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Selasa, 29 Juni 2010
5 Tips for Talking Money With a Potential Employer
8 Surefire Tips for Stay-at-Home Parents to Jump Back into a Career
7 Ways to Improve Your Cover Letter and Get Your Application Noticed
Don't underestimate the power of a cover letter. When well-written, attractively designed and customized for the recipient, a cover letter is a powerful tool that can practically scream, "Interview this candidate immediately!"
But when they are thrown together using little to no consideration, personalization or creativity -- as cover letters often are -- letters are as ineffective in the job hunt as blank sheets of paper.
"This is a major misstep when job searching," say Wendy Enelow and Louise Kursmark, co-authors of "Cover Letter Magic." "You should take advantage of every opportunity there is to stand out from other candidates."
Enelow and Kursmark also say that writing a cover letter can be more fun than job seekers realize. "With the right perspective and a positive attitude, you'll find that it affords you great flexibility. There is no one set format in which they must be written. There is no one style in which they must be presented. In fact, there are very few rules at all, and because they are so flexible, cover letters allow you to positively present just those skills, qualifications, achievements and credentials you want to bring to the recipient's immediate attention."
There are a variety of ways job seekers can get creative with their cover letters and bring them to life in ways they never considered. In their book, Enelow and Kursmark suggest a few of these techniques:
1. Find out what your target employer's slogan, catch phrase or mission statement is and brainstorm ways to include it in your cover letter's introduction. This technique will quickly capture the reader's attention, demonstrate that you are familiar with the employer and stand out from other candidates' one-size-fits-all cover letters.
2. Add a table or two-column section that closely connects the employer's requirements to your qualifications and professional achievements. This strategy will quickly provide the employer with concrete evidence that you're a good fit for the job and worth learning more about.
3. Begin with a thought-provoking quote relevant to the position, the employer's goals or your target industry. Many people love to read, share and ponder quotes. Including one in your cover letter can be a quick and effective way to engage the reader.
4. Feature a strong headline near the beginning of the cover letter. To keep it brief, yet powerful, address one of the employer's key concerns or spotlight your expertise or an attribute that will be particularly appealing to the employer.
5. Develop your own slogan or mission statement and include it near the top of your cover letter. This technique will enhance your career brand and stand out much like a headline would. To draw even more attention to the phrase, place it inside a graphic element that is attractive and appropriate.
6. Add a "P.S." to the end of your cover letter. Often, it's the first thing a person will read.
7. Include testimonials about you in the body of your cover letter or in an attractive sidebar. Testimonials will emphasize your skills and achievements and support claims you make about your expertise and why you're the best candidate for the job.
Preparing for Your 2010 Job Search; 5 tips to get you ready
Internet Tips and Tricks to Help You Land Your Next Job
10 Job Search Tips for 2010
Common Job Interview Questions
Regardless of your field, there are five things that almost every interviewer asks:
1. Can you tell me about yourself?
This is the most hated and most common question in interview history. Typically asked at the beginning of the job interview, this question gives the interviewer an opportunity to gain knowledge about you and your capabilities.
When you answer, offer a summary of your personality, skills, experience, and work history. Do not mention your knitting hobby or your pet iguana. Try to stick with facts that will demonstrate why you are the person for the job.
2. Why do you want to work here?
Even if it is true, do not answer with: Because I really need a job and you were hiring. If you did any research prior to the interview, you can answer this question. Utilize what you know about the company. Tell the interviewer why you admire the company, their practices, or their product.
If all else fails, make a connection between the job description and your abilities. Tell the interviewer why you are compatible with their company.
3. Why should we hire you?
This is one of the most important questions that you will be asked, and you need to make sure that you have a very good answer. Try to be as specific as possible. Explain in detail: why you would make a good employee, why you are the right fit for the job, and what sets you apart from other applicants. Point out your achievements, accomplishments, and applicable experience.
4. Why did you leave your last job?
This is actually more of a test than a question. The interviewer wants to see what pushes your buttons. Your answer should be as honest as possible, but whatever you do, try not to sound bitter, angry, or violent. And most importantly, do not badmouth your former company, boss, or co-workers.
5. Where do you see yourself in five years?
Why do interviewers continue to ask this question? Because- it shows them how motivated you are and it offers insight into your professional intentions. Instead of telling the interviewer that you would like to be sailing in the Bahamas, try offering information about your professional goals as the relate to your job or industry.
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Goals and Happiness
If you understand and apply the following definition of happiness, you also open the door to unlimited success for yourself, your family and your group.
"Happiness could be defined as the emotion of progress toward desirable goals. There is an instant of contemplation of the last goal in which one is content. But contentment becomes boredom immediately that new goals do not come to view. There is no more unhappy thing than a man who has accomplished all his ends in life." — L. Ron Hubbard
Examine how three facts, from this definition of happiness, make happiness come and go in your life.
1. "There is an instant of contemplation of the last goal in which one is content."
Think of goals you have reached in the past. Remember how you felt on your wedding day or when you graduated from school or a training course? In each case, you achieved a goal!. Remember those times when you were content with life? Maybe when you started a business or landed a great job? When you paid off your debts?
At every point in your life when you felt content or happy, you can probably find you were either making progress toward a goal or had reached a goal
2. "But contentment becomes boredom immediately that new goals do not come to view."
Without a new goal, you get bored. Boredom leads to stress and misery. For example, planning a vacation is exciting. But toward the end of a vacation many people are bored to tears as they no longer have a goal. Arguments during honeymoons are common if the newlyweds do not set goals for their marriage. Planning your retirement and the first day of retirement is a thrill. But the joy of freedom quickly turns to boredom and early death if you do not work on new goals.
"There is no more unhappy thing than a man who has accomplished all his ends in life."
Think of a time you were very bored. Had you completed a major goal without starting a new one? Look at other times you were bored. Examine your goals, or lack of goals, at those times.
3. "Happiness could be defined as the emotion of progress toward desirable goals."
We can use this definition to understand unhappiness as well. When were you last unhappy?
In each case, you probably 1) had no goal, 2) were trying to reach an undesirable goal, or 3) you were making no progress toward a goal. Using the definition of happiness makes happiness easy to achieve. Simply chose desirable goals and make progress toward them!
Exercises
The following steps will help you put this definition of happiness to use.
1. List goals you have not yet reached.
Small goals, large goals, old goals, failed goals and current goals. Make a very complete list.
2. Circle those goals that interest you the most.
Drop out the goals that do not excite you as you can’t reach a goal unless it interests you.
However, if an uninteresting goal is vital for you to reach, find ways to get excited about that goal. Examine the goal’s benefits. For example, maybe the goal to "Pay off all debts" does not thrill you until you examine the benefits: Save $5319 in interest this year, financial freedom, less anxiety.
If you cannot find any benefits of the goal, eliminate it.
3. Add new, desirable goals.
Push the envelope of your self limitations and set goals you really, really want. What are your greatest desires?
If you had unlimited time, money and support, what would your life be like? What would you do? What would you have?
If you knew you could accomplish ANYTHING, what would your goals be?
Add these goals to the list.
4. Line up your goals in a logical sequence.
The better your goals align with each other, the more likely you will reach them. For instance, if you have a goal to travel the world for six months this year and another goal to make more money this year than ever before, you might have problems.
However, if you line up your goals, your odds of success are better because your focus is constant. Example of aligned goals: "Finish my training program so I can double my productivity and income." "Help my husband lower our monthly debts so we can spend more time with the kids." "Delegate all of my sales activities to the sales manager so I can open a new office."
5. To complete the procedure and become happier, you now need to start making progress toward your goals.
Big steps or baby steps, any progress is progress.
Plan out next week. Plan out the month of January. Plan your best year ever.
Make a new habit of reviewing your goals each day to keep your attention and efforts aligned with your goals. At the start of each day, ask yourself: What can I do today to make progress toward my goals?
The more progress you make toward your most desired goals, the happier and more successful your new year will be!
Job Info , Jobs , Employment
Getting Started on Twitter: 25 Tips For Job-Seekers to Take Advantage of the Web's Best-Kept Job Search Secret
Twitter.
There's been lots of buzz about it. Perhaps you even visited the site, created an account, or dabbled with tweeting. Not love at first sight, right? If you're like most people, you're not alone in wondering, "What's the point? How can this cacophonous site -- crammed with apparently tangential, disconnected information -- possibly help my job search?"
Do keep an open mind! Although Twitter has a learning curve (as is the case with all good things), you can find value from Day One, whether just dabbling as a NOOB (Twitter shorthand for newbie) or committing to becoming a power user. Here are 25 tips to get you started:
- Lurk First. Sit back and study what's happening on Twitter before jumping in with both feet. You can do this even before setting up your own Twitter account by going directly to Twitter user's streams (for example, you can see my Twitter stream at www.twitter.com/susanwhitcomb or my coauthors in The Twitter job Search Guide (JIST, 2010), www.twitter.com/chandlee and www.twitter.com/CEOCoach). You can also visit www.monitter.com and search keywords of interest to you.
- Think Strategic When Setting Up Your Twitter Account. Many people vacillate between using their own personal name (such as JohnDoe) or profession (such as CFOintheKnow). There are advantages to both, but using your real name can add to your name recognition. If you have a common name that is already taken on Twitter and want to use your name, add a designation that matches your profession, such as JohnDoeCPA or JohnDoeSalesExec.
- Write an Employer-Focused "160me" for Your Twitter Profile. Twitter allows you 160 characters max to describe who you are. Give them a taste of the return-on-investment they'll receive from hiring you. For example: "Go-to resource for publicity for nonprofits. Earned org's cover stories in regional mags; PR delivered 10s of thousands in contributions."
- Point Employers to More Information. In your profile, include a link to a site where employers can get more information about you, such as your resume at VisualCV.com or your profile at LinkedIn.com.
- Include a Professional Photo. Leaving off a photo is an invitation for people to dismiss you. Your photo should be as professional as you look when going to an interview -- your absolute best. A greater sense of connection seems to take place between followers and followees when each of you can see what the other really looks like. If you use an avatar, be on brand. Some people use avatars rather than a real photo -- these sites are great starting points for avatars: BigHugeLabs.com and SouthParkStudios.com.
- Don't Rush to Follow at First. When you follow people on Twitter, it's likely they will consider following you back. If your history of tweets (your "tweet stream") isn't interesting or it's non-existent, you'll lose the opportunity to gain new followers. Instead, put out some interesting tweets first.
- Tweet On-Brand. Tweet primarily about things that relate to your profession. Read news feeds, blogs, and other resources for relevant, fresh content.
- Set Up Google Alerts for Tweet Content. Go to Google.com/alerts to set up alerts for industry trends, news on your target companies, and more sent directly to your email. You can then be the first to tweet about it.
- Use a Third-Party Application (API). Twitter can appear disorganized and confusing. APIs such as TweetDeck.com, HootSuite.com, and Seesmic.com help organize tweets into columns of your choosing, such as those that reference your name, those that contain a relevant hashtag or keyword (such as #forensicaccounting), or a list of followers you are particularly interested in.
- Follow People Who You Want To Know You. Follow companies on your list of target companies, employees in those companies, potential networking contacts, recruiters, industry leaders, and others who might help connect you to the people with the power to hire.
- Explore Twitter's Advanced Search Feature. Search Twitter's advanced search function at www.search.twitter.com/advanced to search for opportunities (e.g., #jobs #portland #finance) or people.
- Search Beyond Twitter. Use sites like TweepSearch.com, Twazzup.com, Tweetzi.com, or Tweefind.com to find people (e.g., recruiters, finance).
- Use the 75-25 Rule When Tweeting. When in job-search mode, approximately 75 percent of your tweets should be professional, while 25 percent can be more of a personal nature (e.g., "Looking forward to my 25-mile ride through the Blossom Trail this weekend."). Use discretion with your personal tweets!
- Tweet, Tweet, Tweet, But Don't Get Sucked In. Be careful that your time on Twitter is focused and productive. Consider a 15-minute-a-day model where you spend five minutes in the morning, noon, and afternoon. During that time, you might tweet about an interesting industry trend, retweet someone's tweet that would be interesting to your followers, and send an "at" (@) message to someone based on an intereting comment in their tweet stream.
- Retweet -- The Highest Form of Flattery. Retweet (RT) interesting tweets from your networking contacts. Imagine how impressed a prospective employer might be when he/she sees you retweeting information that will promote the company.
- Turn Your Twitter Conversations into Phone and Face-to-Face Conversations. You'll eventually want to shift the conversation from Twitter to a voice conversation or live meeting. Watch for opportunities, and act immediately when they present themselves.
- Time Your Thank You's. As you engage people on Twitter, people will recommend you, retweet you, and compliment you. Consider thanking these people at off-times (late in the evening, early in the morning) so they don't clog your tweet stream.
- Schedule Your Tweets. In some cases, you'll want to schedule your tweets in advance if you know you'll be unable to tweet. SocialOomph.com is a free service that will allow you to do that. HootSuite.com is another.
- Go Mobile. Set up mobile alerts so you can stay in touch with Twitter friends while on the road. Tweetie is a favorite iPhone app. Android users can check out twidroid.com.
- Sign up for TweetMyJobs Alerts. Every job seeker, whether a Twitter user or not, should visit www.TweetMyJobs.com to sign up for mobile-phone alerts of jobs relevant to their profession and geographic area. It's simple and free to jobseekers, and a lot less expensive for employers than some of the traditional job sites such as Monster and CareerBuilder.
- Use Hashtags. Hashtags, represented by the # sign in front of a word (e.g., #accounting, #finance, #programming, #healthcare), are used on Twitter to help users find all the tweets with that hashtag. Use them religiously! You can find a hashtag directory at hashtags.org. Or, simply watch for the hashtags used by your favorite tweeps to get an idea of the latest hashtag lingo.
- Let Your Followers Know You're Looking. One savvy jobseeker posted this hashtag-heavy tweet to gain the attention of employers and recruiters: "Looking to leverage my awesome #transportation #trucking #logistics & #supplychain tweeps to find #employment in #Charlotte NC. Suggestions?" Consider tweeting this type of information weekly.
- Get Career Advice on Twitter. Follow savvy career coaches and job-search strategists for great career tips (such as this list) or search for hashtags such as #careercoach #resumes #jobsearch #twitterjobsearch.
- Use Lists to Find People.Check out Listorious.com to find lists of people of interest in your target companies or profession. Similarly, check out the lists that other Twitter users have created.
- Give, Give, Give Before You Go Asking for Help. As in all networking, look for ways to be of help to others before asking them for help. If you start off on Twitter with a tweet that says: "Lost my job. Anybody know of job openings?" You'll not likely get much help.
Job Info , Jobs , Employment
10 Tips for Getting Your Work/Life in Balance
Business Ethics To Practice
Ethics in business has been a concern for businesses for a while now, but events of the past years has mad it even more of a focus. It seem like it should be such an easy thing; do what is right and you won't get into trouble, but deciding what is right seems to depend on who you talk to.
Business schools teach managers have a responsibility to grow the business and get the best return for the stakeholders, but some times the stakeholders have conflicting concerns. How do business ethics apply to that type of situation?
3 Important Business Ethics
While there are often times that the answer is not clear cut, there are a few standards that will help you avoid major missteps.
Honesty
One business ethics rule you should never violate is to tell the truth. Regardless of what problem you might face, you will never go wrong by being honest. If you need to make a decision that is not popular, or may even harm one group or another, be honest with the people involved.
Most of the major business ethics scandals over the past years have come as a result of business leaders that were dishonest. Knowing right from wrong, they chose wrong, and then lied about what they had done. Those in the organization that were not involved in the original problem ended up getting in trouble when they participated in the cover up.
Perhaps the most basic tenet of business ethics is maintaining honesty. Those you deal with may not agree with you, but they will respect the fact that they know that you are telling them the truth. That goes a long way with people.
Integrity
Business WomenThere are times in business when people do something that may be honest, and it may be the right decision for the company, but they go about it all wrong. You have heard stories of companies that announce layoffs the week before Christmas.
Many times these companies new about the decision weeks or even months before it was announced, but in order to avoid problems, they put off the announcement until the last minute. Integrity in business ethics would say that you tell your people what is coming so they have the opportunity to prepare for the layoff.
The same is true with price increases for your clients. If you need to increase prices you need to be honest and up front about the increases, not try to slip an increase in unnoticed. This type of behavior usually backfires, and the reputation of your business is harmed in the process.
Security
One area that has improved over the years is the issue of security of information about your clients and customers. There have been too many examples in past where a company has sold customer contact information to a third party for marketing purposes. You customers end up on a junk-mail list because the company owner saw an opportunity for a quick pay-day.
You need to apply business ethics by making sure that any information you collect about your customers is kept completely private. If your customers do not feel safe with your business they will quickly go to your competitors, and you will have a hard time trying to win them back.
Code of Business Ethics
One way to make sure the people in your organization abide by your business ethics is to write a Code of Ethics for your organization. This sends a message to your employees and your customers that you practice good business ethics.
Be prepared to spend some time getting this right. It isn't something you can typically knock out over lunch one day. You need to make sure it truly captures your view of business ethics for your organization. If you do this half-heartedly, your customers and employees will see through it, and they will probably doubt that you truly hold to the business ethics that you claim are important.
Points To Keep In Mind…
- Many problems can be avoided by being honest with the people involved.
- Sometimes businesses do what is right, but they go about doing it all wrong.
- A Code of Business Ethics lets your customers and employees know what is important to you.
- Once you lose the trust of the people you deal with it is very hard to get it back.
- Your Code of Ethics needs to truly reflect what you believe and not just something you threw together.
Job Info , Jobs , Employment
Don’t Apply Without a Cover Letter
Chances are you went through several drafts of your résumé before you submitted it to a prospective employer. You wrote and rewrote each line several times and had friends, family, even strangers proofread it. But if you send it off without enclosing a cover letter, your hard work may never be seen.
According to a CareerBuilder.com survey, 66 percent of hiring managers prefer a good cover letter attached to a résumé. Think of it as the first chance to stand out in a sea of applicants. Your cover letter, if done well, tells the hiring manager you are qualified for the job and a serious candidate. Perhaps more important is the opportunity to show your personality.
For this reason, many hiring managers discard any résumés that don’t have cover letters. Omitting a cover letter tells the employer that you can’t make the effort to sell yourself and to save him or her some time. Writing a cover letter is an easy way to keep yourself in the game.
Here are some things to remember as you write your cover letter.
It’s your cover letter, not your memoir
Keep the cover letter to a few organized paragraphs that fit on one page. You want to give the reader a glimpse into your personality and your ability as an employee, but no one needs to know every little detail about your life.
Be yourself
Being yourself doesn’t mean being your Saturday-night self. It means putting a little personality into your writing. Recruiters aren’t looking for jokes, but they do want to know a real person is applying for the job. Just changing the “To” and “From” fields in a form letter will come across as lazy and generic. Use your own words and ideas.
Let the resume speak for itself
Hiring managers read the cover letter before they (hopefully) flip the page to look at the résumé. They might decide they don’t want to read the résumé if your cover letter sounds like it’s restating the exact same information without offering anything new. Discuss a specific achievement or experience that shows your qualifications for the job. The cover letter and résumé combined give you their attention for only two pages, so don’t waste it repeating yourself.
Know your audience
If your boss greeted you each morning by saying, “Hello, employee,” you’d be irked she didn’t know your name. Cover letters beginning “Dear Sir or Madam” and “To Whom It May Concern” leave similar impressions. If the job posting does not specify who will receive the applications, find out. Look online or call the company’s main line to ask for the name of the corporate recruiter or hiring manager. Once you find out, use a formal title such as Mr., Ms. or Mrs. It adds a personal but professional touch that will be appreciated.
Why you want this job
Sure, a paycheck would be nice, but hopefully you want this job for another reason. The company’s history, accomplishments and culture probably played a role in your decision to apply. Let the hiring manager know. It tells him or her that you’ve done your homework and are serious about being a member of the team.
Your manners
Even though job hunts are increasingly taking place online, you still need to adhere to business etiquette. As you would on any professional correspondence, include your full contact information as well as the hiring manager’s name and company address. And of course, avoid any typos and grammatical errors, which include netspeak .
Take your time
You already know how important a cover letter is, so don’t rush through it. Treat it with the same care you used for your resume. Check your facts. Write several drafts, revise it and look it over again. Let your first impression be a good one.
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10 Ways Your Resume Irks Hiring Managers
Fashion designer Coco Chanel had a personal rule: Before she left the house, the style icon always removed one piece of her ensemble to avoid the faux-pas of wearing too many accessories. Were Chanel alive today and working as a hiring manager, she would likely offer similar advice to job seekers: You don't have to include everything.
Job seekers do themselves a disservice when they send out resumes with more information than they need. Most employers don't have the time or patience to sift through the irrelevant details. Here are 10 things your resume could do without:
1. Spelling mistakes and grammatical errors.
"If you are careless enough to send out this most important document with a mistake... I immediately assume you'll never care enough about the work you send out representing my company," says Jose Bandujo, president of New York-based Bandujo Advertising. He recalls one candidate who misspelled Manhattan, despite having worked in the city for a decade and another whose great educational background didn't compensate for the fact that he couldn't spell "education."
2. Opening objectives.
"These are generic... They do nothing to differentiate one candidate from another," says Donna Flagg, president of The Krysalis Group, a human resource and management consulting firm in New York.
3. Personal attributes.
Listing personal information such as height, weight and age and providing photographs is a pet peeve for Heather Mayfield, vice president of training and operations for Snelling Staffing Services. "It is amazing that we still see this on the résumés of today, but they are out there."
4. Interests and hobbies.
If these points of information don't pertain to the job in question, there's no need to include them. "Create a mystery and save these kinds of data points when you start the job," advises Roy Blitzer, author of "Hire Me, Inc.: Resumes and Cover Letters that Get Results."
5. Details of every task you've ever performed in every job you've ever had.
"It's too much information. Managers and recruiters need to know at-a-glance what makes a candidate special," Flagg says. Focus on those details that pertain to the job for which you're applying.
6. Excessive bragging.
Stating one's accomplishments can be helpful, but when it's overdone, the candidate can come across as narcissistic, a huge turnoff for employers, Flagg says.
7. Outdated information.
Leave off the activities that you did in high school if graduation was a few years ago and omit jobs you held 10 or more years ago, as the information is probably irrelevant to the position you're trying for now.
8. False information.
"Putting [that you have] a B.S. on a resume when you do not have one is 'BS,'" jokes Stephen Viscusi, author of "On the Job: How to Make it in the Real World of Work." Not only is lying on a resume unfair and dishonest, it's also not very intelligent. "Companies verify dates of employment -- often after you start. If you have lied, they fire you...Nobody wants to hire a liar. Nobody."
9. Unexplained gaps in work history.
While job seekers should account for these gaps, they should be careful with their wording. "One of the weirdest things that I ever saw on a resume... was a candidate who explained a 10-year lapse in work experience as being in jail during those years for killing her husband," recalls Linda Goodspeed, marketing recruiting manager at VistaPrint. In such a situation, she says, the best thing to write would be "left work for personal reasons," and the candidate would be able to explain the criminal record later.
10. A lack of professionalism.
Colored paper, cutesy fonts, links to personal websites and childish e-mail addresses all scream unprofessional and are a turn off to hiring managers. One otherwise qualified applicant didn't get an interview at Bandujo's firm solely because of the name in her email address: "weird2themax." "I recognize the advertising industry is full of talented, interesting 'characters'," Bandujo says, "but did I really want one who thought she was weird to the max?" No, he decided, he did not.
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Five Common Mistakes Entrepreneurs Make and you Should Avoid
Mistakes.
Entrepreneurs Make #1 – Unclear Goals
Not having clear goals and a clear mission is like trying to drive through a foreign city without a map. he easiest way to avoid making this mistake is to write down your goals and strategies. Too often people can be thrown off course by innocently misinterpreting the goals and strategies. To assume that everyone involved with the business has a clear understanding of its mission can cause many more errors down the road.
In addition to writing down the goals of the business, be sure to write down measurements for success! Set your goals with timelines or milestones in mind and keep focused on meeting those objectives.
Mistakes Entrepreneurs Make #2 – Trying to prove you are Smart
The quickest way to make enemies is to try and prove you are the smartest one out of all the people you work with. Trying to prove you are smart is self-serving and has everything to do with ego; you will end up looking foolish for not listening to the advice of others in business.
No one has all the answers. Where you become smarter is when you realize that there are many other talented people who you can learn from. If you are fortunate enough to be surrounded by such a group of people, learn to be gracious and acknowledge and give credit to them for helping you along the path of building your business successfully.
Mistakes Entrepreneurs Make #3 – Greed
This may sound like a silly question but: are you in business to simply make money? Or, have you become an entrepreneur in order to march to the beat of your own drummer?
Becoming a successful entrepreneur involves the creative efforts on not only your part, but also on the part of others who contribute time and money toward your business. They want to succeed with you and are more likely to stay with you as long as they are valued---by you.
This means that you cannot keep the whole pie to yourself. Just because you might feel that you work harder than others do, does not mean that you are entitled to all the business equity. Think of it this way: with the help of others' contributions of time and money, what might the value of your slice of the pie be worth down the road?
Mistakes Entrepreneurs Make #4 – Hiring the Wrong People
Your business is not being set up as a social gathering and filled with all the people whom you like. Your business needs to be comprised of knowledgeable and talented people who are good at what they do.
Successful entrepreneurs concentrate on hiring the people they need---not just people they like.
Part of writing your goals and strategies includes creating job positions for people to fill. Without a clear-cut job description and list of duties for those areas, how would you know the best people to hire?
Mistakes Entrepreneurs Make #5 – Not Knowing when to Let Go
Many business owners refer to their venture as their “baby” and, in many ways, building a business is just like rearing a child.
As an entrepreneur, you are starting with a seedling of life that you will nourish and grow and the “child” begins to mature. Over time, other people contribute their time, skills, and money into the business and, as the business grows, the relationships change.
Be prepared to hand over responsibilities to others so that you do not suffer from “burn out.”
Important Points to Remember to Avoid Making the 5 Biggest Mistakes:
Coffee Cup Nespaper and cell phone
- * Develop and write down goals, strategies, and measures for success.
- * Give credit to others who are smarter than you.
- * Be fair with sharing the equity in the business.
- * Hire the people you need---not just the people you like.
- * Learn to give responsibility to others at the right time.
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