Nicholas Fainlight | Business Development Associate, Hartford, CT

Nicholas Fainlight is an aspiring finance professional.

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What Are The Biggest Tech Trends To Look For In 2022?

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On March 21, 2022

In Leadership, Nicholas Fainlight, Technology

With technology advancing at a seemingly exponential rate, it can be difficult to keep up with the latest trends. However, in this blog post, we will take a look at the top personal tech trends for 2022. Some of these trends may seem futuristic, but they are all very real and could have a significant impact on our lives in the near future. So without further ado, let’s get started!

The rise of the metaverse

The metaverse is a digital world that exists parallel to our own. It is a place where people can interact with each other and with digital content in a way that feels realistic and immersive. This trend is being driven by the increasing power and capabilities of virtual reality technology.

The concept of the metaverse has been around for many years, but it is only now starting to become a reality. In 2022, we will see the metaverse start to take shape as more and more people begin to use VR technology to create and explore digital worlds.

A chip shortage

A global chip shortage is currently underway and it is expected to last until at least 2022. This shortage is a result of the increasing demand for electronic devices, which has outstripped the supply of chips. The effects of the chip shortage are already being felt by the electronics industry, and consumers will likely start to see price hikes for devices such as laptops, smartphones, and gaming consoles.

The chip shortage is expected to have a major impact on the personal tech industry in 2022. Many companies will be forced to delay or cancel new product launches, and price increases are likely to become the norm.

The death of the smartphone

The smartphone is one of the most ubiquitous devices in the world, but its days may be numbered. In 2022, we will start to see the first signs of the demise of the smartphone as new technologies begin to take their place.

One of these new technologies is foldable phones. These devices are already available, but they are still very expensive. In 2022, we will see the price of foldable phones start to come down, making them more accessible to the average consumer.

Final Thoughts

These are just a few of the personal tech trends that we can expect to see in 2022. It is sure to be an exciting year for the industry, and we can’t wait to see what innovations and technologies emerge.

Hard Won Lessons from the Pandemic

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On March 21, 2022

In Career, Leadership, Nicholas Fainlight

The recent pandemic has had a significant impact on the global population. The most-affected countries have seen their economies shrink and populations dwindle due to the virus. But not all countries were affected equally. Some managed to recover from the pandemic.

The Hard-Learned Lessons From Businesses That Survived the Pandemic

1) Keep an eye on the bottom line – A company’s priority is always profit. Still, it becomes even more important to focus on the money coming into and going out of your business in times of crisis. It’s imperative not to lose sight of financial management during periods of crisis because doing so can lead to bankruptcy if things worsen.

2) Businesses can take advantage of political shifts. During times of crisis, governments may be more open to partnering with businesses or providing incentives for companies to implement better practices to boost economic health. Governments may also offer tax breaks or other incentives for companies that invest in areas like renewable resources.

3) Grow a solid customer base – One key lesson from businesses that survived the pandemic was how important it was to have a solid customer base. Many companies that could recover did so because they had loyal customers willing to put up with shortages and difficulties to continue supporting their favorite brands.

4) Diversify your portfolio – Most people are only familiar with “survival” strategies for making it through tough times. Still, this pandemic taught us that different designs are necessary for recovering from a disaster, too.

5) Keeping your employee’s morale high by taking care of them as they care for you. It is important to do your best to keep them healthy in their workplace.

6) Prepare for the worst. The Covid pandemic was swift and sudden. Though it would be challenging to prepare for an event like Covid, it is possible. Think about what you need and what you would want if the situation arose.

Businesses that recovered from this disaster took a variety of approaches. Some diversified their portfolio by expanding into new markets or investing in renewable resources; others used social media campaigns and advertising campaigns as ways to get their message out and grow sales even when they couldn’t.

Nicholas Fainlight Emotional Wellness at Work

Emotional Wellness at Work

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On February 24, 2022

In Career, Leadership, Nicholas Fainlight

During the pandemic caused by the Covid-19 disease, around half of US workers admitted to experiencing mental health issues. Leaders are certainly not immune to this experience amidst the challenges of running a business. However, the reality is that without a healthy and psychologically sound leader, an enterprise cannot thrive. Take some time to focus on the emotional wellness of your team.

 

Many people have experienced both ups and downs with emotional health and have learned to manage it better. Two critical practices used are transparency and ownership. It’s natural to focus on the good in life. However, ignoring the bad can allow stress and anxiety to build beneath the surface. Encourage your employees to express frustrations and stressful situations. Excessive negativity isn’t helpful either, but if you promote an environment where people are afraid to be anything less than positive, you might end up with employees harboring resentment.

 

Being Transparent

Keep your employees in the loop about developments in the company that might affect them. Pandemic effects have led many companies to downsize and change processes, and employees don’t want to learn about these things at the last minute. Your team is often more intuitive than you think–if the management is stressed, they’ll pick up on it. Rather than letting speculation and anxiety build, communicate with them. Even if you don’t have answers or details, just acknowledging that things are stressful and uncertain will help them feel heard.

 

Taking Ownership

The second key to keeping good mental health is taking responsibility for what goes wrong. When things go wrong, leaders are those who take ownership. As a leader, you have to own up to your mistakes and learn from them. It motivates leaders to hire people with integrity and create companies that excel by attracting and keeping talented individuals.

As a leader, inevitably, you will make decisions that don’t play out as expected. Whether you snap at an employee or make a catastrophic business decision, you must own up to your mistakes and apologize to the people affected. You set the tone of your team, so if you aren’t being honest and taking responsibility for your actions, your team probably won’t either.

These two steps will help you foster a healthy emotional environment in your workplace.

 

Nicholas Fainlight Understanding AI in Healthcare

Understanding AI in Healthcare

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On February 24, 2022

In Career, Nicholas Fainlight, Technology

Technological innovation in healthcare can make drastic improvements in the care patients receive. Co-founder and CEO of Penumbra Inc., a global healthcare company, talks about his top tips for making healthcare more effective through technology. Being able to invent and develop new products is essential when addressing the complex needs of patients. Doing so could help your company stand out from the competition or allow it to provide new and more effective solutions.

Penumbra’s technology has been shown to improve the quality of life for patients suffering from vascular disorders. The company was founded in 2004 to develop a way to remove blood clots from the brain effectively. Currently, treating these clots with anticoagulation medication can lead to severe complications. Penumbra’s technology offers a revolutionary alternative.

Through its commitment to improving the quality of life for people, Penumbra sees the potential of immersive healthcare as a way to help millions of individuals. This technology, which is already being used in healthcare, can provide patients with various experiences and support their physical rehabilitation.

As a company that values continuous improvement, Penumbra encourages its employees to try new things and develop new ideas. One of the company’s fundamental values is its belief in its employees. This is evidenced by the way it treats them throughout its projects. Most companies structure their work environments so that it’s difficult for people to come up with new ideas. This can prevent them from developing genuinely revolutionary ideas that drive further breakthroughs. According to Elsesser, cultivating a culture that encourages people to share their thoughts and develop new ones is very important to ensure that the company’s continuous innovation is successful. To achieve this, leaders should regularly hire the best candidates and ensure that the people they hire can contribute to the company’s success.

Sometimes, an idea can be truly transformative, but Elsesser warns that it often takes a long time to develop new ideas due to the various steps needed to get them to fruition. The company’s continuous improvement program is focused on identifying and improving key product lines. This strategy has allowed Penumbra to expand its reach beyond the acute stroke intervention space and into other areas such as rehabilitation and physical therapy.

 

Nicholas Fainlight Are These Obstacles Holding you Back from Success?

Are These Obstacles Holding you Back from Success?

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On February 24, 2022

In Career, Leadership, Nicholas Fainlight

Some obstacles prevent people from becoming influential leaders.

Exceptional leadership can build an outstanding business, but doing it effectively requires a lot of planning and discipline. A leader is expected to keep his team motivated, but helping them stay positive can be challenging. You also have to be able to connect with others.

 

Not Having a Set Purpose or Goal

One of the most effective ways to motivate people is to have a clear purpose and set goals. This can be communicated clearly to the team and the people around you, and it can ignite passion and drive them to reach their potential. Each team member has their individual talents and personal interests. This makes it hard to maintain a cohesive and well-defined team vision if you can’t unite everyone around a common goal. Disharmony can then develop quickly, which can derail projects and cause long-term damage.

 

No Connections Outside of Work

Team building and training are also powerful tools to help unify and bond your employees. Having an event or two can help break down barriers and provide employees with opportunities to connect and learn new skills, enabling them to collaborate more effectively. It’s possible to get carried away with too much control over everyone and over-focusing on work-related topics. This can be counterproductive, preventing people from learning and growing and increasing stress levels.

 

Not Delegating Tasks

Instead of focusing on your personal to-do lists, take a moment to consider what tasks you can delegate to employees. Doing so can help you get more done and motivate them by entrusting them with tasks outside their regular routine. It’s also important to remember that as a leader, you’re expected to provide the people with the training and resources they need to complete the tasks, so make sure you equip your team with what they need for any new projects.

 

Poor Communication

Communication is key to team success, but it also has to be reciprocal. The people must feel that their concerns will be addressed and that they can express themselves freely. A good culture is also influential in attracting and keeping top talent. It should encourage a positive attitude and foster people committed to continuous growth. Leaders can also help promote this environment by providing opportunities for team members to celebrate and motivate each other.

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Side Hustles You Can Do From Home

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On January 26, 2022

In Career, Education, Leadership, Nicholas Fainlight

Get Your Hustle On

It has been reported that over 45% of Americans have their own side hustle. This is a huge number, and this means that it is quite possible for anyone to have a successful side hustle from home. What exactly is a side hustle? A side hustle is a job that you do on your own apart from the job where you make the majority of your income. The great thing about a side hustle is that it can eventually turn into a full-time job. Generally, a side hustle can be an interest that a person has on the side, or it can be a special skill that a person has acquired. There are plenty of great side hustles that can be done directly from home.

Sign Language Interpreter

Sign language interpreters are needed all over. Deaf folks need to be able to communicate freely, so they leverage the skills of a sign language interpreter. Sign language interpreters can work directly from home as long as they have the platform to be able to do a video phone call. Depending on what state that a person is located in, extra training may be needed, but sign language skills can be extremely helpful as a side hustle.

Freelance Writing

Ghostwriting can be a great way to make extra income. A ghostwriter is a person who writes about different topics according to the client’s needs. Ghost riders can be used for SEO purposes, and they also can be used for blogs. There are several classes that a person can take in order to improve on writing and grammar skills. Good writing skills are highly desirable, and apart from freelance writing, there are professionals who are looking for copywriters and grammar experts as well.

Taking Surveys

Surveys are another great way to earn money as a side hustle. Brands need to improve on their products and services, and by going to certain platforms, it is easy to take surveys about those items. Surveys can pay anything from pennies to hundreds of dollars, and they can be taken any time of the day.

Get on Board with a Side Hustle

Apart from the side hustle that I mentioned here, there are hundreds of other side hustles that have yet to be invented. Wherever there is a need, a side hustle can come in and take care of it. Since so many Americans have gotten hip to the value of owning their own businesses on the side, there are more and more opportunities opening every day for savvy innovators.

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2022 Small Business Trends to Watch for

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On December 22, 2021

In Uncategorized

This year has come and gone in an instant. Now that 2022 is almost here, many businesses are ready for a fresh start and some new trends. As the new year begins, it’s time to look back at the various business trends that happened in 2021 and what will emerge next year. Most of these are likely staying around for at least another year or more.

E-commerce Will Continue To Thrive

E-commerce is a great way to start a business without having to open a storefront.

E-commerce is becoming more prevalent as businesses look to expand their operations. It allows them to connect with their customers wherever they are and without them having to go to a physical store. Many of the trends that emerged during the pandemic were related to how businesses would adapt to survive.

Remote Work Will Stick Around

Remote work is here to stay. It’s still very much alive and well, and it has plenty of advantages for employers. In the last year and a half, the pandemic wiped out half of the workforce. In 2021, around half of employees worked from home due to the pandemic.

Communication Applications Will Gain Importance

Communication tools and apps can help a company’s employees work remotely with ease. A good communication strategy is a must if you want to make your work life more productive. It can help avoid poor collaborations and even workplace drama.

Cashless Payments Will Become Standard

Cash used to be king. But, in recent years, a new trend has emerged where people are using electronic payments instead. As technology advances, more businesses will be able to accept cashless payment methods. This means that you may no longer be able to rely on traditional methods to satisfy your customers.

More Virtual Events Will Be Held

If you’re planning on holding an event in 2022, chances are that it will be held virtually. Or, at least, slightly online. As for virtual events, it is predicted that they will become a hot trend in 2022 because of Covid. Not only are they cheaper than traditional events, but they can also help expand a company’s reach.

Video Marketing Will Expand

One of the most significant changes in the way marketing is done is the rise of video marketing. It’s a trend that will continue to dominate the industry for the next year or two. Video marketing is a great way for businesses to get noticed and grow. It’s full of perks and opportunities for owners.

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Inspiring Business Documentaries to Watch

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On September 23, 2021

In Career, Investing, Leadership, Nicholas Fainlight

We all know that business is tough, and sometimes we need a little inspiration to keep going. Luckily for us, there are plenty of inspiring documentaries out there on the subject. Whether you want to learn more about how other businesses succeed or need some motivation, these 6 documentaries will give you what you need.

Searching for Sugar Man

This documentary tells the story of two men who set out to find Sixto Rodriguez, an American singer-songwriter that they had heard rumors about. The film explores how this man became a music superstar in South Africa while his own countrymen knew nothing. This is sure to inspire anyone struggling with their art.

An Inconvenient Truth

This documentary follows former Vice President Al Gore as he shares his concerns about global warming. While it may not be specifically about business, this film will certainly inspire you to think more responsibly and leave a positive impact on the world around you.

The Corporation

This film explores the nature of corporations and how they tend to put their own interests above all else. This is great for business students who want to learn more about corporate culture or those in positions of power in big businesses. It’s sure to give you some food for thought on your career path.

Enron: The Smartest Guys in the Room

This is a great documentary for those interested in business history. It follows Enron, one of America’s largest energy companies, as it begins to crumble after its shady practices are revealed. This film will show you how quickly things can go wrong and inspire you to be more honest when dealing with business.

Everything is a Remix

This film describes the history of remixing, especially in relation to media such as movies and music. It also argues that everything builds off of something else, so we should all be more open about our work with each other. This documentary shows how powerful collaboration can be for business people who are willing to share their ideas.

Capitalism: A Love Story

This documentary explores the modern state of capitalism and how it has changed over the years, especially since President Reagan took office. It also looks at some other ways people are trying to improve our financial system to benefit society as a whole rather than just privileged individuals. This is sure to inspire you if you want to have a positive impact on our world.

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Great Business Books to Read Following the Pandemic

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On August 24, 2021

In Career, Education, Finance, Investing, Leadership, Nicholas Fainlight

Last year’s pandemic made running a business harder than it’s ever been. Even with government aid, business owners had no time to cope with their new way of living, causing over 100,000 small businesses to close for good. As the pandemic finally reaches its close, businesses are facing a promising future. This new future isn’t without its challenges, such as providing new strategies to help businesses succeed in the post-pandemic world. Below is a list of books designed to help business owners cope with new challenges after Covid.

Humor, Seriously: Why Humor Is a Secret Weapon in Business and Life (And how anyone can harness it. Even you.)

Everyone’s had a rough year with Covid and politics. Tensions are high, and what better way to combat that with a little bit of humor? This book explains why humor is important in the workplace and how business owners can apply it to their own company.

Lives of the Stoics: The Art of Living from Zeno to Marcus Aurelius

If anything the pandemic has taught everyone, it’s that they need to be tougher in this unpredictable world. Self-discipline is key to facing new challenges facing business owners, and this book gives a complete guide on the history and application of Stoicism.

Digital Body Language: How to Build Trust and Connection, No Matter the Distance

The pandemic has taught everyone a new way to do business, and that’s through the use of digital means. If someone wants to work remotely, that can happen. However, without that face-to-face value, building trust and communication is more difficult. This book teaches how to cope with not having employees around anymore to talk with, leading to a more successful business.

Remote Work Revolution: Succeeding from Anywhere

Remote work is still a staple after the pandemic. It opened a new way for employees to work for businesses, and it turns out that it’s very effective. Whether this trend will disappear with the pandemic or not, it’s still a good idea to learn the ropes of succeeding in a remote working environment.

No one knows exactly what the future is for businesses. So it’s best for business owners to equip themselves for anything. Whether it be another pandemic or if they want their business to go in a new direction, these books are here to help.

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How Public Relations Still Plays a Role in Social Media

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On July 27, 2021

In Career, Finance, Investing, Leadership, Nicholas Fainlight, Technology

Most organizations have a well-structured public relations policy that has proven to be a more direct and result-generating channel for communicating with their stakeholders and getting almost instant feedback.

Before the advent of online and social media acceptance and robust growth, the otherwise accepted description of public relations relied primarily on contact and traditional modes of relations. It has, however, drastically shifted, with a lot of focus being directed towards social media. In this context, social media refers to the mainstream platforms that allow for remote interactions with an almost instant feel regarding interaction.

The exponential growth of social media

Social media has onboarded close to 4 billion users through the various platforms available to them, providing the various organizations a deep and ever-expanding pool of potential clients. A growing number of organizations have mastered the art of intertwining public relations with social media through their various interfaces that include mainstream avenues Like Facebook, Twitter, and YouTube.

As of the end of the first quarter of 2021, internet accessibility was reported at 65 % of the world population, further compounding the overall penetration of social media. Organizations that have capitalized on their social media handles to drive their public relations policies are deemed to have a better reach and are better positioned to engage their current and potential stakeholders directly.

The case for public relations in social media

In general, public relations and social media have proven to be inseparable and to portend insurmountable synergy looking into the future. The necessity is of immense importance to the policymakers of organizations and businesses across the various levels. Under normal circumstances, the earlier the adoption, the stronger the foundation that the institutions can establish.

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