Managing your “TEAM” by PG KAILAASH JEEVAN (RYLA 11.0)

We all come across ideas that some call sparks in our daily lives. Among them, some decide to work on those ideas and build them into a product and a business. The real challenge isn’t developing the product but selling it. Yes, when you build something, you will face problems but not as you sell it.

The point when you decide to sell your product is the moment you start building your startup. During this process, you’ve to take care of many parameters. Among those, I’ve bought four significant factors you must be very conscious of spending. I would rather use the word investing instead of spending. Coming to those four parameters, I call them TEAM. We all know how effective teamwork is compared to an individual’s work. But the TEAM which I’m mentioning here is different.

TEAM can be abbreviated as TIME, ENERGY, ASSET and MONEY. These four are the significant parameters which you have to focus on when you are building a startup.

“Time and tide wait for none” is one of the most remarkable sayings, and that’s why I’ve kept it in the first place. Set a rule for yourself that,

“I NEITHER WASTE MY TIME NOR OTHERS”

by the moment you set this, I will not assure you that you will get disciplined with your time, but at least you will start respecting others’ time. You will slowly begin to appreciate your time by respecting others’ time. One of the best ways to save time is to be systematic than occupied. Once you become systematic, you wouldn’t panic about your deadlines.

The next comes ENERGY. Once you have started scheduling yourself, you need enough energy to work on those involving health. If you don’t maintain proper health, you won’t have enough energy to put yourself to work, leading to failure. To avoid this, you must maintain a good diet and daily exercise, keeping you fit. “A healthy body always maintains a healthy mind”. Most importantly, be cautious about where you invest your energy.

Next comes ASSET. The asset includes everything that benefits your startup. It may include your friends, family, network, investors, customers, consumers etc. You must learn to maintain your asset depending on whom you deal with. For Example, your best service brings your customers back to you for their next order; your development impresses your investors; your humbleness keeps your network strong.

Finally, MONEY. Being a startup, you would require a lot of money to begin based on your domain or product. Basic financial knowledge is a must when you start your venture. It helps you to keep track of your earnings, spending and balance in the account. You should also find ways to raise money when required so that you wouldn’t suffer the moment when you need it.

Thus, these are the four critical parameters you should consider before getting into a startup. From my experience, once I started fixing those four things in my life, I began to see positive changes that improved both my startup and myself. If you have come this far, I humbly request you to take a vow to take the rule of TEAM in your life and start being productive.