What is cloud computing? 

Cloud Computing Diagram
Cloud Computing Diagram

Cloud computing is a service driven model for enabling ubiquitous, convenient, on demand network access to a shared pool computing resources that can be rapidly provisioned and released with minimal administrative effort or service provider interaction.

Related References

Success – Good Reasons To Start Your Work Day Early

business woman starting working from  home
business woman starting working from home

Whether you work from home or commute to an office, there are good reasons to start the day early.  There are some obvious ones like you are rested, you can get work done before other have an opportunity to interrupt or derail your day, or my all-time favorite, you are more creative because the emotions of the day’s office politics haven’t had time to get in the way.

Most mornings, hitting the snooze button a time or 10 feels a lot more enticing than catching the worm and getting to work early. However, the benefits of doing so far outweigh the drawbacks. Even if you aren’t a morning person, it might be worth considering an earlier start.

Here are a few reasons to consider getting to work early:

You get so much done

Where there are co-workers and clients, there are distractions. You have a full page to-do list for the day, but the digressions abound, (especially in the form of others derailing you), and suddenly it’s lunchtime, and you haven’t settled a single item. Before the official workday starts though, the office is quiet and calm, and the rapid fire emails have not begun, you are free to attend to some of your most pressing agenda items in peace.

You’re ready when the official day starts.

By the time the workday proper begins, you’ll be more than ready to roll. You’ll feel awake, grounded, settled-in, caffeinated. While most are still dragging, you’ll be firing on all cylinders. You’ll get more done, (and feel happier doing it), during those morning hours than usual. Otherwise, those first few appointments or meetings can feel like a bit too much, too fast.

It gives you a feeling of control.

There’s something about feeling like you’re ahead of the day that can really improve your sense of autonomy and control. Instead of trying to keep up, you’re setting the pace. Getting to work early helps you feel more in control of your day — and this boost can go a long way.

It gives you a chance to map out your day

Because the morning is a relatively quiet time, and because at this point of the day you have so many hours ahead of you, mornings are the best time of day to make plans. Taking this opportunity to map out your day, and your priorities can help you accomplish more in a more intentional way.

People will notice.

If you regularly get to work a little early, it’s almost certain that someone will notice. Most likely, it’s someone else who likes to arrive ahead of the standard work day — maybe a manager or even your supervisor. Seeing that you make a point to beat the rush will make an impression for sure. And, there’s no harm in that.


Early to bed and early to rise makes and [person] healthy, wealthy and wise

Related References

Consulting – Managing your earning power in the gig economy

Managing your earning power
Managing your earning power

Consulting and gig engagements are known more for their flexibility than for their consistency. The gig economy thrives on companies and individuals choosing to work with freelancers, part-time contractors, and consultants who will only hang around for weeks or months at a time. The upside is that you get to dip your hand in a lot of professions and can benefit from the promise of higher incomes at a time. However, since you never know when one gig is going to end and how long the ‘layover’ between that and the next is going to be, you need to learn to manage your earning power and stay relevant at all times. To that end, let’s explore a few pointers;

Choose your skills wisely

There are fields out there that have become so saturated with talent that it is hopeless to expect them to keep growing in away that favors the workforce. These fields have a next-to-zero probability of raising their rates, so chances are that you will get stuck in a rut. Go for emerging gigs that require specialized, hands-on skills and esoteric knowledge.For instance, there are is a lot more need for cryptographers, translators, and 3D graphic design specialists than there is for, say, freelance writers or plumbers.

Keep tabs on the hours you work

The general rule here, is not to give away you work.. 


Do not dabble in any professional work where every single hour is not billed. This is because, at the end of the day, your earnings are going to be spread over the course of your work hours, which stretches your per hour earnings thin and puts you in a bind. Overtime is not a good idea either, because you end up with less money for longer work hours (especially if there is no binding overtime agreement), and don’t even let me get started on the very real potential for a burnout.

Diversify your work streams

A lot of freelancers out there choose to focus on a single revenue stream. That is a dangerous way to live because then, you have nowhere to turn to when work in your niche starts to thin out. Even if you essentially work in one profession, make sure that your sources of income are well distributed in that network. You can also identify your strengths and spread them across a number of manageable income streams. If You have piled up a good amount of money over time, think about investing a little in something that won’t take too much of your time but will earn you an income on the side.

Have a plan in place to manage risk

The gig economy exposes you to both legal and income risks. Legal issues such as the provisions in the contracts you sign could put you in a position where there is little, if any, wriggle room. This Limits your chances of getting a few gigs with client B even when still attached to client A. Since you don’t want legal exposure that eats further into your time and money, you need to always have a clear understanding of what you are setting yourself up for before you ink that contract. As for income risks, just have a budget with a saving plan in place and always tuck away about 6 months’ worth of rent and utilities just in case you fall through the cracks

Manage your brand.

Branding is all about perception. You want to keep the outlook of a savvy, modern professional who knows all the nuances in your niche. Focus on developing yourself professionally. Never shy away from any opportunities to learn, and find a way to front yourself as a source of authority in your area of expertise. Keep your brand visible by using the internet in the right way-think blogs, websites and social media.

Conclusion

Building income in the gig economy is easy, but staying afloat even during lean times is tricky. By Adopting freelance work best practices, you get to diversify your streams while at the same time stashing some financial resources away for when work might become hard to find. Whatever you do, just make sure you stay relevant and flexible enough to cope with the changing tides in the freelancing space.

Related References

Success – Your Habits will either make you or break you

The Path To Success
The Path To Success

“Depending on what [your habits] are, our habits will either make us or break us. We become what we repeatedly do.” ―Sean Covey

Related References

Technical Debt

Technical Debt

Technical Debt

During the software engineering process, there are different issues which should be dealt with or else they will subject the project to unnecessary costs later. The technical debt perspective should be considered in each step of software development. For instance, when analyzing the cost of cloud approaches, you need to take into consideration the technical debt. You should as well factor the engineering aspect when making technical decisions such as choosing between cloud services vs. homegrown solutions.

What is technical debt?

Technical debt refers to the implied cost which will be incurred to do additional rework on a system after the engineering process is done. For example, engineers can choose to go for an easy option so that they can save time during the product design. The right steps which they will avoid will later need to be implemented which will mean a product has to be recalled or it will have to be fixed after it has reached the market which will cost more in terms of resources and manpower.

What are the most common types/causes technical debts?

Deliberate tech debt

In this case, engineers are aware of the step which is necessary during project implementation, but they will ignore it provided they can go for a shortcut which will save on cost and avail the product to the market. For instance, when analyzing the advantage of using the public cloud, some engineers may assume certain benefits, and later they will realize they are very necessary hence they are forced to go back and procure the system. It will lead to wastage in the company. Some engineers will not like doing the same process every now and then; they can avoid a given process only to expose the final product to flaws which will require re-engineering.

Accidental/outdated design tech debt

After designing a product or software, with time the technology will advance and render the design less effective in solving certain needs. For instance, due to advancement in technology, the tools you incorporated in a given software may end up being flawed which will make the product less effective which may necessitate re-engineering. Engineers may try their level best to come up with great designs, but advancement in technology can make their designs less effective.

Bit rot tech debt

It is a situation where a complexity develops over time. For example, a system or a component can develop unnecessary complexity due to different changes which have been incorporated over time. As engineers try to solve emerging needs, they can end up exposing the product to more complications which can be costly in the long run.

Strategies for minimizing technical debt

How to minimize deliberate tech debt

To avoid the tech debt, you need to track the backlog when engineers started the work. If you can track the backlog and identify areas where the engineers are trying to save time, you can avoid the debt.

Minimizing Accidental/outdated design tech debt

You need to refactor the subsystem every now and then so that you can identify the technical debt and fix it. For example, if the software is exposing you to unnecessary slowdowns, you need to fix the errors and make it meet industry standards.

Addressing Bit rot tech debt

Engineers should take time to understand the system they are running and clear any bad codes.

What Is Machine Learning?

Machine Learning

Machine Learning

Machine learning is Artificial Intelligence (AI) which enables a system to learn from data rather than through explicit programming.  Machine learning uses algorithms that iteratively learn from data to improve, describe data, and predict outcomes.  As the algorithms ingest training data to produce a more precise machine learning model. Once trained, the machine learning model, when provided data will generate predictions based on the data that taught the model.  Machine learning is a crucial ingredient for creating modern analytics models.

Empowered

Empowered

Empowered

Power is one of the most sought-after, yet all too often misunderstood, aspects of the human condition. Everyone strives for greater power, be it in business, love or life in general. We all vie for the next advantage or seek to improve our own circumstances. This is a normal facet of humanity and should be treated as such. Power is, by itself and its definition, ambiguous – neither good or evil. It just is, yet its importance cannot be overstated. Personal power is the force that creates business titans and top managers, star athletes and household names. Yet cultivating the kind of Personal Power that galvanizes the mundane into the extraordinary means looking beyond the accepted concepts of Power to the underpinnings of what personal power really is, and what it isn’t.

Personal Power is not a position of authority or the ability to influence. Instead, Personal Power lies in the capacity, ability, and willingness to act – regardless of the environment. This book breaks down the barriers, so many of us face when we try to manifest our own personal power, explaining the roadblocks in our way and how to move past them.

From understanding the many forms of power to utilizing what you have and learning skills that can take you farther, this book is both a guide and a map, one that will help you unleash your potential by finding, and cultivating, the Personal Power within.

Empowered Kindle Edition

Empowered (Paperback)

Professional Emails include a signature Block

eMail, Professional Emails include a signature Block

eMail

I encountered, what I will admit is a pet peeve today, which is why I’m writing this article.  I needed contact someone whom I correspond with regularly, but I have no reason to call or be called by them.  So, after checking my phone, went to their email thinking this would be a fast and easy way to gather the contact information.  Well, not true.  I did eventually gather the information and contact the person, but what a waste of time, which is time they are being billed for one way or another.

Example Signature Block

Ewing A. BusinessProfessional

Senior, Technical Generalist

Favinger Enterprises, Inc.

100 Spacious Sky, Ice Flats, AZ 85001

Phone: (800) 900-1000 | http://www.favingerentprises.com

 

Which email should have a signature block?

  • The signature block should be on every email (both initiated by you and replied to by you), this was true even before the days of remote work, but for remote workers, contingent works, and works who travel frequently it can be a productive enhancer.
  • Plus, it is simply the professional thing to do and saves everyone time and frustration. Not to mention it makes you look unprofessional not having one. do you really want to do that to your personal brand?
  • As if that were not enough, including your signature block is free advertising for you and the company you represent.
  • Additionally, most email accounts let you build one or more signature block, which can be embedded in your email.

Where to place your Signature Block?

  • The signature block should go at the bottom of your email. I still use the five lines below the last line of the body of the email to provide white space before the closing, as I learned when writing business letters decades ago.

What should be in a signature Block?

  • The signature block should be compact and informative and at a minimum should include:

The Closing

  • The closing is simply a polite way of saying I’m ending my message now. I usually go with the tried and true ‘Sincerely’, but others go with ‘Thank you’, ‘Best Regards’, or ‘Best Wishes,’. The main points, it should be short, polite, and professional.
  • This section should be followed by two lines

Your Name

  • This line is your professional name (First Name, Middle Initial, and Last name) and designations (Ph.D.…etc.)
  • This is your chance to say who you are and brand yourself to the reader, in a way which your email address cannot. Especially, when you consider that many of us don’t control what work email address is assigned to us.

Your Business Title

  • Including your business title provides some insight into your role and professional expertise.

Your Company Name

  • Much like your title, providing the Company Name and Address lets the reader know who you represent and, perhaps, more importantly, it is free advertising for the company.

Your Phone Numbers

  • Including your phone numbers, both office and cell (if different) enable people to quickly reach out to you if they need or want to. Not everybody keeps all their infrequent business contacts in the phone directory.
  • Putting your phone numbers on your signature block, also, enable the potential caller to verify that the numbers which they may have are still correct.

There are other items are sometimes included, such as:

  • A company logo to enhance the appearance and quality of a signature block
  • The Company’s website to help customer find out more about the company and to direct business to the company
  • The senders email to reinforce the email address in the header of the email.

However, the guidance provided above will make you look a lot more professional in a hurry if you have not been including a signature block in your emails.

Printable PDF Version of This Article

My Most Used Windows 10 Keyboard Shortcuts

Shortcut Keystrokes

Shortcut Keystrokes

While there are a great number of useful windows 10 shortcuts, I have the list below the combination, which I use daily.  Many of the shortcuts can be used across multiple applications (e.g. Notepad++, MS Word, SQL Server, Aginity, etc.) and save a considerable amount of mouse work.  Overall, these shortcut keys are more efficient and faster than using the mouse to perform the same task on a repetitive basis.

You may want to investigate the numerous other Windows 10 shortcuts keys, which best apply to your daily activities, but these are the ones, which I have found most useful and which I have committed to memory.

Table of My Most Used Windows Shortcuts

Key
Strokes

Behavior

Alt
+ Tab

Switch
between open apps

Ctrl
+ A

Select
all items in a document or window

Ctrl
+ Alt + Tab

Use
the arrow keys to switch between all open apps

Ctrl
+ C

Copy
the selected item

Ctrl
+ D

Delete
the selected item and move it to the Recycle Bin

Ctrl
+ F

Select
the search box

Ctrl
+ V

Paste
the selected item

Ctrl
+ X

Cut
the selected item

Esc

Stop
or leave the current task

F5

Refresh
the active window

F11

Maximize
Window

Related References

 Microsoft > Windows Support > Keyboard shortcuts in Windows

 

 

 

 

 

 

The Benefits of Having a Project Cart

Home Office Project Cart

Home Office Project Cart

I never really thought about how to make my home office more convenient even though I have worked from home for several years. However, I recently purchased a nice three-level cart and have found it extraordinarily useful. Especially, as I have my books and other reference materials scattered throughout my house in multiple bookcases and some even in the garage on shelves.

Advantages of a project cart

Among the advantages of a project cart that I have found are:

  • ability to declutter my office
  • put my research materials and notes into organized buckets
  • ability to swap out my reference materials according to my work priorities for the day
  • the ability to hide the cart and what the contents of it are

Qualities of a good home office cart

here are some things I would recommend you consider before buying your office cart, which may make the cart more valuable to you:

  • first, the cart should be sturdy, you really don’t want a rickety cart, if you’re going to be rolling around your house and loading it up with heavy books or other project materials according to your interests.
  • the cart should be small enough to tuck away someplace when you wanted out of sight in case you have visitors or company or something. For example, when my cart is not in use, I roll the cart into a nice little closet in the hall out of the way.
  • Consider carefully the wheels; my house has tile throughout, so, small wheels are fine. However, if you have carpeting or uneven edges that you must cross with the cart you may want to consider larger and wider wheels.
  • Of course, there are the aesthetics, do you care if the cart has a rustic look, or a modern office look, or even what color it is.

 

Common Keyboard shortcuts for Internet browsers

Internet Browser

Internet Browser

Here are some useful keyboard shortcuts, which can increase your speed and reduce the use of the mouse when working one of the common Windows Internet browsers.

Keystrokes Function
CTRL C Copy
CTRL N New window
CTRL Shift T Reopen last closed tab
CTRL W   Close current tab
CTRL F Find on page
CTRL T New tab
CTRL Shift W Close browser and all open tabs
CTRL Plus Zoom in
CTRL Minus:   Zoom out
CTRL 0: Resets zoom to default

 

What is Source Control?

Acronyms, Abbreviations, Terms, And Definitions

Acronyms, Abbreviations, Terms, And Definitions

Source Control is an Information technology environment management system for storing, tracking and managing changes to software. This is commonly done through a process of creating branches (copies for safely creating new features) off of the stable master version of the software, then merging stable feature branches back into the master version. This is also known as version control or revision control.

Why Consilience Is Important?

Tree of knowledge

Tree of knowledge

What is Consilience?

Consilience is the confluence of concepts and/or principles from different disciplines, especially, when forming a comprehensive unifying theory.

Independent Confirmation

Why are some inventions discovered at the same time in different parts of the world? Does this have something to do with the scientific process of “sharing important discoveries?” Generally, scientists believe that they are part of a community of knowledge. Their discoveries do not occur in a vacuum. They must give credit to those who went before and created the foundation for their work. Therefore, when they discover something new, they are required to share it with the entire world. This sharing is part of knowledge evolution. Interestingly enough, it is also key to the World Wide Web. Collaboration is one of the key strengths of the Internet. It is a way to increase overall knowledge of Planet Earth. Science can also increase the strength of their theories through independent confirmation.

Result Conciliation

There are oftentimes prescriptions for the types and numbers of witnesses to accomplish certain legal requirements. Anyone who has completed an experiment understands the importance of result conciliation. A hypothesis is not proven to be true unless it can be repeated by independent sources. This shows that the reality is objective. The word, Consilience was formed by two Latin words – “com” meaning “together” and the suffix “-silence” meaning “jumping.” Therefore, Consilience means “jumping together” or a “convergence of proof from independent sources.” Scientists should use different methods to reach the same conclusion. Business and economics have a similar concept. Just think of the concept of a Recession or Depression. These are officially declared when a variety of indicators are in agreement – stock market, employment, inflation, money supply and so forth.

Knowledge Evolution

Consulting can use the concept of Consilience to teach firms how to follow objective norms. Technology consulting can compare a subjective company’s practices to objective industry norms. The best career development is successful based on objective, independent analysis. The concordance of evidence can help a business create a successful strategy. Consilience is the convergence of evidence from independent sources to prove the validity of a conclusion. Objective corporate success can be achieved by satisfying objective needs of your customers. Business intelligence requires an objective standard, such as Consilience to be useful.

Conclusion

Consilience is important to you because the answer to any given problem may not necessarily come from within your field of expertise and experience. rather, to be truly competitive in an ever in an ever increasing world of knowledge, we need to adopt a broad-scoped renaissance approach to learning and thinking, which folds in other sets of concepts and principles to create the durable solutions for today and tomorrow.

 

Management principles – You can’t Manage what you don’t Measure

Business Intelligence and Analytics

Business Intelligence and Analytics

 

Management and Measurement

You can’t manage what you don’t measure is an old management adage that has been used for many years and while most attribute it to Peter Drucker, some claim that the quote was first used by Dr. W. Edwards Deming, although it is a bone of contention whether or not the quote is used in the correct context.

Irrespective of who said it first, I have always agreed with the principle. Coming from a corporate background where this is one of the management principles often used, I was surprised to learn that there are those that strongly disagree with the statement. This group argues that there are many things being managed at work that aren’t measurable, from the confidence we instill in a new, young manager, to the quality of new hires.

The argument is made that quantity is easy to measure, i.e., how much salespeople sell, how many leads marketing creates, or how many phone calls telemarketing makes, but that quality can’t be measured, i.e., excellent customer service, good technical support, or what differentiates a good consultant from a great one.

What to measure

Many organizations use Key Performance Indicators (KPIs) at multiple levels to measure their success at reaching targets, and will then manage the factors influencing the KPI to get it to where they want it to be. A KPI is a value that is measured and shows how effective a company is in reaching key business goals.

Setting a KPI and measuring a specific value is however not always as straightforward as it might seem. To set a KPI, the underlying business objective needs to be properly understood. In one example, a department manager’s KPI included the volume of sales, measured in dollars. In an effort to improve sales, the manager decided to change the remuneration of her sales reps from a fixed salary to a small, basic salary plus commission on sales made. The idea behind this was to incentivize the work, which would lead to increased sales. In the early months after implementing the change, the sales made by account reps did indeed increase dramatically. The CFO then however discovered that the profit margin on those increased sales was substantially lower than the minimum the company expected. The sales reps were discounting the product to increase sales, resulting in a high commission, but the net effect was that the company made less profit.

It is critical that the company’s objectives are clearly understood by all parties and that a suitable metric is measured to check if the objective is being met.

Can quality be measured?

Those arguing that quality, such as excellent customer service, or good technical support can’t be measured, often express the view that the only way that a company can determine how good their service or support is, is by asking the customer. I agree with that statement, but when you do that, aren’t you measuring these aspects? If 50% of your customers feel that your service and support is good, that is a measure against which you can manage and improve those objectives.

The same can be done for any qualitative metric. It merely becomes a question of what is appropriate to measure, and how to obtain those metrics. Qualitative measures often have to be done indirectly, i.e., you need to measure indirect results rather than direct ones.

 The role of Business Intelligence

With the sheer volume of data available across the business, and with much of it residing in different systems, it becomes very difficult to extract the relevant metrics to measure and improve. This is where Business intelligence or BI comes in.

BI utilizes computer-based techniques to spot, extract, and analyze business data, including things like sales, marketing, and production in order to make substantial improvements. Business Intelligence uses data already collected in the business. It is able to utilize data from such diverse sources as website analytics, accounting systems, customer relationship management (CRM) and email management systems.

A Business Intelligence system can automatically use and analyze all the information from these applications in real-time. This enables companies to quickly see, manage and improve their performance. BI goes further than simply measuring performance so that it can be improved, but also helps identify weaknesses in the company.

When an organization grows to the point where huge volumes of data are involved, analytics are used to examine large and varied data sets to uncover correlations, hidden patterns, customer preferences and market trends; so, organizations can make more-informed business decisions.

Both BI and big data analytics can hugely benefit Organization & Planning within any business. If you have all this information, irrespective of how exactly it was obtained or measured, managing the direction you want to go becomes an informed decision that can be planned for, rather than a guessing game based on ‘gut feel.’

A crucial element that is required in today’s fast-moving world is an organization’s ability to respond rapidly to changes in both the external and internal environment. This is known as Business agility, and it is not possible to do if the business does not measure what is going on inside and around it, and then manages accordingly.

Related References

 

Consulting – You must love your work?

Work Success

Work Success

Why you should love your work

Sooner or later you will wonder why you are not passionate and energized about your work. At the same time, an inner voice will tell you to suck it up because work is only a four-letter word and you are not supposed to enjoy it.

It is a misconception because loving your work can bring manage benefits. Work should enable and empower, not entrap.  Here we have some of the reasons why you should love your work.

Helps with your success

When you love your career, no one can stop you from getting successful. You will do everything that it takes to assure that your customers love what you are offering, and your boss appreciates your every move. You would prefer to collect the appreciations because your every move will be well planned, and you will not be afraid to take it to the next level.

You are always ready to learn

You will do anything that will help you in future when you love your work.

  • We all know that technology is evolving, and you will take every step to assure that you learn how to work in the new environment.
  • You will be ready to attend all the conferences and other presentation only to learn something new
  • When you love what do training is easier to take and will feel less like an imposition, and you will never want to miss your chance of learning something innovational and new
  • With the passage of time, your knowledge, experience, and skill will grow

You will be willing to work until an older age

The best thing about loving your work is that you would prefer to work as long as you can. Most people, who do not love their work, spend most of their time waiting for the retirement. As soon as they are retired, they feel like their burden has been relieved.

However, when you love your work, you will never like to leave it. You will love to continue your job one way or another to assure that you are never disconnected. The word retirement will not be present in your dictionary. There are a few individuals that have worked till their last breath only because they loved being the part of their country.

More energy and determination

You will have more energy to put into your work when you love it. You will take all the risks, and even if you have to stay up all night, you will do it only to assure that everything is fine with your work. You will give your work everything to make it reach the level of success of which you have dreamt. You will be determined, and there is nothing that can reduce your motivation when you are working.

You will be ready to make a difference

When you start loving your work, you will notice that you will begin to think about new projects and products that will enhance the visibility of your business and this approach that will help you outpace and create your competitors. When the market is getting highly competitive, it is not easy to prove that you are different but when you love your work you can do anything to stand out. It might not be easy in the beginning, but with passion, you will get used to it.

You will quickly overcome challenges

One of the most significant benefits of loving your work is that you will be ready to face all the challenges thrown your way. You would take them positively as a way of growing and learning new things. Every morning you will wake up with a new energy and enthusiasm. You will be waiting for the new challenge that comes your way. The problem-solving skills will improve, and you will notice a difference in your mood and attitude. It will be easier for you to work with your team and your company will grow.

Tips for loving your work

In case that you have lost the passion and it has become hard for you to love your work or have the required energy. Do not worry because we have got your back with some of the important tips that will help you grow quickly.

1-Discover what you love

Confusions can happen anytime, and that is why we often make the wrong decision. It is important that you have proper mentoring because it is the only way to find out what you love. With the help of mentoring all your doubts will clear, and you will know that you have taken the right decision.

2-Take risks

Once you have found what you love it is important that you take the required risk to make it happen. It is a reality that when we are trying to do something new and unique, our family and friends will oppose us. They love us and want the best for us, and that is why they will try to pursue you to do something else.

However, if you understand your goals, it is important to take a chance. You should take their opposition as motivation because it will help you to show everyone that you can turn the thing you love into a successful business.

3-Stay positive

When you are doing what you love there will come a time when you will have no support. You might need some financial help, but no one will be there for you because they think that you are wasting your time and you will waste their money as well.

However, you have to stay healthy and confident. The reason is that if you break at this point, you will never be able to stand up again and show people the potential you have within you. Take some help from the lenders and assure that you have the best business plan, work hard and prove.

4-Know what you value in life

There are three things that you have to pay attention to

  • Security
  • Achievement
  • Purpose

It is vital for you to identify that which one of these factors are most important to you. Once you will learn it will become easier for you to follow the path you love. There are different sides of the business, and it is essential that you learn which one of them you like the most.

Understanding the purpose of your life is important because only then you will be able to follow the right path. If you want security make sure that you make yourself secure first before you start to invest in your business. Once you get what you want it would be easier for you to pay attention towards your job. It might take some time, but you will eventually learn what you to do and when to take the right decisions.

5-Do not say  ‘will do,’ just do it

The most common mistake that we often make is that we keep saying that we will do something, but we do not take the required steps. We keep delaying the tasks and actions we should seek to accomplish what we want. In the end, the only regret remains because the right time is not available anymore.

It is essential that you do things today, instead of leaving them for tomorrow. Take baby steps in the beginning. Once you start doing what you want,  nothing can stop you from taking everything to the next level. It is the time for the decision and so stop wasting your time.

6-Use power of attraction

You might find it funny, but the power of attraction exists. Once you start giving everything to what you love, others will notice your passion and enthusiasm. They will see that how hard you are working and, so they will love to invest in your work.

Your hard work and passion will give the impression that you are trustworthy and true to your work. That is why people will be attracted, and it will help to increase your revenue with the passage of time, and it will attract more individuals, and there will be no going back.

How Consulting can help you love your career

Once you are ready to love your work, but you are finding it hard to do so consulting will be the best option. Consultants will never let you lose your positivity and passion. Here we have a few ways in which consultants can help you.

Self-motivation

The biggest benefits you will get from consulting is self-motivation. The best consultants know how to train you to always stay at the top of your mood even in the worst conditions. Experienced consultants will teach you different tricks and techniques that will help you to deal with even the toughest situations. In time you will learn to manage your stress, and so you will find something productive even in the darkest hours.

Learn to collaborate

To make the business successful, you have to develop and work with the team. There are a few leaders that think themselves as complete, and so they will not pay attention towards what their team is saying even if they are correct. It will make them hate you. Consultants will teach you to collaborate with your team. They will guide you to take their advice so that it will become easy for you to manage the tasks and you will always be open to new ideas and techniques.

Perfect solution

You will notice that with consulting you will be able to find the solution to every problem. The reason is that consultants always have the best solution to every problem or they will find one in limited time. When you stay with one, you will learn their tricks as well. Even your team will be surprised that how easy it is for you to deal with different problems.

Helps you find your path

In case you are not on the right path, there is no need to be concerned.  The consultants will ask a few questions to look for the reason that might have been disturbing your inner peace. Once they find the issue, they will help you to acknowledge it. They will be at your side in every situation, and so soon you will be able to make the most important decisions easily without any distractions or issues.

Mentoring

Consultants will be your perfect mentors. They will guide you regarding everything and will assure that you never take a wrong decision. They have more experience than you have and they have faced the world as no one other has. So they will mentor you in every tough situation. You can turn to them whenever you feel stuck or disturbed. Let them know your issues, and they will understand that where you are going wrong to help you out.

Bottom line

Once you learn to love your work, you will have a more peaceful and successful life. It is never too late to change your path and do what to love or find passion in what you are already doing. Take help from the best consultants because they know what you need the most. While selecting the consultant, you have to be very careful. All the consultants are the best, but every one of them has specialties in different fields. Make sure you select the one who meets your requirements in the best possible way. Let them know your goals and issues, and they will tell you who is the best for you.

Related References

 

 

What does the Information technology consultant do?

Consultants

Consultants

What’s the information technology consultant job?

The growth of e-services and the rise of social computing has created an increase in the demand for information technology consultant jobs.

The combination of technology and business knowledge is what information technology consultancy is all about. It focuses on advising their clients on how to perfectly use information technology to achieve their business objectives and overcome they IT problems they may face, improving the IT systems’ structure and efficiency in such organizations.

Moreover, information technology consultants provide these organizations with strategic guidance, in the form of estimating, managing, implementing, deploying and administering their IT systems, helping major business processes through the enhancement of IT systems.

Providing expert technical assistance and guidance during selection and procurement are also parts of what the information technology consultant do. IT consultants can also be involved in business development, technical duties, and even sales, having the responsibility for user training and feedback as well.

Why are IT consultants called in?

For:

  • Specialized expertise
  • Their recommendations and external, objective advice
  • Temporary help during a one-time project, when hiring permanent employees is not necessary
  • Outsourcing IT services from a specific company

IT consultants’ duties

Their duties will depend on the nature of each project.

However, a typical project may involve:

  • The consultation of staff from different parts of a client’s organization
  • The analysis of the organization’s data
  • The determination of the information system requirements
  • Defining the objectives of the project
  • Making recommendations, as IT consultants may suggest appropriate hardware, software, and systems
  • Designing, installing and trialing software and, fixing any problems that may arise
  • Collecting and presenting information
  • Writing reports and documentation
  • Resolving computer problems and removing viruses
  • Training users
  • Responding to customer inquiries.

Therefore, the IT consultants’ day duties may include:

  • Meeting with clients to determine their requirements
  • Working with them to define the scope of the project
  • Planning timescales and the resources needed for the project
  • Clarifying the clients’ system specifications, understanding the nature of their business and their work practices
  • Travelling to the client sites.
  • The cooperation with the staff members at all levels in the organization
  • Determining the software, hardware and network’s requirements
  • Analyzing the IT requirements, giving their independent and objective advice on the use of these IT systems
  • Suggesting new solutions and new systems implementation
  • Presenting such solutions in oral or written reports
  • Assisting clients with change-management activities
  • Purchasing systems where appropriate
  • Designing, testing, installing and monitoring new systems
  • Preparing documentation and presenting progress reports to clients
  • The organization of users’ training and also for other consultants
  • Being involved in sales
  • Supporting and maintaining contact with clients’ organizations
  • Identifying potential clients and building and maintaining contacts.

Qualifications

Having any degree, you can enter the information technology consultancy field, even if you are a school leaver, but you have to show interest in and knowledge of such field. And of course, previous work experience and deep interest in IT consultancy are beneficial. A master’s degree is not required to get an IT consultant job. However, it increases the chances of securing such jobs, especially if your degree is not in a related subject to information technology.

Here are some of the subjects that are useful for IT consultant jobs.

  • Software engineering
  • Information systems
  • Electronic/electrical engineering
  • Business studies
  • Mathematics
  • Computer science
  • Other science/engineering disciplines

However, there are some postgraduate courses for graduates of unrelated subjects to provide students with the valuable skills needed for the business industry as well as, skills required for information technology consultant jobs.

What are the most important skills required?

You need to possess these skills to compete in the information technology consultancy field:

  • Teamwork skills
  • Interpersonal and communication skills
  • Advisory language skills
  • Business and management language skills
  • Technical language skills
  • The ability to introduce technical information to non-IT clients and also, colleagues
  • Business skills
  • Problem-solving skills
  • Leadership skills
  • Technical and analytical skills
  • Good organizational skills to prioritize heavy workloads
  • Time management skills to meet deadlines
  • The ability to work under pressure
  • Multitasking ability
  • Presentation skills
  • Attention to details
  • Confidence
  • Decision making
  • Excellent customer service skills
  • The ability to learn quickly
  • Adaptability and flexibility

What to expect?

  • It’s an office-based job, working in a project team in clients’ premises. So, IT consultant should expect to travel to clients’ premises.
  • Traveling within the working day to clients’ sites is often needed. Overseas travel may occasionally be necessary, which depends on the consultant’s employer.
  • Also, overnight absence from home is frequently required.
  • As regards the working hours, its officially 8 hours. However, sometimes extra hours are required to meet the clients’ deadlines as well as taking a lot of time traveling to clients’ premises.
  • It’s a stressful job, with strict project based deadlines.
  • A part-time job is unlikely, but IT consultant jobs are project-based so, breaks are possible.
  • Self-employment is also possible, managing your working hours.
  • In the IT consultancy field, men’s percentage exceeds the women’s. However, there are various groups supporting women in IT and technology, to encourage them to work in this industry.
  • Formal dress code, for meetings and visiting clients, but otherwise, it’s relaxed.
  • As regards the salary, the IT consultation fees are measured on a per day or per consultant basis. However, fixed fee IT consultation applied to contracted IT consultants or well-defined projects that have a specific amount of work and a defined timeframe.
  • The salary depends on the type, location and size of the employers and it is also usually performance-related.

Experience required for work

  • Some employers can recruit junior information technology consultants in their business and technology sectors.
  • First and second-year undergraduates can apply for internships in the IT consultancy field, gaining work experience in a commercial environment to acquire management skills and the ability to understand the business benefits of information technology.
  • Competition is fierce so, start applying for IT consultant jobs for large firms in the autumn term of your final year as places will fill fast and the competition is getting stronger as time passes.

Related References

Common Information Technology Architectures

Overview Of Common Information Technology Architectures

The world is currently in the Information and Technology era, were as, so many experts are of the opinion that the Silicon Valley days are beginning to come to an end. Information and Technology is basically what the world revolves around today which makes it necessary to consider some technical overview of Information and Technology architecture use. The term Information Technology is often used in place for computer networks, and it also surrounds other information related technologies like television, cell phones and so on, showing the connection between IT and ICT (thou IT and ICT are often used to replace each other but technically are different). When talking about IT architectural, it is the framework or basis that supports an organization or system. Information technology architectural concerning computing involves virtual and physical resources supporting the collection, processing, analysis and storage of data. The architecture, in this case, can be integrated into a data center or in some other instances decentralized into multiple data centers, which can be managed and controlled by the IT department or third-party IT firm, just like cloud provider or colocation facility. IT architectures usually come into play when we consider hardware for computers (Big Iron: mainframe & Supercomputers), software, internet (LAN / WAN Server based), e-commerce, telecom equipment, storage (Cloud) and so on.

Information Technology Industry Overview

Information Technology Industry Overview

We human beings have been able to manipulate, store, and retrieve data since 3000Bc, but the modern sense of information technology first appeared in an article in 1958 published in a Havard Business Review: Harold j.Leavitt and Thomas L.whisler were the authors, and they further commented that the new technology was lacking an established name. It shall be called information technology (IT). Information Technology is used in virtually all sectors and industries, talking about education, agriculture, marketing, health, governance, finance and so on. Whatever you do, it is always appropriate to have a basic overview of the architectural uses of Information Technology. Now we take a look at some standard Information technology architectures use with regards to technology environment patterns such as Big Iron (mainframe & Supercomputers); Cloud; LAN / WAN Server based; storage (Cloud).

Big Iron (Mainframe & Supercomputers)

Big iron is a term used by hackers, and as defined in the hacker’s dictionary the Jargon File refers to it as “large, expensive, ultra-fast computers. It is used for number crunching supercomputers such as Crays, but can include more conventional big commercial mainframes”. Often used concerning IBM mainframes, when discussing their survival after the invention of lower cost Unix computing systems. More recently the term also applies to highly efficient computer servers and ranches, whose steel racks naturally work in the same manner.

Supercomputers are known to be the world’s fastest and largest computers, and they are primarily used for complex scientific calculations. There are similar components in a supercomputer and desktop computer: they both have memory processors and hard-drives. Although similarities exist between supercomputers and desktop computers, the speeds are significantly different. Supercomputers are way faster and more extensive. The supercomputers large disk storage, high memory, and processors increase the speed and the power of the machine. Although desktop computers can perform thousands or millions of floating-point operations per second know as (megaflops), supercomputers speeds perform at billions of operations per second also known as (gigaflops) and even up to trillions of operations per second know as (teraflops).

Mainframe Computers

Mainframe Computers

Evolution Of Mainframe and Supercomputers

Currently, many computers are indeed faster than the very first supercomputer, the Cray-1, which is designed and developed by Cray Research team during the mid-70s. The Cray-1 had the capacity of computing at the rate of 167 megaflops using a rapid form of computing called the Vector Processing,   which is composed of quick execution of instructions in a state of pipelined fashion. In the mid-80s a faster method of supercomputing was originated: which was called Parallel Processing.  Applications that made use of parallel processing were and are still able to solve computational issues by using multiple processors. Example: if you were going to prepare ice cream, sundaes for nine of your friends. You would need ten scoops of ice cream, ten bowls; ten drizzles of chocolate syrup with ten cherries, working alone you would put one scoop of ice-cream in each bowl and drizzle the syrup on each other. Now, this method of preparing sundaes will be categorized as vector processing. To get the job done very quickly, you will need help from some friends to assist you in a parallel processing method. If five people prepare the ice-cream mixture, it would be five times as fast.

Parallel Processing

Parallel Processing

Application Of Mainframe and Supercomputers

Supercomputers are very powerful that they can provide researchers with the insight into sources that are small, too fast, too big, or maybe very slow to observe in laboratories. Astrophysicists make use of supercomputers as time machines to explore the past and the future of the universe. A fascinating supercomputer simulation was created in the year 2000 that was able to depict the collision of two galaxies: The Andromeda and our very own Milky Way, although this collision will not happen in another 3 billion years from now.

This particular simulation allowed scientist to experiment and the view the result now. The simulation was conducted by Blue Horizon, a parallel supercomputer in the Diego, Supercomputer Center. Using 256 of Blue Horizon’s 1,152 processors, the simulation showed what would happen to millions of stars if the galaxies collided. Another example is molecular dynamic (molecular interactions with each other). Simulation events done with supercomputers allow scientists to study their interactions when two molecules are docked down. Researchers can generate an atom-by-atom picture of the molecular geometry by determining the shape of a molecule’s surface. Atomic experimentation at this level is extremely difficult or impossible to perform in a laboratory environment, but supercomputers have paved the way for scientists to stimulate such behaviors with ease.

Supercomputers Of The Future

Various research centers are always diving into new applications such as data mining to explore additional and multiple uses of supercomputing. Data mining allows scientist to find previously unknown relationships among data, just like the Protein Data Bank at San Diego Supercomputer Center is collecting scientific data that provides other scientists all around the world with more significant ways of understanding of biological systems. So this will provide researchers with new and unlimited insights of the effects, causes, and treatments of so many diseases. Capabilities of and applications of supercomputers will continue to grow as institutions all over the world are willing to share their various discoveries making researchers more proficient at parallel processing.

information technology Data Storage

Electronic data storage, which is widely used in modern computers today, has a date that spans from World War II when a delay memory line was developed to remove the interference from radar signals. We also have the William tube, which was the very first random-access digital storage, based on the cathode ray tube which consumed more electrical power. The problem regarding this was that the information stored in the delay line memory was liable to change flexibly and fast, especially very volatile. So it had to be continuously refreshed, and information was lost whenever power was removed. The first form of non-volatile computer storage system was the magnetic drum, which was the magnetic drum, it was invented in 1932 and used in the (Ferranti Mark 1) the very first commercially available electronic that was for general-purpose.

IBM initially introduced the very first hard disk drive in 1956, as an added component to their 305 RAMAC computer system. Most digitalized data today are stored magnetically on a hard disk, or optically such as CD-ROMS. But in 2002 the digital storage capacity exceeded analog for the first time. In the year 2007, almost 94% of data stored in the world was digitally held: 28% optical devices, 52% hard disks, 11% digital magnetic tape. The worldwide capacity for storing information on electronic devices grew from 3 Exabyte (1986) to 295 Exabyte (2007), doubling every three years. 

Cloud Computing

Cloud Computing

Cloud Storage

Cloud storage is a modern data storage system in which the digital data is stored in an array of logical pools, the physical storage system composes of multiple servers and often various locations, and the environment is usually owned by and managed by a hosting company. Cloud storage supplying companies are in charge of for keeping the data available and accessible, individuals; organizations lease or buy storage capacity from the suppliers to store user, application data or organization. Cloud storage refers to a hosted object-storage service, I a long run the term has broadened to include other sources of data storage systems that are available as a service, just like extended storage.  Examples of block storage services are Amazon S3 and Microsoft Azure storage. Then we also have OceanStore and VISION cloud which are storage systems that can be hosted and also deployed with cloud characteristics.

Cloud computing is changing implementation and design of IT infrastructures. Typically, business-owned traditional database centers are mostly private, and capital-intensive resources (Big-Iron: Mainframe and supercomputers), cloud base computing, on the other hand, enables organizations to have access to cloud base service providers with credible data center infrastructure for a mostly avoidable fee. Infrastructure-as-a-service model, cloud computing, allows flexible data storage on demand. Consumers can beseech cloud service provider’s to help store, compute, and offer other IT related services without installing gadgets and other resources locally, saving a lot of space and money while users can quickly adjust cloud base usage depending on required workload.

Servers

On a typical day, people tend to use different IT-based servers or networks. Firstly, the process of checking your email, over a Wi-Fi connection on your PC, in your house, is a typical server.

The process of logging on to your computer at your place of work, to have access to files from the company’s database that is another typical server. When you are out for coffee the Wi-Fi hotspot at the coffee shop, is another type of server-based communications.

All of these typical servers are set up differently. Servers are mainly categorized according to a geographic area of use and the requirements of the server within those geographic areas. Servers can service just about anyone from one man usage within with one device to millions of people and devices anywhere on the planet.

Some Common Servers we will consider Include:

  • WAN (Wide Area Network)
  • LAN (Local Area Network)
  • PAN (Personal Area Network)
  • MAN (Metropolitan Area Network)

Let’s go into some detail on these networks.

Area Net Relative Size Relationship

Area Net Relative Size Relationship

PAN (Personal Area Network)

PAN (personal area network), is a server integrated for a single person within a building or nearby. It could be inside a little office or a home. A PAN could incorporate at least one PC, phones, minor gadgets, computer game consoles and other gadgets. On the off chance that various people utilize a similar system inside a home, the system is some of the time known as a HAN (Home Area Network).

In an exceptionally common setup, a home will have a single, wired Internet connection associated with a modem. This modem at that point gives both wired and remote service for numerous gadgets. The system is regularly managed from a PC yet can be accessed to from other electronic devices.

This kind of server gives incredible adaptability. For instance, it enables you to:

  • Send a report to the printer in the workplace upstairs while you’re perched in another room with your portable workstation
  • Upload the pictures from your mobile phone to storage device (cloud) associated with your desktop PC
  • View movies from an internet streaming platform on your TV

If this sounds well-known to you, you likely have a PAN in your home without you knowing what it’s called.

LAN (Local Area Network)

LAN (Local Area Network) comprises of a PC network at a single location, regularly an individual office building. LAN is useful for sharing assets, for example, information stockpiling and printers. LANs can be worked with generally modest equipment, for example, network connectors, hubs, and Ethernet links.

A small LAN server may just utilize two PCs, while bigger LANs can oblige a higher number of PCs. A LAN depends on wired networking for speed and security optimization; however wireless networks can be associated with a LAN. Fast speed and moderately low cost are the qualifying attributes of LANs.

LANs are regularly utilized for a place where individuals need to share resources and information among themselves yet not with the outside world. Think about an office building where everyone ought to have the capacity to get to records on the server or have the ability to print an archive to at least one printer. Those assignments ought to be simple for everyone working in a similar office, yet you would not want someone strolling into the office and have access.

 

MAN (Metropolitan Area Network)

MAN (metropolitan area network) comprises of a PC organize over a whole city, school grounds or little district. Contingent upon the arrangement, this kind of system can cover a range from 5 to around 50 kilometers over. A MAN is often used to associate a group of LANs together to form a broader system. When this kind of server is mainly intended for a campus, it can be called CAN (Campus Area Network).

WAN (Wide Area Network)

WAN (wide area network), involves a vast region, for example, a whole nation or the entire world. A WAN can contain various littler systems, for example, LANs or MANs. The Internet is the best-known case of an open WAN.

Conclusion

The world is changing rapidly as modern world continues its unstoppable growth. With so much of the changes happening its good education be capable of touching students in various ways. Students today are leaders, teacher’s inventors and businessmen and women of tomorrow. Information technology has a crucial role in students being able to retain their job and go to school. Especially now that most schools offer various online courses, classes that can be accessed on tablets laptops and mobile phones.

Information technology is reshaping many aspects of the world’s economies, governments, and societies.  IT provide more efficient services, catalyze economic growth, and strengthen social networks, with about 95% of the world’s population now living in an area with the presence of a featured use and implementation of IT. IT is diversified, what you are probably using to have access to this article is based on IT architectural features. Technological advancement is a positive force behind growth in economies of nations, citizen engagement, and job creation.

Success – Sleep and your career

Fox Sleeping

Sleep Management

In this age of technology and advancement, we belong to a hyper-connected culture but there is one thing we cannot get enough of and that is sleep. Thanks to the long working hours and the electronic devices our brain fail to power down and that disturbs our natural sleep-wake cycle.

Most of the individuals stay up all night and they cannot get the required 7 to 8 hours of sleep. 50 to 70 million people are suffering from a sleep disorder and sleep deprivation has turned into an epidemic. Lack of sleep not only affects our health and relationship but also our career.

Sleep and Ceridian rhythms

Sleep is an important part of life and it is important to keep our energy levels high and to help us feel better. Just like hunger makes us eat, tiredness makes us want to get some sleep. We can be tired due to different reasons like long working hours, exercise or a full day of driving. However, t6he real question is why our body needs sleep in order to perform properly. Here are some of the important reasons we have to consider.

1-Inactive theory

It is one of the oldest theories regarding sleep and it is known as the evolutionary or adaptive theory. It suggests that inactivity during night helps the individuals with the management of their next day. It protects them from any potential harm.

2-Theory of energy conservation

We know that energy is very important for our body and the only way to preserve the energy and bring it back to normal level is through food and sleep. The normal human body utilizes energy during the day and preserves it when the body is least efficient.

3-Restorative theory

The biggest benefit of sleep is that it provides the body a chance to repair itself and restore all the important function. This is the during consulting most of the specialists suggests the patients sleep for a particular amount of time.

4-Brain plasticity theory

It is a recently developed theory according to which sleep is related to the proper functioning of the brain. It is important that our circadian rhythms are properly maintained because that is the only way to manage the life properly an avoid sleep deprivation.

Sleep and cognitive abilities

It has been noticed that the response time of brain is lowered due to improper sleep. It leads to a sluggish and slow body due to which people find it hard to perform properly. If you will not have proper sleep the next day your IQ level will be lowered. Continuous sleep deprivation can have a poor effect on your leadership skills because you will remain lethargic and irritated all the time. It is important to have a proper 7 to 8 hours of sleep so that you can think straight and your problem-solving skills will improve.

Reduce stress with proper sleep

Lack of sleep leads to a stressful body. In order to deal with the stress, our body starts to produce stress hormones cortisol and adrenaline. In a recent study, two different groups were compared. It was found that the group suffering from sleep deprivation had a higher level of stress as compared to those who had a proper good night sleep.

If we are able to manage stress we will become healthy as well as we will be able to concentrate properly on our work. Having proper sleep means that we will not have to take time off work and business management will be more efficient and products. Some common symptoms of stress due to sleep deprivation are.

  • Memory issues
  • Lack of concentration
  • Poor judgements
  • Problem-solving skills will be reduced
  • Negativity
  • Mood swings
  • Anxiety
  • Constant worrying

It will lead to a short temper, frustration, and irritability that will have a negative effect on your business relationships. Communication, interaction, and collaboration are the key to successful business and lack of sleep can seriously affect these skills.

Sleep and health

If you want to have a successful career you will have to pay attention towards your health. Remember that health is not only eating proper food and having an exercise plan. If you are tired you are not healthy. Proper sleep helps our body to remain healthy. Sleep deprivation can affect the immune system of the body and so we become vulnerable to common diseases that reduce our efficiency.

Enough sleep will improve your immunity system and will help you stay concentrated and active all the time. When you are aware of your surroundings it would be easier for you to concentrate on your work and provide the best solutions and consulting services.

Tips to improve your sleep

In order to have the best leadership skills and prove that you can handle the business properly, you have to pay attention towards your sleep. You have to start will paying attention towards your food. Do not consume food items that are high in sugar or caffeine at night because that act as stimulants and you will not be able to fall asleep. Some of the important food items that you have to avoid are.

  • Fatty foods
  • Spicy food
  • Alcohol
  • Nicotine
  • Heavy meals

You should avoid consuming food right before bedtime. It is better to have a light meal like fruits at least 2 to 3 hours before going to bed. You can do exercise or yoga that will make your body feel tired and it will be easier for you to fall asleep.

When we use mobile or play games our brain remains active and so it is hard to fall asleep. You have to avoid using screens at night. Even do not watch TV at least 30 minutes before going to bed. It will help the nerves to relax and the moment you are on the bed you will be into a deep sleep.

Maintain your sleeping schedule. You should go to bed early so you can wake up early in the morning. Once you maintain your sleep-wake cycle you will notice a positive improvement in your life.

Related References

 

 

Old Wаyѕ Tо Nеw Wеаlth

Old Wаyѕ Tо Nеw Wеаlth

Gold

What’s thе dаrkеѕt сlоud hаngіng оvеr уоur hеаd? If уоu’rе lіkе mоѕt реорlе, іt’ѕ уоur fіnаnсіаl рrоfіlе. Hіgh dеbt, a hіgh (аnd grоwіng) tаx burdеn, аnd lоwеr еаrnіngѕ саn соmbіnе tо сrеаtе a wоrrіѕоmе hеаdасhе fоr аnуоnе. Onе оf thе mоѕt соmmоn mіѕсоnсерtіоnѕ аbоut wеаlth іѕ thаt thе оnlу wау tо сrеаtе іt іѕ bу еаrnіng a lоt оf mоnеу, оffсоurѕе nоt.  A bіg ѕаlаrу dоеѕ nоt guаrаntее wеаlth. Likewise, a rich inheritance that improperly managed does not guarantee wealth either. Thе рrосеѕѕ оf wеаlth сrеаtіоn rеԛuіrеѕ mоrе thаn juѕt hаvіng a bіg іnсоmе. Yоu hаvе tо fіnd a wау tо rеtаіn mаjоrіtу оf thаt іnсоmе, оr tо mаkе іt wоrk fоr уоu. It takes extra hard work and Extra thinking.

Thе hаrdеѕt раrt оf thіѕ рrосеѕѕ іѕ rеtаіnіng уоur wеаlth. Thеrе аrе mаnу wауѕ tо mаkе уоur mоnеу wоrk fоr уоu, but уоu’d bе ѕurрrіѕеd tо knоw thаt thеrе аrе еvеn mоrе wауѕ уоu can lоѕе уоur ѕаvіngѕ wіth juѕt a fеw bаd dесіѕіоnѕ. Sо mаnу реорlе hаvе ѕреnt уеаrѕ ѕаvіng оnlу tо lоѕе аll оf іt іn a ѕіnglе, рооrlу рlаnnеd trаnѕасtіоn.

Aѕ іmроrtаnt аѕ уоur сurrеnt jоb іѕ, уоu nееd tо kеер уоur mіnd оn thе рrоbаbіlіtу оf сеrtаіn thіngѕ thаt mау hарреn durіng thе wоrkіng рrосеѕѕ,

  • If уоu аrе оldеr, hоw lоng mау уоu bе rеаlіѕtісаllу еxресtеd tо wоrk оr hоw lоng muѕt уоu last, іf rеtіrеmеnt іѕ аn орtіоn?
  • Hоw fаѕt саn уоur rеtооl уоur ѕkіllѕ, іf уоur сurrеnt lіnе оf wоrk іѕ nо lоngеr vіаblе—іnjurу, іllnеѕѕ, оr есоnоmіс/tесhnоlоgу сhаngе?

Yоu nееd tо mаkе altеrnаtvе рlаnѕ оn whаt уоu саn dаbblе іntо, іnсаѕе thеrе іѕ аn еmеrgеnсу rеtrеnсhmеnt аt уоur сurrеnt рlасе оf wоrk.

Bаlаnсіng Fіnаnсіаl Stаbіlіtу

A wоrkеr whо еаrnѕ juѕt $8000 dоllаrѕ іn a mоnth muѕt bе vеrу саrеful оf whаt he ѕоught аftеr whеn іt соmеѕ tо еxреnѕеѕ, hе muѕt nоt ѕреnd сlоѕе tо hіѕ whоlе ѕаlаrу іn a mоnth іf hе wаntѕ tо grоw hіѕ wеаlth. Уоu саnnоt bе еаrnіng 8000 dоllаrѕ a mоnth, аnd wаntѕ tо rіdе іn a 20000 dоllаrѕ vеhісlе, ѕuсh a реrѕоn, іf nоt саrеful mау lіvе thе rеѕt оf hіѕ lіfе рауіng dеbt.

Grоwіng уоur wеаlth

In grоwіng уоur wеаlth, hеrе аrе thіngѕ уоu nееd tо соnѕіdеr.

Gеt ѕоmе fіnаnсіаl аdvісе.

Thе mоѕt соmmоn саuѕе оf a ѕеvеrе fіnаnсіаl соllарѕе іѕ a lасk оf fіnаnсіаl lіtеrасу. Juѕt bесаuѕе уоu wеrе аblе tо ѕаvе ѕоmе mоnеу dоеѕn’t аutоmаtісаllу mаkе уоu a fіnаnсіаl ѕаvаnt. Thе ѕkіllѕ аnd сhаrасtеrіѕtісѕ уоu nееd tо ѕаvе mоnеу аrе different frоm thоѕе thаt уоu mіght nееd fоr thе wеаlth сrеаtіоn рrосеѕѕ. Thеrе аrе соmрlеxіtіеѕ аnd ѕubtlеtіеѕ іn thе fіnаnсіаl wоrld thаt ѕоmе реорlе hаvе bееn ѕtudуіng fоr уеаrѕ. It mау rеԛuіrе a mіnоr іnvеѕtmеnt оn уоur раrt, but gеttіng financial аdvісе frоm a реrѕоn wіth аn аdvаnсеd dеgrее іn fіnаnсіаl mаnаgеmеnt іѕ nоt a bаd іnvеѕtmеnt tо ѕtаrt уоur fіnаnсіаl jоurnеу wіth.

Dоn’t рау оld dеbtѕ wіth nеw dеbtѕ.(Dоn’t bоrrоw tо рау dеbt)

Dеbtѕ аrе thе bаnе оf уоur fіnаnсіаl еffоrtѕ.  Saving and paying upfront is always best. Thеrе іѕ nо wау уоu саn bеgіn thе рrосеѕѕ оf wеаlth сrеаtіоn wіth оld dеbtѕ wеіghіng уоu dоwn. Hоwеvеr, thеrе іѕ nо ԛuісk wау tо gеt rіd оf dеbt. Yоu еіthеr hаvе tо fіnd wауѕ tо еаrn mоrе оr fіnd wауѕ tо ѕреnd lеѕѕ аnd ѕlоwlу сhір аwау аt thоѕе dеbtѕ. Thе wоrѕt thіng уоu саn dо іѕ tо gеt a lоаn tо рау оff a lоаn. Whеn уоu’rе іn dеbt, thе lаѕt thіng уоu nееd іѕ mоrе dеbt. Juѕt thе іntеrеѕt fееѕ frоm thе dеbtѕ уоu іnсur аrе debilitating еnоugh tо еvеntuаllу саuѕе a соmрlеtе fіnаnсіаl соllарѕе. Dеbt іѕ rеаllу hаrd tо оvеrсоmе. Thіѕ іѕ оnе оf thоѕе situations whеrе thе bеѕt сurе саn оnlу bе рrеvеntіоn: dоn’t gеt іntо dеbt іn thе fіrѕt рlасе.

Mаkе a buѕіnеѕѕ рlаn bеfоrе уоu ѕtаrt a buѕіnеѕѕ.

A buѕіnеѕѕ рlаn is рrоbаblу thе mоѕt іmроrtаnt аѕресt оf a ѕtаrt-uр buѕіnеѕѕ thаt іѕ mоѕt оftеn ignored. It’ѕ аmаzіng hоw mаnу fіrѕt-tіmе buѕіnеѕѕ оwnеrѕ dоn’t еvеn mаkе a рlаn bеfоrе they ѕtаrt. Thеrе аrе ѕеvеrаl rеаѕоnѕ whу a рlаn іѕ gооd fоr a buѕіnеѕѕ: іt dеtеrmіnеѕ thе fеаѕіbіlіtу оf a buѕіnеѕѕ, іdеntіfіеѕ thе tаrgеt mаrkеt, оrgаnіzеѕ fіnаnсіаl rеԛuіrеmеntѕ, аnd рrоvіdеѕ ѕеvеrаl соntіngеnсу рlаnѕ juѕt іn саѕе thіngѕ dоn’t wоrk оut thе wау thеу ѕhоuld. If уоu wаnt tо аvоіd a fіnаnсіаl соllарѕе, уоu hаvе tо еmbrасе thе іdеа оf рlаnnіng. Thе рrосеѕѕ оf wеаlth сrеаtіоn rеԛuіrеѕ a lоt оf рrераrаtіоn. If уоu dоn’t hаvе thе раtіеnсе fоr рlаnnіng, уоu dоn’t hаvе whаt іt tаkеѕ tо bе ѕuссеѕѕful.

Pау уоur lоаnѕ оn tіmе, if not early.

Wіth rеgаrd tо mоrtgаgеѕ, dеbtѕ аnd lоаnѕ, thеrе іѕ оnе tеrm thаt уоu ѕhоuld аlwауѕ bе wаrу оf: соmроund іntеrеѕt. If lеft unсhесkеd, thе соmроund іntеrеѕt, реnаltу fееѕ, аnd аnnuаl fееѕ оf уоur dеbtѕ саn ѕnоwbаll аnd іnсrеаѕе еxроnеntіаllу оvеr a ѕhоrt реrіоd оf tіmе. A рrіnсіраl lоаn оf $100 wіth аn аnnuаl аddіtіоn оf $10 аt 10% іntеrеѕt саn balloon uр tо $434 іn 10 уеаrѕ. In оthеr wоrdѕ, уоu’rе рауіng 4 tіmеѕ thе аmоunt уоu bоrrоwеd. Nоw аdd a fеw zеrоѕ tо thаt еԛuаtіоn аnd уоu’ll ѕооn rеаlіzе hоw соmроund іntеrеѕt саn еаѕіlу саuѕе a fіnаnсіаl соllарѕе. In thе рrосеѕѕ оf wеаlth сrеаtіоn, уоu hаvе tо mаkе соmроund іntеrеѕt wоrk fоr уоu аnd nоt аgаіnѕt уоu.  You can manage lеvеrаgе соmроund іntеrеѕt by:

  • Make early principal payments, as many and as much as you safely can, at the beginning or as early as you can in the loan or mortgage schedule.
  • At a minimum, pау уоur lоаnѕ оn tіmе аnd kеер уоur bаnk ѕаvіngѕ іntасt.

Knоw еxасtlу hоw muсh уоu’rе ѕреndіng.

Cаn уоu hоnеѕtlу ѕау thаt уоu knоw еxасtlу hоw muсh уоu’vе ѕреnt lаѕt mоnth? Mоѕt реорlе саn’t. Unfоrtunаtеlу, mоѕt реорlе ѕреnd a lоt mоrе thаn thеу thіnk thеу dо; thеу hаvе a tеndеnсу tо grоѕѕlу undеrеѕtіmаtе hоw muсh mоnеу thеу ѕреnd. Thеу fоrgеt tо іnсludе thе ѕmаll еxреnѕеѕ. Hоwеvеr, іt’ѕ thе ѕmаll еxреnѕеѕ thаt uѕuаllу brеаk thе bаnk. $7 ѕреnt dаіlу оn сіgаrеttеѕ оvеr a wееk аmоuntѕ tо $42. Thаt’ѕ $2226 ѕреnt оvеr a уеаr аnd $22,260 ѕреnt оvеr a реrіоd оf 10 уеаrѕ. Thаt’ѕ thе рrісе оf a brаnd nеw саr. Whаt іf уоu’rе ѕuѕtаіnіng mоrе thаn juѕt a ѕmоkіng hаbіt? Yоu саn аvоіd a fіnаnсіаl соllарѕе bу knоwіng еxасtlу hоw muсh уоu ѕреnd. Wеаlth сrеаtіоn іѕ аbоut mоnеу mаnаgеmеnt. Yоu саn’t mаnаgе уоur mоnеу unlеѕѕ уоu knоw еxасtlу hоw muсh уоu’rе mаnаgіng. Sреnd a wееk wіth a nоtеbооk аnd take nоtе оf еvеrу реnnу уоu ѕреnd tо gеt a rеаl numbеr оn hоw muсh уоu’rе rеаllу ѕреndіng.

In thе рrосеѕѕ оf wеаlth сrеаtіоn, a fеw саlсulаtеd rіѕkѕ hаvе tо bе tаkеn. Sоmе rіѕkѕ dоn’t gо аѕ wеll аѕ оthеrѕ dо. But іt’ѕ аll раrt оf thе gаmе. Yоur раth to wеаlth іѕ nоt gоіng tо bе еаѕу. Thеrе аrе gоіng tо bе ѕоmе fаіlurеѕ іnvоlvеd. Dоn’t lеt thеѕе fаіlurеѕ dіѕсоurаgе уоu. Sоmе оf thе wеаlthіеѕt реорlе іn thе wоrld hаvе gоnе thrоugh a соmрlеtе fіnаnсіаl соllарѕе оr twо. Thе kеу іѕ tо bе rеѕіlіеnt. Dоn’t gіvе uр аnd mаkе ѕmаrt dесіѕіоnѕ. Nо оnе bесоmеѕ a fіnаnсіаl gеnіuѕ оvеrnіght. Lеаrn frоm уоur mіѕtаkеѕ; ѕооnеr оr lаtеr уоu’ll ѕtор mаkіng mіѕtаkеѕ аnd fіnd a раth tоwаrdѕ grеаt ѕuссеѕѕ.

Alwауѕ hаvе аn еmеrgеnсу fund

At lеаѕt оnе mоnth fоr еасh 10,000 dоllаrѕ оf іnсоmе уоu nееd tо rерlасе іf уоu аrе ѕееkіng nеw еmрlоуmеnt.  But, nеvеr lеѕѕ thаn a уеаrѕ іnсоmе. Yоu nеvеr саn рrеdісt whаt mау hарреn, ѕо уоu ѕhоuld аlwауѕ hаvе аn еmеrgеnсу fund apart frоm уоur nоrmаl ѕаvіngѕ. Thеѕе еmеrgеnсу fundѕ аrе ѕuіtаblе fоr uѕе whеn thе еmеrgеnсу nееdѕ аrіѕеѕ, fоr іnѕtаnсе іf уоu hаvе a рrеgnаnаt wіfе аt hоmе, уоu muѕt рlаn hеr аlоngѕіdе thе еmеrgеnсу fundѕ, rеgаrdіng thе рrоbаblе dау оf dеlіvеrу, аnd ѕоmе оthеr сеrtаіn thіngѕ thаt mау bе nееdеd durіng аnd аftеr thе dеlіvеrу. Уоu nеvеr саn рrеdісt іf a mеmbеr оf уоur fаmіlу іѕ gоіng tо fаll ѕісk аnd wіll bе іn nееd оf fundѕ tо tаkе саrе оf thе реrѕоn аt thе Hоѕріtаl.

Thе ріllаrѕ оf wеаlth

  • Sреnd lеѕѕ thаn уоu еаrn (Nеvеr gеt саrrіеd аwау bу оthеr реорlе’ѕ wау оf lіfе).
  • Hаvе уоur mоnеу mаkе mоnеу fоr уоu (Lеаrn tо іnvеѕt аnd tаkе Mіnіmаl Rіѕk)
  • Avоіd debt аnd futurе еxреnѕеѕ
  • Stаrt ѕmаll аnd buіld uроn іt (Bе rеаdу tо lеаrn frоm ѕuссеѕѕful Entrерrеnuеrѕ оn hоw to grоw уоur оwn buѕіnеѕѕ tоо)
  • Dіvеrѕіfісаtіоn оf іnсоmе ѕоurсеѕ (Trу аѕ muсh аѕ роѕѕіblе tо hаvе mоrе thаn оnе ѕоurсе оf Inсоmе).

In thеѕе оld wауѕ оf buіldіng nеw wеаlth, уоu muѕt bе prepared for аnd еndurе some іnсоnvіnіеnсеѕ.  A ѕmаll аnd rеlаtіvеlу сhеар саr wіll drіvе уоu tо the same рlасеѕ thаt bіg аnd еxреnѕіvе саr wіll. Ѕо whу nоt accumulate уоur ѕаvіngѕ and gо fоr a rеlаtіvеlу less expensive аnd lеѕѕ fuеl соnѕumіng vеhісlе, іn оrdеr tо buіld uр уоur wеаlth сарасіtу. Thеѕе wеаlth buіldіng рrосеѕѕ wіll аlѕо wаrrаnt уоu tо rеduсе thе wау уоu ѕреnd, аnd еvеn rеԛuіrе уоu drорріng ѕоmе ѕеt оf frіеndѕ thаt уоu іnіtіаllу mоvе wіth. Frіеndѕ thаt dо nоt саrrу thе ѕаmе vіѕіоn wіth уоu аrе nоt nееdеd іn уоur vісіnіtу, оr еlѕе thеу wіll сrаѕh lаnd уоur grеаt рlаnѕ.

But оn thе lоng run, уоu bесоmе a wеаlthу реrѕоnаltу аnd hаvе lіttlе оr nоthіng tо wоrrу аbоut, rеgаrdіng fіnаnсіаl frееdоm, аnd rеgаrdіng thе futurе оf уоur оld аgе, juѕt bесаuѕе уоu hаvе mаdе thе ѕuіtаblе аnd nесеѕѕаrу рlаnѕ Ahеаd.Old ways to new wealth are though hidden, but they are readily achievable, have you ever wondered as to how some rich old men are surviving today? It is because they have discovered this old way of wealth creation, and their adherence to it is what keeps them going with a life filled with financial comfortability, and they have about which to worry.

This type of balanced lifestyle is beyond doubt also achievable to everyone who will be ready to follow the trend to making new wealth in an old way. If You can dream it, You can Have it, If you can Dream it, you can defend it, And if you can dream it, you can do it. Get up, and do something to provide yourself new wealth in the old ways.

Consulting – Everyone does sales

Sales

Sales

Everyone who earns a living does sales

To make a living, we must sell our service, whether selling:

  • Our services and expertise to a company in an interview to be an employee
  • Or selling our skill, creativity,  and productivity to keep our jobs, or get that promotion,
  • Or whether we sell our services as consultants to advise corporations or businesses,
  • Or we work independently and are offering our services to compete for contracts or sell products

in the end, it’s all marketing and sales.

Related References