Is Home Office Heaven Or Hell For You?

Working from home used to be an idea that graced infomercials few years ago but in the new generation, it has become increasingly common. According to the data collated by Global Workplace Analytics, there are approximately 10 to 15 million home-based businesses. Before making any decisions to jump on the “home office” bandwagon, you must first weigh its advantages and disadvantages.

ADVANTAGES

Given the opportunity to be your own boss, you may be able to do things you love and get paid for it. Since you do not have a supervisor beside you, your passion will fuel your creativity and productivity. In fact, a Stanford University study showed that call center employees from China reported increased performance by 12% and higher work satisfaction as they worked from home.

Aside from this, having a home office can give you one thing that you might be itching for – freedom! You start by building your own working environment that you are most comfortable with. With this power of autonomy, you will notice that little things you do can make a huge difference.

Freedom also entails that you hold your own work schedule. Setting your own hours can mean that you get to drive your children to school, you can go out for private errands during lunch, and you won’t miss out on your children’s school presentations. This means that you are able to do more of what you really love.

DISADVANTAGES

After hearing its advantages, working from home may sound like a dream come true but you have to take note of its disadvantages too. One prominent downside to many home offices is the vulnerability to distractions such as accessible electronic devices, noisy family members, and many household tasks.

Another disadvantage is higher utility costs, especially if you barely leave your home. This is why you should make it a habit to conserve energy through simple strategies such as scheduling your air conditioning use, reducing indoor heat by painting your rooms white, or working at the brightest part of the house.

Lastly, since most people meet new people and make friends in the workplace, professionals who are working from home may experience loneliness, isolation, and depression. As they are plucked away from their previous co-workers and bosses, staying in touch with them can remedy the situation.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

Bottom line: When you are shifting towards the home office, you must consider all its possible factors – both good and bad. If possible, you may split your time between the home office and the workplace.

Sources: 1,2,3,& 4

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4 Enchanting Ways To Run A Business Like Taylor Swift

Whether you are captivated by her or not, Taylor Swift is a smart businesswoman who has been making all the right decisions lately. A proof of her success was her album 1989 that sold millions of copies worldwide. To top that off, her current net worth is US$80 million (about S$111 million) according to Forbes.

From nurturing her relationship with her fans to embracing her authenticity, here are the 4 Enchanting Ways To Run A Business Like Taylor Swift:

1. CREATE AN EXCLUSIVE CIRCLE

If your product has a limited-edition content, customers can create a common circle wherein it is exclusive to them alone.

For instance, Taylor Swift’s CDs sold successfully not only because of her infectious music but also because of her personalized memorabilia (such as the limited Polaroid photo sets) as well as special fan codes (to win a personal meeting with her). Those who buy the CDs will immediately share its contents to their friends or social media. That is free advertising at its best!

Mimic this by offering occasional discounts and exclusive promotions. Keep your customers in the loop by sending out electronic announcements and decorating your shop with attractive posters.

2. UNDERSTAND YOUR AUDIENCE

Aside from talking to them genuinely, you must actively listen to what your target audience has to say. Take it from Taylor who not only showed her audience that she listens to them but also gets in their inside jokes (in reference to the “no its becky” tee).

Business owners who want to make the brand seem more approachable can interact and join in the discussions of the consumers thru social media. Accept feedback and take necessary actions to improve your business.

3. BE YOUR TRUE SELF

If you closely observe Taylor Swift during the awards season, you will realize that she is singing and dancing like she owns the place! She is not afraid to be her fun and quirky self that marches to the beat of her own drum.

As entrepreneurs, it is your duty to uphold your values and vision even if it is not aligned with what is on trend today. Avoid losing your consumers by staying true to yourself in your advertising/marketing campaigns.

4. APPRECIATE YOUR CONSUMERS

Aside from her killer dance moves, Taylor is known for having a strong bond with her fans. In fact, she personally invited 89 of her fans to her homes to provide feedback and listen to her 1989 album before it was released. This is a great technique to increase consumer satisfaction.

Channel your inner Swift by showing gratitude to your loyal consumers. Manifest your appreciation to your consumers by saying “Thank You” in person or by sending an electronic “Thank You note”.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

This simple and inexpensive gesture will impact the way they view you and your company as it will make them feel valued and special.

Sources: 1 & 2

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Most Popular Recruitment Agencies In Singapore

Extraordinary – that is the perfect word to describe Singapore’s workforce.

Singapore is a popular destination to many foreign workers and a starting point to some locals who want to further their careers overseas.With that said, the competition is as fierce as can be!

Stand up from the rest and improve your chances of getting hired by seeking the services of credible recruitment agencies. A recruitment agency is a business paid to find suitable workers for various companies and organizations. It plays a vital role in connecting the employers with the potential candidates.

To help you in your quest, here are some of the Most Popular Recruitment Agencies In Singapore…

1. RECRUIT EXPRESS

From its inception in 1996, Recruit Express has expanded their staffing operations across the Asia-Pacific regions. In fact they have offices in Singapore, Hong Kong, Sydney, Taipei, Shanghai, Beijing, Tokyo, Kuala Lumpur, and Bangkok.

Listed as one of the top Singapore agencies at JobsDB.com, Recruitment Express uses their vast network of resources and extensive database to match the right people to the right organization within the shortest time.

2. CAREERHUB CONSULTANTS

A relatively new agency established in 2011, Careerhub Consultants has been ranked as one of the best Headhunter in Singapore by Dougles Chan. Dougles Chan is the author of Financial Success in Recruitment Industry and Job Seeker Power Manual).

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

This recruitment agency offers a myriad of job opportunities in fields such as hospitality, finance, and engineering.

3. AEGIS RECRUITMENT

Aegis Recruitment is one of the leading agencies in Singapore that boasts with excellent reputation. Just take a look at their sleek, neat, and user-friendly website right now. Do you see what I mean?

From real estate to advertising, the Aegis consultants do not just work by “word matching”. Rather, they use extensive methods and prompt actions to ensure that the requirements are thoroughly understood and met.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

Although these agencies are potent, you must not heavily rely on them to secure a job. Do not just sit back and relax at home! Put in additional efforts to observe the odds in your favor.

Sources: 1 & 2

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16 Occupations That Can Earn You More Than Facebook’s Zuckerberg

Based on the data provided by Hudson Singapore Salary Guide 2015, these 16 occupations are paid with higher annual salaries than Facebook’s CEO Mark Zuckerberg. The reason behind this will be revealed later on.

Information, Communications, & Technology Sector

1. Application Manager
Average Minimum Annual Pay: S$80,000
Average Maximum Annual Pay: S$120,000

2. IT Consultant
Average Minimum Annual Pay: S$100,000
Average Maximum Annual Pay: S$150,000

3. Customer Support Manager
Average Minimum Annual Pay: S$100,000
Average Maximum Annual Pay: S$120,000

4. Consulting Manager
Average Minimum Annual Pay: S$60,000
Average Maximum Annual Pay: S$120,000

5. Training Manager
Average Minimum Annual Pay: S$120,000
Average Maximum Annual Pay: S$200,000

6. Channel Operations Director
Average Minimum Annual Pay: S$200,000
Average Maximum Annual Pay: S$450,000

Sales and Marketing Sector

7. Events Manager
Average Minimum Annual Pay: S$50,000
Average Maximum Annual Pay: S$80,000

8. Sales Engineer
Average Minimum Annual Pay: S$48,000
Average Maximum Annual Pay: S$70,000

9. Media Group Head
Average Minimum Annual Pay: S$72,000
Average Maximum Annual Pay: S$105,000

10. Market Analyst
Average Minimum Annual Pay: S$70,000
Average Maximum Annual Pay: S$85,000

11. Public Relations Manager
Average Minimum Annual Pay: S$84,000
Average Maximum Annual Pay: S$110,000

12. Agency Managing Director
Average Minimum Annual Pay: S$200,000
Average Maximum Annual Pay: S$300,000

Human Resources Sector

13. HR Officer
Average Minimum Annual Pay: S$50,000
Average Maximum Annual Pay: S$75,000

14. HR Manager
Average Minimum Annual Pay: S$80,000
Average Maximum Annual Pay: S$160,000

15. Organisational Development Consultant
Average Minimum Annual Pay: S$80,000
Average Maximum Annual Pay: S$150,000

16. HR Director
Average Minimum Annual Pay: S$200,000
Average Maximum Annual Pay: S$250,000

Why These Occupations Pay Higher Than Being A CEO (Facebook)

Mark Zuckerberg, the innovative founder and CEO of Facebook, chose to take home a salary of US$1 (S$1.40) each year. Since 2013, Zuckerberg joined the dollar salary club alongside Zynga’s Mark Pincus and HP’s Meg Whitman.

He was quoted saying: “I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have.”

Despite this move, he is still worth US$48.2 (S$67.38) billion according to Forbes.

Image Credits: pixabay.com (CC0 Public Domain)

Image Credits: pixabay.com (CC0 Public Domain)

So in a sense, most Singaporeans (including yourself) are getting salaries that outweigh that of Zuckerberg’s.

Sources: 1 & 2

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How To Start A Business While Keeping Your Full-Time Job And Sanity

Manage the stress of your full-time job while running a side business without going crazy with these 6 tips!

1. DETERMINE THE REAL REASONS WHY YOU ARE BUILDING A BUSINESS

Getting a clearer understanding of why you want to start a business is a crucial first step that every budding entrepreneur must take. Whether you want to accomplish a childhood dream or you are motivated to become your own boss, knowing your drives will help you focus and commit to your dreams. When you are committing to your dreams, you make sure to see it through to success.

2. READ THE FINE PRINTS

Before getting your full-time job, I am sure that you signed a contract or some paperwork for the HR department. Find those files and make sure that you did not sign any agreements that prevent you from building your own business. Get professional legal advice if necessary.

3. USE YOUR TIME WISELY

You are given the same number of hours as Bill Gates or Oprah Winfrey each day, maximize it! In a week, say you are given 40 hours of work and 56 hours of sleep, you will have about 72 hours left to spend wisely. Successful entrepreneurs strategically make the most of what they have instead of wishing for more time.

4. DEVELOP NEW SKILLS

As a start-up, you are testing every aspect of your business including the amount of labor necessary. Do really a marketing team or can you handle the marketing aspect by yourself?

Instead of hiring professionals to do the job for you, you can commit several hours in developing skills. Online educational websites such as General Assembly and Skillshare offer free and paid courses on a wide range of topics such as marketing, photography, and design.

5. SHOP FROM B2B WEBSITE

If you are planning to start your own shop or online business selling goods, you need to know where to source for your items. Sites like Taobao is the way to go, but if you want to enjoy greater discount or better price for each quantity of item, you need to purchase in bulk. That’s where VolumeBest, a B2B online trade site dedicated exclusively to wholesale and volume business buyers, can help you save money.

Volume Best carries a good range of consumer products such as mobile accessories, lighting peripherals, watches and other electronic goods at a very good price. They also offer free and secure UPS shipping to ensure that you receive your goods on time.

6. OUTSOURCE IF NEEDED

To finish the tasks faster and make money while you are at your day job, consider outsourcing.

When you decide to hire help, good sources of quality yet low-cost labor are university or polytechnic interns. If you are willing to spare some time to training, both of you can benefit from the experience. Think about it! You are giving a worthwhile experience and good recommendation for the intern while the business is receiving low-cost (and sometimes free) services.

7. ACCOMPLISH WHAT IS IMPORTANT

The Pareto Principle states that for many events, about 80% of the outcomes stem from the 20% of the causes. Simply, only a portion of your efforts lead to the effects. This is why the smartest decision is to focus your energy on the things that yield higher returns. When you are juggling two jobs, do not beat yourself up with the unnecessary investments and drama. Rather than doing everything, accomplish only what is important.

Image Credits: pixabay.com (License: CC0 Public Domain)

Image Credits: pixabay.com (License: CC0 Public Domain)

 

Sources: 12, 3

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