Growing a business
In a recent interview, Vijay Eswaran was asked what makes a business grow, particularly QI Group. The first rule Vijay Eswaran follows is one of duplication, especially when one realizes that you cannot do it all yourself. Vijay Eswaran believes that the manager needs to stand aside let delegated authority carry out the heavy lifting. The more interference from self the less likely things will work. Vijay Eswaran uses the saying that the manager needs to “fire self.”
Dependency Upon Government
Vijay Eswaran’ thoughts on growth in business are greatly dependent in the government taking an interest in nurturing entrepreneurship in regions where they can get involved. In other words, the government needs, on their part, to take an active interest in the needs as well as the growing wants that the business community offer. These are thoughts Vijay Eswaran expressed at the 2018 Chinese World Economic Forum, where he was asked to speak.
Difficulty in Gaining Licenses
In this talk, he gave examples from India and China. He gave an example of India, which shows a very difficult for those trying to do business in India. Vijay Eswaran says that in India they are called “licensed Raj,” which means highly dependent upon licenses. A license is needed for almost anything practical to get accomplished. The time’s licenses can be granted in India’ different regions also may vary. Vijay Eswaran is speaking from experience, since he knows that as the main leader of QI Group that launched in 30 countries he practically knows the difficulty in dealing with governments in certain areas of the world, especially when new technology is being ushered in and governments do not have the legislative structure to support the business growth.
The same example he gives to the managers who expect growth from their organization he gives an example in the economic life in China at the same 2018 Chinese World Economic Forum by saying that when new growth hit China just recently rather than standing in and controlling all the growth, China basically stepped aside and let the economic boom take a natural growth. Vijay Eswaran remarks that China has done very well when it observed entrepreneurs to take root and run with the growth that was possible and taking place before its eyes. In short, Vijay Eswaran input at the Chinese Economic Forum was significant to world leaders that were there and came from his own experience.
Vijay Eswaran is keen on separating the duplication of business and the duplication of self in getting a business to grow. Once the training is done and a company has set the right trained people on the right course then stepping aside is the next logical step. But, Vijay Eswaran, cautions, to get to that step fo hiring 10 strong people who will stay, you will have to go thru at least a hundred who will come, stay a while and leave; ultimately, the ten you need will stay.
Vijay Eswaran started QI Group in 1989 and lead the company to heights of nearly $1 billion growth in 30 years times, bringing QI Group to at least 30 different countries. IT is estimated that QI Group has more than their direct sales agent, 1.1 million other sellers of their products the world over, working thru the network marketing of QI group. Vijay Eswaran was recently named one of Asia’s most influential Philanthropist in Asia. He was only 1 of 4 in Asia to be given the title of Heroes of Philanthropy.