Career and wealth advancement 20130911 f (1)
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Transcript of Career and wealth advancement 20130911 f (1)
IN PARTNERSHIP WITH ADEL &R4KFOR GREAT IMPACT
A Synergy that Scale Career and Wealth Advancement
Agency for Development and Enterprise Ltd. (ADEL)
YOUTH CAREER & WEALTH ADVANCEMENT TRAINING
recruitment 4 kenya
Define your goals
Define the requirements of your goal Create your career development plan
Review regularly & follow through
A Synergy that Scale Career and Wealth Advancement
TENENTS TO CAREER DEVELOPMENT
You can’t reach goals if you don’t have them. Think about your biggest dream, your 5-year plan or your
10-year goal – whatever seems realistically achievable and measurable to you.
Defining your goal can indeed be difficult, but it’s a critical step.
This is often the hardest part of the career planning process.
There is a lot of self-assessment and job market research to be done to properly develop your goals.
When defining your goals, keep in mind that they may change over time – and that’s OK. The most important aspect is to have them written down.
A Synergy that Scale Career and Wealth Advancement
Defining your goals
Next, define the steps you will need to take in order to achieve the requirements to be qualified for your goal.
Record the skills, knowledge, experience, education and network that you will need to develop to become the ideal candidate.
Not sure where to start? Review existing job postings to see the preferred
qualifications of employers for that role, and write down where you do not yet meet the qualifications.
Many of our clients also look at self-employment as an option, which this can apply to as well, but the measurements may be slightly different.
A Synergy that Scale Career and Wealth Advancement
Define the requirements of your goal
This is where your career planning process becomes more visible and solidified
Stay objective and analyze the steps you will need to take in order to go from Step 1 (where you are now) to Step 2 (the requirements of your goal)
Create mini milestones that you can achieve within specific time periods that are appropriate for your goal and needs (ex. 3 months, 6 months, 1 year, 2 years)
Make sure to schedule supporting activities into your calendar and force yourself to make time for them
A Synergy that Scale Career and Wealth Advancement
Create Your Career Development Plan
Affordability with Style
Set aside a regular time to actively participate in the career planning process, and schedule it on your calendar to ensure you do not forget
Review your plan quarterly (at least) Don’t let changes in your path or goals set you back As long as you’re regularly making progress and reviewing
your career development plan, you can make quick changes that reflect changes in the job market, technology or your interests
If you properly engage in the career planning process by creating a formal career development plan, you’ll be ahead of the game and prepared to reach your goals. If you need help with your career planning and want to speak with an expert, feel free to reach R4K / ADEL for a deeper insight.
A Synergy that Scale Career and Wealth Advancement
Review Regularly & Follow Through
In today’s job market, employers are looking for applicants who stand out, have a unique skill set and are social media savvy
So, just how can you be all this and more and in today’s competitive job market?
First, figure out what you want to do and how you want to be perceived
Next, figure out the specific skills and attributes that you have to offer employers
And finally, show employers your value by building a strong personal brand, continuing your education and by sharing your valuable perspective.
A Synergy that Scale Career and Wealth Advancement
PERSONAL BRANDING FOR JOB SEEKERS
One of the key factors of building your personal brand is creating one that employers and recruiters will love, which will give you an edge on your competition
To stay competitive in your job search, your personal brand must tell a story about your unique you
You need to feel confident marketing yourself as a job seeker throughout your personal brand
A Synergy that Scale Career and Wealth Advancement
How to Get Employers to Love Your Brand
Your reputation personally and professionally is tied to your personal brand which is how you conduct yourself around others and the sum of your personal experiences and education that define your character
Whether it is a potential employer or a prospective new client, people are going to Google your name to see what comes up about you
Why not give a presentation? By having a portfolio of your work online and a personal site, prospective clients or employers can assess your skills. Testimonials, Recommendations or accomplishments all help you
A Synergy that Scale Career and Wealth Advancement
How to Harness the Power of Your Personal Brand
It seems the dismal job market has created some real cynicism especially among recent graduates
What are companies looking for? How can prospective hires get a competitive advantage in
an overcrowded marketplace? As a Recruitment consultancy, we look for people who are
curious, open, and collaborative More than ever before, we want people who have eclectic,
varied backgrounds People who are genuinely interested in the world around
them, who have a strong point of view and who can bring a fresh perspective to their work.
A Synergy that Scale Career and Wealth Advancement
How to Get Hired: Show Perspective, Not Pedigree
In today’s market, more employees are boosting their education and training and implementing other career-enhancing strategies to stay relevant and to get ahead
Unlike the 1990′s when companies lavished employees with endless training perks, today’s students are self-funded and driven by the realization that increased competence equals continued employment
Personal branding has is a job-hunting prerequisite
A Synergy that Scale Career and Wealth Advancement
How to Stay on top in the Career Game
A development goal is a statement of a desired outcome or accomplishment that is specific, observable and realistic
For you to progress in your career, you must set goals
Here are a few questions to help develop your goals hence progressing the vision of your career..
A Synergy that Scale Career and Wealth Advancement
GOAL DEVELOPMENT WORKSHEET
1. What I want to accomplish and the competencies (knowledge/skills) I want to acquire or improve by this time next year are…
2. What I want to accomplish and the competencies (knowledge/skills) I want to acquire or improve by the end of the second year are...
3. What I want to accomplish and the competencies (knowledge/skills) I want to acquire or accomplish by the end of the third year are...
4. What barriers or obstacles might prevent me from accomplishing my goals on time (e.g., time, money, and other commitments)
5. What can I do to overcome these barriers or obstacles? What resources are available to help me?
A Synergy that Scale Career and Wealth Advancement
GOAL DEVELOPMENT WORKSHEET
Define your goals
Define the requirements of your goal Create your career development plan
Review regularly & follow through
A Synergy that Scale Career and Wealth Advancement
TENENTS TO CAREER DEVELOPMENT
Investment & Entrepreneurship
Generate your Wealth when still young
By ADEL
Ask yourself
• I have worked for your money ……
• Does it work for me?
• I handle money yes …………………
• Do I manages it or it manages me?
• I need to be wealthy …………..
• I’m I working hard or SMART?
• Do I want to be an entrepreneur or an investor or both?
Ask yourself
• I have worked for your money ……
• Does it work for me?
• I handle money …………………
• Who manages the other?
• I need to be wealthy …………..
• I’m I working hard or SMART?
• Do I want to be an entrepreneur or an investor or both?
Experientials !!!!
Tell your story?
An Entrepreneur or an Investor? An Entrepreneur
• An entrepreneur is a businessperson who not only conceives and organizes ventures but also frequently takes risks in doing so.
• An entrepreneur willingly bear the risk of a new venture if there is a significant chance for profit.
• An innovator who markets his innovation. He/She develops new goods or processes that the market demands and are not currently being supplied.
An Investor
• The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
• Investing means putting your money to work for you. Essentially, it's a different way to think about how to make money.
Levels of Entrepreneurial Development
Level One: The Self-Employed Mindset: The emotional driving force behind the self-employed
person is not security but a desire for greater control over his or her life, career, and destiny.
They want more autonomy. They want to do things their own way. And they usually begin by creating a situation where they do the same type of work they did while an employee, but they figure out how to do it by themselves and for themselves.
Level Two: The Managerial Perspective: Those with a managerial outlook are often in a great position
to succeed as entrepreneurs, expect for two big misconceptions that lead to massive problems.
Levels of Entrepreneurial Development
Level Three: The Attitude of Owner/Leader Knowing how to step aside and let the business – and those
employees working in it – operate as a profit center not reliant upon the owner’s constant hands-on participation
This kind of entrepreneur has created an organization that is more self-sufficient and self-sustaining, and by doing so has created more wealth, personal freedom, and free time.
Level Four: The Entrepreneurial Investor With a business that generates profits, the entrepreneur
who has succeeded this far can begin to accept another exciting challenge, that of managing money so that it works to produce more money
Create a franchise
Levels of Entrepreneurial Development
Level Three: The Attitude of Owner/Leader Knowing how to step aside and let the business – and those
employees working in it – operate as a profit center not reliant upon the owner’s constant hands-on participation
This kind of entrepreneur has created an organization that is more self-sufficient and self-sustaining, and by doing so has created more wealth, personal freedom, and free time.
Level Four: The Entrepreneurial Investor With a business that generates profits, the entrepreneur
who has succeeded this far can begin to accept another exciting challenge, that of managing money so that it works to produce more money
Create a franchise
Levels of Entrepreneurial Development
Level Five: The True Entrepreneur Having learned new things and evolved through various stages of
entrepreneurial accomplishment and insight reaching the ultimate goal. The true entrepreneur experiences a paradigm shift that involves a 4-
step process of changed thinking:
# 1: Idealization – Imagine gigantic, all-encompassing dreams for creating the ideal world.
• #2: Visualization – Picture the ideal world as a reality and begin to clarify this vision on a daily basis, filling in more details each day.
• #3: Verbalization – Begin to put words to the dream and talk of it as if it was already happening.
• #4: Materialization – Because the effort and intention of designing and believing in the ideal and the dream, things begin to fall into place and happen in a natural and automatic way.
Characteristics Essential for Entrepreneurs
#1) Confident: Confidence is a hallmark of the entrepreneur. Many confident women and men gain their sense of self esteem and faith in their ability to greet challenges by acting – even when they lack the confidence – and then gaining strength and belief in themselves by seeing the results and gaining the praise and respect of others.
#2) Feels a Sense of Ownership: Taking responsibility for getting things done – and doing them with care and attention – means to act like an owner: Solution based
#3) Able to Communicate: Entrepreneurs recognize that the most important part of any business is the human element. HR–whether in the form of clients, employees, or strategic partners – are what makes or breaks a business, and communication is the key to successful relationships with people.
Characteristics Essential for Entrepreneurs
#4) Passionate about Learning: Entrepreneurs are often “autodidactic” learners, which means that much of what they know they learned not in a formal classroom setting but instead on their own by seeking out information, asking questions, and doing personal reading and research
#5) Team Player: Those who go into business for themselves but do not utilize teamwork wind up without the team but still have all the work to get done
#6) System-Oriented: Like mathematical formulas, good systems allow us to reproduce great results every time – with less and less exertion of energy or resources.
#7) Dedicated: Entrepreneurs dedicate themselves to the fulfillment of their plans, visions, & dreams, and that tenacity of purpose generates electricity throughout the whole organization
Characteristics Essential for Entrepreneurs
#8) Grateful: Being grateful for what we have open us up to receive more, and one reason that is true is because those who are grateful appreciate what they are given.
#9) Optimistic: A positive outlook is essential for the entrepreneur. Past shortcomings, failures, or disappointments are relegated to the past so that they cannot continue to haunt the present or obstruct the future.
#10) Gregarious: Because business is all about people, entrepreneurs tend to be socially outgoing. They get excited about sharing ideas, products, and services, and that excitement is contagious to their employees, clients, friends, and other contacts both within and beyond the business sphere.
Characteristics Essential for Entrepreneurs
#11) A Leader by Example: Entrepreneurs not only lead themselves through self-motivation as self-starters who jump into tasks with enthusiasm, but they are also skilled at leading others. They know the importance of teamwork, and they understand the need to appreciate others, support them, and reward them accordingly.
#12) Not Afraid of Risk or Success: Many people could be successful if they only took chances. And many people who do take chances and become somewhat successful find the realization of their dreams an overwhelming possibility, so they sabotage their continued success by retreating back into a comfort zone of smallness.
IMPORTANCE OF SAVINGS & INVESTMENT
BUILD TODAY THE WORLD OF
TOMORROW
SAVINGS & INVESTMENT
Savings refers to that part of income which isn't consumed Investment means an addition to the stock of physical
capital Savings and investment are two crucial economic variables
by which we can measure a person’s physical quality of life and standard of living
Saving money as early as possible will help one and his family to achieve more stable life than someone who has no savings
Warren Buffet: If a person has to become a millionaire at 65, then he has to save $10 per day if he is at the age of 25. Saved amount of money generate 8% returns per year. This example shows the importance of savings in one’s life.
IMPORTANCE OF SAVINGS
1. To meet unexpected expenditure in life
2. Savings act as an inducement for investment
3. Makes a feeling of rationality: Every normal human beings are rational in behavior.
4. Children’s education: One of the most important things a person can do is to educate his children.
5. Achieve a feeling of self reliance: A habit of savings give people the ability to enjoy independence and power to do things.
6. 6. Security of the family: Everyone fears death. So they are always aware of the stability and security of their family. It forces them to save a portion of their income.
.
INVESTMENT
The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.
1.Putting your money to work for you. Essentially, it's a different way to think about how to make money.
2.Growing up, most of us were taught that you can earn an income only by getting a job and working. And that's exactly what most of us do. There's one big problem with this: if you want more money, you have to work more hours
3.However, there is a limit to how many hrs a day we can work, not to mention that having a bunch of money is no fun if we don't have the leisure time to enjoy it
TYPES OF INVESTMENTS Type Features Pros Cons
Bonds Grouped under the general category called fixed-income securitiesThe term bond is commonly used to refer to any securities that are founded on debtWhen you purchase a bond, you are lending out your money to a company or governmentIn return, they agree to give you interest on your money and eventually pay you back the amount you lent out.
The main attraction of bonds is their relative safety. If you are buying bonds from a stable government, your investment is virtually guaranteed, or risk-free.
Because there is little risk, there is little potential return. As a result, the rate of return on bonds is generally lower than other securities.
TYPES OF INVESTMENTS Type Features Pros Cons
Stocks
When you purchase stocks, or equities, you become a part owner of the businessThis entitles you to vote at the shareholders' meeting and allows you to receive any profits that the company allocates to its ownersThese profits are referred to as dividends.
Compared to bonds, stocks provide relatively high potential returnsThe only way that you can make money is if the stock increases in value - which might not happen.
While bonds provide a steady stream of income, stocks are volatile.No guaranteeSome Stocks don't pay dividends
Mutual Funds
A mutual fund is a collection of stocks &bonds. Its pooling money with other investors, enables u (as part of a group) to pay a professional manager to select specific securities for you.
You can invest your money without the time or the experience that are often needed to choose a sound investment.
You give your money to a professional to choose and investments on your behalf (No control)
TYPES OF INVESTMENTS Type Features Pros Cons
Alternative Investments
Options, Futures, FOREX, Gold, etcThese are numerous alternative vehicles, which represent the most complicated types of securities and investing strategies.
They are generally high-risk/high-reward securities that are much more speculative than plain old stock and bonds
Yes, there is the opportunity for big profits, but they require some specialized knowledge..)
Real Estate Investment in land and housing with anticipation of capital growth and return on assetOffering a wide range of options with differing capital requirements that determines affordability
You can invest in stage and over a negotiated long period of timeThey are in most case assured collateral for loansGive & assured capital growth a times through speculation
The capital outlay maybe demanding, though pulling resources through groups, has made it more affordable
Now that you know!
• Make prudent investment choices!
• Invest now• Buy you piece and secure
your generations