Business is considered the backbone of today’s workforce. However, this is not the case. Today’s...
Starting your own business is a rather risky proposition. Yet, it is a risk that many of us long to...
Starting your own business is a risk that offers great rewards. Yet, readers need to understand...
Optimism is at an all-time high with the start of the New Year. This is perfectly understandable as...
In order for a business to succeed, you must know what you are doing
Business is considered the backbone of today’s workforce. However, this is not the case. Today’s workforce is the real backbone of the industry. One common trend in successful businesses is the health of its workforce. A healthy company runs due to its robust workforce. Employees can reduce sick leaves, absenteeism, retain talent, and increase individual and organizational strength only because of their excellent health. The key to a productive and efficient workforce is a healthy workforce.
Stress is the primary factor for the deteriorating health and wellbeing if many employees today. Unhappiness, ill health, and stress together contribute significantly to the loss of work commitments and productivity towards jobs. People who stay fit, work out regularly, practice yoga, do meditation, eat healthily, and have healthy financial, mental, and emotional stabilities can stay happier and more efficient at work. Many corporates conduct numerous programs like mandatory offline breaks, in-house fitness, and meditation programs, scheduled reminders, and so on to help with the mental health and wellbeing of their employees. These programs help in decreasing anxiety, work stress, and psychological fatigue caused due to stressful and long jobs.
Let us look at how healthy workforces can benefit the company in the long term with some of the causes for ill health and decreases in efficiency and productivity.
Unhealthy food and bad eating habits:
Most people have incredibly unhealthy eating habits while working. If they’re hungry, they prefer going to the vending machine and buying a packet of potato wafers or crisps instead of eating a salad or fruit. Small instances like this deteriorate the general health of workers and aid in the rise of stomach ulcers, acidity, high blood pressure, and so on. It is widely known that consuming healthy food helps in maintaining a healthy body. Adding insult to injury is the constant stress that most people face on a daily basis.
Most people avoid eating due to high work pressures, deadlines, meetings, prior commitments and so on. A well balanced and nutritious diet is crucial for a healthy body and mind. Now, most companies have set nutritious menus in their canteens where they invite people to eat during regular lunch hours, take breaks, mingle, and de-stress. Some Human Resources teams have also taken initiatives to promote healthy eating through regular emails with balanced diet recipes, low sodium food lists, diabetes-friendly sugar substitutes, and so on.
Shift work sleep disorder:
Shift work sleep disorder is a fairly common disorder in today’s fast-paced work environments. It is an affliction caused due to a disruption in the natural circadian rhythm (sleep times and phases). This is most common in people working in shifts like the afternoon and night shifts at work. Shift work sleep disorder is characterized by daytime drowsiness, daytime sleepiness, short periods of time when the mind loses focus due to less sleep, and insomnia. This is caused because of intermittent sleeping, ever-changing shift times, and rotating shift cycles. People with this affliction also tend to sleep during work hours, anytime during the day, and continuously face fatigue, exhaustion, and reduced production levels.
The medicine for shift work sleep disorder is an orally administered pill called Modafinil. Modafinil should be consumed with a few sips of water and helps in controlling daytime sleepiness and insomnia in people. Modafinil helps stimulate the brain enabling it to remain awake and alert during work hours. It also works on other sleep-related disorders like sleep apnea, daytime drowsiness, and narcolepsy. Modafinil is not a cure for shift work sleep disorder but helps in staying awake during work hours so that you can work efficiently and productively.
Employee absenteeism is known to be one of the reasons for loss of productive work time and efficiency. Many employees today suffer from chronic stress, anxiety, hypertension, and high blood pressure. These people are bound to suffer since they do not get enough rest. As a result, employees fall ill often and are often absent from work. On the other hand, people who lead fit and healthy lives are known to be happier, more productive, and take joy in their daily work and work life. Healthy employees recover from illnesses faster and are at a lower risk of getting permanent afflictions due to ill health.
Business can assist in improving the health of the workforce through motivational emails, discounted coupons to gyms, healthy food recipes, and promotion codes to health food clinics. Helping the workforce on their journey towards a healthy lifestyle can help companies make a direct impact on the long-term benefits of their bottom lines.
Starting your own business is a rather risky proposition. Yet, it is a risk that many of us long to take as most people dream of someday becoming their own boss. This is perfectly understandable considering the alternative is getting stuck in a dreary nine to five job.
Yet, readers need to understand that this is no walk in the park. The road to entrepreneurship is a rather bumpy one, to say the least. Luckily, we have you covered. This article seeks to help prospective entrepreneurs find their footing. By following these tips, you should be well on your way to becoming a self-made success.
Do Your Research
During the initial stages of developing business, most people would begin with an idea. However, the validity of this concept must be backed by cold, hard facts. After all, all services and products produced by any business enterprise will be put to the ultimate test eventually.
In order to avoid falling flat on your face, you need to ask yourself a couple of pertinent questions. Listed below are some of them.
- Does your product or service meet a specific need in the market?
- Who is it for?
- Are there similar products available in the market now?
- How does the competition look?
- Is there a specific market niche you are trying to reach?
These are vital questions that all entrepreneurs need to ask. You need to figure out how your product or service will fit into the specific market you are trying to get into. Moreover, these questions will help you develop your concept further.
Devise Your Business Plan
It should be no surprise that all businesses need an effective business plan in order to function. Your plan should serve as your blueprint in terms of helping you reach your dreams. More importantly, a well-thought out plan should make translating your business idea into reality as seamless as possible.
It is also during the planning stage that you need to figure out the details of your financial plan. Contrary to popular belief, you actually do not need to have a ton money to get things going. Though some initial investments are vital to get the ball rolling and cover the operational expenses of the business, you can always opt to borrow money from the bank if you are ever in need of additional capital. You just need to present a well-thought out business plan.
It must take into account a number of important things for your enterprise. For instance, you need to have a detailed plan regarding the growth and expansion of the business itself. How do you go from being a small start-up to an institution in your chosen industry?
In addition to this, you must a have a concrete idea with regards to the specific amount you will be needing. After all, banks are businesses too. They must have an idea of how much you want from them and how you plan on paying them back.
This article presents readers with a rough sketch of the things they need to prepare before starting a business venture of their own. Make sure to keep these things in mind yourself.
Starting your own business is a risk that offers great rewards. Yet, readers need to understand that it is often easier said than done. There are a lot of things that need to be taken into consideration. More often than not, it is a matter of great timing, intuition, and sheer will.
It needs to be stated here that entrepreneurship knows no age limit. More than anything else, it is about getting everything you need at a given time. You need to have a checklist of all your assets and resources before you do anything else. This assessment period is vital if you want to ensure that you do not get too deep.
Keep in mind that you will need to spend money to make money. This means looking at your total capital and comparing it with the projected expenses to get the project going. Sustainability and return on investment are both vital aspects of any business that you should never ignore.
If you find that the resources you have do not yet meet your requirements then it is not the end of the world. You can either opt to take on debt to support your needs for additional capital or you can find an alternative business model that better suits your assets.
Optimism is at an all-time high with the start of the New Year. This is perfectly understandable as the season represents a new beginning for most. That being said, now is also the time to think about establishing your own business.
Of course, it needs to be stated here that any business venture requires a lot of grit and determination. This is certainly no walk in the park. Prospective entrepreneurs need to understand that the situation can become rather stressful at times. It certainly is not for the faint of heart.
Needless to say, everything would become so much easier if you were passionate about the business you are trying to build. Most people think that you should just go with what is most popular at the time. This is a serious mistake considering that trends come and go all the time.
In order for a business to succeed, you must know what you are doing. That is why you should always use your own personal expertise as the potential starting point for any business venture. Take time to assess your own strength and start from there.