Doing CX Right®‬’s Post

Are you surprised by the rise of Gen Z preference towards entrepreneurship, gig jobs? Research study reveals “53% prefer multiple part-time jobs over one full-time job. This compares to 48% for Generation X and Y.” I acctually would have guessed more than 53%. What are your views? Share in comments👇 #GenZ #GenX #GenY #gigwork

I previously posted about the top 20 desires of founders and entrepreneurs. Attracting the right people to be able to scale at pace was in the top five. What can you do to better attract the talent you need? First of all, it's not just about how you advertise the role. Many people approach recruitment from a perspective of screening and selecting and making applicants demonstrate why they should give them a job. Not only is this outmoded, it's inefficient, and rarely leads to good retention. It often leads to offers of employment being declined too. Before you advertise, you need to think about what's on offer for the candidate. You may have heard about EVP (Employee Value Proposition) and it largely boils down to answering a few simple questions: ❓ Why would somebody who is relatively happy where they are want to come and work for you? ❓ What are you offering that makes it an attractive prospect for them? ❓ So what? For every "benefit" you come up with, ask yourself what this means to a potential employee. Put yourself in their shoes and ask yourself "so what?" For example: "We're building a really exciting solution to XYZ and have big plans!" So what? Is it "so I can earn loads of money and stroke my ego and you get to work your ass off and bask in reflected glory", or "so you can be part of driving the growth, develop personally and professionally through the process, and get some equity shares, while saving the planet/improving social equality/feeding the poor..."? While it is certainly possible to find people who will share you vision, and even your passion, you have to remember that this business is YOUR baby, not theirs. Don't expect people to be super excited about your idea unless they can also see how it, and their involvement, will satisfy their needs too. Be it for challenge, adventure, bringing order to chaos, delivering growth, or whatever their 'bag' is. Start-up business owners often fall into the trap of thinking they can't offer good salaries. You often have the flexibility to offer more things that are of value to the right people for a start-up environment. They crave a vibrant company culture, opportunities for growth, and a sense of purpose. While salaries don't have to be HUGE to attract the right talent, they do have to be competitive. A shit salary and promise of pizza on a Friday isn't going to cut it. Think about perks that won't cost you a lot of money but can be highly valued by individuals: flexible working arrangements; profit and performance related bonuses (even for roles that aren't traditionally remunerated in this way); private healthcare and wellbeing options. 🌟 Pro Tip: Showcase your company's mission and values on your job adverts. Share stories that highlight purpose, achievements, and community involvement. Give potential candidates a glimpse of the exciting journey they could be a part of. It’s not just a job; it’s an adventure! 🌟 #entrepreneur #founder #businessgrowth #scaling

Losing your job can feel like a huge setback, but also a motivating force for positive change. Three women share how being fired fueled the next chapter of their careers in this Financial Times article, which includes my views on how to rebound after a career setback. 📰Read full article: https://lnkd.in/eMAGXzWU Thanks to Kate Bassett for writing this important piece featuring Molly Johnson-Jones, Sarah Owen, and Catherine Mayer #WomenInBusiness #Resilience #Entrepreneurship #businessowner

Losing your job can feel like a huge setback, but also a motivating force for positive change. Three women share how being fired fueled the next chapter of their careers in this Financial Times article, which includes my views on how to rebound after a career setback. 📰Read full article: https://lnkd.in/eMAGXzWU Thanks to Kate Bassett for writing this important piece featuring Molly Johnson-Jones, Sarah Owen, and Catherine Mayer. #WomenInBusiness #Resilience #Entrepreneurship #businessowner #internationalwomensday2024 #internationalwomensday #careerchange #layoffsupport #layoff #redundancy #dei

A Tsunami or a Wave of Change Alert for #SmallBusinesses & Aspiring #Entrepreneurs! A recent Hays survey has unveiled a staggering statistic that should have every business on high alert: a whopping 71% of Canadians are planning to leave their jobs within the next 12 months. This figure marks an all-time high for the recruitment firm's findings, signalling a significant shift in the workforce landscape. The primary drivers of this discontent are wage levels, benefits, and unsatisfactory job roles. For #SmallBusinesses, this looming wave of resignations is a double-edged sword. On one side, it presents a potential challenge in retaining talent. On the other, it offers a unique opportunity to attract new skills and perspectives. As larger corporations might struggle with the volume of exits, small businesses could seize the chance to showcase their unique value propositions—be it a more personalized work environment, flexible roles, or competitive packages tailored to the evolving expectations of today's workforce. Moreover, this is the ideal time for small businesses to reassess and revamp their employee engagement strategies, focusing on what modern workers value most: purposeful work, work-life balance, and opportunities for growth and development. For Aspiring Entrepreneurs, the current restlessness among employees might catalyze a surge in #entrepreneurship. Individuals disillusioned with traditional employment models may see this as their moment to pursue passion projects or launch ventures they've been dreaming of. This entrepreneurial wave could lead to a vibrant startup ecosystem, fostering innovation and creating new job opportunities that align more closely with modern career aspirations. For those considering starting their own business, this period of flux could be ripe with opportunities to fill gaps left by the resigning workforce. Areas of high demand and dissatisfaction could signal market needs, guiding aspiring entrepreneurs towards viable business ideas. Both small businesses and potential entrepreneurs should view this shift not just as a challenge, but as a transformative opportunity. By understanding the underlying causes of job dissatisfaction, businesses can adapt to meet the changing needs of the workforce, while individuals can find the motivation to pursue new paths that promise greater fulfillment. Resources like the Hays report offer invaluable insights into employee motivations and market trends for small businesses looking to navigate these changes. As for those venturing into entrepreneurship, conducting thorough market research and leveraging networks for support can pave the way to success in this new employment landscape. Do you see this as a threat or a sea of possibilities or something else? #BusinessTrends #WorkforceShift #Entrepreneurship #SmallBusinessStrategies #CareerChange #Innovation #eQuo

Think an Entrepreneurial Side Gig Hurts Your Full-Time Job? Think Again! Many people worry that having a side gig will distract them from their primary job, or they fear their employer will see their entrepreneurial endeavors as a conflict of interest. However, the truth is, managing a side business can actually enhance your full-time career in several ways. Here’s how: Enhanced Skill Set: Running a side business requires you to wear many hats. You’ll develop skills in marketing, sales, finance, and customer service. These additional skills can make you more valuable in your current role, showcasing your versatility and ability to handle multiple responsibilities. Improved Time Management: Balancing a side gig with a full-time job teaches you to prioritize tasks and manage your time efficiently. These time management skills can lead to increased productivity and efficiency at your full-time job. Boosted Creativity: Entrepreneurship encourages out-of-the-box thinking and problem-solving. Bringing this creative mindset to your primary job can lead to innovative solutions and ideas that benefit your employer. Stronger Networking: Running a side business expands your professional network. The connections you make as an entrepreneur can open doors and create opportunities in your full-time career. Networking with other business owners and professionals can lead to valuable collaborations and partnerships. Increased Confidence: Successfully managing a side gig builds confidence. This newfound confidence can positively impact your performance at your full-time job, enabling you to take on more significant challenges and leadership roles. Financial Flexibility: A successful side business can provide additional income, reducing financial stress. With less worry about finances, you can focus more on excelling in your full-time role. Job Security: Having a side gig can also act as a safety net, providing an additional stream of income in case of job loss. This security can make you more confident and assertive in your primary role, knowing you have a backup plan. Employers often value employees who demonstrate initiative and entrepreneurial spirit. As long as your side gig does not interfere with your primary job duties or create a conflict of interest, many employers see it as a positive attribute. It shows that you are proactive, motivated, and capable of managing multiple responsibilities effectively. Balancing a side gig with a full-time job may seem challenging, but the benefits can be substantial. Instead of viewing it as a distraction, see it as a way to enhance your skills, broaden your network, and increase your overall career satisfaction. #Entrepreneurship #CareerGrowth #SkillDevelopment #TimeManagement #Creativity #Networking #Confidence #FinancialSecurity

Frustrated by the lack of response from employers after applying for multiple jobs? You're not alone. Many individuals turn to entrepreneurship due to limited opportunities and the perceived indifference of HR departments in larger corporations. It's disheartening when efforts go unnoticed. #jobsearch #entrepreneurship #HR

One more phenomenon that has divided all popular social media platforms is the overnight success of small business owners like Dolly Chaiwala, Vada Pav Girl, etc. There are many who are deriving inspiration from them, while there are many who are fiercely criticizing them calling their success a fluke and advising everyone to stick to their corporate jobs. People in support of corporate jobs are saying one must not compare the entry-level CTC with the revenue of small businesses, in the long run, jobs will always win and have added perks, which is a fair point. But I also feel they have gone a little overboard in criticizing the self-employment route. The reason I think is because growing up we were conditioned to get a good education and land a well-paying job. We were told that street vendors and small business owners are generally poor people who always struggle, don't get respect, and never work hard in their schooling days. But as I grew older I realized many of these small owners earn well. In fact, one of my friends and I calculated the revenue of the tea owner in our office and a conservative approach also estimated his profit to be 5x of our salary that time. Corporate jobs are also not the same for everyone, only a very few of us who have good degrees, and great entry points and switch wisely get to a good spot in the next 30 years. There are many who spent decades in corporate without much growth. I have seen people in their late 40s not even able to make money a software engineer with 5 years of work ex is making. Not everyone can be a business owner, it requires a great deal of patience, the ability to deal with uncertainty, and street smartness. There are many who never do well throughout but many scale up and create a fortune. Similarly, not everyone can do a job, it requires discipline, conformity, and intelligence to network and adapt with decision-makers to continuously grow. Also, you can be thrown out of your job at any time no matter which role you are doing. One has to choose their poison. The world is changing, neither a degree nor a business guarantees success or failure. #business #job #success #failure

Flirting with the idea of starting your own business? Feeling like you are cheating on your corporate job? You are not alone... Did you know that, according to a recent Gallup study, about 2/3 of employees are disengaged at their jobs? That means millions of people are showing up each day feeling unenthusiastic about their work, disconnected from their company’s mission, and ready to jump ship for the next opportunity. Why? Sure, leadership—or the lack of it—plays a role. But there’s also a growing desire for something corporate life often struggles to provide: freedom and flexibility . The rise of the gig economy tells a compelling story. Seventy percent of independent contractors say they’re doing it by choice, and a whopping 84% of freelancers report living their  preferred lifestyle . Of course, the gig life isn’t for everyone—it has its own challenges. But for many, it offers a sense of autonomy, alignment, and purpose that’s hard to ignore. So, what’s calling you? Stability or freedom? A steady paycheck or the chance to create your own path? Are you being witness to this trend in your environment? #newbusiness #freedom #dreambusiness #entrepreneur