5 Questions Frequently Asked by New Business Owners

New business owners assume risk. Nobody wants their startup to crash and burn before it takes off. You’re probably well aware of the fact that over 75 percent of new businesses fail within the first five years. Here are some common questions and answers that can get you pointed in the right direction:

How do I come up with a great name?

Choose your five favorite names. You can then search those names on the internet to see if they’re being used by somebody else. Make sure that you can use that name on a website, too. If you’re going to use a trademark, you can search that through the U.S. Patent and Trademark Office. Avoid the likelihood of confusion with another name, website or trademark. That’s a good way to get sued and get put out of business quickly. You don’t have to register your trademark to obtain state and federal protection. For starters, just put the TM symbol next to your mark. Register it when a little more money is available.

Do I need a formal business plan?

Yes, you’ll want a written business plan. It’s your blueprint and your guide to your goals. Since nobody knows your goods, services or objectives better than you, you’re the person who should write that plan. You’re also the person who might look to banks or investors for financing. They’ll want to see the plan, and you’ll want to be intimately familiar with it.

Do I need to incorporate?

It’s not really expensive to set up a corporation, and it’s highly recommended that you do so. If you’re merely a sole proprietorship, you’re going to be paying a self-employment tax on top of any other taxes. You’ll probably want an S corporation that’s formed in your own state. By incorporating, you’re drastically reducing or even eliminating the need to pay that tax. Incorporating can also protect you from personal liability if the company gets sued or even goes belly up. Your assets are protected.

Do I need an accountant?

You’ll probably want an accountant. You’ll learn quickly that you can get deluged in records. Your accountant can maintain some of those records for you. Some of the records you’ll want to maintain are:

  • Employee records
  • Financial statements
  • Corporate and stock records
  • Tax records and returns
  • Accounts payable and receivable
  • Contracts

Do I need an attorney?

You should probably have somebody lined up. You’ll be dealing with legal documents like:

  • Contracts
  • Leases
  • Licensing
  • Zoning
  • Suing or getting sued

These issues are beyond the expertise of the ordinary business person. You’ll want to be focused on what you do best. That’s your product or service. Many attorneys and law firms provide very reasonable retainer options for businesses in their start-up stage. Make sure he or she is a business lawyer, and not somebody that does divorce or criminal work.

Even if you think things out as much as possible, you’ll get blindsided from time to time. You’re just developing business experience, and you’re growing with your business.

How to Control Bad Moods so Your Co-Workers Aren’t Affected

How to Control Bad Moods so C-Workers Are Not Affected

Co-Worker in Bad Mood

When you stay within the confines of a negative mind, you’re being unkind to yourself. It also impacts your co-workers. Research confirms that a dark mindset has a ripple effect. A 2013 Harvard University study proved this point. It showed that contact with a contented person boosts one’s happiness by 11 percent. The likelihood of catching a sour mood increases by 100 percent.

Pessimistic thoughts are like lead weights. They pull you down and mire you in muddy feelings. The key to breaking free is shining the light of awareness upon your mind. When you identify the source of discontent, you can take steps to resolve it. Below are common causes of bad moods and how to give them the boot.

THE THREE MENTAL THIEVES

Negative thoughts generally fall into three categories – fury, fear, and failure. Be on the lookout for these three thieves. They steal your positive energy and leave you feeling low.

The first step to releasing negative thinking is to name the associated emotion. Research by the University of California shows that naming the feeling dilutes its effect. This action frees up brain regions that work on finding solutions.

CAUSES OF SOUR MOODS

1. Workplace Annoyances

Do your office mates have habits that grate on your nerves? We each have unique personality quirks. We have different dispositions. Tolerance is needed to keep the peace. Here are three easy ways to develop an easygoing nature:

  • Instead of focusing on aggravating qualities, be mindful of a co-worker’s pleasant traits.
  • Put yourself in your co-worker’s shoes. This increases compassion.
  • Treat others with the same respect you’d like to receive.

Idiosyncrasies are one aspect of work that requires patience. Other examples are waiting to use the copier, being put “on hold,” and computer glitches.

To prevent the inevitable from getting under your skin with your co-workers, try to smile and laugh. Have the following mood changers at the ready:

  • happy photos
  • fun screen savers
  • comic strips
  • amusing video clips
  • flowers

Diversions provide a breath of fresh air.

For a hilarious video clip to brighten your day, click here.

https://www.youtube.com/watch?v=az0-1NhYlwk

Also, use flower power to cultivate a cheery demeanor. A 2005 study by Rutgers University showed that flowers are natural mood moderators. They immediately summon happiness. Posies inspire gratitude and confer delight. They elicit positive emotions on sight. Flowers make the work environment welcoming. They create a bright and rosy atmosphere.

2. Fretting over the past

Ruminating over past events sabotages the present. Three steps can bring you back to the here and now:

  • Get Grounded – This exercise is termed “Feeling With Your Feet.” Sitting or standing, place your feet firmly on the floor. Stomp each foot once. Then feel the sensation of your soles pressing into the ground.
  • Breathe Deeply – “Equal Breathing” helps you press the “pause” button in your brain. Inhale for a count of four. Exhale for a count of four. Breathe through the nose. Repeat the sequence until your mind quiets and you feel calm.
  • Take a Brisk Walk – Walking at a quick clip for 10 minutes releases tension and energizes your body.

3. Guilt

Guilt locks up good feelings. Regret keeps you from enjoying this moment. It’s similar to fretting over the past. The difference is that fretting involves fear and guilt includes depression. Resolve guilt with these practical steps:

  • Trace the guilt to the triggering event. As an example, let’s say you made a curt comment to your co-worker.
  • Assess if there’s something you can do to remedy the situation. Continuing the above scenario, apologize as soon as possible.
  • If damage control isn’t feasible, accept your shortcoming and move on. Vow to yourself that you won’t repeat the behavior.
  • Determine how to avoid the circumstance in the future.
  • Forgive yourself. Remember that no one is perfect.
  • Let time soothe your emotional wound. Guilt fades with time.

4. Rejection

There’s no doubt that getting a verbal “kick in the teeth” or “slap in the face” leaves a sting. Even a silent cold shoulder hurts. Unfortunately, these are inevitable in the workplace. If you develop a thicker skin, rejection can slide right off you. Console yourself with the following thoughts:

“I’m not going to take this personally. The person who snubbed me has emotional issues. I won’t let their problems become mine.”

“I’m worthy of respect. I have these strengths.” [Name your abilities and talents.] “I’m good at doing this.” [Remind yourself of your gifts.]

“Maybe I can improve the relationship.” Think of compliments and kudos you can offer. Turn the other cheek, if you can. You might change the tone of the relationship with a kind gesture. Try buying your co-worker’s morning bagel or lunch.

5. Looming Tasks

Feeling pressured by deadlines and demands can make you snippy. Looming duties can make you gloomy. Sidestep work stress by being more efficient. Here are some suggestions:

  • Focus on one thing a time. Multitasking scatters energy and hinders productivity.
  • If there’s more on your plate than you can manage, delegate. See if you can assign some tasks to others. If you’re a one-person show, speak to your supervisor about obtaining help.
  • Think before communicating. Unclear communication wastes time. Before you craft a memo or email, organize your thoughts. Prior to getting on the phone, clarify your objective. This way, you can quickly get to the point.
  • Create routines. It will help you work methodically. Slow and steady wins the race.
  • Give everything its proper place. Hunting down lost items is frustrating and distracting. A foul mood is sure to follow. Have a home for each object.
  • Time activities. Estimate how long it will take to do a task. Log your appraisal. Then try to stay within that time frame. This will help keep you on schedule.

6. Feeling Less Than Your Best

We all have days when we don’t feel good about ourselves. We may be unhappy about cheating on our diet. Perhaps we snapped at our spouse. Fluctuating self-esteem is an emotional roller coaster. To get off the ride, pat yourself on the back. Reward yourself for a job well done. Credit your co-worker, too. A 2012 Japanese study showed that receiving a compliment has the same positive effect as a cash award. The striatum of the brain is activated when both praise and money are received. This region is part of the reward pathway, a network of brain processes that spur positive responses.

For sample workplace compliments that foster teamwork and morale, go to:

http://www.inc.com/jt-odonnell/10-compliments-you-should-give-daily.html.

7. Eating Unhealthy Food

Junk food can quickly sour your mood. Although sugar, fat, and caffeine may be initially elevating, they set you up for a subsequent crash. Healthy eats help you breeze through the day. Following are seven wholesome foods to boost your mental outlook:

  • Green Tea – The amino acid L-theanine has a calming effect. It also partners with caffeine to improve focus and attention.
  • Dark Chocolate – Antioxidants in cocoa lower the stress hormone cortisol. Choose chocolate with a cocoa level of 70 percent or more.
  • Fruits and Vegetables – Antioxidants in produce pare down depression. Folate in beans and leafy greens makes chemical messengers that elevate mood.
  • Salmon – Omega-3 fatty acids ramp up circulation, energy, and brain function.
  • Nuts and Seeds – Magnesium and fiber stabilize blood sugar. Excellent sources are almonds, cashews, peanuts, walnuts, and pumpkin seeds.

8. Seasonal Affective Disorder (SAD)

SAD is a type of depression that occurs annually during the fall and winter. Some people are prone to SAD at this time due to dwindling amounts of sunlight. If this strikes a chord with you, invest in a light box. This is a lamp that simulates outdoor light. Scientists believe it triggers a chemical change in the brain to upgrade mood. Sit before the lamp for 30 minutes each morning. Enjoy breakfast or seated activity while the full-spectrum light illumines your mind.

For guidance on how to select a light box, go to:

http://www.mayoclinic.org/diseases-conditions/seasonal-affective-disorder/in-depth/seasonal-affective-disorder-treatment/art-20048298.

9. Feeling Disconnected

We can get so caught up in our work that we neglect to connect with others. It’s important to stay in tune with emotional and social needs. If you start feeling like a robot or machine, take a minute for casual conversation. Share a happy remark with a co-worker. Have a brief chat while convening at the water cooler. Exchange pleasantries while waiting to use the copier. Break up your day with ways to stay connected.

10. Fear of failure

To overcome anxiety about reaching a goal, focus on what you can control. Break down the project into simple steps. Identify any obstacles you could encounter. Then visualize yourself surmounting the challenges. Now your mind will steer you in the right direction.

If a fast-approaching event is giving you palpitations or sweaty palms, calm your fear with these thoughts:

“These jitters are not a forecast of failure. They show I care about what I’m doing. I’m going to excel. I can do this.”

Also, realize that failing is a stepping stone on the path to success. Consider the initial setbacks of celebrities who went on to achieve their dreams:

Actor Sidney Poitier was refused acceptance by the American Negro Theater due to his Bahamian accent and difficulty reading. He refined his language skills while working as a dishwasher. Six months after being rejected, he was welcomed by the Theater. Subsequently, he became the first Black man to win an Oscar.

Oprah Winfrey was fired from a Baltimore radio show for getting too emotionally involved in the stories she covered. One of the reasons for her current popularity is her ability to empathize and connect with people. The success of The Oprah Winfrey Show testifies to this.

For further inspiration to combat fear of failure, scan the list of “50 Famously Successful People Who Failed At First.”

Are Women Changing the Face of the Business World?

Are Women Changing The Face Of The Business World?

Women In Business

Women are unique; they are inclined to find solutions that make everyone happy rather than just one person. They have incorporated this attribute in their business dealings, as well. Most women would not like to take advantage of other parties in their business deals, and they also would not like to be taken advantage of themselves. There is a social construct inbuilt in them to help everyone feel comfortable and socially happy. With the social construct, businesses will thereby begin building trust with others, with deals no longer being about one side of the negotiations. The deals will be flexible, and the right parties will ultimately carry the day. This attribute has led to collaborations and more cooperation in the business deals. It has created environments that make women thrive, thereby encouraging more of them to join the business world.

Women Tend to Take Smaller Risks in Business

Looking at the financial risk, women tend to be more risk-averse than men. It is ideal for them because they can start and run a business with just a few dollars in their possession. More men are seen to risk their life-savings and in case of failure, they meet huge losses. In the process, they squander their lifetime savings and waste lots of time. On the same note, women only lose the time they have invested and little money. According to a recent Labor Force Survey report, more than 80 percent of new businesses were started by women between 2008 and 2011. Women allow an emotional scope of action that can be overwhelming. Lately, they have been seen to be business leaders that have set a desirable trend to the acquisition of new opportunities. They are changing the 20th-century business structures that were dehumanizing and mechanistic. Women have been at the forefront of building societies and economies that are setting the world of business with socially responsible organizations. Women are taking the opportunity to lead this change that has been beneficial to society.

Bringing a Fresh, Unique Perspective

Women bring into businesses a different, but unique perspective, skills, and experiences. Across many cultures, they tend to have a strong communal nature in comparison to their male counterparts. They are selfless and infuse core behavior-rewarding values in their business deals. Their decisions are based on what’s best for the common good rather than personal gain. They build communities where best friends are made, thereby creating tight-knit groups. The businesses that women lead are thriving because they prioritize relationships between employees over income. According to the recent Labor Force Survey report, there are more women than men doing business between the 30-49 age groups. Recently, the number of women who have risen to top level management in the blue-chip companies has increased. This is attributed to the refined negotiation skills and the growing desire for women to lead. The continuous availability of role models is encouraging to the young and ambitious women. Therefore, they see a clear path to business development and growing their startups to success. According to the FSB, in the last two years, 49.5 percent of all leisure, catering and hotel and retail startups were owned by women. With this level of success, women are making their way and changing the face of the business world, one small step at a time.

Strategies for Staying Focused While Starting a New Business

It is estimated that 40 percent of people in America want to start their own business. While having your own business can be rewarding, it does have many challenges. Many aspiring entrepreneurs struggle to stay focused while they are starting their own business. Fortunately, there are many things you can do to stay focused. Below is a list of some of the ways you can stay focused while starting your own business:

Use Your Time Wisely

Strategies for Staying FocusedStudies have shown that many people are only truly focused for about six hours out of the week. That is why it is important to make the most of the time you have. Complete your most important tasks during the times when you have the easiest time focusing. For example, if you have the easiest time focusing during the morning, then this is the time when you should complete your most important tasks.

Eliminate Distractions

There are many distractions in today’s world. Things like cell phones, tablets and social networking websites can make it extremely difficult to focus. One of the best things you can do to stay focused is to eliminate distractions.

Set aside time to work on your business every day. During this time, you should turn off your cell phone and tablets. You should also avoid going on social networking websites while you are working on your business.

Many aspiring business owners complain about not having enough time in the day to work on their business. You will be surprised to find out how much things you can get done in a short amount of time if you are focused.

Ask For Help

Many business owners feel like they have to do it all. While it is great to be a jack of all trades, you will likely need some help getting your business off of the ground. Additionally, trying to do everything on your own will likely lead to burn out. That is why it is important to ask for help.

Keep Your To-Do List Small

There are a lot of things that you have to do in order to make your business a success. However, it will be easier for you to focus on a few things than many things. That is why you should try to keep your to-do list small. Once you have accomplished a few things, you can move on to other tasks.

Becoming overwhelmed is one of the things that can stop a person from achieving business success. That is why it is important to have a plan for staying focused, so you can avoid being overly busy without accomplishing much.   Follow the tips above and you can succeed in getting your new business off the ground!

Five Definitive Steps For Motivating Employees

5 Definitive Steps For Motivating EmployeesMotivating employees is a difficult task for anyone, even for the best administrators and supervisors. Fortunately, scientific research and statistics can help employers determine the most effective methods to engage their employees.  Read on to learn some methods you can try in your own place of business.

Clear Communication 

One way to motivate employees is to practice effective communication. By communicating clearly to employees what is happening with the company and making their role in the organization clear, they see themselves as a more tangible part in the organization. In addition, employees are able to make better decisions at work when they know more about the organization’s goals.

When a target group of employees was asked what they desire most out of their employers, 25% preferred a clear set of objectives. A further 7% said they would prefer better communication with management. A 2012 Global Workforce Study that involved 90,000 employees from 18 countries indicates that workers feel rewarded when they get to communicate directly to senior management.

Incentive Programs

Employee incentive programs are effective. According to one Gallup poll, companies using incentive programs have a 79% success rate in achieving their goals. Those same companies reported a 44% performance increase with properly structured incentive programs.

Incentive programs also play a role in retaining employees. According to Blackhawk Engagement Solutions, one study found that the presence of an incentive program motivated 66% of employees to stay with their employer. Incentive programs can include monetary and non-monetary rewards.

Monetary

  • Tickets to a concert, sporting event, or the theater
  • Free dinner at a fine restaurant
  • Actual money bonus
  • Gift cards

Non-monetary

  • Casual dress privileges
  • Fun work assignments or the privilege to work from home

Recognition and Appreciation

According to Market Tools Inc., of the 630 associates they polled, 39% do not feel appreciated at their job. In the same poll, 76% were not satisfied with the level of recognition they receive, and 77% said that they would be willing to work harder if they felt they were appreciated.

It costs nothing for an employer or supervisor to recognize an employee’s contribution, and according to a research study conducted by Idea Connect, organizations with long-term recognition programs increased performance by 44%.

Provide Employment Opportunities That Develop Skills

As much as they want recognition and rewards, employees want opportunities to grow and develop their careers. When employees become stagnant at their jobs, the will to improve also stagnates.

According to financial expert Brandon Gaille, 47% of all employees prefer opportunities for career development to other motivational incentives. Further evidence of this is a 2012 survey by the staffing agency Adecco that found that 68% of recent graduates consider opportunities for growth and development a major professional priority.

Lead by Example

A trusted method of motivating employees is to lead by example. When employees see their supervisors working hard for the purpose of improving the organization, they will feel a certain obligation to do so themselves. In addition, it will give them an example to follow, and it will show them what it takes to succeed in the organization.

How Your Negativity or Pessimism Rubs Off on Your Employees

How Your Negativity and Pessimism Affects Your EmployeesSometimes with the challenges of everyday life, it is virtually impossible to keep a positive attitude. Some people carry around negativity as a permanent fixture of their personality. Be aware, however, that this negativity and pessimism can easily rub off on your employees.

Pessimism Is Contagious

Whether you are a leader of a whole enterprise or a team, what you say and the way you say it carries a lot of weight. Everything you do is a sort of model that will be mirrored by your employees. Since you are the leader, if you focus on the negative, your team will focus on the negative too. As leader, you set the agenda. This applies also to whether a positive or negative outlook is taken.

Your Pessimism Conditions Your Employees To Expect Negative Outcomes

Pessimism is negatively oriented; it focuses on things that are wrong or could go wrong. This is important, and a vital aspect of analytical thinking. However, just as important as eliminating negative aspects of your work is adding positive elements. As mentioned before, when you are only looking at the negative, your employees will too. This leads to an emphasis on “fire fighting” negative aspects and a lack of creativity to come up with new ideas that can add positive aspects. This will condition them to focus on and expect negative outcomes. This kills ingenuity and initiative, which is bad for business.

Pessimism Builds A Toxic Environment

If you dwell on the negative outcomes, and make no effort to see or recognize the positive outcomes, your subordinates will invariably notice this. Your employees will accept the fact that they will get no recognition for doing things right, so they might as well invest that energy in making sure that they don’t do anything wrong. This creates a toxic work environment where people are more concerned about screwing up than taking initiative and doing things right. The guy who takes it upon himself to innovate will be afraid to do so if he knows the chances are good that he will be chewed out for it. Add to that the fact that there will be no prize for taking such initiative, and it’s safe to say that no one will be going the extra mile. As you can see, negativity and pessimism can easily rub off on your employees and create undesirable work situations and environments. In short, pessimism contributes to an “if it ain’t broke, don’t fix it” attitude. Your employees will hone in on things that are broken, so that they can fix them. If something is not broken, but could be improved, they will be blind to that. A more balanced view of things would allow the team to see and correct the negative aspects, while still maintaining an overall positive perspective on their work and allow them to see things that can be improved that are not necessarily getting rid of something that is bad.

Make Your Business Thrive By Doing These Few Things

Make Your Business Thrive By Doing These Few Things

Make Your Business Thrive

Thriving businesses do not happen overnight, so you must ensure that you are taking steps to improve your business every day. You cannot go through your career without making changes that will help your business, and you must adapt to happenings in the business world every day. You never know when something will change the way you operate your business, and you must be prepared to shift your philosophy quickly. This article explores a few ways you may make your business thrive through the years.

#1: Are You Paying Your Employees Well?

You should not overpay your employees for the work they do, but salaries at your company must be competitive. A competitive salary will keep employees with you for long periods of time, and good benefits packages will ensure your employees that they are taken care of. Doing anything less for your employees is a good way to make everyone look for a new job. Sustaining a low rate of turnover will help your business remain productive through the years without fail.

#2: Does Your Business Adapt To New Technology?

You must be willing to adapt to new technology that is introduced every year. Medical offices that do not use modern patient record technology are often ridiculed in their industry, and companies that do not accept credit card payments lose business every day. Every new piece of technology that is introduced must be under consideration at your company. You are not under any obligation to use every new technology that comes out, but you are obligated to consider which technologies you should use.

#3: Does Your Business Involve The Stakeholders?

You must involve every stakeholder in business decisions. You are well within your rights to control all final decisions, but you must listen to everyone around you. The people you hire must be allowed to do their jobs, and customer input must be important to you. Shareholders must be heard every year, and every decision your business makes should include a combination of all the input you receive. Making decisions on an island will alienate you from everyone around you, and you will lose the trust of everyone including your customers.

#4: Improve Yourself

You must be willing to improve yourself while running a business. Get a better education while you are working, take some extra courses or work with mentors who know what they are doing. Each piece of information you find along the way will make you a better leader, and you must take that information to heart. Good leaders are constantly learning, and your colleagues will appreciate your efforts. You cannot be so impressed with yourself that you are not willing to learn.

Maintain Trust Throughout

Making your business thrive in the 21st Century is a difficult task, and you must be flexible in your approach. Learn new skills, listen to the people around you and treat your employees well. You must create an environment where people want to work with you, and you will maintain the trust of everyone that your business relies on.

Challenges and Solutions for Business Startups

Challenges and SolutionsNew business startups are appearing every day, and their founders want to create businesses that will last for quite some time. Your startup may experience a wide range of challenges, and in this article we can explore solutions to your problems. You may run into any of these problems at any time, and you must have a way of getting past these issues. Your business may stall, but your business will not fail when you are prepared for these eventualities:

Lacking Sufficient Staff

Your business may progress so quickly that you cannot keep enough people on staff to meet demand. The demands placed on you by your business will stretch everyone to their limits, and you must find time to hire new staff members. Hiring a staffing agency will cut back on your responsibilities significantly, and you will receive new employees who can start right away

Limited or Lack of Cash Flow

Nearly every business in the world deals with a lack of cash flow at one time or another. You must find funding options that charge little to no interest. You may take out loans to start new projects, to make payroll or to give bonuses to your employees. Every loan has its own purpose, and you may take over several loans that allow your business to operate without interruption.

Lack of Office Space

Your business will expand in the early years at such a rate that you cannot keep up, but your office may become too large to operate in your current space. You must be willing to move to a new location that is much larger, and your business will run more efficiently in a brand new office space.

Search for buildings that offer better rental agreements, more space and less headaches. You must take as much off your plate as you can when moving to a new location, and your new office will make your business look much nicer. Find a place that impresses your customers, makes your employees comfortable and maximizes your investment.

Under-qualified Employees Can Hold You Back

You may hire many employees at once in an attempt to fill up your staff, but your business will not progress as it should with underqualified employees. The people who you hired in haste have a place with your business, but their place is not in the highest offices of the company. Hire only the best employees for each position, and seek out great talent. Pay a bit more money for better talent, and entice employees with better benefits and bonuses.

You are creating a business in your own image, but you cannot be expected to create a new startup without any troubles. The problems I discussed in this article have simple solutions, and you must implement each solution as quickly as possible. You cannot afford to waste time when managing your startup, and your employees will find better jobs if your business struggles. Hiring, financing and office space will change the face of your business for the better.

How To Build A Sense Of Camaraderie Among Your Employees

How To Build A Sense Of Camaraderie Among Your Employees

Camaraderie Among Employees

A comprehensive survey of workers undertaken by ComPsych revealed a great deal of workplace stress and dissatisfaction in this day and age in the United States. According to the study, a full 67 percent of workers indicate that they experience high stress in the workplace. These individuals oftentimes feel overwhelmed at work, feel that they are not in control of their jobs and work duties.

An interesting side note to the study involved the most significant way stressed and overwhelmed employees address these issues in the workplace. 53 percent of the workers in the study indicate that they take stress breaks during the workday to communicate with fellow employees. The study underscores the importance of developing a sense of camaraderie among employees in the workplace. There are a number of strategies that can be employed to develop a sense of camaraderie in the 21st century workplace.

Resolve Conflicts Quickly

A key strategy to employ to build a sense of camaraderie among employees is to resolve conflicts in a timely manner. This includes not only conflicts between employees, but conflicts between managers and subordinates on the team.

Brewing and unaddressed conflicts initially hamper relationships between the specific individuals involved in the situation. However, when left to fester and not addressed, conflicts spread throughout a team or employee cohort.

Enhance a Sense of Ownership

Another strategy to utilize to instill a sense of camaraderie among workers is to ensure that they have a sense of ownership. Each team member needs to feel invested in the goals and objectives of the company. As part of developing this sense of ownership, the unique talents of each individual employee needs to be recognized and appropriately utilized.

This type of investment and sense of ownership tends to develop stronger linkage between employees on a team. The drive to accomplish goals because of a sense of ownership ultimately depends upon workers becoming a true team with a sense of camaraderie among the members.

Team-Building Experiences

Setting aside time on a regular basis to engage in team-building exercises is another wise course to aid in the development of worker camaraderie. The Internet is awash in employee team-building experiences that readily can be assessed. In addition, in the brick and mortar world, professional consultants exist that are eager to work with businesses in the implementation of team-building exercises.

Team-building experiences can take less formal approaches and be very effective. For example, camaraderie can be established and built in a workplace when employees have opportunities to more formally interact. This can be accomplished by something as simple as the provision of an employee dining and break area in the workplace where team members can congregate and socialize.

In Business, You Must Know Goals From Dreams

In Business, You Must Know Goals From Dreams

Many people wish to someday become entrepreneurs. However, you need to have perspective. For one, there is a big difference between dreams and goals in terms of becoming a business owner. Knowing the difference can do a lot towards helping you make the correct life decisions. Below are a few differences between goals and dreams.

Goals Require More Concrete Planning than Dreams

One of the biggest differences is that goals require concrete planning. For example, you may some day dream about being successful enough in business to own a large house. While that would probably be nice, how to get there isn’t very clear. Compare this to the goal of getting a specific product onto store shelves. You have to develop and test the product, manufacture it, obtain distribution for that product and then market it to customers. This requires things happening for a fact that must be planned out beforehand.

Dreams Don’t Have Deadlines Unlike Goals

Dreams always come in the context of, “someday I hope this will happen.” A goal, on the other hand, must be achieved in a specific time frame to be successful. Launching your new start-up this June is a goal. This goal can either be met or not. Alternatively, having a dream of being a business owner can be achieved at any point in your lifetime. Overall, goals should always be far more urgent. You should know when exactly you need to meet them.

Goals Must Be Based In Reality, Dreams Don’t Have to Be

Dreams have endless possibilities. The only limitation is your imagination. While you may dream about your products suddenly being consumed by every household in the world, a goal needs to be grounded in reality. While you may aim for the moon, it is doubtful you will instantly become rich beyond your wildest dreams.

Instead, you should set concrete goals for your business that are achievable in the given market. Keep your expectations reasonable. Failure is also a strong possibility that doesn’t exist in dreams. About 50 percent of businesses fail within the first four years.

Goals Require More Focus than Dreams

Focus is not a requirement for dreams. Your dreams don’t necessarily have to be coherent. You could imagine being a wildly successful entrepreneur while also having nothing but free time to explore your hobbies. However, to achieve goals in the real world, you will need focus. Leading a new business to success takes more than good ideas. It will require complete devotion and near 24 hour attention to all aspects of your company. Free time is a luxury that many business owners don’t have.

Dreams Are Free, Goals Are Not

Anyone can have any dream they want to. There are no limitations. Dreams are free and available to everyone. Goals, on the other hand, require specific costs. This includes money, time, effort, hard work, blood, sweat and tears. They certainly aren’t free.

If you ever try to achieve the goal of being a business owner, you will certainly be making sacrifices. According to Inc.com, business owners work twice as much as their employees. If the costs of being a business owner in terms of time, effort and money don’t seem worth it to you, you may be better off sticking with dreams.