Emotional Intelligence - cfagbata

Leading With High Emotional Intelligence (EQ) While Working Remotely

With the challenges that accompany remote working, the application of high Emotional Intelligence, (EQ), is very necessary to succeed.

Some quarters have termed EQ as a more driver of success in leadership, than IQ. With the necessity of remote working, the need for EQ is becoming more apparent.

When you exhibit substances like confidence and empathy in remote working, you display tendencies of being able to thrive in the leadership space.

Listed are some ways you give a spark to your EQ while working remotely.

Laughter

A leader with a good EQ must first be self-aware, as it often brings out confidence.

As a leader, you have to understand both your strength and weakness.

Simply laughing at yourself may likely decrease your anxiety.

A self-aware leader, will admit to his failures and have a laugh off about it.

This inspires trust in your team, as they see you as approachable.

Laughing at your own shortcomings shows that you are confident and comfortable.


Also read, Emotional Intelligence: How To Make It Work For You


This is, even, more quite essential in this remote working system, as you have missed the connections with the physical office.

Sometimes, remote working in the day might just spill over to the night, which rarely happens in normal office time, therefore it would be necessary for work, not to be taken too seriously.

At this point what is needed is a tonic of laughter, to ease the tension in hard times like these.

Know when to quit

In times like these, when you cannot simply walk over to your colleague in your office space, tools like Slack, Asana, etc., have made communication quite effective.

These tools can, however, be easily abused. Sometimes, leaders ought to understand how the tone of their messages will be received on these platforms since there is no physical meeting.

You do not have to start firing questions at an alarming rate and equally expect quick responses.

A display of high EQ is necessary here, so as to allow for great feedback from your team members

Show empathy

This quality is a very strong attribute for people with high emotional intelligence display.

In a remote working system, you may have a good setup, but your team might not be convenient with that arrangement.

Remember that, not all your team members have good internet connectivity, a quiet home office and other factors that can guarantee.

With all sincerity, working remotely can be pretty overwhelming.

True that some of these challenges may not fly away overnight, however, the method leaders can take is what will make the difference.

Leaders should create an enabling platform, for open dialogue with their teams.

Casually checking on your team will give them the opportunity to ask questions, then, you can communicate with them, beyond a formal level.

Your employees are humans and not robots. Treat them with empathy. Conversations like these can assist leaders have a better grasp of how their team is faring.

A bit of relaxation is, even, needed in your formal meetings. Do not take it too hard on them.


Featured Image: c3-marketing.de

Nigeria - cfagbata

Nigeria at 59: What are you doing about Changing the Narrative?

Nigeria is 59 today!

Yes, the Nation known as Nigeria was granted Independence by the British precisely 59 years ago. Since then, she has been trying hard to get her acts right but alas, many of the indices for National development are red.

I clearly recall that many years ago, people always referred to Nigeria as the giant of Africa, this is 2019 and looking at the realities of today, I think it is honestly fair to refer to Nigeria as the ‘sleeping giant of Africa’.

So, how do we awaken this sleeping giant?

This is the big question we have to answer as a Nation. For a lot of people, there is really no answer to this question and so they have made a decision to simply migrate in search of greener pastures or/and as many would say because they want better opportunities for their kids. Whatever be the case, the reality is that some of our smartest brains are leaving the country in droves and we need to curb the situation.

Well, this leads to a follow-up question and which is simply, what are we all doing individually and collectively to change the narrative?

If you are reading this post, then please take out time to answer this question. It is very convenient to blame the Government for everything – I agree that the Government at all levels has failed but do we wallow in that challenge or individually and collectively do something about the situation?

If by any chance, you follow the work that I do, then you may realise that while I acknowledge and appreciate the challenges, I am doing all I can to be the change I want to see.

Let me mention some of the few things that I am doing to make a difference:

  1. Tech Trends, Channels Television: my goal for the show remains the same, serve as a voice for technology in the country.
  2. ICT Clinic, Punch Newspapers: highlight challenges and policies affecting the growth of technology in the country.
  3. Founder Institute Lagos: our goal is to ensure that we create opportunities for more people looking to launch a startup. I believe entrepreneurship is one way to help accelerate the development of our country Nigeria.
  4. Innovation Support Network (ISN) Hubs: a network focused on helping deepen the growth of entrepreneurship in the country.

I love what one the Founders at FI.co Lagos and CEO, Rentit.ng, Seun Abimbola, wrote here about what Nigeria can look like come 2035. Do you believe?

These are some of the ways I have committed to continue adding value for the sake of our dear country.

So, my question to you as Nigeria celebrates 59, what are you doing differently to change the narrative?

For every big challenge Nigeria faces, there are 10 possible solutions/opportunities out there.

– Prof. Charles Soludo, Former CBN Governor

Shared vision - cfagbata

Creating A Shared Vision In Your Organisation

No matter what crop of people your organisation is made up of, you ought to get around yourself, people, who would understand what the vision of your organization is all about.

They should key into it, such that, they spread the word, to others and give a helping hand to you, for eventual success, going forward.

This process might appear difficult, but following these steps, would help you go about, making your shared vision, a working principle, with your staff:

Make It Practicable
shared vision - cfagbata
Credit: YouTube

Creating a vision for your organisation, sets you, on a path, with a specified direction.

It is something that the people around you would, often, understand, believe in its reality and are ready to go the extra mile with you, over it.

Your shared vision is, not just a product, but a totality of what you embody, as an organisation, it explains, why you are in the business, in the first place.

Vision is not just a word of mouth thing, it is a motion you set rolling, for the actualisation of your dream.

You may need to be self-aware of the following, to ascertain, if you are on the right track;

The primary purpose of your organization

Your core values and how well your company stands, to represent it

What your company aims to accomplish, going forward

Taking a look at the above, the next step is to set the ways, to get them accomplished, by carrying your people along.

Have Ambassadors
Credit: crazyegg

Your organisation has grown, but you would realise that you cannot always be everywhere.

This development alone, suggests that you need to get around yourself, people, who would assist you, in expanding your vision.

You require a team, that would help scale your organization, just like the way their brand ambassadors function.

For this article, we can describe this team, as Vision Ambassadors.

Their specific job description is, to help build enthusiasm around your vision.

They would help you look out for those gray areas while keeping the team on their toes, to align, towards your vision.

Have Checks And Balances

Startup organisations have all forms of challenges, nevertheless, it would be out of place, not to create a structure that would effectively respond, to organisational challenges.

We do not have to remind you about the statistics concerning the small-business success rate, or, the difficulties, facing non-profits that, want to get off the ground.

The truth is, organisations have barriers of all kinds.

One of the most frustrating things, however, is not taking the time to create a resilient organisational structure that can respond effectively, to changes and challenges.

Asking the following questions would help you, with putting down structures, for checks and balances;

  • What is the structure of your organisation?
  • Are there systems for process improvements?
  • Is everybody in line, to press for an effective change?
  • What behaviors, are expected from members of your organization?

Remember that, people cannot share, in your vision, if you give them the impression that, you are rigid.

Establish an environment that does not frown at feedback.

Leaders need to create a foundation that is, not too regimented, otherwise, your followers might fall out of your shared vision.

It is not enough, to have a vision for the growth of your organization.

You need to take it a nudge higher, by relating it, to your team and giving them a reason, to be inspired, about it.

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How Can Beta Leaders Transform Your Business?

The old leadership style has seen an age-long dominance, by traditional alpha leaders.

Nowadays, the new generation of leaders appears to be more democratic, while embracing diversity, in the quest for creating a stream of potential leaders.

These leaders do not deny their vulnerability and they can be pretty emotional. They are referred to as beta leaders.

Let us consider some of the characteristics of these beta leaders:

They Are Democratic

Beta leaders have the ability, to leverage every member of their team, in getting them keyed, into the mission and vision of their business.

They prefer to bring out the best, out of their team members, as they realise that, every member of their team, is valuable and their contribution matters.

They Know The Importance Of EQ
Credit: Slideshare.net

You cannot take away the importance of data, in making important decisions, nevertheless, feelings and emotions cannot be put aside, when it comes to decision making, as they play a huge role in it.

The concept of beta leadership has the ideology that, data cannot prove the validity, of your decision alone. The input of your emotion is, also, important.

Vulnerability Is Not An Issue

There is always, transparency and openness in their game.

They are not afraid, to let out the weak side of their humanity, with their team members.

Showing this side of yourself, to your members, creates an atmosphere, of no tension, thereby, giving room for generating effective ideas.

A beta leader knows the state of their imperfection; they are also prone to mistakes, yet, they are resilient.

They Coach, Rather Than Direct

Beta leaders - cfagbata

The alpha style of directing puts you, in the position of an expert, dictating all that you want your team to do.

Beta leaders, on the other hand, prefer coaching, as a fundamental tool to develop team members.

They Embrace Diversity

Beta leaders - cfagbata

Every company has its own workplace culture. Beta leaders understand that, they are not an island of knowledge.

They, also, cannot know all the cultural background of their team members.

There are so many cultures, filling the workplace. Betas practice “cultural humility”; they understand that, they lack the knowledge to coach people that come from different historical backgrounds.

If they understand where their team came from, they can create a more effective group. Beta leaders do set time aside, to really get to personally know the people that work for them.

Venture capital - cfagbata

The Need For Venture Capital Funding For A Startup

There are entrepreneurs out there, with awesome business ideas, but they do not have the needed capital, to fund their ideas, while some lack the basic discipline of pushing their ideas into the sphere of reality.

No matter how promising a business is, there will come a time, when the injection of more funds will be needed, to boost it.

That point is where investors come in and the funds invested, is called, Venture Capital.

Wikipedia defines Venture Capital, as a private Equity Capital that can be provided, at various stages, or, funding rounds.

Common funding rounds include, early-stage seed funding in high-potential growth companies, (Startup companies) and growth funding, is also referred to as Series A.

Funding is provided, in the interest of, generating a Return On Investment, ROI, through an eventual exit, such as a merger and acquisition, (also referred to, as M&A), or, Initial Public Offering, (commonly known as, an IPO), of the company.

Venture Capital is the finance provided, by investors, to Startup companies that they believe, based on empirical facts, has the potentials, to have long-term growth.

Venture Capital is, usually given by wealthy individuals, Angel investors, financial institutions, etc.

There are 5 stages when it comes to Venture Capital financing. Prior to the 5 stages is the Seed Stage

Seed Stage, (Breakfasting): This is considered, to be the first stage, where an individual approaches an investor and outlines his/her ideas, with the hope that, the investor will buy into the idea and want to fund it.

This stage also entails that, the individual will have to pitch the idea and after pitching, the investor will carry out some investigations, to verify every detail about the business and if it is satisfactory and economically viable, the investor will be willing to fund it.

Start-up Stage: This is the stage, where a business plan is presented, by the business owner, to the investor and the business idea is then funded by the investor, after scrutinizing the business plan and found to be in order.

A prototype is developed, in order to test its feasibility and workability in the market. If at this stage, the prototype created did not generate the needed buzz in the market, which the investors want to see, they may pull out of the deal.

The Second Stage: This is the stage, where the business owner evaluates how the product is doing in the market and how it is faring with other competitors.

If the investors see that, the product is not doing badly in the market, they will move on to the next stage, but if they envisage that the venture is doing badly, they may decide to change the management team of the product, or, just decide to restart this stage again, until it is gotten right.

If the product is doing extremely badly in the market, the investors may just decide to pull out completely, from funding the product.

Third Stage: This is where the product is faring moderately and expansion is needed. Extensive and extended marketing is needed at this stage.

A massive marketing campaign will be carried out, in order to reach out, to more consumers, which boosts the market sale of the product.

The investor will expect the management team, to cut down production costs.

IPO Stage, (Final Stage): This is the stage, where the investors acquire their profit and pull out.

The business owner/venture, can, then, decide to merge with other companies and also introduce follow up products, to attract new clients.

A Startup should, therefore, know that getting funded by investors, is not a walk-in-the-park affair, but with hard work and nose for details, they stand a good chance of getting their Startup businesses funded.


Featured Image: pymnts

Dream job - cfagbata

The 5 Essential Components of a Dream Job

Humans are bound to react and behave differently, based on different personalities and backgrounds.

Our opinions and suggestions differ because, our level of reasoning, is coming from different experiences.

The human race is diverse, which results in different reasoning, among people.

While some are extroverts, who love meetings, events, are highly sociable and outspoken.

We also have the introverts, who like to be alone, not sociable, neither, are they outspoken.

With our varying personality traits can we say that what constitutes a dream job is unique to everyone?

“Many think that the key elements of their dream job are that it be easy and highly paid. We have reviewed two decades of research into the causes of a satisfying life and careers, drawing on over 60 studies, and we did not find much evidence for these views”, as stated on this webpage.

Job seekers want jobs that relate to their gifts and lifestyle.

The best person to identify this kind of job that best fits you is you.

Research has discovered 4 components of a dream job related to everyone as follows:

It Is Piquant
Getting a highly paid job is not the peak of a successful career. You can be paid, excellently well and you find the job frustrating and boring.

Nothing interests you about the job. Every part of you is involved in the job.

Job satisfaction is derived from how engaging the job is to the employee.

You get so attached to the job that, every task given to you, looks like no task at all.

You enjoy doing every bit of the job because, every part of you, is involved in the job.

You wake up every morning, to set out for work and you are, so happy, going to do what you love doing.

With this kind of dream job, you find all you do interesting and make you more productive.

It Serves Others
One of the most important things we need to know about a dream job is, that it helps us to solve other people’s problems; it helps us to meet their needs.

A dream job is not all about what it offers us, but what we can offer others. One of the biggest satisfaction we can get in life is to see people happy, putting smiles on people’s faces.

People who get to volunteer for different organizations, do it, not for what they will gain, (most volunteered jobs are not paid jobs), but they find satisfaction in the services they render, to seeing people happy.

We should also note that helping others is the nature of the work, but you must also have the right mindset towards work

You Are Good At It
You get to your office and find a sack letter waiting on your table.

You begin to ask yourself questions like, what did you do wrong? But, then, no answer is forthcoming from, even, your colleagues.

Some people get fired, not because they actually did anything wrong, but because, it is obvious that, they are not good at what they do.

They just try to fit into the system because they need a job badly.

The skills you possess for a certain profession triggers your interest in it.

If you are passionate about writing, be also sure that, you are good at it, so you can produce good results at for organization.

You Work With Helpful people working with people you can always relate with at the office, most times, would not give you the help you need when you run to them.

“People who are disagreeable and different from yourself can be the most useful feedback, provided, they care about your interest”,

There Are No Horrible Downsides
Apart from high pay and low-stress jobs, people, also, put into consideration, jobs that give them security and comfort.

There are certain criteria that, a job has to meet before it can be truly called a dream job.

You do not have to work on a stretch, without a break of about 1, or, 2 hours.

The distance should be such that, it is convenient for you.

You should be paid, based on the efforts you put into the job. Some people are underpaid.

You feel secure and assured about your job, with no fear of losing your job.

Based on these 4 studies of common goals for a dream job, you can be sure that getting your next job on these criteria, will make you, to be fulfilled and established in your career.

You can read up how to make money from draft jobs before your dream job here.

Tech founders - cfagbata

Mistakes Tech Founders Should Avoid In Team Building

Giant tech companies today, usually serve as toast for potential tech Founders.

As organised and successful these tech companies appear today, they did not just develop from their seed stage to a big shot in the tech ecosystem in one day.

They all started small and grew it until they scaled.

The scaling, often times, involves lots of hard work committed into the venture.

For instance, two tech Co-Founders might, with innovative ideas, the development of a software application.

If eventually, the investment in the idea-turned-product starts to yield and the company expands in structure, it will soon, be requiring more hands to be on deck.

Expansion of the tech company, then, means, getting tech-like-minds into the business, such as, bringing in, minds that, possibly has more expertise, than the Co-Founders.

Bringing such people on board to form a very formidable team of tech experts, sounds a great development for your company’s growth, but at the point of taking this crucial decision, often times becomes a challenge!

Questions come up, such as; how do I know, if I am hiring the right person?

Can I build a great team from my hiring?

Below, is a list of some common mistakes that tech Founders make, that you should try to avoid when building your team:

Hiring Too Early: The hiring process is not only about Educational qualifications. You also need to consider, how your potential team members will fit into your company culture.

Are they hyper-competitive? Are they extremely laid back and will not make any impact in an environment, where they need to take their own initiatives?

All these, should be considered in the hiring process, to ensure that, you do not get caught in the qualification web, thus, ensuring that they properly fit in, then finding out barely months down the line, after engaging them, only to find out that they are not a good fit at all.

Hiring People Just Like You: This may appear unfavorable to your belief system, but it is not a good idea, to have all your employees agreeing with you.

Diversity of opinion and personality, benefits the team experience, in many ways than one.

Criticism is good, as long as, it gets presented in a constructive and respectful manner. Such acts can be extremely beneficial.

No company succeeds when everyone is always in agreement.

For example, a room full of optimists can lead to high expectations and a room full of pessimists can lead to excessive negativity.

A combination of personalities will ensure that you end up in consensus.

Focusing On One Skill Group: If you have a perfect product, but you do not have the expertise on how to sell it, then, you will get stuck in the way.

In building a team, you should not focus on a weakness in your product alone, when hiring, though you will always need developers to fix, or, improve your product.

If you have a perfect product, but no expertise on how to sell it, then, you are going nowhere.

Your team building is not complete without Marketers and Salespersons.

Not Letting Go: A huge challenge for most entrepreneurs and tech Founders is having, to relinquish some of their powers, or, positions, for the first time. This can be, very tough on them.

It is an awkward experience that the Founders do not like.

It can be a very tough decision, but if you truly think that, the person is not a good fit to make a great team, then, you should rather let them off, for a better option. It is necessary for the company and team building.

There is no point, in having an employee, who, either, is not suited for the job, or, not embracing the team spirit.


Featured Image: Cybus.io

Passive income - cfagbata

Activating Your Passive Income Option Is A Must-Do

According to Warren Buffet, “if you don’t find a way to make money while you sleep, you will work until you die”.

He has a point that succinctly tells you, why you need passive income.

In a world that has become more economically volatile and unpredictable, it is important for everyone to have a good understanding of the basics of wealth creation and money management.

Even though the technological advancement of this digital age makes wealth more visible than it has ever been, financial independence is still quite elusive and most millennials can attest to this.

It is taking longer for young people to find their feet and gain financial momentum. They find it harder to reach life’s milestones as quickly as their parents did.

An example is how millennials stay home for longer and get married later than the generation before them.

The odds seem too high and achieving long-term financial stability appears to be a pipe dream.

Things are not so bleak, however. People must take charge of their own realities and make the most of less-than-ideal circumstances.

One of the surer ways to make the odds of financial independence more favourable, is to explore passive income.

What Passive Income Is
Passive income is a stream of income, sustained without any active demand on your time, or, other resources. It is often self-sustaining and continual.

While this may sound very attractive, there is a catch. It requires a significant investment of resources before a stream of income can become self-sustaining.

You must put in intentional work ahead of time, before you start seeing cash flow, without real-time effort.

Examples of passive income streams are capital gains, dividends, residual income from a business, rental income from real estate and royalties.

Lose the passivity, start a passive income stream

A pre-investor is someone who is not investing, typically lives pay check to pay check and considers lifestyle more important than financial security.

Pre-investors have minimal financial consciousness and are consequently passive about strategizing, to achieve long-term financial independence.

Most young, income earners, fall into this category.

Here are some things to do, to get out of that cycle:

The first thing to do is to start building your investment nest egg. While building your Startup capital, you should simultaneously build your knowledge base.

You should begin to think about what you intend to do with your capital and where you want to start your investment journey.

The result of your research will form your investment plan. After spending significant time, thinking and digging for information online and other relevant places, you will know, if you have enough skill to independently start a portfolio, or if you need some help.

Most new investors will find that they can do with some help. The help may come, in the form of professional funds managers, or, a simple digital investment/ savings platform.

Whatever your need, you are likely to find something, or, someone, who can meet the need.

When you have done your research and decided on the plan you want to follow, then, it is time to start the process of building your stream.

It, most often, starts as a trickle. Do not be alarmed. Consistency and persistence pay off in the end.

Start Now

Remember that Chinese proverb that says “the best time to plant a tree was 20 years ago and the second best time is now?” Your financial independence is that tree.

The earlier you start the better. It does take time to grow wealth and the right investment can help secure your financial future.

Squirreling money away, in a savings account, is not likely to get you anywhere fast.

The way to go is to set up a system that puts your money to work on autopilot. That way, you are sure to keep earning.

About the Author

Mercy Faleyimu, is a creative writer, who enjoys discourses across several fields of engagement. She equally tries to remain an optimistic Nigerian.