improve.

He cites examples from politics, sports, business and entertainment. He teaches how to recognize a good idea and the fact that many ideas need to be executed in order to establish a business that is wildly successful.

This 300 page book certainly has the power to change your thought process!

These four books will help you face your fears, change your perception, take risks, have fun and get you motivated to start right away. Adding them to your library will be a definite value addition!

These 4 books can change your perspective towards handling your business. But a productive work space is essential for you to find your inspiration. Choose from shared office spaces across Delhi, Mumbai and Bangalore.

Agile Versus Activity Based Working: Which One Will You Choose?

Work Life Balance

21 September 2018

Agile Versus Activity Based Working: Which One Will You Choose?

  • Posted by Awfis Editorial

The way the modern world is shaping up is also deciding the way we work. Many organisations have come to realise the importance of, and the need for, flexibility in the workplace. Employers who allow their people to choose how they work are seeing the immense benefits this approach has on the individual as well as on the organisation as a whole.

Two such increasingly popular ways are Agile Working and Activity Based Working. Despite the two being different, they are often mistaken to be one, or people use the terms interchangeably. So, what are the two and how are they different from each other?

Understanding Agile Working

This approach gives employees maximum flexibility in choosing how they want to work. Employees are free to work from home, or from office, or figure out a combination of both. At work too, employees can choose whether they want to work from their fixed desk, or want to shift to a standing desk or work from a non-traditional space, such as the common breakout area.

The idea is to embrace openness and flexibility. Also called ‘smart working’, this allows employees to make the most of smart technology and cloud-based applications. By adopting this autonomous work culture, companies can attract and retain the best talent.

The advantages:

-Greater sense of autonomy and freedom for employees

-Job satisfaction, leading to better engagement and talent retention

-Overall reduction in operating costs

The challenges:

-Calls for a major culture shift for both, employees and management

-Can’t be applied selectively. The entire business needs to buy into the concept

-Requires smart technology and supporting IT infrastructure

Understanding Activity Based Working

Like Agile Working, Activity Based Working also focuses on giving employees the freedom to choose how they work. However, that’s where the similarity ends.

Where Agile Working is about the contribution of an individual employee, Activity Based Working takes into consideration teamwork and group culture. Here a lot of importance is given to changing workplace culture and design to suit team connections and to foster collaboration.

This approach works best around an open-plan office, with a healthy mix of quiet corners, collaboration booths, meeting rooms as well as huddle spaces. Businesses that have adopted the Activity Based Working approach notice improved levels of productivity as individuals can choose to work in workspaces that are best suited to the task at hand.

The advantages:

-This offers employees a choice of different workspaces

-There is greater autonomy for employees which gives them a chance to perform at their best

-Employees are more engaged and there is definite improvement in productivity

The challenges:

-Does not work with every type of industry or job role

-Requires a major shift in office work culture and management techniques

-Could entail physical re-structuring of workspaces

Conclusion

Both, Agile Working and Activity Based Working will give your business a competitive advantage. It is simply a matter of understanding which approach works best, or whether a combination gives your employees a chance to perform at the peak of their potential.

What Are The Factors That Enable A Flexible Work Environment?

Work Life Balance

30 July 2018

What Are The Factors That Enable A Flexible Work Environment?

  • Posted by Awfis Editorial

The way we work is changing, and businesses have to revolutionise how they manage the workplace and their talent to create a positive environment for all to collaborate in.

How do employees want to work? Do they want the privacy of cubicles where they can work without the fear of interruption and disturbances? Or do they prefer open plans which remove all obstacles to collaboration and foster innovation at a wholly new level?

How about a mix of both?

Take this workplace experiment carried out by advertising genius, Jay Chiat, who declared that his office was gong the ‘virtual’ way. Mind you, this was somewhere in 1993, long before words like flexi-hours or ‘work from home’ had entered our workspaces.

In his experiment, he decided to abolish cubicles and dedicated desks. Only open space and freedom. Unfortunately, this radical idea bombed. His workers rebelled, and he had to redo the office design. Yes, his people wanted freedom but not at the expense of losing their privacy entirely. What he needed was flexible working, an idea that was to catch on many years later, now.

Are you looking for ways to incorporate flexible working in your workplace? How do you make it work? By addressing these needs.

Give employees the power to choose how they want to work

As long as the output aligns with the final goal of the company, it does not matter how your employees work. Do not force them to do it ‘your’ way, but rather give them the space and freedom to achieve their goals in the way they deem most convenient.

This distribution of power is what constitutes a truly flexible workplace. When you let go of control, you will see an immediate shift in the way work gets done. It tells your employees that you trust them, which, in turn, empowers them to perform better.

Work is something you do; not some place you go to

A business looking to create a healthy work environment has to understand that every individual performs their best work in their own ways. And for this, businesses must support the employee’s method with the right tools.

About 25 years ago, around the same time that Jay Chiat had tried his virtual office experiment, Erik Eldhoen, a consultant, coined the term Activity Based Working (ABW).

According to this concept, work is an activity rather than a place to go to. And for that to work, workspace should be malleable. Employees should be able to mould and shift their work environments as per their mood, personality or type on work on hand. This is possible only if they have the right tools and technology that allow constant changes or movement. Surprisingly not many businesses, even those that claim to be flexible, are providing that.

Did you know that even today fixed technology outnumbers mobile technology by 2:1? This means that not every employee can take a business call while walking in the garden or concentrate on a project in silence, away from the daily bustle of the office.

By being able to move away from a traditional fixed-desk set-up and giving workers a chance to get the best of both worlds in their workspace, businesses can not only boost creativity but foster unexpected collaborations too.

Enable uninterrupted work

Employees look for a nourishing place where they can achieve their goals, in peace and quiet. As a business, it is your responsibility to create such an environment.

It might shock you to learn that on average, a worker is interrupted every 11 minutes, and that it takes 23 minutes to be able to get back to the task at hand.

Your workspace, whether it has cubicles or open spaces, needs to contain quiet private corners for employees to work from.

Foster innovation, don’t stifle it

There are some businesses that have not yet touched flexible working because they have an unfounded fear of losing control and encouraging chaos. To them we say, done right, a truly flexible work environment will in fact a foster innovation.

 

To conclude…

Those workplaces that combine the design of space and the right technology are today a creative worker’s destination of choice. Work-life balance is a thing of the past now; people are looking for work-life integration. And people who are in the business of workspaces, like coworking spaces and business centres, have recognised this need and cater to it. From private cabins, to flexible desks; from open collaboration zones to sound-proof meeting pods and phone booths; there’s a space for every type of work style.

5 Ways Your Next Vacation Can Improve Your Productivity

Business How To’s

18 June 2018

5 Ways Your Next Vacation Can Improve Your Productivity

  • Posted by Awfis Editorial

Vacations

It doesn’t matter what kind of a job you do; whether you work full-time or part-time, or even whether you run your own business or are employed in a company. If you are working, then you need to take a break. But therein lies the problem.

Do you believe that taking regular breaks will make you seem less serious about your job? Do you think that you will miss out on what’s happening at work? Or, and this is the biggest pain point, does the thought of the backlog that will be waiting to scare you from taking a well-deserved vacation?

The truth is that when you spend 1/3 of your life, about 90,000 waking hours, working, you need to take a break. All that accumulated leave that you are so proud of needs to be used up and not encashed at the end of the year. If you think that your manager will be pleased to have a workhorse on the team, think again. She probably knows that a vacation is actually a great way to increase productivity and creativity.

Don’t believe it just because we say so. Let’s look at the science behind why taking a vacation can help you get ahead at work.

#1 Daydreaming improves problem-solving skills and enhances creativity

What do you do when you’re on a vacation? No, we don’t mean spending hours on the phone or on the laptop checking emails.

Vacation time means lounging by the beach or the pool or just walking down narrow streets lined with trees. And as your feet wander, so does your mind. Away from the tunnel vision of daily work, wandering gives your subconscious mind a chance to take charge for once.

Daydreaming, it has been shown, uses the complex parts of your brain, those that are associated with problem solving. So when you give your mind a break from work, you can actually think clearer and find creative answers to problems that have been on your mind all along.

#2 Find happiness at work

It doesn’t take a genius to know that a happy person is a more productive person. Make that a happy and relaxed person. And going on vacation allows you to become just that.

The mere fact that you are on a break from work and the humdrum routine of office, raises your happiness levels. You are less stressed, more creative, healthier, more productive and, as a result, also likely to rise up faster in your profession.

Do something nice for yourself for a change; take that break.

#3 A vacation improves performance

Stepping away from work and office could undoubtedly make you better at work.

It gives you a change in perspective. You could meet someone interesting and suddenly view the world or your job from a new angle. A break gives you a chance to recharge your batteries – emotional, mental and physical. The renewed energy is infectious and your entire team’s performance can go up.

Travel can expand your mind and help you push boundaries that you never even knew existed. When you travel, especially to a new place, you will find yourself looking at things differently.

#4 Makes you a better business and thought leader

Besides improving your performance, a holiday can make you a better leader. The travel experience will open up the world to you in ways not possible within the confines of an office.

You could develop (or improve) your communication and teamwork skills. Travel will teach you about different cultures, a crucial asset for any business leader in this global economy.

When you visit a new place, when you step outside your comfort zone, you can reach levels of creativity that you never tapped before. Your decision making, time management and problem solving skills will be tested. Travel is a good teacher who can show you how to adapt to a new place and how to deal with stressful situations beyond your control.

And as a strong leader, polishing these skills could help you challenge the status quo and bring about a change, not just in yourself, but in the way you are perceived at work.

#5 Lose that stress to get the creative juices flowing

No one can be 100% creative, 100% of the time. Not 24 hours, all 7 days of the week.

If you find yourself getting stuck in a rut, the best thing to do is to take some time off. There are some people who take off for months every year just to recharge themselves, but that isn’t possible for the rest of us. However, even a short break can help get those creative juices flowing right away.

Convinced yet? Although it might be difficult to find the numbers that can substantiate the correlation between taking time off and increased productivity, we all know that we are not doing our best when we are exhausted, physically or mentally.

We’ve said this before, and we will say it again. Do something nice for yourself and your work today; take a vacation.