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5 Top Business Languages You Should Know to Get Ahead

5 Top Business Languages You Should Know to Get Ahead

The future of business is global, and there’s no getting around learning top business languages to survive.

By 2025, almost 50% of the world’s biggest companies will be based in emerging markets. This is up almost 10-fold from only 5% in 2000.

CareerBuilder.com’s 2010 hiring forecast showed that 39 percent of U.S. employers said they plan to hire bilingual candidates, and half said that if they had two equally qualified candidates, they would be more inclined to hire the bilingual one.

What’s more, salary bonuses vary depending on which languages you’re able to speak. Here’s a quick breakdown of a few different secondary languages and their annual bonuses as reported by The Economist:

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  • Spanish — 1.5 percent bonus
  • French — 2.3 percent bonus
  • German — 3.8 percent bonus

This means that you can make an additional $50,000 to $125,000 just for knowing how to speak a foreign language!

5 Top Spoken Business Languages You Should Know To Get Ahead

To arrive at our 5 top spoken business languages, we took a number of factors into account.

The first one is the number of native speakers. While this shouldn’t be the only factor you take into account when choosing what business language you should learn, it has a noticeable correlation with how much impact your new language will have.

The second factor is a comparison of countries with the largest GDP’s in the past (2010) and where they will be in the future (2020).

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While there are smaller variables to take into account, these two factors can help us narrow down the languages of the world to the 5 top spoken business languages you should know to get ahead in your career.

1. English
365 Million Native Speakers

English is the obvious first choice when it comes to top business languages. With economic powerhouses like the U.S, the U.K, and Australia, there’s no getting around English.

Even when you’re speaking with native speakers from other countries, it’s likely that they speak English as their second language. Since most of the readers here are already English speakers, we’ll move on.

2. German
92 Million Native Speakers

German is a perfect example demonstrating that the best languages shouldn’t be based on the number of native speakers in the world.

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Not only is it Europe’s largest economic powerhouse, with a GDP of 2.4 trillion Euros, but it’s also the largest export market for British goods.

For anyone seeking a job in the U.K, Austria, Germany, or anywhere that’s doing business with the companies in Germany (nearly everyone), understanding the differences between ‘danke’ and ‘Ihr willkommen’ is critical.

3. Russian
160 Million Native Speakers

Germany may have the largest export market for the U.K, but Russia is the U.K.’s fastest-growing major export market. While there are fruitful opportunities to work with companies in Russia, there aren’t as many fluent English speakers living in Russia, and knowing how to speak Russian comes with a big advantage.

4. Spanish
406 Million Native Speakers

Recognized as one of the most popular European languages, Spanish is a beloved language not only in terms of usefulness in business, but in many areas of society.

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It’s the leading language that fuels many of the fastest-growing Latin economies in South America, Central America, and North America (Mexico).

Given that it’s the second most spoken language in the U.S, with over 20 countries around the world that use Spanish as their official language, 37% of American employers prefer hiring people who know how to speak Spanish.

5. Mandarin
935 Million Native Speakers

With just under a billion native speakers around the world, Mandarin has more native speakers than English and Spanish combined. This makes Mandarin-speaking countries some of the most attractive places in the world for businesses to target, and learning Mandarin a great investment for any professional to make today.

Bloomberg has also ranked Mandarin as the number one business language to know after English.

What Business Languages Are You Learning?

We’ve given you the 5 top spoken business languages, but it doesn’t mean they’re the only ones you should learn. What language are you learning or aspiring to learn?

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Last Updated on December 17, 2018

Why You Think You’re Not Good Enough and How To Believe in Yourself

Why You Think You’re Not Good Enough and How To Believe in Yourself

Have you ever wanted to say something at work, but a little voice of doubt crept in and said, “what if you are wrong”?

Maybe you wanted to apply for that promotion or ask that special someone on a date, but something kept you from taking action. When you think you’re not good enough, you tend to fear the outcome and lack faith in your abilities. That is why it is vital you discover how to believe in yourself so you can accomplish your goals and create your dream life.

Whatever your situation, the fears and self-doubt your false beliefs create will always stop you in your tracks. Identifying the beliefs that cause you to sabotage your life is the first step to removing them.

Self-doubt causes inaction, and inaction leads to regret. When you are not following your passion and living your dream life, you are left with a lot of questions:

  • What if I took a chance on myself?
  • Could I have had a better life if I took more risks?
  • Am I be satisfied with the legacy I am leaving behind?
  • What could I have accomplished if I did not settle for less?

So why would you think you’re not good enough?

1. Parenting

The perception you have of yourself is based on your past experiences. There are studies that show children mimic everything from their parents ability to regulate emotions, to their parents belief about money.[1]

I have had clients who did not believe they were good enough because they did not receive any positive reinforcement as a child. When they were young, their parents were extremely overprotective.

Think of your childhood challenges like dragons you had to slay. Each obstacle you overcame was another dragon you successfully removed from your life. As you slay more dragons, your self-esteem and confidence increase. When someone has overprotective parents, their parents end up slaying the dragons.

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As a result, the child builds more confidence in their parent’s abilities, while still doubting their own.

If you are never encouraged to slay your own dragons, you start to doubt whether you can. It is only natural for a child to conclude their parents are always helping them because they think they need it. This child ages into an adult who still believes they are not good enough. They seek the help and confirmation of others, and they rarely stand-up to opposition.

Solution: Slay Your Dragons!

If you want to believe in yourself, you are going to have to take steps to rebuild your trust in yourself. Start by keeping your word to others and arriving on-time. By showing yourself that others can (and do) trust you, you are going to feel more comfortable trusting yourself.

As you move onto larger and more challenging tasks, you have built a foundation of trust in your ability to keep your word. Next, you are going to want to reclaim your sword from others. At first, you may want to confide in whoever it is currently slaying your dragons.

Understand if it is your parent or someone who loves you, they want the best for you and mean well. You are simply going to tell them that you want to do the work, and will ask them for their thoughts in the planning phase. Feel free to check in with them and give them updates on your progress, while making sure they understand you are wanting to do the work yourself.

Then when the task is completed, let them know so you can celebrate together. Now that you have slayed your own dragon, you can start to reclaim your confidence. By you utilizing them as your guide, you get the added bonus of someone you respect and admire, telling you how amazing you are.

Think of it like a symbolic passing of the torch. Now, you are both dragon slayers. Which means all the positive attributes you attributed to them slaying your dragons, now belong to you.

2. Over-Exaggerating and Oversimplifying

Your past experiences may involve you or someone close to you failing. When you experience failure, you can lose your desire to continue. This has less to do with whether you are brave or scared, and more to do with the fact that your mind does not like failure.

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No one enjoys participating in events in which they under-perform. Outside of the usual reasons of embarrassment, feelings of inadequacy, and fear of failure – it is simply not fun.

Who wants to play baseball if they strikeout every time it is their turn? Would you enjoy singing in front of an audience if you were booed off the stage every time you performed? I could go on, but I think you get the point.

The thing about those two examples is no one really strikes out “every” at-bat. It is also unlikely someone could be booed off the stage “every time” they performed in-front of an audience.

What ends up happening is you oversimplify and exaggerate your past experiences and then your mind believes you. If you believe you are not good enough to ask someone on a date because they “always” tell you no, then do not be surprised you never muster the courage to do so.

If you want to overcome these feelings of inadequacy, start by changing your beliefs. This exercise does not need to be complicated. If you believe you strikeout every time it is your turn, I want to you to go to a batting cage and keep swinging until you hit the baseball.

When you experience success, I want you to take a mental note, write it down, or have someone video it. This is your proof that you do not always strike out. Then, whenever your belief that you are not good enough resurfaces, you are going to replay that video.

Regardless of the situation, you can find a successful experience that you are overlooking.

Solution: Read About the Failures of Others

It sounds a little crazy, I know, but reading about the failures of other successful people will improve your confidence. In a study conducted by Columbia University, they found that teaching students about the failures of great scientists encouraged them to do better.[2]

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When you are battling fear and self-doubt, you tend to over-exaggerate the abilities of others and diminish your own by comparison. You start to believe the successful are successful because they are courageous risk-takers, who do not take no for an answer. You tell yourself, they are meant to succeed, while you on the other hand are not.

When you are able to relate to the successful, you start to realize they have the same struggles and challenges you do. The only difference is they kept going.

Now it is not a question of whether you can succeed, it is a question of whether you want to succeed.

3. Undervalue Yourself

What is the main difference between someone who believes they are good enough and someone who does not? The person who believes they are good enough understands they are a person of value.

What I mean by this is if you do not believe you are worth being listened to, you will not have anything to say. If you do not believe you are good enough to be respected and treated as such, you will accept and rationalize all kinds of mistreatment.

There is an old saying that we are treated as we allow ourselves to be treated. When someone has the confidence and self-esteem that commands respect, they will not accept being treated any kind of way. However, if someone does not see themselves as worthy, they will remain in toxic situations because they do not believe anything better is on the horizon.

Dr. Jennifer Crocker, who worked on a series of self-esteem studies, found in her latest research that:[3]

“College students who based their self-worth on external sources–including appearance, approval from others and even their academic performance–reported more stress, anger, academic problems, relationship conflicts, and had higher levels of drug and alcohol use and symptoms of eating disorders”

Solution: Internalize Your Self-Worth

Instead of valuing yourself based on the awards, recognition, and accolades of others, you need to search internally. By basing your perception of yourself on your core values, you can regain control over self-image.

Instead of focusing on things that are outside of control, keep your mind on what it is that makes you special. You are not defined by your job, relationships, religion, or education. Rather, you are defined by the manner in which you participate in these things. You may be a creative, hard-working, and compassionate person; and that shows up in every thing you do.

Understand that you do not need to be creative, hard-working, and compassionate all the time to consider yourself these things. You are not trying to be perfect, but you are trying to connect with your true self.

By understanding the similarities in which you tackle objectives, you will build a consistent and powerful self-worth that stands apart from external confirmation.

Final Thoughts

Do not allow your past experiences do dictate your future success. You do not want to look back on your life and have a lot of questions and regrets.

Build trust in yourself by taking action today. This will help you build the confidence you need to believe in yourself and your ability to become the champion of your life.

More Inspiration About Motivation

Featured photo credit: Riccardo Mion via unsplash.com

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