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How to revamp an overly long job hunt

(BUSINESS) If you’ve been on the job hunt for weeks or months, we know that can be extremely frustrating – the best way out of the rut is to revamp your efforts.

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The job hunt can be an extensive and exhausting process. However, to make it suck a little less, try and change your thinking to make it more of a learning and growth experience, rather than an end-all-be-all hunt.

As you know, the basics of the job search can be broken down into: resume, cover letter, skills, and networking. Adjusting your view on each of these aspects can change the course of your search.

Your resume and cover letter will most likely be the first impression an employer receives from you. Make it stand out. That’s a vague statement, yes. But, putting in just a little bit more effort with your cover letter and resume will make a huge difference.

Tailor each resume and cover letter to fit the exact position you’re applying for. Read the position description in depth, research the company history and culture, and review the company’s social media.

All of this digging can be used as fodder for the content of your cover letter. It can also help your resume as you can make an appropriate list of skills. Also, if the company’s website shows a value on education and volunteering, you can know to expand on those sections within your resume.

Speaking of volunteering, use the free time you have during your job search to volunteer. Not only is it beneficial for those you’re helping, but it will also give you purpose and expand on your skill set – therefore, helping your resume in the process.

With this in mind, you can also fill your free time by taking an online class to enhance your skill set. This also has the potential of setting you apart from the competition.

Lastly, use your free time for networking. Do some research via LinkedIn and find someone who has a position similar to what you’re looking for and ask them for some advice.

While you’re at it, seek out people in your circle and ask them about their career paths. You’ll come to see that the “path” is not always a straight line, and many people have been in your shoes.

Which brings us to the defeating part of job hunting – the word “no”. The hardest part to deal with is repeated rejection.

When you’re searching high and low for the perfect fit, you begin thinking that it must come so easily to everyone else and it must be something you’re doing wrong. Unless you’re an ex-con who consistently no shows to work, this probably isn’t the case.

This may be difficult to keep in mind, but it’s important to remember that the rejection may not be at all personal. There may have been some changes within the company where they decided to go another way for whatever reason, having nothing to do with you.

If you’d really like to know, you could always try to follow up with the interviewer and ask what you can learn from the experience. Learning is one of the most valuable parts of job searching, as it can lead to growth.

Expand your search options and step outside of your comfort zone. Just because you had the position of accountant at your last job, does not mean that is the road you must follow. Take this time to think about your strengths and interests and how you would like to infuse those with your 9-to-5.

Throughout this process, you may have the desire (more than once) to give up. Try switching up rather than giving up – start from the beginning and re-groom your resume (consider hiring a resume writing service) and re-apply to roles at companies you never heard back from.

Change is scary – I will never argue that. But one last ditch option is to broaden your horizons and consider changing your career path can be the greatest choice you’ve ever made.

Staff Writer, Taylor Leddin is a publicist and freelance writer for a number of national outlets. She was featured on Thrive Global as a successful woman in journalism, and is the editor-in-chief of The Tidbit. Taylor resides in Chicago and has a Bachelor in Communication Studies from Illinois State University.

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Keep your company’s operations lean by following these proven strategies

(BUSINESS) Keeping your operations lean means more than saving money, it means accomplishing more in less time.

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The past two years have been challenging, not just economically, but also politically and socially as well. While it would be nice to think that things are looking up, in reality, the problems never end. Taking a minimalist approach to your business, AKA keeping it lean, can help you weather the future to be more successful.

Here are some tips to help you trim the fat without putting profits above people.

Automate processes

Artificial intelligence frees up human resources. AI can manage many routine elements of your business, giving your team time to focus on important tasks that can’t be delegated to machines. This challenges your top performers to function at higher levels, which can only benefit your business.

Consider remote working

Whether you rent or own your property, it’s expensive to keep an office open. As we learned in the pandemic, many jobs can be done just as effectively from home as the workplace. Going remote can save you money, even if you help your team outfit their home office for safety and efficiency.

In today’s world, many are opting to completely shutter office doors, but you may be able to save money by using less space or renting out some of your office space.

Review your systems to find the fat

As your business grows (or downsizes), your systems need to change to fit how you work. Are there places where you can save money? If you’re ordering more, you may be able to ask vendors for discounts. Look for ways to bring down costs.

Talk to your team about where their workflow suffers and find solutions. An annual review through your budget with an eye on saving money can help you find those wasted dollars.

Find the balance

Operating lean doesn’t mean just saving money. It can also mean that you look at your time when deciding to pay for services. The point is to be as efficient as possible with your resources and systems, while maintaining customer service and safety. When you operate in a lean way, it sets your business up for success.

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How to apply to be on a Board of Directors

(BUSINESS) What do you need to think about and explore if you want to apply for a Board of Directors? Here’s a quick rundown of what, why, and when.

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What?
What does a Board of Directors do? Investopedia explains “A board of directors (B of D) is an elected group of individuals that represent shareholders. The board is a governing body that typically meets at regular intervals to set policies for corporate management and oversight. Every public company must have a board of directors. Some private and nonprofit organizations also have a board of directors.”

Why?
It is time to have a diverse representation of thoughts, values and insights from intelligently minded people that can give you the intel you need to move forward – as they don’t have quite the same vested interests as you.

We have become the nation that works like a machine. Day in and day out we are consumed by our work (and have easy access to it with our smartphones). We do volunteer and participate in extra-curricular activities, but it’s possible that many of us have never understood or considered joining a Board of Directors. There’s a new wave of Gen Xers and Millennials that have plenty of years of life and work experience + insights that this might be the time to resurrect (or invigorate) interest.

Harvard Business Review shared a great article about identifying the FIVE key areas you would want to consider growing your knowledge if you want to join a board:

1. Financial – You need to be able to speak in numbers.
2. Strategic – You want to be able to speak to how to be strategic even if you know the numbers.
3. Relational – This is where communication is key – understanding what you want to share with others and what they are sharing with you. This is very different than being on the Operational side of things.
4. Role – You must be able to be clear and add value in your time allotted – and know where you especially add value from your skills, experiences and strengths.
5. Cultural – You must contribute the feeling that Executives can come forward to seek advice even if things aren’t going well and create that culture of collaboration.

As Charlotte Valeur, a Danish-born former investment banker who has chaired three international companies and now leads the UK’s Institute of Directors, says, “We need to help new participants from under-represented groups to develop the confidence of working on boards and to come to know that” – while boardroom capital does take effort to build – “this is not rocket science.

When?
NOW! The time is now for all of us to get involved in helping to create a brighter future for organizations and businesses that we care about (including if they are our own business – you may want to create a Board of Directors).

The Harvard Business Review gave great explanations of the need to diversify those that have been on the Boards to continue to strive to better represent our population as a whole. Are you ready to take on this challenge? We need you.

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Business News

Average age of successful startup founders is 45, but stop stereotyping

(BUSINESS) Our culture glorifies (yet condemns?) startup founders as rich 20-somethings in hoodies, but some are a totally different type.

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There’s a common misconception that startups are riddled with semi-nerdy, 20-something white dudes who do nothing but sip Nitro Brews and walk around the open office showing off the hoodie they wore yesterday. It turns out that it’s extremely rare that startup offices resemble The Social Network.

However, the academic backdrop for the real social network story (AKA Harvard), produced statistics that will serve to put the aforementioned misconception to rest. According to the Harvard Business Review, the average age of people who founded the highest-growth startups is 45. Say what?! A full-fledged adult?!

In fact, aside from the age category of 60 and over, ages 29 and younger were the smallest group of founders that are responsible for heading the highest-growth startups. I guess you can accomplish a lot when you’re not riding around the office on a scooter all day.

The study also found that older entrepreneurs are more likely to succeed. The probability of extreme startup success rises with age, at least until the late 50s. It was found that work experience plays an important role.

Many will argue, “Well, what about someone like Steve Jobs?” You could easily argue right back that it took Jobs until the age of 52 to create Apple’s most profitable product – the iPhone.

The study continues to answer questions like, why do Venture Capitalist investors bet on young founders? This goes back to the misconception at the start, and there’s a notion that youth is the key for successful entrepreneurship. Wrong.

There is also the idea that younger entrepreneurs are likely working with less financial options, so it may be common for them to take something from a VC at a lower price. As a result, they could be viewed as more of a bargain than older founders.

“The next step for researchers is to explore what exactly explains the advantage of middle-aged founders,” writes Pierre Azoulay, et al. “For example, is it due to greater access to financial resources, deeper social networks, or certain forms of experience? In the meantime, it appears that advancing age is a powerful feature, not a bug, for starting the most successful firms.”

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