Tag: Financial Wellbeing

‘No-Nonsense Lessons On What It Takes To Build A Successful Business’

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by Anna Tarazevich on Pexels.com

‘What makes a good entrepreneur? Are they born or made?’

‘Entrepreneurs constantly question and challenge business scenarios and always look for a way to make things work better or introduce a new product or service.’

‘Not all entrepreneurs run their own businesses. Are you, or could you be, an entrepreneurial employee?’

‘The most important thing when planning your business should be the accuracy of your facts and statistics. Don’t let passion cloud your judgment.’

‘Understanding every aspect of your business is of paramount importance when talking to lenders and investors.’

‘Choosing the correct business structure from the outset will save you money and taxes and may protect you from legal issues down the road.’

‘If you don’t have enough seed money to begin the process of starting your own company, find a creative way to raise it.’

‘Be willing to invest your own money and assets in your business before asking lenders and investors to risk their money.’

‘Prepare a professional presentation when approaching potential investors.’

‘Never take for granted that your financial statements are correct. People make mistakes, so they can be wrong. Have someone you trust, a good financial person, look after your financials.’

‘Overconfidence in your product or service can be dangerous.’

Source

Tom Golisano (2020). Built, Not Born: A Self-Made Billionaire’s No-Nonsense Guide for Entrepreneurs

Building Thriving Teams

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning
Photo by Wolfgang Weiser on Pexels.com

‘What the whole world wants is a good job.’ Wow!!!!

‘People want a job that uses their God-given strengths every day with manager who encourages their development.’

‘The five key elements of wellbeing are career, social, financial, physical and community- in that order.’

‘Organizations that acknowledge and apply this interdependence can transform their employees’ suffering and struggling into a culture of net thriving. … Focusing on just one area of your wellbeing usually leads to failure. It is nearly impossible to continually improve on any wellbeing goal if you don’t consider the other elements.’

‘Many employers have limited their focus on ‘wellness’ to encouraging employees to eat healthy and exercise rather than focusing on the element that matters most- career wellbeing.’

‘Social wellbeing is woven into all other aspects of your life. … Social wellbeing changes how you interpret everything around you.’

‘Your employees may be suffering from financial stress that is ultimately affecting their health and performance at work.’

‘Make communicating the importance of physical wellbeing an expectation for managers.’

‘Train managers to have effective pay conversations with employees to improve perception of fairness.’

‘People want to know that their life matters beyond work.’

‘Give employees opportunities to share what they are doing in their community with coworkers- and reward their involvement.’

Source:

Jim Clifton and Jim Harter (2021). Wellbeing at Work: How to Build Resilient and Thriving Teams