Tag: Management

Recruitthebest Daily Digest- If You Want To Change Your Career, You Must Read This

by Bright Osadiaye, posted in Health & Well-Being, Improve Academy, Leadership, Management, Personal Development, Workplace Learning Report

‘Traditional job search methods, such as applying for positions online, don’t work for switchers. You need to be creative in your approach.’

‘The bigger your switch is (industry, functional, or double switch) and the more non-negotiables you have, the more difficult the job search process will be.’

‘There are no guarantees for persistence, sacrifice, and hard work will pay off, but without these qualities, you won’t achieve your job switch.’

‘Deciding to pursue a goal is only the beginning. A successful career change only happens when you take consistent, relevant action.’

‘Ignoring your network, disregarding the market, and failing to prepare for red flags are Switch Killers that will derail your efforts.’

‘Your brain wants to keep you safe, but that instinct can get in the way of the courage you need to successfully make a career switch. Don’t let it!’

‘Loss aversion is a powerful seductress. People feel loss more strongly that gain, so you may be tempted to let things like loss of identity, status, or salary become barriers to your success. Keep top of mind everything you stand to gain by making a switch.’

‘Hirers are also influenced by loss aversion and will tend to go with the ‘safe’ candidate if you don’t assuage their fears about hiring you.’

‘Emotions play a role in every human decision. Recognize this and connect the dots between your experience and how it will solve the hiring manager’s problems so she feels confident bringing you on board.’

‘Bias is a reality in the hiring process, and can be an especially difficult hurdle for switchers. Learn to identify it and engage strategies to overcome it such as using your network to become an insider.’

‘What will you lose if you don’t make this change?’

Source:

Dawn Graham (2018). Switchers: How Smart Professionals Change Careers and Seize Success

Why You Should Focus On Your Business Growth

by Bright Osadiaye, posted in Improve Academy, Leadership, Management, Motivational Quotes, Personal Development

‘Your business is a living organism.’ If you want it to thrive, you must take care of it.

According to Kevin Cope, ‘Companies either continue to grow or risk dying. Companies growing profitably tend to be more energized, innovate products and services, expand market share, attract motivated top talent.’

‘Companies not growing can enter a ‘downward decline and die.’ cycle of higher costs, lower sales, lost market share, lower share price, cost cutting, reduction in force, demoralized employees, lost productivity. lost customers, more loss market share, and so on. The competition will take over their markets, customers, brand positioning, and even their best people.’

‘Organic growth means internal expansion- opening new stores, selling more products, and entering new demographic or geographic markets. Inorganic growth means merging with acquiring new business to increase revenue.’

‘Growth expectations may change based on a company’s stage of development. High growth may be realistic in the early years but may be less sustainable as the company matures and becomes larger and more complex.’

‘Risks of high growth include expenses that grow faster than sales revenue, a decline in quality, and burnout among employees. Many companies grow sales rapidly but lose money and go out of business.’

‘People are the most important resource for any company. Employees and customers are two important stakeholders to your business.’

‘Successful companies usually have a history of strong employee satisfaction and longer employee tenure, so companies work hard to keep employees satisfied and to attract top talent.’

‘Your customers are the lifeblood of your business. You should focus on your customers more than on your competitors.’

‘Employees can improve asset ultilization by eliminating inefficient or nonproductive assets, getting more productivity from existing assets, making business processess more efficient, and by working to use personal time more effectively.’

‘The productivity of employees reflects how much work employees can accomplishand is often affected by the tools and technology they have and the training and education they receive.’

‘Employees can impact asset strength by doing anything that benefits cash position.’

‘Investors evaluate the worth of companies in large measure by their potential to consistently increase profits from their core business over time.’

‘Cash is the fuel of business. All companies require cash to operate, pay bills, and invest for the future. Lack of cash is a primary reason businesses fail.’

Finally, ‘Everything you do to impact cash, profits, and assets influences your balance sheet.’

Source:

Kevin Cope (2012). Seeing the Big Picture: Business Acumen to Build Your Credibility, Career, and Company