How to prepare for future?

futureIt is good to be carefree and live life for the moment. It is also important for young people to prepare for future. The best preparation for future is to live well in the present time. There is something more you can do. Let us explore.

For people in 20s-30s

Document: Start documenting your journey or learning of life. This is for posterity. Write in a diary, blog or better use video to record your thoughts.

Review: Review your day, week, months and years. It will help you stay on course. When you do you do this, you will be able to meet future with confidence. Check personal review for more on this.

Be Open: Be open to new ideas, read about innovation and once in a while do the new – new clothes, work, and ideas. This will most likely develop a habit of being open. You need to be open to opportunities and new way of life – which is inevitable with changing times.

Spend your time well: Be consciousness of your actions and spend time in a meaningful way. If you are reading this as a young person  – you may focus on creating a life that you will be happy about when you look back.

Value what life has given you: Never undermine the value of friends and family. They are the ones with whom you will share your success and joy as you move forward.

This preparation can start at any age, earlier you start better for you.

For those between 40-60 years of age

Those of you who have already lived on this planet for 40-50 or 60 years – can prepare for future as discussed above. In addition you can also get into meaningful action – having learned some of life’s lessons. Here is how you can do it.

  1. Accept: This is the most important part of the transition. As you grow old you need to accept the fact and make any changes required accordingly. Slow your pace as the need be. Indulge in physical activity that suits you. Yoga and Tai chi are two forms that you can try. Accept and move ahead. Do not rest on your laurels. Make something and be happy.
  2. Realize and respect: Realize that you have rich experience that world can get help from. Respect your own being. This should also reflect from the way you dress and speak.
  3. Become a mentor: People with rich experience are best suited to become a mentor. Handhold and help young people who can learn and grow from your experience.
  4. Write: If you have spent your time well then you will have something to share with fellow human beings. Do it through writing.
  5. Teach: University and business schools look for people with real-life business experience for guest lectures. Start with some sessions at a local institution.
  6. Get into diverse roles: Help your kids or grandkids – depending on your age – finish their lessons. Become active in some philanthropic pursuit. Organize a collective of people with rich experience – who want to contribute and grow. Create a junto like Benjamin Franklin did.
  7. Start working on your fitness: Make a point to eat right, exercise and find leisure hours.
  8. Give: Take time to give. This will help you stay connected with your core and also give you a chance to pay forward – something you have received. If you have money then give your town a library; or clothes to those in need. You can at least give your love to young and old alike.
  9. Become an investor: You love money and want to be engaged. Become an investor. This will push you to stay connected with the industry, give you a chance to meet young people with interesting ideas (most of the start-up founders are young these days) and keep your brain active.
  10. Live the life that you always wanted: Live life to the fullest. If you wanted to travel the world – then do it. There will be no tomorrow. Search on web for cheap ways to travel the world and plan your trip.
  11. Do not lament about the past: If the past was not that good it is ok. It is your choice to spend future as you want. Learn from the likes of Colonel Sanders who took to franchising Kentucky Fried Chicken restaurants, starting at age 65, using $105 from his first Social Security check to fund visits to potential franchisees. I recently watched a news story on TV about a retired physics professor who used to paint as a hobby. Post retirement he started devoting more time to his painting pursuits. Later, he exhibited some of his creative work. He was skeptical about whether he will be successful or not. His first exhibition was a success. He, now, exhibits regularly and makes decent money also.
  12. Money in the bank need not make you idle: If you have made money and are able to lead a comfortable life than for all reasons relax and meet old friends. But still there is so much you can do. Just check out – how one of world’s richest men – Bill Gates is spending his time post retirement from Microsoft.

Do not be a man in hurry. Breathe, take time to nourish and reflect. The richness of your experience needs to be shared with the world. Do not waste it thinking about old times; just engage in some worthwhile pursuits and make a life that you want and be a driver for change.

Hope you found meaning in some of those ideas.

Are you young or old? How are you preparing for future?

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Tech-empowered entrepreneurs

entrepreneur_geek“Entrepreneurship is a cult of bravehearts.” – Mohit Pawar

Anybody who has jumped on the entrepreneurial bandwagon ever will be able to tell that it not easy. It may be fun but not easy. Those on the lookout for easy are not in for a total disappointment as technology has made it easier to start an enterprise as compared to earlier times. Let us explore how.

Money not a challenge anymore: Earlier money (or lack of it) used to be a major deterrent for wannabe entrepreneurs – at least in their minds. Now it is easy and cheap to research online, bounce your ideas off people, and get feedback.

Getting inspiration and ideas is also free. Think about it. You are reading this information without paying anything. Of course you are giving your attention – that is an investment; but nothing in monetary terms. A hacker can create a live prototype by only investing his time. If the entrepreneur lacks any skills same can be outsourced.

Social proof makes it easy. Thanks to internet the news travels faster. Any significant success of an enterprise becomes global news now. Because of this phenomenon people read and get inspired to do their own thing. With social proof comes self-belief and action. Persistent action in right direction results in success. That is why in future we will see more entrepreneurial success stories – setting a chain reaction.

Geography becomes less significant. There is proof now that it is possible to create a large scale innovation sitting anywhere in the world. In 21st century – anybody irrespective of their cast, creed or color can think and create an enterprise based on an interesting idea.

There is some consideration for economic background because connectivity is yet to reach a part of the world. With projects like One Laptop per child – the message will reach them ultimately. There is also benefit of eco-systems where entrepreneurship thrives for myriad reasons. But if you wish you can start anywhere. You need not be at a specific place to do something.

Thanks to technology there are successful start-ups emerging in various parts of the world – Zoho and SlideShare from India (both are serving global markets); Baidu in China. If there is one Facebook then there is CyWorld in Korea and Wretch in Taiwan.

Being young helps. Before internet era investors looked for age and experience to invest in companies. Major stories of success like that of Marc Zuckerberg of Facebook changed that. Investors now are more willing to invest in young entrepreneurs. Young founders are a norm these days.

Being young is an advantage because investors believe that young people understand technology better. They also are more focused as there is less peer pressure and things to mange like family and related expenses.

Easy to collaborate: With web based apps and services marketplace – you can work with teams spread across the world. It was earlier unthinkable for a start-up.

Opportunity to scale fast: It took Walmart more than 30 years to expand overseas. Facebook took less than 3 years. Talk about scale – as of July 2010 facebook has more than 500-million users. It is easy to predict that some – application, network, or medium – will make this feat look small, sooner than later.

More investment flowing around: Entrepreneurs who have explore the market post bubble and in recent times and have tasted some success are now returning as investors. They need not be convinced about the potential of the bigger story.

Think about people like Marc Andreessen of Netscape, Caterina Fake of Flickr and more recently Hunch and many more like them. There are angels, super-angels and ideas like Ycombinator.

If you have the right message the world is ready to listen to you. With so many things going one should just do it. Who knows there is next Mark Zuckerberg in you?

Are you going to give it a try?

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About

Hi there, my name is Mohit Pawar. I work with brands and digital media based out of New Delhi, India. In my spare time, I pen my thoughts; organize open-source technology conferences and devote my energies to the cause of entrepreneurship. More