вторник, 18 июня 2019 г.

Your First 100 Days of CEO

The first 3 months in a new job position are the most crucial as they define your ability to adapt well. To start your job on the right track, you need to be well aware of the various things you should focus on in the first 100 days. Therefore, planning yourself well beforehand ensures that you hit the ground running while boosting your productivity as a CEO. Here are some tips on how to get prepared for your first 100 days as a CEO.
Focusing on the Introductions
As you walk into the top-most job in the organization, your first assignment is to get yourself settled well. Founding interpersonal relationships with the existing workers is the most important thing that you should start with. Getting to know every member of the organization who is working under you ensures that you have an easy time from a social and productive standpoint. To be effective on this, you may opt to organize an internal social event such as team building.
Understand the Business’s Drivers
The second thing to do is to focus on the nitty-gritty of the business in terms of how the business functions and what or who the key drivers in the business are. You should, therefore, focus on knowing the key elements that affect a business’s performance from a technical and human point of view. It is highly recommended that you take a few weeks of your time to observe how the business operates on a day-to-day basis. This thorough understanding ensures that you know the particular strengths and weaknesses experienced in the business.
Rebuild and Reorganize where Necessary
After the first 60 days of operation, you will get to know and understand some areas that the business is not doing well in. These should be the first areas where you should focus on making an impact on. When it comes to reorganizing the business, you should go as deep as you need to get things on track. This may need you to reorganize the top management team or even set a new bunch of rules that will help boost your productivity. You may also find it suitable to create a new organizational strategy that will be keen on fulfilling the business’s goals while also meeting its market expectations.

понедельник, 17 июня 2019 г.

Investing For New College Graduates

Recent college grads are known for the massive amounts of debt they’ve taken on. They go to school for four or more years, and they hopefully have a degree to go with their nice monthly bill. Investing is usually one of the last things on the minds of recent college grads. Yet, because of the ability of money to grow into massive amounts the longer it’s invested, immediately after college is the best time to start investing. Here are a couple of great ways new college graduates can get started investing.


It may seem like a smartphone app would be a strange place to start investing, but nothing could be further from the truth. Recent apps like Stash and Acorns allow investors to automatically save small amounts of money without much in the way of forethought. Stash allows for regular or periodic investments taken from a bank account. Both Stash and Acorns allow would-be investors to round up purchases and save the spare change in an investment account. Stash has a broader array of investments available while Acorns focuses on just a few funds that are intended to meet certain goals based upon a new grad’s risk profile.


Another great option that is open to many new grads who have jobs is a workplace retirement plan. These are great options because they offer tax-deferred savings. This means that new grads will pay less in taxes, which also means they will keep more of their money to pay off student loan debt while saving. Another great benefit of saving in a work-based retirement plan like a 401(k) is the matching funds that employers will frequently offer. Through workplace 401(k) matching funds, it’s possible to supercharge returns with no additional effort. Many employers will offer a dollar-for-dollar match up to a certain percentage of an employee’s pay. A common percentage is 6 percent. With a dollar-for-dollar match, an employee would effectively be savings 12 percent of his or her salary each year while only cutting their pay by 6 percent.
Even with student loan debt, it is not impossible to save for retirement. Through apps like Stash or Acorns and workplace retirement plans that allow for automatic savings, new grads can begin building their nest eggs. The perfect time to get started is the present.

четверг, 30 ноября 2017 г.

Employee Satisfaction: Why Your Startup Should Invest In Your Team

Originally published on Tom Leydiker's website.
Your startup will never reach its maximum potential if you don’t cultivate a positive and inspired community within your office. Your team is as important to the future of your business as cash flow and clients are. If you do not invest in your employees, how else can you foster a team that challenges themselves to exceed even beyond their own expectations of themselves?
The more involved an employee is within the company, the more dedicated they will be in helping propel your business forward because they are equally as invested. Implement these practices into your workplace and start prioritizing the growth of your employees:

Professional development and continuous training.

Before a potential employee comes in for an interview, there is a list of things they are looking for in a company that will often determine whether or not they accept the position. For some, on that list is reoccurring training and development. This education gives employees the opportunity to learn new skills and hone in on their strengths, allowing them to further expand on their talents, which could help them better shape their professional career path.

Curating a welcoming environment.

As your team continues to grow, you want to make sure that the environment your employees are walking into every day is welcoming. Your team spends the majority of their day working alongside one another; creating a welcoming environment is good practice in inspiring collaboration and prosperity.

Encouraging a balance between work and personal life.

If your company is still fairly new, both you and your team will be constantly preoccupied with ensuring that everything is getting accomplished in a timely manner. It’s important that you set boundaries with your employees at the onset that there needs to be a balance between work and personal life. Even if they are adamant about extending their work hours, it’s important that you reset their expectations. There is no quicker culprit for employee burnout than an imbalance of work and personal life.
Make your employees a top priority. When you showcase their importance to the company by investing in them, in turn, they will become invested in the success of the startup, wanting to bring about growth as much as you do.

вторник, 28 ноября 2017 г.

Sustaining Startup Culture: The Biggest Challenges To Overcome

Originally published on Tom Leydiker's website.
This is an exciting period of time to be an entrepreneur. There has been an increase in the number of entrepreneurs who have successfully turned their passions into a fully-functioning, thriving business – some even managing to do it in short periods of time. Funding for startups is also more substantial than ever before, with more alternative options that are replacing the traditional small business loans of the past.
It has been said that we are in the “golden age” of entrepreneurship. What this means is that there are more opportunities available for entrepreneurs to build startups that actually have a significant chance of being successful. This is not, however, to imply that entrepreneurship is easy. It is still a very challenging pursuit, filled with hard work, dedication, sacrifice, and unpredictability. Many small businesses still don’t make it past their first year.
There are so many positive things about startup culture to embrace, but it’s important to recognize the challenges that we still have yet to overcome. If not acted upon, these 3 issues could ruin the progress we have seen so far:

1. A lack of diversity.

There has been some progress in entrepreneurial diversity over the years. For example, since 1997, the number of African American women starting their own businesses increased by over 322 percent, officially recognizing them as the fastest growing group of entrepreneurs in the U.S. While this growth showcases that more minorities are creating a place for themselves within the entrepreneurial world, the numbers are still very disproportionate when compared to the number of white male entrepreneurs.
This is dangerous because it limits the perspectives that are available to the community, which also limits growth.

2. A focus on repeating ideas rather than creating new ones.

After reading the success stories of certain companies, there has been an onslaught of people who, instead of using that inspiration towards their own business ideas, have chosen to piggyback off of the prosperity of others by repeating their success stories. This hinders their growth because they are now competing to grow in a territory that is already full of similar companies. This void in new, innovative ideas being brought to the forefront is dangerous because we are not creating additional products or services that are serving to help sustain our culture and benefit us as a country.

3. The negative connotations around the word “failure.”

Failure is a nasty word and we use it with such negativity. People fear failing because they believe that it defines their worth. Some entrepreneurs are hesitant to even attempt to build their own companies, while fear causes others to take very few risks. This is because the meaning of failure is associated as being permanent. Failure should be celebrated because it provides us with lessons that allow us to propel ourselves forward. Learning from these mistakes is how we can continue to grow and prosper.
As entrepreneurs, we need to come together to combat these challenges that our startup culture currently faces.

пятница, 24 ноября 2017 г.

Financial Security: Preparing For The Unexpected

Originally published on Tom Leydiker's website.
As you plan for your financial future, you are anticipating all of the monumental milestones that will occur as you continue along the trajectory of your life. These milestones are intimidating because they often require you to make very serious decisions that are financially demanding. Some of these milestones include choosing the college you want to attend, committing to signing a mortgage for a new home, starting your own family, diversifying your investment portfolio, saving up for retirement, etc.
But the one area that not many think to plan for, mainly because it is not a very pleasant topic to dwell on, is what to do in the event that a spouse passes away unexpectedly. There are resources available to help plan for this (e.g. life insurance), but it’s also good practice to be prepared for an emergency by having a plan-of-action set in place to ensure everything is organized and accounted for so that you aren’t scouring through a disarray of documents.
Here are a few of the most imperative areas that you should prepare for in case of an emergency:

Estate Plan And End-Of-Life Care

One important conversation that need to happen is what will happen to that person’s physical and monetary elements after they pass away. These documents should be readily available for review once this happens so that everything can be carried out appropriately. Some other information that falls into this category are documents such as: your will, your end-of-life care, your power of attorney, etc. You will also want to make sure that your estate plan is as up-to-date as possible.

Securing Essential Documents

These are documents that have compiled up throughout your life, starting with your birth certificate and including any important paperwork you’ve received since. You will also want to organize all of your most important financial documents, from bank account information to any pertinent investment material.

Obtaining All Passwords

Now that there has been a push for more paperless transactions, there are going to be quite a few accounts that can only be accessed online. Nothing would be more time-consuming and aggravating than trying to relocate passwords or having to go through the process of updating them once you can’t find the original passwords. Put them all in one, easily accessible document.

Seeking Aid For Future Financial Planning

If you were not the one in charge of handling your finances, it may be beneficial to look into hiring a financial advisor to help you bear this new responsibility you are now being forced to take on.
Life is unpredictable. And while no one wants to dote on the possibility of an expected death, it is worth developing a plan-of-action in case a dire situation would occur. If you are prepared for the unexpected, you won’t be left trying to grieve while also trying to get your finances in order.

среда, 22 ноября 2017 г.

4 Steps Towards A Debt-Free Life

Originally published on Tom Leydiker's website.
For some, being in debt is something that resulted from careless spending. Frivolously making purchases for unnecessary commodities with credit cards with the mindset that you will pay it off later by making the minimum monthly payments is the quickest way that Americans get themselves into debt.
For others, debt comes more unexpectedly, perhaps through an unpredicted emergency you were not financially prepared for. Maybe your car broke down and you either had to pay an expensive garage bill or the garage deemed your car unfixable so you are now forced to purchase a new vehicle.
Whatever the cause of your debt is, it’s important that you start developing better money habits as soon possible to get out of debt andprevent additional debt – a very easy cycle to fall into and a difficult one to get out of. It is being estimated that, on average, 50 percent of households currently have debt ranging around $14,000.
Here are some ways you can prevent future debt while also implementing strategies that will help you to work towards managing your current debt:

Step #1: Create a list of all of your debts, including their interest rates.

Don’t skip over this step! Before you can start tackling your debt, it’s important to be aware of exactly how much you have. Write it down in a notebook or start making a list in a spreadsheet so that you have everything contained in one area for future reference. The three most important things you will want to take down: the total amounts you owe, the annual percentage rates (or interest rates), and the monthly minimum payments.

Step #2: Set goals as you work towards paying off your debt.

It will be beneficial for both your stress and your action plan if you can break apart your debt into more manageable portions. Find out how much money you can dedicate to paying off your debt every month and, then, you can do a rough estimate of how many months or years it will take you to pay off the total amount. Set milestones for yourself as you start contributing more money to your debt, whether it be every $1,000 you pay off or every $5,000 you pay off.

Step #3: Focus on the payments with the highest annual percentage rates first.

This is where that list you created at the beginning of the process will come in handy. As you begin paying off your debt, focus on the balances that have the highest interest rates first. Work to eliminate those first by dedicating as much money to them as you can while still being able to pay the monthly minimum payments on your other balances.

Step #4: Find additional ways to bring in income.

If you bring in additional income, that is money that you can be dedicating right to your debt. The thought of working a second job may not seem appealing, but it will only be temporary until you are debt-free again, and this will make paying off your debt go by more quickly.

понедельник, 20 ноября 2017 г.

Life After Tikva: The Future Of Israel

Originally published on Tom Leydiker's website.
Tikva’s Children’s Home welcomes children of all ages, from infants to younger teens. From the moment they enter the home, they are taken care of, given an opportunity of life that would have been unattainable in their previous situation. For years, they are provided with food, shelter, education, and, most importantly, mentors whose mission it is to truly assist them in transitioning into being functional, thriving adults.
After living at Tikva for a portion of their lives, people often wonder what the transitional period from a children’s home to the real world looks like since it must be a bit of a shock for young adults who are so used to another way of life. Here is a look into life after Tikva.

Life After Graduation

Once these children turn 16 years old – and are deemed both mentally and academically mature enough to continue on to the next stages of life – they officially graduate from Tikva. After graduation, they meet with Tikva’s qualified team of professionals, where they are taught strategies and skills that will help them seamlessly transition from life inside the home to life in mainstream Israel. From here, they attend high school, enroll in university, or go into vocational training, pursuing their dream profession.

Tikva’s Programs

There are two different programs that currently help to serve Tikva’s immigrants as they begin building their lives in Israel:
Tikva’s Vocational Development And Employment Placement Program. It can be very difficult to try to build a life in an environment where you feel like such a stranger, let alone attempt to find a job in a foreign area. This program was founded with the intention of aiding these immigrants in narrowing in on their talents and skills so that they can pursue a professional career path in line with their strengths.
Jewish Holiday Program And Shabbat Retreats. It’s hard to not feel lonely when you are in a place so far away from your family, especially during the holidays. Tikva staff makes it their priority to bring people together during the holidays, so, every year, they transport 150 alumni to be in community with one another at hostels throughout the country.
Currently, over 400 children that have graduated from Tikva have gone on to Israel in order to make a better life for themselves – and that number will only continue to rise. I am so grateful that I can help financially support Tikva in changing the lives of so many people!