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Tips to Run A Successful Business

Tips to Run A Successful Business

By | Business | No Comments

One thing you have to understand as an entrepreneur is that you will always have to blaze fire to your trail. This is attributed to the fact that there are no career guides, no counselors, or maps to guide you to the next step. Most entrepreneurs have a single rule; you will have to make it as you go. To succeed in business in this current technological era, you have to plan, be flexible, and have organizational skills. Making money in a business is more complicated than most people think. It is not a walk in the park where you just turn on your computer and boom you start making money instantly. Nope, you have to be a go-getter. With all that said and done, here are Tips to Run a Successful Business.

•Understand the Risks and Rewards.

The moment you understand the risks and rewards and are able to differentiate the two, then your business will start to grow. You have to calculate the risks and use your collected data to make the best decisions.

•Be creative.

The best way you can improve your business is by being creative. Creativity goes along with innovation, and the two will help you stand out from the competition. You must be honest with yourself and recognize that you don’t know everything to be able to welcome in new ideas.

•Stay Focused.

The primary reason why your business will succeed is that you remained focused. You have to acknowledge the fact that just because you opened up a business today, it does not mean you start making profit the same day. Create short term goals, achieve them, then move on to the next step.

•Always keep an eye on your big vision.

Having a big vision will always take you far. This is one of the greatest tips that will help you to go on even if things do go wrong on the path of your success. Let your big vision be your motivation tool until you succeed. Then once you reach the goals you envisioned, create an even higher vision or goal.

Let Strive help your business, call (801)918-0264 for more information. To learn more about Strive, click here. Follow us on Instagram here.

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Building Employee Engagement, Strive, Strive Coaching, SLC, Utah

Building Employee Engagement

By | Business | No Comments

Are you wondering how you are building employee engagement? If you need a little push in the right direction check out this article. Strive continues to bring you some great information that your company can use.

Humans have a basic need for belonging and connection. We’re naturally motivated to develop and maintain personal bonds with others. A lack of interpersonal relationships can negatively impact our health, our ability to adjust, and our overall well-being.

These truths extend to the workplace. Employees want and need to build relationships at work. Personal connections with managers, leaders, coworkers, and customers lead to increased employee engagement and performance.

But studies show that only 5% of workers strongly agree that their organization helps them build stronger personal relationships. The important need for connection is not being met at many workplaces.

How can organizations ensure their cultures create and nurture these engaging relationships? They must understand the impact of workplace relationships and learn how to measure them.

 

Relationships Matter

When employees have strong relationships with their managers and coworkers, the workplace reaps the benefits.

Employees are more satisfied. Employee satisfaction increases nearly 50% when a worker develops a close relationship on the job. These relationships make work more enjoyable and impact employees’ commitment to their jobs and coworkers.

Managers are less stressed. Stress is the emotion managers feel most commonly at work. But managers experience significantly less stress when they feel they have a good relationship with their employees. When employees better understand their managers’ challenges, they can help solve problems that may lower manager stress levels.

Employees manage conflicts better. Studies show that conflict leads to lost time and less effort at work. Some workplace conflict is inevitable, but strong relationships decrease these uncomfortable interactions. Ensuring employees and managers are comfortable around and respectful of each other reduces the risk of flare-ups.

Employee desires are met. Employees want to work with people they enjoy. Relationships with coworkers are among the top drivers of employee engagement – 77% of employees list them as a priority.

 

Your Relationship Data Matters

Modern engagement and performance platforms provide access to A LOT of data. This data can help tell an aggregate story of the employee experience at your organization. But to make a real impact on engagement outputs, you must measure your engagement inputs.

Think about how you measure your financial health. You can look at your credit score and determine the general state of your finances. But that won’t give you any insight into why or how you got there.

The why and the how are important in determining what you should do to improve. You need to look at everything that impacts your credit score and other areas of your finances – including your income, spending, debt, savings, investments, insurance, and more.

It’s the same with engagement and performance. You can’t just look at your engagement score to see if you’re improving, maintaining, or declining. You must dig into the why – and examine the inputs.

Many factors impact engagement and performance, but relationships are among the most important. You’ve heard it before: people don’t leave their jobs, they leave their managers. The relationship between manager and employee has the power to make or break an employee’s experience and performance.

If you like the “Building Employee Engagement” article that’s great! Need more to learn? Contact Strive Coaching today and let us help motivate you! Call (801)918-0264 for more information. To learn more about Strive, click here. Follow us on Instagram here.

Tags: #Strive #StriveCoaching #Coaching #Coach #Business #Personal #Development #Inspiration #Inspirational #Motivation #Motivational #SLC #SaltLakeCity #Utah #Quote #Quotes #Success #Top10 #Dream #Building #Employee #Engagement

Source: https://www.quantumworkplace.com/future-of-work/the-key-to-employee-engagement-relationship-building-at-work

meditation

How to Achieve Flow and Happiness in Your Work

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“Where focus goes, energy flows.”

Tom Robbins

 

So how do you achieve this mystical state of being? Do you need to meditate or chant anything? No, you don’t (although meditation can improve your ability to concentrate).  Flow is anything but mystical — it’s very practical, and achieving it isn’t mysterious.

It can take practice, but you’ll get better at it. Here are the key steps to achieving and benefiting from Flow:

 

  1.   Choose work you love doing.

If you dread a task, you’ll have a hard time losing yourself in it. If your job is made up of stuff you hate, you might want to consider finding another job or consider seeking projects you love to do within your current job. At any rate, be sure that whatever task you choose is something you can be passionate about.

 

  1.   Make sure it’s challenging, but not too hard.

If a task is too easy, you will be able to complete it without much thought or effort. A task should be challenging enough to require your full concentration. However, if it is too hard, you will find it difficult to lose yourself in it, as you will spend most of your concentration just trying to figure out how to do it — either that, or you’ll end up discouraged. It may take some trial and error to find tasks of the appropriate level of difficulty.

 

  1.   Find your quiet, peak time.

You’ll want to find a time that’s quiet, or you’ll never be able to focus. For me, that’s mornings, before the hustle of everyday life builds to a dull roar. You can do it at any time of the day if you can find a quiet spot to work in. Whatever time you choose, it should also be a peak energy time for you. Some people get tired after lunch — that’s not a good time to go for Flow. Find a time when you have lots of energy and can concentrate.

 

  1.   Clear away distractions.

Aside from finding a quiet time and place to work, you’ll want to clear away all other distractions. That means turning off distracting music (unless you find music helps you focus), turning off phones, email and IM notifications, Twitter and Growl, and anything else that might pop up or make noise to interrupt your thoughts. I also find it helpful to clear my desk, even if that means sweeping miscellaneous papers into a folder to be sorted through later. A clear desk helps me immensely.

 

  1.   Learn to focus on that task for as long as possible.

This takes practice. You need to start on your chosen task and keep your focus on it for as long as you can. At first, many people will find it difficult, if they’re used to constantly switching between tasks. But keep trying, and keep bringing your focus back to your task. You’ll get better. And if you can keep your focus on that task, with no distractions, and if your task has been chosen well (something you love, something important, and something challenging), you should lose yourself in Flow.

  1.   Enjoy yourself.

Losing yourself in Flow is an amazing thing, in my experience. It feels great to be able to really pour yourself into something worthwhile, to make great progress on a project or important task, to do something you’re passionate about. Take the time to appreciate this feeling.

 

  1.   Keep practicing.

Each step will take some practice, from finding a quiet, peak time for yourself, to clearing distractions, to choosing the right task. And especially keeping your focus on a task for a long time. But each time you fail, try to learn from it. Each time you succeed, you should also learn from it — what did you do right? And the more you practice, the better you’ll get.

 

  1.   Reap the rewards.

Aside from the pleasure of getting into Flow, you’ll also be happier with your work overall. You’ll get important stuff done. You’ll complete stuff more often, rather than starting and stopping frequently. All of this is hugely satisfying and rewarding. Take the time to appreciate this, and to continue to practice it every day.

To learn more about the Flow state of mind, or to get yourself into the Flow, contact STRIVE today and follow our Facebook page! https://www.facebook.com/strivecoachinginc/

about success

Business Development

By | Business | No Comments

Business development entails tasks and processes to develop and implement growth opportunities within and between organizations.[1] It is a subset of the fields of businesscommerce, and organizational theory. Business development is the creation of long-term value for an organization from customersmarkets, and relationships.[2] Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way. In addition, business development activities can be done internally or externally by a business development consultant.

Overview

In the limited scholarly work available on the subject, business development is conceptualized as or related to discrete projects, specific modes of growth, and organizational units, activities, and practices. Sorensen [3] integrates these different perspectives with insights from chairmen and managing directors, senior business developers, and venture capitalists from successful high-tech firms worldwide, which is adopted in the Palgrave Encyclopedia of Strategic Management:

Business development is defined as the tasks and processes concerning analytical preparation of potential growth opportunities, and the support and monitoring of the implementation of growth opportunities, but does not include decisions on strategy and implementation of growth opportunities.″ [4]

Background

In practice, the term business development and its actor, the business developer, have evolved into many usages and applications. Today, the applications of business development and the business developer or marketer tasks across industries and countries, cover everything from IT-programmers, specialized engineers, advanced marketing or key account management activities, and sales and relations development for current and prospective customers. For this reason, it has been difficult to discern the unique features of the business development function and whether these activities are a source of profits.

Recent systematic research on the subject has outlined the contours of an emerging business development function with a unique role in the innovation management process. The business development function seems to be more matured in high-tech, and especially the pharma and biotech, industries.[5][6][7]

Professionals

The business developer is concerned with the analytical preparation of potential growth opportunities for the senior management or board of directors as well as the subsequent support and monitoring of its implementation. Both in the development phase and the implementation phase, the business developer collaborates and integrates the knowledge and feedback from the organization’s specialist functions, for example, research and developmentproductionmarketing, and sales to assure that the organization is capable of implementing the growth opportunity successfully.[3] The business developers’ tools to address the business development tasks are the business model answering “how do we make money” and its analytical backup and roadmap for implementation, the business plan.

Business development professionals frequently have had earlier experience in sales, financial servicesinvestment banking or management consulting, and delivery; although some find their route to this area by climbing the corporate ladder in functions such as operations managementSkill sets and experience for business-development specialists usually consist of a mixture of the following (depending on the business requirements):

The “pipeline” refers to the flow of potential clients which a company has started developing. Business development staff assigned to each potential client in the pipeline a percent chance of success, with projected sales-volumes attached. Planners can use the weighted average of all the potential clients in the pipeline to project staffing to manage the new activity when finalized. Enterprises usually support pipelines with some kind of customer relationship management tool or database, either web-based solution or an in-house system. Sometimes business development specialists manage and analyze the data to produce sales management information. Such management of information could include:

  • reasons for wins/losses
  • progress of opportunities in relation to the sales process
  • top performing sales people/sales channels
  • sales of services/products

For larger and well-established companies, especially in technology-related industries, the term “business development” often refers to setting up and managing strategic relationships and alliances with other, third-party companies. In these instances, the companies may leverage each other’s expertisetechnologies or other intellectual property to expand their capacities for identifying, researching, analyzing and bringing to market new businesses and new products. Business development focuses on implementation of the strategic business plan through equity financing, acquisition/divestiture of technologies, products, and companies, plus the establishment of strategic partnerships where appropriate.

Business development is to be thought of as a marketing tactic. The objectives include branding, expansion in markets, new user acquisition, and awareness. However, the main function of business development is to utilize partners in selling to the right customers. Creating opportunities for value to be ongoing in the long-term is very important. To be successful in business development the partnership must be built on strong relationships.[8]

Notes and references

  1. Jump up^ Compare: Houterman, Joyce; Blok, Vincent; Omta, Onno (2014). “Venture capital financing of techno-entrepreneurial start-ups: drivers and barriers for investments in research-based spin-offs in the Dutch medical life sciences industry”. In Therin, Francois. Handbook of Research on Techno-Entrepreneurship: How Technology and Entrepreneurship are Shaping the Development of Industries and Companies. Elgar reference collection (2 ed.). Edward Elgar Publishing. p. 169. ISBN 9781781951828. Retrieved 2015-07-23<–Business development (BD) involves all activities t ??? * developing products and technologies so that they can be commercialized, building relationships with potential partners […]–>
  2. Jump up^ What, Exactly, Is Business Development?[need quotation to verify]
  3. Jump up to:a b Sørensen, Hans Eibe (2012). Business Development: A Market-Oriented Perspective. John Wiley & Sons.
  4. Jump up^ The Palgrave Encyclopedia of Strategic Management (2014)
  5. Jump up^ Davis, C. H., & Sun, E. (2006). Business development capabilities in information technology SMEs in a regional economy: An exploratory study. The Journal of Technology Transfer, 31(1), 145-161.
  6. Jump up^ Kind, S., & Knyphausen-Aufseß, Z. (2007). What is ‘business development’? The case of biotechnology. The Case of Biotechnology. Schmalenbach Business Review, 59(2), 176–199.
  7. Jump up^ Lorenzi, V., & Sørensen, H. E. (2014). Business Development Capability: Insights from the Biotechnology Industry. Symphonya. Emerging Issues in Management, (2), 1-16.
  8. Jump up^ “What, Exactly, Is Business Development?”Forbes. Retrieved 2015-11-09.