Tag: advice

4 Hard Truths About Business

On December 4, 2020

In Career, Finance, Investing, Nicholas Fainlight

In business, being honest is crucial to everyone’s success and prosperity. Having the truths laid out in front of you can be incredibly disheartening, but it can also provide you with excellent insights, preparation, and ideas for furthering your business yourself.

Being honest with each other is the first step to being honest with ourselves, and to that end here are some hard but powerful truths about starting a business.

Crazy is Good

Risk-taking is one of the most important things that entrepreneurs can do. Risk is something most people tend to avoid, but without a healthy risk there isn’t much to be gained.

What’s more, many entrepreneurs aim for ‘market disruption’ – flipping the table of industry standards in order to form a new standard. A new standard that they will be the leaders of. These are crazy things to pursue, but they are the foundation of good entrepreneurship.

Your Chances are Bad

Nearly every trust-fund baby with half a clue will be trying to do the exact same things that you will be doing. But these kinds of established or well-funded entrepreneurs likely have less risk because of their positions.

This makes your chances far worse – you won’t have as many chances at success as many others. And there are many, MANY other entrepreneurs out there.

Embrace Failure

Success will take time and effort, as well as a few attempts. The likelihood of achieving success with your first business idea, no matter how much of a golden goose it seems, is incredibly slim.

Embrace the experience of watching a business fail, and learn everything you can as you go through it. Learning from failure, embracing it, is the most important trait of successful entrepreneurs.

Money Only Means So Much

Hitting it rich shouldn’t be your only goal in business. Ironically, if you pursue other things while being an entrepreneur, you might be more successful than if money was your only drive.

Being driven, motivated, and dedicated to your business is absolutely critical, and you should focus on developing other motivations – whether it’s the business itself, the people it supports, or having something that allows you to exercise your brain.

Ways Working From Home Can Cause A Team To Be More Proactive

By Nicholas Fainlight

On November 4, 2020

In Career, Nicholas Fainlight, Uncategorized

As technology advanced, companies began to question whether they should set up their employees to work from home. But, once the health of their employees became a national issue, many companies had no choice but to allow this arrangement. Although it may seem that employees will become less aggressive about their duties, that won’t be the case. Here are the ways working from home will make their team more proactive.

Increased Performance

Managers and supervisors often feel they have to make their presence and opinion known to their staff throughout the day. They do this in hopes it will keep employees from slacking off on the work that needs to get done. But, when employees are constantly observed and critiqued, it causes them to work in response to your actions rather than by their initiative.

Working from home gives them more opportunities to make choices for themselves. And, it empowers them to tackle issues without interference. With the weight of reaching their goals lying more on their shoulders than before, they will rise to the occasion and perform better. Also, because they will feel appreciation for your trust, your team becomes dedicated to efficiently handling their time and goals.

Increased Productivity

Whenever your staff can predict how every day, week, and month will go, they will become bored with their work. It can be hard for them to continue with proactiveness when there are no longer any challenges with getting their work done. Your team won’t maintain productivity when there is no variety with their responsibilities.

A home-based office takes away monotonous tasks like a daily commute and getting dressed, so more time and energy is given to genuine work tasks. Without being in a traditional office, employees may be able to use unconventional tactics to make their day more interesting. They will have to find their ways to keep themselves comfortable and motivated. Just the challenge of being productive while at home stirs up their creativity and problem-solving techniques to be more productive.

Increased Talent

In traditional settings, management can evaluate the skill level of their staff during performance reviews. The normal rhythm of the year will stay in place until that season comes about. But while working from home, supervisors can see their teams in a new way.

The unexpected curve-balls of a home setup will highlight what each team member is better at than others. Plus, the management team will have less distraction so they can better see how each team member behaves.

Boosting Sales Through Blogging

By Nicholas Fainlight

On November 4, 2020

In Career, Nicholas Fainlight, Uncategorized

The world of social media is a big and broad one. However, there are some constants out there. One of them is blogging, which remains a highly useful and relevant way of boosting your sales.

So, what are the benefits of blogging, and how is it worth the time and investment? Here are some thoughts.

Expert Positioning

Blogging gives you a chance to discuss a highly relevant topic in your industry, share your expertise, and give advice on a particular topic. This is about much more than just showing off or looking smart, as it gives you a chance to subtly demonstrate your expertise. This means that you can position yourself as a leader in your field and ensure that people will return to you or your business if they require your industry’s services.

Search Engine Optimization & Social Network Placement

Here’s a simple truth when it comes to Google: Search Engine Optimization is critical. This means that you must do everything in your power to create content that is useful, engaging, and relevant to your line of work.

Blogging is fantastic for that. Google loves frequently updated content, so the more content you can create, the higher your SEO will rank. This means that people who are looking for your line of work are more likely to find your blog, and this makes it more likely that they will find your website.

Furthermore, creating good content makes it more likely that your content will be shared on social networks by others. This is a great way of getting more exposure, and potentially increasing your sales.

Effective (and subtle) Calls To Action

When creating good content, you shouldn’t be overly sales-oriented. Indeed, broadly speaking, you shouldn’t sell too frequently on your blog, as this turns people off and makes them less likely to read your content.

However, that’s not to say that you shouldn’t have a Call to Action. This means that every blog entry should conclude with some sort of action the user should take, and an easy way to commit that action. It may be “read more” or “subscribe to our email list,” but every blog entry should conclude with a specific action that a user should take.

6 Tips for Dealing with Life After College

By Nicholas Fainlight

On December 13, 2017

In Career, Nicholas Fainlight

No matter how ready you think you are, graduating from college and firmly entering the adult world can be jarring. You might be heading off to grad school, but even then, you’ll eventually be done with school and no longer in such a structured environment. While being a full-fledged adult is exciting, there are also a lot more responsibilities you’ll realize and you’ll have to take complete control over planning your own future, since you no longer have a clear goal like graduation to work toward and set steps on how to get there.

Accept the changes

The first step to adjusting to life after college is accepting that it’s happening. You’ve been spending most of your life working toward graduation and everything else likely seemed fairly distant. Now, you need to seriously think about a job, your career, professional opportunities, what you want to do in the near and far future, and how to achieve those goals. You’re soon going to be financially responsible for yourself (if you aren’t already) and you may be getting married and starting a family sooner than you think. Acknowledge these changes are all possible and begin planning.

Find a routine

Something that’ll keep you sane now that you’re out of college is creating a solid routine. Try to go to bed and get up around the same time, make consistent plans with friends, and consider regular workout times or something else. As long as you have a routine, you’ll have something to rely on and keep you focused.

Make a plan

After you’ve gotten used to no longer being in college, it’s time to make a plan about what you want your next steps to be. What kind of career do you want in the long run? Where do you want to live? Do you want to buy a car or a house? Begin crafting one, five, or ten years plans and you’ll feel a bit more in control of your future.

Prioritize

While in college, it’s completely normal to frequently multitask and juggle various responsibilities like class, work, socializing, video games, and clubs, but once you’re out of college, it’s harder to do so many things. One big reason is you are now spending a significant amount of time each day at a job (hopefully), so you don’t have the short breaks you used to enjoy between classes. Realize this reality and instead prioritize what you want to do outside of work. Do you want to go to the gym or go home and watch television? Do you want to get dinner with your friends or run some errands? These decisions are very real out of college.

Create a support system

You might no longer live next door to your best friends and you might work somewhere far away from your family. However, it’s important to create a strong support system. Make new connections with coworkers or other people where you live or reconnect with people in the area if you moved back home. Regularly talk to your friends from college and your family, even if you can’t see them often.

Take care of yourself

Finally, make sure you’re taking care of yourself. You’ll have to adjust to a new schedule and phase of your life and it’s going to be stressful. Give yourself time to sleep each night, eat healthy, drink lots of water, and get regular exercise. Avoid becoming burned out or too stressed at your job and take some time to do something you enjoy each day.

Piece of paper with a graph on it sitting on a table, image used for Nicholas Fainlight blog about learning to invest

How to Teach Yourself About Investing

By Nicholas Fainlight

On October 24, 2017

In Finance, Investing, Nicholas Fainlight, Technology

Far too many people are unaware of the basics of investing, even though it’s one of the best ways to build your wealth. Public schools do not teach anything about it and if you go to college, you really only learn about investing if you take business or finance courses. This lack of knowledge leads to people shying away from investing and relying on a steady and reliable source of income. They often view the stock market as a way to simply lose money, especially if they lack basic knowledge about investing. This viewpoint is completely understandable, but not one you should subscribe to. If you know nothing about investing, it’s never too late to learn! Here are some ways you can teach yourself more about investing and get ready to start a portfolio of your own!

Take a look at your finances

The first step you’ll need to take is examining your finances and determining how much money you want to put into investments. If you’re heavily in debt or have no savings, you should take care of those issues before attempting to invest large amounts of money. Get an accurate picture of your finances so you know how much you have available to invest.

Learn the basics

When you first begin looking at everything that goes into the markets and investing, it can feel overwhelming. People spend years trying to learn the secret to investment success. Instead of feeling intimidated by these approaches, simply start by learning the basics of investing. Learn what different terms mean and how creating an investment portfolio works. But, don’t take too long; the sooner you begin investing, the better!

Check out online resources

After you feel like you have a basic understanding of investing, it’s time to start learning about the different approaches people take and cultivate a deeper understanding of the market. A great place to look is online, because there’s a seemingly endless amount of online resources, such as ebooks, blogs, podcasts, and many websites that offer expert advice. Check out the credentials of a source before believing everything you read, but most information on investing can be useful, even to just teach you what not to do.

Find experienced people

You might know someone who’s a financial advisor or who spends a lot of time following the market and knows about investing. These are the people you should talk to. Even if you don’t personally know anyone like this, you can certainly find a forum or website where you can chat with someone who can give you actual advice about investing.

Set your goals

Before you actually start investing, take a bit of time to set your individual goals. How much money do you want to invest? Why are you investing? What return do you hope to see? People invest for different reasons, not simply to generate wealth. Once you’ve decided what your individual goals are, you can start investing.

Start small

As you begin your journey as an investor, remember to first start small. You definitely shouldn’t take your entire savings account and invest in high risk stocks; use a smaller, manageable amount first and invest smart. Research the best types of stocks and start out with moderate risk.