How to make the transition from self-employed to employee easier

woman working on her fashion designs

So you’ve been your own boss for so long already, and now you want to become an employee again?

After enjoying the freedom of setting your own schedule and being the one calling the shots, going back to the 9-to-5 and reporting to someone else can be quite a big change.

So allow me to share some tips to help you make the switch from controlling your destiny to being part of a team again as seamlessly as possible.

Reacquaint yourself with the differences between self-employment and employment
  • Less flexibility but more stability

When you are the boss of yourself, you can set your hours and take leave (almost) anytime you want. But as an employee, you now have fixed work hours and a limited number of days off. The upside is you will have a steady income and (better) job security. No need to worry too much about when the next paycheck is coming.

  • No more “multitasking”

As self-employed, you’ve probably handled everything from sales to accounts and business development. Now you can focus on specific job roles and responsibilities. This means there’s no need to run across departments in a day until your brain is fried. Let the relevant departments handle their parts.

  • Following orders

So you used to make all the decisions? Not now anymore with bosses and company policies to follow. So it’s time to make the switch from speaking to listening and meet project deadlines set by superiors. But at least you no longer need to carry all the weight and pressure on your shoulders.

Preparing for the transition
  • Do a self-assessment

Sit down and think about what skills you’ve picked up as an entrepreneur. Things like problem-solving, time management, and handling pressure are attractive to employers. Recognize your strengths and how they can benefit your new company. This will boost your confidence in interviews and help you negotiate a good salary.

a woman having an interview

Image Credits: sng.ac.jp

  • Emphasize relevant experience

When job-hunting, focus on how your entrepreneurial experience will make you a better employee. For example, highlight how you independently built a business from scratch, innovated new products or services, won customers, managed finances, and hustled to overcome obstacles. These stories demonstrate a growth mindset, resilience, and leadership potential—qualities any boss would value.

  • Be open to change

The hardest part may be getting used to fixed work hours, less flexibility, and having a boss (again). But go in with an open mind. View your new role as an exciting opportunity to better yourself, without the stress of being solely responsible for a business.

Adjusting to the new role
  • Follow the schedule

Gone are the days when you could start work at 12 pm if you wanted. Most companies expect you to be at your desk during fixed hours, whatever the agreement is. Make sure you’re on time and take your breaks when scheduled. If you need to come in late or leave early, inform HR in advance.

  • Work with your team

Whether it’s your cubicle neighbor or a whole department, get used to collaborating. Communicate openly, share ideas, and help each other out. Having a good rapport with coworkers will make the daily grind more enjoyable.

  • Complete assignments by deadlines

As an employee, you will be given tasks, projects, or sales targets to finish by certain dates. Don’t drag it out—your colleagues and managers are depending on you. Try your best to meet all deadlines and let someone know ASAP if there are any issues.

After so long calling the shots for yourself, you now have to listen to someone else. But if you go in with the right mindset, open to learning new things and adapting to different working styles, you should be fine. Remember, be flexible, and focus on the work and not the politics. Your experience from so many years working alone will serve you well. This job may turn out to be better than you expect if you give it a proper chance. Take a deep breath and dive right in. The water will feel warm in no time.

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Is sharing your spouse-to-be’s salary with your parents a good idea?

sample paycheck

Why so kancheong?

Getting engaged is stressful enough as it is, now you want to worry about whether to tell your parents how much your future spouse earns?

Take it easy, my friend. Because sharing such private details may do more harm than good. Your parents may start judging your fiance/fiancee based on their paycheck rather than their character. 

Why invite such unnecessary drama and complications into your relationship and new chapter of life together? Keep money matters between the two of you and focus on planning your wedding and building a strong marriage foundation instead.

Downsides of sharing salary information
  • Creating unrealistic expectations

Your parents may start seeing dollar signs and build up unrealistic expectations of the kind of lifestyle you and your spouse can provide for them. This can breed resentment and conflict within the family if both of you “seem” to be able to afford it but choose not to do so.

  • Fostering dependency

Telling your parents the salary information may lead them to become financially dependent on you and your spouse over time (if both of you earn a lot). They may make poor financial decisions thinking you will bail them out, or keep coming to you whenever they need money instead of being more self-sufficient.

  • Causing tension

Sharing the details of your combined income with your parents can also create tension with other family members. Relatives may start comparing themselves and their own financial situations, or become jealous/boastful. This can damage relationships and cause rifts within the extended family.

Importance of privacy and consent
couple conversing

Image Credits: partnersunitedfinancial.com

Your spouse-to-be trusted you enough to share such personal information. If you reveal it to others without their permission, it can damage that trust and cause hurt feelings.

Even with good intentions, your parents may share that information with extended family and friends. Before you know it, people who have no business knowing those details now do.

Put yourself in your spouse-to-be’s shoes. How would you feel if they told their parents your salary without asking you first? Not so good, right?

Treat them how you would want to be treated. Ask for their consent before sharing sensitive details about their life, especially something as private as their pay. If they say no, accept their answer; their privacy is not worth risking your relationship over.

Relationships are built on trust, honesty, and communication. By respecting your spouse-to-be’s privacy and getting their ‘OK’ before sharing details with your parents, you show them they can confide in you going forward. They will appreciate your thoughtfulness, and it will help strengthen the foundation of trust in your relationship.

At the end of the day, you know your parents and situation best. If you foresee non-stop nagging about how you should spend the money or constant comparisons with your siblings’ partners, then maybe keep that detail between the two of you. The most important thing is you and your partner are on the same page. Whatever you decide, just do what feels right for your relationship.

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Does Doing Good in School Predict Our Career Success?

Singapore places significant emphasis on Science, Technology, Engineering, and Mathematics (STEM) education, with the government investing in research and development to foster innovation and technological advancements.

The educational system in Singapore follows a structured progression: six years of primary school are followed by four to six years of secondary school, and then one to three years of postsecondary education. At the beginning, the primary school curriculum is uniform for all students from years one to four. Once students reach years five and six, they have the option to take individual courses at either the foundation or standard level, with foundational courses designed to provide greater support.

When you were studying, did you feel the pressure of local education? Did your parents highlight how important and hefty education was?

Recent research by economist Kirabo Jackson and colleagues highlights that certain schools excel not only in raising standardized achievement test scores but also in cultivating interpersonal skills such as assisting others, as well as intrapersonal skills like effective time management for studying. In a Forbes article penned by Jacquelyn Smith, the concept of adults returning to school for career enhancement is explored. The article cites Laura Vanderkamp, an author, who suggests that many individuals believe further education can aid in achieving career aspirations, such as higher earnings, career advancement, or transitioning to a new field.

Pursuing an undergraduate or graduate degree equips individuals with applicable skills and knowledge for their professional roles. For instance, a business administration degree program imparts best practices in accounting, facilitating a comprehensive grasp of the financial aspects of one’s work. Similarly, a management program teaches principles of leadership and conflict resolution. This knowledge encompasses both factual and practical dimensions, proving valuable in current roles and future ambitions.

Beyond factual knowledge, these academic pursuits impart nuanced yet crucial skills, often referred to as “soft skills.” Proficiency in communication, teamwork, critical thinking, and problem-solving are integral parts of this skill set. You can use these soft skills to further improve your approach at work. These abilities contribute not only value to an organization but also establish a foundation for personal growth, providing individuals with the readiness and competence to take progressive steps toward their aspirations.

Research co-authored by Nobel Prize-winning economist James Heckman underscores the significant role of personality in predicting success. Academic grades capture personality traits like determination, diligence, and self-discipline—attributes conducive to achievement. In contrast, IQ alone merely accounts for 1% to 2% of income disparities.

Although links between academic performance and career success exist, notable gaps persist. Leadership and comfort with risk, crucial traits for reaching the pinnacle of business success, aren’t fully reflected in grades. Nevertheless, education instills a robust work ethic. An article from Six Sigma Online at Aveta Business Institute emphasizes the positive message conveyed by ongoing education:

The initiative to expand one’s knowledge is highly regarded by supervisors and business executives. Such a proactive attitude signals an individual’s potential to contribute further to the company’s growth.

Image Credits: unsplash.com

Demonstrating a strong work ethic and unwavering commitment to goals fosters management’s optimism regarding an individual’s sustained success within the professional environment.

As you can see, education plays a crucial role in shaping a person holistically. This encompassing development encompasses facets such as personality, work ethics, soft skills, knowledge, and more. These elements collectively empower individuals to thrive in their careers.

Sources: 1, 2, & 3

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How to Stop Negative Thoughts About Money

How do you feel about money? It’s a question that often goes unasked, yet our emotions wield significant influence over our financial decisions.

For those struggling with their finances, negative thoughts about money can become a formidable barrier, fostering feelings of frustration and resentment.

But here’s the catch: if you hate money, how can you ever expect to have more of it? To change your financial situation, you must first change your mindset. In this article, we will explore effective ways to overcome negative thoughts about money and cultivate healthy financial habits.

#1: CHALLENGE YOUR BELIEFS ABOUT MONEY

Begin by challenging your beliefs. Ask yourself whether your perceptions are grounded in facts or mere assumptions. Are there examples of individuals who have achieved financial success without compromising their values? Challenge the notion that financial prosperity is inherently tied to negative consequences.

#2: SWAP NEGATIVE THOUGHTS WITH POSITIVE AFFIRMATIONS

Swap out self-limiting beliefs with positive affirmations. Instead of saying, “I’m not good with money,” embrace a more constructive outlook like, “I am capable of learning how to manage my finances.” This shift in language can have a profound impact on your mindset and financial decisions.

#3: ELIMINATE THIS ONE PHRASE

Banish the self-defeating phrase, “I cannot afford this.” Perhaps, your parents instilled this phrase in you when you were young. Repeatedly uttering this phrase programs your mind for scarcity. Instead, adopt a more empowering vocabulary. Remember that our words and thoughts shape our lives. As a famous saying goes, “As a man thinks in his heart, so is he.”

#4: CHALLENGE THE FEAR OF DESIRING WEALTH

Don’t let the fear of being perceived as greedy deter you from striving for financial success. We all desire prosperity in different forms! Desire for wealth does not equate to greed. Understand that money is a tool, and increasing your income does not make you inherently selfish. Embrace the idea that financial stability allows you to contribute positively to your own life and the lives of others.

#5: EMBRACE THE RISK OF LOSING MONEY

Successful businesses often require calculated risks and investments. Overcoming the fear of losing money is crucial to growing your wealth. Instead of letting fear paralyze you, focus on making informed investments. Seek opportunities that align with your financial goals and remember that smart risk-taking can lead to substantial rewards.

#6: ACKNOWLEDGE EVIDENCE OF CONTROL

Shift your perspective by actively seeking evidence that you are in control of your financial situation. Shift from a negative perspective to a more positive one. Celebrate even the smallest victories, as they signify progress.

Image Credits: unsplash.com

Transitioning from name-brand to generic cereal to save S$2 is a win. Paying bills on time is a win. Opening a savings account, even without an initial deposit, is a win. Each positive financial action you take reinforces your control over your finances. Transforming your money mindset is essential to achieving financial success. Start today, and watch your financial outlook improve as you cultivate positive thoughts about money.

Sources: 1 & 2

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Latest WFH internships posted from 9 to 12 October 2023

woman in spectacles working on her laptop

You’re here for the latest WFH internships and we’re here to show it to you.

Without wasting any of your precious time, let’s dive into the most recent opportunities this week.

#1: Modern Trade Technologies Pte Ltd – Business Development Intern

moderntrade.co

Website: moderntrade.co

Allowance / Remuneration: $800 – 1,200 monthly

Job Qualifications
  • Be able to communicate confidently and effectively in English and Mandarin to present and pitch ideas.
  • Highly motivated, self-driven, and able to work independently.
  • Desire to learn and adapt in a fast-paced startup environment.
  • Poly / Diploma and University Undergrad internships may apply.
Key Responsibilities

Sales Contacts Directory:

  • Compile a directory of fresh and non-fresh food & drink supplier salesperson contacts.
  • Engage these contacts, by introducing Modern Trade and verifying their contact details.

Supplier Engagement:

  • Schedule and attend meetings with supplier salespersons to demo products and solicit feedback.
  • Onboard supplier salespersons onto the app and walk them through the app.
  • Request for introductions to senior sales leaders to discuss deeper collaboration.
  • Document feedback and share insights with the team.

Merchant Activation:

  • Directly approach restaurants and corner stores (or attend events) to share more about Modern Trade.
  • Promote the merchant app and get restaurants and corner stores started on it.
  • Collect and document feedback from merchants.

Business Operations:

  • Act as a bridge between suppliers and merchants.
  • Assist suppliers/merchants with app troubleshooting, ensuring a seamless experience.
  • Continuously document feedback to help evolve offerings.
How to apply?

View the job post in full here and write to Yufen via this link.

#2: Givabit – Web3 Intern

givabit.io

Website: givabit.io

Allowance / Remuneration: $200 – 750 (project /contract based)

Job Qualifications
  • Passion for blockchain, cryptos, NFT, and digital art
  • A digital guru
  • A social and “doing good” mindset
  • A curious mind
  • Independent to work alone with little supervision
  • A team player mindset
  • Excellent communication and presentation skills
  • Previous early-stage crypto start-up experience is a plus
Key Responsibilities
  • Market research and creative ideas
  • Business & partner development
  • Social media & community management
  • Participate in company strategy and investor relationship
  • Support the CEO in his everyday tasks
How to apply?

View the job post in full here and send your application to [email protected].

#3: Mercedes-Benz Fleet Management Singapore Pte. Ltd. – Intern, Sales & Marketing

mercedes-benz.com

Website: mercedes-benz.com/en/

Allowance / Remuneration: $900 – 1,200 monthly

Job Qualifications
  • Degree in Business Management / Administration
  • Basic knowledge of the financial services industry preferred
  • International exposure and cross-cultural experience preferred
  • PC skills: MS Office and Outlook
  • Language skills: proficient in English and an additional Asian language will be an advantage
Key Responsibilities
  • Support the Fleet management sales team on projects / ad-hoc tasks 
  • Support sales admin on monthly forecasting reporting to F&C.
  • Purchase ordering for sales-related functions in the concur application
  • Alignment of monthly forecast from the sales team
  • New vendor application processing
  • Work closely with marketing on sales promotion alignment
  • Attend regular sales meetings to align on any new promotions/events/launches
How to apply?

View the job post in full here and write to Ben via this link.

#4: Starshine Montessori – Social Media Content Creator

Website: starshinemontessori.com

Allowance / Remuneration: $800 – 1,200 monthly

Job Qualifications
  • Experience or strong interest in content creation and design.
  • Expertise in image and video editing tools, including Capcut and Canva.
  • Strong knowledge of social media platforms and their specifications.
  • Excellent English proficiency, with impressive copywriting abilities.
  • High level of creativity, attention to detail, and ability to translate ideas into engaging content.
Key Responsibilities
  • Design and create unique images and video content using Capcut and Canva.
  • Craft engaging posts, reels, and ads tailored for each social media platform.
  • Monitor, track, and analyze the performance of posts to leverage insights for future content.
  • Stay up-to-date with the latest social media trends to ensure maximum audience engagement.
How to apply?

View the job post in full here and send your application to [email protected].

#5: Mighty Jaxx International Pte. Ltd – ECommerce Operations Intern

 

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A post shared by Mighty Jaxx (@mightyjaxx)

Website: mightyjaxx.com

Allowance / Remuneration: $800 – 1,200 monthly

Job Qualifications
  • Currently studying business, marketing, e-commerce, or a related field
  • Basic knowledge of e-commerce platforms such as Shopify
  • Familiarity with basic photo editing software (e.g., Adobe Photoshop, Illustrator)
  • A strong interest in e-commerce and a willingness to learn and adapt to new technologies and processes
  • Basic knowledge of SEO principles and e-commerce best practices would be a bonus
  • Previous internship or coursework related to e-commerce or digital marketing would be a bonus
  • Good communication skills, both written and verbal
  • Ability to work well in a team and collaborate with cross-functional departments
  • Proactive approach to problem-solving 
  • Strong attention to detail and excellent organizational skills
Key Responsibilities
  • Assist in the creation, optimization, and maintenance of product listings on Mighty Jaxx’s e-commerce platform
  • Handle the uploading and updating of new and existing products on the website
  • Edit product photos and listing content to ensure information is displayed correctly and complies with brand standards
  • Coordinate and collaborate with the Marketing team and cross-departments for campaign/promotion setup
  • Manage inventory of e-commerce platforms
  • Manage any simple glitches if needed or escalate them accordingly
  • Feedback to IT or third-party vendors and follow-up on change requests or any bugs and issues
How to apply?

View the job post in full here and send your application to [email protected]

Editor’s note: These internships are selected based on the “remote” tag, but some positions are hybrid ones and you may need to report physically to the office. For more deets, do contact the employer directly.

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