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Motivate Your Employees

4 Effective Ways to Motivate Your Employees

There are many ways to motivate your employees. I will focus on 4 effective ways to motivate them. Apparently, this is one of the hot topics in the corporate world. In the Business Outsourcing Industry (BPO), the management is thinking about a lot of “gimmicks” to prevent their employees from experiencing burn out. Gimmicks may be effective but only in the short-term. Below are timeless tips to motivate your employees.

Show your trust to them

One way to motivate your employees is by showing that you trust them. Many owners tend to micromanage their employees. Though there are advantages of that management style but it will create a feeling of distrust in the long term. You may start by saying “I give you my full trust in this project.” With that being said, the employees will start to feel being “important” to the organization. Trusting them does not mean that you will not anymore supervise their work. Of course, you still have to. By trusting, it gives the employees the freedom to figure out how to make things work in his/her own way.

Make them understand their purpose

A lot of employees get burned out because they eventually feel their lack of relevance to the organization. They do not anymore see the purpose of what they are doing. Why am I recording entries? Why am I taking calls? Why am I teaching? Once these questions start to manifest in them, it will result to unproductivity. To motivate your employees, make them understand their purpose in the organization. Make them understand how recording transactions affect management decisions by letting them know the actual decision that was made because of their help.

Give reasonable time frame

Giving reasonable time frame is an effective way to motivate your employees. Yes, there are times that urgent matters pop up. If deadlines are set into a reasonable time frame, the employees will not feel overwhelmed. They will be given enough time to digest the information and learn how to mix the new task to their routine because they need to.

Recognize their accomplishments

Recognizing accomplishments is a classic way to motivate your employees. You do not have to spend for a celebration to recognize them. A simple pat on the back will already give a positive message to them. You may also put a note on your employee’s computer with a congratulatory message for a job well done. This motivational strategy is non-monetary but will surely have a great impact on their performance.

– For personalized coaching tips, visit business coaching

– You may also want to take a look at my digital products

Dealing with Difficult People

4 tips to deal with difficult people

It requires a lot of effort to deal with difficult people. However, if you follow these 4 tips then it will be easier for you to face them the next time around. Difficult people cover everyone such as owners, employees, and even customers. At times, we are the ones becoming difficult to deal with. These 4 tips to deal with difficult people, if consistently practiced, will result to a harmonious relationship with everyone else.

Keep your composure

The heat is on! Customers nagging at you, owners keep on blaming you for the not-so-positive financial results, and co-employees always gossiping about you and who never get contented in life. These are ordinary events that you face every day. Amidst the darkness, always be in the light when dealing with difficult people. In other words, keep your composure at all times. It does not help that you strike head on while the heat is on. This is not the proper time to “strike while the iron is hot” otherwise the problem will worsen. Remember, if the other party is in “darkness,” stay in the “light.”

Be proactive

Focus on the resolution, not on the problem. It does not help that you focus on the problem when dealing with difficult people. One way to become proactive is to listen attentively to what the other party is saying. The common problem is people tend to listen in order to respond. Not all conversations need response. Who knows, the other party just needs to air out his/her concerns and you just become the “sacrificial lamb” who happens to be there.

Focus on the issue, not on the person

In dealing with difficult people, you are tempted to quickly pass judgment to them. “Ad Hominem” does not help. Ad Hominem pertains to attacking the person instead of the issue. If you were able to watch debates, the debaters focus on the issue at hand and not on their opponents. Same is true with dealing with difficult people.

Take the lead

Ensure that you are on the lead when you deal with difficult people. Do not be carried away by their emotions. Do not always agree with what they say just to get rid of them. Always remember that your goal is to have a peaceful resolution to the problem and not to get rid of it.

– For personalized coaching tips, visit business coaching.

– You may also want to take a look at my digital products.

Stocks Investing

Tips in Stocks Investing

If you are looking for a Stock Investing Tip you have come to the right place. Investing tips come from everywhere and from all sources. From strangers you over hear talking in the store to the gurus on the television.

When we are in a strong bull market, and it seems like the market will not go down no matter what, you can get a great stock investing tip just from throwing a dart at the list of stocks in Investors Business Daily, and come out with a winner.

An Investing Tip can come from an article you read in the newspaper or a magazine. Usually the time you read about it, the stock has already made it’s big move. That is when the smart money starts taking their profits and sells to the dump money.

Sometimes investing tips come as a pump and dump. With the smaller priced stocks it does not take much money to buy alot of shares. They will then start talking about, or writing newsletters about how good (pump) the company is just to get people to start buying the stock, and at the same time they are selling (dump) their shares.

If you are getting into the market because of a tip you got, you are bound to lose your hard earned money. Sure you might get lucky a few times, like in a strong bull market, but in the long run you will eventually lose all your money that you set aside for investing.

The best stock investing tip you will ever receive is going to be right here. Do not buy any stock on any tip that you here!!! Do not put your hard earned money in any investment blindly, do your homework. Many beginners in the stock market will feel that they have to jump in on the tip they have gotten in order to make the big buck. They are afraid the train is going to leave without them. They don’t want to be left out of the big move.

There is no reason to be jumping into any stock right away. There are thousands of stocks to invest in. Let the stock price come to you, do not go chasing a stock.

Learning how to invest in stocks is not difficult, but it does take time, just like learning anything in live. Take the time to learn, there are many books to read that will get you going in the right direction. Read them, study them, study the market, practice trading on paper. Take the time to learn how to invest, you will not regret it. The stock market is not going anywhere, it’s been here for a long time, and will continue to be here for a long time to come.

Soon the only stock investing tip you will be listening to will be coming from the knowledge that you have learned, and that is the best investing tip that you can get. Then your friends and family will be coming to you for investing tips.

Manage Your Finances

HOW TO BUDGET?

No one likes to budget. It’s a lot of work for little reward. But the secret of budgeting and personal financial management is simply to ensure that there’s just enough money left over each month to pay your bills and maybe have a little fun. Many people do not budget but it should be done to really help you get ahead.

If you have made poor financial decisions over time – and it happens to the best of us – you may have allowed your bills (your loans) to get out of control. This could come back to haunt you if you want a loan for a car or a house or anything else you need to get a loan to buy.

Here’s what you need to make sure that you have control over your financial situation. Here are some valuable budgeting techniques to guide you in your expenses and income.

The first thing you want to do is make sure that you pay for your utilities on time and in full every month. Don’t wait until it’s too late to pay them. The second thing you need to do is make sure that you don’t have too many credit cards. Only a few credit cards are necessary to get by in life. You should consider cutting up the rest of them. And the third thing you should do you, if your bills have gotten the best of you, is to consolidate them into a single loan. This will enable you to pay them off over time without getting slammed with high interest rates.

Finally, establish a budget for yourself. This seems difficult and that’s why most people don’t do it. And because people don’t have a budget they find themselves in financial straits.

The easiest way to establish a budget is to take a draw a line down the middle of a piece of paper. On the left, write down your after tax household income. Be sure to write down the after tax amount as you want to measure available income only. After all, you don’t get to spend the before tax amount, right?

In the right column, list an average of each monthly bill. But you should also include your typical spending habits as well, like eating out, or impulse shopping. Don’t forget to include paying off your credit card as part of the bills!

Now that you have a list of income and expenses, see if there’s a way to increase your income, or reduce your expenses. Usually you’ll find a way to do a little to both.

While it seems so simplistic, so few people do it. And yet, creating a budget and sticking to it often separates the successful people from everyone else. What’s stopping you from doing it right now?

Getting Rid of Credit Card Debt

Can I get out of credit card debt?

Yes, you can get out of credit card debt. If you are determined to get out of credit card debt you surely can get out of credit card debt. Though it’s a bit difficult to get out of credit card debt, it isn’t impossible. All you need to get out of credit card debt is determination and planning. Both are equally important (or maybe determination is even more important). Determination doesn’t come without proper reason.

Ask Yourself

First, ask this question to yourself – “What will I get if I am able to get out of credit card debt?”, “What difference will it make”, “What’s in it for me” or “Is it really beneficial to get out of credit card debt”. Use the answers to build your determination. The fact that all the nagging via mails/phone (by the credit card supplier and/or their collection agent), will be gone, should do good to strengthening your determination and should provide you with a reason on why you should do your best to get out of credit card debt. Think about the stress-free life after you get out of credit card debt. Try to link various reasons together and try to see the benefits through them. All these collectively will help in bolstering your determination and prevent it from getting weak at any point in time.

Plan

The second thing that you need to get out of credit card debt is planning. The planning to get out of credit card debt will start with making a list of the credit cards that you currently posses and noting the debt and the APR for each of them. The sum total of all these various credit card debts, will give you the total credit card debt. You also need to check if you have been defaulting on payments on some of these credit cards (and hence incurring a late fee). You will need to avoid that and put it on the plan you have prepared to get out of credit card debt. The next step in getting out of credit card debt is to check your current financial position and make an assessment of what you expect your future financial position to be. Next comes the research to check the various balance transfer offers available in the market; to see if one of these can prove beneficial to you. Use all this information to calculate how much time you will require to get out of credit card debt and how you will distribute the debt payment across your various credit cards (ensuring that you payoff the debt that is hitting you the most and also ensuring that you don’t incur late fee on any credit card payments).