| by Justin Tobin @justintobin|
A quick scan through the business media on any given day yields a vast number of how-to guides for hiring and maintaining a staff of millennials, as if they were exotic house pets that require special care. These tips usually recommend offering perks like happy hours, flexible working hours and of course, ping pong tables. If only it were that simple. The way we work today is shifting in some dramatic ways. This is driven by a number of factors and millennials are just one of them.Each generation holds certain overarching views about hierarchy, corporate loyalty, necessary skills sets and what a good work ethic looks like. The question for managers shouldn’t be, “how do I deal with these confounding millennials,” but rather “how do I manage the stressors that occur when people of different generations are working under the same roof?” Instead of focusing on the whims of the younger generation, managers need to look at the big picture to smooth tensions and reconcile the views and approaches of both groups.Here are some common differences between millennials and boomers that today’s managers need to recognize and how to balance them against each other to get the best out of your teams.
1. Tenure vs. merit. For boomers and those who came before them, the thinking went, if you were loyal and put in your time, you’d be rewarded by the company. Tenure was what drove increases in compensation and title promotions. Millennials have had to deal with a very different employment landscape, one affected by a sharp rise in temporary and freelance staffing that doesn’t encourage, or even allow, workers to settle in for the long haul. Because of this, millennials believe that merit, not tenure should drive respect and upward mobility for workers. In their eyes, varied expertise, education, personal projects and career wins should count for more than the dates they signed their contracts. Managers should be open to taking into account the valuable experience and skill-sets one can build from working in varied industries, without dismissing the institutional knowledge and focus that comes with spending years and years at the same company.
2. The importance of hard skills.Older generations saw the education to work pipeline as relatively straight. You went to school to gain a certain set of skills that you would then hone over the course of your career. In time, this highly developed set of technical abilities or industry expertise would be your most important asset. For millennials, the view is a bit more complicated. They value intangibles such as emotional intelligence, leadership qualities, communication skills and the ability to adapt quickly to new processes and technologies just as highly, if not more, than hard skills. Perhaps this is a result of growing up in a quickly changing environment that has a tendency to render some skills obsolete as fast as you can master them, or a byproduct of the way social media has trained the younger generation to think about self-presentation. The fact of the matter is they’re both right. Mastery of hard skills is only becoming more valuable as technology advances and more jobs become automated. Meanwhile, interpersonal skills and the ability to see the big picture in real time are crucial in an increasingly complex business environment. A strong, well-balanced team takes the best components of each view.
3. The definition of stability.An increasing number of businesses are waking up to the fact that it’s often cheaper to hire freelancers or talent from the new breed of skilled “flex workers” we see emerging — designers, coders, writers, etc. that companies can hire on an as-needed basis — than hiring full-time staffers. This creates some friction between boomers who see full-time jobs with benefits as “normal” and preferable, and millennials who value the dynamism and increased knowledge that can come from working at a variety of companies on a short-term basis. It’s not that millennials don’t value stability; they view stability as gaining a diversified set of experiences and skills. They want to be able to rely on a paycheck just like everyone else, but many don’t see full-time jobs with benefits as the best approach to achieving their career goals. This generational disparity is something recruiters need to keep in mind as they seek to attract talent and balance staffing needs between freelance and full-time.In reality, millennials want the same things most workers want, including their older colleagues — to grow in their careers, to balance their work and personal lives, to make a decent wage, to work in a positive office environment. The difference is their multi-tasking, diversification approach to achieving them. So, don’t make changes to your business simply to appeal to millennials; make them to balance the ideals and work styles of all of your talent to optimize the common ground.
| Oh no you did’nt!!|
by Javis “Jay” Brunson @JavisJay
Before you respond to life’s events and tell your vendor, business partner, boss, co-workers, buddy or spouse to go play in the middle of rush hour traffic or call them everything but a child of God, take time to think clearly and calmly about what you are doing. Before you respond to the situations remember who you are and the direction you want to be moving. A frantic, emotional reaction made in haste can often push you back even more than the event to which you are reacting. Certainly, it is sensible to respond promptly to whatever life sends your way. Yet that does not mean that you must respond thoughtlessly and carelessly. Before you do something that might take years to overcome, take a moment to thoughtfully consider your response. Remember, all experiences are an opportunity for growth. Have a GREAT day and continue doing what you LOVE to do!
I left my phone at the karate school so I went on a phone diet. I had to use an old clock from my son to set the alarm for the morning. I had a good night sleep and I woke up at six am but went back to sleep. God shows me something he needed me to understand. When I lost the business which was supposed to help pay the personal and business bills, my friend from the job at the hospital who I thought cared about me told me that her brother needed help at the family business. her brother knew that I was making money with my blogs which mean I have a large follower on social media. I understood that he wanted to use my network to build his business which he inherited from his father and mother. I learned the business and most of the times he had me write checks for a large sum of money to pay another company. I am familiar with handling a large amount of money. I did some of the quickbook for the business also but he needed someone to run the business full-time while he goes in the field. His mother came to the factory every day and she brought him foods. They had a big room for the employees to meet and for him to meet with other business people. I watched how his mother took care of him and she brought a large plate of foods from the restaurant that her daughter owned with her husband. The foods tasted so good and I was able to take some foods home, however, the pay was not good enough. As a single mother with two children, I need to make at least three thousand dollars.
There are no absolutes in life. And there are no givens. Everything is up for grabs. Most people dream of accomplishing something extraordinary in life. But life slips by and their most meaningful dreams slide silently to the side while they’re getting everything else done.
Grant Cardone says, “Never reduce a target. Instead, increase actions. When you start rethinking your targets, making up excuses, and letting yourself off the hook, you are giving up on your dreams!”
Operating at an exponentially higher level is exactly what you need to do better and be successful in your endeavors. But everything starts with a decision to aim higher than usual. Only those with the right mindset, attitude and skill can take advantage of the enormous human potential.
You can’t achieve extraordinary results with an ordinary mindset
“The greatest danger for most of us is not that our aim is too high and we miss it, but that it is too low and we reach it.”― Michelangelo Buonarroti
Many people are far below their expectations because they have big dreams, incredible ideas, and fantastic goals but put in little or no ACTION.
As you build on your accomplishments and your confidence grows, you will naturally want to aim higher. Now that you’ve got some momentum going, it’s time to double your effort.
Extreme success in your own terms can only be achieved by taking massive action with the 10X rule, a concept made popular by Grant Cardone.
The 10X rule is based on the idea you should figure out what you want to do, goals you want to achieve, and multiply the effort and time you think it’ll take to do by 10.
In his book, 10x Rule, The Only Difference Between Success and Failure, Grant provides an awesome blueprint for how you can rise above the status quo to take “massive action” instead of behaving like everybody else and settling for average results.
“The greatest turning point of my life, both professionally and personally, was when I stopped casually waiting for success and instead started to approach it as a duty, obligation and responsibility,” says Cardone.
We have a tendency to underestimate what we can accomplish, and therefore set lower goals and not reach our full potential.
When you apply the 10x rule and mindset to your thinking, and apply it to how you act, you can do more in the shortest possible time. And you will still have time to take care of a lot of other things on your to-do list.
The idea of a 10x advantage is to aim ten times higher when you set your goals in business and life. You are probably not thinking big enough about your life’s work, projects, and what you want to achieve in your career.
A 10x mindset or goal means that if you come up short, you’ll still find yourself further along than if you had maintained your life’s current goals, visions and everything else you have planned to achieve.
Christopher Reeve once said, “So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable.”
And it also means that you open yourself up to bigger possibilities for the future that make it increasingly easier to make decisions and take action in the present. You can move and work your goals 10 times faster while being consistent and persistent.
But don’t underestimate how much energy and effort it will take to push things through though. Things could take longer to complete or cost more. Plan for these things you plan to focus on ahcieving more using the 10x rule.
Thinkers and dreamers are the new untouchables
“Between the great things we cannot do and the small things we will not do, the danger is that we shall do nothing.” — Adolph Monod
We’ve been conditioned to think small, simplify and to expect less and demand less from life. Don’t be subject to the tyranny of “how things have always been done”. Find your true north and push past the default.
For centuries we’ve been trained by the system to stop thinking and do as we are told. But dreamers and thinkers change the world. They don’t follow any logic. It’s hard to replace the dreamers with algorithms.
Can you build something people will look for, will talk about or something we would miss if it were gone. Think about your capacity to think creatively and exponentially. And your your capacity to provide value to others. Start seeing things from a wider and far reaching perspective.
You should start thinking big without reservations. Practice thinking about your future being 10x bigger and better, and you’ll develop a new 10x standard for viewing the world.
You can only contribute more, learn more, become more and stretch yourself and your own abilities beyond their current psychological limitations if you give yourself permission to think beyond the obvious.
Turn mindset into action
The right intentions will only get you so far. You also must act. A 10x mindset radically shifts your thinking, your decision-making, and the actions you take.
Start identifying actions that are blocking your progress toward 10x growth and get rid of them. Focus on doing even better at those things you’re already good at and stop worrying about everything you struggle with.
Tackle every project with the 10X Rule, acting like you have to succeed because your life depends on it.
Before you go…
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I was grabbing a coffee with a friend the other day and in the coffee shop, we got into a conversation with a gentleman who started telling us about his food truck. He was going on about how they originally took a $50k loan to get the business going, and how he was spending 16 hours a day on the business. I was supportive and respectful, but not how I look to go about my businesses. 16 hours a day at the beginning, maybe 1 hour a day once it’s launched.
Brick and mortar businesses are going out of style. Brick and mortar businesses are expensive as well ($50k for a food truck with no guarantee of success!!) If you want to make it big, you have to leverage your network and the reach of the internet.
I’ll give you a few business ideas that cost less than $200 to start. Most are built around creating content and building an audience. Content creation is a great way to start a business. Essentially, build an audience, then monetize. I will also list a few others.
- Blog (less than $50 for domain name and 12 months of hosting fees)
- Start writing unique content on a specific niche and you will build an audience. Over time, you can add ads, affiliate links, products, coaching courses, etc. to your blog. Since you already have an audience, they will be open to buying.
- Social Media Sites: Twitter, Instagram, YouTube, Facebook (free)
- Why not utilize a platform that already has millions of users? You can create an account on any of these platforms and start building a business this way.
- I watch a lot of YouTube videos and it’s crazy how people can make a living off creating videos.
- One downside of these platforms is if they change their algorithm or pay-out structure, then you may lose out on views, ad revenue, etc.
- Consulting or Coaching (Free, but will take time to build a client book and reputation)
- Are you an expert in a certain field? You can contract for and consult clients for a solid hourly wage. It’s a fun job and if you can communicate well, it would be a solid role for you.
- Digital Product Creation (think e-book or how-to-guide, Free)
- Creating a e-book on an area you are passionate about and sell it for a few bucks. The only time you spend is upfront, after that, it’s passive income.
It’s a great strategy these days to leverage the internet’s wide reach. There is so much money in the world right now… we just need to go and get it.
My favorite product managers are quietly powerful. Every day they take small steps that move their teams and business forward in a meaningful way. But they do it without a lot of hoopla, taking a confident yet unassuming approach.
After all, product managers have a lot on their plate every day. They are responsible for the strategy, roadmap, and feature definition for their product. It is a big responsibility that requires facilitating and collaborating with many different teams — both internal and external — without the formal authority to manage those teams. It requires a unique mix of humility and strength.
However, that quiet power does not mean leading product is easy. I realized early on that the daily life of a product manager is unpredictable, hectic, and sometimes very tough.
In the late 1990s, my first product management job was helping to roll out high-speed internet nationwide when it became a viable (and highly desired) alternative to dial-up services. We went from providing 300 lines monthly to more than 3,000 — all in a window of about 60 days. I quickly learned how to balance staying on a strategic course and managing the endless minutiae that was required to get each customer up and running.
I had always been a leader, so handling the stress and responsibility was natural for me — but I had a lot to learn about focusing my efforts on what mattered most. I soon realized that with great accountability comes great autonomy. It was up to me to prioritize what needed to get done and when.
This is great news for ambitious product managers: You have more control than you might think, no matter how hectic each day feels.
Here are five things great product managers do. Used consistently, these actions can help you prioritize your work every day and thrive.
1. Align actions to goals
To succeed as a product manager it is essential to take a goal-first approach. Prioritize what must get done that day and assess and align new work against your goals. Swiftly break through the endless tasks and chatter by evaluating each request or demand through the lens of your goals. This does not mean you should shut down disruptions as “noise” to be silenced. Embrace the interruptions that align with your goals — one may be the missing idea that makes your product wildly successful in market.
2. Connect the dots
Understand how your product serves your business — the big picture of why you are building it. This may seem obvious, but without that connection, product managers are often led astray by differing opinions, demands from internal teams, and conflicting customer feedback. Identify why your product matters to your business and to customers so you can navigate with a steady mind.
3. Solve one simple problem
You may be tempted to solve every problem for your customers. But you cannot be all things to all people. You will spread yourself too thin and lose that firm direction. Instead, focus on solving one problem at a time. I like to say, “Focus on one problem, and solve the second for free.” Tackle one problem well and new opportunities will emerge.
4. Learn from others
Invest the time and effort to learn about your product team’s core work so you can set realistic deadlines. This is especially important for teams that share resources. Ask questions and get to know the full scope of their experience and tasks. It is also important to admit what you do not know. Rely on the expertise of your extended product team to help you deliver on the promise of your product.
5. Say “no” with confidence
Not every idea will be meaningful. And, in fact, most will be lousy. Great product managers understand that saying “no” is not a one-word answer. This is your chance to explain why the idea does not make sense within your strategic direction. Do not hide from these conversations or be dismissive. Take each “no” as an opportunity to recommit to your goals — and to re-evaluate whether your aim is true.
I know this advice to be effective — but hard to follow. So be kind to yourself when you feel cornered or stuck. Stick out your chest and remember that you have more control than you think and a team at your side.
You too can achieve the quiet power that separates good product managers from great ones. Never lose sight of your goals and embrace each day with humility and strength. Now go get busy.
Discover your own power as a product manager.
September 16, 2016
From Bill Bonner, chairman, Bonner & Partners: It’s back to Europe. Back to school. Back to work.
Let’s begin by bringing new readers into the discussion… and by reminding old readers (and ourselves) where we stand.
Small and Lonely Group
As a Diary reader, you join a small and lonely group.
But we know something others don’t.
We—and apparently only we—understand the real cause of our economic malaise.
What malaise, you ask?
Well… how could the richest, most technologically advanced, and most scientifically sophisticated economy stop dead in its tracks?
The rate of economic growth has gone steadily downhill for the last 30 years. By some measures, after accounting for the effects of inflation, we’re back to levels not seen since before the Industrial Revolution.
And how could such a modern, 21st-century economy make the average person poorer?
When you measure actual inflation, rather than the government’s crooked numbers, the median U.S. household income is 20% lower today than when the century began.
And why would our modern economy concentrate wealth in the hands of so few, so that only the richest 1% make any real progress?
You may also ask a question with an obvious answer: Why are the richest and most powerful people in the country overwhelmingly supporting Ms. Clinton in the presidential race?
You find the answer to all these questions the same way: Follow the money.
Ms. Clinton is raising record amounts of money—$80 million in a single month.
Big corporations, banks, military contractors, rich people—all are pitching in to make sure Hillary is our next president.
Because she promises to protect the status quo.
That, of course, is what government always does. A free economy is a precarious place for wealth. It is despised by nearly everyone—especially the rich.
In a truly free market, the process of “creative destruction” can’t be controlled. New wealth is born. Old wealth dies.
Naturally, people with wealth and power try to use government to get more wealth and power… and to stop the creative-destructive process. They want to protect what they’ve got already. That’s why the real role of government is to look into the future and keep it from happening.
Hillary stands like King Canute, promising to stop the tides of economic history.
What’s this got to do with money?
Let’s ask another question instead: What is the source of Ms. Clinton’s campaign pile? Whence cometh all this lucre?
“It comes from rich people,” you will say.
But where did the rich get so much money?
Ah… that’s where it gets interesting.
We remind you of the context: So far this century, only the rich have gotten wealthier. Naturally, they are keen to see the system that gave them—and them alone—such great wealth continue.
Old Money, New Money
The key to understanding it all is the money system itself.
The money you spend today is the money that President Nixon inaugurated on August 15, 1971.
That’s when he reneged on America’s promise to convert foreign creditors’ dollars to gold at a fixed price of $35 per ounce… and broke the last link between the dollar and gold.
Nixon’s new money looked, for all the world, like the old money. It seemed to work just like the dollar always did. And the most distinguished economist of the era—Milton Friedman—advised Nixon to put it in place.
Subtle… slippery—the difference between the old dollar and the new one went unnoticed for 40 years.
Old dollar? New dollar? Who cared?
Even now, most of the world has no idea what happened. But we, dear reader, are beginning to connect the dots.
Here’s the basic difference: The old gold-backed dollar represented wealth that had already been created. You got more dollars as you created more wealth.
Money was real wealth.
But this old money was hard for the authorities to control. They said it was uncooperative. Intransient. And stubborn. They wanted a new kind of money… and a dollar they could manipulate (to make a better economy, of course).
So, the new dollar was created. And this new dollar was not based on wealth, but on debt.
It was not backed by gold. And it was not connected to the real wealth of the economy.
Instead, it was brought into being by the banking system—as a credit. It increased as people borrowed and went further into debt, not as they grew wealthier.
The more they borrowed, the more they could buy. This gave the economy the appearance of growth and prosperity. It allowed millions of Americans to increase their standard of living, even as their salaries stalled.
But every purchase put people further into debt…
Between 1964 and 2007, credit expanded 50 times.
And in 2008, the credit bubble burst.
More to come…
Reeves’ Note: The big corporations, banks, military contractors, and rich people backing Hillary Clinton are just apparatchiks of what Bill calls the Deep State… a nebulous group of elites who have infiltrated the far reaches of the American government.
Bill exposes this unelected group of insiders, and offers a “prep guide” to protect your wealth and privacy from its intrusion… in this urgent warning.