SHAUN STENNING BLOG
The real road of compassion, that is, giving, helping, assistance and community service, is a road that can be set and declared as your life's purpose
These days, any job offer is one worth considering. However, some of these job offers can be fool's gold. On the surface, they look great. They seem to have everything you'd ever want. But sadly, the grass is always greener until you actually take the job, and see what life is like on the other side.
Here are five job offers that are often too good to be true. 1. Heading Up an Ailing Department According to Shaun Stenning, Sales have been low. Performance is down. Customer complaints are at an all-time high. The company looks to you to save the day. Now, you're going to head up a department that has more than its fair share of troubles, and you will be the hero who saved the day. Or will you? 2. Well-Paid Dead End The good news is, you're getting more money. The bad news…it's a job no-one else wants — and with good reason. Dead-end jobs are often disguised as great opportunities, but if you look closely, the signs are there. 3. Work-at-Home Job Is it possible to make a lot of money working from home? Absolutely. However, the vast majority of people who become successful spend a lot of their own time and money making it work and grow. 4. Big Promotion to Upper Management This is it; the offer you've been waiting for. Finally, you get the chance to rub shoulders with the decision-makers and earn the kind of salary you always dreamed of. 5. Job With Everything — Except Money So many people in my industry — advertising — get suckered into this one. But it can apply to a vast array of professions. The basic premise is this; you are offered the world on a plate. Have you ever taken a job offer only to regret it later?
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Lately, I’ve been seeing a lot of articles on happiness online. They mostly talk about the things we can do to become happy.
“But the thing is, what we should aim for is long-term happiness. We want that happiness to stick.” Shaun Stenning said. And how do we do that? We do it with habits. We need to start creating a culture of happiness for ourselves, one that doesn’t whisk away because of a bad mood, a bad day, or a bad whatever. 1) Make a point to travel yearly Traveling is how you absorb different cultures and expand your mind. That’s how you realize how grateful you should be in life and how you know for sure you’ve “covered” a lot in life. 2) Make your own bed every morning This is how you kick start your day properly and get things going. Trust me, you will grow from this as you’d start to be more resourceful and reliant on yourself. 3) Read Go to your local library. Buy books from your bookstore. Reading is how you gain knowledge and increase your own confidence in society. 4) Exercise Cliche but true. A healthy body is a healthy mind. You’d want to feel both comfortable and proud in your own skin. 5) Find passion and always indulge in it Passion isn’t just a hobby or an interest. It’s the fire that lights up your life and gives you meaning. So go find it and never let it go. I hope you enjoyed the article! Want more ways to be happy? If you think a possible exit strategy for your business is to sell it for all its worth, then maximizing its value seems like the smart thing to do. The price your business may fetch has a lot to do with the perceived value of your business in the eyes of the buyer.
Increasing your business value, therefore, is directly correlated to doing the things that will augment the perceived value of perspective buyers. Here are five ways to make your business sellable for the highest price possible. 1. Take a Vacation No, really. Get out of the office. This has two benefits. According to Shaun Stenning, “First, getting away from the “day-to-day” of your business for at least a few days will help you think more strategically about the direction you are headed. Chances are you’ll come back with some new ways to improve your performance, always a boon to business value.” Second, you’ll demonstrate that your business can survive without you (or discover that it cannot, in which case, you may have some work to do). 2. Revenue Recognition How many days between when you get paid by your customers and when you have to pay for the materials, labor, and other inputs directly related to offering your products and services? 3. Increase your EBITDA Short for Earnings Before Interest, Taxes, Depreciation, and Amortization, EBITDA is a quick way to determine the amount of cash flow your operations generate each year in your business. 4. Quantifiable and Validated Sales Cycle A company with a proven process for generating leads along with validated conversion rates of those leads into paying customers is always more attractive to buyers. 5. Sticky Key Managers A buyer will likely plan for the owner to exit within a few years, if not much sooner after they buy a business, but they will want to see that you have built a strong management team that knows how to run, grow, and improve the business on a day-to-day basis. It’s no easy task to build a business, let alone one attractive enough for someone else to buy. But if you want a big payout when you leave your business behind, these five concepts will have you on your way to maximizing the size of that final check. In the midst of the economic downturn earlier this year, I spoke with an operations manager who had received a mandate from his boss to trim payroll costs. He considered reducing hourly wages (or pay rates), as many companies were doing, but then had a better idea: cut hours.
According to Shaun Stenning, “Fewer hours lowered payroll expenses in the short term and positioned the operation to support sales growth (and fluctuations) in the long term. Because the labor hours needed to run his operation correlated with sales volumes, he could readily make adjustments to payroll dollars without losing service quality.” “Well-established procedures created internal efficiencies but, just as significantly, supported predictability in the amount of time needed by employees to handle certain tasks; as a result, the manager could more readily plan and control payroll hours needed to support the company’s sales volumes.” Shaun said. Here are the reasons he decided to cut hours, rather than wages. 1. Employee pay became more closely aligned with business success. An increase in sales typically meant corresponding increases in labor hours and paychecks. Employees had an incentive to perform well in order to build and reinforce positive customer relationships, generate good feedback, and encourage repeat orders. 2. Employee morale and loyalty were preserved. Many employees had dedicated years of service and sustained effort to qualify for merit raises; a pay cut would erase the hard-earned pay rates. 3. A reduction in labor hours rather than a pay-rate cut gave employees more time for outside pursuits. As a result, employees could possibly sustain their respective financial conditions, despite a smaller paycheck. 4. Employees were more motivated to stay with the company, rather than search for a new position. Because the pay rate held steady, it was less likely (though still possible) that employees would find a higher-paying job. The decision to cut hours worked for this manager. Employees were glad to keep their jobs in the darkest days of economic turmoil. What’s ahead is still uncertain but the operation has preserved its financial stability and retained its best, experienced workers. |
AuthorAs an investor, Shaun Stenning makes sure he invests in companies and people who are truly passionate about every day, and making every day an amazing day. Archives
March 2024
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