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Upgrade Your Mindset, Double Your Business | Rajesh Kumar Kare | TEDxMRU
TEDx Talks· 2025-09-22 16:55
Business Growth & Mindset - Traditional business growth to $10 billion used to take 100 years, but now, with technology and system changes, it can be achieved in 5-10 years, and even 3-5 years in some cases [1][2] - Many business owners stagnate at certain revenue levels (e g, $5 million, $20 million, $50 million, $500 million) due to lack of investment in learning and development [1] - Unlike professionals like doctors, lawyers, and engineers who invest significantly (e g, ₹1 crore or approximately $12,000 USD for MBBS) and 3-5 years in education, business owners often invest nothing officially in their learning [1] - Upgrading mindset and doubling business speed can be achieved by hiring a mentor or guide, similar to how athletes use coaches [2] Key Business Strategies (TRAIN) - The "TRAIN" framework for business success includes Technology, Resources, Adaptability, Innovation, and Networking [2] - Technology implementation can significantly improve manufacturing efficiency, as seen in a case where doubling manufacturing output and profit was achieved within 3 months [2] - Adaptability to change is crucial for survival, as businesses that don't adopt new technologies risk being overtaken by competitors [2] - Innovation is essential for reaching a ₹10,000 crore (approximately $120 million USD) target, but resistance from older generations can hinder progress [3] - Networking with successful business owners (10x, 20x, 50x more successful) can help businesses reach the next level [3] Customer Service & Market Speed - Delivering faster service than the market allows for premium pricing (25% extra for 25% faster delivery, 50% extra for 50% faster delivery) [3] Company's Mission - The company's mission is to guide the 65 million MSME (Micro, Small & Medium Enterprises) business owners in India to the next level, helping them build ₹10,000 crore companies [3] - The company, RPS World Class Business Coaching, has changed the lives of 100+ businesses in the last 5 years, improving inventory, automating operations, and multiplying profits (2x, 3x, 5x) [3]