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16 Advantages of Having Millennials in the Workplace

16 Advantages of Having Millennials in the Workplace

Not so keen to hire millennials in the workplace? Think again. By 2015, 75% of world’s employees will belong to this controversial group, also known as Generation Y (see also: awesome people).

There are plenty of famous and successful millennials: Mark Zuckerberg, Jennifer Lawrence, and Jenna Marbles, for example. But that’s certainly not all.

Millennials all over the world have a lot to bring to the table…perhaps more than any previous generation.

As Individuals:

1. They’re intrinsically motivated

Millennials aren’t just there out of necessity. In fact, 65% of them say that personal development is the most important factor in their careers.

They want to learn, and they want to grow. They’re intrinsically motivated to succeed. The paycheck isn’t the important thing here–they will succeed because they want to, and because it’s important to them.

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    2. They’re cost-effective

    Speaking of money, millennials don’t need much of it. They’re cheaper to have as employees, since work is often motivation enough for them. Earlier generations, such as the baby boomers, were willing to trade happiness and passion for a big fat paycheck.

    Gen Y, on the other hand, is willing to settle with smaller salaries in exchange for flexibility, personal recognition, and happiness, so you can technically pay them less to get quality work. (Though as a millennial myself, I implore you not to…)

    3. They’re genuine

    You know those annoying brown-nosers who suck up to the boss, secretly hoping that their time will come to have all the power? Yeah, that’s not what millennials are about.

    According to Psychology Today, millennials are more genuine. They thrive on being judged by their performance, and they respect those with experience rather than power. They prefer “inclusive” leadership styles–bosses that appreciate them for their hard work (no brown-nosing needed).

    4. They’re driven

    Over half of millennials deeply value the ability to progress in their career and are more attracted to careers where they know they have room to be given more responsibilities. This means that they won’t just do their jobs mindlessly; they’re driven and deeply invested in the work they do. They will give you their all in order to prove that they are capable.

    5. They think outside the box

    Living in an ever-changing world, millennials are a creative bunch. They’re constantly thinking of new ideas and are willing to think outside the box (hello, strangely-combined liberal arts degrees!).

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    6. They’re super educated

    Speaking of degrees, most millennials have one. In fact, millennials are the most educated generation yet! (Though unfortunately in the most student loan debt as well…)

     

    As Part of the Team:

    7. They collaborate

    Many think of this generation as having a “me first” attitude, but that’s simply not so. In fact, in the office, other generations were dubbed “The Me Generation(s)”–but millennials have been graced as “The We Generation”. Millennials are generally great with teamwork and collaboration, as long as it helps them create the best work.

    8. They’re tenacious

    Millennials are often known to be impatient, wanting everything right away (after all, it’s the generation that has grown up with any piece of information at their fingertips with the advent of the World Wide Web). However, this makes millennials tenacious in the workplace, constantly working towards finding answers and getting things done as soon as possible.

    9. They’re optimistic

    Despite the not-so-stellar economy we’re experiencing, millennials are the most optimistic generation yet. They’re always looking on the bright side, sure that they will be able to make it in whatever ventures they take. This generation is less jaded than previous generations, believing that they are capable of anything.

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      10. They value your feedback

      Millennials need acceptance. They need to feel validated. Many view this as a negative, but this can be a great thing in the workplace. Millennials need feedback, and they will listen to the constructive criticism you give them and use it to constantly better themselves.

      11. They are flexible

      As Forbes staff writer Caleb Melby highlights, “We are taught to think that if something has been a certain way for very long, there’s a possibility that it’s no longer good enough.” We are constantly working against stagnation and towards new ways of thought. That also makes Gen Y very flexible and used to change. We roll with the punches.

      With Technology:

      technology

        12. They’ve grown up with it

        I remember the first time using a computer. However, it was so long ago that I barely remember it. Millennials have grown up with computers. We were the first generation to have computer classes in elementary school. We are the first generation that has had technology be a major part of our lives for…well…our whole lives. Technology is only becoming bigger in the workplace, and it’s important to have tech-savvy workers.

        13. They’re the best at social media

        Millennials are known for constantly being on their phones. They’re Tweeting, they’re Facebooking, they’re Pinning, they’re Tumbling. (Is that the word for using Tumblr? I’m more of a Pinterest gal.)

        Millennials have also grown up with social media, and they understand it better than any generation ever has. They also understand the potential it has to spread awareness and information. After all, social media is their life.

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        In The World:

        right thing

          14. They’re ethical

          As more millennials enter the workforce, it’s likely that more good will be done in the world. That is, half of Gen Y thinks it’s essential to work for a company that is ethical. They’ve got their hearts in the right place.

          15. They’re charitable

          Millennials are also very enthusiastic about donating to charities, volunteering their time, and being active in their communities. Firstly, the more people like this in the world, the better. But as an employer, hire a millennial, and you’re hiring someone who will serve as a great face for your company.

          16. They care about the bigger picture

          Millennials are able to see what really matters. They believe that success of a business isn’t defined by finances alone, but how the business has improved society.

          Generation Y is looking to change not only the office space, but the world as we know it.

          And they absolutely will.

          Featured photo credit: _MG_9622/meckert via flickr.com

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          Last Updated on September 29, 2020

          How to Start an Online Business That Will Grow and Succeed

          How to Start an Online Business That Will Grow and Succeed

          Unsurprisingly enough, all businesses are online today. Considering the advances in the smartphone industry as well as the increasingly accessible internet facility, it was only a matter of time before businesses took advantage of the online environment.

          This increasing popularity makes for a promising future for a lot of young entrepreneurs. And knowing how to start an online business will open up a world of possibilities for you that was not possible 10 years ago.

          So, keeping the potential for exponential growth in mind, let’s dive into the article below, and explore the steps of starting an online business that will bring you success.

          1. Becoming the Master of ‘ONE’ Trade

          Most successful online businesses are the master of one trade. And that’s why beginning with a niche is always a good idea.

          A niche market is a focused segment within a larger market. Imagine a men’s shoes market and then, imagine handcrafted brown Italian leather shoes for men. While the previous one is a bigger market, the latter one is simply a more focused segment within that market.

          Knowing the niche helps a lot to start an online business and if you are feeling a bit lost, here are some self-queries that will act as a perfect guide:

          What Speaks to Your Heart?

          This first way of discovering the niche is perfect for those who want to do what they love. Working in a market that you love will ensure that constant excitement and drive to do better, eventually leading to ultimate prosperity.

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          Decisions Based on Knowledge

          The second way is perfect for those who have a lot of untapped knowledge about a specific industry. Utilizing the insights on a specific industry is a great way to find a niche. This way, you’ll already know all the ins and outs of the industry and can easily get ahead of all the competitors.

          Undiscovered Potential

          Lastly, conducting research into various industries and finding an untapped segment is another amazing way of finding the right niche. This practice will require you to come up with a new and unique solution for uncatered audiences.

          2. When Is Your Idea Valid?

          All the great ideas for starting an online business needs to be valid. And once you have found the niche, this validation process is what comes next.

          Proving the soundness of the idea is not at all hard. A detailed industry examination is all you need initially to understand the value of the concept and recalibrate it to turn into a great online business.

          Market research is a systematic unraveling of the target market. This research will include all the information on the product/service you are about to sell, the target audience, and how the competitors are operating in this crowded market.

          This in-depth research will give you the initial idea of how the products can make an impact in the outside world. And once the small online business ideas are validated, it will be time to move on and craft a plan and start working on establishing the business.

          3. Crafting the Map to Success

          Having a proper plan for an online business is like having a map when you travel to an unknown city. This is a document that includes all the factual information on the business and crucial business data.

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          To help you out, here’s a list of all the information online business plans must include:

          • An idea of objective – The best online business plans always have a clear outline of the business goals and intentions. Having this clear outline will increase the efficiency of business functions later on. The target demographic, business model—all kinds of information needs to be a part of this document.
          • Taking stock of available resources – A startup needs to utilize all the resources it has, and that’s why the plan needs to have an in-depth outline of the financial resources in use as well as the employees and their expertise. With a better idea of all the resources in hand, starting an online business will be an easier process.

          4. The Virtual Storefront: A Process of Development

          The steps of how to start an online business are incomplete without the website creation process. With the right website approach, you can easily succeed in increasing business revenue.

          What does that perfect business website look like? Let’s follow these steps to create an effective business website.

          Choose Your Approach

          There are numerous ways of making a website and for a positive outcome, you need to choose the perfect approach. Depending on the business model, initial finances, and end goals, there are two kinds of approaches for the online storefront:

          • Third-party approach – Third-party platforms will connect you with the customers out there. For small online business ideas, Creating an account or site with these platforms will be beneficial because these platforms come with a large array of services as well as a big enough existing consumer base ready to utilize.
          • Creating a new website –  A business-specific website will help you eliminate the third party go-between and connect directly with the buyers. With this approach, you get more control over the business and how it is presented to the consumers out there and the revenue you make. Any of the above-mentioned approaches can be beneficial for easy online business startups. However, to achieve some specific business goals, having a customized website will be more beneficial for you.

          Design Can Bring You Maximum Success!

          For those who have decided to create their own site, the design is of paramount importance. With a great design, you will be able to engage and interact with the visitors better and encourage them to make a purchase.

          The design, however, is not just a matter of aesthetics. A website’s design encompasses all aspects of it, from the visual effects to the content that’s used on the site.

          To create a truly amazing design that reflects new online business concepts here are a few matters to consider:

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          • Keep it responsive – Many markets are simply skipping over the desktop phase and launching the business for mobile users around the world.[1] Considering this popularity of the mobile internet market, the business website has to be responsive. This approach will help you to reach a bigger audience and conduct business on a larger scale.
          • Users want a fast experience – Using high-quality images on the site does improve the visuals, but make sure all those images are compressed. Having a faster website will enhance the user experience on the site. Besides compressing all the media content on the site, you can also utilize an asynchronous loading technique that loads all the contents simultaneously, reducing friction. With a faster site, it will become easier to implement the online business startup ideas into reality.
          • Define the brand – The design stage determines a lot of things for the business website and one of those things is the business image. To make an impact on the world with the business, you have to create a perfect image and for that, a brand guide is necessary. The brand guide is a document that includes all the information and guidelines on various visual elements on the site that makes up the business personality. Based on the kind of image you want to create, all the elements will be outlined in this documentation.

          Where the Website Becomes Reality

          Since we know how website design helps to launch a successful online business, it is time to move onto development. Online business development is where the idea becomes a reality. And to make this reality perfect, you need to make sure that the development and deployment process goes well.

          A high performing site always includes all the right features that enhance the user experience as well as helps you to convert more traffic. And for the best results, ensure the use of only the latest tech stack during development.

          Here are some development issues you have to pay attention to while building the business website:

          • The right partner makes all the difference – For small startups who are wondering how to start an online business, finding the right development partner is going to make all the difference. However, before making a decision, there are a few things you should contemplate. The team that you are about to hire should have experience in catering to your industry, as well as an extensive portfolio and good reviews. Additionally, it will be perfect if the agency or freelancer also provides a 360-degree service, from development to maintenance.
          • How to assure the quality of the site? – Testing the site is an integral part of the answer to the question of “how to start an online business?”. An experienced partner will be able to help you the most with this. From security testing to split testing, this stage in development will help in understanding how well the site functions and what needs to change. And once the changes are made and the test results come clean, it will be time to launch the website.

          5. Some Tricks to Increase Online Sales

          Selling online is not easy, but not hard either. In a physical store, you can use campaigns, go door to door with pamphlets, and such. However, successful online businesses have their own style of campaigns that helps them to sell more without any problems.

          So, what are these tricks?

          Utilize the Magic of SEO

          With an increase in quality traffic, the sales ratio will go up too. And to drive quality traffic on the website, you need to utilize the SEO tricks, and probably hire an SEO expert.

          When starting an online business site, ensure all the content on the site is optimized to rank for the right queries by target consumers. With a higher rank on the SERP, the traffic will increase on the site.

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          With the increase in quality traffic, it will become easier for you to convert visitors. The visitor data will help you to adjust the site performance. In brief, utilizing SEO will open the doors to a lot of possibilities for your small online business ideas.[2]

          Entice With Free Value

          Consumers today have lots of options to choose from. And keeping all that in mind, it will be wise to create a business plan for an online startup that provides free value to the users before asking them to buy something.

          Consumers want to buy from someone who knows what they are doing, especially in the case of a curated service or goods provider. And that’s why to turn the profitable online business ideas even more effective, you need to start offering free value on the site, with free products and content.

          Having a blog is also another way of displaying your expertise. With specialized content on the industry, you can easily grab the attention of the audience. And once assured of your knowledge on the matter, consumers will feel a lot safer about making a purchase.

          A Killer Customer Service Is Everything

          Your small online business idea needs a better service option. Using AI-based interactive features to implement better support for the global consumer base will prove to be extremely beneficial. With a 24/7 automated support channel, customers will be satisfied with your business and come back more often.

          It’s an Easy Process: All You Have to Do Is to Start

          And there it is, the simple five-step process of starting an online business that is bound to succeed. If you look closely, you’ll notice that there are not a lot of differences between creating a physical business and an online one. The main differences are only in the consumer and competitive landscape.

          While a physical store faces and caters to local competitors and consumers, the online business has to deal with the same on a global basis. So, focusing well on the global market landscape while crafting the plan will help you succeed.

          More Tips on How to Start an Online Business

          Featured photo credit: Austin Distel via unsplash.com

          Reference

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