Wednesday, April 27, 2011

10 child steps to make one bold move.

Remember when we were born, all we know is to cry. A new born baby is heavily dependent on parent to take good care of him. After 6 month the baby starts to turn his body, in the 7th month the baby starts to learn to sit on the floor and in the 8th month the baby starts to crawl and in the first year anniversary, most of toddlers probably can stand and learning to walk. As the growing process continues to accelerate, not realizing that actually the kid not only can run but can mumble a few words such as mama, papa or mumum. These is what I called a bold move which the parents who spend so much time and effort to groom the baby suddenly feel all their efforts are paid off as the toddler can call them mama and papa.

Nothing could take off in a big way if without the child steps taken place. In relation to this simple principle in life, I wish to apply it into two scenarios, self development for individual and business expansion in corporate world.

In this beloved country of Malaysia is lived on with 27 million populations. According to statistic, 30% of the population is between 20 to 45 years old which made up to approximate 8 million people. These 8 million people is deemed the working forces for the country and most likely the bread winner of their own family. In short they are the ones who make money in our society. But from our own observation on people surrounding us, you will realise some of the people could earn money easier than others, of course I m referring to the legitimate means. Let’s just apply the simple 10:90 percent rule, highly likely, 90% of the working forces approximately 7 million people is working for the remaining 1 million people? Really! Is that true do you have any statistic to support? The answer is NO! Deep in your heart, you know this is absolutely correct, you probably choose to deny it as you have not seen the real proof. To give yourself more assurance, just look people around you, how many of them is working for people and who is the unique one that is an entrepreneur! I sure you get the answer now.

Ok, ok! what is there to do with child steps? It simple, this 1 million people who have planned their child steps properly over the years and they have achieved their first bold move or multiple moves in realizing where they are now. the 7 million people are still grappling with their child steps. Going back to the first paragraph, a baby would run if he has not learned to sit, crawl, stand and walk. It is a natural progression that must take place. So there is no easy way out. Don’t not get me wrong, I m not against you working for people. In fact someone always have to work for someone. Everyone in the society is inter-linked. The only question you must ask is what are your child steps for you to progress in your career if you are working for people?

Next, how would child steps apply in business world? All of us know all private businesses are owned by the 1 million people we mentioned above. These people were successful in the planning their child steps that culminated to owing a successful business. Usually a successful business leads to more successful ones. It is true? Let’s put things in perspective, once a business reached a certain size and profitability, the owner will float its business in the stock exchange. The purpose of doing this exercise is to raise public funds for business expansion apart from enriching himself and enroll into the multi-million club. Over-night, the business owner has achieved another bold move in his life. The money he received would have not been made for another 10 years if his business is not floated.

Well, as the saying goes, easy come easy go! The entrepreneur is so excited with its new fresh funds in hand that he can play with. He could have over-confident that another bold move could be achieved in a very short span of time. Now with so much money definitely you could expand your business easily. But this timely round the child steps would have been forgotten! A detail due diligence could has not been performed or expand business to new territory which is not familiar with. After all those are public monies. We have seen many newly IPO businesses and turned bad after just a few years or public funds were used up within short span of time. So no matter how big is the business is and how advance business is, a child step methodology apply all the time. Observe company like YTL, Public Bank, Genting how often do they make a bold move? They have learned the hard way!

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