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How To Start 2019 For Your Business

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2017 new year
2019 is knocking, are you ready? The new year is upon us, some may be celebrating another successful year with champagne, where others may be contemplating on the next strategy to implement for their business. As you figure out which side of the coin you're on, it’s best to understand the most effective approach you should take to make sure 2019 is not only better than 2019, but your best year yet.

Go Back To Basics in Business

To have a successful year, it starts with the basics. You need to feel secure and confident that the foundation you have set, will help you excel in the new year. Having that confidence in your system, finances, and administrative work will allow you the peace of mind to continue moving the needle forward in business.If entrepreneurship is in the cards for 2019 (or you're already an entrepreneur/business professional), then this is the time to look at the preparatory checklist and assess exactly where one stands. Here is how to start 2019, the right way.

Have the Right Mindset Day One

Forget all of the negativity that happened in 2019. It’s a new year and a completely new slate.

Review Your Financials

Check up on the leftover cushion money, but more importantly look at your bank statements or end of year review. If you're not already working with your accountant, be sure to give that individual a call to review what happened this year. To hit 2019 in stride, it’s critical to have your personal and business finances in check.

Check Up On Your Business Plan

A proper business plan has to be a blueprint to how you conduct and want to conduct business. Take the time to revise your business plan add or subtract items on that plan you feel do not make sense. Being diligent now will save a lot of unnecessary hassles later as you continue to expand/grow your company.

Select Your Team Members Wisely

Coming from experience, finding the proper talent to work for you is the hardest part of the business. Before making new hires, be sure you take the time to assess your teams’ strengths and weaknesses. Then hire those to fill the voids. Reviewing your business plan will be a tremendous help when making these evaluations.  If you hire right in 2019, you are already on your way to success in 2019!

Assess Your Risks

Finally, check on your insurance coverage. Review the existing risks and think about the new risks planned for 2019. A new home, a new car, addition of new properties, launching a new sector of your business, starting a new family, planning retirement – carefully plan and cover the risks with the adequate insurance. Consult with the experts to ensure the protection of your family, property, and business.

Personal Growth

As important as your business is, it’s equally important to get your mind right. Here are a few ways you can personally grow in 2019:

Prioritize Your Health

Sustaining a wellness plan for all 12 months of 2019 is tough, but rewarding. Do not let minor issues like back pain or soreness to affect your plan. Write down your goals for daily exercise and schedule an annual medical checkup. A healthy body works like a magnifying glass for the joys of life – zooming in on the positives and zooming out when negatives occur. Don’t get distracted and be sure to get your health corrected this year.

Declutter and Organize

Look through the space in your house, office, car, backyard and even phone and email inboxes. Clean up all the junk, sort the remaining in order. The time and effort put in to declutter and organize the stuff now will give a huge advantage on the upcoming year’s activities. Start it off with a fresh plate.

Treat Yourself

Don’t spend all of your time working in 2019.  Try to relax more by doing things you find fun.  Participate in social and cultural events that will expand your current limits. Make time to read books (both for business and pleasure), watch movies, or cater to a hobby. Plan ahead and make a wish list to cultivate some of the classics this year. If budget permits, go for a new wardrobe (maybe at least partially new) to start the year with a special zing!

Travel More

Plan for trips outside the scope of business in 2019. Go with friends and family or make it a solitary trip. But do visit a new place, experience a new cuisine, meet new people, even try to pick up a new language from the locals when traveling.  Going on a relaxing trip is one of the best modes of investing in yourself. Plan to make some memories and memoirs on the trip(s).

Make Time for Family and Friends

Finally, catch up with friends, attend a family get together events, meet up with cousins, and celebrate birthdays and anniversaries! Don’t get too occupied with work, career and the future ahead. Enjoy the present with the people you love. Family and friendships are not replaceable assets in one’s life – value them most and 2019 will be a great year! Have a great 2019!

Business

How To Successful Deal With Stress Like A CEO

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White man with plaid shirt sitting stressed out by ocean
You've encountered stress countless times. And everyone has their own way of dealing with stress. Whether it's taking a quick walk, drinking some water, or reading, knowing how to deal with stress effectively is essential to both your personal and professional life. Stress is a natural part of existence and knowing how to deal with it effectively will be the difference between success and failure. Here are some effective stress management techniques used by some of the most successful people in the world.

Taking A Walk

Man walking in a fieldDespite its simplicity, taking a walk does several things for you. First, it removes you from the environment or situation that's causing the stress. And by removing you and taking you as far away as possible from the source of stress, you're much more likely to be able to think more clearly. Taking a walk also has the added benefit of promoting more blood flow to your brain. Your legs are powerful pumps that help circulate more blood throughout your body. And taking a stroll outside also gives you a nice breath of fresh air. All these factors combine to give you an edge in thinking more clearly and then deciding what to do with the situation.

Take A Nap

Beautiful white woman sleeping on bedOr get a good night sleep. Your ability to think clearly can be inhibited if you're not well rested. Taking a quick nap or attempting to get a good night sleep will help reduce tension and allow you to wake up with renewed energy to tackle the problem at hand. Taking a nap or getting some sleep is also effective at removing you emotionally from the problem. Constantly dwelling on the source of stress might not yield any immediate answers. However, waking up from a good nap may give you some newfound perspectives on the situation.

Writing Things Down

Person writing using pen and paperSometimes the thoughts in our head aren't as clear as we'd like them to be. Sitting down and writing down what's stressing us out and clearly detailing the event/incident can often give us insights into the situation. Writing things down also helps to calm us down if the stress is high and caused anxiety. The simple act of writing and keeping the notes also helps us recall past events that are similar to this one. And you can look back at some previous notes you've written to see if there are similarities and draw conclusions.

Do Something Nice For Someone

Asian woman holding up red heart cutoutAs odd as it sounds, the more we think to ourselves and about ourselves the more likely we are to obsess over our own stress. Sometimes we forget that we're all in this together and that everyone also goes through stress - just like us. By doing something nice for someone else, it removes us from our current self and allows us to empathize and think about another human being. It's a simple act of kindness that helps someone else and at the same time, buys us a bit of good karma. Helping another individual also helps release dopamine, a chemical that helps us feel good about yourself. And sometimes we just need a bit of boost to give us the confidence to go back and face the situation at hand.

Ask For Advice From A Colleague

Man and Woman sitting outside talkingTalking to someone can certainly help. But you don't want to come off as venting or complaining about your life. It's better to consider carefully who you're going to reach out to and frame the conversation as getting advice on a situation, rather than needing to vent. Because when you're venting or releasing steam, the other party is less likely to add value to the conversation, since you're not looking for anything other than someone to vent to. When reframed as getting advice, you're giving someone the permission and space to review your situation, ask productive questions, pick at the problem, and hopefully help you see the problem from a new perspective that you didn't see before.
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Business

5 Things You Need To Know About Millennials

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Millennials (aka: Generation Y) are an interesting breed.  We've experienced quite a drastic change within our lifetime and the way we communicate with one another is very different than the generation before us.  Unfortunately we're not that easily understood and people tend to categorize us without knowing all the facts.  Below are 7 things you MUST know about millennials before you begin to make judgement.

It's harder for us to get a job

Contrary to what others may think, our generation aren't fortunate enough to get a job with just our high school degree.  For most of us, a Bachelors is barely enough to get accepted.  Our parents and grandparents had it much easier than we did in this department.  Demands for our education is increasing, our cost of living is higher, our student loans are piling higher than we'd like...and job opportunities are scarcer than before.

We're not buying Houses

We're considering many other alternatives as most of us still prefer to be in the cities where our job opportunities are highest.  And unfortunately that also comes with a very high rent, so we prefer to room with others to save on living expenses.  And we're also marrying much later as well, so the need to have our own american dream house doesn't need to be realize so early.

We're not driving anymore

Again...back to the whole idea of cost of living rising.  It cost on average anywhere from $500-$800 a month to own a car in most cities, and that's not even including the cost of parking and tickets you're likely to rack up.  With Uber and Lyft in most major cities nowadays, we're looking at other alternatives to driving.

Not all of us are Entrepreneurs

Yes...it's true.  With the boom of entrepreneurs in the recent years, it's easy to assume that most millennials are following similar footsteps as Zuckerberg and Jobs.  The truth is, although the idea of running your own startup is very appealing, most of us are actually straight up trying to create a profitable company.  We're still for the same dream, except without the early-stage hustling and grinding.

We want to work for a cause

The work we do does define us, and as Millennials we're NOT okay with settling for a meaningless job that simply pays the bill.  The job doesn't have to be high paying, as long as the work we do is meaningful and we are apart of something that's making waves. 
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Business

How to Ask For a Favor

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how to ask for a favor
Do you know how to ask for a favor? Asking for a favor might be hard especially if you’re the independent type. Like it or not, we need to ask favors now and then if we want to succeed. Favors have varying degrees from the very easy: "please come to the conference call tomorrow" to the onerous "please introduce me to your contact at Apple". Lucky for you, people like doing favors. Studies show that people comply with requests to avoid awkwardness and it also suggests that favors are less of a burden than we think.But regardless of studies, asking for favors can still feel strange. Therefore being deliberate in the way you ask a favor can make a big difference in the outcome. When asking for a favor, remember the following:
  • Set the stage: "I need to ask a favor"
  • Provide reason
  • Provide means of escape
The phrase, "I need to ask a favor" is a very powerful verbal contract. It also implies reciprocity. If you help me now, you can ask a favor from me in the future. This two way relationship of give and take acknowledges that the favor is not totally one-sided. But aside from this, it also makes the other switch gears into receiving mode. This will give your friend time to have an "uh-oh" or "happy to do so" moment. Consider these:"Friend, can you cover my shift tonight? I'm not going to make it due to an emergency" or"Friend, I have a favor to ask. Is it possible for you to cover my shift tonight? I have an emergency".In the first scenario, the friend is off guard and might feel that he has to do the favor. In the second scenario, setting up the stage to ask the favor gives your friend a second or two to decline or accept the favor.

The Reason

According to Robert Cialdini's book, Influence; giving a reason to your favor increases the chances of a positive response. If you know how to ask for a favor be sure you're providing a reason makes people react positively even if the reason is makes no sense to the request. People like to know that they are being asked something. If you're asking a millennial for a favor, consider reading this article  about 5 things you need to know about Millennials. It'll give some insights on what makes millennials tick.

The Escape Clause

When learning how to ask for a favor, it's good to keep in mind an Escape Clause. People are inherently good especially when they are asked to comply with a request. This is because giving is better than receiving. However, when you ask a favor your goal is two-fold: getting what you want and making the giver feel good about helping. The best way to do this is to provide and escape clause so that your friend can graciously decline in the event that they cannot do you the favor. Remember you are giving them the choice to comply. You are not commanding them.

Good Escape Clauses Include:

  • "I understand if you can't help. But I thought I'd ask".
  • "I understand if you can't come because you're busy".
  • "I would like an introduction to your friend from Apple but I understand if it makes you uncomfortable".
Friends and colleagues cannot always come through when you ask them a favor due to a variety of reasons. However, you can always ask them favors with grace and gratitude so that you maximize your chances of getting what you want. Hopefully you will be able to pay back the favor once they ask something from you.
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