Education after college

College is a great learning experience. From choosing a major and balancing your academics to making new friends and managing your time, it’s an experience that shapes the rest of your life.

After college graduation, I worked and then again went back to do my MBA. I realize now that those experiences laid a great foundation for my career. However, the real education began when I started working full time. Education for me is a lifelong goal. You don’t have to go to school to be “educated”, the meaning of education is far beyond the confines of a classroom. In the field, in front of your laptop/mobile watching a speech, observing a mentor, reading a book, listening to a subject expert etc are all examples of education.

Don’t let school limit your education. Let school propel you to be a lifelong student.

Your First Sale

Entrepreneurship is risky. You don’t know how your business model will do in the marketplace. You use the knowledge, skills and experiences to create the revenue model that you hope will bring revenue to your business. Yet the real test comes when you get out there in the real world.

You never know when your first sale is going to come. It could be a few days, weeks or even months. You’re anxious and optimistic. The wait sometimes is unbearable as your costs are adding up. But you know that you choose this path of entrepreneurship because you believed in yourself, your ideas and your vision.

The day comes. You have delivered on your promise to the customer. In fact, you have gone above and beyond to get this first sale. Congratulations. That sale (no matter how much you got paid) feels like a million bucks (unless you made million bucks which could make you feel like a billion bucks).Wow. You feel like you’re on top of the world. There’s no stopping you.

Embrace that feeling when you made your first sale. That “top of the world” feeling is priceless. Go ahead and be proud that you did it. Now focus on the tomorrow and keep making things happen.

Developing talent in Nepal

Nepal has a lot of raw talent. I mean its amazing how much talent is out here. I am frequently amazed to meet young people who are hungry, driven and ambitious.

However, that raw talent has to be polished, groomed and mentored. This is going to come with the right platform for the youth and aspiring professionals to display their skills and knowledge. When these individuals get the right opportunity, it can create wonders.

So how can we develop talent locally?

To develop talent locally, it will take effort and commitment from all the stakeholders mainly:

Colleges: Currently most Colleges in Kathmandu are providing just enough or not enough skill development opportunities for their students. These colleges have mostly outdated courses and curriculum and thus need major update. For example, I had to use a book in Marketing Communications class that was eight years old which had only touched on traditional marketing. Content on digital marketing including online and social media marketing was not covered. Students can grasp the content better when we use or reference the tools and resources they are familiar with. Besides the course materials, teaching style of the teachers also needs to be practical, engaging and reflective of industry developments. I have found the use of digital media as one of the most effective ways to grasp the students’ attention and speed up their learning. Colleges should encourage students to do multiple internships before graduation so they get exposure, complement their classroom learning and to have realistic expectations of the job market. My four plus years experience teaching Marketing Communications and Sales Management course at a leading management college in Kathmandu tells me that we are heading in the right direction but there is a lot of work that still needs to be done.

Companies: Currently fast growing companies (such as tech companies) know that the college graduates in Nepal are not as ready for the job market as they would like them to be. Colleges need to invest more in the career development of their students (resume, cover letter and interview sessions) to prepare the students for the job market. Some companies are hiring fresh graduates and giving them adequate resources to quickly build their knowledge and skill. But the demand is much higher than the supply of skilled professionals. This means the companies will have to hire early, groom them properly (pairing them with experienced colleagues, provide a mentor in the workplace) and make them ready through online courses. Companies should also prioritize training and create a team of experienced and dynamic trainers to guide the employees. In terms of scalability of building a talented human resources pipeline, I believe the best approach for now is online training. There are thousands of courses available on platforms like Coursera and Udemy and companies should be able to create a talent pipeline by having their promising employees take the relevant classes. Whether your company wants to increase employees’ B2B sales knowledge or have them learn the data science techniques through case studies, courses are available online from the top entrepreneurs to the leading Colleges and Universities around the world.

Individuals: The best investment an individual can make is to develop his or her knowledge and skills. Individuals should stay updated on their field by watching videos, reading articles/blogs/relevant content online among many other things. There is no shortage of information on the web. A kid growing up in New York City has the same resources online as a kid growing up in Kathmandu. The challenge now is how do you utilize the information available. Additionally, individuals can take up free and paid online courses to stay updated in their field and learn the best practices in the industry. From my experience, successful Nepali professionals are very eager to help out the young generation yet very few individuals take advantage of it. I recommend individuals and young professionals to reach out and ask for help from teachers, professionals, leaders. Best yet, they should find a mentor who can guide them throughout their career.

5 Tech Companies Making an Impact in Nepal

It’s a great time to be involved in the tech scene of Kathmandu, Nepal. There’s a lot of buzz around startup ideas and startup events pop up here and there. Since 2012, I’ve attended a lot of events related to entrepreneurship and startups in Kathmandu and can truly say that things are happening. It’s happening in front of our eyes and behind the scenes and young, enthusiastic and dynamic individuals are leading the technological transformation.

I have prepared my own list of tech companies making an impact in Nepal. This list is derived based on the growth of the company in the last 5 years, innovative product or service of the company, local buzz around the company, company culture etc.

The 5 companies are:

Fusemachines

Grepsr

Others coming soon

  1. Fusemachines

Started in 2011 as Parakhi Dot Com, the company rebranded as Fusemachines Nepal in 2016. The company is focused on building products and services integrating AI. The company’s three core products include SAI-AI Assistant for follow up, SAM-AI Assistant for lead gen and Prospector-Inside Sales platform.

With over 140 employees currently working at their Kamaladi location, Fusemachines Nepal has grown steadily over the last 5 years. The company recently launched an AI fellowship program to train, educate and create a pool of AI specialists. This one of a kind program has given the company tremendous exposure and created excitement for engineering talent.

Fusemachines Nepal has a vibrant company culture and employees lead many initiatives within the company such as Fuse Talks, Tech Talks, Monthly Last Friday events etc. Team members participate in futsal as well as basketball games on the weekends.

Fusemachines has offices in Nepal, US, Canada and the Dominican Republic. The company is looking to hire talented engineers and business savvy individuals at its Nepal office. If you are interested in working at Fusemachines Nepal, write in the comments below or send an email to [email protected] with subject line “Fusemachines Nepal.

The other technology companies making an impact in Nepal will be featured in upcoming blogs. Stay tuned.

Taking on projects

How do you decide on taking on projects?

Do you consider the financial value of the project? its impact? the social gain?

It’s not easy to consider and decide on projects. However, I learned about a simple rule to follow when deciding to whether to take on a project or not. There is a simple strategy shared by Derek Sivers. Take a look at this video.

Entrepreneurship 101: Nepal

Nepal is a breeding ground for entrepreneurs. With the amount of problems that makes up the beautiful and vibrant capital Kathmandu, it makes for a perfect platform for aspiring entrepreneurs to find solutions. The existing problems and challenges have inspired the new generation of entrepreneurs who are not waiting for a government initiative. They are addressing them head on and building ventures in and outside the capital.

Rudra Pandey, an entrepreneur shared his simple insights and knowledge at a recent Udhyami 101: Basics of starting a business event at Nepal Tourism Board.

A short video of Rudra Pandey delivering his speech at the event:

Being realistic is the most commonly traveled road to mediocrity!

Will Smith has been quoted several times saying that Being realistic is the most commonly traveled road to mediocrity!

Image source: IndieWire

The Art of Focusing

Recently, I have become keen on studying the science and art of focus and concentration. We all know that to become great at a skill or activity, focus is one of the key elements. I had previously written about Focus as well.

In his Ted Talk titled Unwavering Focus, the speaker Dandapani does a solid presentation on our current habit of practicing distraction, the art of concentrating and understanding the mind. He states that “It’s in my humble opinion that most people can’t concentrate today, for two reasons. One is, we are never taught how to concentrate; and second is, we don’t practice concentration. He further adds So, how can you do something if you’re never taught how to do it? and How can you be good at something, if you don’t practice it? Those are profound questions. I recommend you watch his 17 minute Ted Talk.

In another Ted Talk by Dr. Cal Newport titled Quit social media, the speaker presents insightful and profound thoughts and experiences on social media. He argues that social media tools are designed to be addictive. The actual designed desired-use case of these tools is that you fragment your attention as much as possible throughout your waking hours that’s how these tools are designed to use. We have a growing amount of research which tells us that if you spend large portions of your day in a state of fragmented attention – large portions of your day, breaking up your attention….that this can permanently reduce your capacity for concentration. In other words, you could permanently reduce your capacity to do exactly the type of deep effort that we’re finding to be more and more necessary in an increasingly competitive economy.

I believe social media by itself is not all bad but you need to manage your time and attention properly. There are things you can do to do great work and still have a “social presence” on the web. Some ways are to allocate certain parts of the day or week to be on social media, to be away from social media when on vacation (it’s hard not to post a selfie on a trip to Italy but you should stay away from Instagram) and to be on only social media sites that you feel is critical to your professional success (LinkedIn rather than Facebook).

 

Focus

Focus is today’s competitive advantage.

The internet has democratized access and information. Do you feel like you are missing out on that Warren Buffet talk at Columbia Business School? Want to learn right from Mark Cuban about basketball and business? How about Seth Godin giving you tips on tribes, marketing and brands? No worries, the tools and tips are right there on the person’s website, YouTube or someone’s blog page. The content is there.

With ample resources at our fingertips, there is no shortage of information and access. Now the hard thing to do is keeping your focus. Focus on what matters. Focus on the little stuff. Focus on constantly learning and moving forward. To do great work, you have to focus intentionally and with intensity. Only then the results will exceed the expectations.

Dr. Cal Newport at TEDxTysons stated that “the market is going to reward the deep, concentrated work required to build real skills and to apply those skills to produce things -like a craftsman- that are rare and that are valuable.”In his most recent book Deep Work , he argues that focus is the new I.Q. in the knowledge economy, and that individuals who cultivate their ability to concentrate without distraction will thrive.

There you have it. Focus.

 

Early in your career

Once upon a time in a classroom occupied by graduate students from different fields, an audience member asked me “What do you recommend – working for an established company or a startup once we graduate?”

I said “early in your career, go work for a startup.”

The experience of working at a startup will teach you leaps and bounds. If you really want to feel the excitement, struggle and success of working in a company, a startup is the place to be. Yes, working for an established company can mean deeper pockets, more security and more structure. However, at the end of the day, don’t you want your work to be more fulfilling, challenging and meaningful? If so, choose wisely.

 

A symbol of…

To be a symbol of something positive is powerful. Powerful enough to inspire people from all walks of life. Powerful enough to be the motivator for people in far corners of the world. Powerful enough to make others realize that there is actually light at the end of the tunnel.

President Obama. Muhammad Ali. Anuradha Koirala. Jay-Z. Prabal Gurung. These are not just someone’s names. Their names inspire people. These names are symbols of hope, courage, equality, hard work, success etc. When you mention their names in a conversation or a speech, it carries a lot of weight. Each of them have rightfully earned respect and admiration from millions of people around the world.

A person who has become a symbol or can be a symbol will have a culmination of successes and failures (experiences). I believe it’s not always important for that person to win every fight, to succeed every time and win every race. You will become a symbol when you do something that you passionately believe in. So go ahead, take the lead, show them that the young cannot be underestimated and rise to the occasion. This is your time. You have become a symbol already.

 

 

Image source: Link

Building a company culture

Leaders build culture. In any organization or group, the leader sets the tone or creates its culture. It’s up to you to decide what direction the organization should take.

As a leader, I believe its important for them to set the culture (guidelines, best practices and values) of the organization. The leader should set the right values of the company and share it with everyone. Values will become the guiding compass when the team members have to make decisions (be it expected or unexpected). If the organization’s values are not created or not shared with everyone, then the team member(s) will make decisions on what they see fit (which may or may not be what the organization would see fit). Thus, create simple values, share it and evolve with it.

A speech that changed many lives

Image source: https://www.iseesomethinginyou.com/

Becoming more productive

I conducted a session on the Eisenhower Box with my team in Nepal.

Here’s Part 1:

The Power of Words

15 MINUTES A DAY (Review)

Wow! What a difference does 15 MINUTES A DAY devoted to learning makes to your life. If you invest just 15 MINUTES A DAY to learning something new everyday, imagine how much you will learn by investing 30 minutes per day or an 1 hour a day and so on. My goal is to be a lifelong learner and to always seek knowledge and wisdom.

In early December 2016, I started experimenting with 15 MINUTES A DAY to focusing on learning a new concept, idea or subject matter. I picked a different topic each day: business of NBA, Superbowl history, video editing tutorial, Tools of Titans chapters, magazine articles etc. The breadth of knowledge gained on different subjects over this period has motivated me to continue this habit.

Some thoughts with experimenting on this habit: I tried to set aside 15 minutes at the same interval each day but it was easier said than done. So I did not restrict myself with a specific time of the day as long as I got the 15 minutes committed to learning. Choosing the topic of the day was really easy as I am curious about a lot of things. Picking the next subject matter to learn is always the exciting part of this experiment. The inspiration can come from anywhere-while travelling, watching TV or just taking a walk.

As Warren Buffet said in a Forbes interview: The best moat you can have is your own talent. How are you developing your talent, craft or passion? Are you investing in building your best moat? Are you learning everyday?

Reading Now: Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers

I am currently reading Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Tim Ferriss.

I first heard about the book when I visited Tim’s blog a few months ago. On his blog, I read Arnold Schwarzenegger’s foreword for the book and it got me more interested to read the book. I also listened to Arnold’s interview on Tim’s podcast and had a little bit of idea of what to expect in the book.

My first impression of the book when I received it from Amazon was “Wow, this book looks like a dictionary.” When I held it in my hand, it was actually lighter than what I had thought. I quickly read the first few sections of the book and then jumped into sections of people whose name I recognized.

Coming soon: Review of Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers by Tim Ferriss.

Connect with the community

We want to be part of something bigger than ourselves. Joining a meetup, attending a networking event or taking part in a conference are some of the ways to be involved in the community.

I’m always looking forward to learning something new. So I attended Your Best Sales War Stories & Holiday Party organized by Enterprise Sales Meetup on Tuesday, December 13, 2016 at BetterCloud premises. I was looking forward to hearing war stories from sales professionals. Mark Birch shared a story of a time when he and a team member went to pitch a prospective client. Although their pitch was great, the prospect did not sign and cited that the team member was wearing a Mickey Mouse watch as the reason for not signing up. It was very funny to hear that out of all the reasons.

An entrepreneur shared a story when he really wanted to meet Richard Branson who was visiting New York City for an event. He figured out exactly where Richard was going to be that particular day and prepped himself accordingly. When Richard was on stage waiting for a contestant, the entrepreneur rushed to the stage, quickly pitched his business idea and handed Richard a napkin with his name and phone number. Two weeks later, he was at Bryant Park and received a call from Richard Branson’s office. It was not a sales war story but I took it as a story of perseverance and connecting with the person you really want to.

Last Thursdays with Mahabir Pun at Entrepreneurs for Nepal

[youtube http://www.youtube.com/watch?v=WLcRyqa5rRI]

A small step for a man, one giant leap for mankind. – Neil Armstrong

Mahabir Pun finished his presentation at Last Thursdays with Neil’s quote. The quote could have been Mahabir Pun’s motto because so much of his own life and achievements started with small acts of experimentation.

Mahabir Pun was this month’s special guest for Entrepreneurs for Nepal’s Last Thursdays program. I had heard of Mahabir Pun a few years back and had always wanted to meet him. My wish came true on the evening of August 30, 2012. Walking into the hall at World Trade Center, I was fortunate enough to find a seat in the front. People who came in after 5:30pm had to stand at the back of the hall as all the seats were taken. After a few words by Vidhan Rana, Mahabir Pun started by saying that he considers himself as a different breed of entrepreneur from the other entrepreneurs who had come to talk at the Last Thursdays program. He went through multiple slides of his village, Nangi and showed pictures of some of the projects he’s involved in. I had done my research on him but was still amazed to learn about the vast number of projects he and his team are immersed in. He’s working with his team to find new trekking routes, hunt down poachers in Chitwan National Park, explore ways to jumpstart hydropower projects, working on telemedicine projects, starting a restaurant in Thamel just to name a few.

I took away a lot of things from Mahabir’s talk that evening. First on an entrepreneur and funding: An entrepreneur is someone who uses or finds unconventional ways to solve problems. He/she relentlessly works hard even if the funding is not available. He emphasized that when you are doing something good, funding will come from somewhere. He suggests that one should not wait for funding to get started and talked about his own experience of not having funds when he first began. Second on going for freedom of opportunity and making Nepal more developed: The goal of an entrepreneur should not be to just make money; he/she should also be motivated to do something bigger like advocating for opportunities for all or doing what they can to make Nepal more prosperous. Nepal does not have an innovation center and Mahabir has is working to create one in the next 3-5 years. He does not believe in building the innovation center on grant money or assistance from the government but rather on taking a soft loan from someone who can provide the team . Third on learning by doing and asking for help when you don’t have a solution: Mahabir is a living testament of someone who is learning by experimenting with different ideas and initiatives and if he does not have an answer, he finds a way to get the answer from someone who does or might have the answer.

It’s not every Thursday that you are amazed to hear how much a single individual has done for the community and the country AND still is driven 20 years later. It’s a testament of his dedication, passion and sheer willpower which has earned Mahabir Pun recognition from the Ashoka Foundation, the Ramon Magsaysay Foundation, University of Nebraska, and Global Ideas Bank. We are definitely proud of him.

Entrepreneurship

My presentation on Why Entrepreneurship? at Prime College on July 13, 2012:

Entrepreneurship Presentation