Fortune News | Nov 16,2019
Jun 5 , 2021
By Million Kibret
In 2017, the English singer Dula Lipa released a single entitled “New Rules,” which immediately became famous due to its beat, electropop, and unique lyrics. The song was praised as a female empowerment piece. What few noticed is that this song can also be adopted by entrepreneurs and businesspersons looking for vibrant and successful business ventures. The song enumerates steps to free oneself from an unproductive lifestyle and to lead happier and successful ones.
Lesson one is "do not pick up the phone."
The advent of the mobile phone has benefited us immensely, channelling information from the wide world to our fingertips with minimal costs. Distances have now become irrelevant to keep closer to our friends and families. Not to mention valuable business transactions conducted using the mobile phone. It has enabled us to lead a posh life with less effort and swift services. Thanks to the mobile phone, an ordinary person now has privileges unthinkable for kings and queens 100 years ago.
However, the mobile phone is not without its costs. Continuous and incessant distraction is one of the priceless costs being paid by individuals using mobile phones. Focus and attention are among the most valuable resources for a businessperson to run a successful venture. The mobile phone has made all events and activities from all corners of the world accessible to one another and calling for our immediate attention. We determine whether a post from a connection or a connection’s connection is valuable or not after it has grabbed our attention and once it has diverted our focus.
The remedy is to resist our temptation and to limit our access to mobile phones. We must earmark specific periods for our access to handphones to keep a laser focus on our businesses. Time is the scarcest resource of our era, which cannot be stored for later utilisation. Unwavering focus is what makes or breaks a business organisation. Our distance from our mobile phones can determine the distance our business ventures can travel. The wisdom is: do not pick up the phone whenever it wishes to ring and use it only when we need valuable business information and interaction. Our focus and attention are the most valuable raw materials for our business.
Lesson two is "do not let him in."
Management guru Peter Drucker nailed it with his famous words, “Culture eats strategy for breakfast.” Culture gets into a business organisation, sleek and unobserved, and becomes the most significant leader in determining the mode of operation and fate of a company. Organisations should be extremely vigilant every day not to let in bad culture, which takes no time to sprawl throughout a firm and become a dominant factor of unproductivity. Building a progressive culture of open communications, curiosity for continuous improvement and a laser focus on customer needs and wants is like building a moat to make it difficult to cross into a castle.
Many companies had their strategies developed by renowned global management firms, which could not save them from the downward spiral of bad cultures under their roofs. Formidable brands became textbook references of corporate bankruptcy and insolvency due to superegos and complacencies, resulting from the colourless and odourless bad culture.
Lesson three is "don’t be his friend."
Most of our active time is dedicated to either friends or families. It is a biological fact that one cannot choose brothers and sisters. Closer or farther, they will be with us during our lifetimes. We can, however, choose friends. Friends matter in a significant way during our adult lives. It has been observed that closer friends have similar lifestyles, leading to comparable successes and failures, simply because they learn from one another. Our friends are more potent than our formal teachers in impacting our lives and in determining our fates. Therefore, do not let everyone who is getting accidentally closer be a close friend. Choose friends carefully. Friendship determines destiny in our personal and business lives.
With those lyrics that package neatly into valuable business lessons, the song sums it up with the most practical approach to embody our plans and strategies: breathe the plans. It is an open secret that most of our new year resolutions are meant only for our notebooks. We forget about our strategies the moment we finish our writing. The song prescribes the foolproof way of implementing strategies: eat, sleep and breathe it. Rehearse it and repeat it.
PUBLISHED ON
Jun 05,2021 [ VOL
22 , NO
1101]
Fortune News | Nov 16,2019
Fortune News | Dec 08,2025
Fortune News | Nov 02,2019
Fortune News | Aug 12,2023
Fortune News | Jan 17,2026
Radar | Dec 27,2025
Viewpoints | Jun 11,2022
Fortune News | May 23,2025
Featured | Jan 17,2026
My Opinion | Mar 09,2019
Photo Gallery | 189999 Views | May 06,2019
Photo Gallery | 179726 Views | Apr 26,2019
Photo Gallery | 176371 Views | Oct 06,2021
My Opinion | 142073 Views | Aug 14,2021
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Jun 20 , 2026
When Parliament takes up the appropriation bill, federal legislators will receive a d...
Jun 13 , 2026
The recent policy decision to fully open freight forwarding to foreign capital may be...
Jun 6 , 2026
For a political veteran as controversial as Getachew Reda, last week's national elect...
May 30 , 2026
Tomorrow, millions of Ethiopians are expected to vote in the seventh national electio...
Jun 21 , 2026 . By NAHOM AYELE
Federal and regional authorities have spent months urging taxpayers to pay more into...
Jun 21 , 2026 . By BEZAWIT HULUAGER
The fledgling capital market is producing the headline numbers its architects hoped f...
Jun 21 , 2026 . By BEZAWIT HULUAGER
Nightly "Z-report" summaries from physical cash registers are to be replaced by real...
Jun 21 , 2026 . By HELINA HADGU
In the fast-growing towns of South Ethiopia, the cost of progress is arriving one cor...