Monthly Archive for July, 2018

Qualities to Look for in Job Candidates

When you are running a small business, every member of staff whom you invite onto your team is crucial. It is highly likely that you are going to be entrusting them with some big responsibilities, and you want to ensure that they are ready to handle them. Obviously, you need to put a clear and comprehensive hiring process in place which includes a detailed job description, strong interview process, and reference checking. But what sort of qualities are you looking for in the first place? While we can’t pretend to know your company inside and out, we can provide you with some suggestions of the qualities which are going to serve your business well. And here are just a few of the main ones.

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Eagerness to Learn

Even if the candidate doesn’t have a great deal of experience at the moment, their willingness to learn is important to measure. Recent graduates are a popular choice as they can pick up new skills with ease and can often be moulded the needs of your business. However, it is also worth keeping an eye out for people who have a specific passion for your field. Also, you could look for lifelong learners with an MBA or other qualifications who have always shown a willingness to pick up new skills, as well as developing themselves both personally and professionally.

Willingness to Take Responsibility

When there are only a limited number of employees working for an organisation, it is especially important that everyone takes a degree of responsibility. Ultimately, this can be challenging to determine to start off with, which is why your interview questions need to be highly targeted. Rather than only sticking to their own individual area of responsibility, your ideal candidate will be willing to get involved in doing everything that they can to further the needs of your business.

Likeability

Running a small business means that it is highly likely that everyone will be working in close proximity. Therefore, it is worth considering how well your candidates are going to get on with you, as well as everyone else at your organisation. Of course, this doesn’t mean that you have to hire everyone who has exactly the same personality, but they need to be adaptable and willing to work with others. Don’t be scared to take people on a trial basis to begin with to see how well they gel with the other employees at your business.

Ambition

Since you have started a small business, it is likely that you have a high level of ambition, and you want the kind of candidates who match your willingness to succeed. Look for people who have had a track level of advancement. Of course, the obvious question to ask is ‘where do you see yourself in five years?’. But you want to see some evidence to back up their answers. Even if they are a recent graduate, you can get a sense of their personality based on their other achievements. Get someone with the right level of enthusiasm, and they can even end up inspiring you to achieve greater things.

Sharing a Vision with You

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Obviously, not all new candidates can possibly share your vision straight away, but they can show a passion for the way that you conduct your business. Take note of how thoroughly they have researched your company before the interview stage, as well as the type of questions that they have for you. Ultimately, it is your job to see how closely they align with your mission based on what you have seen and heard.

A Range of Skills

While you may be hiring people to do one specific job, it doesn’t hurt for them to be multi-skilled, especially since you are likely to need a range of abilities to get your small business off the ground. If the candidate has worked for a small business in the past, it is likely that they have a good general idea of what is expected of them. You should also ask about their level of experience in handling a range of different tasks and projects at the same time.

Adaptability

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One of the main joys of running a small business is that you can do things differently to the way that they have been done in the past. Therefore, you don’t want to hire people who are already set in their ways, and not willing to adapt. This doesn’t mean that they can’t be innovative and have new ideas, but you don’t want people who are fixed in a single worldview which they are unwilling to shift in any way. It is worth asking how they would respond if they were asked to take on different responsibilities than their job description.

You may think that you have found the ideal candidate for the job, but it is still worth proceeding with some caution. First of all, you should always check the references which you are given. This doesn’t take a great deal of time, and it will give you a better idea of whether the candidate is genuine, or simply too good to be true. Once you are happy to take them on board, consider doing so on a trial basis to begin with. This way, you will be able to determine whether everything that they promised in the interview checks out, as well as how well they get on with your existing members of staff. Finally, it is always worth trusting your gut. If something doesn’t feel right about that particular candidate, you shouldn’t hire them. After all, you want them to play an integral role in your business, and you are not giving them the best chance of doing this if you have these niggling doubts at the back of your mind. Over time, you should start to come up with a refined and clear hiring process, which stands you in good stead as your company continues to grow.

Retaining Top Talent At Your Business

Finding the best talent for your business is a difficult task. However, holding onto this talent is even more challenging. After all, the best employees will often be head-hunted, so you need to make sure that they do not want to leave your company. How can you do this? Well, read on to discover some suggestions that will help you to retain the best talent at your company.

Influence open communication – Open communication is a necessity if your business is to reach the dizzy heights you expect it to. It is also important in terms of holding onto your best talent, as it creates a much better working environment. People feel like their voices are being heard and complaints are dealt with in the most efficient and effective manner.

Provide training opportunities – One of the best ways to hold onto your best talent is to provide them with training opportunities. A lot of people leave their current positions because they feel like they have hit a dead-end and there is no opportunity for them to advance their skills and their career. You can easily rectify this by providing training opportunities. This does not need to disturb your current workflow, as there are many online training options today. You can even attain an MSW Advanced degree online, as well as other Masters and advanced programs. These sort of opportunities will encourage people to stay.

Deliver quarterly progress reports – Feedback is important to employees. Ditch those annual employee performance reports, as a lot goes on throughout the year, making these reports virtually redundant. Instead, quarterly progress reports are much more effective. This shows your employees that you are interested in their performance and that you are willing to go out of your way to provide them with recognition where deserved and assistance where needed. Not only does this help you to hold onto your best talent, but it gives your employees the incentive to outperform themselves throughout the year too.

Treat your employees and show you care about their working environment – Everyone loves a treat, right? There are many different ways you can treat your employees and they will reward you with hard work and dedication. For example, something as small as buying a coffee machine for the office can make a difference and make everyone feel appreciated. The corporate Christmas party and occasions like this also present opportunities for everyone to relax and have fun while also showing your staff that you appreciate their efforts. Why not host a company award’s ceremony every year? Team bonding activities are also great for boosting loyalty while also helping your employees work more efficiently together.

So there you have it: some ideas that you can use to retain the best talent at your company. If you follow the suggestions that have been presented above, you can give your business a great chance of holding onto your best employees and thriving as a result.

Getting Back In The Working Saddle

It doesn’t matter why you’re not on the working saddle at the minute, you need to find a way to jump back on. As much as you might resent work, and you might have 0 motivation to do anything productive towards it, there’s absolutely no way you can escape the working life. Until you reach retirement age, you need to make the most of the career that you choose, both with job satisfaction, and with the money you’re able to make from it. Don’t settle for second best with your career, push yourself to find better, and enjoy the work that you do. So, whether you’re out of work at the minute, or whether you’re just finding it hard to stay motivated, we’ve got some great tips that should help you get back on the working saddle.

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Easy Going Jobs

If you want an easy going job, there’s plenty out there for you. Some people can find the roles that are slightly more easy going boring, but others prefer less stress, and roles where perhaps being your own boss is sort of the vibe. So, if you want something that’s pretty easy going, you could think about going into marketing. Marketing is a really exciting industry to be in, and boy can you make a lot of money from it. A lot of companies will ask for a degree or experience of some sort, but if you were to go in as a trainee you could work yourself up. Another role that would just allow you to plod along is a truck driving job. Long haul truck driving jobs have the potential to take you all over the world, and allow you to be with your own thoughts for a lot of the day. It’s such a relaxing job, because other than the deadlines that you need to try and meet, you’re pretty much just riding solo. It’s an easy life, and the pay is pretty good too!

Finding Some Motivation

If you want to get back on the working saddle, you’re going to have to find a bit of motivation to go and do it. If you’re out of work at the minute, try going back part time. It’s not as intense as going back full time, but you still get a feel from the working world and what it would require from you. If you have a job, but you just can’t be bothered to do it, you might benefit from switching roles entirely. As long as that process is, at least you’re going to something that will be fresh and exciting.

For Those Who Like A Challenge

There are plenty of careers out there for those of you who like a challenge. You’ve got roles such as teaching that really test people. It’s not all about walking into a classroom and teaching a lesson. There’s so much prep, marking, and meetings to be had. It’s an exciting role, a rewarding role, but one that will really test your mental abilities. So, think of careers along this line, and we guarantee you’ll feel tested!

Is A Forex Trading Business Right For You?

More and more people who want to become wealthy are realizing that trading with Forex is a great way to do so. However, for beginners especially this can be confusing and time consuming. Starting a trading business can be amazing providing you’re willing to put in the time and effort to learn what you need to learn and stay ahead of changes in the market.

Why would you even want to start a Forex trading business? There are many advantages:

• The forex market operates round the clock (the stock market does not).

• The forex enables margin trading. This means that you can buy currencies worth thousands of dollars though you may have only less than $100. This is not something people can do with stock trading.

• It is not possible for anyone to manipulate the forex market.

Here, we’re going to look at whether a Forex trading business is right for you. Read on to learn more:

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Work With An Expert To Get Down The Basics

While there are plenty of resources and videos online, teaching yourself the basics can be very difficult if you are a complete beginner. You’ll want to look for a reliable, and trustworthy expert that can help you to understand the basics, such as the CMC Markets. Read up as much as you can, and don’t forget to attend webinars and seminars. Get into a learning/growth mindset and aim to take in as much as you possibly can about this industry.

Make Sure You Have The Cash

Luckily, you don’t need a fortune to get started. You can usually open an account with around $10, and then use your bonus to make trades. However, it’s a good idea to have around $1000 as a buffer for when you incur losses. They happen to everybody and cannot be avoided completely.

Choosing A Reliable Forex Broker

There are multiple online platforms you can use for Forex trading. Working with a reliable broker will help you to reach your trading goals faster. Read user reviews, check out your trading options, ask an expert, and read the terms and conditions to make sure you find the right one.

Try Out A Demo Account

A demo account will help you to figure out whether this is a venture for you or not without risking your cash. A virtual account will prepare you for the real thing, but pay attention to how long you’ll have the account, as there may be a time limit. You’ll be able to adopt different trading strategies here to see what works for you and decipher your own style before using the real deal.

Knowing your own trading personality at this stage is crucial, so pay close attention. You can then find the right approach, but be warned that if nothing really feels comfortable to you, a Forex trading business may not be the right option for you.

Learning To Accept Your Losses

Accepting losses can be tough for people who don’t like to lose. However, this is nigh on impossible to avoid. Being able to take manageable losses is all part of this business. You may have a series of winning trades, but they could all be wiped out if you let this go on for too long. It’s normal to let it get to you in the beginning, but you need to develop a thick skin and become immune to it. If you can’t do this, then the business may not be for you.

Having Patience

Being patient enough to wait for the right trade can also be a big part of the Forex trading business. You’ll also need to have patience to get big returns, as this can take years of learning the ropes before you are making a decent living. Many people put in hard graft day in day out, and still spend years waiting for their hard work to pay off. Can you do this? Being reckless with your trades and your cash will only land you in hot water – this is not what being a good trader is about.

Conclusion:

Do you think a Forex trading business is right for you? Hopefully these pointers have shed some light on the situation and helped you to figure out if you should give it a go. Using a virtual account to test out strategies can help you to get a real feel for the market before you use your real cash, so make sure you do that first.