Business News

Friday, 22 March 2024 04:35

7 bold leadership steps for an underknown and undervalued brand

"We do such great work, and no one knows or cares!" This was the fundamental complaint of the large complex organizations that came to my firm for help with their brand image. They felt underknown and undervalued, and it hurt. The solution was not jumping into advertising or PR campaigns. Instead, it begins with them getting super-clear on their core identity-and determining if they were being who they wanted to be. As part of the process, we ask these challenging questions: In a few words, what is the core of your organization's identity? How do you want the world to…

Thursday, 21 March 2024 05:02

7 critical steps from a lone business founder to a winning team

You can't win as a new venture founder working alone. You need to have business relationships with team members, investors, customers and myriad other support people. That doesn't mean you have to be a social butterfly to succeed or introverts need not apply. It does mean that you need to look, listen and participate in the business world around you and network through all available channels, like business-oriented social networks online (LinkedIn), local business organizations (Chamber of Commerce) and events or conferences in your school or industry. I hope all this seems obvious to you, but I still get a…

Wednesday, 20 March 2024 04:36

CBN removes restrictions to FX access for importation of diary products

Central Bank of Nigeria (CBN) has lifted its restrictions on the importation of milk and dairy products. On February 11, 2020, the CBN added milk and dairy products to the list of items not eligible for forex. However, in a notice to customers, Zenith Bank said the regulator had provided an update on eligible items for foreign exchange in a notice to commercial banks on March 12. “Please be informed that the Central Bank of Nigeria (CBN), through its circular Ref No. TED/FEM/PUB/FPC/001/010, dated March 12, 2024, has provided an update on eligible items for foreign exchange (Non-Valid for FX),”…

Wednesday, 20 March 2024 04:30

3 red flags recruiters look out for in job candidates

A majority of people, 95%, intend to look for a new job this year, according to a January 2024 survey by jobsite Monster. And many anticipate it will be challenging. More than half, 68% say they think it will be difficult to find one given the state of the economy. While finding work opportunities can be challenging, there are ways to conduct yourself that could make doing so even harder. “There’s something called validation seeking behavior, aka desperation,” says Lindsay Mustain, a former Amazon recruiter and current CEO of career coaching company Talent Paradigm. She adds that “it’s that ‘pick…

Tuesday, 19 March 2024 04:49

The No. 1 trait bosses look for when promoting employees, says ex-CEO

I’ve always thought that promotions were largely based on how hard you worked, or how long you’ve been at a company. While those two qualities may play a role in someone moving up the corporate ladder, I recently learned that bosses often look for something more subtle as the deciding factor.I chatted with Bill George, a Harvard Business School executive fellow and former CEO of health-care company Medtronic, who told me the top traitleaders look for when considering employees for a promotion is someone who guides and inspires their team.People who “focus on doing an outstanding job in leading [their]…

Monday, 18 March 2024 04:19

Mark Cuban looks for 2 qualities in employees: ‘If they fail on either one, you’re going to be in trouble’

Whether or not you get hired by billionaire Mark Cuban comes down to two qualities: culture and competency. They’re the “two things that matter the most,” Cuban said during a MasterClass course released last month. “Are they competent enough to do the job? And do they fit in the culture of the organization? If they fail on either one, you’re going to be in trouble.” Culture is more important than raw talent, Cuban said. Most of the workforce agrees: 56% of workers rank a strong workplace culture as more important than salary, with more than 75% of employees saying they’d…

Friday, 15 March 2024 04:41

4 powerful ways to set goals like a pro

Setting goals is the way most of us get things done – in life and in business. We set the goal to get a new job or move to a new place. We set the goal to learn how to speak a new language or make money by investing in real estate. And when it comes to delivering the very best products and services to our customers, we set goals to give our people direction and a target to shoot for. The thing is, many leaders spend far too much time creating long lists of goals and too little time…

Thursday, 14 March 2024 04:44

Use this ‘tried and true’ trick to stand out at work—especially if you’re an introvert

Speaking up in meetings can be intimidating, especially if you’re an introvert — but failing to make your voice heard at important moments could hurt your career. That’s at least according to Juliette Han, a Harvard-trained neuroscientist and adjunct professor at Columbia Business School. As Han, a self-identified introvert, explains, your deference during meetings or conversations at work “could accidentally cause you to become invisible” and get you overlooked for a promotion, pay raise and other opportunities. But you don’t need to be the loudest in the room to be valued and recognized for the work you do. There’s a…

Wednesday, 13 March 2024 04:43

The No. 1 mistake that can lead highly successful people to burnout

A medical student once confessed to me that if he’s not on the verge of a breakdown, he feels like he’s not working hard enough. A CEO told me that waiting to pick up her kids from school makes her feel panicky, like she’s wasting valuable time. A software engineer shared that they skip meals sometimes for fear of falling behind. As an instructor of psychology at Harvard Medical School and a therapist who treats anxiety and depression, I’ve encountered plenty of people who exhibit these and other signs of toxic productivity. What is toxic productivity? Productivity becomes toxic when…

Tuesday, 12 March 2024 04:24

42-year-old left corporate job and built a side hustle—now she works as little as 3 hours a week, brings in over $1.7M a year

At age 10, Jenny Woo got really good at reading nonverbal social cues. It was out of necessity: She emigrated from China to Houston, and didn’t speak English. She connected with her peers largely through what she now defines as emotional intelligence, or EQ — watching their body language and listening to the tones of their voices to learn what excited, inspired and angered them. In the decades that followed, Woo turned her EQ skills into a career at corporations like Deloitte and Cisco, training managers how to better communicate. She spent some time helping run her kids’ Montessori school…

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Monday, 11 March 2024 04:36

5 things all good bosses have in common

Being the type of boss that people want to work for means you are less likely to have employees who quit, or who stay but aren’t engaged or productive. We write a lot about bad bosses. After all, a bad boss can ruin everything you might like about your job. But what about the good bosses? The people who support your career development, make you feel valued, are open to feedback, and who hold themselves accountable? Good bosses are out there; and chances are, if you’re reading this you might be a manager who (like me) hopes that the people…

Saturday, 09 March 2024 04:48

From trade surplus in Q3, Nigeria recorded N1.4trn trade deficit in Q4 2023 - NBS

National Bureau of Statistics (NBS) says Nigeria recorded N1.41 trillion trade deficit between October and December of 2023. On Friday, NBS made this known in its foreign trade report for the fourth quarter (Q4) of 2023. In the period under review, Nigeria’s exports totalled N12.69 trillion, and total imports N14.11 trillion — which gives a trade deficit of N1.41 trillion. A trade deficit is an economic indicator of a negative trade balance in which a nation’s imports outweigh its exports. “In the fourth quarter of 2023, Nigeria’s total trade was N26,801.95 billion. Exports were valued at N12,693.62 billion, while imports…

Friday, 08 March 2024 04:41

3 simple ways to become more influential at work

You don’t have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. They can help you show your peers and bosses that you have strong ideas, form meaningful connections across your workplace, improve your job-related skills and maybe even land you a promotion, he says. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face…

Thursday, 07 March 2024 04:44

How to find balance as a CEO, according to executives who’ve found it

Some executives disconnect from the job, while others rethink their work. Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclusive approaches to leadership drawn from conversations with executives and entrepreneurs, and from the pages of Inc. and Fast Company. If you received this newsletter from a friend, you can sign up to get it yourself every Monday morning. Last month Modern CEO highlighted the topic of executive burnout, noting that 19 of the CEOs tracked in Challenger, Gray, and Christmas’s annual turnover report died on the…

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