Showing posts with label Business. Show all posts
Showing posts with label Business. Show all posts

Tuesday, 26 August 2014

How to Find the Right Mentor for you

A helping hand.  PHOTO: effaynyrie.com
You need a mentor and you want one now. The good news is that the first step to getting what you need is to identify it. But the second step, at least for most people, is a bit fuzzy. How exactly do you go about finding the right mentor?

 
First, Develop Your Criteria

What are you seeking to get from a mentoring relationship? Advice on the inner-workings of your company? A new job? Help with specific skills you feel you lack? This information may reside in different people, so it’s important to know what you want to learn before you begin the process of identifying target mentors. Once you’ve firmed up your criteria, read on.

How Do You Gain the Interest of a Prospective Mentor?

Mentoring expert and author of The Mentor’s Guide (2nd Edition), Lois Zachary, , says that it’s all in the messaging. The benefits to the mentor are many, and should be tailored to the specific situation. For example, benefits might include helping her contribute to the growth of the company. Mentoring can help strengthen facilitation or management skills.

Zachary also comments that the idea of paying it forward is very powerful, especially for senior people who are thinking about their legacy.

If your prospective mentor is at the C-level, the organizational benefits involved in mentoring can be a good incentive. For example, mentoring helps with the recruitment and retention of talent. Companies are very motivated to hold on to the talent they have, and create as much loyalty as possible.

Zachary also says that mentoring fast-tracks leadership development, creates a tried and true way to include new employees, and increases diversity—again, all areas of utmost interest to companies.

Once You Have a Mentor, How do You Make it Work?

Zachary says that Gen Y’s are embracing mentoring because it fits with their desire to move faster and more efficiently in their careers. Gen Y’s crave feedback and dislike authoritarian approaches, and they are interested in reverse mentoring older generations in social media and technology skills. In my own research I have found that Gen Y’s would gladly trade salary for mentoring.

Sarah Kathleen Peck, a communications specialist for an international landscape architecture company, says, “My best mentors? They have been in the sidelines, nudging and encouraging and prodding, allowing me room to explore and discover on my own. Sometimes your greatest advocates and champions aren’t the loudest people in your life, but they are highly influential.

People don’t need bosses who tell them what to do and talk incessantly; often the best mentor is a quiet ear that helps you figure out what to do on your own. This is how leaders are grown – by encouraging individuals to take the reigns in exploration, discovery, failure, and success.”

Ryan Paugh, Chief Of Staff, The Young Entrepreneur Council (YEC), says,“My best mentors have always been people who drive me crazy. Penelope Trunk, my co-founder at Brazen Careerist, is a good example. We spent the first year of our company resenting each other’s polar-opposite work styles, but turned out to be great friends in the end. To this day I count on her to challenge my business decisions and help me see things from a different perspective.

It’s funny that today I consciously make career decisions based on how challenging the rest of my leadership team is to work with. Sure, we drive each other crazy, but we learn so much from that and end up being the best mentors for one another.”

Megan Atkinson, an Energy Efficiency Professional, comments, “My greatest mentors have been those that recognize my talents and character while matching them to my priorities. Several mentors from past experiences tried to push me into a mold of yesteryear’s idea of mentoring. Being a tenacious young professional, my most valuable assets have been the mentors that recognize my generation’s need for a long-term vision. Brody was the sometimes brutally honest voice of reason when it came to navigating corporate culture and politics. Tom was inspiration to chase after what I want and fear less. Tina was the gentle yet tenacious helping hand offering her insights on career pathing and sharing ideas. They’ve all made the mentoring experience very collaborative and individualized – two high priorities Gen Yers (and I, personally) seek in any project or venture.”

Vanessa Francis, Associate Director, Community Affairs at Johns Hopkins University, says, “During my career, one mentor that stands out in my mind was a director of a local government agency where I worked for three years. My mentor provided great advice for not only handling my work load but also served as a sounding board and advised me on how to manage agency politics. When I decided to pursue another career, my mentor was extremely supportive by providing career advice and a recommendation to on my behalf to my new supervisor.”

Zachary’s book is brimming with advice and exercises on making the mentoring relationship really work for both mentor and mentee. In the meantime, there is much to say about mentoring and I’m planning a follow-up post. Send me your mentoring stories—both good and bad–so I can share them.


Forbes

10 Qualities of Highly Successful People

What do you need to be successful in all areas of your life?
The answer comes from looking at those who have created success in a variety of fields. These traits may sound simple, but they lead to remarkable results, says inc.
If you really want to bring success into your life, you should cultivate yourself just as you’d cultivate a garden for the best yield.
bright-brain. (PHOTO: AGSANDREW/SHUTTERSTOCK)
The attributes here are shared by successful people everywhere, but they didn’t happen by accident or luck. They originate in habits, built a day at a time.
Remember: If you live your life as most people do, you will get what most people get. If you settle, you will get a settled life. If you give yourself your best, every day, your best will give back to you.
Here are the traits that the highly successful cultivate. How many do you have?
1. Drive
You have the determination to work harder than most and make sure things get done. You pride yourself on seeing things getting completed and you can take charge when necessary. You drive yourself with purpose and align yourself with excellence.
2. Self-reliance
You can shoulder responsibilities and be accountable. You make hard decisions and stand by them. To think for yourself is to know yourself.
3. Willpower
You have the strength to see things through–rather than vacillate or procrastinate. When you want it, you make it happen. The world’s greatest achievers are those who have stayed focused on their goals and been consistent in their efforts.
4. Patience
You are willing to be patient, and you understand that, in everything, there are failures and frustrations. To take them personally would be a detriment.
5. Integrity
This should not have to be said, but it’s seriously one of the most important attributes you can cultivate. Honesty is the best policy for everything you do; integrity creates character and defines who you are.
6. Passion
If you want to succeed, if you want to live, it’s not politeness but rather passion that will get you there. Life is 10 percent what you experience and 90 percent how you respond to it.
7. Connection
You can relate with others, which in turns makes everything reach further and deepen in importance.
8. Optimism
You know there is much to achieve and much good in this world, and you know what’s worth fighting for. Optimism is a strategy for making a better future–unless you believe that the future can be better, you’re unlikely to step up and take responsibility for making it so.
9. Self-confidence
You trust yourself. It’s as simple as that. And when you have that unshakeable trust in yourself, you’re already one step closer to succeeding.
10. Communication
You work to communicate and pay attention to the communicators around you. Most important, you hear what isn’t being said. When communication is present, trust and respect follow.
No one plans on being mediocre; mediocrity happens when you don’t plan. If you want to succeed, learn the traits that will make you successful and plan on living them out every day.
Be humble and great. Courageous and determined. Faithful and fearless. That is who you are, and who you have always been.

Tuesday, 4 March 2014

Effects of the Russia and Ukraine conflict on Africa

Ukraine. Photo: BBC
Global Markets
Russia’s intervention in the Crimea has rocked global markets. Yesterday the MSCI World Index was down 1.9%; the US down 0.8%, Asia down 0.9% and Europe down 2.8%. Where to from here?
What we have seen so far is a classic stock market reaction to uncertainty: a sell-off, and a tendency to move to more predictable assets.

Gold is king!
The events in Ukraine have “motivated investors to seek protection in safe havens,” notes Matthew Sherwood, head of investment market research at asset management group Perpetual. In particular, this has manifested itself in a sale of emerging markets, most obviously Russia or anything related to it, and a muted reaction in the relative safe haven of the US; this is the sort of environment in which gold normally performs well.

European has suffered the most
More specifically, companies with any link to Ukraine or Russia have been battered. One of the sharpest examples was mining group Ervaz, which strictly speaking is a British company, but with the bulk of its operations in Russia; that fell 7.3% yesterday. Global stocks with exposure to the region suffered too, such as South Africa/UK group Anglo American , down 3.4%, and Australia’s Rio Tinto RIO +1.06%, down 2.4%. Then there were the banks with big exposure: hardest hit was the Austrian bank Raiffeisen, which is the fourth largest bank in Ukraine and has almost three million customers there; that was down 9.6% yesterday. Other European banks that have credit lines into Ukraine suffered, such as France’s BNP Paribas and Italy’s UniCredit.

What next?
Where markets go from here will depend on what happens next. A peaceful, mediated resolution of the dispute is obviously the best hope and would be accompanied by a stock market rebound. If, for example, an agreement was to be struck allowing for a referendum of the sovereignty of the Crimea, that would be unlikely to have a negative impact on many stocks except perhaps for a handful of Ukrainians who might face logistical disruption.

Shaky stock market
Also, any violent conflict would obviously be very negative for stock markets in the region and worldwide, with yesterday giving a clear sense of the sort of stocks that would be hit.
What appears most likely today is instead an imposition of sanctions and isolation upon Russia, and this is where things start to get very complicated.

Effects of sanctions
If, for example, economic sanctions are imposed on Russia, this would have a number of very far-reaching effects. Russia’s prime trading partner is Germany; Germany’s is Russia. Gazprom sells to Germany, Mercedes-Benz to Russia. Numerous major western corporations, from energy to retail, have undertaken significant investment in Russia. So sanctions on Russia would not just hit the biggest Russian stocks, but others all over the eurozone and across a range of sectors including Africa where Mercedes-Benz is popular.

If, instead, western powers opted for more targeted sanctions – this has tended to be the direction of sanction policy in recent years – the effect on European stocks should be more muted.

The next question is what Russia would do if confronted by sanctions. Putin is hardly a man to back down easily, and it is not beyond the realm of possibility that he could halt oil and gas exports to western countries that confront him and connect more with Asian and African countries. Ukraine is particularly relevant here. “The primary reason that Russia wants to keep the Ukraine in friendly hands is that one third of its Europe-bound gas exports travel through the country,” Sherwood notes. If supply was to be disrupted in this way, then most obviously energy prices would rise – it’s already happening – and that in turn would hurt consumers. “The major risk here is the negative impact that higher oil prices will have on discretionary spending, especially in the emerging markets, which have already been battered by capital outflows to the US and Japan,” Sherwood says. So, while any escalation in the dispute is very obviously bad news for Europe, it’s terrible news for emerging markets too, which will endure more risk-off flows at the same time as energy prices bite.

Analysts and fund managers are watching closely. Baring Asset Management, for example, is looking to Ukraine’s presidential elections on May 25 and expects the situation to remain in flux at least until then. “Heightened political uncertainty causes volatility in markets with potential falls in all assets: equity, fixed income and FX, as risk premia increases,” Baring says.
Others are taking a more positive view. “I believe that this tumble will be judged by history as a bump in the road as markets will recover quickly,” says Nigel Green, founder and CEO of deVere Group, which has $10 billion under management for 80,000 clients. “I’m not worried that we are about to slump into another global recession as a consequence of the deepening crisis in Ukraine.”
“Global financial markets will then return to focusing on key fundamentals, such as the improving trend of US economic data, than to what is happening in Ukraine.”

Tuesday, 29 October 2013

Interview with Joyce Dominic: CEO of Joyce Beauty World and Herbal Extracts


ISM: Hello and welcome to iShine Magazine. Please, tell us your name and what you do?
JD: My name is Joyce Dominic, I am the CEO of Joyce Beauty World and Joyce Herbal. My company Specializes in skincare and herbal cosmetic products. Our products are 100%

Wednesday, 6 February 2013

Richard Branson’s TOP TIPS for increasing productivity

Richard Branson
Sir Richard Branson is one of the most respected entrepreneurs on the planet and has started over 400 companies. He did all of this despite the fact that he has dyslexia. What are the secrets to his productivity?
 

Tuesday, 29 January 2013

Business News - Foursquare for Business App Launched

Foursquare Labs today released its second app specially made for business called Foursquare for Business.

If you’re a business owner to take advantage of this offer you should register for as a business on Foursquare. Here is what you can do:

Sunday, 27 January 2013

Business News - Advice for US Entrepreneurs Who Move to Europe


Spain - Madrid



Many people have tried to start-up in UK, France, Italy and in Spain but have failed or given up. Some who survived are merely struggling along. It is not a secret that it is difficult to start up in Europe compared with US, Asia or Africa. Apart from tough regulations, there is the European mentality that everyone should be an employee and work for a 'big' company or for the government and the impression that the laws have been set up to keep people under control. If you are 'too ambitious', earn 'too much' or aim for lots of wealth, it is seen as vulgar or evil, friends and family see your entrepreneurial spirit as strange and doomed to fail, schools train you up to be average and can only succeed if you come from a 'connected'

Wednesday, 15 August 2012

Virgin losses rail franchise bid to FirstGroup

 
 
UNITED KINGDOM - The Virgin Rail, a joint venture between Virgin Group and Stagecoach has lost its bid to run the West Coast mainline rail franchise to Aberdeen based firm, FirstGroup.  The £5.5bn contract came as a blow to Sir Richard Branson head of the Virgin Group who had run the franchise since 1997.
The FirstGroup will now operate the franchise for the next 14 years starting from December 2012. 
 



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