Tyler Sheff | Entrepreneurship

Tyler Sheff and the Cash Flow Guys talk real estate, investments, and entrepreneurship.

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How Important Are Team Meetings and Events?

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On August 4, 2016

In Entrepreneurship

A fundamental part of creating a positive and engaging work environment is to foster a sense of inclusion amongst your employees. Entrepreneurs and corporate leaders have long been aware of the importance behind inclusion. Other than simply making employees happy, promoting an inclusive environment can have a substantial impact on the company’s revenue. Team meetings or outings are valuable occasions that are the perfect opportunity to boost morale, so long as they’re effective.

More often than not sales meetings can be perceived as a waste of time to employees. If the story you’re telling isn’t inspiring, you’ll lose engagement. Sales meetings and team outings are a great way to convey the strategic direction of the company. By sharing such information with your employees, they’ll feel as though they’re apart of ‘the big picture’. These meetings are also the optimal time to obtain feedback. Take some time to give employees the floor, and encourage them to share their experience within the company and working with customers. Ensure that each sector and every department is present during these meetings. In facilitating a company wide meeting or event, it will help improve cross-functional team work. Having different departments included will give employees insights on company initiative that they may not have been aware of.

When facilitating these types of events, it’s imperative that the CEO, along with senior management, is present. A lack of inclusiveness or engagement can often times stem from a company’s hierarchy. If employees feel as though their superiors are unapproachable, they’ll be less likely to feel connected to the company and consequently less engaged. A best practice would be for senior management to take part in the event and lead certain sections of the meeting.

Team building exercises or meetings can be highly effective, if done correctly. Facilitating team events can help generate lasting cohesion amongst the company and in turn, lasting results. As a business owner, or even as a manager, it’s important to acknowledge the value in these events. Team building is a fundamental component of your success, invest in inclusion!

A Global Workforce Shift

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On March 29, 2016

In Entrepreneurship

As technology progresses, it seems as though every other sector of society shifts. With technology constantly developing, the way we operate and live is affected both subtly and drastically. Take autonomous vehicles. The introduction of autonomous vehicles into mainstream society will have a drastic impact on the way we operate as a society. No longer will we be parking our cars and the need for personal vehicle will only dissipate. As with everything, technology has shaped the way we work globally. Gone are the days where you need to work for someone else, let alone a large corporation. Technology has given way to those interested in working for themselves, freelancers.

According to independent research firm, Edelman Berland, more than 53 million Americans are doing freelance work, which accounts for 34 percent of the entire workforce. In an article for entrepreneur.com, researcher Bill Tancer suggests that, “there has been a fundamental shift in the U.S. job market. Incomes have stagnated and the size of the total labor pool has contracted.” Author for the article, Russ Fujioka, reiterates this shift in the workforce with research by his company Xero, “that change is still relatively new with 41 percent of respondents reporting that’ve been freelancing for a year or less,”.

I feel as though the technology that is available to the millennial age nowadays, has made it significantly easier for someone to start a business, whether that be a freelance service or startup company. From Xero’s findings, 96 percent of those surveyed, said that freelancing was a way to supplement their existing income.

There are more freelance platforms available for people today, including ride sharing services like Uber. It’s never been as easy as it is today to survive as a freelancer. Services, like Uber, allow for people to have flexibility in a job, operating as frequent as you’d like. Websites like freelancer.com has made it possible for virtually anyone to drive an income with freelance work.

Although freelance work doesn’t guarantee an income, at the end of the day it guarantees a sense of freedom for people. Technology has made the dream of being your own boss, a possibility for anyone. Whether it be to supplement the income of a spouse, or to simply generate extra income for the household, the number of freelancers will likely increase for years to come.

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