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Creating Successful Leaders

Category Archives: Changing Your Life

By Margaret Smith, UXL:
SPEAKER | CAREER COACH | CERTIFIED INSIGHTS DISCOVERY PRACTITIONER
It’s a commonly-known fact that women make less money on average than men. Woman also still routinely adopt the role of caretaker for aging family members and children. Gone are the days when a woman can think about her future and her finances in terms of reliance on a husband—and thank GOD! However, although women now work in a world that is founded on their financial independence, many women have not fully asserted themselves.

According to an article in Minnesota Monthly, women are often less growth-oriented about their money and tend to focus on maintenance. The article explains that “31.8 percent of women labeled themselves conservative investors, compared to 21.7 percent of men.” This penchant for a more supportive approach means that women are practicing a day-to-day, reactive style of financial planning instead of creating larger, future-oriented strategies.

How to Improve your Financial Future in 7 Steps

1. Think Long-Term: Take the time to set long-term financial goals instead of practicing routine money maintenance. Have you established savings goals for the year, the next five years, the decade?

2. Play a Role: Even if you’re in a committed relationship, make sure that you play a role in every aspect of your household finances. Although it’s an unpleasant reality, all marriages end eventually, whether through death or divorce.

3. Consider Retirement: If you have not begun to stock a retirement fund, do so asap!

4. Invest in Education: If you haven’t already chosen to earn your degree, do so now. People with degrees make significantly more money on average.

5. Expect the Unexpected: Create an emergency fund worth 3-6 months of your living expenses. Financial emergencies are a fact of life, and job loss (as the downturn has illustrated) is a very real possibility.

6. Up Your Financial Literacy: Meet with a professional advisor, seek advice and expertise from the people you trust, or take a course in financial planning or investing.

7. Request What You’re Worth: Womankind’s key to defeating the earning gap lies in our ability to relay our worth and ask for what we deserve. Know what financial compensation your skills deserve and learn to ask for it.

If you act on even one of these pointers you’ll improve your financial future.

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By Margaret Smith, UXL:
SPEAKER | CAREER COACH | CERTIFIED INSIGHTS DISCOVERY PRACTITIONER
When organized and executed well, the power lunch can be a perfect mixture of work, play, and hunger-quenching. To improve your power lunch performance, read the easy list of business lunch basics below.

The Basic Rules of the Business Lunch

1. Place the Focus on Lunch: Consider calling it something besides a “power lunch” to avoid making your lunch partner feel like they’re about to endure another interview or staff meeting.

2. Don’t Be Late: If you’re the host, show up early to double-check your reservation and make sure that your table is appropriate.

3. Select the Perfect Restaurant: Choose somewhere convenient for your lunch partner. Going somewhere convenient helps others to feel at ease. A restaurant with which you’re already familiar is a great choice. Inquiring as to your lunch partner’s dietary preferences or limitations is also a great move.

4. Don’t Jump Straight into Business: Let your lunch guest be the first to breech work subjects. This keeps things comfortable and sincere.

5. Know Who Pays: Simply put, if you’ve made the reservation, you should pay. Consider leaving card information with your server ahead of time to avoid snafus or confusion.

6. Show Some Respect: Show wait staff (including your hostess, server, food runner, manager , etc.) the utmost respect. How you treat these people says leagues about how you do business.

7. Avoid Online Reservations: Always make and confirm your reservation over the phone or in person to ensure that your table doesn’t fall through the cracks. Make any requests concerning your seating preferences during this conversation.

Do you have questions about developing your career, business, or landing the job of your dreams? Would your career benefit from informed advice about finding more customers and building a network that gives back? Contact UXL Today to transform the future of your business or career through guided professional coaching.

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By Margaret Smith, UXL
SPEAKER | CAREER COACH | CERTIFIED INSIGHTS DISCOVERY PRACTITIONER
Atul Gawande had been a surgeon specializing in endocrine surgery for eight years when he decided to explore the role that professional coaching could play in his career. This exploration of coaching was described in his article, “Personal Best: Top athletes and singers have coaches. Should you?,” published last October in The New Yorker.

The article examines the way coaching has historically played a traditional role in some fields, while failing to be a standard practice for professional development in others, such as his own medical field.

Initially, Gawande turned to coaching because his progress seemed to plateau. “During the first two or three years in practice, your skills seem to improve almost daily,” he explained. Although he excelled in his field, beating national averages, the surgeon feared that “the only direction things could go from here was the wrong one” because these results, despite their superiority to national data, had ceased to improve.

Instead of accepting that what he’d achieved was the best, Gawande decided to turn to coaching to push his professional career even further.

Despite coaching’s benefits, the surgeon acknowledged that many professionals do not opt for coaching for a number of reasons. “The concept of coaching is slippery. Coaches are not teachers, but they can teach. They’re not your boss—in professional tennis, golf, and skating, the athlete hires and fires the coach—but they can be bossy.

Professional athletes have long relied on coaches to enable their success, but this model is rarely mimicked in other professions. Gawande notes that the foundation of athletic coaching is a premise that differs from other professional education or training systems. He explains that “coaching in pro sports proceeds from a starkly different premise: it considers the teaching model naïve about our human capacity for self-perception. It holds that, no matter how well prepared people are in their formative years, few can achieve and maintain their best performance on their own.”

Unlike formal education and workshops, the result of coaching on a person’s professional abilities and skills is quantifiable and enormous. The concept of coaching was introduced to a group of public school teachers, and the result when compared with the system’s typical workshop-based strategy was dramatic:

“Workshops led teachers to use new skills in the classroom only ten percent of the time. Even when a practice session with demonstrations and personal feedback was added, fewer than twenty percent made the change. But when coaching was introduced—when a colleague watched them try the new skill in their classroom and provided suggestions—adoption rates passed ninety percent.”

Coaching works because it offers an outside set of eyes and ears. It allows you to be aware of where you’re falling short and can help individuals who feel as though they’ve exhausted everything they know, or feel burnt out and isolated. Coaching also boosts professional satisfaction as you continue to refine your techniques and skills through innovative guidance.

Gawande summarized the radical effect coaching had on his life when he reflect, after his first session with his coach, “That twenty-minute discussion gave me more to consider and work on than I’d had in the past five years.”

Granted, the thought of hiring a coach can be daunting to many professionals who fear exposing themselves to the thoughts and judgments of others. The largest barrier, the surgeon admits, “may simply be the profession’s willingness to accept the idea. The prospect of coaching forces awkward questions about how we regard failure.”

Instead of viewing coaching as a failure to succeed independently, consider it in the context used in pro sports, and opt for coaching as a means of enhancing your skills and professional life.

 

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