If you thought business plan discussions with teenagers felt strange, think again. Here’s an amazing video by Lindsey Mills in which you can see how primary school students are being trained in business start-ups, and how they start talking about Seed Capital, Venture Capital Rounds, Debt Capital and Income Statements…things which many of us learned sometime during our first or second job! The Start Em Up Business program gives students an introduction to business. Students learn the basic business concepts through playing fun business games, starting a real business, and making money. It feels like training numerous Tiger Woods for business – very interesting. The potential of something like this is immense because in 5-10 years from now, we could see start-ups from kids. You can learn more here: www.simplyoutrageous.org
Category Archives: People
Why Sales Deals Stall?
If you are into any forms of customer interaction or sales, you will benefit from this interesting sales training video by Dan Lappin of Caskey Training, where he shares “why sales deals stall”. It’s just 6 minutes long and worth watching full. You’ll learn three sales strategies that can improve your ability to control the sales process, improve your credibility, and will have your customers pursuing you. This video has been popular with audience at Myorbit from the time we started last year in 2006. So thanks very much to Dan Lappin.
5 ways to benefit from MyOrbit
If you are in any kind of business, then based on our experience of helping companies so far, following are 5 ways to benefit from MyOrbit
1. Get better response from clients and prospects: With nearly a decade of business development experience, I can confirm that trust is established rapidly when a person is visible, rather than email or phone, but then meetings with decision making executives are very difficult. Now, when you send your pitch as a video, there is a significantly higher chance of it being watched, and you are much more likely to hear back with an okay on next steps.
2. Improve Sales & Marketing while reducing costs: We all have our favorite ppts and pdfs tucked into various folders on our laptops. These documents are prepared by subject matter experts. For example, a Banking Solution ppt by your product manager, or a SOX compliance deck by a specialist. We usually send out the deck to a client/prospect and seek a time for a follow-up call. With help from MyOrbit, you can prepare packaged videos to do both these in the first shot. With MyOrbit, you also create your own Industry Group. For example, you can create a Banking Industry Solutions group, which you can fully own and control.
3. Break the linear relation between resource and message: So often, we are trying to get the subject expert to talk about a given product or solution. The problem is, everybody wants to have him in their sales cycle. The solution is to create a set of videos, where this person can describe all his expertise, and then you can use them in discussions, one by one. The organization benefits a lot from this approach. We are helping companies to take such initiative. In addition, there is a specific benefit related to: Foreign Language Presentations: If you are marketing worldwide, and if you want to present your solution in a foreign language, say French of Spanish, then in addition to getting a subject expert, you have to ensure the language too. This is not easy to achieve regularly, and it often results in delays in the sales cycle. It’s best to package such presentations as a set of videos that can be updated once a quarter. Your message will register better, and clients see it favorably.
4. Project Management & Operations Review: If you have a geographically dispersed team, with clients located in other countries, then for those key status reports and review presentations, which happen once a month/quarter, you should consider using packaged video, where the manager can present, in required also use a white board, and the team members can elaborate on specific points. It needs some preparation and extra time than just getting onto a telecon bridge. But those who are doing this are seeing the success from it in terms of renewed contracts and new opportunities.
5. Resource Training: If you have to bring on board new resources on a regular basis, then chances are that today, you are repeating the same sessions. With a bit of planning and effort, you can create simple videos and use the on your intranet.
Why MyOrbit?
Well, we are the leading company out there who’s doing the above things, and we have invested in our infrastructure and services keeping you in mind. Now, few companies do the above things today because (a) it’s new and the infrastructure is getting mature and economical, and (b) it takes a team with experience in different industries and business functions to run a channel like this. Our team is our biggest strength. Our focus on business and professional development ensures that we get focused professionals and executives as audience.
What Next?
This presentation describes how different companies are benefiting from this innovative Internet business channel. There will always be some questions at the end of any presentation, so feel free to share your doubts with us. Contact us and we will show you at least two ways to benefit within 48 hours.
Thanks, Shankar
Understanding Mergers & Acquisitions (M&A) -part2
This is part 2 of the presentation series on M&A.
Link for part 1: Understanding Mergers & Acquisitions (M&A) -part1
In this multi-part video presentation, Nishant Saxena describes the complete M&A process, with learnings from various transactions. We believe this is one of the most comprehensive M&A presentations available on the Internet for free viewing and download: Mergers & Acquisitions Deal Process
About the Presenter: Nishant Saxena is the CEO of Elements Akademia. He has seven years experience in Corporate Finance with Procter & Gamble – including Strategic/ Financial Planning, M&A, Value creation, White-space expansion, GAAP Accounting, and Internal Controls/Audit etc. Worked across various geographies in Asia (Japan, Philippines, India and Singapore) and across various business units. BE, MBA from one of India’s top schools. He founded Elements Akademia in 2007 along with 10 other IIM alumni. The company focusses on the high growth education sector in India and other developing countries.
Understanding Mergers & Acquisitions (M&A) -part1
In this multi-part video presentation, Nishant Saxena describes the complete M&A process, with learnings from various transactions. We believe this is one of the most comprehensive M&A presentations available on the Internet for free viewing and download: Mergers & Acquisitions Deal Process
The M&A process is usually a long process that must go through a range of details, people, and decisions.
- The larger the deal size, the more complicated the process, with more people getting involved, and more views to accommodate.
- If you are buying a company strictly as a financial venture, the M&A process is complicated enough. Adding specific personnel, technological or strategic objectives to the transaction goals simply complicates the process even more.
- Buyers and sellers should understand their specific motivations and goals as they pertain to the purchase under investigation. It is important that buyer and seller understand the perspective and real-needs of the other party.
- The M&A process may take a weeks, months, or even years, though the usual time frames are about 3-9 months. And during this period, the buyer and seller learn details about each other.
- Its absolutely essential to ensure trust and integrity in the process – otherwise the deal can often break at the last minute. No issue is a non-issue. Every question needs an answer.
- Clearly defined goals help greatly in evaluating the impact of subsequently uncovered details. Developing these goals requires advance preparation and evaluation on the part of both buyer and seller and greatly enhances the likelihood of post-acquisition success.
About the Presenter: Nishant Saxena is the CEO of Elements Akademia. He has seven years experience in Corporate Finance with Procter & Gamble – including Strategic/ Financial Planning, M&A, Value creation, White-space expansion, GAAP Accounting, and Internal Controls/Audit etc. Worked across various geographies in Asia (Japan, Philippines, India and Singapore) and across various business units. BE, MBA from one of India’s top schools. He founded Elements Akademia in 2007 along with 10 other IIM alumni. The company focusses on the high growth education sector in India and other developing countries.