I am often asked or offered with a piece of advice from people that I made a mistake in life by taking some wrong kind of people to realize my ambition or start my company or whatever it is. And that I am the sole responsibility of my failures. To analyze this some facts:
- I chose people who belong to that field or who chose the field as their choice in life. After ensuring that is their career choice and passion only I selected them.(The bitter truth is some got job in some other sector or industry..life's choices or chaos?!)
- I am a strong believer of Stephen R.Covey's Win-Win Policy. I took them with a hope that I will realize my ambition in the same time they will take a step ahead in their career.
- The plan was to have a long time connection with the people I chose. For example, involving them in the ESOP plan if company goes public as well as profitable ie., a life time income for them with dividends.
- I have not seen them just as employees but more than that. So I was keen in developing their personal aspects too. I wanted to bring or make them find a leader in them.
- I was not a holder of big business stakes, but a person hoping for a better future as themselves. I started the company to earn a living as well as to realize my long time dream only. This I made them clear in the first day of opening my business itself. A 3 hour meeting or open talk you can call it.
- I wanted them to share my visions. So I always use to talk about that too and make them work for that.
Nothing of the above worked out, because of their ignorance.But really if one at least from that ten have done it right means, I would not have failed. At times when I am securing investments, let it be with other investors or else to my parents, I pronounced one sentence "I know them well and they know me well", The aspect in which I wrong and led to my failure. It is not the game of efficient management or something. It is a game of efficient "MAN" ment. Not as a business, but I wanted it as You win, I will also win with you. But now the question comes like. You failed, who is going to take up the responsibility. Mr. Covey you got any answer?