While there are plenty of ingredients that can add up to a delicious recipe, not every dish requires all of them to be a success. Sometimes, all it takes is a few strong ingredients to make the dish.
The same goes with success in the finance industry.
It definitely helps to bring education, experience, and technical skills to the table. However, there are five key traits that are vital for success in finance that can set you apart from all the others who may have the same basic skills, experience, and education:
- Problem Solving: The finance industry is cyclical and has been known to have volatile times along with challenges related to economic downturns. The last economic crisis of 2007-2008 led to a lending drought with very few financing options, a housing market that was dead in the water, and a plummeting stock market. During this time, what helped turn it all around were finance professionals who were good at solving these types of problems. They were able to put their analytical and creative powerws to work to create new finance solutions to help people get back on their feet, save homes, and create new finance vehicles that stimulate startups and small business. Those same skills also help in the best of times.
- Leadership: While you may not be in the coveted senior-level position, you may land there one day, especially if you exhibit exceptional leadership ability early on in your finance career. From working as part of a team or heading up even the smallest project in a department, leadership skills can help the rest of the group focus, communicate, and collaborate in a way that gets things done. Those that step up and take the initiative are the ones who get noticed for future executive roles because they illustrate they are willing to take responsibility if something doesn’t go as planned. That drive, determination and motivation to get others around you to get just as excited and feel motivated to up their productivity is what any industry needs but is especially valued in finance that does need a strong captain to navigate those choppy market waters.
- Integrity: The last decade has been full of stories of financial companies and finance leaders who have shown less than admirable behavior in terms of their decisions and actions. Stakeholders have been turned off by the risky choices and unethical actions that were essentially fueled by pure greed. As the global business environment has moved more toward accountability, transparency, and social responsibility, it is important to have values that put integrity, honesty, and ethics first and profit second. By not making your decisions about the money but about doing the right thing for customers, investors, and employees, you will win admiration for yourself and the company. Plus, you will feel good, knowing you are making honest choices that help others get loans to purchase homes or grow their business. Consumers and businesses want to be able to trust where they bank and invest, and with integrity can help rebuild that.
- Techno-Nut: The financial environment is adapting to the latest technology like so many other industries. There are online platforms, mobile banking, and Big Data among the many other FinTech applications that are permeating this business segment. It’s not just about whether you understand or learn it, but it’s more that you are actually bursting with excitement about all the technology that is now available. Those who wait and worry about the latest technology are the ones left behind in the race for business. However, the techno-nuts who add technology to their business model in a thoughtful way as quickly as possible are the ones who will lead the pack. Never underestimate technology, from the big opportunities on the small mobile screen, to the small technological advances that make a big difference. You will need to be up to speed on everything available that can drive technology into financial processes to illustrate your enthusiasm for technology. Better yet, if you can actually create some of these disruptive financial technologies, then you are a real standout in the crowd of finance professionals.
- Curiosity: Beyond just taking the time to learn more about the finance industry – from the theory to the real-world application – you need to be curious about why things are the way they are and question how they might change. It’s one thing to read a book, watch a seminar, or take a class, but it’s entirely different to be the person asking questions like “Why?” and “Why Not?” To truly help your customer. This also may mean being curious about what others do in the organization and how that impacts finance, or it might involve an interest in consumer behavior to determine its influence on markets, spending, saving, and investing. Curiosity may have killed the cat, but it has given life to the finance professional that has dug deeper or probed specific audiences to get the information that the competition is not even wondering about let alone collecting. Curiosity is essential for solving problems and guiding the team toward developing that breakthrough technology.
These ingredients are great on their own, with each one adding flavor to a finance organization. When combined, the ability to problem solve, lead, leverage integrity, push technology, and be curious create an incredible recipe for financial success for you, as the consummate finance professional, and the organization you represent.
Finding the Right Project Management Software for Your Content Marketing Team
A project management software is a must-have resource for business. There are hundreds of options for your project management software — all promising to do what the others can do, but better. While this may be true, the fact is that some features may not be necessary for your content marketing team. What works for some may not work for others. So, how do you choose the right project management software to suit the specific needs of your content management team, while not paying extra for features your team is never going to use?
The key to a good project management software is in the essentials. You’ll want to make sure that your software has the foundational capabilities to navigate every stage of your content marketing project from beginning to end successfully. Read below for features to look for, as well as some tips for finding the right project management software for your content marketing team.
Features of A Good Project Management Software
Without a proper way of communication, your team won’t work as a cohesive unit. Especially for groups working remotely, constant communication with coworkers is among the most vital of components when working as a team. It is critical that your software has a way for effective communication and maintaining adaptability when problems arise.
Trying to run a content marketing campaign without talking about the crafting, writing, and publishing of your content will be virtually impossible. Furthermore, how are you supposed to know who is handling what project and how far along they are? In any aspect of business, communication is vital, and emails will only get you so far. In many cases, a second form of communication is necessary for instant messaging for the clarification of instructions and problems in real-time.
Another useful tool is Zoho, which can help with many different levels of communication and management in your business. To learn more about this tool, we recommending taking a look at this Zoho projects review from Time Doctor.
The foundation of a functional content marketing team is the ability to collaborate. Creating and publishing content involves the hands and eyes of everyone on your team. So, it is imperative that your project management software has collaborative functions.
Content creation and marketing relies on the sharing of ideas, and this includes file sharing. Email cannot provide the pace in which a content marketing team needs to work on files and pass them back and forth between members. Additionally, email can come with some drawbacks — some people don’t check their email often, files can get lost in inboxes, and other email disasters can happen. In recognition of these drawbacks, your project management software must have the file-sharing capabilities at speeds that can keep up with your team members’ ideas and processes.
No matter what advertising or marketing methods you are exploring, the important thing is that you have a PR and marketing platform that can measure your results. A good example of this would be GoodNoon, which is a PR agency that provides placements into world’s largest publications. This is something that can be approached manually, but without the right connections and moving parts in place, it can end up taking a lot more time than expected.
It is also recommended that you supplement your project management software with a collaborative tool such as Google Docs. Google Docs is an extremely cost-effective app that allows team members to work on the same document, in real-time. With these two tools combined, you can work on a document with a coworker on Google Docs, and send it to another employee through your project management software for them to work on or edit.
Project Management Duties
Other than the functions above, you’ll want to make sure that your project management software performs all of the duties that will keep your content marketing campaign running smoothly. Since there are different project management software, each one puts their flare on the user experience of the functions they provide. However, you’ll want to make sure that your software provides some crucial elements.
First and foremost, your project management software or tool needs to have a working calendar. In the process of content creation and marketing, there are deadlines to meet, and you don’t want projects to be constantly up in the air. The firm tracking of dates to remember is vital in any business operation, and your content marketing campaign is no different.
Marking the priority, and the ability to assign tasks to others is another part of a content marketing team’s processes. Facilitating effective time management, understanding the priority of upcoming tasks can keep your team members in the loop. During the creative process of content creation, it is good to know how much time you have to work on a project while acknowledging projects that you have to get started on shortly.
QuickBooks illustrates the importance and convenience of a project management software, saying that “with a project management tool, you won’t need to ask your employees for that one email or the status of that one project. All ongoing and completed work—along with all relevant information—will be instantly accessible.” So, make sure your software can let a team member work on a task, mark it as urgent, and notify the next team member that the project needs to be at the top of their list. This function will elevate time management and productivity levels while avoiding confusion.
Tips For Finding The Right Project Management Software
Deciding how much you want to spend on your project management software is tricky. Of course, you want to provide the best tools for your content management team, but you’d also like to be cost-efficient. Things to consider when calculating the cost of your software are how well it performs necessary duties, alternative software, and your team’s feedback on the software you’re considering to go with.
You don’t want to be paying for extra features that are going to be seldom used or little understood by your teammates. So, make sure you try out and do your research on other project management software and listen to your team’s feedback.
How else are you going to find out exactly what you need in a project management software than to try out all of your options? You wouldn’t blindly buy a car without doing your research first, would you? While a project management software is not as expensive as a car, it will save you time, money, and frustration to take the time to make sure you are going with the right one.
There are many options for a project management software, and all come with different ways to perform the same tasks or offer different functions entirely. Your object here is to see how well the user experience and services offered corresponds with your content marketing objectives and team member preferences.
Get Feedback From Your Team
Your team’s input on the project management software you are considering could ultimately make your decision for you. If your team doesn’t like or understand the software you are thinking of choosing, it is in everyone’s best interest to go with another software — rather than spending the time and money trying to learn and deal with software that no one likes or understands. User experience is subjective to the people using the software, as well as the tasks you will be performing. If the software you are considering doesn’t fit your content marketing team’s goals or preferences, don’t waste the money on buying it.
Additionally, listening to your team’s opinion will illuminate some function of a project management software that you will lean on heavily and some that you may not use at all. Why pay the extra money for things you won’t use, or waste the money on software that doesn’t carry out the functions you need it to? Your team’s feedback will be valuable during your decision to choose a project management software.
Finding the right project management software is a decision that can make or break your content marketing campaign. Instead of wasting time and money, your team could be on its way to creating some very compelling content and marketing strategies. The information above will help you get started on your way to finding the perfect project management software for you and your team.
Scaling Up? Don’t Forget About Employee Retention
There are a lot of important things a startup leader needs to keep track of when their business is scaling up. Sales, marketing, production and other operational processes are all crucial for rapid growth, but don’t forget about the element that drives everything else: your people.
If you don’t focus on retention while scaling up, you run the risk of losing the team members who helped you get to this point in the first place. The high cost of turnover, including the time it takes to hire, onboard and train new employees, will likely set you back and hinder your growth, so make sure your team sticks around.
We asked members of Young Entrepreneur Council what it takes to keep your top talent around as you become a bigger, better company.
1. Spend Quality Time With Them
As your company grows, it is easy to focus on the new people coming in, depriving your loyal employees of quality time. The typical thought here is: “Well, they know what they are doing already, so they don’t need me.” That may be true, but they still want you. The best way to retain employees while scaling your company is to carve out some one-on-one time every month with each of your employees.
2. Listen And Implement
Find out what your employees like about working for your company and, more importantly, what they would like to see improved. Listen to them and actually implement their ideas. Keep up training — most industries evolve over time so your employees should be provided with the appropriate tools to keep up. Treat your employees with respect and show them that they are valued.
3. Offer Retention Bonuses
In industries where talent is in super high demand and job hopping is common, retention bonuses are an effective tool. These bonuses are paid for staying on board for a certain period of time and generally escalate for lengthier periods of time. For instance, offer $1,000 for one year, $2,000 on the second anniversary, etc.
4. Pay Special Attention to Those Who Have Been There Longer
Make sure to recognize the staff members who have been with you for a long time so they never feel unappreciated. People need to feel purpose about what they are doing. When management spends less time working with the veteran staff because they are too busy with new hires, you lose great employees. Spending time with your long-serving staff transfers their positive energy to your new employees.
5. Find Out Why They Stay
Make sure employees know what is expected of them and how they can grow as your company grows. Everyone is familiar with exit interviews, but few conduct stay interviews. Find out why employees who have been with you for awhile have stayed and use this information to improve employee retention. Losing employees on a regular basis costs you time and money, so get to the bottom of why people stay.
6. Reward the Best and Cut the Fat
When you see that your company is growing at a fast rate, you have to prepare your company for it. That means rewarding your best workers and letting go of the least productive. The money you’re paying the slacker will go further when given to the employee who’s already putting in 110%.
7. Set Very Clear Expectations
We have spent a great deal of time creating an employee handbook and fundamentals for our team members to follow. We set expectations upfront with our staff and make sure that they understand what our mission and vision is for the company.
8. Be Transparent And Provide Access to Support and Resources
As your company scales, it’s inevitable that you will face new challenges. It can be easy to lose sight of what’s really important: your team. To scale effectively, maintain a level of transparency and ensure your current employees have access to the support and resources required for achieving success.
9. Promote Internally
Try to promote internally as much as is relevant for your company. Take the time to look at the internal people first and see who is ready for more challenge and responsibility. It will help grow overall morale for people to know that you’ve taken the time and that growth and potential are possible.
10. Improve Your Employee Benefits Package
As your company matures, both early and later stage employees will appreciate more robust benefits like a 401(k) match, generous vacation policies, etc., especially as they compare your benefits package to those at similarly sized companies. Benefits are easier and more equitable to apply to your whole company than individual raises and will have a positive impact on morale and company culture.
11. Make Sure Your Vision Is Aligned With Theirs
The employees who are most likely to stay with you are the ones who share your values and vision for the business. Choosing the right people can help you grow faster and more smoothly as replacing key team members is time consuming. Take a little extra time in the screening and interview process so that you’re sure you find employees who are a perfect fit for your company.
12. Give Employees New Opportunities and Challenges as You Grow
As your company scales, it’s so important to keep employees engaged by informing them of where they fit in with progress and what the overall vision is, and by showing gratitude for their place and role within the company. It’s also necessary to show employees that they have room to grow by keeping them excited and challenged with interesting projects that aid in growth.
13. Foster an Open Relationship Between Managers and Employees
While there isn’t a single solution for employee retention as you grow, one important key is fostering an open relationship between manager and employee, or the departmental manager and their team. Having regular time out of the office is a good way to foster that direct and open dialogue so you or your managers can have a good pulse on issues that may arise.
If you enjoyed this round-up article and actionable tips from experts around the world, I recommend you also take a look at our latest how to start a blog article, with advice and tips from over 82 different experts around the world. Blogging is one of the most effective ways to create content and bring audiences back to your site. Make sure you have a quality blog representing your brand onli
Benefits of a Good Posture for Bloggers
As bloggers, we are the influential marketers and a lot of depends on the content we publish. Being responsible for the content that is circulated throughout the world, we are among those who singlehandedly provide the much-needed information to the readers.
Apart from existing problems like increasing weight and poor eyesight, another recurrent problem we face is poor body posture. Sitting continuously for several hours a day on a chair affect their posture that could lead to numerous health problems, including bones and respiratory issues.
Maintaining a good posture is not just about keeping the spine as straight as possible. Doctors say that managing a good posture means dealing with the two curves at the back. One is maintaining the concave curve starting from the back to the bottom of the spine, and the other is keeping the similar curve from the bottom of the head to the starting of the spine.
The bad thing about us bloggers is that they do not pay attention to their body posture which results in numerous health issues.
To motivate such bloggers, I have listed some of the benefits of having a good body posture.
#1 Prevent Health Issues
The primary problem that poor body posture causes is numerous health complications. Some of them being back pain, improper blood circulation, and slipped disc. One of the worst cases is of having a slipped risk where the back loses the capability of keeping it straight which is why people need to use the slouch to walk. Having a good posture will reduce the chances of suffering from all these diseases.
#2 Improves breathing
Breathing and posture are related to each other. Having back problems means that the person will be inclined towards the front to get relief from the pain it causes. In that scenario, the person may feel difficulty in breathing, and the airflow might not be as smooth as it was before. In addition to that, improper air intake could also result in reduced blood flow which can be increased with a healthy posture.
#3 Decreases Upper Body Strength
One of the highlighting features of the body is the upper body. Most of the people exercise in the gym just to make their top body strong. However, improper body posture will make the upper body weak as it distributes the body weight improperly. This situation leads to increased pressure on the lower body which makes the upper body a lot weaker than before. A good body posture will distribute that weight equally and will keep both the upper and the lower body in good shape.
#4 Boosts Thinking and Concentration
For a blogger, concentration is necessary to convert their thoughts into words. When a blogger is incapable of thinking, then there are very fewer chances that they can write good quality content. When it comes to creativity, the brain needs more oxygen to perform this task. As mentioned above, having good posture boosts the oxygen intake which means that the brain will have more oxygen to function properly.
#5 Decreases Self- Confidence
People with poor body posture are likely to feel less confident than the people with a good posture. The reason behind this could be that people with good posture look attractive than individuals with poor posture. People are allured towards attractive people and start avoiding lesser attractive people which decrease their confidence. One of the worst things that this could result in is giving depression. In a study by San Francisco State University, it was found that people with poor body posture are likely to end up with depression.
#6 Improper Sleeping
Back pain is one of the primary causes of improper sleeping habits among the young adults. Most of the bloggers sit continuously on their chairs without any proper posture which results in back pain. Hardly there will be any person who can sleep when they have any kind of pain in their body.
When bloggers are not able to sleep properly, then there are lesser chances that they can do their work effectively. A good posture reduces that chances of back pain and leads to better sleep. Bloggers could also opt for the Leesa mattress, which is amazingly comfortable, firm, and contours the back perfectly.
A key to a successful blog is creating high quality and engaging content. If a blogger is incapable of concentrating, then there is no chance that they can create better content. A good posture will not only help you in concentrating but also in enhancing their overall personality.
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