Family Values Have Shaped Me

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Our family is the first group of people who teach us what we need to know. Our parents teach us to walk and our siblings teach us to have fun. We are who we are because of how our family has molded us as we grow older and we learn from their experiences as life goes on. Generally, it is through them that we learn about the good and the bad, the need, and the want.

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Identify Your Business Niche Before The Pandemic Ends

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A lot of people lose their minds over the fact that businesses have been laying off employees left and right due to the pandemic. Although it seems brutal and unfair, their actions are expected because they cannot operate full-time anymore. That is especially true if the business does not provide products and services to help everyone survive in this global health crisis.

Despite that, the reality is that not all of us are 100% helpless. You may have saved a significant amount of money while you were still working, for instance, or someone is willing to help you start a business of your own. If that is the case, you should learn how to identify your niche before the pandemic ends.

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What Is A Niche?

A niche is the foundation of a business. If you get this part right and understand it, you will be able to make money and grow much faster.

One mistake that most people commit is that they try to buy and sell everything. When you do that, you cannot get the quality stuff that you need when investing your money. So, if you have a couple of hundred dollars, you should not go out there and buy a chair, table, and television at the same time. You can make more money if you just use your 200 bucks to buy one high-quality chair or table or TV and flip it to get a lot more cash. That’s where identifying niches in this business can help you.

Why Should You Become A Niche Specialist?

Becoming a niche specialist is just as significant as knowing what your niche should be. For example, heart surgeons will earn more money than a primary care doctor because they offer services that others cannot. If you specialize in selling bedroom furniture, then guess what? People will seek you out, too. In addition to that, they tend to pass your name around to their friends and family members. If someone says, “Hey, man, I need a bedroom set. We are moving to this house,” your previous customers may reply, “Oh! Sally sells bedroom sets.”

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Specialists also recognize trends. The thing is, trends come and go. For instance, the big thing right now in the antique world is mid-century style furniture. If you are still selling the old stuff from the 1700s, it may not be as in-demand as it was in the past, but the trend can change after some time. As a specialist, you can watch and monitor these trends and realize what is about to happen before it happens. Again, I will stress this out: if you are selling 30 different things to everybody, it is hard for them to recognize and spot the trends, so you end up buying stuff that people no longer want. You’ll sit and hold on to it much longer than when you get something “in,” you know.

Another thing is, as you become more involved in your niche, you will start to learn the value of things. If you are in an auction, you may see that some people might bid on this particular style and stop at $300 because they feel unwilling to pay more than that. But if you know that you can get $1800 for that one set, you won’t mind raising your hand and taking that bid up to 500 or 700 or even 800 dollars because you know its value and are familiar with this niche. That is another benefit of becoming a specialist.

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Final Thoughts

When identifying a niche for your business, think about these questions:

  • What do you enjoy?
  • What items you have a passion for?
  • How well do you know a specific product?

You need not be a jack of all trades, especially if you don’t want to earn peanuts. Think about a suitable niche for you before the pandemic ends. Good luck!

 

Why You Need Training Before Joining The Management

The 2019 Management Training Event was my first hosting gig, but I had been attending the same seminar for years. You see, our bosses were kind enough to fund such an event to ensure that the company managers, young and old, could perform optimally. If one of us could not function well, they might keep us from achieving our long-term goals.

Everyone was on board with this seminar, except for the newly hired managers. It surprised no one, considering they were often too eager to prove their skills. 

Still, management training matters because it will allow you to:

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Communicate With Coworkers More Effectively

Qualifying for a managerial position merely entails that you have the proper credentials to handle the job. However, you need to be able to communicate with your coworkers more effectively so that they will respect you and not talk behind your back. Any conflict within a team or department can derail the business operations, after all.

Understand Your Real Priorities

Not all managers have impeccable time-management skills. Some try to bury this problem by highlighting their leadership and organizational skills. If you want to manage your tasks well and meet your deadlines, though, training can help you realize what to prioritize first in every situation. 

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Aim For The Same Goals As Everyone

Have you come across new managers who seem lost and always do something opposite from the company goals? It can be because they have not gone through management training, where you learn about what the bosses want the business to become after a few months or years. Without this information, none of the goals may be met, and the new managers may face termination.

Final Thoughts

Assuming your company holds an annual management training event, go for it. It is for your own good as much as the company’s. Who knows, you may fully grasp your job because of this, so you won’t need to look for another work again.

Signs Of A Potential Leader

When my boss asked me to head the 2017 Leadership Training in the company, I was extremely excited. I would finally get to showcase my organization and hosting skills, after all. It was a dream come true for me.
But then, the boss gave me a bizarre instruction: invite students with leadership potentials from nearby universities. In my boss’s mind, it would be ideal for catching the interest of such kids early so that they might want to apply for a job at our company at the right time. I didn’t know any college student, but I couldn’t say no, either, I decided to roam around universities and see which students were leader material.

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To my surprise, I found 30 of them. The group consisted of activists, honor students, presidents of school clubs, etc. I picked these kids because they all showed signs of a potential leader:

Excellent Communicator
Leaders can get their point across without feeling the need to shout. They choose their words well and do not let emotions take over their system, even in situations where it’s understandable to be upset. Because of that, you commonly see them surrounded by a massive group of fans and supporters.

Problem Solver
Problems hardly faze leaders. For sure, it saddens them, but the will to find a solution comes soon after. For instance, if the club has insufficient funds for an activity that the entire university can benefit from, the leader organizes events to raise funding. They won’t postpone the action or sit idly like a lazy person.

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Ambitious
Being ambitious has been perceived to be a selfish thing, but it is not. You can find this trait in almost every leader in the world. They all have a vision that they want to come to fruition for the good of everyone. If they have such a dominant status, it will be possible for them to do what past leaders should have done.

 

If you get ahold of potential leaders in your company, try to groom them instead of alienating them. What’s worse than not finding a suitable successor, after all, is letting one slip out of your grasp.