5 Things Businessman must learn from Music Entrepreneur Felix Ghost
There comes a thin line between hard work and smart work. On one side hard work will want you to experience everything while smart work will push you to learn from other individuals weather it is their mistakes or success strategies.
Felix Ghost, CEO of the Biggest record label in UK ‘Winning Records’, is one such notable human who has proved to fuse creativity with business in a constructive and remarkable manner.
Here is a list of 5 such things:
1. Knowing the customer/client:
“A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption of our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us the opportunity to do so”, stated Gandhi Ji in a speech at South Africa.
The customer is the fundamental of business and higher customer satisfaction is the supreme goal. The better understanding and connect one has with the customer, the more it benefits the business.
Felix Ghost established Winning Records with the same perspective and to fulfill his dream of assisting and aiding young artists and fresh talent. Having a good understanding of the customer helped him not only in boosting the business but in ramping up his goodwill as well.
2. Risking and Playing Safe:
Risks are a part of business, either you take it or lose the chance. Although in the current scenario, playing safe is considered a greater risk. A wise businessman recognizes the need for taking the risks by analyzing past data, developing innovative strategies, and in-depth research and development.
Felix Ghost other than these methods also calculates the risk to reward ratio which means only if the reward is decent enough, he plunges for the risk. Winner Records is itself a proof of how taking a risk at the correct point has brought success and fame to Felix Ghost.
It is a well-known fact, patience and foresight are the two most important qualities of a business. Impatience goes hand in hand with a business-bent mindset and is most troublesome at the start-up phase.
Felix Ghost is an individual that inspires many, only after he had gained substantial experience and name in the industry did he set up his company. Patience was the chief key as for a long time he observed and absorbed everything around him which has led him to be a visionary leader today.
4. Mental Stability:
Emotions have no place in business unless you do business with them. To have a sound and practical mind is very important in business. There are very few people who take failure in a positive manner. A lot of startups fail or perform below potential due to the lack of mental strength once faced with failure.
Felix Ghost has been strong mentally, one factor to add-in has been his personal life conditions. He is a man who has proved, “Bloom where ever life plants you” and his story is truly inspiring. It is this strong will that the artists of current generation must inspire from.
5. Innovation and Realism:
Innovation distinguishes between a leader and a follower while keeping a realistic approach. Only after innovating and experimenting comes wisdom and vision which benefits in challenging the competitors. Realism is the key aspect of keeping the businesses alive therefore the goals defined for a business must be substantial and real.
Felix Ghost has always been keen on innovating and experimenting with young blood and makes sure the talent is introduced as per industry needs. He always encourages his customers to think out of the box using the regular concepts. This aids in giving strong competition while keeping it real.
Business is a combination of war and sport, both require a decent amount of work and experience. These tips can be a boon to a lot of businessmen wanting to learn from others.
Felix Ghost has been successful in inspiring and motivating budding entrepreneurs. All entrepreneurs can learn from and follow the path he has carved towards success in order to turn their hard work to smart work.
The Ultimate Guide to the Essential Social Skills in Business
Effective communication and strong relationships are essential for success in the workplace. One factor that can greatly influence these qualities is emotional intelligence, often abbreviated as EQ. EQ refers to the ability to identify, understand, and manage one’s own emotions, as well as the emotions of others. Research has shown that individuals with high levels of EQ are better equipped to handle stress, communicate effectively, and work collaboratively with others (Chamorro-Premuzic & Sanger, 2016).
Research has consistently shown that emotional intelligence (EQ) is an important predictor of job performance and success in the workplace. EQ is comprised of a set of skills that allow individuals to recognize, understand, and regulate their own emotions, as well as the emotions of others. In addition, individuals with high EQ are better able to communicate effectively, build relationships, and navigate complex social situations. As a result, they are often viewed as effective leaders and collaborators, and are more likely to achieve their personal and professional goals.
In fact, a number of studies have demonstrated the significant impact that EQ has on job performance and success. For example, one study of 85 upper-level managers found that those with higher EQ scores were rated as more effective leaders by their subordinates (Law, Wong, & Song, 2004). Another study of 151 employees found that those with higher EQ were more likely to be promoted within their organization over a five-year period (Carmeli, Brueller, & Dutton, 2009). These findings highlight the importance of EQ in the workplace and suggest that developing these skills can lead to significant benefits for both individuals and organizations.
According to a study conducted by TalentSmart, a leading provider of EQ assessments, EQ is responsible for 58% of success in all job types (Bradberry & Greaves, 2009). In contrast, IQ only accounts for about 4% of success in the workplace. This suggests that EQ is a crucial skill set for individuals in any professional field. Fortunately, EQ is a skill that can be developed and honed over time with practice and awareness.
There are several key components of EQ that are particularly important for success in the workplace. These include:
Self-Regulation: This refers to your capacity to recognize and control your emotions. Sometimes treating them when they arise may be necessary. Understanding how to manage your anger is essential. However, it can also cover how to control the feelings you’ll experience.
Self-Awareness: This implies recognizing and understanding your own feelings. Do noisy places make you nervous? Do other people talking over you make you angry? Knowing these truths about yourself shows that you are working on your self-awareness. Being conscious of yourself is necessary for this phase, which can be more complex than it sounds.
Socialization: This category focuses on your capacity to manage social interactions and direct relationships. It doesn’t entail dominating others but knowing how to work with others to achieve your goals. This could entail presenting your ideas to coworkers, leading a team, or resolving a personal disagreement.
Motivation: Strong motivators include external forces like money, status, or suffering. Internal motivation, however, plays a significant role in Goleman’s concept. By doing so, you demonstrate your ability to control your cause and initiate or continue initiatives of your own volition rather than in response to external demands.
Empathy: It’s equally critical to be sensitive to others’ feelings. This may entail learning to identify different emotional states in individuals — for example, can you tell the difference between someone at ease and someone anxious? — but it also requires comprehension of how other people may react to their current situation. Empathy is one of the essential traits in business and business leadership.
A thought leader in this space, Michael Ventura has built a career advising organizations on the importance of emotional intelligence in the workplace. In his book, Applied Empathy, Ventura highlights the value of empathy in business and provides strategies for developing and applying this skill set. With two decades of experience as a leader, facilitator, and educator, Ventura’s work has made impact in with prestigious institutions such as Princeton University and the United Nations as well as corporate clients such as Google and Nike.
Through his work, Ventura advises leaders to focus on the development of EQ in order to help individuals improve their communication, collaboration, and leadership skills, ultimately leading to greater success in the workplace. Experts like Ventura continue to support the growing body of research on the value of EQ in business, and the evidence that organizations who invest in the EQ of their teams help to create a more empathetic and successful professional environment.
And it’s worth noting that EQ isn’t just important for individual success in the workplace, but also for overall organizational success. A study by the Center for Creative Leadership found that EQ was a better predictor of success than IQ or technical skills in the workplace, and that teams with higher levels of EQ tend to be more effective and productive (Boyatzis, Goleman, & Rhee, 1999). By cultivating a culture of empathy and emotional intelligence, organizations can improve their overall performance and create a more positive work environment for their employees.
In conclusion, emotional intelligence is a crucial component of success in the workplace, and individuals and organizations alike should prioritize the development of these skills. The ones that do not only develop a leading edge in their category, but also become a meaningful place to work for their teams. And in today’s rapidly changing talent landscape, the retention of highly capable, emotionally intelligent leaders is one of the greatest keys to unlocking success.
Boyatzis, R. E., Goleman, D., & Rhee, K. S. (1999). Clustering competence in emotional intelligence: Insights from the emotional competence inventory (ECI). In R. Bar-On & J. D. A. Parker (Eds.), Handbook of emotional intelligence (pp. 343-362). Jossey-Bass.
Bradberry, T., & Greaves, J. (2009). Emotional intelligence 2.0. TalentSmart.
Chamorro-Premuzic, T., & Sanger, M. N. (2016). Does employee happiness matter? Journal of Organizational Effectiveness: People and Performance, 3(2), 168-191.
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