Business Skills Training Video By Vivek Bindra at Dubai in English

[Music] [Applause] [Music] [Applause] [Applause] [Music] few important messages that I'd like to share there may be few first movers but you've got to become fast mover I can see a lot of young entrepreneurs here hear me now there's an important message I want to give you there may be a lot of first movers in your industry but you got to become fast mover of your industry Nokia was first mover P gone Blackberry was first mover P gone ericon was first mover P gone Yahoo was first mover gone the organizations the average age of organization was 70 years 100 years ago now it's seven years the it's disruption change inury then telegram telegram was disrupted by corer got disrupted by emails got disrupted by social media got disrupted by WhatsApp now at least 20 teams are ready in Silicon Valley to disrupt the WhatsApp hear me now the world is changing are you with me yes no yes Facebook Facebook it was Hot or Not website which was actually a failure he bounced back to make Facebook YouTube YouTube it was an online dating website which actually people got bounced back to actually make finally what it has actually come out to be Instagram was not Instagram in the first go it was a heavy nonsensical mobile application by the name burban Kavin was the founder of Instagram a lot of entrepreneurs when they see failures they fall down come on on you don't have to fall down you got to bounce back give me your right hand come on little louder come on say bounce back bounce back now one thing that is needed for you to tackle with every failure is bounce back nothing much come on you've got to bounce back in every tough time all the success stories in the world are all stories of great failures it is their ability to bounce back that has actually made them successful you don't become successful you may not become successful the first go it's okay the world is changing fast you may not be a first mover but you got to become fast mover Yahoo bought hot mail from sair baa in the year 97 Google got Gmail in the year 2003 Google was not first mover but it was fast mover where is Yahoo gone finished Hindustan uni liever was first mover in India Proctor and Gamble first mover daber first mover Himalaya first mover growing by 10 to 15% he every year then came a fast mover pangali by Baba ramdev growing 200% every year you cannot survive by staying the first mover are you with me yes no you've got to become fast mover the world is changing the world is changing now so typewriters got disrupted by computer got disrupted by laptops got disrupted by smartphones getting disrupted by smart watches everything is getting disrupted things are changing fast so even VI bindra was not first mover in the industry but VI bendra is fast [Applause] mover speaker but we would like to be fast mover hear me now here we go and right now I'm 34 but believe me in next three years we're going to do some great things there is no large corporate in India which is not inviting me for any program hear me now but you know why will that happen just because I'd like to be a fast mover and that's my role that's my role today I was not intending to speak at all because my throat I'm not keeping well I have to take a flight tonight to go back to Delhi to do a program with a mobile Manufacturing Company I'm doing more than 50 seminars every month I sleep in the aircraft and I work all day and night you know what hear me now one thing important I got excited to see the young budding entrepreneurs one of the important message that I'd like to share with you here today what would you like to become come on self start or push start come on little Lou come on self what do you want to have personal power or positional power personal power personal power that's great young boy very good Mahatma Gandhi had which power personal power or positional power personal power Rahul Gandhi oh okay okay yeah you got it right thank you thank you here we go you see I'm not anti- Congress I'm not anti- Congress but what is important here is to understand that when you gain your personal leadership is influence nothing more nothing less leadership is influence nothing more nothing less One More Time come on leadership is influence nothing more nothing less what is the quality of your influence that you're creating in society this an important question here we go my last two points that I want to share with with you today we may not meet ever again but let me give you these learning that I've actually gathered I've kept it little lean and smart quick few pointers only if you want to really develop a billion dollar business entrepreneur sitting here come on if you really want to develop a billion dollar business of course I have lot of videos on these topics people in 190 countries are watching my videos s l nearly about one nearly about 13 million viewers who are regularly watching these videos on YouTube they search they search my name as VI mindra there's a video on secret of billion dollar business these are all free of cost we don't charge you for these things hear me now I'm not here to sell myself I'm here only to help you succeed that's my focus yeah one of the secrets of billion dollar business is to remember four things the first thing is never cut your gross margins expansion without gross margin is committing suicide One More Time come on expansion without gross margin is committing Sude compounding interest that will kill your organization hear me now you've got to maintain your gross margin I see a lot of people giving [Music] discount competitive Advantage say you grow in your business so for first thing is profitability then second thing is scalability a lot of organizations they manage profitability but they miss out scalability they remain lul gulab jamun Wala who knows how to make gulab jamun amazing London Queen we'd like to have your amazing Gab jamun Barack Obama L we'd like to have your gab Jam lul got famous covered in CNBC TV8 CNBC a Economic Times Bloomberg UTV now the business of L will grow loudly yes no come on loudly yes no yes no why because L had profitability G Jam cost price selling price 50 rupees amazing gross margin but there is no scalable model L Manpower develop high performance team develop could not prepare those scalable models could not develop those processes through which he can actually train and develop a high performance team have you developed and cultivated your high performance team of this is because those navaratnas that Akbar could actually control the entire country he me now it's an important thing to build a high performance team on scalable model profitability scalability third point is is actually speed of transaction a lot of people take loans to begin the business but their speed of transaction is slow and the turnaround time is slow so cash deta turnover ratio goes out cash inflow come outow they go out of business dangerous fourth point is there is final Point called comparative advantage compa Advantage comperative Advantage is that one thing that can take your business to any Heights 90% gross margin Microsoft no doubt Bill Gates is a billionaire people do not have to take discounts what is needed is to build your comperative advantage strength bu basis you develop a frog leap which is called Blue Ocean strategy not red Ocean strategy red Ocean strategy different fishes are coming and eating away market share market sh% struggling business you find out your comparative strength and create a whole new recreate the market boundaries recreate the market Space by making it blue ocean where there is no competition but you are the competition when you focus on your strength see big bigger biggest small smaller smallest unique uni uni unique signature strength there's only one unique find out your unique signature strength and build a competitive advantage AG do not try to do everything a man running behind two rabbits catches neither so don't try to run behind everything don't focus on the multiple things focus on the main thing come on don't focus on the multiple things focus on the main thing don't focus on the width focus on the depth find out your comparative advantage Maggie 2minute noodle noodle Maggie 2in Nole nonsticky Nole 2 minute recreated Market space 100% market share there is no competition I am the competition find out what is the nice analysis of your client need interest concern expectation find out a nice analysis need interest concern expectation called leadership funnel lot of entrepreneurs they come and join my program I do in Delhi and Bombay it's an openhouse Workshop vikas Singa is here he organizes the programs for these entrepreneurs that to train them on how to build a scalable model and actually create comparative strength become super Specialist of what you do come on do not remain mediocre come on don't remain mediocre you are not born to remain meder you could do great things Bas people miss out it is called a light kite will fly high end to end my last Point come on last point of the day end to end Apple was most premium mobile Manufacturing Company manufactured zero mobile of Their Own Facebook world's largest media content company creat zero content of their own Alibaba world's most valuable retailer has zero inventory of their own Uber world's largest taxi service owns zero taxi of their own Airbnb world's largest accommodation provider has zero real estate in their own name WhatsApp world's largest messaging service has zero server of their own the world is changing Str margin they kill their business they commit suicide and that is my focus today I'm creating these free videos I'm not here to sell my program to you if you're not able to meet me in future keep watching these videos they're free of cost we will never charge you because that's my mission gentle nobody can excite me with money but my focus is to help you succeed that's why I'm here and I want to thank you all for your attentive patient listening it's my great Fortune to be amongst all of you thank you very [Applause] much thank you you can also send me a Facebook friend request to remain in touch so that we can stay in touch you can send me some messages whenever you need my help um and I want to thank world leadership Federation Mr Sunny each one of you here all the entrepreneurs and especially my team of global act which is actually making me who I am today we are changing every day we are improvising every day we are not here to prove anything we are here to improve on everything that we want to prove if we focus on to improve you know it's a proof in itself that we are proving and when we are not improving it's a proof in itself that we are not proving and when you're trying to prove it's a proof in itself that you're not improving so focus on improving not on proving don't focus on the fruits focus on The Roots When the roots are good fruits are automatically good and these fruits of awards are here because your roots are really great so I want to congratulate you one more time thank you very much thank you I think we are highly motivated right now is it let's move to the third set of awards first category is Leadership Excellence award think Tong of corporate Asia and the winner is none other than Mr vi bindra from the Global Act [Music] [Applause] [Music] [Applause] [Music] [Applause] [Music] [Applause] oh [Applause] [Music] [Applause]