When people decide to leave their nine to five job and pursue a business of their own, they often don’t think about how the decision can affect their life for the better. While profits is the key reason why people choose to own a business, entrepreneurship can change your life in more ways than one:
Entrepreneurs travel a lot. They’re on the road, handing out business cards, giving talks, attending seminars, meeting with investors, and so forth. And while being on the road can be exhausting, it can definitely be life-changing. Situations like getting lost in a new neighborhood, finding a car to rent, and encountering difficult people will force you to become more independent and resourceful.
Become More Responsible
Entrepreneurship teaches people on how to take responsibility when things go wrong. People love the idea of owning and managing their own business but only when the business is succeeding. When the business takes a turn for the worse, they blame other people and even economic conditions. When you start your own company, you have all the power. Whatever you say, goes, which means a bad product launch or poor customer service arose from a bad decision you made in the past.
The task of writing a memo can seem burdensome as many people struggle to choose the correct format, the right message, and the perfect tone. Memos can be very helpful to employees and CEO’s if done right; however, memos could also be leaked and ignored if done poorly. Follow these tips to create a memo that is clear, effective, and memorable.
Identify The Subject
Before you can write a remarkable memo, you have to know what you are writing about. Not only will this help you avoid going on tangents, but this will also help you clarify your point. Knowing your topic, and staying on topic, will also help the receiver understand the message.
Less Is More
Identifying the subject and staying on topic will also be beneficial when it comes to the length of your memo. By designating your key points, you can avoid extra information that isn’t necessarily needed. The less amount of time it takes to read the entire memo, the more likely it is that it will be read. For co-workers who are on a time-crunch, they may quickly decide whether it is worth a read, or if they can go without. If there is a lot of information to share, consider sending a shorter memo at first, and then following up with more detail for those who would like to read further.
Remember back in grade school English class and the teacher asked each student to write a paper on some random subject? When starting off the paper, the first sentence should always be an attention-grabber or something that makes the reader want to keep reading. The same goes for memos and email subject lines. Those are the first impression, and if severely lacking, the reader most likely won’t open or continue reading the memo.
This one can be somewhat intimidating, but it doesn’t have to be. The first thing to note is that memos are typically used to inform and do not require much more than a factual and professional tone. Present your information, say thank you, and keep it moving. On the other hand, memos can also be used to inspire, encourage, or even scare. It may be surprising what all a story that impresses or details that conveys the vision can do for a memo’s tone.
Honesty And Openness
Along with the message you want to disclose, explain what is expected following the memo, or reasons why the information is being shared. For example, if a new policy is being instated, it would be beneficial to explain how and why the new policy came about, and how it will affect the workers and the day-to-day.
One small grammatical error can ultimately diminish the professionalism and the perceived accuracy of a memo; although, editing should include more than searching for grammatical errors. For example, when asking someone to read and edit a memo, ask them to look for irrelevant information, tone, clarity, content, and perspective before sharing feedback.
Reading over hundreds of resumes and selecting the best ones is not only a time-consuming task but is also a significant part of building a successful company. It may seem daunting, but there are ways to make this important, yet tedious task, a little less stressful.
When staring at an overwhelmingly large stack of resumes and cover letters, the first place to start is a simple scanning process. Take a quick look at each resume and cover letter for specific things that give a “green light” or “red light” for that particular candidate. Those that have green light material go in the “maybe” pile for further examination and those with red light material go in the “nope” pile.
When doing a quick resume scan, look for these signs:
- Relevant Keywords: If you only look for one thing while doing your scan process, let it be this. Think about keywords that are often used within your company or industry before beginning your overlook. Search for those words that best fit the job title with more importance placed on the most recent positions.
- Lack of Professionalism: A resume is a candidate’s first impression on a potential employer. If their resume is not carefully crafted, and (practically) flawless, it says a lot about who that employee will be over the long term. If they can’t take the time to create an honest, upbeat and professional resume, they most likely won’t take that time with their work either.
- Readability: From first glance, the resume should be inviting and attractive. Words should be clear and easy to read, and the organization of the information should allow for an easy read.
Once you have done a quick scan and narrowed that vast pile down, it is time to begin a more thorough examination of each candidate’s qualities and experience. While there are many factors that come into play for each individual, there are a few essential items that point to a great potential employee.
It is vital for a candidate to be able to communicate their expertise without using too much industry terminology or jargon. The ability to convey their message while also simplifying it in a way that can be understood by those outside of the industry is a useful tool when working with clients and business partners; it can also be a great skill to have when training new employees or working on a team. The content should also contain no spelling or grammar mistakes. If the resume looks like it hasn’t been reread or edited, it would be easy to assume that their work would also go unchecked.
When assessing each candidate’s experience, take a moment to look at the date span of each position. Shorter time-spans between jobs could suggest that the employee might not be interested in a long-term commitment to building a company. Longer time-spans may indicate that an individual is involved in advancing skills and sticking with a company as it grows.
If there is a signal that an applicant should immediately be put in the interview process, it is tailored messaging. If the resume and cover letter seem to have had phrases copy and pasted in, it may imply that the applicant is sending out the same resume to multiple companies. Instead, look for resumes that seem to have been crafted specifically for the job title and description that was posted.
Resumes are a great way to get an idea of who is a good possible fit and who may not be. However, resumes can only share so much about a candidate. If you are unsure about a resume and cover letter, a quick phone interview could give you an idea of what to do next.
Beginning at a very early age, we start to hear about confidence and self-esteem. We hear people say they don’t have it or hear of others who have too much of it. As we age, we begin to notice our own confidence and how it impacts our daily lives.
As much as we hear, talk, and think about confidence, many people still lack a full understanding of what confidence is and what it’s potential effect could be on daily choices and actions.
Confidence is defined in many different ways. One definition of confidence is the belief in one’s worth and likelihood of succeeding. Another interpretation is how firmly you believe in your capabilities to learn new skills, perform at a certain level, or attain a goal. While everyone can go through moments of low self-confidence, everyone can also acquire high self-confidence. Rather than being a trait that some have and others don’t, confidence is a skill that any person can build.
Self-confidence is one of the most significant contributors to performance in business and success. For instance, someone could work ten years as a welder, learn every aspect of the trade and have all the skills and experience required to take on a management position. If that person doesn’t believe that they are experienced and competent, they will most likely not apply for the job. If you are confident, you will experience more positive emotions, such as motivation and focus. Whereas, if you lack self-confidence, you’ll experience more negative emotions like distraction and stress.
Here a three key areas to begin building self-confidence:
- Permission From Self- When building self-confidence, it is essential to be aware of your goals before jumping in. Before attempting to obtain a goal or achieve a task, you have to permit yourself to not give up no matter what the outcome may be. Rather than focusing on your knowledge or what the potential result might be, focus on doing your best and working as hard as you can. Each time this is completed, it is a small step towards increased confidence.
- Physical Well-Being- It is no secret that a full stomach, a full night’s rest, and daily exercise increases happiness, which leads to higher self-confidence. When we felt well-rested and our bodies have the nutrition they need, it comes out in our work. Our productivity is higher, our voices are better projected, and our smiles are more genuine.
- Self-Talk- Every day, we say things to ourselves, regardless if we are aware of it or not. If you don’t think you do this, take a few days to be observant about the things you think after a compliment or an accomplishment. Are you praising your hard work? Or do you downplay the recognition you receive? Self-talk affects how one’s coping skills, mindset, attitude, daily experiences, and perceptions, as well as how one handles rejection.
While confidence is a crucial component to success, it is good news that anyone can build their confidence on their own. With the usage of awareness and practice, confidence is a developed skill that anyone can possess.
Negotiations can be found in many different aspects of daily life. In the home, wives and husbands negotiate the housework, and moms and dads attempt to convince their toddlers to take one more bite. Negotiation is also found in daily business. However, it’s outcome significantly outweighs results like having to take out the trash and vacuum.
Most negotiation strategies sound a lot like common sense, although it is surprising how often the steps of the strategy are forgotten once emotion enters the picture. This is not to say that emotion should be left out and ignored during negotiation. On the contrary, good negotiators identify and influence emotions, rather than denying or ignoring them.
The traditional negotiation style takes on an opposing-parties model: Supplier V.S. Client. The newer negotiation model takes on a business partners approach where openness and sincerity replace the self-centeredness of the traditional model. The modern model allows for negotiators to see how there could be an advantage for themselves while also working towards benefits for the other side.
The tactic used to display openness and sincerity? Simple: share more information. This allows the other party to feel confident in your motive and enables them to be open and self-assured. On the other hand, mistrust breeds mistrust, and if you begin a negotiation by asserting that you are solely concerned about your own needs, the other party will quickly adjust to negotiating without considering your wants. Be open, honest, and forthcoming by asking questions and making demands of yourself and your partner. Show a sincere interest in maximizing benefits for both parties, and the negotiation is far more likely to go your way.
Practice Being Selective
Being selective is a useful skill in many different aspects, and the benefits can be numerous. The first way to practice being selective is with your communication. While negotiating, spend more time listening than you do speaking, and listen for moments when you can selectively repeat words back to your counterpart. This is one of the best ways to establish rapport. Repeat what was said with an upward inflection to slow the conversation down, allow more time for you to think, and encourage your counterpart to share more.
Another great way to practice being selective is with tactical empathy. This is one of those areas where the use of emotional intelligence can give you a leg-up on the competition. Practicing tactical empathy allows you to demonstrate to your counterpart that you see the frustrations of their emotions. Use phrases like, “It sounds like you are concerned with..” and “It seems like you are upset about…” to proactively label their fears or problems. This can go along way in disarming them and allowing for a successful negotiation.
BATNA (Best Alternative To A Negotiated Agreement)
In any negotiation process, your ability and willingness to walk away and take another deal is your best source of power. Significantly increase your negotiating skills by spending time prior to the negotiation identifying the best alternative to a negotiated agreement, and take steps to improve it.
Present Multiple Offers (MESOs)
Rather than sending one offer at a time, save time and send multiple offers at once. This decreases the chances of a stalemate, and promote more creative solutions, as well as reflects readiness and professionalism. Even if all proposals are rejected, you could ask for feedback on what could be fixed and which was the most well-liked. Then work on modifying the offer in a way that pleases your counterpart, while also meeting your needs. This is an excellent strategy for gaining control of the offering process.
Will your business be more successful if your employees do the bare minimum or go the extra mile? If you’re considering investing in a startup, would the presence – or absence – of engaged and motivated employees impact your decision? If you’re in charge of an organization, is volunteer or employee retention a constant problem?
A quick look at a few statistics illustrates the importance of leadership.
- Only 16% of employees feel connected and engaged.
- Replacing an employee costs 33% of his/her salary.
- 90% of employees are leaving for a new job or hunting for a new job either actively or passively.
- 42% of the most valuable employees, those earning more than $75,000, plan to quit within 6 months.
There’s an enormous difference between being a boss and being a leader. There are bosses everywhere, but far fewer genuine leaders. If you’re the person in charge, it’s your decision as to whether you’re a leader or a boss.
- Motivation: A leader inspires and coaches others. A boss pushes uncommitted employees.
- Vision: A leader is inspirational and communicates his vision (remember Steve Jobs). A boss wants workers to be afraid, more like the godfather.
- Damage Control: A leader works to minimize the damage and understand the cause so it won’t happen again. A boss blames subordinates.
- Experience: A leader demonstrates how to do something. A boss simply knows how it should be done.
- Listening: A leader listens to divergent opinions before making a decision. A boss listens to no one.
- Teamwork: A leader is at the helm of a team and has a “we” mentality. A boss thinks of “me.”
- Authority: A leader fosters mutual trust and accountability. A boss depends solely on his/her own authority.
- Acknowledgment: A leader acknowledges team member’s accomplishments. A boss takes all the credit.
- Mentoring: A leader helps others expand their skills. A boss uses others.
- Leadership: It’s “Let’s go” for a leader, but only “Go” for a boss.
“Leading” rather than “bossing” means you’ll be challenged instead of having blind obedience. If someone else has a better idea, you’ll put aside your ego and go with it. The final decision is always yours, but when you’re a leader rather than a boss, you have the support of your team. Everyone benefits. It’s your choice.
Every community has a unique connection to its people. Some towns rise up because of a local business supporting the workers, such as the aerospace industry. Other locations have rivers and tourist attractions that draw people in. Regardless of your community’s characteristics, being a local means that you should participate at the ground level. Getting involved in your community is simple with these basic tips.
Think About Your Passions
Getting involved in your community isn’t attractive unless you have a good reason to do so. Consider your passions before you volunteer for a group or task. If you love music, volunteer with the high school’s marching band. Help out the elderly at a local, nursing home. Volunteer at the library when you’re passionate about knowledge. Use your passion as a guiding force toward a volunteer position that puts the town first.
Give Time, Not Money
When you want to get involved, there may be worries about financial constraints. Being there for your neighbors isn’t a matter of giving out money. For the most part, local philanthropies and nonprofit businesses are lacking volunteers instead of funds. Help out with an event that includes booths at a nearby park. You might have a lot of time on your hands, which only improves the town through your efforts.
Support Local Businesses
Between volunteer activities, bring your shopping needs to the local businesses. Avoid chain stores and restaurants. Support those so-called “mom-and-pop” stores that have unique items for sale. You’re investing in the community when you buy from these businesses. They often have better customer-service skills than chain stores too. The generated revenues allow the businesses to expand and improve the community even more so than before.
Be a Board Member
Once you get involved in your community, you want to see that group or institution flourish. You no longer want to volunteer. Being a board member at the volunteer facility is your goal. Become a volunteer member so that you can improve the group’s functions within the community. Being in charge takes some time out of your schedule, but the results are incredibly satisfying.
Don’t be shy about your talents either. If you can sew, weld or perform other useful tasks, let your community leaders know. Your skills may come in handy during an upcoming project or town improvement. Lending a hand makes you feel good while lifting up your neighbors with regional pride.
There are typically two camps within conversations about workplace satisfaction: those who work to live, and those who live to work. The people who work to live are often disengaged from actual jobs and focused on life outside of the office. Conversely, those who live to work are fulfilled within their jobs due to a combination of relatively predictable factors. The older school of thought is the former: people don’t need to be happy to perform at work because it’s just a job. However, the newer school of thought that happiness coincides with productivity is quickly taking over the stage.
Happy People Work Better
Thirty percent of the United States workforce is engaged at work, which means seventy percent of individuals are merely working for a paycheck. Without a sense of fulfillment, employees lack connection to the work, to colleagues, and to superiors. Shockingly, these rates stay consistent over time and regardless of economic climate.
Science corroborates that there are physical connections between feeling, thought, and action. Emotions like frustration, anger, and stress affect the brain chemically and cause other parts of the brain that dictate cerebral thinking to shut down. Similarly, being “too” happy can have the same effect. Content satisfaction is a happy medium that appears to be essential for fulfilled employees to function at their fullest capacity.
Three Keys to Happiness at Work
Vision, purpose, and relationships are the major keys to fulfillment in the workplace. Being able to fathom how you’ll fit into a company in ten years and being satisfied with that goal is essential to today’s motivation. If you have nothing to work toward… why should you work? Purpose means being tied to an organization’s mission. Finding some sort of gratification in the company’s big-picture societal role is essential. Finally, relationships between coworkers and superiors determine the quality of a person’s work experience. Trust between employees means a team mentality and the ability to get more work done happily. Considering that happy people work better, the cycle needs to perpetuate in a positive manner.
The people you work with matter. Being able to cultivate a sense of happiness, fulfillment, and trust at work means the opportunity for the most productivity possible. Efficiency comes with contented joy. Accepting the link between emotion and drive in the workplace will make it easier for employers to cultivate the most effective workplaces possible.
Personal blogging has taken off tremendously in the last five to ten years. People are finding all sorts of reasons to blog and to let their individual voices, writing styles, and areas of expertise be heard. As a platform for self-expression, blogging can empower people to fulfill a whole host of objectives.
People are blogging simply to let their voices be heard. Whether they enjoy discussing political happenings, current events, pop culture, music, cooking, or anything else under the sun, blogging provides an opportunity to put opinions and feedback into the world. Not only might authors be validated by positive feedback from like-minded individuals, but presented with opportunities to be challenged by people with different perspectives. The exchange and dialogue can serve as a stimulating alternative to other, less involved leisure activities.
Some bloggers are writing to inspire others to support a particular cause. Do you have a lot to say about October as Breast Cancer Awareness Month because you know someone who fought against it and won? A blog is the perfect place to share that story with the world. You never know who might read your message and be touched to their core.
Sharing a particular wealth of experience or knowledge by blogging provides a venue for people to solicit advice. By sharing your gifts with the rest of the world, everyone benefits. If your blog ends up being wildly popular, there may even be a chance to monetize a service or product so that people can buy from you directly.
Blogging is a perfect way to advertise a new business. Building writing into your routine as an entrepreneur gives people a taste of your personal voice and allows them to more intimately connect with your brand, which increases sales potential. Exposure to different audiences is everything.
Improving writing style, networking with other professionals, and building an individual portfolio are all potential benefits to the blogging game. By picking a topic that you are personally invested in, you afford yourself the luxury of being able to discuss something with the public that you feel passionately about. As you write more, your style will develop and people will begin to notice you. Other advocates for your activity, cause, or business will begin to reach out and connect with you.
Truly, blogging offers a host of benefits. From self-expression to inspiration to expertise to marketing and then some, your blog is sure to afford you opportunities that you barely even fathomed.
Originally published on Peter Bubel’s LinkedIn page.
Marketing is a vital part of any business. There are many business owners who struggle to market to new clients. In the property management field, finding new clients is a difficult process. Many real estate owners do not see the value in using property management services. Instead, they would rather save money and do the work themselves.
However, experienced real estate professionals understand the value of investing in property management. With all of the changes that are taking place in the industry, now is a great time to invest in this area. Getting this message to clients is vital to the growth of many companies in the industry. Using social media to gain new clients is not easy, but it is an effective tool for business growth. Here are some tips on how to use social media effectively.
Know Your Target Market
One of the most important aspects of marketing is knowing your target market. With all of the changes that are taking place today in the real estate industry, many new investors are starting to buy homes. New investors do not have the experience needed to have success as a landlord. This is a great opportunity for property management companies to come in and offer their services.
Once a company understands the target market, they can adjust their social media strategy in a variety of ways. Social media is an effective tool for bringing in new clients. However, companies must be willing to work hard in order to bring in new clients through this option.
One of the best ways to grow your social media following is to offer incentives. This is a great way to gain new followers or to engage the people who follow you currently. One of the best examples of this is giving away a free month of property management services if clients sign up today with your company. This creates a sense of urgency in clients to act quickly.
Over time, building up a social media following is possible within the industry. With all of the interest in investing in real estate, now is a great time to work in the property management business. Many people are excited about what the future of the industry holds for workers and business owners. Using social media is one of the best ways that you can take your business to the next level and gain market share from competitors.