Indubitably, parents play critical roles in the formation of a child’s beliefs and character. If parents do their jobs aright, the odds are that the child will grow up and make positive contributions to himself and to the system. However, the matrix of the preceding two sentences somehow engenders a situation where some parents continually feed their child with plethora of instructions until the child begins to suffer from mental kwashiorkor.
“Don’t do this! Do this! If you don’t this, I will do this!” have become the instructional main courses that this child gets fed on a diurnal basis. Well, I’m not here to primarily converse with parents; but let’s just acquire the torch of the above behaviour and point it directly to business. Of course, the idea here is to reveal and address the error that goes on in several businesses ran by entrepreneurs today.
Most employees of several businesses go to work each day with a predominate goal in mind: How not to violate the instructions of the Oga (big man) at the top. They appraise their performances and effectiveness in the business by the quantity of instructions they obey.
Just like those parents, that’s the main course that their bosses feed them with! Alas, when you ask these employees to communicate the core essence and vision of their organization, they either falter or they proclaim something utterly or fairly different. Yet, this situation has caused – and is still causing – serious growth problems in several businesses. Most entrepreneurs today can’t drive healthy, sustainable growth simply because they continue to stuff their team with heaps of instructions, while starving them of essence and visions.
As a matter of fact, the following is the prevailing scenario you find in most businesses:
Boss: I’ve to grow my business. Therefore, I need to always give out instructions to my employee to do this and that.
Employee: I’ve to obey my boss’s instructions so that I can receive my paycheck intact and don’t attract his punishment or reprimand.
Okay, now please don’t get me wrong. Instructions are important and they have their place in every enterprise or endeavor. They are or can be effective tools for getting things done, no argument. However, if your business must get ahead in sustainable ways, then you as an entrepreneur must learn not to just feed your team with instructions. Don’t hoard the essence, the vision and only dish out the instructions. When you always feed your employees with instructions, the truth is they may get so engrossed or used to wanting to obey instructions that they lose sight, passion or grip of the big picture.
Growing a business requires that you constantly bring your team at par to the core purpose, drivers and vision that your business is anchored on. And doing this requires that you as the entrepreneur and boss constantly provide them with an aspirational environment for them to dream and grow.
Like I always say most the of times, driving a business to the top is not a sprint. If you want to work with robots, then fine! Go buy them, program all your instructions into them, and that’s it. But if you choose to work with humans – the ones with brains, minds and souls, then instructions alone won’t serve.
You need your team to help you transform your business vision and strategy into concrete reality. And you know what? Your team shouldn’t be treated like robots! They’re humans and they’ve got red blood trafficking through their veins. So rather than just feed them with unremitting instructions, start now to always feed them with essence, with visions. When you do that, you are not only setting your business up for strategic, long-term growth but you’re also raising healthy employees that truly think!
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How to Gain Self-confidence as a Professional Trader
Confidence is one of the key ingredients which will allow you to trade the market like a pro trader. If you wish to build your career in the investment world, we strongly recommend that you learn to take the trades with strong confidence. It might take a while to get used to the overall concept of trading but once you become good at analyzing the market data, you can build your confidence level. But developing your skill in the retail trading industry is not that easy. You have to follow some specific rules and only then you can expect to become a full-time trader.
In this article, we are going to give you some advanced tips which will allow you to trade the market with a high level of precision. Once you become good at following the tips mentioned in this article, you will never struggle in the ETF trading industry.
Forget about the past trades
The novice traders get biased with the losing trades. They keep on monitoring the market and repent of their mistakes. On the contrary, the professional traders take smart steps and without any repentance, they look for the next trade signals. If you wish to develop yourself as a professional trader, we strongly recommend that you forget about your past trades. You can’t undo your past. Instead, look for the next trade signals strategically and try to find the solutions to this market.
Trade with long term goals
You must take the trades in the market with long-term goals. Without setting up long-term goals in the investment business, it is very hard to stay tuned with the market changes. View the website of Saxo and learn about the importance of having strong determination in the trading business. Unless you are determined with your actions, you will keep on losing money most of the time. So, follow a conservative way and systematically take the trades. Once you become good at evaluating the key direction of the market, you can easily change your life.
Analyze the high impact news
Learning about fundamental analysis will improve your decision-making skills to a great extent. Very few traders in the retail trading industry have the skills to evaluate the fundamental data in the market. If you want to survive in the retail market, you must learn to take your trades systematically. Forget the fact that you are know everything about this market. See how the news data changes the course of the trend. As you become skilled in analyzing high-impact news, you will slowly learn to take the trades with strong confidence. This will also make you a better trader and let you systematically trade this market.
Create a trading routine
To build strong confidence in the trading profession, you should trade the market with a balanced trading routine. Unless you take your trades with a proper trading routine, it will be really hard to bring any positive change to your trading system. As a trader, you might be thinking that you know every bit of detail. But this is not all true. In your trading routine, you must define all the basic rules. If you don’t trade the market with predefined rules, it will be a big challenge to make bring changes to your trading system. Follow the basic rules and trade the market with long-term goals.
Trade with low risk
You should always trade the market with low risk. Once you start taking the trades with managed risk, it will become an easy task to develop self-confidence. The majority of novice traders don’t have the strong skills to deal with the complex market. Usually, they aggressively take the trades and they lose a significant portion of the trading capital. So, trade with only 2% risk in the trades and it will help you to build strong confidence at trading.
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