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How to avoid These 16 Cognitive Bias Traps

How to avoid These 16 Cognitive Bias Traps
“If there’s something you really want to believe, that’s what you should question the most.”  ― Penn Jillette To efficiently run a business, it’s necessary to think on your feet. You are required to make thousands of decisions and judgment calls daily. And while there is a wealth of information at our fingertips and communicating with colleagues or employees across the country takes only seconds, all this can lead to an information overload. In order to manage a business productively, we rely on mental shortcuts that allow us to get around this overflow of information. These mental tricks can also help us get around limits in memory, time, or a lack of information. These cognitive biases are necessary to help us make the sheer number of decisions necessary every day. However, cognitive biases can also lead you to make poor decisions and judgments regarding your business. Because they allow you to make decisions that don’t rely on logic, they can hold you back from doing your best work as a leader. That’s why it’s important to be aware of the common mental traps that you fall into as a manager of a small business. As your decisions can have a major impact on your bottom line, being more aware of your unconscious biases can help you find more success as a manager. For example, many people struggle with planning and scheduling projects. It is common for tasks to go out of scope or miss their deadlines. This is in part due to a cognitive bias called the “Planning Fallacy.” This bias causes you to underestimate the amount of time it will take to complete a task. However, once you are aware of this tendency, you can plan more time for your assignments than you think you will need and meet your deadlines. To help you in all your small business decisions, check out this infographic Fundera created on some of the more common biases and how to avoid...
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26 Inspirational Quotes to Motivate Your Employees

26 Inspirational Quotes to Motivate Your Employees
Appreciating and rewarding staff’s hard work is the the easiest way to reduce staff turnover and increase morale. Motivate them through these inspirational quotes that are sure to bring a positive change in their mind set.   Whether you think you can, or you think you can’t – you’re right. —Henry Ford My Life and Work: An Autobiography of Henry Ford The sun himself is weak when he first rises, and gathers strength and courage as the day gets on. —Charles Dickens, The Old Curiosity Shop Oliver Twist   If I had nine hours to chop down a tree, I’d spend the first six sharpening my axe. —Abraham Lincoln Team of Rivals   The question isn’t who’s going to let me; it’s who is going to stop me? —Ayn Rand The Fountain Head   When people are financially invested, they want a return. When people are emotionally invested, they want to contribute. – Simon Sinek Find Your Why   Research indicates that workers have three prime needs: Interesting work, recognition for doing a good job, and being let in on things that are going on in the company. – Zig Ziglar Secret of Closing The Sale   You can have all the potential in world, but unless you have confidence, you have nothing. – Tyra Banks Perfect is Boring   Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They’re absolutely free and worth a fortune. – Sam Walton Made in America   There are only three measurements that tell you nearly everything you need to know about your organization’s overall performance: employee engagement, customer satisfaction, and cash flow. – Jack Welch How to Win in Business and in Life   If you don’t give people a chance to fail, you won’t innovate. If you want to be an innovative company, allow people to make mistakes. – Indra Nooyi Indra Nooyi – A Biography   Talent wins games, but teamwork and intelligence win championships. – Michael Jordan Motivational Posters   If you think your boss is stupid, remember: you wouldn’t have a job if he was any smarter. – John Gotti Employee Motivation   The best part of going to work is coming back home at the end of the day. Quality is job one. —Henry Ford Ford’s Motivational Quote   If you hire people just because they can do a job, they’ll work for your money. But if you hire people who believe what you believe, they’ll work for you with blood and sweat and tears. — Simon Sinek The HR Quote Book    Motivation is the art of getting people to do what you want them to do because they want to do it. —Dwight D. Eisenhower 55 Inspiring Quotes   “I’m bored” is a useless thing to say. I mean, you live in a great, big, vast world that you’ve seen none percent of. Even the inside of your own mind is endless; it goes on forever, inwardly, do you understand? The fact that you’re alive is amazing, so you don’t get to say “I’m bored.” —Louis C.K Awesome Quotes for Instagram   “Give a man a fish, and you’ll feed him for a day. Teach a man to fish, and he’ll buy a funny hat. Talk to a hungry man about fish, and you’re a consultant.” – Scott Adams Talented Employees Stay Because…   “The best way to appreciate your job is to imagine yourself without one.” – Oscar Wilde 10 Things That will Get You Respect   Minds are like parachutes – they only function when open. – Thomas Dewar Growth Mindset   If you don’t like something, change it. If you can’t change it, change your attitude. – Maya Angelou Promote Yourself in Job Interviews   Why are you keeping...
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Free Goal Setting Printables with Motivating Quotes

Free Goal Setting Printables with Motivating Quotes
Free Goal Setting Printables with Motivating Quotes Words play a large role in our success. What you say on a regular basis out loud gets saturated within your subconscious mind and turns into belief. This is why positive affirmations work. Through repetition, we engrave and carve our words over and over again until it leaves its mark within the unconscious as the truth of which we accept. . But here's the thing – the opposite is also true! Tell yourself you're better, smarter, faster, wiser and through the repetitions, you will create the same impact on your subconscious mind directly from the conscious mind. . Try it for yourself. A photo posted by John Ferrara (@successmessenger) on Nov 26, 2016 at 8:31pm PST   “A goal should scare you a little and excite you a lot.”   “A dream written down with a date becomes a goal. A goal broken down into steps becomes a plan. A plan backed by action makes your dreams come true.”   “If a goal is worth having, it’s worth blocking out the time in your day-to-day life necessary to achieve it.”   “Set a goal that makes you want to jump out of bed every morning.”   “A goal without a plan is just a wish.”   “Goals are like an address we punch into our navigation system that tells us which direction to go.”   “Seeing your goal written in ink, on paper will have a powerful effect on your mind.”   “Decide what you want. Decide what you are willing to exchange for it. Establish your goals and go to work.”  Share one GREAT goal you’re looking to achieve this year with the rest of the community in the comment section below! Take print-outs using the print friendly icon in the share buttons. The Five Golden Rules Set Goals that Motivate You Set SMART Goals Set Goals in Writing Make an Action Plan Stick With It! 25 AWESOME INSPIRATIONAL QUOTES FOR SOCIAL...
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How to Influence People and Get what you Want

How to Influence People and Get what you Want

This is all about the art of changing hearts, minds and actions of people whom you move with, interact with every day and possibly want them to like you to get things done. What influences people to say yes? These are scientifically validated principles of persuasion that provide for small, practical and often costless changes that can lead to big differences in your ability to influence and persuade others in an entirely ethical way. What are you waiting for?

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How to Overcome the Challenge of Resistance to Change?

How to Overcome the Challenge of Resistance to Change?
How to Overcome the Challenge of Resistance to Change? I’ve tried to supplement solutions to overcome the challenge of resistance to change in the form of quotes by lot of industry stalwarts and #management scholars. It is true that change is the only entity that never changes. “Any change, even a change for the better, is always accompanied by drawbacks and discomforts.” ~Arnold Bennett Change is resisted because it can hurt. When new technologies displace old ones, jobs can be lost; prices can be cut; investments can be wiped out. The best thing leaders can do when the changes they seek pose significant threat is to be honest, transparent, fast, and fair. “He who rejects change is the architect of decay.” ~Harold Wilson Although leaders can’t always make people feel comfortable with change, they can minimize discomfort. Identifying the sources of resistance is the first step toward good solutions. And feedback from resistors can even be helpful in improving the process of gaining #acceptance for change. The natural and normal reaction to change is resistance. “Adding Twitter Cards Can Greatly Help Your Business Promotions“ Top Reasons why Employees Resist Change? 1. Misunderstanding about the need for change/when the reason for the change is unclear — If staff do not understand the need for change you can expect resistance. Especially from those who strongly believe the current way of doing things works well…and has done for twenty years! In times of rapid change, experience could be your worst enemy. ~J. Paul Getty 2. Fear of the unknown — One of the most common reasons for resistance is fear of the unknown. People will only take active steps toward the unknown if they genuinely believe – and perhaps more importantly, feel – that the risks of standing still are greater than those of moving forward in a new direction “#Future shock is the shattering stress and disorientation that we induce in individuals by subjecting them to too much change in too short a time.” ~Alvin Toffler 3. #Lack of competence — This is a fear people will seldom admit. But sometimes, change in organizations necessitates changes in skills, and some people will feel that they won’t be able to make the transition very well. “Our dilemma is that we hate change and love it at the same time; what we really want is for things to remain the same but get better.” ~Sydney J. Harris 4. Connected to the old way — If you ask people in an organization to do things in a new way, as rational as that new way may seem to you, you will be setting yourself up against all that hard wiring, all those emotional connections to those who taught your audience the old way – and that’s not trivial. “When it becomes more difficult to suffer than to change… you will change.” ~Robert Anthony 5. #Low trust — When people don’t believe that they, or the company, can competently manage the change there is likely to be resistance 6. Temporary fad — When people belief that the change initiative is a temporary fad  Share Content; Drive Traffic – Attach a Call-To-Action to Every Link You Share 7. Not being consulted — If people are allowed to be part of the change there is less resistance. People like to know what’s going on, especially if their jobs may be affected.Informed employees tend to have higher levels of job satisfaction than uninformed employees. “The world hates change, yet it is the only thing that has brought progress.” ~Charles Kettering 8. #Poor communication — It’s self evident isn’t it? When it comes to change management there’s no such thing as too...
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