From the growing number of portfolios that our readers send us for evaluation, we have identified the most common mistakes.

Simply avoiding (or rectifying) them should put you on the right track.

1. Haphazard investing

Have a holistic view to investment rather than a piece-meal approach.

Often, investments are made with no proper planning or goal in mind.
Instead, factors like year-end tax planning and availability of surplus money at a given point of time guide investment decisions.

Does your Company have a problem in recruiting the right person for the right chair? If yes, try this simple experiment.

Put around 100 bricks in some particular order in a closed room with an open window. Then send 2-3 candidates into the room and close it from outside. Leave them alone and come back after 6 hours, and then analyze the situation:

If they are counting and recounting the number of

      The 90/10 Principle
    
      Author : Stephen Covey

Have you read this before? Discover the 90/10 Principle. It will change your life (at least the way you react to situations). What is this principle? 10% of life is made up of what happens to you. 90% of life is decided by how you react. What does this mean? We really have no control over 10% of what happens to us. We cannot stop the car from breaking down.

Focus on Problem or Solution?

The Difference between Focusing on Problems and Focusing on Solutions

Case 1

When NASA began the launch of astronauts into space, they found out that the pens wouldn't work at zero gravity (ink won't flow down to the writing surface). To solve this problem, it took them one decade and $12 million.   They developed a pen that worked at zero gravity, upside down, underwater, in practically any surface including crystal and in a temperature range from below freezing to over 300 degrees C.

And what did the Russians do...??

Crisis: An unstable or crucial time or state of affairs whose outcome will make a decisive difference for better or worse (Webster's New Collegiate Dictionary). 

With the increasing complexities in business, at any point of time there would be a risk of encountering a situation, which may invariably damage the health or reputation of a company in some way or other if handled improperly by the management. 

As everyone knows, crisis situations can, and do, occur on any project during any stage of development and/or at any time. "Planning before Panic" during a crisis is the key to keeping oneself motivated to continue and a successful (and profitable) business outcome. ( Dennis Woolbert, CEO)