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Tayyaba Imran

Successful Business: 7 Golden Rules for Business Success

Last Updated on April 8, 2022 By Tayyaba Imran Leave a Comment

In business, success is the major key that drives people towards making it a landmark. A successful business requires grit and determination. For this purpose, certain rules have to be followed to make it a success.

When it comes to making your business stand out, the key ingredients necessary are careful planning, strategy making, evaluation, and project management.

So, if you want success in your business, follow these 7 golden rules.

Selection of Business Idea

Select your business idea before starting a business. Be careful in selecting your business product. Your company’s mission, vision, and goals will be dependent on your selected idea.

Research your market thoroughly and check the requirements of customers.

The real success of your business is dependent on fulfilling the needs and demands of the audience. It should be like providing a solution to their problems.

It is your business and you are the leader. Bring uniqueness to your idea to benefit the customers.

Commitment To Successful Business

The second most important rule is the commitment to your work, business, and idea. You should be passionate about what you are doing.

Be aware of your qualities; both good and bad. You must be clear of your destination. Because this clarity will direct you towards success.

You will be clear about your vision. More passionate about your work. And more dedicated to your efforts.

Selection of Team

Be careful while selecting a team to work with. They will be equal participants in your successful business. You cannot achieve everything on your own. You will need to surround yourself with team members who share your vision and mission.

Your team must be equally passionate about your business ideas and work phenomenally to make them a success.

Make sure to work with people who provide quality, as that quality would determine the quality of your product.

Be a Source of Motivation

Keep motivating your team members. You have hired them to work with you. A little deed of appreciation and praise can increase their motivation. They will work hard and make more effort.

Trust your team members. You have selected them based on their skills. Now, let them be free and empower them to take initiative.

This way your business will move towards new heights of success with the help of your team members.

Good Network for Business Success

One rule of success is to be in touch with your contemporaries. The network helps you understand the prevalent trends of your industry. You will get to know about the new developments that are being made.

It will help you in attracting investors to your business. A successful business requires good, well-researched homework. And building networks is part of it.

Build Business in Your Style

Remember that it is your business and you own it. You need to stand out from your competition. Therefore, do what you are good at. Bring uniqueness to your business as per your style.

This way, you will build your empire effortlessly. Do take advice from others. Do observe how others made it far in the market. But, follow your path. Be your guide.

Improve Customer Experience

Your whole business is based on the demand for your product. Work hard in satisfying your customers.

Your idea is unique, it’s a solution to people’s problems. But if your customer does not get satisfied with your services, or has a bad experience. Then they are not going to come back.

Therefore, make strategies to fulfill your customer’s demands and make it a lifetime experience for them…in a good way!

Conclusion

These are some basic golden rules for a successful business. Customcornholeboards.com follows many of these rules daily that have helped grow their business. Be sure to follow them as they are essential practices behind business success. It is quite challenging to run a business. But by constant efforts, commitment, and clear vision you can establish your place.

Tayyaba Imran

A psychologist by profession, with a passion for writing and looking for opportunities to reach out to the masses to spread awareness regarding psychology and mental health.

Filed Under: Business

Characteristics of Positive Organizational Culture

Last Updated on January 4, 2022 By Tayyaba Imran Leave a Comment

What is a positive organizational culture?

So, who wants their company featured in the “Best Companies” list? Do you?

But do you know what it takes to be great?

If not, read on to find out.

So, the answer is quite simple. But many are still oblivious to this fact.

A positive organizational culture.

Yes, you read it right. Your company’s culture plays a huge role in skyrocketing your success. Any organization’s culture is an essential and important part of the business. Employees find it productive to work, within a positive culture. After all, who wants to end up working in a toxic environment? No one.

According to the American Psychological Association, high pressured companies have to spend 50% more on healthcare expenditure, than any other. Almost 60% to 80% of accidents occurring at work are due to workplace stress. Moreover, workplace stress is associated with a lot of health problems, such as cardiovascular diseases and metabolic issues.

But this workplace stress can be turned into workplace well-being by positive workplace culture. When organizations are willing to invest to make their culture strong and positive, they get more success. With a positive culture, many employees find real value in their work, and this leads to positive consequences.     

6 Characteristics of a Positive Organizational Culture

Appropriate Communication

Transparent communication between employers and employees is essential. When management is open in their communication, employees know that you can be trusted. In this way, employees voice out their real opinions and ideas. They become comfortable and open in their communication. It increases the chances of building loyal and trusted relationships.

Teamwork

When employees work well together, then a company thrives more. One of the key factors of a positive culture is that teamwork is encouraged with no sense of discrimination. When employees have good companionship to work with, they have more fun.

Research has found that employees are more passionate about work when they have strong social connections at the office.

Appreciation and Recognition

A pat on the back is all it takes for your employee’s morale to soar high. Who doesn’t love appreciation and recognition of their work? It’s the easiest way to cultivate an organization’s positive culture.

Therefore, the more appreciation an employee receives, the more effort he put into his work. Which ultimately leads to greater success. All it takes is a frequent and authentic recognition of hard work.

Safe Work Environment

The company’s values reflect that disrespect, harassment, and discrimination are not tolerated in any way. There is no room for violence and unethical behavior. Therefore, the company takes prompt actions against such behaviors.

This leads to a healthy working environment for employees. They feel protected and work more promptly. As a result, the stress level goes down and productivity gets higher.

Training and Development Programs

The company works hard for the training and development of its employees. Employees know their long-term future in terms of growth with implemented development programs. When employees see more of their future in the company, they invest more.

A bit of the company’s investment in employees can result in greater consequences.   

Fair Treatment

In a positive organizational culture, employees are treated fairly, with no sense of favoritism. In addition, biasness is not spotted across groups and teams. There is consistency in the company’s treatment of employees.

Employees receive constructive feedback. So, they get confidence that their efforts will pay off. Their workload expectations are as per requirement minimizing the risk of burnout.

Conclusion

You can check where you stand, by going through this list. In this way, you can adopt these characteristics one by one and shift your company’s culture into a positive organizational culture.

This will result in happy employees and more workplace satisfaction, which will benefit your company and its production. It might take time to bring this change, but the payoff will be enormous.     

Tayyaba Imran

A psychologist by profession, with a passion for writing and looking for opportunities to reach out to the masses to spread awareness regarding psychology and mental health.

Filed Under: Management

Emotional Intelligence at the Workplace: Is it Important?

Last Updated on December 17, 2021 By Tayyaba Imran Leave a Comment

When it comes to organizations, there are several factors that contribute to an organization’s success. With new advancements, an important factor that has come to light, significant for organizational development, is the importance of emotional intelligence at the workplace.

In today’s world, it’s crucial to understand the concept of emotional intelligence to boost your business and start making better working strategies.

In a survey done in 2011 by career builder, nearly 71% of employers value emotional intelligence (EQ) more than IQ while hiring new employees. 59% of employers said they would not hire employees with high IQ but low EQ. While 75% of employers said they would more likely promote a worker with high EQ as compare to the one with low emotional intelligence.

Is emotional intelligence really that important? Does it play any role at the workplace?

To understand the answers to the above-mentioned questions, we need to know what emotional intelligence is. Emotional intelligence which is also commonly referred to as Emotional Quotient (EQ), is a capacity and ability to understand, perceive and manage emotions in oneself and others.

This term was originally coined by a psychologist at Cornell University, Michael Beldoch, in 1964. Later on, psychologists Peter Salovey and John D. Mayer researched on this topic and came up with their model. This model defined emotional intelligence as a combination of abilities which help in:

  • Identification and expression of emotions
  • Understanding of emotions
  • Utilization of emotions
  • Regulation of emotion

In the business world, EQ is important to become an effective leader and be able to handle the workload and manage people. 

Importance of Emotional Intelligence at the Workplace

People started taking an interest in the concept of emotional intelligence after the famous publication of Daniel Goleman’s book “Emotional Intelligence: Why It Can Matter More Than IQ.” In this book, Daniel Goleman proved that emotional intelligence is as important, if not more, in determining success in life.

More fame came when Daniel Goleman wrote a book “Working with Emotional Intelligence,” which led to believe that when there’s business, being rational won’t be the only solution. He applied the aspect of emotional intelligence to the workplace settings. He determined this fact that in every field, achievement and success depend upon emotional intelligence twice as much as IQ and other technical expertise.

“When dealing with people, remember you are not dealing with creatures of logic, but with creatures of emotion.” – Dale Carnegie

Studies have shown that people who score high on to the measures of EQ, also tend to get higher rates on measures of interpersonal relationships or skills, managing stress at work, conflict resolution, and leadership abilities. Other studies have also linked it with more job satisfaction and overall good performance at the workplace.

Why Emotional Intelligence Matters at the Workplace

When we talk about workplace settings, building relationships and taking prompt decisions are pronounced skills to have. These skills correlate with the presence of emotional intelligence. Emotional intelligence helps in improving communication, better management of tasks, problem-solving and having healthy relationships within an organization.

Is emotional intelligence a valuable aspect of workplace settings?

The World Economic Forum (2016) added emotional intelligence at number six on a list of ten, must-have skills employees need by the year 2020 to thrive in the future workplace.

top-10-skills

Image source: weforum.org

Working in a setting means working with a group of people, who come from different backgrounds and were raised differently. Therefore, it’s quite possible to run into some kind of conflict.

People with good emotional intelligence show the following behaviors:

  • Handle stress in a better way and keep cool under high pressure
  • They are better at resolving conflicts and issues in a workplace setting
  • Have a high tolerance level for criticism and reflect back on it constructively
  • Good at making decisions and solving problems quickly
  • Take personal responsibility and prove out to be a valuable team member

In this way, they can handle any situation that can prove out to be a tough one for someone with low emotional intelligence.

Become more Emotionally Intelligent

Now comes the question, how can one be emotionally intelligent?

Emotional intelligence is something a person can acquire easily by practice and more practice. It’s a skill that can be achieved by putting efforts. If you want to improve your emotional intelligence, then here’s what you can do.

Goleman has suggested five core components that can improve your emotional intelligence skills and benefit you with a satisfactory work environment. These five crucial components are:

Self-Awareness

It is one of the most major factors that play a role in attaining emotional intelligence. Self-awareness refers to the ability to recognize and understand one’s emotions and feelings. It is a vital skill to possess in the workplace.

The capacity to know emotions goes a long way when it comes to dealing with people of different temperaments. To understand emotional reactions, it is important to have an awareness of emotions and their origination.

People who are self-aware tend to be more confident, calm, and open in their experiences. They are aware of their strengths and limitations and know how others perceive them.

Self-Regulation

Being aware of your emotions is the first step, but next comes the management of your emotions. People with good self-regulation skills are more adaptable to change. They express their emotions in an appropriate and healthy way rather than being impulsive or passive-aggressive.

Start work on your self-regulation skills by finding different, but healthy, ways to release stress. Having hobbies outside the workplace is the best way to gain it. Learn techniques that are helpful in expressing emotion and do not respond in an inappropriate manner.

Motivation

Start working on accumulating intrinsic motivation, as it is the key component of emotional intelligence. External motivation factors such as money, fame, status, are great but it takes more than that to become successful.

People with high emotional intelligence are driven by a force that comes from within themselves. They are more oriented towards achieving goals for their sake rather than for any external reward. They are committed and hard-working.

Try to focus on those aspects of your job that you love. Revive your passion and start taking new challenges. Be optimistic and maintain a positive attitude. In no time, you will be on the path of success.

Empathy

To put yourself in other’s shoes, is the simplest way to define empathy. Empathy is not just understanding others emotional reactions, it also relates to how you react to them.

In the workplace, it allows you to recognize who holds power and influences the dynamics between colleagues and bosses. Empathy helps in looking at things from another person’s perspective, which ultimately leads to lesser conflicts and more agreements.

Work on your empathetic skills to interpret different situations and influence interpersonal relationships, especially in the workplace. Be more vigilant in sensing the power dynamics and the forces that influence emotion and feelings. In this way, you can find a middle ground for opposing perspectives and make others willing to compromise on it.

Social Skills

Social skills or sometimes called people skills are considered to be an important ability to manage relationships and have better communication. They are highly valued in the workplace because they help in building networks and bring positive change in a company’s environment.

People with great social skills are able to build a good rapport with colleagues and supervisors and prove to be a valuable team member. They can listen to other people’s opinions and then effectively communicate their ideas. It also prepares them to take on a leadership role in the future.

Start practicing active listening to show that you are attentive towards others and are passionate about work projects. While communicating be attentive to the non-verbal communication as they convey a lot of messages. Polish your persuasion skills as they can help in influencing and convincing people to listen to your ideas and opinions.

Conclusion

Emotional intelligence is still comparatively a new topic for the corporate world. Its implications at a workplace is a new hot topic. If you think you need the practice to be higher on EQ, then start doing it now. But keep in mind that by benefiting yourself and the workplace, you can get the best of both worlds. 

Tayyaba Imran

A psychologist by profession, with a passion for writing and looking for opportunities to reach out to the masses to spread awareness regarding psychology and mental health.

Filed Under: Management

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