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3 Tips on Effective Leadership

No matter if you’re new to management or a seasoned veteran, it’s never too late to learn a few tips on being an effective leader. Therefore, the following list includes three ways you can begin to hone your leadership skills and make them as useful as possible.

Lead by Example

If you are noticing that your employees are not doing what you’ve outlined in your company policy, you might want to first look in the mirror. The reality is that employees will only follow a specific procedure if they see you doing it as well. After all, if it’s okay for the boss to do it, why not themselves. Therefore, you should always make sure to lead by example. If you expect your team to be in the office within a specific time, you should as well. If you expect a certain amount of work to be done, then you should also be working right alongside them.

Share & Recognize Good Work

One of the most common complaints from past employees is that they would never get recognized for their hard work, or their boss would usually take credit for the good and blamed for the bad. An effective leader should never belittle the efforts of their staff. Instead, you should always make sure to share the glory along with the recognition. If an individual member of the team went above and beyond, that person should have the spotlight placed on them. On the other hand, when good work has been accomplished, make it known to your staff how proud you are of their hard work.

Master Communication

There’s no doubt about it; if you want to become an effective leader, you should continue to work on mastering communication. However, excellent communication skills don’t involve telling everyone what you want out of them; it’s also about listening to their concerns and suggestions. An effective leader should be able to persuade their staff to go above and beyond. They should even understand how to listen and process feedback when they are being spoken to.

So you’ve made it, you’re not a leader within your business. However, now is not time to rest on your laurels. It is crucial to utilize the information able to make sure that you become an effective leader to your staff and company.

from Mike Plumlee Financial Advisor | Business https://ift.tt/3cbCwB4
via IFTTT

How to Apply for a Small Business Loan

For a small business to get off the ground or to keep operating effectively, a small business loan is often the best course of action. However, it usually isn’t as simple as merely stepping into a bank and applying for one. Therefore, here are some of the steps and suggestions you should take when applying for a small business loan.

Understand Your Reason & How Much You Need

It would seem that a business owner would understand the reason why they need a loan and how much they want to ask for. However, this isn’t necessarily true, especially when they are first-time business owners. Those new to business often only understand that they need capital first to allow them to plan. However, the reality is that you first need to plan then apply for a loan. You will notice that most lenders will ask for this information before even presenting you with your options.

Focus on Your Credit Score

When a business decides to ask for a business loan, lenders will usually look into your business’s credit history. However, what if you’ve never held a business before or your business is less then three years old? Lenders will then look at your credit score to determine your eligibility. This is why it is important to focus on your credit score before even thinking about stepping into a bank. It would help if you took the time to fix any issues with your record as well as pay down any outstanding debts.

Research Your Options

Just because you’ve never received a bank loan does not mean you are a slave to the most established banks. The fact is that you do have options, and those options should be explored. You may find that you could receive a better outcome from locally operated banks or even a non-bank institution such as a credit union. The reason for that is because not only are your requirements much easier on your company in terms of finance, but if anything needs to be taken care of, you are only a few blocks away from speaking to someone in person.

Funding your new business is no easy task, but it is possible. Therefore, it is highly recommended that business leaders adhere to the tips posted above to see a positive outcome for your company and your pocketbook.

from Mike Plumlee Financial Advisor | Business https://ift.tt/3grgmy4
via IFTTT

3 Tips on Effective Leadership

No matter if you’re new to management or a seasoned veteran, it’s never too late to learn a few tips on being an effective leader. Therefore, the following list includes three ways you can begin to hone your leadership skills and make them as useful as possible.

Lead by Example

If you are noticing that your employees are not doing what you’ve outlined in your company policy, you might want to first look in the mirror. The reality is that employees will only follow a specific procedure if they see you doing it as well. After all, if it’s okay for the boss to do it, why not themselves. Therefore, you should always make sure to lead by example. If you expect your team to be in the office within a specific time, you should as well. If you expect a certain amount of work to be done, then you should also be working right alongside them.

Share & Recognize Good Work

One of the most common complaints from past employees is that they would never get recognized for their hard work, or their boss would usually take credit for the good and blamed for the bad. An effective leader should never belittle the efforts of their staff. Instead, you should always make sure to share the glory along with the recognition. If an individual member of the team went above and beyond, that person should have the spotlight placed on them. On the other hand, when good work has been accomplished, make it known to your staff how proud you are of their hard work.

Master Communication

There’s no doubt about it; if you want to become an effective leader, you should continue to work on mastering communication. However, excellent communication skills don’t involve telling everyone what you want out of them; it’s also about listening to their concerns and suggestions. An effective leader should be able to persuade their staff to go above and beyond. They should even understand how to listen and process feedback when they are being spoken to.

So you’ve made it, you’re not a leader within your business. However, now is not time to rest on your laurels. It is crucial to utilize the information able to make sure that you become an effective leader to your staff and company.

How to Apply for a Small Business Loan

For a small business to get off the ground or to keep operating effectively, a small business loan is often the best course of action. However, it usually isn’t as simple as merely stepping into a bank and applying for one. Therefore, here are some of the steps and suggestions you should take when applying for a small business loan.

Understand Your Reason & How Much You Need

It would seem that a business owner would understand the reason why they need a loan and how much they want to ask for. However, this isn’t necessarily true, especially when they are first-time business owners. Those new to business often only understand that they need capital first to allow them to plan. However, the reality is that you first need to plan then apply for a loan. You will notice that most lenders will ask for this information before even presenting you with your options.

Focus on Your Credit Score

When a business decides to ask for a business loan, lenders will usually look into your business’s credit history. However, what if you’ve never held a business before or your business is less then three years old? Lenders will then look at your credit score to determine your eligibility. This is why it is important to focus on your credit score before even thinking about stepping into a bank. It would help if you took the time to fix any issues with your record as well as pay down any outstanding debts.

Research Your Options

Just because you’ve never received a bank loan does not mean you are a slave to the most established banks. The fact is that you do have options, and those options should be explored. You may find that you could receive a better outcome from locally operated banks or even a non-bank institution such as a credit union. The reason for that is because not only are your requirements much easier on your company in terms of finance, but if anything needs to be taken care of, you are only a few blocks away from speaking to someone in person.

Funding your new business is no easy task, but it is possible. Therefore, it is highly recommended that business leaders adhere to the tips posted above to see a positive outcome for your company and your pocketbook.

Investing in IPOs

In many instances, investors suffer from a dilemma of whether to invest in initial public offerings or not. Popularly known as IPO (Initial Public Offerings) is the process of publicly trading the company’s shares in a new stock issuance. This mostly happens when the company is at a young age to boost its growth potentially. In this year only, approximately 120 companies have gone public to sell shares on stock exchanges. Nevertheless, IPOs are highly volatile and can move up by 10% in just one day and vice versa. To cope up with these fluctuations, here are four key metrics a company should take into consideration before opting for IPO’s.

  • Competitive advantage for the company
  • The financial statements of the company demonstrate its growth rate
  • The management of the company
  • The valuation of IPO in that fiscal period

IPOs’ investments require cohesive decisions to achieve a stabilized portfolio and raise cash quickly. For the IPOs to perform amazingly, put the following considerations into actions.

Perform In-Depth Research About the IPO

This is the most crucial step when making decisions about IPOs investment. Companies with long public life-time have longer track records to base their decisions. Although finding precise information is scarce, research will critically help in discovering the company’s general stock make conditions.

Never Let IPO Investment Bias Your Long- Term Goals

Keep 5% to 10% of your holdings devoted to the overall portfolio. However, owing to the uncertainties surrounding IPOs‘ investment, this should be approached with assertiveness and caution.

Buy Substantial Shares to Give You a Ride

Don’t be in the first line to get productivity gains. To be a successful IPOs investor, you need to be on the lookout on the company’s future earnings. Some companies do over promise only to under deliver their success.

Allow the Lock-Up Period to Expire First

Limit your investment desires since it’s complex to predict the investors’ satisfaction during the lock-up period. Nevertheless, a worthy company will remain to be useful even after the lock-up period expires.

Having IPOs as stock market investments is an excellent idea as it rewards. It is a lucrative opportunity to invest small stakes in developing companies. However, an informed investor will see his investments perform better than an ill-informed investor.

Preparing Your Company for Remote Work

No matter the issue, there are going to be situations that arise within any company which warrant the need for remote work. This, of course, can lead to a serious disruption of day to day work, which may eventually lead to less than stellar revenue at the end of the month. Therefore, companies must make a plan that involves how they will prep when a company needs to move to remote work. Here are a few tips to keep in mind when preparing your company for remote work.

Determine Essential Tasks First

It is important to map out which positions are critical to the operation of the company and thus need to be the primary focus at the beginning and which will need additional aid in keeping them functioning. These need to include positions that can be easily done without the need for a physical presence or at least partial presence. This also includes positions that you are not sure they can be done remotely, such as administrative assistants.

Audit Your IT capabilities and Support

One of the biggest things your company is going to rely on is virtual conferencing. Thus, it is important to audit your It capabilities and support to ensure that the operations of the company are still moving forward, even when you are not all in one place. After all, the last thing you want is to be locked out of critical company programs or unable to video chat with co-workers.

Communications Protocol

When talk of needing to go remote is heard around the office, proper communication is often the first thing that takes a hit. Therefore, it is paramount that you obtain a communication protocol to inform your employees about the process, from start to the actual transition of working remotely. This should include the mediums which are going to be used, such as Slack, email, or Zoom. In addition, proper protocol on how and who to communicate issues must be implemented.

Find Ways to Measure Performance

The most important component of a successful work from home response is the quality of work that is being produced. Finding ways to measure performance before and during this time can help you determine the best procedures to implement within the first weeks of remote work.

The Top Golf Courses in the US

Beautiful areas in our nation’s upper midwest may be very well known as hunting and fishing paradises for the sportsman. Still, real golf enthusiasts are well aware that these same areas also have some of the most beautiful, challenging, and brilliantly laid-out public golf courses found anywhere on earth. Listed here are but a few of the many that avid golfers on public courses can take on in their travels throughout these gorgeous regions. And outside of inner golf circles, who would’ve thought that Wisconsin has such highly-rated, outstanding golf destinations? Here are but a few of the notable ones.

Course: Whistling Straits – Haven, Wi. – Length: Par 72 / 7,790 yards

At last count, Pete Dye had integrated 1,102 bunkers into this gorgeous course, spanning a two-mile stretch of Lake Michigan. With very rugged fairways and highly windswept greens, it’s a grand challenge for golfers of any experience level. Two dozen will take on this monster in the 2020 Ryder Cup.

Course: Black Run (River) – Kohler, Wi. – Length: Par 72 / 7,404 yards

Another Pete Dye creation, this course is distinctive in that Dye convinced owner Herb Kohler to rip-up an already highly acclaimed course, and came up with a big winner again. This river course is a large bend of the Sheboygan River, has some extraordinarily memorable holes, and was host to such significant events as the 2012 U.S. Women’s Open.

Course: (New) Sand Valley – Nekoosa, Wi. – Length: Par 72 / 6,913 yards

On over 1000 acres of rolling sand hills in central Wisconsin, course architects Bill Coore and legendary PGA professional Ben Crenshaw got creative here, with some deep sand spits, dual fairways, a hidden punchbowl putting surface, and perched greens bringing the challenge to golfers here.

Course: (New) Mammoth Dunes – Nekoosa, Wi. – Length: Par 73 / 6,935 yards

This is the latest to open at Wisconsin’s Sand Valley Resort. Entire hillsides of sand were exposed and integrated here, adding beauty and stability against heavy wind and rain. Vast fairways are the draw here, enabling golfers to take advantage of a little more flexibility on their shots.