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7 Business Insights to Build an Astute Life Plan

7 Business Insights to Build an Astute Life Plan

The life cycle of a business involves evolution, maintenance, and dissolution or merger. Life is no different. To build anything worthy of deeming “successful,” a well thought-out, insightful plan is a must-have. Perhaps no other blueprint for success tops the in-depth presentation of a business plan. When devising a strategy for a fruitful business, we take the time to analyze the reality of a market, spell out how our business will fit in and excel within that space, determine how we will fund our aspirations, decide who will be a part of the journey, and how we will scale once we’ve met our initial goals.

Like a business plan, we need to analyze the reality of our circumstances and determine how our strengths and weaknesses can survive within the limited resources at our disposal. In life, we must figure out how we’ll finance our most basic needs; and, once those are met, fund our greatest aspirations. We must decide who will be on our team to help us be our best selves, to survive and to thrive, decide who will be a part of the journey, and how we will scale once we’ve met our initial goals. And, once we’ve conquered our goals, we continue to rediscover ourselves, even if it means finding happiness in new ways.

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Such astute planning in business is exactly the sort of exercise we should be doing when devising our course of actions in life.

Here are seven insights to get your life on track to build a meaningful and purposeful life.

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1. Set specific, achievable milestones.

And remember, your milestones may influence or affect others, so set those goals wisely. Reward yourself for achievements, but don’t berate yourself for your failures. With each failure comes the opportunity for a much-needed learning lesson.

2. Have a portfolio of your relationships.

Know the worth of your own relationships and how indispensable they are. Base your life on how many acquaintances, friends, and loved ones you make along the way.

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3. Prepare for dissolution/merger.

Leave a legacy – whether it is through your children or successes. Your children will immortalize your existence. Keep this in mind when raising your beloved.

4. Save a portion of your profits to service hobbies.

All work and no play will serve no one. Be sure to treat time for adventure and leisure as a priority and be certain you can finance such happenings. Use your vacation time, even if to do nothing other than to relax. Reward your hard work with fun and relaxation.

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5. Make people a priority.

Just like any innovation requires a nurturing atmosphere, your presence should inspire others, bringing out the best in those around you. Be confident enough to encourage those around you to thrive, and trust they will do the same. A healthy team can conquer far more than you ever will alone.

6. Prepare for the unexpected.

While your life cycle is quite predictable, the day-to-day surprises can seem overwhelming. The key is to remain adaptable – hope for the best while preparing for the worst. Life will throw you curve balls, be prepared and ready to conquer it all.

7. Make a difference.

Remember, all that you have earned, you will eventually return back to the Earth in one way or another. Just like a business that is built to serve others, know that your life’s purpose is to make the world at large run smoothly. Whether through taxes, charity, or your job, your life (and businesses alike) serves a much greater purpose than to be completely self-serving. Get out there and make a difference!

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Last Updated on August 6, 2020

Why Working 9 to 5 Is Outdated

Why Working 9 to 5 Is Outdated

Bristol is the most congested city in England. Whenever I have to work at the office, I ride there, like most of us do. Furthermore, I always make sure to go at off hours; otherwise, the roads are jam-packed with cars, buses, bikes, even pedestrians. Why is that? Because everyone is working a traditional 9 to 5 work day.

Where did the “9 to 5” Come From?

It all started back in 1946. The United States government implemented the 40 hour work week for all federal employees, and all companies adopted the practice afterwards. That’s 67 years with the same schedule. Let’s think about all the things that have changed in the 67 years:

  • We went to the moon, and astronauts now live in space on the ISS.

  • Computers used to take up entire rooms and took hours to make a single calculation. Now we have more powerful computers in our purses and back pockets with our smartphones.

  • Lots of employees can now telecommute to the office from hundreds, and even thousands of miles away.

In 1946 a 9-5 job made sense because we had time after 5pm for a social life, a family life. Now we’re constantly connected to other people and the office, with the Internet, email on our smartphones, and hashtags in our movies and television shows. There is no downtime anymore.

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Different Folks, Different Strokes

Enjoying your downtime is an important part of life. It recharges your batteries and lets you be more productive. Allowing people to balance life and work can provide them with much needed perspective and motivation to see the bigger picture of what they are trying to achieve.

Some people are just more productive when they’re working at their optimal time of day, after feeling well rested and personally fulfilled.  For some that can be  from 4 a.m. to 9 a.m; for others, it could be  2 p.m. to 7 p.m.

People have their own rhythms and routines. It would be great if we could sync our work schedule to match. Simply put, the imposed 8-hour work day can be a creativity and morale killer for the average person in today’s world.

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Productivity and Trust Killer

Fostering creativity among employees is not always an easy endeavor, but perhaps a good place to start is by simply not tying their tasks and goals to a fixed time period. Let them work on their to-do list at their own pace, and chances are, you’ll get the best out of your employee who feels empowered instead of babysat.

That’s not to say that you should  allow your team to run wild and do whatever they want, but restricting them to a 9 to 5 time frame can quickly demoralize people. Set parameters and deadlines, and let them work at their own creative best with the understanding that their work is crucial to the functioning of the entire team.

Margaret Heffernan, an entrepreneur who previously worked in broadcasting, noted to Inc that from her experience, “treating employees like grown-ups made it more likely that they would behave the same way.” The principle here is to have your employees work to get things done, not to just follow the hands on the clock.

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A Flexible Remote Working Policy

Yahoo CEO Marissa Mayer famously recalled all her remote workers, saying she wanted to improve innovation and collaboration, but was that the right decision? We’ve all said that we’re often more productive in a half day working from home than a full day working in the office, right? So why not let your employees work remotely from home?

There are definitely varying schools of thought on remote working. Some believe that innovation and collaboration can only happen in a boardroom with markers, whiteboards and post-it notes and of course, this can be true for some. But do a few great brainstorms trump a team that feels a little less stressed and a little more free?

Those who champion remote working often note that these employees are not counting the clock, worried about getting home, cooking dinner or rushing through errands post-work. No one works their 9-5 straight without breaks here and there.  Allowing some time for remote working means employees can handle some non-work related tasks and feel more accomplished throughout the day. Also, sometimes we all need to have a taste of working in our pajamas, right?

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It’ll be interesting to see how many traditional companies and industries start giving their employees more freedom with their work schedule. And how many end up rescinding their policies like Yahoo did.

What are your thoughts of the traditional 9-5 schedule and what are you doing to help foster your team’s productivity and creativity? Hit the comments and let us know.

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