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Last Updated on February 20, 2019

How to Ask for a Promotion and Move up the Career Ladder

How to Ask for a Promotion and Move up the Career Ladder

I bet you’re thinking that you’ve reached the height of your career.

You’re scared to try new roles because you believe companies prefer younger employees. No matter which way you look at it, there’s no room to progress or a promotion. The problem is, that with this mindset you cut all chances of ever getting a promotion.

But you’re not alone. A study from Robert and Half revealed that only 39% of employees asked for a promotion.[1]

So what’s the solution? How to ask for a promotion?

To create a plan.

This is easier said than done. But, if you work on the right tasks I’m confident you’ll get the promotion you deserve.

Let’s look into how to ask for a promotion and move up the career ladder.

The Power of Goal Setting

Your perfect plan will consist of writing down clear and concise goals.

Goal setting is the most important skill you can master to achieve any type of success in your life. Take this Hardvard study for example, where MBA graduates took a survey on goal setting. 13% of students who had set goals with no concrete plans were twice as successful than the 86% who didn’t set any goals.[2]

The interesting part is what happened to the 3% of students who’d set goals with concrete goals. These students were earning 10 times more than the 97% class combined.

Intrigued?

You should be. Goal setting can make or break your chances of reaching the success you desire.

Setting Goals the Right Way

The first step to setting any goal is by defining what you’d like to do.

Since you want a promotion, write this goal down in a journal. Next, break this goal down into micro goals.

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For example, ask yourself what’s required to land a promotion in your current role.

A great tool to break down your goals is Workflowy. For most of the goals you’re setting, you won’t have all the answers, but don’t let this stop you from making progress. If you’re ever stuck, make it your next step to find someone who can help you find the answers you’re looking for.

Finally, take time to reflect on your progress. In your journal, you’ll be able to view what’s accomplished and where you’re falling behind. I recommend you check your progress at the end of each week, month, and quarter.

This may seem exhaustive at first, but it’s intended to help you avoid heading in the wrong direction.

Here’s a summary of the goal-setting process:

  1. Clearly define what you want to do (i.e. Land a promotion in the next 12 months)
  2. Write your goal down in your journal
  3. Break your goal down into micro goals (i.e. take 1 hour of a specialized course in my field daily)
  4. Write down daily goals in your journal
  5. Review your progress each week, month and quarter to make necessary changes

6 Steps for Career Advancement

Hopefully, by now you know how important goal setting is. It’s time to start learning the tactics that will help you get that promotion you deserve.

Although I’ll share several tactics to landing your promotion, it’s best that you only focus on 1–2 at a time.

This will prevent you from getting exhausted and help you master each tactic. Start by focusing on the areas you’re the weakest in and move forward from there.

1. Start with a Promotion Request

Demanding anything sounds harsh, but here’s why it makes sense to do so in your career.

Being demanding will allow you to speak up for yourself and not feel guilty for asking for a promotion. As mentioned before, a study revealed that more than half of employees didn’t ask for a promotion. That’s why being demanding is your ticket to ensuring you’re heard by upper management.

You don’t have to come off as arrogant or rude, rather be someone who knows their value. The problem is, you’re your worst critic. And, because of this, it can sometimes be challenging to focus on your positive qualities.

Here’s a solution:

Start writing down your daily accomplishments in a separate spreadsheet. Have columns for the date, type of accomplishment, and how you overcame your challenge. It may feel weird at first, but you’ll be building a personal database of your accomplishments.

Make it a habit to review this spreadsheet each week to know what you’ve accomplished. You’ll quickly realize what value you bring to your team and the company. An added benefit for doing this is being prepared for your performance meetings.

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2. Goof off in Your Free Time

Ever wondered why people who’ve worked the hardest sometimes don’t get promoted? It’s most likely because they’d failed to network with others in their workplace.

But don’t take my word for it. A Hardvard study revealed that lawyers who networked the best earned the most money.[3] These lawyers had a “promotion mindset”, while the others had a “prevention mindset”

People with a “promotion mindset” believe networking can bring them growth and advancement. And those in a “prevention mindset” believe that networking is a task they’re obligated to do. Even if you’re an introvert you can still be successful at networking.

So how can you improve your networking skills? By taking small action every single day. Network daily and don’t wait until you’re in need.

Networking involves building authentic relationships, so start by changing your mindset. Think of networking as building relationships first, and receiving help second. Make it a habit to improve your emotinal intelligence daily.[4]

As you focus more on providing value for others, you’ll begin to grow a strong supportive network.

3. Spend Money on Nice Clothes

Do you dress better outside of work or don’t really pay attention to what you wear in the office?

If so, you may be giving people the wrong impression. Research shows the clothes employees wear affect their chances of getting a promotion.[5]

So what should you wear?

The choices will vary, but wearing something professional is always the safe bet.

For example, wearing a dress shirt with slacks, and dress shoes is appropriate. If you’re currently wearing jeans and a shirt to work, this can improve the way your boss and team perceives you. But if you’re already dressing business casual, wearing a tie can be the next upgrade you make.

Your goal is for others to view you as the perfect candidate for a promotion. You don’t need to wear a suit to work every day unless it makes sense.

Get into the habit of putting more thought into your wardrobe because everyone is watching.

4. Give Yourself a Promotion First

Before you receive any promotion, you have to promote yourself first.

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Here’s what I mean:

Build a mindset that allows you to feel worthy of a promotion. If you don’t feel certain about getting a promotion, then why should anyone else?

Besides working hard to exceed your performance goals, prime your mindset with visualization.

Visualization is a technique psychologist have used for years. This technique has helped people reach their desired emotional states and life goals.

Start by visualizing the outcome of your promotion

You can visualize two types of stimulations, an outcome or process. Thinking of an outcome involves visualizing the end result of your goal. A process-based visualization involves visualizing the steps required to reach your goal.

For example, if you’re looking to get a promotion, imagine your boss congratulating you. Then visualize the steps you did to get there. This could be studying on the weekends to learn new material, or taking on extra to help your team.

As you’re visualizing, focus on feeling the experience to reap the most benefits. It can take some time getting used to, but the rewards will be worth it.

5. Work Less Than Most

Getting a promotion isn’t earned by working harder, it’s done by working smarter. By being productive, you’ll be more likely ot meet your work deadlines and manage stress better.

Productivity is a skill that most people put on their resume, yet fail to execute effectively.

Spend a lot of your time practicing productivity until you nail this skill down.

Learn how to prioritize your work and delegate tasksFor example, if you’re struggling with a presentation, ask your teammate for help. Don’t spend hours trying to figure out how to create a PowerPoint slide.

Also, look for ways to optimize your schedule. For example, if you have 5 meetings booked in one day, ask yourself if they’re necessary. Often times, it’s more efficient to communicate via email than waste time in a meeting.

If you want to boost your productivity, here’re 50 Ways to Increase Productivity and Achieve More in Less Time.

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6. Surround Yourself with Motivated People

“You’re the average of the 5 people you spend the most time with” – Jim Rohn

You tend to pick up habits from people you spend time with the most. So, surround yourself with with people who have productive habits and drive. Listen to productive podcasts and learn from experts who are achieving massive success.

These experts have the same amount of time you do. And, if they were able to achieve massive career success, so can you.

Final Thoughts

Picture a Monday morning and feeling excited to start your day. These past few months have been exhausting but also rewarding. You now feel that there are many opportunities out there to help you advance in your career.

You’ve stepped out of your comfort zone, began networking, and now feel worthy of a promotion.

You’re a completely new person and are more confident than ever.

The best part is, your boss saying good things about you to everyone in the office. You know it’s only a matter of time before you get promoted.

Wouldn’t this be amazing?

This can be your reality if you’re willing to work hard to improve in the right areas. There’s no secret formula to achieving great things in life. It only takes hard work and determination.

You now have a mini blueprint on how to get a promotion and climb the corporate ladder. My guess is that most of the people reading this article won’t take action.

You’re not an average person. You’re an action taker. Now go get your promotion, it’s all yours.

More Resources About Career Advancement

Featured photo credit: rawpixel via unsplash.com

Reference

More by this author

Christopher Alarcon

Content Marketer and Finance Analyst

How to Invest for Retirement (The Smart and Stress-Free Way) The Savvy Employees Guide to Asking for a Raise How to Use Debt Snowball to Get out from a Financial Avalanche How to Ask for a Promotion and Move up the Career Ladder Most Effective Time Management Techniques to Succeed in 2019

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Last Updated on May 15, 2019

10 Most Successful Entrepreneurs and What We Can Learn from Them

10 Most Successful Entrepreneurs and What We Can Learn from Them

Apart from making crucial decisions for their own businesses, entrepreneurs innovate and grow their ideas. Albeit there being no cookie-cutter answer that fits everyone’s experiences, taking a look at some of the most successful entrepreneurs today, you might spot some similar traits and characteristics.

Starting and nurturing a business entails a great amount of hard work and commitment. However, for aspiring entrepreneurs who are prepared to dedicate themselves to their vision, here are 10 most successful entrepreneurs you can learn from:

1. Melanie Perkins: Know Your Worth and Keep Trying

    Melanie Perkins founded Canva, a Sydney-based business valued at $1Billion having successfully raised a number of rounds of successful funding and boasting more than 10 Million users in 179 countries.[1]

    She told BBC that one of the biggest challenges she faced getting into the business was talking about her company’s accomplishments when she first got to Silicon Valley. She attributed this difficulty to a cultural difference where Australians tend to ‘talk down’ their achievements and this would slow down her fundraising progress for a few years.

    Despite hundreds of rejections, Melanie emerged three years later with a much clearer strategy and stronger investor pitch that prompted a series of fundraising rounds netting the company $82Million of funding in total.[2]

    2. Bill Gates: Keep Learning and Exploring

      If you don’t know Bill Gates, you likely know the company he founded – Microsoft.

      Bill Gates’ story is a prime example of nurturing an idea that might seem out of this world but make sense in the future. One of the most successful entrepreneurs in history did not complete his degree at Harvard University to pursue a vision that the technology would soon become the future.

      He told a white lie to Altair, saying that he had made a computer program for them, therefore pushing himself to create a system that would change modern history.

      “The most important speed issue is convincing everyone that the company’s survival depends on moving as fast as possible.”

      Gates’ success is built on self-improvement and the seeds of an idea.

      3. Elon Musk: Never Stop Innovating

        Traditional thinking suggests that in order to become a successful entrepreneur, one must focus in a single field or industry.

        Elon Musk, however, breaks that rule.

        Today, the multifaceted tech entrepreneur, investor, and engineer advocates for the diversification of skills and businesses by delving into various fields of interest.

        When done right, skills in a single domain can be carried over then applied into contrasting industries to create something new the world might need. Musk owes his accomplishments to a constant thirst for knowledge.

        Having birthed Tesla and a myriad of products across the arenas of aeronautics and software design, Musk continues to evolve as an entrepreneur and plans to innovate for the long haul.

        4. Richard Branson: Develop People First

          British entrepreneur Richard Branson founded Virgin Records in the early 1970s. Virgin Records has since grown into the Virgin Group, today responsible for over 400 companies.

          The billionaire is strongly particular about working with a team that shares his core values and aspirations.

          Branson believes that managing a business can become taxing, thus he acknowledges his employees for putting in the effort that they have.

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          A good leader knows how to raise morale for positive productivity. Utilising emotional intelligence and compassion is a game changer in seeing results within a team.

          Branson’s supports the idea of nurturing a positive work environment, with the belief that credentials must go hand-in-hand with an enthusiasm for work.

          5. Jeff Bezos: A Relentless Focus on Customer Satisfaction

            Having founded Amazon, Jeff Bezos is known to be one of America’s most successful entrepreneurs. The e-commerce pioneer fixates himself on angry customers with the belief that a business’s loopholes are found in the experiences of unsatisfied customers.

            For the 8th year in a row, customers have ranked Amazon as the number one in customer service (according to the American Customer Satisfaction Index).

            While numerous companies ignore unhappy customers, Bezos found success in learning from reviews and surveys. By focusing on customer service, Amazon shows they care, both for their customers and for rising above their competitors.

            While praise and recognition are signs that a business is accelerating, criticism is an opportunity to improve a product or a service.

            6. Mark Zuckerberg: Start Small, Think Big

              Valued at over 55 billion dollars today, Mark Zuckerberg built the first version of what would become a social networking giant in his Harvard University dorm room. As one of the world’s youngest entrepreneurs, Zuckerberg undoubtedly took countless calculated risks to get his brilliant idea to its current status with 2.38 billion active monthly users.

              “The biggest risk is not taking any risk.”

              He’s always daring to explore with a fearless mindset.

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              The young tech entrepreneur never shied away from innovating outside of the box. Soon after Facebook became a hit to users and advertisers, big corporations took interest in buying Facebook from Zuckerberg.

              However, he took the risk and decided to stay with his creation. Turning down billions of dollars offered by Yahoo CEO, Terry Semel, he envisioned turning his brainchild into something much bigger than what it already was then.

              7. Steve Jobs: Live Your Own Dreams

                Steve Jobs lived a rocky path all his life and an aspect of which is a tumultuous career.

                The founder of Apple endorsed his beliefs on the temporality of life and limitations of time. He preached about the importance of working on the very legacies people wish to leave behind, an achievement he’s undoubtedly etched into the the archives of human history.

                Never one to hide under someone’s shadow, Jobs did not live by anybody else’s principles so he formed his own. He tirelessly dedicated himself to building a unique brand of products that became the benchmark for contemporary technology.

                After his highs and lows through his brief battle with cancer, Jobs concludes with yet another lesson to takeaway from his remarkable life. “No matter how much money you have, even the richest man can’t buy time.”

                8. Warren Buffett: Balance is Essential to Success

                  Despite being the third wealthiest person in the world, Warrant Buffett sported a frugal lifestyle for most of his life.

                  After buying a house in Omaha, Nebraska for just above 31,000 dollars, he has lived there since 1958. As a leading investor and a founder at Berkshire Hathaway, Buffett believes in setting aside an amount to save and spend only on necessities.

                  With a long term goal as a top priority in mind always, treating oneself can be sustainable once in a while. He advices to save money by deciding first and foremost what aspects to scrimp on and what aspects to splurge on to ensure a happy and balanced lifestyle.

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                  9. Jack Ma: Never Give up

                    On every journey to success, everybody stumbles and arrives at roadblocks. Some more than most, like Jack Ma, who survived countless rejections and failures only to get back up and brave every storm.

                    Ma is the founder of multinational technology conglomerate Alibaba Group. Despite being rejected to Harvard after every one of his 10 applications, Ma was never defeated.

                    His grit and tenacity is a fine testament to the fact that grades do not determine a future. While qualifications on paper are important, the development of skills and an attitude is just as helpful in making a recipe for success.

                    Despite finding himself in the verge of bankruptcy in the 1990s, Jack Ma possessed the resilience to put one foot in front of the other until he finally made it. “It’s important to have patience,” he says.

                    10. Tan Min Liang: Passion Can Pay Off

                      Tan Min Liang is the founder of the leading high-performance gaming hardware, Razer. Always on the look out for new opportunities to connect and scale his business, Tan has been bold in making many of his life’s decisions.

                      Having deviated from a traditional path set by a family that consists of doctors and lawyers, Tan was to find his life’s work and passion while gaming with his older brother.

                      The idea was simple: there were so many games out there to play, however, there were hardly any gaming equipment to match this.

                      So he dropped out of law and began going a different direction, into creating solutions in the gaming industry. At the start of 2019, Tan wrote to tech luminary Elon Musk to which Musk’s reply suggested of a joint venture between two of the most successful entrepreneurs today.

                      Final Thoughts

                      In today’s cutthroat world, the road to becoming a successful entrepreneur is a long and arduous process trailed with ups and downs. A valuable lesson that a good hand of entrepreneurs would love to convey to aspiring entrepreneurs is to keep the spirit of innovation and to explore uncharted waters.

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                      Learning from experience and failure is one direction to a desired end goal. Exhibiting the same dedication and grit so many entrepreneurs have through their unexpected careers – today’s budding visionaries ought to hang on their dreams and leave room for improvement along the way.

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                      Featured photo credit: Patrick Tomasso via unsplash.com

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