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Entrepreneurial Focus

Entrepreneurial Focus | The Work In Progress Report | Scoop.it
BOOK REVIEW - The Million Dollar One Person Business by Elaine Pofeldt.
 
In exploring career opportunities, you might be looking for flexibility and self-determination but not to be bogged down by operational admin or managing people? 
 
Entrepreneurship has many pluses and minuses. Opportunities abound challenged by the burden of executing upon them well—requiring money, people, time, energy, and risk...all for that elusive, desired reward, mission realization, AND lifestyle objective. 
 
I read Elaine Pofeldt’s new book THE MILLION DOLLAR ONE PERSON BUSINESS and found that she captures well the search for success in this new landscape. So many of us want freedom, flexibility, and financial reward when pursuing our own vision, but want to maintain control of our time and not get burdened by the complexities and responsibilities of being an employer and having to manage people. 
 
Elaine shows us this is possible and how to accomplish it. She gives comfort, direction and straightforward steps to create work, value, and wealth on our own terms. Her book is a strong catalyst, enabler, and supporter for everyone out there considering making an independent next move for their next career, or to give solopreneurs a boost to grow their businesses. Great for the new world of work.
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This Week's Muse - Integrating Generation Z

TAKING THE FIFTH. A fifth generation is entering the workforce in increasing numbers. Born 1995-2015, Generation Z is coming of age. If you’re a parent with offspring under 24, you’re aware something’s up. You realize there’s a disconnect, a distinct gap. There’s a different facility with the tools of today and a different awareness and interpretation of reality that may elude you entirely. I get it.

 

RAISING GEN Z. I have two of my own Gen-Z kids. I observe their actions based on unprecedented access to information, the transparency of our discussions at the dinner table, and innumerable platforms and applications at their finger-tips. My pre-teen daughter wrote a powerful poem that questioned and challenged ‘acceptable norms’. My son, when 16, was ready to sell his gorgeous ceramic pots on Etsy, and started developing his branding before school obligations were re-prioritized!

 

AGENCY & ACTION. As unique and talented as I find my own Gen Zs, their concerned and self-directed behaviors are the norm rather than the anomaly. Their sense of agency and desire to contribute their opinions and be involved—whether politically, socially, economically or environmentally—is common.

 

GENERATION IN WAITING. Gen Z are mostly still waiting in the wings, preparing to come out and play their roles in the workplace. Having been acknowledged, involved, and raised with influence, they are expecting to participate fully. Furthermore, Gen Zs recognize the uncertain economic outlook and more fragmented career prospects. Is your company ready to integrate them?

 

THE MEANING OF MILLENNIALS. Many Gen Zs are keenly aware of challenging relationships between Millennials and older generations and may well be apprehensive about their reception when they start working, How have you been adapting to Millennials so far? It’s worth considering that they are often looking and pressing for the types of work conditions that Gen Z employees will expect as a given.

 

ANTICIPATING & MANAGING. Adapting your own expectations is critical in the rebalancing of the talent equation in the tech-accelerated, more complex marketplace. More responsibility is being given to front-line workers as well as those who have strong technology skills and intuitive understanding of our new realities.

 

However you end up adjusting is up to your company, business needs and openness to recognizing current and projected conditions. The more thoughtfully you do that, the easier your integration of Gen Z employees will be and the better they will perform.

 

If you are interested to understand more about Generation Z and how to prepare your organization, please contact Sophie.Wade@FlexcelNetwork.com

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Behavioral science will be more important than ever in the Fourth Industrial Revolution —

Behavioral science will be more important than ever in the Fourth Industrial Revolution — | The Work In Progress Report | Scoop.it
In a world of automation, we should ensure we’re making the most of distinctly human strengths.
Sophie Wade's insight:

The pace of business is faster, less predictable. There is more than one way forward. How are you managing the uncertainty & disagreements w colleagues as strategies and project advance? Soft skills are now essential.

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5 Strategies for Getting More Work Done in Less Time

5 Strategies for Getting More Work Done in Less Time | The Work In Progress Report | Scoop.it
Use templates, checklists, and timeboxing.
Sophie Wade's insight:

The faster, less predictable nature of business means strategic approaches, more...

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The robot revolution will be worse for men

The robot revolution will be worse for men | The Work In Progress Report | Scoop.it
Demographics will determine who gets hit worst by automation. Policy will help curb the damage.
Sophie Wade's insight:

Is your job high-risk at for automation? Are you upskilling to stay competitive? As some entry level tasks are automated, how are new recruits building their experience and careers? Time to be proactive!

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What Kids Need to Learn to Succeed in 2050 – Youth, Now –

Humankind is facing unprecedented revolutions. How can we prepare ourselves and our children for a world of such unprecedented transformations and radical uncertainties?
Sophie Wade's insight:

Are you adapting ENOUGH for the Future of Work? Are you REimagining the future of your business? Watch Generation Z kids: their technology integration, the challenge of accelerated progress, few boundaries++. Provocative & v compelling heads-up

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TED Talk: Shadow Learning

TED Talk: Shadow Learning | The Work In Progress Report | Scoop.it
Technology management expert Matt Beane explores the pitfalls of artificial intelligence
Sophie Wade's insight:

How many low level jobs are being partly/wholly-automated away in your company? Org charts are evolving from bottom-heavy triangles to be more column-shaped. How will new hires learn on the job? How are you adapting career progress?

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This Year's Muse Prediction

This Year's Muse Prediction | The Work In Progress Report | Scoop.it

How has your year started off? What are YOUR expectations, concerns, opportunities, and expected challenges?

 

Looking ahead, 2019 will be a year when things get focused. Concern turns to action. Attention turns to effort. Rubber meets the road.

 

1. Digital Deadline: Digital Transformation is in progress or your time is running out. This year, investments in time, effort and energy are paramount to integrate technologies that update — and potentially significantly disrupt — your company’s business model, revenue stream(s), customer intelligence gathering, employee engagement efforts and workforce connectivity and support. Without this, growth is unlikely and survival questionable. What technologies? That depends on your business, operations, locations, customer segments, talent pool and more. Considerations range from artificial intelligence, data gathering, cloud applications, enabling platforms and tools to employee training and customizable benefits delivery.

 

2. Skills’ Stock: What is the skills’ inventory of your organization? What about your own team? What are your top three skills? Without a good understanding of the skills at your disposal, how can you work out what you should be doing and whom to task with what and where? In the past, we have been defined by our job titles not our skills, but now job needs are evolving as are the skills required to get them done effectively. It’s time to understand and track each person’s specific talents — hard and soft skills — and then be able to find and assign workers appropriately.

 

3. Freelancer Forces: Right now, the people best-equipped for the new work environment are independent workers, not your employees or colleagues. Non-employees are keenly aware of the need to stay competitive — in terms of identifying and augmenting their skills and learning how, when and where they work best. They are also living and learning the new career dynamics, developing multiple income streams not relying on singular job security, wherever possible. Numbers are swelling as more people chose independent contracting and consulting projects. Millions are choosing to create an integrated working life with the flexibility they want. Millions more are unable to work with conventional fixed schedules and locations. How will your company be utilizing qualified non-employees as part of its total available talent pool?

 

4. Educating Employees: Standing still on quick sand isn’t recommended. Technology advancements are bringing new capabilities to adapt and improve operations, the ability to incorporate data learnings rapidly and iterate frequently as customer service delivery changes and cycles shorten. Investment in training is essential for a competitive workforce, especially to retain and develop talent. New decentralized workforce realities mean at a minimum proactively coaching managers to help them cope with dispersed teams and suitably manage virtual colleagues. Sharing productive remote working frameworks, habits, and tools will be important for yielding good results across multi-location teams.

 

5. Career Conundrums: Undefined future possibilities and confusion about how to progress their careers will continue to distract employees and further undermine productivity and retention. Employers will benefit who actively help their employees understand their strengths and possible job progression, and promote/pay for their skills’ development. Corporate loyalty is newly-defined by employers’ demonstrating and communicating their investment in and commitment to their employees’ future.

 

6. Make It Matter: Work IS Personal. We spend an average of one third of our lives at work. The “money for suffering” equation is tired and out-dated. It presumed compensation as a combination of salary and job security/lifelong employment. Now, it is each employer’s responsibility to articulate the work/reward equation that will attract, engage, and retain the quality talent they want for their particular business, vision and circumstances. Deep down, everyone wants to know the ‘why’ of what they are doing and that their contribution counts. Even a little bit. Every day. Why should someone engage in their work at your company? Why do you? What’s your ‘why’?

 

7. Essential Empathy: And here’s your ‘how’. The World Economic Forum foresees soft skills as fundamental and critical. Empathy is the core skill that enables trust to build, strong relationships to form, improves communication, facilitates collaboration, and connects a community. Companies integrating empathetic approaches and practices are nurturing workers who are better-prepared to tackle the faster pace of business and the less predictable, more projectized work they are now getting assigned. Their employees will more easily be able to innovate, share and develop ideas, and test and implement new concepts. Empathy @ Work is a key need and focus for this coming year.

 

Seven steps for success. Simple, but not easy. See how to prioritize them for your business and people. Remember this year — it’s crunch time!

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Remote Work on Tour: Part 1 — Setting Off on a Journey of (Self) Discovery

Remote Work on Tour: Part 1 — Setting Off on a Journey of (Self) Discovery | The Work In Progress Report | Scoop.it
Working in the office is so 2001! Alternative workplaces are rising fast and new creative options for both employees and freelancers add compelling depth, dimension and benefits. Join a multi-month…
Sophie Wade's insight:

Are you working remotely? Are you looking for more flexible working experiences? Explore my piece Remote Work on Tour: Setting Off on a Journey of (Self) Discovery as a Fuze employee starts a Remote Year program.

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10 Steps to Inspire Trust and Loyalty

10 Steps to Inspire Trust and Loyalty | The Work In Progress Report | Scoop.it
Building a culture of trust and loyalty will boost your sales and your employees' performance. Get started today with this ten-step plan.
Sophie Wade's insight:

Take trust forward as a core value into the New Year to build strong relationships and improve communications.

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What Everyone Needs to Understand About Millennial Bosses

What Everyone Needs to Understand About Millennial Bosses | The Work In Progress Report | Scoop.it
The only thing these young bosses are entitled to is respect.
Sophie Wade's insight:

Millennials in leadership roles are showing new models and styles for nurturing sustainable workplace cultures, mindsets and approaches incorporating empathy. Update your company’s management attitudes for 2019.

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A Robot-Proof Career: The Skills That Matter

A Robot-Proof Career: The Skills That Matter | The Work In Progress Report | Scoop.it
AI and automation don’t have to lead to mass unemployment if employers help the workforce to retool their skills sets with an eye on automation.
Sophie Wade's insight:

How much of your job could get automated away this year? Check out the probability and how to keep ahead of the automation curve in the changing Future-of-Work environments.

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Overworked South Koreans are finding solace in a fake prison —

Overworked South Koreans are finding solace in a fake prison — | The Work In Progress Report | Scoop.it
“This prison gives me a sense of freedom.”
Sophie Wade's insight:

Blurred boundaries bothering you as technology enables working anywhere anytime? Create times and lines to define (and limit) work and when you’re ‘on’. Drastic possible outcomes if you don’t—People seeking ‘freedom’ in S. Korean ‘prison’!!

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Workers Are Walking Out to Get Employers' Attention

Workers Are Walking Out to Get Employers' Attention | The Work In Progress Report | Scoop.it
Employees are taking to the streets and social media to get their employers' attention.
Sophie Wade's insight:

Workers rally without unions now. This is just the beginning. Before getting blindsided, be proactive understanding internal work issues to create productive collaborative solutions.

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The Essence of Modern Work Management Is Change: Video Interviews with 3 Work Experts | Workfront

The Essence of Modern Work Management Is Change: Video Interviews with 3 Work Experts | Workfront | The Work In Progress Report | Scoop.it
During the launch of Done Right: How Tomorrow’s Top Leaders Get Work Done, we spoke to three thought leaders about work management: Laura Goodrich — Speaker, consultant, and author of Seeing Red Cars Sophie Wade — Speaker, consultant, and author of Embracing Progress Mark Schaefer — Speaker,…
Sophie Wade's insight:

How are you updating your work habits and processes to deal with the increased project work and decreased predictability? Are you channeling your efforts successfully? Be proactive to be most effective!

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Can a Nice Doctor Make Treatments More Effective? - The New York Times

Can a Nice Doctor Make Treatments More Effective? - The New York Times | The Work In Progress Report | Scoop.it
Connecting with patients doesn’t just make them think someone cares. It can make a difference for health outcomes.
Sophie Wade's insight:

A doctor showing empathy can make a difference to health outcomes - new study shows. Think what emotional connection could do for relationships, communication, and collaboration across your workforce, wherever they are

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How Machines Destroy (And Create!) Jobs, In 4 Graphs - NPR

How Machines Destroy (And Create!) Jobs, In 4 Graphs - NPR | The Work In Progress Report | Scoop.it

For hundreds of years, people have been talking about machines taking jobs from people. Less often discussed: machines creating new jobs.

Sophie Wade's insight:

Automation and digitization are impacting the workforce in negative and positive ways. Key is to recognize the evolution in progress and be adjusting for and with it.

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Over 60, and Crushed by Student Loan Debt

Over 60, and Crushed by Student Loan Debt | The Work In Progress Report | Scoop.it
Older Americans are struggling under the burden of student loans—their children’s and their own.
Sophie Wade's insight:

$86 BILLION of student loan debt owed by Americans 60+ in ‘17. This situation is not viable. What about Generation Z? Imagine how this data makes them feel about the adult world that awaits most of them? Can we be credible leaders?

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I.V.F. Coverage Is the Benefit Everyone Wants - The New York Times

I.V.F. Coverage Is the Benefit Everyone Wants - The New York Times | The Work In Progress Report | Scoop.it
Fertility drugs and treatments are expensive, but employers have increasingly begun to cover their cost.
Sophie Wade's insight:

Is your company current with trending benefits to offer the most compelling overall employee experience?

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Gates Foundation slashes 52-week parental leave program in half

Gates Foundation slashes 52-week parental leave program in half | The Work In Progress Report | Scoop.it
The change highlights the challenge many employers face when it comes to administering generous paid leave programs.
Sophie Wade's insight:

What meaningful new policies make sense for your company? Consider all consequences to ensure they are developed & executed so benefits are utilized & manageable for all concerned - acknowledging initial necessary transition effort!

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Google's caste system is bad for workers—and bad for Google, too —

Google's caste system is bad for workers—and bad for Google, too — | The Work In Progress Report | Scoop.it
We were at the world's most enviable workplace. But a weird caste system excluded us from meetings, certain cafeterias, the Google campus store, and much more.
Sophie Wade's insight:

What average percentage of your co workforce is blended = temps/consultants/freelancers? For MANY cos it's >30%! Many positive reasons including more flexibility/responsiveness and hiring those unreachable other ways. But how are they treated?

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The Secret to Leading Organizational Change Is Empathy

If you are a company leader hoping to undertake a successful organizational change, you need to make sure your team is onboard and motivated to help make it happen. The following strategies can you help you better understand your employees’ perspectives.

Sophie Wade's insight:

Empathy is a key characteristic of leadership especially as companies go through digital transformation.

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Rise of Artificial Intelligence and Machine Learning in 2019

Rise of Artificial Intelligence and Machine Learning in 2019 | The Work In Progress Report | Scoop.it
Over the past several months service providers (baring a few) have rushed to market with a wide range of Artificial Intelligence and Machine Learning
Sophie Wade's insight:

What’s ahead in technology in 2019 that could impact—benefit, undermine and or disrupt—your business? Be informed so you know what’s coming and how to stay ahead of the game. 

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How Millennials Became The Burnout Generation

How Millennials Became The Burnout Generation | The Work In Progress Report | Scoop.it
I couldn’t figure out why small, straightforward tasks on my to-do list felt so impossible. The answer is both more complex and far simpler than I expected.
Sophie Wade's insight:

Don't understand Millennials, their attitudes, their issues? OR are you a Millennial feeling burnout? Very thoughtful article (long worthwhile read) - where we are, how the workplace & society is evolving, what is NOT working.

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Top Three Takeaways of 2018: Tentatively Transitioning

We are on the doorstep of the New Year and expectations are bubbling up, good and otherwise. To advance with fresh — and informed — anticipation, let’s consolidate learnings from an eventful twelve…
Sophie Wade's insight:

What a year of change @ work! What have we learned?! Read the Top Three Takeaways of 2018: Tentatively Transitioning.

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Firm Led by Google Veterans Uses A.I. to ‘Nudge’ Workers Toward Happiness - The New York Times

Firm Led by Google Veterans Uses A.I. to ‘Nudge’ Workers Toward Happiness - The New York Times | The Work In Progress Report | Scoop.it
Humu, a Silicon Valley start-up, applies data-driven lessons in human resources to the goal of improving employee satisfaction.
Sophie Wade's insight:

‘Nudge’ your teams for better relationships, collaboration & results in 2019. UK govt uses powerful nudge behavioral psychology, now ex-Googler Laszlo Bock⁩ start-up  Humu brings positive prompting to the workplace.

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