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Management

16 Ways to Make Your Team Invincible

leading by example

All great leaders are passionate about leading and building exceptional teams. Have you ever heard of a leader that wishes to lead a mediocre team? Leadership craves perfection and smart subordinates. But it takes a great leader to lead an elite team. You must prove that you are consistent and persistent when it comes to personal and professional development. More than that you must be a genuine person who knows what personal reflection is and takes actions only based on regular feedback.

The proverb “if you want to go fast, go alone; if you want to go far go together” describes exactly why the need for a leader exists. The greatness of a team begins with its leader – the one who sets the pace. A leader must constantly expand his perception and learn new methods of pushing his team forward. The world is continually changing, and so must the leader. If the leader is rigid his team will quickly fall apart. As you can see managing a team and leading it to success requires an incredible effort from its leader.

Let’s take a look at 16 ways to make your team invincible:

1.    Nurture Their Talents

A great leader will always step aside if needed and allow others to do what they do best. He will never try to control others in order to make them comply but instead, he will encourage genuine collaboration, therefore unleashing abundance and greatness. Trying to control others will put the entire team on the path to failure. Therefore, you must inspire people in order to attain success.

2.    Encourage Them to Make Mistakes

Let them know that in order to grow you must make mistakes. There is no other way to improve! Tell them that timidity is never useful; making mistakes is a gift. Teach them to never feel bad about themselves if they make mistakes. A great business is built on a foundation made of mistakes. Every mistake can be turned into something epic! Not wishing to make mistakes can easily lead to failure.

3.    Help Them Work Together Toward a Revolutionary Goal

Without a common vision, there is no need for a team. The progress begins only when a powerful vision is decided upon. Having a purpose is what keeps the team together while assuring them that they are on the right track. Only when your team starts to work as a group and not as individuals, only then things start to get a meaning. The entire team must focus on a single direction! Failing to do so will lead to failure but this will only help your team be more united.

4.    Develop the Leader Within

Leading by example is the only way of leading smart and efficiently. As the project manager, you’ll have to imprint your habits onto your team members. You should constantly act like an assignment helper . Always be ready to help out your team mates. When you promise something, deliver it. Keeping your word is one of the most important habits that you and your team must develop.

Your team must not see you as an authority but as a friend, someone who is always there for them. Teach them that the true leader is inside and they must grow their inner leader. Always encourage your team members to take the lead in case it’s needed, and they feel competed to do so.

5.   Offer Them Everything They Need to be Successful

The easiest way to find out is to ask them. Even if you may not always be able to give them everything they need you can at least work hard to ensure that they have everything they need. I’m not talking only about physical stuff; I’m talking about emotional support whenever it’s needed. Give them the chance to fail. You heard me right, let them fail and teach them to accept it and rise above it!

6.    Create a Calm and Fun Environment

If the environment is relaxed and cozy everyone will perform better while having a great time. There will be times when your team will face great difficulties; this is where the fun element will make its entrance. Laughing is what helps people get over stressful tasks, therefore, make sure to implement it into your team’s daily schedule. Failing can be fun as well.  Never be scared to fail!

7.    Teach Responsibility

Be that leader that people can trust. A great leader knows that he must develop a strong and genuine reputation and always be true to his word. This is the only way of showing others that they can count on you and expect you to lead them to greatness. A true leader should be able to look at success and failure with the same eyes, and understand that both are needed for a team to succeed.

8.   Always be ready to Take Tough Decisions

Difficult decisions are constantly knowing at the door, therefore, as a leader you must always be ready to make the right decision. A great team lead by an even greater leader will always act with a purpose in mind. A leader must be able to stand alone and support his team whenever it is needed while confidently making the right decisions.

9.    The Importance of Emotional Intelligence (EQ)

It might be difficult to understand but EQ is even more important than IQ. If your emotional abilities aren’t trained and managed, you will never be able to control your emotions or manage your stress. This leads to numerous health problems and can affect even your ability to work. Your team must learn what empathy is and put it into practice. Without empathy, there are no meaningful relationships and without relationships, there can’t be an effective team. Your EQ is nurtured through failing, don’t forget this!

10. Everything is Hard Before it’s Easy

Persistence is what transforms a mediocre team into a winning team. Make sure to encourage your team to work hard until they reach their goal (team goal). Teach them that they will never know their true limits until they pushed themselves to the edge. Pushing your team to its limits will help them understand that in order to evolve you must get out your shell and fight! The so-called limits are only a construct of your mind.

11. Help Your Team Grow Every Single day

Your team should never be stagnant. Offer your team members plenty of learning opportunities for them to grow and expand. For example, you may organize weekly conferences on different topics, or pay them a ticket to a renowned course.

12. Encourage Your Team to Be Fearless

As a great leader that you are you must encourage your team to always be fearless and brave. Teach them never to back down. Teach them that there is no hard task, only a weak psyche. Let them know that they are capable of amazing things, and the only way of living up to their full potential is to always go forward and take chances. A great leader will always lead through love and acceptance. Each team member must be his own leader for the team to grow and develop.

13. Earn Their Respect

One of the most important aspects of a team is respect. As a leader you must earn the respect of your fellow team members, while giving them all the reasons they need to respect you. Without mutual respect, there is no way of working and growing together as a team. Explain to your team that winning and failing are almost the same; the difference is that you learn every time you fail while wining is just a break from learning.

14. Admit That You Are Not Always Right

A great leader doesn’t consider himself a god, nor is he arrogant. He understands that he is human and mistakes can occur any time. Therefore, be transparent, let your team know your true self and remained them that you make mistakes too. Your team must understand that you don’t expect them to believe that you have all the answers. Transparency and sincerity are great qualities that every leader should poses.

15. Teach Your Team That it’s Ok to Lose

A great leader will always welcome failure and learn from it. Make sure to teach your team this important lesson. Failing is part of life and part of nature as well. In order to evolve you must fail. The only way to learn is through failing getting up and failing again.

16. Create Personal Relationships

A great leader will develop personal a personal relationship with each of his team members. This does not mean that you must develop a close friendship with all the members of the team. It means that you must recognize in them a fully developed human being capable of greatness.

Make sure to spend time to know everyone, show them that you truly care about them and let them know that you are always here in case they have problems at home or at work. Show them that you have only their best interests in mind and that you will never betray their trust. This is how you build a winning team.

Conclusion

As you can see a good leader will always work hard to help his team attain success. A true leader believes in his team even when they fail.  A true leader understands that failure is nothing more than a lesson that must be learned. A true leader will always work his ass of for the benefit off the team.

Julia Turner is a freelance writer with more than 5 years of professional experience. She is social media specialist whose modern and creative approach to writing produces excellent articles on finance, leadership, lifestyle and other general lifestyle topics.

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Management

Getting started in business

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When you are thinking of starting a new business, one of the first things you need to ask yourself is what business model your company will adopt. Your business model is your company’s blueprint for making a profit. It explains what product or service your company plans to sell, how you will market your product or service, how much your business will cost to run, and how your business will turn a profit.

The best business plan is the one that allows you to fulfill your clients needs at a reasonable cost, while still remaining true to your company values and objectives. Three good questions to ask yourself in the business model planning stage are:

  1. Do you have a unique value proposition that makes your product or service valuable?
  2. Who is your target market, and do they have a need for your product or service?
  3. What makes you different from your competitors? Will your business model be difficult to copy?

Without these essential elements, you don’t have a way of generating revenue for your business. Some other elements to ask yourself when selecting a business model include: cost structure, key metrics, resources, problem and solution, revenue model, revenue streams and profit margin.

Some of the most popular business models include the manufacturer model, which is utilized by Dell Computers and Hewlett-Packard. This business model sees a manufacturer convert raw materials into a product. Another popular business model is the retailer model. Retailers purchase goods from distributors and then sell them to the public. Stores such as Nordstrom and Target have seen great success in this space.

Even companies that are innovating the business world tend to adopt characteristics from more traditional models. For example, Netflix has transformed the way you watch shows and movies but their company essentially runs on the subscription business model. This model asks customers to pay a monthly fee in order to utilize the product or service. In the case of Netflix, you pay a monthly fee to access their app.

You should start writing your business model in the beginning stages of your business plan. This way, you answer some of the most important questions about your business right out of the gates, rather than realizing at the end of your planning stages that profitability is not an option.

There are twelve main business models for you to choose from. Once you’ve found one that fits your business needs, you can begin to adapt it and make it your own. The right business model for you depends entirely on what you are selling, how much it costs to produce, and who you plan to market it to.

If you don’t know where to start, the visual below details the main business models explained with coffee.

Let me know if you have any questions!

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Management

Hard From The Start: Which Industries Are Best For Female Entrepreneurs?

women manager

Equality in society is something which is always improving. Rights have steadily been becoming increasingly universal as time has gone by, with more and more people being afforded the same level of living standards. Of course, though, there are still some areas which are severely lacking.

The gender pay gap has been highlighted in media very frequently over the last few years, and what we really want to know – is the wage gap between men and women shrinking?

Gender Pay Gap

The gender wage or pay gap is the average difference in pay between men and women. There are a couple of primary reasons for the gap.

Why the pay gap?

Women have chosen to work less hours, they may choose to work part-time so they can work around the school drop off and pick up times. They also take maternity leave and may extend it longer than the standard number of weeks of ‘paid maternity leave’.

There is also another reason, and it’s not voluntary, discrimination in the workplace and the value of a female worker versus a male worker doing the same job. The good news is the gap is shrinking and while it exists from the shop floor to the boardroom, women are fighting back.

Some industries are more male centric and they have been harder to win around with equal pay for equal work. The good news is there is upwards movement for women in all roles in and saying this, what about the most critical positions out there? How many female entrepreneurs make it to executive levels, and which industries are best for this half of the population?

Females In Executive Roles

In 2018, Fortune 500’s companies list only featured 23 female chief executives. Dropping 25% from the previous year, it seems as though the number of women in high levels of business is dropping, though this may not be the case. Sheryl Sandberg is an excellent example of a COO at one of the world’s largest companies; Facebook. Having been at the company for more than ten years, she is living evidence that it is possible for women to achieve positions which men have traditionally held.

To get a good idea of where women seem to do best in this field, it’s best to take a test sample. In this case, we’re going to be looking at an organization which works towards equality in a range of fields, one of which is business.

Where Are The Women Executives?

You can find Involve’s top 100 Female Executives at list link. While this list doesn’t cover all of the women in business, it offers a good range of different people.

We’ve taken each of the women on the list and put them into one of eight categories; technology, finance, retail, infrastructure, politics/activism, business, health, and manufacturing. You can find the results below.

As you can see, finance and business are the clear leaders when it comes to fields with female executives. Technology doesn’t happen too close behind, though, and it’s good to see that so many types of business make a showing. It makes sense that finance is so prevalent here.

Financial companies make up a vast amount of the world’s trade, and you don’t tend to get a small one, making them all need their executives. Some of the companies on the list are massive, while others were started by the lady in question. M62 Vincis’ Nicci Take is an excellent example of this and is someone who pushes for equality in business.

Which Field Is Best For Women?

It’s hard to say which field is best for women, especially when you break it down like this. If you look at success as working for a large company, someone like Michele Evans could be a good source of inspiration, as she heads the $21 billion giant known as Lockheed Martin. This company makes all sorts of machines, with a heavy focus on those with military applications. This isn’t the sort of work a lot of people would associate with a woman, as war is a heavily male-dominated industry, but this shows that the world is getting better at recognizing merit over gender.

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Management

Home Based eCommerce: Solving the Storage Issue

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How much do consumers spend online? According to a 2018 Omnichannel Buying Report, consumers spend a third ($1 in every $3) of their discretionary income online. While Amazon steals the show for the top seller, there are thousands upon thousands of home-based entrepreneurs behind those Amazon numbers. From skincare to books to clothing and other consumer goods, sellers and resellers are not only in the sales game they’re also in the inventory shipping and storage game.

The fact of the matter is, adding storage for an eCommerce business is a common problem that many online entrepreneurs face. Are you facing this issue? If so, don’t stress about renting storage units or renting commercial space if you don’t have the budget right now. If you take the time to make a plan for adding the right type of storage space to your home, you’ll avoid facing hefty storage fees month after month.

Storage Containers, and Lots of Them

The most affordable way to add additional storage to your home is also, thankfully, the easiest: DIY storage containers. If you have a closet that you’re not utilizing, you’d be surprised by how much room you can squeeze out of it just by A) organizing everything, and B) putting everything into a large, multi-tiered plastic storage container. You can find these both on the Internet and at any home supply or container store.

Organized storage containers will enable you to fit more items in the same-sized area, and you’ll also have easier access to inventory whenever you need it. This is the perfect choice for small eCommerce products that have high turnover rates, such as make-up, crafts, or other small niche products.

Convert and Enclose a Patio

Do you have a patio area on the exterior of your home that you don’t utilize? Perfect, you’ve got the makings of a storage room right outside your door.

Get quotes from a few local construction partners to convert and enclose the patio into a usable space. If the temperature for storing your inventory is important, be sure to get a quote for adding heat and AC. If you’re concerned about aesthetics or future use of the room, add windows to give the room a bit of additional lighting.

Once the patio is enclosed, you can follow traditional inventory storage advice or treat it as a garage space and organize accordingly. If you’re keeping resale value in mind as you make changes, Forbes offers a few tips to keep in mind for home improvements that boost value. Although the article doesn’t mention storage, the Mud Room and Smart Features concepts will ensure your investment yields a return.

No Basement? Look Up

Most homes have an attic or a crawl space that is accessible through pull-down stairs or an opening with a ladder. Before you consider this option, call in a handyman or contractor to evaluate the strength of the flooring.

You may have to reinforce the attic floor before you can use it to walk around or store items. There are two main reinforcement techniques available: sistering and engineered floor joists. Sistering involves installing newer, larger floor joists side by side with your existing ones. Engineered floor joists offer an increased level of structural reliability and as a bonus, you won’t have to worry about crowning, bowing or other related problems. When in doubt, call in a professional, as attic storage without proper reinforcement can be a hazard.

If you’re going to be converting your attic into storage, it’s probably best to use it for items that aren’t temperature sensitive. If the space is too good to pass up, you can look into adding extra insulation and heating/cooling options.

Invest in a Separate Building

If you absolutely need additional storage onsite but lack the space in your home, pre-engineered metal buildings are the most affordable way to go.

Even if you’ve only got a limited amount of land, you may still have room for this option. Steel buildings come in a variety of shapes and sizes with many custom options. Prefabricated metal buildings are erected very quickly and can solve your inventory storage problems right away. As an aside, if you require storage for large items, you can also experiment with triple roof structures, carports for covered outdoor work areas, or combinations of the two, depending on your needs.

Regardless of which onsite storage option you choose to explore, it’s clear that you have many options to help you manage growing inventory without paying storage fees to a third party facility. All of these options will add value to your home should you decide to move in the future.

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