A follow-up of Ridzuan’s email – “Keep it going. Don’t lose heart!” It is pretty clear that the market is filled with pessimism especially of the poor performance in the US retail sector. The retail sales in US declined to 1.2% in the month of September. (Read article here). It is pretty obvious that export-driven Asia economies will be badly affected as the demand of US falls.
In Ridzuan’s email, I understand the anxiety faced by many startups in Singapore as funding activities will be greatly reduced due to the US subprime crisis. The market sentiment has been worsened when Singapore government has announced that Singapore has entered into a technical recession. A technical recession refers to 2 consecutive quarters of contraction. (Read article here)
For those who are involved in a high burn-rate technology early-stage startup, it is going to possess a really big problem in your venture as many PE/VC are reducing their positions instead of investing more on new ventures. In fact, big MNCs are taking the opportunities to look for “bargain” in the market. M&A will still remain strong despite the global meltdown but that only benefits private companies which have reached a certain scale (Read article here). For those startups that are still in the infant stage, better know how to control your spending. Only the Fittest Survive! If the company can pull through the bad weather, the market will definitely value it differently.
This blog post is not meant to discourage passionate people who are starting up. In fact, I admired people like Ridzuan and Kelvin for taking the path of an entrepreneur. Bad time doesn’t always mean problems. It possesses opportunities too. As mentioned by Ridzuan and Bernard, it is the best time to hire talented people since the big players have already reduced or froze hiring.
If you haven’t read Ridzuan’s email, you can access from here.
I am glad to participate in the seminar: Why Did the Chicken Cross the Road? organized by LCI Executive Seminars. Thanks to BLOG2u for informing me of such enriching seminar!
The seminar is about effective communication. David Goldwich is the instructor of this seminar. He has a BA degree in political science with a focus on political communication, organisational theory and psychology. He also has an MBA with a specialization in Business Mgt and Organisation and a JD degree. In the United States, David practiced law for more than 10 years and is also trained as a mediator.As a trainer, David’s specialisation is in communications and presentation, negotiations, creativity and innovation.
The seminar is a whole day event yet David is able to make what seemingly long-hours lesson into one that is filled with laughter and learning values. All of us have enjoyed the seminar. Rest assure, you will discover the secret of effective communication.
Basically, David’s seminar can be summarized into the following:
- Communicate to express, not to impress
- Seek first to understand, then to be understood
- you learn more by listening than by talking
- People do things for their reasons, not yours
- People have two reasons for everything: One that sounds good, and the real one
- People often act based on emotion and justify their actions with reason
- Perception is reality. People see what they want to see, and hear what they want to hear.
- Whoever frames the questions wins
- Make it easy to say “YES”
- People don’t care how much you know until they know how much you care.
Something in the seminar that is new to me is the Chinese character shown in the below picture.
The ancient Chinese has placed a lot of emphasis on the importance of listening. Very interesting.
Besides using your ears to hear, listen with your heart, watch very carefully for nonverbal signals and treat the speaker like a king. I think this is the most fundamental of effective communication.
If you want to know more about the upcoming event from LCI Seminars, please visit http://www.lciseminars.com/programmes.htm#SES
LCI Executive Seminars
10 Anson Road
#15-14 International Plaza
Tel (65) 63762018
Fax (65) 6376 2260