Once an Entrepreneur, Always an Entrepreneur

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Passionate, obstinate, pachyderm, scary risk taker- this is how people knew me twenty years ago.

In an era that loved engineering and medicine as a profession, I chucked the plan to become an engineer after reading ‘The Republic’ by Plato. After securing a gold medal in Philosophy, I enrolled for a MBA program because I wasn’t old enough to appear for Indian Civil Services which was my parents dream for me.

The entrepreneurial bug bit me in the beginning of MBA Program and I took two simultaneous risks against wishes of everyone – marrying the guy I loved and starting a venture.

Both the risks paid off and the civil services dream got sacrificed.

As my academic interests synced well with my entrepreneurial venture, I worked for others as Founding Director of two Management Schools.

Balancing both the careers was exhausting and exhilarating for a few years. Then working for someone else started troubling my entrepreneurial soul and I got completely engrossed into my entrepreneurial shell.

As a woman entrepreneur and a very passionate parent, life threw more challenges when my husband moved to Mumbai. After three years of long distance experiences, I finally moved to this cosmopolitan five years ago. The newness of this city unsettled me for a while and I could not gather courage to start something on my own. I took the safe route and started working for someone else.

I experienced the same emotions again. In the name of a stable career, I executed hilariously foolish whims of the owners, wasted my time in repetitive, meaningless administrative tasks before I decided to wear my entrepreneurial heels again.

I turned a solopreneur this time and I am loving every inch of my new avatar. The passionate, obstinate, scary risk taker is back.

Once an entrepreneur, always an entrepreneur…

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Dr. Swati Lodha is an Author, Entrepreneur, Motivational Speaker, Parenting expert based in Mumbai. Having written Bestsellers like Come on get set go  &  Why Women are What they are, her book on Parenting will be published soon. Currently, she is running Life Lemonade which offers unique Training Programs on Life Transformation, High Performance Leadership, Women Issues and Parenting.

Connect with Dr. Swati Lodha on Linkedin, Twitter @drswatilodha Facebook

Also read her best articles here!

Three mistakes of our Lives

Get on the Balcony

Most of us seek more happiness, more growth, more acknowledgement, more fame and of course, more money than what we have at present.

Most of us have many reasons like situations, lack of opportunities, use of unethical means or misfortune as impediments that block our road to glory.

Ronald .A. Heifetz talks about ‘getting on the balcony.’ It refers to separating oneself from the thick of action while action is on and move to a balcony upwards to have a macro view of the situation. If I am playing a match, when I get on the balcony, I can see my whole life in the playground, without a bias. I can see myself playing with respect to other players. I can see others making a pass and calibrating a move. I can feel the reactions of the audience and see my own actions.

When I get on the balcony, I realize three major mistakes on my part:

  1. I love stereotypes: Life is not a puzzle for us as we remember all the pieces and place them in the same way, again and again.

‘Men are from mars and love maps’, ‘Praying everyday makes us calm’, ‘Sharing the laundry makes me a good husband’ – are only the tip of our mental iceberg of stereotypes.

When I live my life by nursing some stereotypes, I don’t challenge anyone including myself and I contribute to maintaining the status quo.

Symbolic breaking of stereotypes through government plans and advertising is the biggest stereotype which creates 2 minutes iconoclasts and whistle blowers.

I love stereotypes because I love my comfort zone. I think of adaptive change, I hear about altering my perception and then, I chew eucalyptus leaves like a Kuala and enjoy my sleep.

  1. I love everyone around: I think about many successful friends and acquaintances. I like and comment on different social media platforms about various issues and happenings because I love my network.

When I consume my time and energy in thinking and analyzing all these people, I ignore my very self. I don’t dwell deep into my own dreams and aspirations because I benchmark, myself against my set of friends, colleagues and influencers.

This pseudo closeness to plethora of people takes me away from myself but close to shadows of others.

  1. I love hero worship: I love to gaze at all these super achievers who have made it big in sports, entertainment, business or academics. I am in awe of ace performers who top their lists.

We show respect to heads of institutions, stoop in front of leaders with formal authority. We worship charisma and power.

When we clap for heroes whose fame/power/formal authority wields control over us, we behave like fanatic fans. We ignore the unsung heroes who bring silent revolutions each day to make the heroic acts of the charismatic heroes possible.

When I am on the balcony, I realize that I love to make these mistakes over and over again because I resist change. I resist change because I resist loss. If I start rejecting stereotypes, I will lose comfort of my comfort zone. If I stop thinking about people and start focusing on adaptive change for myself, I will fear the loss of approving acquaintances and supportive friends.

If I will start valuing real unsung heroes, I will lose the larger than life feel that keeps my eyes wide open with admiration.

Do you resist change because you are scared of losing yourself with whom you have been living comfortably without getting on the balcony?

Think.

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Dr. Swati Lodha is an Author, Entrepreneur, Motivational Speaker, Parenting expert based in Mumbai. Having written Bestsellers like Come on get set go  &  Why Women are What they are, her book on Parenting will be published soon. Currently, she is running Life Lemonade which offers unique Training Programs on Life Transformation, High Performance Leadership, Women Issues and Parenting.

Connect with Dr. Swati Lodha on Linkedin, Twitter @drswatilodha Facebook

Also read her best articles here!

RPV Framework of an organisation and a family.

ValuesThree classes of factors affect what an organisation can and cannot do. Same goes with the family.

  1. Resources: These are the most visible of the factors that tell us what an organisation or a family can and cannot do.

According to Clayton M Christensen, Kim .B. Clark Professor of Business Administration at HBS, resources for an organisation include people, equipment, technology, product designs, brands, information, capital, relationships with suppliers, distributors and customers.

Resources for a family include people- parents, friends, extended family, education, finance, career, professional and social networks.

Resources are visible, tangible and can be hired and fired, bought and sold, depreciated and enhanced. Still, same resources given to the organisation or families cannot provide same results because what will transport these inputs into an outstanding output depends largely on the other two factors – processes and values.

  1. Processes: Organisation and families use the resources at their disposal to create products or services or to raise the new generation (children) of greater worth.

According to Christensen, the patterns of interaction, coordination, communication and decision making through which they accomplish these transformations are called processes.

Organisations use formal, informal or cultural processes to perform specific tasks eg: an organisation uses research based processes to explore the consumer behavior and to gauge consumption insights. They would have structured questionnaires, interview techniques to do the same. For investment related decisions, processes to be followed will be different.

In a family, there are traditional processes which have been around for generations while there are processes which children imbibe from their parents. Some processes are new and family specific which depend on the dynamic of that particular family.

Organisations need to let go of inflexible processes which restricts their ability to grow and change.

Families need to balance their need for new processes with the tested old processes.

Eg: A family can use automated fitness bands to track their exercise regime everyday but they need to follow the old processes of healthy eating.

 3. Values: Values are broad criteria about what a company can do and cannot do. Values for organisations have an ethical bent. At the same time, firms had to ascertain what is acceptable gross margin for them, how and where do they want to be after 5-10 years.

Families emphasise on moral values more than in organisation and values form an integral part of growth of a family. Values of a family give its members a reference about what is acceptable and what is not.

As families and organisations grow big, their values change.

Technology is changing core values within organisations and families. Innovations in different fields are leading to major lifestyle changes.

We have entreployees in organisations who work for organisations while they are allowed to invest 20 -30% of their time into some personal project of their choice.

Career choices have changed the way a family would think about a secure, stable career.

If we can figure out RPV framework for our organisation as well as our family, our scenario planning is done for next decade.

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Dr. Swati Lodha is an Author, Entrepreneur, Motivational Speaker, Parenting expert based in Mumbai. Having written Bestsellers like Come on get set go  &  Why Women are What they are, her book on Parenting will be published soon. Currently, she is running Life Lemonade which offers unique Training Programs on Life Transformation, High Performance Leadership, Women Issues and Parenting.

Connect with Dr. Swati Lodha on Linkedin, Twitter @drswatilodha Facebook 

Also read her best articles here!

How to do what you do not want to do.

Self Regulation“I will arrange my closet today.”

“I will surely communicate my real opinion to my team about the new project.”

“I will spend time with my 8 years old the way she wants.”

“This is my last cigarette.”

We know that we should do it all but we don’t.

It has nothing to do with our New Year Resolutions but everything to do with our EFFORTFUL CONTROL.

It is obvious that we like to do what comes easy to us – effortlessly.

If keeping a ‘bursting at seams’ wardrobe is effortless, we will somehow close it and forget about it till we open it again.

If ‘beating around the bush’ is far more effortless than being a “I don’t mince words” leader, I will continue to be a polite leader.

If I find playing Monopoly very boring, I will keep motivating my child to watch a film with me as that is what comes easy to me and interests me.

Letting the cigarette bite the dust forever requires me to take my self control a notch higher.

But how do I do what I don’t want to do but should:

  1. Welcome self change – We are phenomenal slaves of our habits. Resisting change is second nature to us. Giving all sort of excuses like “there is no time”, “there is so much stress” to justifying our behavior seems easier than admitting that we are fooling ourselves to remain the way we are.

First, admit that you need to change.

Second, instruct yourself to change.

Third, make a plan to initiate change.

Fourth, stick to it.

Fifth, pat yourself and talk about it to someone who can empathise and enforce the change.

Sixth, hold on to the change till it becomes the new habit.

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  1. Believe in the law of delayed gratification – Notice children around you. While filling their plates for lunch/dinner, there are some who gobble up their favorite dish first while there are some who would save their favorite dish to be savored at end. The former type will not be able to change easily while the latter type knows the charm of saving the best for the end which keeps them motivated to finish the less likeable but nutritious part of the meal. Former children might not even finish everything on the plate after having their favorite part first.

Delayed gratification empowers us to sit through the mundane but necessary tasks as our favorite task waits for us towards the end. This delayed gratification works only when we auto-suggest the same to ourselves. It should not be offered by others like bait.

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  1. Practice Effotful Control – I read about 12 years old boy from a Mumbai school who realized that he and his friend had a crush on the same girl. He told his friend to stay away from her to which the friend refused. After a few days the friend became a butt of jokes in his class as everyone started calling him gay. He found a lot of objectionable material posted on his profile. The Cyber Crime Cell of Mumbai Crime Branch found out that the 12 year old in the love triangle maligned his friend on facebook.

Not only this, an eleven year old in Mumbai staged her own kidnap drama to avoid writing a tough English test in school a day later. The child, on being caught by Police, revealed that she feared failing in the exam and did not want to be scolded by her dad.

Both the children, in the above cases, did not know where to draw the line on behavior such as this. We, as a society, have failed in helping them develop the ability to control or direct their own feelings.

Obesity among children, addiction to gadgets, drugs, violent behavior, tantrum throwing also arises out of lack of self-regulation.

We, as parents, should do two things to teach our children the art of self-regulation. First, let them feel the sensation of distress that accompanies an unfulfilled need. This is simple. Let us not make everything available to them. Let us not shelter them from feeling of delayed gratification.

Second, expose them repetitively to controllable challenges. Have you seen any child when he learns to ride a bicycle? The child sees someone riding a bicycle or some tutor shows him by holding the balancing act. After modeling for the learner, the tutor would hand over the cycle to the learner. As he practices, the tutor would offer hints and cues by remaining attentive as the learner tries. When the learner tries to balance his feet on both pedals, tutor gives support for a while. Then, he withdraws support gradually but completely. This three-tier approach of modeling, offering hints and gradually withdrawing adult support makes a person learn self-regulation.

Show, Help, Withdraw support – Repetition of the same process will help them develop their stress response mechanism. When the support is followed by independent action, they learn the lessons right.

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Dr. Swati Lodha is an Author, Entrepreneur, Motivational Speaker, Parenting expert based in Mumbai. Having written Bestsellers like Come on get set go  &  Why Women are What they are, her book on Parenting will be published soon. Currently, she is running Life Lemonade which offers unique Training Programs on Life Transformation, High Performance Leadership, Women Issues and Parenting.

Connect with Dr. Swati Lodha on Linkedin, Twitter @drswatilodha Facebook 

Also read her best articles here!