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Exercise, Sleep Are Key to Not Bringing Home Work Frustrations

A self-employed consultant I worked with some years ago once told me: "Being self-employed, I work 12 hours a day, and worry the other 12."

This is the lot of both self-employed professionals and small businesses owners.  You awake each morning only to stare your boss straight in the eye as you shave or put on makeup.  You're it.  You're the one with the weight of your business squarely on your back.

The question becomes, how do you manage yourself so you don't burn yourself out?  Even if you absolutely love what you're doing, the never ending grind of running your enterprise can and will take a toll on your home life and your health.  Unless you learn to manage yourself.

This paper from the University of Central Florida points out two simple ways of not taking home your work stress.

Walking daily.Getting adequate sleep.
Additional benefits based on other vetted research clearly shows that daily walks and adequate sleep are also key to keeping your creativity…

How long do businesses survive?

I remember when I first was involved in with small businesses reading an article that stated firms tended to stay listed on the big board about 40 years, Some much longer, some much shorter.

When you start a business, how long should you expect it to survive?  This is a round-about way of asking, "what is your goal with this?"

To make a living off it until you retire then hand it off to your kids? To build it up and sell it at a profit?  Are you a serial entrepreneur and this is your addiction?  Do you want to prove your market concept and start a franchise operation?Do you plan on creating the ultimate product and taking over the world? (See Microsoft)Have you thought about it at all?
The short answer about how long businesses survive is no one really knows.  There are best guesstimates but as this study points out, there is little real data on the question.

Here's an earlier post about small business survival rates:

The Facts of Small Business Survival Click to read *  …

How you talk about your business effects your employee's performance

It's a given: how a business owner treats his or her employees is how the employees treat the customer.

It goes further.  how a business owner talks about his or her business effects how the employee views the business and their job.

What do you say about your business?  Are you upbeat with  positive view of your goals and what you are trying to accomplish?  Does a negative attitude toward your customers and employees color your speech?  Or worse, are you vague and nonspecific about what is in your enterprise for customers and employees.

It's part of the discipline of running a business to keep any negative emotions and opinions to yourself, and to present a positive, confident persona.

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Picture this: How the language of leaders drives performance
The language of leaders has a profound effect on the performance of their employees, new research shows. The research shows that how a company presents its vision and values is deeply entwined with its overall success.

A…

Business should embrace 'boomerang employees'

What should you do when an employee leaves. . . and later asks to return?

It may be an emotional instinct to react by rejecting their request to return.

But why?  If you take it as a personal rejection when an employee leaves, you may be cutting off your own nose to spite your own face.

As these studies from the University of Illinois point out employees leaving then asking to return may just be offering you a big compliment to the way you do things.  Perhaps they thought they'd be better off elsewhere only to find they were well off where they started.  Not a bad message for other employees to hear if nothing else.

Boomerang Employees
Organizations of all types are beginning to recognize and embrace the value of recruiting and welcoming back former or boomerang employees. From infantry soldiers to chief executives, accountants and professional basketball players, many organizations proactively recruit and rehire former employees as a way to offset high turnover costs the cost an…

Too Much Structured Knowledge Hurts Your Creativity

As has been pointed out  many times, too much knowledge is a bad thing.
Why?
Research by John-Erik Mathisen & Jan Ketil Arnulf of the BI Norwegian Business School from among other studies shows that graduates with a Masters in Business Administration demonstrate LESS creativity than non-MBA graduates.
The reason is simple: our educational system focuses on training students in logically linear thought processes, while creativity and innovation involves lateral thinking, seeing connections between seemingly unconnected ideas.
For example, before Einstein linked them, physicists from the time of Newton saw little if no relationship between energy, E, and mass, M.  In his 1905 paper on optics Einstein showed the specific relationship in his equation E=MC2, the relationship being the speed of light squared.  Big idea, perhaps the biggest of the twentieth century.
Had Einstein relied on his knowledge of existing science, he would have missed the relationship.  He literally thought out…

2016 Startup Activity Gained Momentum

Startup Activity Gains Momentum in Most States and Metros, According to Latest Kauffman Startup Index
 A majority of U.S. states and metro areas are experiencing higher rates of new business creation, following the national trend, according to 2016 Kauffman Index of Startup Activity State and Metro Trends data released today by the Ewing Marion Kauffman Foundation.

Thirty states saw higher aggregate levels of new business activity compared with the previous year. Smaller states felt more headwind in the most recent year, when 11 of them saw a contraction in new business creation. By comparison, only five larger states experienced year-over-year contraction.

Twenty-three out of the largest 40 metro areas experienced an increase in startup activity.
“These reports are critical to solving the puzzle of why entrepreneurship thrives in some places and not in others,” said Victor Hwang, vice president of Entrepreneurship at the Kauffman Foundation. “Policymakers, practitioners and entrepreneu…

Consider the role of the family in career planning

Non-work orientations are related to higher career and life satisfaction
The study shows that the salaries of people who have strong non-work orientations are not negatively affected. In addition, they are happier with their career and with life in general.
When planning a career, many people take non-work orientations into account, such as family, personal interests and civic engagement. Psychologists from the University of Bern (Switzerland) have found out that people who strongly consider the role of the family in career planning report more satisfaction with their career and their lives in general. Surprisingly, non-work orientations also showed no negative effects on earnings.
People differ greatly in terms of how much they consider nonwork roles, such as family, personal interests and civic engagement when making career decisions and planning their career. Up until now, it was unclear how the consideration of nonwork roles affect career success and satisfaction with life in general.

T…