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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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It is essential for an individual to prepare not only for his/her present but also for the future. You need to prepare yourself well to face adverse situations with a smile.

Let us go through few tips to prepare for the future.

Be confident. Trust me; unless and until you believe in yourself, no one would trust you.

It is essential to upgrade your existing knowledge from time to time. Technologies change with time and it is necessary to keep oneself abreast with the latest developments in your respective fields. You need to know what is happening around you.

Do not be under the wrong impression that you know everything. Remember, there is no end to learning. Try to find out what all new softwares or technologies would be in demand in the near future.

In today’s world, you really do not have to burn a hole in your pocket to learn something new. Now a days, information is available at the click of a button. You just need to take out time to go through various sites which would acquaint you with the latest as well as upcoming developments in your respective domains. Would you like to work as a marketing executive all through your career? Obviously NO.

Mere Educational Qualification and Degree do not help in today’s world of fierce competition. One needs to sharpen his/her existing skills not only to prepare for the future but also face all types of situations with confidence and determination.

Be open to feedbacks from your colleagues and superiors. Do not feel bad if your Boss scolds you or asks you to improve on certain areas. Remember, it is for your good only. An individual is successful only when he/she realizes his shortcomings and also works on the same. Do not feel ashamed if you do not know something. Never ignore your mistakes. An individual who has the courage of accepting his mistakes never fails in life.

Be open to challenges. Do not be afraid to take risks in life. It is not always advisable to stay in your comfort zone. Sometimes you need to come out of it as well. If you come across a better opportunity, please do not hesitate to accept the challenge.

And yes, better opportunity does not mean only monetary benefits but better profile, additional responsibilities and so on. It is essential to stick to an organization for at least two to three years but after that it becomes essential to switch.

Stay alert and the moment you come across any exciting opportunity, do not hesitate to grab the same. Grabbing the right opportunity at the right time ensures a successful professional career.

Read a lot. Remember, knowledge acquired at any stage never goes waste.

Master the skill of time management. Learn to value time if you wish to be successful in the future. Misusing time will not let you survive in today’s competitive world.

Learn to respect your superiors. You may be the master in your respective field but if you do not know how to behave with your superiors, you would fail miserably in future.

Meticulous planning also helps you achieve your targets within the desired time frame. Always be ready with an alternate Plan in case your initial plan does not work.

Develop a positive attitude. Remember, it is your attitude which actually makes the difference. Leave the habit of cribbing and complaining if you wish to do well not only professionally but also personally.

Learn to work as a team player. Gone are the days when individuals used to work in isolation. Now a days, nothing can be achieved if you do not know how to work as a team.

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