4 Healthy Indicators Of High Self-Respect

The first principle of my blog is Creating Ecosystems of Success, and a key focus is Health/Wellness. Self-Respect is important not just for yourself but in terms of interacting with others as well. A high level of self-respect can drive your decision making and ability to navigate life as well. The following contributed post is entitled, 4 Healthy Indicators Of High Self-Respect.

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Being able to look after yourself and respect yourself is hugely important. Not only does it make for a happier and more fulfilling life, it’s also hugely effective in terms of keeping you physically healthy too. The mind and body are essentially two sides of the same coin, and the more that you pay attention to one, the more the other benefits alongside too. But if you are feeling as though you might not allow yourself the right level of self-respect, then you are probably keen to do something about that. As it happens, there are a whole host of ways in which you can hope to improve your self-respect, and it all starts firstly by understanding it as a process as well as you can. In this article, we will look into some of the healthy indicators that you have high self-respect. If you can see these qualities, you know that there is a lot of self-respect there too.

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Good Physical Health

We have already alluded to the way in which physical and mental health work together. It works both ways, and if you happen to have good physical health which you keep up with a lot of the time, it’s highly likely that this is mostly down to having a good level of self-respect. When you respect yourself, you are much more likely to push your body and to improve it through training, as you both want it to be in the best possible shape and you feel much more able to do the necessary training to get it there. Conversely, if you are not in great shape, it will almost always indicate that you are not quite as happy with yourself as you could be.

The trouble here is that it is the kind of thing that can easily become a cyclical problem. If you allow your physical health to worsen, that will cause a decline in your emotional health, and then you will feel less keen to go out and exercise again. Before long, you are going to find that you are letting both slip, and that is not a situation that you want to be in. So make sure that you are staying on top of your physical health as well as you can, and you will find it helps to keep your self-respect up high as well.

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The Ability To Self-Regulate

This is something vital that we should all have, but which can become undeveloped or forgotten in many people at different stages of their life. Self-regulation is the term for being able to act in ways which you know are for your best future interests in the long term. This should generally trump anything else such as immediate desires which you know will cause you damage – although in practice, everyone in the world engages in some kind of damaging act at least sometimes. But the ability to self-regulate is a hugely powerful indicator that you have a high self-respect, and if you happen to notice that you don’t really have this yourself, then it’s likely you have self-esteem problems somewhere.

As with many things, this is something that usually starts in childhood. The process of teaching self-regulation to young students and children can be hard, and for many parents it doesn’t ever become a priority. Those children will then not develop a natural sense of what it means to take care of themselves for the long-term, and once you become an adult you might find that this shows up in a variety of poor behaviours which you then try to fix. Idf you find yourself in this position, don’t fret – it is still something you can work on at any point in your life, and you should never feel as though all is lost. But you will need to start actively thinking about what matters for your health and wellbeing, and to make the right steps and changes to make it happen. The more you do it, the easier it becomes, until eventually you are going to find it is a fairly natural skill which you have developed.

Confidence

Who doesn’t want to be confident? Confidence is much-admired, but mostly misunderstood, and it’s that misunderstanding which stops people actually being able to take it for themselves. A lot of people feel that confidence is somehow always being on top in social settings, or even being domineering of those around them. This couldn’t be further from the truth. Actually, confidence is much more like not caring whether or not others like you, and doing whatever you want, regardless of whether other people like it. Clearly, this kind of no-nonsense get-what-you-want attitude is a sign of a healthy self-respect, and it is for this reason that you should seek it out. Of course, as with anything, you can practice either and you will get more of the other – and if you don’t feel you have much confidence, you can do a lot to generate it in yourself.

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The best way to build confidence is to make a point of focusing primarily on yourself, and doing what you want. Pleasing number one firstly is the best thing you can do. You should then think about slowly but surely stepping outside of your comfort zone, until you are at the point where you can appreciate that you are capable of more than you thought. In this way, you will surely and slowly build up your confidence, and at the same time your self-respect will start to soar as well. Confidence is hugely addictive, so it’s exciting to get started in building it up.

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Kindness

Funnily enough, even being kind to others is a sign that you respect yourself, as long as it comes from a healthy place. If you are over-pleasing, then it’s not healthy, but if you are instead being normally kind because you want to be, then that is a very good sign indeed. It takes a strong self-awareness and understanding to be kind to others, and this is one of the first things you should think about developing if you are keen to respect yourself more. You’ll be amazed at what a difference it makes.

Employee Engagement Ideas For Remote Teams

The first principle of my blog is Creating Ecosystems of Success and two focuses are Business/Entrepreneurship and Career Discussions. A great perk for many employees is being able to work remotely. Working remotely gives a lot of flexibility and can add to productivity. There’s a downside to it too, and management must consider how to get the most of teams of employees working remotely. The following contributed post is therefore entitled, Employee Engagement Ideas For Remote Teams.

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Ensuring your employees are engaged is not always an easy task, yet it can become even more difficult when dealing with remote teams. Nonetheless, the following employment engagement ideas from Unum should give you a helping hand…

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Frequent Communication

When dealing with a remote team you should never take the ‘no news is good news’ stance. This is likely to lead to disengagement, as the team members may feel you don’t value them enough to tell them what’s going on. It is definitely a case of the more communication, the better.

Embrace Instant Messaging

A lot of managers believe it is more efficient for them to be the only point of contact. However, you risk alienating the team in question, and this is extremely damaging. Why? Well, information won’t flow effectively and work relationships won’t develop. Instead, promote healthy communication via the use of internal instant messaging.

Consider Various Communication Tools

When engaging with a remote team you need to make sure you use the right tool in relation to the message you are giving. If you merely need to rely on a simple message, an email will suffice. However, when something is more elaborate, or complex, or requires brainstorming, it will be more effective to use an advanced video tool. You can easily find these on the Internet, and some are even free to download. However, managed solutions come highly recommend, as they will be developed to suit your business.

Better Scheduling

Why should those on the other side of the world always have to take a conference call whilst they should be sound asleep? A lot of businesses schedule in relation to what is convenient for their home office. However, if you consider your remote teams and schedule for their benefit in some instances, you show that they are just as important and this keeps them engaged.

Give An Explanation

This is a simple yet effective engagement idea for remote teams. Often, everyone in the home office will know what is going on and consequently their reason for performing a particular task. However, remote teams may be asked to do something and they have no clue why. This may interrupt their current workflow and thus cause irritation. Moreover, it may lead them to feel disengaged because they are working on something without purpose. Therefore, all you need to do is explain why.

Create Personal Connections

It doesn’t hurt to ask someone how he or she is and what is going on in their life. A lot of managers neglect to do this because they feel they are wasting time. However, creating a human connection is time well spent. If you can’t spare five minutes of your time to get to know an employee, no matter where they are located, they won’t feel valued. Instead, they will feel overlooked.

So there you have it, six easy yet highly effective employee engagement ideas for your remote teams. As soon as these practices are implemented you will immediately notice a difference. Start today by making a personal connection when you next communicate with someone in a remote team.

Improving Your Confidence at Work

The first principle of my blog is Creating Ecosystems of Success and a key focus is Career Discussions. No matter which career you’re in, you want to get to a place where you exuding confidence at work. While each job title and career are different, there are some common areas you can focus on to increase your confidence. The following contributed post is thus entitled, Improving Your Confidence at Work.

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Confidence is a funny thing. You be fine in some situations and then totally lose it in others. Such is the human condition. We all have different fears and anxieties and they play into how confident we feel in different situations.

Our confidence can be fleeting in some cases and strong in others. But learning to face your flaws and feel confident in every area is still possible. You just need a strategy for each area.

Presentation Skills

One of the main fears people have is a big presentation. Often the fear stems from having everyone in the room look at you and judge you for what you are saying. Even if you feel proud of the presentation you have made, there is always that nagging doubt that you got everything wrong!

Luckily, you can improve your presentation skills with practice and a little refinement. Perfecting your presentation to make sure that it is readable and easy for you to follow is the first place to start. If a sentence isn’t flowing or you are tripping over your words, a small rewrite will make a big difference. Similarly, finding a strategy to cool your nerves is a good idea. Practice your presentation a few times to get a feel for it and take a few deep breaths before you start. Speak a little slower than you might usually and you will soon find a rhythm.

Conversation in Meetings

There is a huge difference between feeling confident in making a presentation and being able to share an idea in a meeting. For one thing, in a presentation you just have to talk whereas in a meeting, you need to listen and progress the conversation.

One of the first steps is to persuade yourself that the jitters you feel are excitement rather than anxiety. This might sound weird but actually, the positive reinforcement does help.

The next thing to do is commit to talking early on in the meeting. The longer you stay silent, the harder it is to jump in. If you like, take in some notes so that you remember the points you want to make or discuss and do take notes as people talk to help you keep up.

Talking on the Phone

The phone is becoming something of a lost art between text and email but it is still a vital office skill everyone should have. There are lots of ways to learn how to talk on the phone and taking notes as someone speaks will help you concentrate. Again, speaking a little slower than usual makes things easier.

If you are making the phone call, it’s a good idea to plan what you would like to say ahead of time. Before you even dial you can have a list of key points, words and phrases you want to say. However, do allow for some deviation from your script. Keep things relaxed and don’t worry if you need to think about a response – just say you need to think!

Over time, your confidence at work will improve in all situations. Be patient and try not to let your anxiety spiral – you’ve got this!

How Your Choices Can Affect Your Career

The first principle of my blog is Creating Ecosystems of Success and a key area of focus is Career Discussions. Choosing the right career for yourself can be one of the most important life choices one can make. There are different reasons for choosing a career such as outside influence, industry trends or personal strengths. The following contributed post discusses this and is entitled, How Your Choices Can Affect Your Career.

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In life, we all have choices. We can choose what to eat for breakfast, what to wear each day, or even what to do in the evenings. Yet, we don’t always realize that. Sometimes, it’s just far too easy to find yourself living on autopilot – or worse, living for someone else. When this is the case, you may find that you are just living out of habit or repeating routine because your mind believes that’s what you have to do. But you do have a choice. And if you follow a path that your parents did, because it’s familiar – again, you can feel as if that wasn’t a choice. But it was. And this entire idea can be applied to your career too.

Because when it comes to your career, you always have a choice. You can choose your path and the industry you’re in. You can choose to better yourself or to grow. And you can also choose to quit your job and do something new or start a business. Yet, not many of us know that this is the case. We feel as if we should live in a certain way or we have to follow the crowd. Yet, you are free to make your own choices and they can then go on to have a huge effect on your career.

Mirroring Your Interests

First of all, you can choose to follow a path that you love. You can choose a career that you are passionate about an interested in. When you make this choice, you are going to find that you are incredibly satisfied not only in work, but in life in general.

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Suiting Your Strengths

The next thing that you need to be aware of here, is what you’re actually good at. So you have a choice here to make sure that the career you’re in is suited to you – not anybody else! This means that you need to get to know your strengths, so that you can be sure that the career choices to make are right.

Affecting Your Output

The next thing that your choices have an impact on, is your output. Because if you are making the right choices and your prioritizing quality and achievement, then you will start to see success. From choosing the right kind of action, to the best mass flow meter, to even the right expert to work with, it can all impact your output. So if you decide right, it can lead to success.

Sparking Your Success

And finally, perhaps the most powerful of all reasons for why you need to really take ownership of your choices, is that they can really be the catalyst for your success. If you control your choices and align them with your goals, you will find success. There’s no doubt about it. But you do then need to remember that you have a choice in the first place. And you need to start to make decisions that will allow you to see success.

The Big R Word: Recovery

The first principle of my blog is Creating Ecosystems of Success, and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. Most businesses initially fail, which can permanently break the will of my individuals. For those with stronger resolve, how does one recover? The following contributed post is entitled, The Big R Word: Recovery.

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Recovery comes from the Anglo-French 12th-century word, recoverie, which literally means return to health. Originally, recovering is the act of experiencing improvement through a path of health troubles. In other words, you have to get bad first before you can finally get better.
In the business world, while you can metaphorically talk about the health of the company, recovery focuses on the processes in place to deal with dramatic and destructive issues that affect the normal workflow. Where the medical environment offers dedicated cure and treatment to start the recovery process, businesses don’t have any magical pill that can erase costly mishaps. As a result, recovering from a business crisis is a painful process that needs to consider matters of liability, compensation, reconstruction strategy.

Recovery truck

When it’s your fault
One of the most dreaded situations for business owners is to handle faults that have been caused as a result of malpractice, inattention, or even lack of safety on their end. Nobody likes to make mistakes, mainly because the consequences can be heavy. A car accident caused by a faulty engine, for instance, can affect the brand, the revenues, and market penetration. It’s important to approach the situation as quickly as possible to provide the best response. Additionally, you want to find partners to help you avoid further issues; such as a fleet management company that can service your trucks, or an IT security agency that keep your data secure. Acknowledging the fault is the first step towards your recovery, then you need to introduce preventive measures.

When it’s somebody else’s fault
With cyber crimes on the rise, and especially hacking and other unauthorized data access, it would be unfair to constantly put the blame on the company for a data breach situation. Despite extensive preventive measures, businesses can still be targeted by experienced hackers. As a result, it’s important to understand that your customers are more likely to be understanding if the company has a strict IT security policy. Nevertheless, the recovery process is going to affect your brand image. You need to tackle data loss and network breaches as quickly and effectively as possible. Furthermore, running regular security audits – even with a security solution in place – can avoid expensive issues.

When it’s nobody’s fault
Business owners can only control so much. A disaster that takes the company by surprise requires a dedicated disaster recovery protocol. Indeed, market analysis and reports can highlight the most common crisis situation in your industry sector and your area, from business fires to flooding. Using the information, you can take preventive measures to protect your company, such as dedicated insurance cover for instance. Your DRP can kick into action as soon as the business starts the recovery process, ensuring that you have access to the expertise and funding you need.

At the core of the recovery process, your company needs to focus on maintaining a transparent and open line of communication with members of the staff and customers. Indeed, the crisis is likely to affect both employees and buyers; consequently, it’s crucial to keep them informed as you bring your business back to health.

Simple Ways To Better Yourself

The first principle of my blog is Creating Ecosystems of Success, and two of its key focuses are Career Discussions and Health/Wellness. Not everyone enters the world with the proper tools for success. If you’re falling short in a given area, and want to reach the next level, it’s important to know which steps to take. The following contributed post is entitled, Simple Ways To Better Yourself.

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Everybody in the world wants to be the best version of themselves – that’s a given. When we’re younger, we all think about how our lives are going to turn out. We think about how our personal lives are going to be and how our work is going to go. Some people out there have been switched on from the get-go and don’t need any extra push to help them reach their goals. There is a group out there, however, who have entered the real world and haven’t exactly hit the heights they imagine – for one reason or another.

If you feel that you’re currently in this category, then don’t worry. Self-improvement is a hefty process, but there aren’t too many distressing factors that go into it. Let’s talk about a few ways people can improve themselves significantly.

Organised

Being a more organized person will improve anyone’s life in pretty much every aspect. Think about it: if you don’t have a plan or a routine, you’re just going along with whatever task you have next – and that could lead to a big piled-up mess. If you add structure to your life and keep yourself disciplined, it’ll keep you balanced.

Face Your Flaws

Being able to recognize that you’re a flawed person is one of the most underrated skills in the human psyche. If you’re unable to realize where your issues lie, then you may take a huge hit on your confidence once someone outdoes you in a specific piece of work or life. Being able to notice that you’re not able to do something is also helpful as you can get the help needed from others. A great leader knows how to take the backseat for a while.

Change Career

You may feel you have plateaued in your current adventure. Perhaps a way of better yourself you would be to unlock skills in your arsenal that have been previously shut away. Maybe you feel like you’re better suited to a completely different type of job? Why not do something you’ve always wanted to do? If you’ve always been interested in the aviation world, then you could join a professional pilot program and see if you flourish in something that you’ll enjoy. Keeping things fresh is a good way to progress in life.

Exercise More And Eat Better

Living life with an inactive body and a terrible diet will only increase your sluggishness approach towards everything in life and make you more stressed. Making sure you keep active will naturally give you more of a boost. Eating the right foods will aid this boost, too. Drinking a lot of water will help your body and mind out also as dehydration is a significant cause of frustration.

Be Positive

Finally, we’ll talk about the idea of viewing things more positively. It’s not the easiest thing to do, but being able to shut out the negative thoughts will improve your life a lot. You will be able to pick out the good bits in everything and lead a happier life – leading to a more optimistic approach to new challenges and opportunities.

Ready To Launch A Convention? Check This First

The first principle of my blog is Creating Ecosystems of Success. Many industries have conventions where the leaders in that sector meet. If you’re organizing the convention, there is a lot of planning that goes into it. The following contributed post is therefore entitled, Ready To Launch A Convention? Check This First.

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When it comes to holding events, there is a lot of work that goes into them. But it isn’t merely about getting the cash together and a location. If you are considering starting a convention, then you might like to check a few of the points below to make sure you are on the right track.

Photo by The Ride Academy on Unsplash

Research

You won’t be surprised to know that there are pretty much conventions for almost everything. From photography to taxidermy. If you have an idea, but there is something similar, then go and visit it. You aren’t there to steal great ideas, but you are there to see what they do, how they do it and where you can improve.

You might be fortunate and have found a niche where there is no convention at all. The downside to that is you are going to have less researchable stuff.

If they are in different states or countries, see if you can find out what % of their revenue is from people overseas and how much they pay.

When it comes to panels, check the background of the people you intend to have thoroughly.

The more information you have at your fingertips, the better you can build from the foundations up.

Community & Marketing

Start networking with people who are already interested in the niche for the convention. You can start facebook groups, head to other forums and start chatting with people. Turn that community into buyers.

You can gather a lot about what they want from the convention, where others have gone wrong, and they will likely be the most prominent supporters too.

When your community does get going, be sure to give them a slight discount, or cheaper meet and greet entry.

When it comes to marketing you need to get your message right you need to do it fast, and you need to do it well. The most beautiful thing about a convention is that usually, it is people who are interested in a specific topic who start them. So they typically cater to the right audience with ease.

If you don’t have a lot of funds to spend on a marketing team and graphic designers, you’re going to be doing the job yourself. Don’t underestimate the time that will take. Use an automated platform to help you maximize your time.

Little Details

Like with anything the little details are the ones that set you apart from the rest. Things like the best coffee, the right atm solutions, plenty of toilet facilities, good Wifi are essential.

Try not to sell out. When money gets involved, it is easy to say yes to a cash injection even if it doesn’t align with your vision. Whenever possible try to stay true to you, the community and the heart of the event.

You probably won’t be able to really enjoy the convention, but you will be able to soak up all the great feedback at the end of it. And, if something does go wrong, you can work on it ready for next year.

Protecting Your Employees

The first principle of my blog is Create Ecosystems of Success, and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. When running any organization or business, it’s critical to protect your employees. Doing so will not only help assure their loyalty, but it will also help improve their productivity. The following contributed post is thus entitled, Protecting Your Employees.

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As an employer, whether of one person or a thousand, you have responsibilities. You are responsible for creating safe and trustworthy products. For taking care of your customers and providing a service. You’re often responsible for dealing with complaints, for coming up with new ideas and motivating your staff, on top of your everyday jobs and tasks. One of your key responsibilities is to your team. Looking after them, keeping them safe, ensuring that they are happy at work, and fairly treated.

Many employers neglect this particular responsibility. They are too worried about the growth of their company. They invest time in products and services and assume that their team will look after themselves, especially if there aren’t many of them. This is a mistake. Protecting your staff and looking after their interests isn’t just good for them; it can also help to boost your business. Well cared for staff are often loyal. They are hard working and creative. If you give your team your time, they’ll be more likely to go the extra mile and give their all. It can be great for business while reducing turnover and cutting recruitment and training costs.

How you protect your staff will, of course, depend on the nature of your business and their specific roles and needs. But, here are some more general tips to help you.

Take Care of Your Equipment

If your business is office based and doesn’t use any special equipment for machinery, this isn’t something that you need to worry about. But, if it does, these items can cause injury or even illness. The risks are increased if the equipment is damaged, dirty or otherwise unable to work at its best. Take the time to have any equipment or machinery regularly serviced and get any issues dealt with as quickly as possible. If you use hot ovens or kilns in your business, invest in a high temperature camera so that you can complete safety checks yourself. Sometimes this can mean not using something until it’s fixed, but it’s worth it if everyone is safe.

Risk Assessments

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Even if you are office based, risk assessments are an essential part of keeping everyone safe and protected. Even an office with a few chairs, computers and shelves has risks. You just need to find them. Print off some risk assessment sheets and walk around your workplace, as well as any secondary work sites or vehicles, and identify risks. Even smaller ones like heavy lifting, trips and slips and reaching high shelves. Assess the risk and think of ways to minimise it. For smaller risks, it might merely be a case of using wet floor signs when cleaning and teaching team members how to lift correctly. Make sure you complete separate assessments for pregnant or injured employees who might face greater risks or need changes to their job.

Train Them

Staff training is the best way to keep your team safe. They should be thoroughly trained to do their jobs well, with detailed instruction on anything that could cause them harm. Many businesses make the mistake of training staff once and then leaving it. Offer regular refresher training, and extra team sessions when something changes.

Building A Business? It’s All About Making Connections

The first principle of my blog is Creating Ecosystems of Success, and two key focuses are Financial Literacy/Money and Business/Entrepreneurship. Some key aspects of building a business are: raising capital, marketing, and recruitment of talent. Another key piece is networking which will allow you find partners in addition to finding customers. The following contributed discusses the importance of building networks and the post is thus entitled, Building A Business? It’s All About Making Connections.

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Image via Unsplash

The more you look into it, the more it becomes apparent that everything we do in life is dependent on a community. Nowhere is that more true than when you’re trying to launch your own business. Be it academic networks or entrepreneurial ones, the connections we are able to make are a major factor in determining our success. We go through life forming new communities. We need to find others who connect with what we are writing or selling. People who will share what we have to say with their own networks via social media or word of mouth. Communities function through the building of relationships and the exchange of ideas, and if you’re trying to get a company off the ground, then having the opportunity and the ability to form those relationships is absolutely vital. Forming a quality connection is about finding the common ground, having a shared vision or set of ideas. Once you have this, you’ll have an audience of brand advocates that can support, challenge and improve what you do.

Developing An Audience-Centric Content Strategy

But how do you find this community and connect with them in the right way? You have to begin by putting yourself out there – taking a few risks, showing what you’re all about and laying out your stall – literally and metaphorically! Find your voice and see who responds to it. It all starts with creating some quality content introducing your brand and it’s products or services. Work with the best web developers or Video Production Companies to refine your messages and positioning and make content which truly reflects who you are and what you’re aiming to do. This is your chance to show the world what your intentions are, so make it the best you can.

Establish A Feedback Loop

Once you’re out there with some content, put in place mechanisms to ensure you’re getting an accurate picture of the reactions people have. Use an audience discovery tool such as Mention to set up alerts around phrases and keywords relevant to your business. Topics you care about will guide you to your audience. They can be geographically related, related to a particular industry or even just a be a quirky subject that you have a particular interest in. Monitoring these topics will allow you to discover potential community members and further expand your networks of people and relevant interests. You can also use social listening to understand what people are saying about your business, what they love that you do, where you could improve and even ideas for future development.

Join In The Discussion

Reaching out on topics of interest or customer support issues can quickly gain you a reputation and a following, but it does take a bit of work to get off the ground initially. The key is to have a great CRM system which allows you to manage all your data centrally and connect with other services such as social media scheduling software, customer support tickets and email. Use this source to gather a fuller picture of who you are talking to using a tool like Riffle and then make those valuable connections that can really take your business to the next level.

Why Organization Is Key To Make Success Of A Side Hustle

The first principle of my blog is Creating Ecosystems of Success, and two of its key focuses are Financial Literacy/Money and Business/Entrepreneurship. While many people have nine to five jobs, having an income generating ‘side hustle’ can prove to be very lucrative and a wise investment of time and resources. A key to effectively having this type of side hustle is organization. Many people in fact have these side hustles. The following contributed post is thus entitled, Why Organization Is Key To Make Success Of A Side Hustle.

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It’s easier than ever to try your hand at something new in the twenty first century. Millennials are savvy human beings with a thirst for interconnectivity and innovation, which is why they are reluctant to simply let their nine to five income wallow in their bank accounts. To make your money work more aggressively, you need to seek out more creative opportunities. Playing to your strengths means focusing on what you love such as craft, wine, real estate or stocks and shares and turning your hands to these ventures as an amateur. While you might not become an investment banker, you can develop a portfolio to help you prepare for your retirement. Organization is key. Take a look at these side hustle investments that you might want to look into.

Real Estate

Property is as safe as houses (excuse the pun) when it comes to making money in the long term. If you are willing to utilize some of your hard earned cash to put down a deposit on a pad, like those listed with William Pitt, you could find yourself with an exceptional asset on your hands. You could look into long term, short term or holiday rentals depending on the property type, target market, and location that you are after. Beachside, country or idyllic locations tend to lend themselves for the more lucrative vacation rental. In the high season, you could be charging over ten times your mortgage repayment weekly to cover costs and top up your nest egg.

Long term rentals may be a safer bet if you are looking for maximum financial security. By handing over the responsibility for the rental to a property management company, you can watch the money come in while not having to worry about a leaking washing machine or a burst pipe. For the long term investor, property is hard to beat.

Wine

If you love partaking in a tipple or two of the finest vintage, you might already have a decent amount of knowledge regarding vintage years and vineyards. Put it to good use and invest in some historic wines that will only grow more scarce and increase in value. You have to think of investing in wine in the same way as you would art. It has to be sought after, rare and have the ability to increase in value. Store it in your own cellar or ask for a wine storage company to look after your magnum or two for a decade or more, and you could have made a tidy profit.

Forex

If you’ve always wondered what trading currencies was all about, why not have a go. You don’t have to be investing hundreds and thousands straight away. Head online and set up a dummy account, and have fun investigating the markets. You might find that you’re a dab hand at buying dollars against the yen, and pounds against the krona. Take your time and learn the ropes, watching some tutorials along the way. When you’re ready, have a go for real but only ever spend what you can afford to lose.

By mixing the low, medium and high risk investments, you’ll create a portfolio that will see your side hustling go from strength to strength.