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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Common Mistakes Made On Linkedin

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On January 26, 2022

In Education, Leadership, Nicholas Fainlight

LinkedIn has rapidly become a powerful business networking tool with over seven hundred million users worldwide. It is now the world’s most powerful site for executive searches and career development, allowing both employees and employers to find and connect. Users tend to make common mistakes with their profiles, leading to missed opportunities. The following are common mistakes that you must avoid to grow your connections count and advance in your career using Linkedin:

A Linkedin Profile With No Picture

Many people forget about this step and end up with an empty profile image section. Your picture is part of your identity and makes your profile attract other users. Failing to include your picture is a huge mistake since it’s hard to make business contacts with someone who has no picture. Most people are visual beings, so if your face isn’t on Linkedin, your profile looks empty to them, and they will not be likely to engage with it.

An Unprofessional Photo

A professional headshot is best for this section. If you have a group photo of your friends or family, it will be difficult to identify yourself on the picture. Still, this kind of image is considered unprofessional by most people. According to statistics, other users are more likely to engage with you if your profile picture is professional.

No Personal URL

Adding a personal URL to your Linkedin profile is an easy way to make your profile stand out. It allows you to promote your professional website on Linkedin but remember to keep this URL exclusive for LinkedIn and don’t link it with any other site or social platforms. The URL makes a profile to be easily shared, which is a way of promoting yourself.

Lackluster Headline

Remember that your Linkedin profile is an asset and your headline is the first thing people see on your profile, so you need to make it count. It should simply and concisely state what you do and be relevant to the industry of your choice. Avoid using clichés and lengthy headlines, which will only discourage other users from engaging with your profile.

The Wrong Job and Skills Title

This mistake is probably one of the most common found in Linkedin profiles. When you are unsure what to put, keep it simple and relevant. For instance, if you are currently unemployed or doing some freelance work on the side, instead of putting seeker. Being specific is the key to making employers or other users understand you better.

When managed correctly, a LinkedIn profile is an asset that will pay off in the long term and help you succeed in your career. If you avoid these common mistakes and keep your profile accurate and concise, it will help people notice you.

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Healthcare Tech Trends to Watch For in 2022

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On January 26, 2022

In health, Investing, Leadership, Nicholas Fainlight, Technology

Healthcare is a rapidly changing industry, and that’s for a good reason. Technology is making it easier to provide care in more rural areas with telemedicine, while also providing cheaper healthcare services in cities. As technology continues to change the way people live their lives, so too will it change the way they receive medical treatment. Here are four healthcare tech trends to watch for in 2022:

Advanced Precision Medicine

Precision medicine is a form of treatment that uses information about a person’s genes, environment, and lifestyle to prevent, diagnose, and treat diseases. This type of medicine is still in its early stages, but it has the potential to revolutionize how we treat cancer and other diseases. In 2022, precision medicine will become even more advanced, with the ability to target specific cells within the body. This will allow doctors to treat diseases more effectively and with fewer side effects. Precision medicine is also being used to develop new vaccines and treatments for rare diseases.

Healthy Systems Will Adopt Cloud-Based Systems

One of the biggest challenges for healthcare organizations is storing, managing, and protecting patient data. This information can be sensitive, so hospitals must ensure they have secure storage facilities. However, this means investing time and money into data management infrastructure instead of focusing on their core business function: treating patients. In 2022, more healthcare organizations will adopt cloud systems to store and manage patient data.

Increased AI Adoption

Artificial intelligence (AI) will play a more significant role in healthcare in 2022. AI can help doctors make faster and more accurate diagnoses, while also helping them to reduce the number of unnecessary tests they prescribe to patients. Similarly, AI can be used to predict which patients are likely to develop chronic conditions like diabetes or heart disease. It can then provide personalized treatment plans that will help them manage these diseases before they progress into something more serious.

Digitization of Healthcare Specialties

In 2022, healthcare will be even more digitized. This means that doctors and other healthcare professionals will rely increasingly on digital tools to help them with their work. For example, surgeons will use virtual reality to practice surgeries before performing them on patients. Nurses will use mobile apps to track patient vital signs and medication schedules. Pharmacists will use digital tools to identify drug interactions and recommend alternative medications.

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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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