Great talent is getting harder than ever to come by. In fact, 67% of recruiters share that their job is more difficult now compared to five years ago. What happened?
For one, there’s an increase in the number of job openings and a shortage of qualified workers to fill the spots. Rapid economic growth and an unforeseen uptick in skilled labor also contributes to this phenomenon.
Second, the new wave of millennial and Gen Z workers have different priorities, strengths, and qualities than their big brothers and sisters, which some recruiters have yet to learn how to handle. This results in poor retention rates and failure to grow a team that can bring your organization to the next level.
Lastly, hiring managers are getting more strategic with recruitment techniques and processes, making the search hyper-competitive. 52% of recruiters even say that competition is one of the top reasons why hiring talent is becoming harder.
Indeed, the evolution of technology has been making big waves in different industries, including HR. Learning and adopting these new processes will keep your recruitment agency at par with your competition. Below are six trends that will change the way people hire in 2019 and later.
Although working as an entrepreneur is both amazing and exciting, it’s an incredibly stressful position to be in and often, it can be hard to find ways to stay happy.
Most entrepreneurs will spend most of their time working alone, whether it be from your home office or a co-working community. Not only does this mean it’s an incredibly lonely role to take, it means that more often than not you’re spending 8-10 hours a day on your own.
On top of the loneliness, there’s a lot more pressure involved in being your own boss. With a million deadlines, unpaid invoices and the never-ending battle of trying to find new clients – entrepreneurship is not for the faint-hearted.
With that in mind, here are 8 ways to stay happy as an entrepreneur:
Create A Workspace You Love To Work In
Whether you’re working from home, or you rent an office space nearby, the space you work in needs to be a place you love. Often you’ll be spending more than 8 hours a day in this space, so if it’s somewhere that you enjoy being and inspires you to create – you’ll be more than happy to spend as much time as you do there. Add inspirational quotes to the walls, purchase a comfortable office chair and really make the space yours.
2. Have A Good Work-Life Balance
Working for yourself is incredibly hard when it comes to time-management and often you’ll feel as though you have to work late into the night. Working out what hours you want to work and what hours you want to be for your own personal time is the best way to determine how much of a work-life balance you have.
If you set yourself strict hours to stick to you’ll find it much easier to switch off and relax at the end of a workday.
3. Spend Time With Your Friends And Family
Making the time to spend with your friends and family is so important to anyone working as an entrepreneur or solopreneur. Whilst you may find that at certain times throughout your journey you’ll have a lot less free-time – when you do have the time it’s important to spend it with the ones you love.
A great way to help improve your mental health and keep your mind happy and healthy is to practice self-care when you can. Whether it’s a bubble bath after a long day a work, curling up with a good book or taking yourself for a long walk – the small things will really make a difference.
5. Don’t Put Too Much Pressure On Yourself
As an entrepreneur, it’s easy to get carried away and think that you need to do everything all at once. Whilst this may seem like the best way to achieve your goals, you’re likely to experience burnout before you know it. Try not to put too much pressure on yourself and enjoy the work that you do.
6. Don’t Compare Yourself To Others
Similarly to the point above, it’s easy to get carried away and compare yourself to everyone around you. It’s important to remember that everybody goes at their own pace and just because you’re not achieving the same as everyone else, it doesn’t mean you’re not as good of an entrepreneur.
7. Set Yourself Goals
Setting goals is a great way to know what it is you want to work towards. With monthly, yearly and 5-yearly goals you’ll be able to map out your weeks in a way that allows you to focus on things that will help you achieve these goals. There are lots of goal planning guides online, but one of the best ways to plan is by using a goal planner journal.
8. Use A Diary To Stay Organised And On Top Of Things
Whether you use an electronic or paper diary, keeping on top of things is a great way to ensure you’re stress-free and happy as an entrepreneur. Although you may not tick everything off your daily to-do lists, having tasks written down is still a great way to feel in control of your day-to-day life.
Use your diary to plan out both your business and personal life and you’ll feel as though you’re an entrepreneur super-woman as you tick each completed task off – believe me.
Are you an entrepreneur or business owners? How do you stay happy? Let me know in the comment section below
Becoming an online seller is the type of business most people can get on board with even if they don’t have much entrepreneurial experience. Perhaps you have already started the process and you want to make sure you get everything right the first time around. If you’re looking for ways to boost your business then there are many avenues you can start exploring. Don’t get caught out by online fraudsters and make sure you take time to consider the real opinions of your target demographic. Once you have cleared these things up you will be able to start selling with minimal fuss, hassle, and risk.
When your potential customers click on your website they want to feel like their data is completely safe in your hands. Similarly, you also want to ensure that your client is exactly who they say they are. Check out Jumio for businesses and you will be able to explore identity verification solutions. Creating this seamless process for your customers will not only allow them to trust your business right from the get-go, but it also gives you peace of mind that all online transactions are legitimate.
Understanding the exact needs of your audience when you’re an online seller is extremely important to master right from day one. Carry out plenty of market research into your target demographic and you will soon be able to tap into their minds and give them what they really want.
Check Your Profit Margins
Make sure you aren’t underpricing your products, especially at the beginnings. If you’re buying from a wholesaler be sure to check the unit price for each of your product lines. You don’t want to get a few months in and discover you have been undercharging all this time.
Explore New Marketing Techniques
In order to get your business seen in a crowded market, you’re going to need to employ innovative marketing techniques. Try to think outside the box rather than sticking to what the crowds usually do. Head to trade shows and get your products into high profile stores; these are the types of methods that will get you places and fast!
How many people do you know that log onto their computer to make a purchase nowadays? Everyone is actively buying on their mobile phones. If you want to really grab your target market’s attention then your store needs to be mobile friendly or have an associated app. The convenience of a mobile-friendly store will always give you the upper hand when it comes to making money.
So instead of jumping headfirst into your selling project, it’s time to consider as many options as possible. Think carefully about your future and where you want your company to go. Be aware that you will be faced with several risks as an online trader, so take the steps to protect yourself and your company as much as you can. Soon your selling business will thrive and you will be earning a higher profit margin each and every month.
There comes a time when you realize that your current role isn’t right for you. At that point, the only thing that you can do is to leave and find another challenge. Although it’s not nice to have to quit, it’s the best option. Otherwise, you’ll spend the rest of your career stagnating and hating the fact that you’re nothing more than a middle manager.
How you resign is important as you don’t want to burn bridges. Not only is a reference essential, but so are solid contacts. There is an art to going out in style, and you can learn about it underneath with the following advice.
Cross The T’s And Dot The I’s
Don’t leave without an offer from another firm. While it may give you a boost, it’s a sign of disrespect. Resigning a new position to go to, it’s clear that you hated the role and couldn’t wait to leave, so much so that you’re willing to take a massive gamble. With an offer on the table, it’s easier for employers to stomach because they understand people have to seize opportunities when they pop up. Always ensure the contract is signed, the benefits package is negotiated, and the start date confirmed.
Give Plenty Of Notice
Employers hate it when employees leave without a notice period as they have to deal with the fallout. With one to two months worth of work, they can create a plan to transfer your responsibilities so that everything runs smoothly after you’ve left. As well as a relatively lengthy notice period, you should also consider drafting your own map. Consider any unfinished projects and write down how you think it might be best to deal with them. For example, provide recommendations for colleagues who are perfect for the job. As well as appeasing your boss, it should result in brownie points with your co-workers.
Don’t Slack Off
It’s tempting to phone it in because you won’t be there in a couple of weeks and that’s their problem. Of course, this is angering and should be avoided at all costs. For one thing, it will give your employer a reason to be spiteful and to do things such as holding back unpaid wages. You can claim your unpaid wages with Turley Law Firm yet you can make things ten times easier by maintaining your high standards. Being a professional isn’t something which turns back on at the flick of a switch.
The boss might do things that you perceive as petty, but it might be necessary for the company. From conducting exit interviews to asking security to escort you out of the premises, they have to think about their best interests. A meeting isn’t a mind-numbing bore, for example; it’s an opportunity to see where they went wrong. And, being escorted out of the office isn’t to belittle you; it’s to prevent info falling into the wrong hands. Stay calm and don’t react, even if you believe they’re purposely provocative.
Do you ever wish you could make money in your sleep? With passive income, it may be achievable. That’s because passive income doesn’t associate hours worked with payment received, so you can front-load the work and then watch the money come in with minimal maintenance.
If becoming financially independent is a financial goal for you, you may be interested to know that 65% of self-made millionaires have at least three streams of passive income. Whether you make money through business ventures and partnerships, real estate and rental properties, or dividend-paying stocks and mutual funds, passive income is crucial for maximizing income.
When deciding which passive income stream is right for you, consider the main two requirements: time and money. Which do you have more to give? If the answer is time, consider blogging, affiliate marketing, or writing an e-course. If you have more money than time, you could invest in real estate or peer-to-peer lending.
Not sure where to start? This infographic from Lexington Law makes it easy. Build your source of passive income and be on the path to financial independence.
Please include attribution to lexingtonlaw.com with this graphic.
Do your employees stare listlessly at the computer screens day after day? Do their eye’s glaze over in every meeting? If no matter how many cups of coffee they drink, your team doesn’t seem to liven up — you may have an issue with morale. While keeping projects going and profits turning is essential to your business, low morale is a hidden danger many managers overlook. It can impact your bottom line more than you might think. Business with high engagement outperforms those with low engagement by 202%. To give your team a boost, there are some easy things you can do.
First, is listen to invite your employees to give feedback. Figure out where they’re feeling stressed. Are they overwhelmed with work? Are they drowning in emails? Would they just like to feel more appreciated? Conducting an engagement survey is a great way to get a pulse on what they need. Once you have a better understanding of what your employees are feeling, they will feel more supported at work, and you will be empowered to take action to help them.
If your employees are simply overwhelmed, try giving them more distance from work. 26% of people say they feel pressured to respond to emails outside of work hours. That stress around the clock is not worth sending that 8:00 pm email. If you work allows it, offering them flexible schedules or work-from-home days can go a long way to balance their workload.
If you own a restaurant, or you’ve been thinking about opening one, there are a few things that you have to do to make sure that your customers just keep coming back. This is something that you just have to nail, as your returning customers will be the ones that provide your business with a regular and unceasing income. There are some great ways to make sure that you do this properly, so make sure you follow these simple tips if you want to have a loyal customer base visiting your restaurant!
If you’re a frequent restaurant visitor, you’ll know from experience that your visit is shaped by the feeling that you get from the staff as soon as you enter the door. If you’re going to get customers that keep coming back to your restaurant, you need a team that greets people with a smile, will bend over backwards to help the diners and will form those relationships with them that make your business feel like their home away from home. People will return if they are made to feel comfortable somewhere, and once they know they will always have a good experience, they won’t even think about going elsewhere.
Make sure that the building and decor are perfect
There’s nothing worse than entering a restaurant that is seemingly beautiful, and full of artistic decor, only to find out that you’ve been seated underneath a light bulb that doesn’t work, or the air conditioning is so cold that you don’t think that you’re going to even make it through your starter. If you want your customers to have an enjoyable experience, you need to make sure that everything is up to a good standard, and that you have some restaurant AC repair on hand, as this can really write your business off for a night if you don’t. When it comes to repairs, get them sorted straight away, or you’ll lose customers who think that you just don’t care!
Keep your chefs trained and your menu evolving
Of course, the main reason that people should be visiting your restaurant is to experience your luxurious food, and there are many things that you can do to make sure that this is always the case. As the business owner, it is your role to make sure that you change things up every once in a while, and that you’re always consulting the chefs about what you can do to improve your menu and the dining experience for all of your customers. Make sure that your chefs go on regular training days to learn how to perfect new dishes, and you’re always doing quality checks on the food when you can. New food will bring customers old and new!
So, if you want to make your restaurant successful, and your main concern is making sure that those regular customers are always coming back, try out these simple tips! They could help you to get on the road to the restaurant business success that you’ve always dreamed of!
To help you get ahead, we’ve outlined some first-time homebuyer tips by calling out six of the biggest mistakes that you should avoid going into the purchase of your first home that could end up saving you a lot of time, money, and frustration.
Mistake #1: not getting pre-approved
Many first-time buyers make the mistake of thinking that they don’t need to get approved for a mortgage until they’ve found their dream home.
Unfortunately, that often ends up being too late.
These days, most sellers require that pre-approvals be submitted along with any offer, and, since your finances need to be vetted before the lender will agree to grant you a loan, this process can take days or even weeks.
Doing so will give you extra time to work on your finances, if needed, and will ensure that you’re ready to submit an offer ASAP once you’ve found your perfect match.
2. Borrowing the maximum amount
Once you have your pre-approval in hand, it’s time to decide how much you can afford to spend.
Many buyers mistakenly believe that the figure they’re given on their pre-approval letter should serve as their target sale price. However, make sure that this move won’t leave you feeling “house poor.”
Instead, it’s better to think of loan amounts as a range. You have the ability to borrow up to the amount on your pre-approval, but you don’t necessarily have to go that far.
The better move is to do some budgeting of your own.
First, look at your income and expenses to determine how much money you’d feel comfortable putting towards a mortgage payment each month. Then, using that number, play around with a mortgage calculator until you land on a price of how much house you can really afford.
3. Overestimating your abilities
Sometimes buyers are willing to take on any number of repairs and remodeling projects in exchange for a low sale price.
Unfortunately, though, what ends up happening in many of these scenarios is that they end up finding that these properties were steals for a reason.
Often, the repairs require more time, money, and skills than the buyers can afford.
If you’re looking at fixer-upper properties that require a lot of TLC — especially foreclosures, short sales, or auctions — you need to be honest with yourself about your abilities.
Do you have any previous remodeling experience? Can you afford to hire professional help? Are you prepared to cope with unforeseen problems and expenses?
Though some of these things may be hard to admit, doing so can end up saving you a lot of frustration in the long run.
4. Skipping the fine print
Yes, you should always read every contract you sign in full.
But, as anyone who’s ever sped through a “Terms & Conditions” agreement can tell you, that’s easier said than done.
While it might be tempting to simply skim your Agreement of Sale (and any addendums), resist the urge. This mistake could end up costing you.
Successful real estate transactions depend on each party fulfilling their respective contingencies by the deadlines specified in the agreement.
By signing, you’ve agreed to fulfill your end of the bargain. If you fail to meet those obligations, the seller may be entitled to take your deposit monies in reparations.
When you’re negotiating your offer, make sure you know exactly what you’re agreeing to before you sign on the dotted line.
5. Bypassing your inspections
Conventional wisdom states that skipping your inspections will put you in a better bargaining position. While this is true, the reality is inspections are for the buyer’s benefit.
They give you a realistic picture of what’s wrong with the property so that you can either choose to buy it with eyes-wide-open and negotiate on repairs or walk away and find a more suitable option.
In contrast, when you choose to waive your inspections, you’ve agreed to take financial responsibility for any repairs that may come up, even if the problems pre-date your ownership of the property. Weigh your options carefully before deciding whether or not this risk is worth it to you. In some cases, just shortening your inspection contingency might be enough to make your offer more competitive.
6. Forgetting about closing costs
Budgeting to buy a home isn’t just about figuring out how you’ll swing a down payment and monthly mortgage amount.
There are also closing costs to consider.
Your closing costs will be paid at settlement. They will include any fees needed to facilitate the transaction such as deed-recording fees, title insurance, and appraisal costs.
The exact amount you’ll pay will depend on the specific services needed to close on your property. Realistically, however, you can expect to pay between 2%-5% of the home’s purchase price, and that needs to be factored into your overall cost of buying a place.
Entrepreneurship comes with a lot of challenges and the rosy picture that Hollywood paints of an entrepreneur’s life is quite far from reality. In UK’s ultra-competitive business world, more than half businesses fail to survive their first five years. Some businesses open with great potential and market acceptance but fail to scale and are unable to maintain cash flow.
Whilst some businesses fail due to a broken business model, misinformed market demand, or poor financial management, many fail because they do not pay attention to the location where they open their business. For instance, according to a recent study, Aberdeen city in eastern Scotland has the highest 5-year survival rate of 54% while the city of Newry and Mourne in Northern Ireland has the lowest survival rate of 37%across the whole UK. When you see the statistics of increase in business activity, you would be surprised to learn that Armagh in Northern Ireland not just tops the charts but it tops with a huge rate of 180% whilst Swansea in Wales ranks the lowest with just 6%across the UK.