Forget “Get Rich Quick.” Grow Your Wealth PATIENTLY.

Promises of getting rich quick are more rampant than ever these days and especially during rising markets. Any of us with a Facebook account probably see at least a dozen invitations a week to some sort of multi-level marketing company that will get you wealthy in no time (“from the comfort of your own cell phone!”). The implication with any sort of “get rich quick” promise or advertisement is that, with little effort or investment, you can become wealthy overnight.

 

Not so fast. That’s just not how it works!

 

In life, patience is a virtue. In building wealth, it’s an absolute necessity! It means starting early so time is on your side, investing as much as you can so you have more money working for you, and adopting a globally diversified, long-term strategy so you avoid the pitfalls of market timing. Most studies show that the average investor loses about 2 percent per year to lousy timing decisions, by buying high and selling low! That’s a wealth destroyer you’ll want to avoid.

 

Bear in mind that a key component in the investment process is TIME, and that’s why I tell people you can never be too young to start! Inexperienced investors often succumb to “get rich quick” schemes and hot stock tips. They buy at the top, after the big gains have already occurred and just before the stock plunges. However, just because a stock or a mutual fund had a great run last year doesn’t mean it will have a repeat performance again this year. In fact, often last year’s biggest winners become this year’s biggest losers because they became overpriced.

 

Here are some smart tips for investing wisely and growing your wealth patiently. If you’re entirely new to the concept of investing, the stock market, and growing your wealth, I’ll give you some straight forward facts so you can understand the basics:

 

  • Regularly invest in a diversified, long-term strategy rather than chase yesterday’s winners or engage in market timing. Begin by establishing an automatic monthly investment program as soon as you receive your first paycheck (even if you’re still in college if you can!). Many large mutual fund companies offer global balanced funds at relatively low fees and minimums. They can arrange for monthly investments from your bank account so it’s a user friendly process.
  • Resist taking more risk after strong market gains and taking less risk (panic selling) after major market losses. Remember, it’s “buy low, sell high” not the reverse! Understand that markets peak when the economy is great and they trough when the news is bleak. Don’t let your emotions get in the way of your wealth. Think and act long term.
  • Avoid overly concentrating your investments in a few stocks or market segments (e.g., technology). The market has a ruthless way of humbling the overconfident investor!
  • As a rule of thumb, no stock should represent more than 10-15 percent of your assets. That way, if things don’t pan out, you’ll still have the other 85-90 percent working for you. (Tip: Although it may seem tempting to go for what seems popular or successful at the time, that’s not always wisest.)
  • Remember to diversify across different asset classes (the three main asset classes are stocks, bonds, and cash equivalents, and others include real estate and commodities) to reduce your risk and beat inflation. Too many people put all (or none) of their assets in stocks and live to regret it during market downturns they can’t handle.

 

After taking the above tips into consideration, remember, above all, that patience is key. Very few “get rich quick” schemes—even if they work—are sustainable for the long term. Save and invest with your END GOALS in mind.

 

Do you see the value in building your wealth patiently? Have you had some experiences with this (investing or otherwise) you’d like to share?

 

Last week, we shared the first five of our top ten parenting goals for the year. Here’s a recap:

  1. Equip and empower for independence
  2. Develop soft skills and professionalism
  3. Invest in your relationship
  4. Build a strong work ethic
  5. Quash any sense of entitlement

We hope you took some quality time to consider how you’re doing and ways to improve. As imperfect parents, we can all do better. So in that spirit, let’s review the remaining five:

  1. Help them build their network: Parenting is a team sport. And, during the teen years, we need all the help we can get! Research shows that every child needs at least five caring adult role models who offer wisdom, love, encouragement, friendship, and connections. In addition, workforce recruiting is changing so much that having an inside advantage is almost a must. The time for your teen to build his/her network is NOW, and parents, you can give them a big head start by introducing them to great people you know. It’s one of the most valuable gifts you can give to your children.

 

  1. Promote effective time management: Today’s teens and young adults are bombarded by attention grabbers and distractions. Whether it’s technology, social media, or video games, their ability to focus, problem solve, and spend time on what really matters is being compromised. It’s vital to teach our children that time is a precious asset that needs to be managed wisely. Among other things, that means: 1) developing daily “to do” lists organized by priority and urgency, 2) understanding that work comes before play, and 3) limiting the time they spend on low value activities like social media. It’s all part of the “adulting” process, and one day they’ll thank you for it.

 

  1. Cultivate self awareness: In our conversations with high school (and even college!) students, we’re struck by how little they really know themselves. And yet, many schools and parents are pressuring them to know exactly what career or major to pursue. That’s one reason why we encourage students to build their self awareness. Among other things, this involves: 1) inventorying their strengths (assets) and challenges (constraints), 2) identifying their interests and passions, and 3) understanding their personality style and personal preferences. Tools such as the DISC personality test and LifeSmart’s Personal Balance Sheet help students to understand who they are, what they have to offer, and what opportunities will help them thrive. Let’s help them make these long-term decisions with some clarity!

 

  1. Avoid overcommitting/respect balance: You’ve all heard about the rise in mental health issues among teens and young adults, including anxiety and depression. We’re stressing out our kids in a major way, and some of this is the result of overscheduling and committing our kids to build their resumes. Their lack of down time to decompress is clearly taking a toll. Parents, we need to be mindful of how much free time our kids have to reflect, chill, enjoy nature, and pray if they’re so inclined. Let’s be more vigilant about the time requirements for activities before they sign up. Proper balance is a key ingredient to good mental health, and you can help make that happen.

 

  1. Have fun: College prep exams. Resume building. College applications. Career planning. Financial aid forms. Yes, the upper high school years are fraught with pressure—all the while our students have to be… students! And, as parents, it’s easy to be so consumed by our children’s success that we get stressed out too. When that happens, we can forget about one of the most important things for a family’s well being—having fun! What do your kids enjoy doing together the most? Camping? Hiking? Playing sports? Watching movies? Playing games? Building things? Cooking a meal? Attending concerts? Enjoying a campfire? Whatever it is, be sure to make room for it. The years really do fly by, and these moments will build relationship capital for a lifetime. #enjoyyourkids

 So, these are our top ten. How about yours? We hope you enjoyed them and that they serve you in the years ahead. We’d love to hear your thoughts and encourage you to share with your friends, too.

With best wishes for stronger families and brighter futures,

The LifeSmart Team

 

Our Top Ten Parenting Goals for the School Year: Part One

Last week, we challenged students to set fresh new goals to jumpstart the school year. Goals that would enrich their lives and build valuable leadership skills. Now, dads and moms, it’s your turn! We can always up our games, too.

As we at LifeSmart evaluate the trends among today’s teens and young adults—the success stories and the struggles—we can often correlate the results to parenting effectiveness. No, we are not in control of our children’s success, but we can foster a supportive and empowering environment to give them the best chances. And, when we do, it’s a “win win” for all.

Based on feedback from students, educators, employers, and mentors, we crafted our top ten goals for parents this year. We’re sure you’re already modeling many very well, and, that’s great! But, as you reflect on this (and next week’s) blog, we hope you’ll find some areas to sharpen that will accrue to the benefit of your children.

In no particular order, here goes:

  1. Equip and empower for independence: Many teens are struggling with their transitions into adulthood. Although well intentioned, parents are often contributing by helicoptering, overprotecting, doing versus guiding, and treating their children as friends. Instead, let’s focus on raising self confident and well prepared future adults who are resilient and independent problem solvers. Let’s move emotionally and practically from the driver seat to the passenger seat by giving them greater responsibility and accountability and treating them like adults. Sure they may underachieve or make mistakes, but those lessons are vital to their personal growth and success.

 

  1. Develop soft skills and professionalism: Book smarts don’t always translate into life smarts. Ask any employer of young people. The lack of work experience and character education, as well as our casual culture and communication, are taking a toll. So, use every opportunity to build these vital skills for the workplace and life: high standards, integrity, dependability, positivity, motivation, teamwork/relationship building, communication, resilience, respect, and professional manners. It’ll help them build a great brand and gain admirers.

 

  1. Invest in your relationship: As teens exert their independence, it can feel like they’re pushing their parents away. But, no matter how discouraging this can be, continue to invest in your relationship—it will pay off. Keep those lines of communication wide open and put your listening skills to good use! Think “share with” more than “talk to.” Affirm their uniqueness and value, and demonstrate how much you believe in them. Find the time and place they open up most and make it happen. And, go tech free during meals.

 

  1. Build a strong work ethic: What happens when we do our children’s work because of their busy schedules or our desire to see them happy? It hampers their motivation and work ethic, and employers are indicating that this is a BIG issue. As teens mature, so should their responsibilities around the home. That means doing chores that will not only help your household, but will also prepare them for life on their own. Part-time jobs and volunteering for the community or neighborhood contribute too.

 

  1. Quash any sense of entitlement: Over the past few decades, our culture has become child centric. So, it’s not surprising that many young people see the world as revolving around them. (Many universities are playing into this too and delaying their students’ maturation.) Consequently, young adults are in for a rude awakening when they enter the competitive workforce. Be on the lookout for signs of an entitlement mentality brewing in your children, and take corrective measures if needed. A volunteer trip to the soup kitchen can do wonders. Teach yours that privileges and success are earned, often the hard way.

 

If these resonate with you, we hope you share this blog with your friends and pick up a copy of Parenting for the Launch: Raising Teens to Succeed in the Real World. It’s filled with encouragement and practical tips to help you parent with purpose and let go with confidence!

So, how are you doing on these five? Stay tuned for part two next week.

The Most Important Lesson For This School Year?

In a world consumed with constant distractions and multitasking, it seems like we’re becoming more like bumblebees—paying short visits to one flower after another. We’ve never faced “incoming” like this before, and it’s affecting our attention spans, stress levels, and ultimately, our productivity.

So, how can we help our children navigate this noisy world where they’re being pulled in so many directions?

In my years of evaluating leaders, I’ve come to appreciate what virtually all of them have in common:

  1. Vision: an overarching idea of where they want to go. The person they want to become. The impact they would like to have in this world. The life they want to live.
  2. Intentionality: a commitment to setting goals and plans to turn their vision into a reality. Goals that are challenging but realistic, specific, and measurable.
  3. Relentless Effort: they are self motivated and focused like laser beams to achieve their goals and implement their plans. They don’t just work hard—they work smart. They have high standards and manage their time effectively and efficiently. And, they regularly review whether they’re on track and make midcourse corrections along the way.
  4. Resilience: an ability to overcome and learn from their mistakes, shortcomings, and failures. They don’t let disappointments defeat them; rather, they face their challenges head on and persevere.

With a new school year upon us, this is a great opportunity to teach your children and students how to apply these concepts in their lives. Arguably, this could be their most important learning lesson of the year!

So, whether you’re a parent, teacher, mentor, or coach, have the children under your influence set new goals and strategies for the coming year. Encourage them to develop at least one goal in each of the following categories, and to create action steps (with deadlines!) for achieving them:

  • Career: surveying career matches, attending job fairs, creating a resume, sharpening interview skills, meeting people in careers of interest, etc.
  • Education: improving a GPA, taking valuable courses, reading specific books, watching/listening to media-based programs/trainings, etc.
  • Character: developing strengths, addressing weaknesses, modeling qualities/soft skills of admired people, etc.
  • Relationships: improving existing relationships, building new ones (peer, network), etc.
  • Skill: learning a new skill for personal growth, fun, creativity, etc.
  • Service: volunteering time and talent to support your community
  • Experience: checking off a “bucket list” item or two

The more we can instill the value of setting goals, plans, and strategies for life in our children at an early age, the better positioned they will be to achieve success, fulfillment, joy, and impact. Otherwise, especially in this day and age, they’ll be destined for distraction and random (at best) outcomes. It may be a mindshift for them, but they and their dreams are worth it! And, trust me, one day they’ll thank you for it!

Commit to Being a Lifelong Learner

Education is not the filling of a pail, but the lighting of a fire.

-William Butler Yeats

 School’s out! I am not sure who loves to hear those words more—kids or teachers! Can I get an “amen?” Old and young alike are looking forward to sunset barbecues, beach days with family, copious amounts of sunshine, and a little more sleep. In my school days as a youngster in Wisconsin, it was all about, “Heading Up North’.” It’s a well-deserved break for everyone, and I hope yours is unforgettable!

However, it’s important to remember that just because school’s out doesn’t mean learning has to go out the window, as well. Education isn’t just for classrooms! Lifelong learning is a pursuit that will serve kids (and adults) well for the rest of their lives.

In this global, knowledge-based economy with an endless database of instantaneous information at our fingertips, students need an insatiable appetite for learning. This means not only expanding their subject knowledge, but also having diverse interests. What ways are you as a parent, mentor, or teacher helping them explore other subject areas that challenge their minds or satisfy their curiosity?

I grew up living the simple life in small-town Wisconsin. It was a childhood I wouldn’t trade for anything in the world. I spent most of my free time either playing sports or hanging out in the woods with my friends. But, while that got me through high school and college just fine, I began to notice something early in my career… most of my peers were more intellectually well-rounded than me. I especially noticed it at gatherings when politics and world affairs were discussed.

I knew I had some serious catching up to do, especially considering the growing number of client meetings I attended. Thankfully, once I committed to stepping up my intellectual game, my confidence grew. It made a huge difference in my investment management career. Looking back, I regret delaying that process.

Here are some ways you can help your teen (or yourself) engage in continued learning this summer and always. Encourage them to step outside of their comfort zone—I promise the benefits will be bountiful.

  • Learn a new sport or revisit one you haven’t played in awhile
  • Make an “I’m interested in____ list” and brainstorm ways to tackle it
  • Catch up on current events by reading REPUTABLE newspapers or magazines (sensationalist social media headlines don’t count)
  • Volunteer for a charity
  • Visit the library and check out a book on a topic of interest unrelated to your career. A country you’ve always wanted to visit. A hobby you’d like to pursue. A historical figure you’ve always admired. An era that intrigues you.
  • Read a book that wasn’t assigned to you or is outside the genre of something you’d normally read
  • Write a book, essay, or poem; cook a meal you’ve never made before; draw or paint something that interests you
  • Check out all the museums near you
  • Job shadow (or have coffee with) someone who is employed in a career field you’re considering

Encourage the young people you know to stretch their wings a little and be lifelong learners. It’ll help them advance in life and make them more well-rounded, dynamic, and confident people.

 

How do YOU keep sharp and keep building your repertoire of skills and knowledge?

 

 

Four Steps to Choosing Your College Major and Career

Can you imagine working at a job you hate? Spending most of your waking hours bored, frustrated, or totally stressed out, working with people or for an employer you don’t care for?

On the other hand, imagine working for a company you admire, where your skills are fully utilized, where you can build life-long friendships, where you’re given opportunities to grow professionally, and where you’re rewarded and recognized for a job well done.

I think we’d all prefer the second scenario, wouldn’t we? Unfortunately, many don’t experience it because they don’t do the proper homework. Choosing your major and career should be one of the most fully researched decisions of your life. But, is it?

Unfortunately, far too many grads are disenchanted with their major and career. In fact, in a recent Gallup poll of some 90,000 college grads, 36% regret choosing the major they did! Yes, 36% have buyer’s remorse! This is a shocking statistic given the amount of money poured into our college educations and the importance of actually liking (and succeeding in) a career that fits. I believe this major/career regret stems from the following:

  1. Insufficient research by students on their career options. They are either struggling to find a job in their major or discovering it wasn’t a fit after all.
  2. Insufficient guidance and preparation by colleges provided to students. I speak with far too many college grads who are still uncertain about their careers or are clueless as to how to land a job. This is a travesty.
  3. Too many college majors with limited career connections. Shouldn’t colleges provide students with the percentage of their graduates landing a job in each available major? Many students simply major in what they like (with full support from their counselors) without realizing the challenges in actually finding work.

 

Now that summer is here and many students have college and career on their minds, it’s the perfect time to do some assessing, research, and hands-on learning to get a good grasp of what your future can look like.

The first step is to conduct a comprehensive self-assessment. This involves taking an honest and objective inventory of your:

  • Interests and passions
  • Skills and aptitudes (Be honest with yourself here. Don’t say you’re good with numbers when you’ve nearly failed all your math classes!)
  • Lifestyle and workplace preferences (are you laid back? Orderly? Type A? Do you hope to work remotely, travel a lot, etc.? Like working solo or in teams? Thrive on pressure…or not? People or task oriented?)
  • Ability to obtain the necessary qualifications (Degrees, certifications, continued education)

The second step is to develop a list of potential careers that captures your interests, skills, and personal preferences. Learn about the qualifications for each career possibility and consider whether you have the skills and/or are willing to acquire them. Meet with admissions counselors and professors. Attend career fairs. Review the recommendations from any aptitude tests you’ve completed. Meet with actual practitioners in each career area to learn what the job is like. Speak with others who know you best to gain their perspectives.

The third step involves investigating the demand outlook for the careers you’re considering. Do your research to discover which careers are experiencing strong job growth and which majors will qualify you. This step is more crucial than you realize. For every major you’re considering, thoroughly evaluate its employment prospects. Your return on college investment may be at stake!

Finally, seek out work-study, internship, and job shadowing opportunities to get a taste of what the career is like. This will provide a firsthand reality check and either confirm or reject your preliminary conclusions.

Once you complete this process, you’ll have narrowed down your major/career choices to a few finalists. Don’t be surprised, though, if your thinking changes as you take more advanced classes and learn more about that career. After all, most college students change their major at least once. I did twice!   

A great research tool is the Bureau of Labor Statistic’s Occupational Outlook Handbook, which you can find at www.bls.gov/oco. On this site you will find the descriptions for hundreds of occupations, in addition to the education and training you’ll need to qualify for them. Also listed are average earnings and future projections for growth in each profession. Need help starting to identify which jobs and careers might be a good fit for you?  Also check out this website.  It’s called, “What Do You Like?” and can help you narrow down your options based on your own interests. Another good option is www.careercruising.com.

 Parents, youth mentors, and educators: Please consider sharing this email with the career-bound students in your life. Use it as a bridge to opening conversations about life direction, career options, and preparation for life as an adult. Then feel free to share your comments and testimonials with our online community; we’d love to hear your thoughts!

Take Responsibility; Don’t Dodge It

 

“If you could kick the person in the pants responsible
for most of your trouble, you wouldn’t sit for a month.”

~Theodore Roosevelt

 Ah, the blame game. We’ve all played it. Most of the time, it simply doesn’t feel good to accept responsibility when we’ve fallen short, so we cast the blame on others (e.g., “If my teacher wasn’t so rude, I wouldn’t have failed the class.” “I know I got a speeding ticket, but my friend made me late!” “My teammates cost us the win.”).

However, we’re all human, so we make mistakes.  Every single one of us. Sometimes those mistakes are completely innocent and happen by accident, and sometimes they stem from a bad decision, a character flaw, or selfish motives. But no matter what, mistakes and shortfalls are part of life. While no one keeps track, they number well into the thousands in a lifetime. That being the case, one has to wonder why it’s so difficult for us to admit our mistakes and accept responsibility.

Is it because the words “I’m sorry” don’t come easily? In such cases, it’s sometimes easier (and feels less shameful) to blame others and make excuses. Our pride gets in the way.

Or, maybe we fear how others will react. For people who have been victims of abuse, this is a natural response.

Is there a better way to handle our mistakes?

People who are prone to blame others first are actually reflecting their own insecurities. Implicitly, they assume their relationships can’t withstand an acknowledgement of a mistake or shortfall. However, it’s a false assumption, especially since most people appreciate it when someone admits a mistake and asks for forgiveness.

When you make a mistake or your best efforts fall short of the goal, you can do one of two things:

  1. You can TAKE responsibility, apologize if appropriate, do what you can to make things right, and commit to doing better the next time around.
  2. You can DODGE responsibility, blame someone else (or the circumstances), and walk away from the situation – leaving others (and yourself!) with the problem you created.

Choice #1 will gain you the respect of your family, peers, and colleagues and help you learn from your mistake. It’s an act of integrity. Choice #2, on the other hand, will damage your reputation and deprive you of a valuable opportunity for personal growth.

Refusing to own up to our shortfalls creates a blind spot in our lives—one that might cause us to miss out on great opportunities to learn and grow! That professor who was “biased” against you? She could have turned out to be a great tutor. The coach you were convinced benched you every game because “he didn’t like you?” He could have been a great trainer and helped you up your game. That “jealous” classmate? She could have helped you become a better friend.

The long and short of it is this: Accepting responsibility is a hallmark of a true leader and a sign of maturity. The next time you’re tempted to blame first, swallow your pride and admit that you fell short. You’ll be respected and admired by others when you do… and you might be surprised by the grace they extend to you in return!

Do you find it difficult to admit your mistakes and accept that you aren’t perfect? Why? How do you develop the value of taking responsibility for mistakes in your teens or students?

Cultivating Productivity in Our Teens

career fairLast week we talked about senioritis, and how giving in to the temptation to slack off near the end of the school year can come back to bite us. That’s why it’s so important that we as parents and teachers do our best to cultivate productivity in our teens.

Over the years, I’ve noticed an interesting trend in my chance encounters with people. It goes something like this:
Me: “It’s great to see you! How’ve you been?”

Them: “Busy!” Or,

Them: “Crazy busy!” Or,

Them: “Out of control!” Or,

Them: “Overwhelmed!”

Is this good?

No, it’s not. We’re experiencing a crisis of over-commitment and information overload like never before. It’s not supposed to be this way. After all, technology is supposed to make us more efficient, isn’t it?  Not more stressed! At the risk of sounding like Fred Flintstone, faster isn’t always better—especially if it reduces our quality of life and productivity.

These days, everyone is consumed with “busyness.” You see it everywhere. Our attention spans are shorter, our responsiveness has markedly deteriorated, our cell phones have become appendages (where almost nonstop beeps and vibrations are creating a false sense of urgency), we’re having a harder time focusing, and relational depth is increasingly being replaced by superficial breadth. Our children are bombarded with information and opportunities like never before and it’s showing up in anxiety levels.

It is crucial that we arm them with a strong productivity foundation to handle this brave new world.

Let’s start with time management. Whether they go on to college or the workplace, they will be in charge of how they spend their time. Successful people are extremely disciplined with their time, viewing it as a priceless asset they cannot get back. That’s the attitude we want to cultivate in our teens. They will need to develop prioritized daily “to-do lists” arranged by importance and urgency, and plan their time accordingly. Top priorities come first and before the fun.

Another key productivity driver is their ability to set goals and plan for their achievement. Encourage your children to set goals regarding their career, family, education, personal growth, finances, service, experiences, recreation/leisure, and daily responsibilities. The more specific, realistic, and measurable they are, the better. Consider setting some time aside with your student and making a list together of their measurable goals— immediate, short term, and long term. Then, train them to develop strategies and plans to achieve them. Without a planning mindset, success is, at best, a random proposition.

Finally, our kids need to become great decision makers. In What I Wish I Knew at 18, I describe an effective six-step decision-making process. The steps are: 1) determine your key decision criteria, 2) get the facts, 3) identify all the alternatives, 4) conduct an objective pro/con analysis for each option, 5) engage wise counsel, and 6) listen to your “gut instinct” or intuition. By working the process, their best option will usually reveal itself. It’s a GREAT discipline for selecting among several college alternatives!

Here are some questions to consider as you prepare for launch time and “train for productivity:”:

  • Are they effective goal setters, planners, time managers, and decision-makers?
  • Do they control technology, rather than allow technology to control them?
  • In their daily planning, do they focus first on what matters most?
  • Do they consider their time as a precious asset?

Let’s do our best to cultivate a foundation of productivity in our teens, as it will the foundation of success for the rest of their lives. Also, don’t forget to lead by example. Ask the above questions about your own life, too. There’s room to improve for all of us!

How to Help Your Senior Finish Strong

se·nior·i·tis noun se-nyer-‘i-tis: an ebbing of motivation and effort by school seniors evidenced by tardiness, absences, and lower grades.

Sound familiar? I know I certainly suffered from senioritis during both high school and college (and my daughter is living it as I write this)!  At this point in the year I was so burnt out on tests and looking ahead to college or my new career,that it was easy to rationalize slacking off at school. But, now that I am older (and hopefully wiser), I look back with a different perspective.

If you have (or are) a high school senior, you know just what I’m talking about. So here are some thoughts about why it’s a good idea to stay the course and finish STRONG. I promise you, you’ll never regret pulling yourself out of your senioritis slump and finishing well. Here’s why:

  1. After graduation and throughout college and career, you will find yourself in situations where long, arduous efforts will make or break your success. A deadline for a huge presentation at work, grad school applications, or a team project for a history class are all examples of situations that require effort and adherence to deadlines. As life goes on, the stakes will only get higher, so it’s important to develop and nurture the discipline of finishing strong NOW.
  2. Success in all areas (career, academics, relationships, sports, etc.) requires planning, practice, and perseverance. Here at LifeSmart, we like to refer to these as “the Three P’s of Success.” In order to apply these P’s to your life, I encourage you to create daily to-do lists and implement daily goal-setting sessions. I guarantee you will see your productivity soar. (And remember, procrastination is a ‘P’ you want to avoid like the plague.)
  3. Good study habits are important throughout your life, not just during high school. Trust me when I say college academics are far more challenging than high school (my 3.8 GPA in high school became a 2.85 in my freshman year of college!). And of course, once you start moving ahead in your career, that doesn’t mean you’ll never study again! Most careers require some continuing education, and you’ll have to study and prepare for presentations, conferences, and portfolio building, and more.
  4. Most college admissions are contingent on the student finishing well! So, too, are academic awards and scholarships!

We’ve all seen painful examples of when people or teams squandered great starts by not finishing strong and incredible finishes from slow starters that eventually won the game. No matter who you were pulling for, the 2017 Super Bowl was the perfect illustration of what can happen when you ease up. Unfortunately, that big lead for the Falcons didn’t matter in the end. Better luck next year!
Current high school seniors are about to enter the most amazing six months of change in their lives. They’ll be saying “hello” to their future with more freedom and responsibility than ever before. Their worlds will become bigger and more exciting, but their plate will also become more full.  Encourage them that this is their time to finish strong and launch their future well. With planning, practice, perseverance, and patience, they’ll knock it out of the park. Their success is there for the taking.
Do you have – or know someone with – a classic case of senioritis?  It’s that time of year! What are some of your ideas for overcoming it and finishing strong?
 

Career Readiness: Excelling on the Job

“Some people dream of success… while others wake up and work for it.”

~Author Unknown

It’s day one on the job, and we can’t wait for our corner office, leather chair, and stunning view. Not so fast! Success on the job (including the perks!) takes hard work, and no one is entitled to it. In today’s competitive workplace, employers are managing their staffs with greater scrutiny than ever. Consequently, we must continually justify ourselves by adding value to our employer.

There’s a BIG difference between the MVPs in an organization and those whose careers stagnate. So for our students’ benefit, it’s critical that our career readiness training includes the secrets of workplace superstars. With so many teens and young adults lacking job experience, this segment offers a vital glimpse into the demands of the workplace. The better our students understand this now, the better equipped they will be to knock it out of the park from the first day.

Here are our recommendations for setting students up to excel in the workplace:

  1. Pursue a well-matched career. All-Star employees play to their strengths, and that begins with selecting a career that matches their skills, interests, and personal preferences. This is one reason why students should conduct a comprehensive assessment of themselves and career options (described in an earlier blog) before making a decision. It is also why parents and educators should play a role of guiding the process rather than directing it toward a particular outcome. There is no substitute for loving our work, and that can only be possible if it fits us like a glove.
  2. Model the qualities of workplace MVPs. Career success goes far beyond skills and smarts. Ask employers to identify what stands out among their most admired employees and you’ll hear qualities such as high standards of excellence, integrity, dependability, relational/communication skill, positivity/enthusiasm, motivation/strong work ethic, resilience, humility, loyalty, professionalism, focus, creativity, and a willingness to go above and beyond. Encourage your students to take these to heart.
  3. Deliver excellent job performance. It’s critical that students understand how they will likely be evaluated on the job. Their performance will link directly to their pay, promotion potential, and overall satisfaction. Generally speaking, their job reviews will include rankings on subjective criteria such as communication, attitude, teamwork, and dependability, as well as on specific goals for the performance period. We recommend sharing the following strategies with students starting on their first day:
  • Ask their supervisor to define excellence on the job and in each of the evaluation criteria. This offers invaluable insights how he/she will be rated in these subjective areas. Then, of course, deliver it!
  • Ask their supervisor to identify the one to three most significant accomplishments the employee could achieve in the next six months. Then, deliver them!
  • Ask their supervisor to share how he/she and the department are being evaluated and how they can contribute to their success. Then, deliver!
  1. Contribute to their employer’s success. MVPs go above and beyond. They proactively seek ways to build value in the eyes of their employer. And, the best way to do this is to positively impact the organization’s success. There are many ways to do this, but here are some of the most powerful:

Improve sales. This can be achieved through adding new customers, building customer loyalty, developing new products/services, and supporting the sales effort.

Reduce expenses. Lowering costs and improving efficiency directly benefit the bottom line.

Innovating. Whether it’s new products or services or better ways to position the company in sales settings, these efforts contribute to the employer’s brand and revenue growth.

Leading. Whether it’s leading projects, teams, or people, the potential for significant impact and reputational value are huge. Seize the moment and use every opportunity to demonstrate leadership skills.

By knowing how to deliver excellent job performance, your students will be poised to reach their full career potential!