How to Stay Motivated in Your Business!
February 4, 2018 by Dr. Letitia Wright
Filed under Featured Articles, Wright Ideas
Whether you are a new or experienced business owner, it may seem difficult to remain committed and keep your nose to the grindstone at times. Nonetheless, one of the most determining factors to your success is simply sticking with it, so here are a few simple tips to staying motivated in running your own business to get you started!
1. Evaluate your competition. This may seem like it could be incredibly discouraging if many of your competitors are doing better than you, but on the flipside, they may also be having a slow quarter with low sales. If you can look across your niche market and put into perspective how your competition is performing, you will have a better idea of where you are at. If for some reason your results are subpar, be gentle with yourself, and take that as an opportunity to learn and grow to measure up to your competitors.
2. Remember what you are there for. There is no better way to get motivated than to think of why you started your business in the first place! If you used to work as a waitress before branching out on your own online venture, you can thank your lucky stars that you have the opportunity to be your own boss and no longer have to serve burgers to customers. Even if you were top in your field in a corporation, starting your own business gives you the opportunity to be financially independent, make your own hours, and pursue your passions. That in itself is pure motivation.
3. Look for a mentor or advisor. This is fantastic help if you feel that you are hitting a wall in your business. There are always people out there that are farther along on their journey than you are, so be open to advice, encouragement, and guidance. Of course, make sure that the person that you go to truly knows what they are doing in your industry. If you have an affiliate marketing business that you are hoping to grow, you want your mentor to be specifically experienced with that to give you insider advice and tips.
The bottom line is to simply not give up. Starting your own business is the opportunity to pursue your dreams and have even more freedom, but it does take determination and drive. You can do it!
BY Chuggin McCoffee
For a great selection of all things coffee, check out Chuggin McCoffee’s website, The Coffee Bump.
Top 5 Most Effective Business Leadership Development Methods
July 2, 2015 by Dr. Letitia Wright
Filed under Featured Articles, Front Page
Top 5 Most Effective Business Leadership Development Methods
Few people are born leaders. In most cases, leadership skills and qualities are developed through hard work and persistence, but there’s no point putting in all that effort if you’re not must utilizing the most effective learning and development methods.
Leading a team is about more than simply achieving milestones and goals. It is about inspiring, problem-solving, and ultimately leading a group of people towards a common goal.
There are many different ways of turning an ordinary employee into a great leader, but here are five of the most effective methods.
- Workplace developmental assignments
As a new generation of leaders prepares to take their places as managers, more time and effort is being directed at training leaders, mentors and managers within organizations, from global corporations to local businesses.
One of the most effective methods for developing leadership potential within any sized organization is by giving aspiring managers on-the-job assignments that allow them to experience key challenges they will continue to face as professionals.
In an interview conducted by GovLeaders, Cynthia McCauley suggests that as many as 70% of the experiences that they felt contributed to their development as leaders were work-based challenges.
Developmental assignments allow professionals to learn key skills before they become a formal part of their regular workplace responsibilities. Giving your senior team members developmental assignments will also help you to identify your emerging leaders.
Those who are ready to step up and lead will adapt their skills to various situations throughout the assignment, showing they can put two key leadership qualities into practice – flexibility and initiative.
- Formal Training Courses
Formal training courses are effective for disseminating knowledge and motivating groups of people, as well as providing individuals with the opportunity to receive a qualification or certificate upon completion. The information offered in a formal course should be up-to-date and relevant to the participant’s work challenges, so they have the chance to benefit in a professional capacity while contributing to their organization’s success.
Organizations will get the best return on their investment by choosing a management training provider, such as Leadership Directions, that is willing to work in a face to face environment and offer post-course support to their employees.
- Coaching from the current manager
There are few people who understand the unique challenges and needs within a professional setting more than the current managers. This insight makes them perfectly suited to coaching up-and-coming leaders.
According to the Institute of Leadership and Management, as many as 80% of organizations now use coaching as a training tool. The likelihood that coaching will be utilized increases with the number of individuals within an organization.
While managers tend to receive the majority of coaching opportunities within organizations, team members can benefit too. Currently, it is rare for companies to provide internal-based coaching opportunities to non-managers, which is something that could be hindering many organizations – after all, who knows a business better than the management?
- Coaching from external mentors and coaches
One of the greatest benefits of utilizing the resources of an external coach or mentor is that these professionals have been trained specifically to coach or mentor. It is one thing having the knowledge to share with others, but having the skill to share the information in the most beneficial way is an entirely different story.
Effective coaching is not about instructing or teaching – it is about guiding, questioning and facilitating the learning process. It is a skill that needs to be learned, just like leadership itself.
Furthermore, while most organizations focus on coaching as a method of improving professional skills, they often overlook the benefits that come from focusing on the personal development of qualities such as self-awareness and confidence.
- Mentoring from other internal sources (not their direct manager)
Coaching from a direct manager is a common way organizations develop their people. However, a company can increase the sharing of knowledge and experience further by allowing other mentors from within the organization to provide input.
The mentoring relationship requires a sensitive power balance and, according to Forbes, it should be mentee-driven, with the mentee becoming the driving force in terms of the direction and focus of the relationship.
Leadership is something that can and must be developed. Opting for the most appropriate development strategy is not only sensible but ensures that organizations and the individuals that make up their ranks will continue to benefit long after training has been completed.