Admittedly, I love coffee. I love its aroma, its smoothness, its complexity, and its flavor (well at least good coffee). More importantly, I love the way it makes me feel. It jumpstarts my day, increases my productivity, and improves my ability to work with others. However, I need to be careful about how much caffeine I take in throughout the day. Sometimes I need to downshift and drink a cup of tea. Sometimes I may need to detox and just drink water. Thankfully, there are ways that you and I can use to optimize our caffeine consumption.
In the business world, people always talk about networking, networking, and networking. So, why do people keep talking about this concept of networking? What is networking? Why are the benefits? I am here to answer those questions for you.
From time to time, we are put in stressful situations. These situation could last for hours, days, weeks, or even longer. Many times, there’s very little you can do about the external circumstances that bring on stress. Things just happen. However, you have a lot of control over the way you react to these circumstances.
There are certain things you should never, ever do at work. Even though some work environments may be very relaxed and collegial, there’s always a line. Over the last 8 years of working in the corporate world, I’ve seen some things that will make you shake your head. Here are some of the most inappropriate things I’ve seen coworkers do. Fortunately, the majority of these are from a select (and very special!) few and not representative of my former and current coworkers as a whole.
Recently, I watched a documentary on Amazon about Huy Fong Foods (the maker of the famous Sriracha sauce). The documentary follows David Tran, an ethnically Chinese immigrant from Vietnam, and how he built his company over the years. I was fascinated by the story and how the US version of Sriracha sauce came to be. Within that story, there are so many business lessons that we can learn. I will detail some of those lessons below.
You’ve put hundreds of hours into a side business that has generated consistent earnings for you. If you are looking for a job, why not use it to sell your skills? As long as your employer doesn’t think that you will quit your job in the near term to pursue your own business, you can leverage that business experience into a position. Here are a few examples.
I went to college at a small liberal arts school where quality writing was emphasized in all courses, including math and sciences. I remember having to clearly explain my solutions in calculus using full sentences. I remember my freshman core writing seminar and how poorly my papers were written. Over time, I learned to appreciate quality writing and understand its importance, power, and elegance.
CareerBuilder conducted a study to figure out the worst and best resume terms to include. What they found was that managers highly preferred terms that indicated positive results in your work rather than terms that describe your abilities.
“Hiring managers prefer strong action words that define specific experience, skills and accomplishments,” said Rosemary Haefner, Vice President of Human Resources at CareerBuilder. “Subjective terms and clichés are seen as negative because they don’t convey real information. For instance, don’t say you are ‘results-driven’; show the employer your actual results.”
In order to have money left over to invest towards retirement, retire early, or just to build wealth, chances are you’ll need to figure out a way to save more money. Of course, cutting that $2 daily cup of coffee will add up in the long run. However, that $2 is probably just a very small percentage of your overall spending. In addition, you’ll end up brewing your own cup of coffee, which will save you money, but there’s the added cost of all the time that you’ll spend every morning grinding the beans, waiting for the coffee to brew, and cleaning up your pot. Not to mention, if all that work doesn’t energize you, you’ll have further depleted your mental power before you even start your work.
Some positions will require that you be given a business case study to test your business acumen and analytical skills. If you are interviewing for a top consulting firm, such as McKinsey, BCG, or Bain, then my framework will be too simple for you. There are entire books and courses that teach you how to structure, break down, and solve business cases for interviews at those consulting firms. I've personally gone through many cases myself and practiced with others. Here, I have taken the key lessons I have learned and condensed it into one post by providing a simple framework that will work for the majority of Fortune 500 business case interviews.
Professional Development and Personal Finance Blog