Connect with us

Business Entrepreneur

Making the office retreat experience less groan-inducing for your staff

(ENTREPRENEUR NEWS) No more awkward icebreakers, cheesy trust falls or awkward team pictures jumping like this atrocity.

Published

on

Building trust and community

Many leaders consider the company or team retreat a vital part of building their business.

bar
They view these gatherings as an opportunity to build trust and community among employees, and may also use retreats as meetings, with the premise that a change of scenery could lead to a change in thinking. Especially among startups, the employee retreat has become a kind of hallowed ground.

Make the most of your retreat

The downside of company retreats? A lot of staff think they’re a waste of time or an incursion on their personal lives. At the very least, employees have grown tired of summer camp-style icebreaker games and cliché ropes courses. With that in mind, those in leadership positions are being pushed to revolutionize the staff retreat if they plan to save it.

Luckily, for those determined to stay the course and take their team on a retreat, there are many options to choose from – and plenty of options outside the sitcom standbys.

Here are three ways you can take your business retreat up a few notches.

Give back to get more

Participating in community service events is one of the most rewarding ways to bring your team together while playing down the retreat format.

Depending on your team’s interests and preferences, you could be a fundraising group or sponsor for a major walkathon, participate in a Habitat For Humanity build together, or spend a day helping out at a community garden or urban cleanup.

This type of activity gives your retreat a focus while helping team members build memories together and get to know each other better in a low-pressure setting.

Try a change of scenery

If you are going to make your team travel to go on a retreat, make sure you’re not just replicating your current setting with a different zip code.

Holing up the team in a hotel’s conference suite isn’t likely to encourage revolutionary thinking or redefine the relationships between employees.

You need to make a more dramatic change.

Since many major companies are based in urban settings or suburban office parks, consider finding a nature-based retreat space. For example, the Art of Living Retreat Center offers a Hillside Hall that’s perfect for team meetings, featuring breakout rooms that are great for corporate planning meetings. What makes it different from your average conference room? The Hillside Hall is surrounded by thickets of trees and open to the sounds of breezes and bird songs, ensuring this won’t feel like just another meeting.

For those seeking a more low-key version of the nature retreat, another idea is to take a meditative walk. If you have a nearby nature preserve, that would be an easy place to do this. Giving your team a chance to slow down and reconnect with themselves, rather than with each other, can help them think more clearly and feel less stressed when they return to the office.

Be outrageous

Finally, if your team is really up for an adventure – and in startups where each new venture is about testing the limits, this may be the case – consider choosing an outrageous activity for your team retreat. At the top of the list is blindfolded driving, offered by the UK-based Teambuilding Company. Yes, that’s right. You can drive a car blindfolded… with the help of your coworkers.

As the company explains, the exercise is really about creative problem solving, but when you broach this activity, you team will either jump at the opportunity or think you’ve gone off the deep end. Either way, they’ll never forget the experience – and no verbal directions allowed!

No matter what you choose for your team retreat – if you choose to have one – the most important thing you can do to make it a success is define your goals. Are you hoping to come away with a five-year plan or is this retreat about breaking out of a communication rut?

Ultimately, it’s the aimless retreat that team members rebel against. Use everyone’s time wisely.

#RetreatRight

Larry Alton is an independent business consultant specializing in social media trends, business, and entrepreneurship. When he's not consulting, glued to a headset, he's working on one of his many business projects. Follow him on Twitter and LinkedIn.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business Entrepreneur

Business pro tip: when pricing your product, think like a photographer

(ENTREPRENEUR NEWS) On of the growing pains associated with starting your own business is knowing how much to charge for goods and services. Use these helpful tips one photographer uses for pricing a photo and get the ball rolling!

Published

on

photo

More than a thousand words

A picture may say a thousand words, but a photo doesn’t just tell a story. A simple photo can be an excellent example on how to price your next business product.

bar
Photography blogger Sarah Petty wrote her method of pricing a simple 8×10 inch photograph for as advice for her fellow photography business owners. But her advice can actually be applied beyond the world of studios and darkrooms. Here’s how to think like a photographer whenever developing the cost of your next good or service.

Step One: Know thyself (and know thy client)

Your first step in knowing your next price for your next best selling item or service is knowing what type of business you run. This is solved by answering the simple question: are you a high volume seller with lower prices or lower volume seller with higher prices?

This question can be answered by looking at your sales for the past month. Are your trends indicating your customers prefer a more personalized, boutique approach to the things they purchase from you (with higher prices), or do you move a lot of product (with lower prices)?

When you understand what type of business sales trend you’re following, move onto step two.

Step Two: Understand your sunk costs.

A sunk, or fixed cost, is the price to manufacture or deliver a good that will not change (unless reacting to the market’s inflation). What is the basic core cost of manufacturing the product you intend to put in your store? That amount, your cost of goods sold (CGOS), is the baseline from which your ultimate price will come from. Now to step three.

Step Three: Look at your other overhead for producing your product.

So you know your CGOS, so all you do now is just add what money you want to make off that? Wrong. You’re forgetting that you’re not just making that product. You are maintaining a store or electronic storefront, you’ve got office space, human resource costs, and other things that may slip by whenever you’re trying to develop your price for your next big thing. This doesn’t mean you’re charging a customer a month’s rent for consultation fee, of course, but knowing that you’re going to need a comfortable cushion whenever figuring this product’s cost out. According to the federal Small Business Administration you should allocate a portion of the profit “to each service performed or product produced” and this cost should be calculated annually. Finished, now to step four.

Step Four: Profit!

Finally, after factoring your CGOS and your overhead, now you can decide what you want to make by selling. Petty personally uses the approximation of making 4 or 5 times her CGOS plus her overhead per item. Whatever the ultimate cost is, it has to be able to lend you the ability to live comfortably in order for you to be able to manufacture more in the future.

The next time you have to develop a price for a new product, don’t forget to step into the world of photography for awhile. You’ll be saying cheese all the way to the bank.

#KnowYourPrice

Continue Reading

Business Entrepreneur

The pros and cons of listing hobbies and interests on your resume

(BUSINESS ENTREPRENEUR) All resumes are not created equal but they should all follow the same rule of thumb when it comes to listing hobbies and interests.

Published

on

recruiters resume hobbies

Relevancy matters

An “Interests or Hobbies” section of a resume is often a question of debate for job seekers. In general the consensus is clear: interests and hobbies are okay – if they are relevant.

bar
An interest or hobby section can help round you out as a candidate, and can help you standout, but it can also come with some costs. Let’s weigh some of those pro/cons.

Advantages

  • They help distinguish you from other applicants. Especially in applicant pools where the qualifications are similar – this can help you standout and make you unique in the applicant pool.
  • They create talking points for interviewers – and can help humanize you. They give places to start up conversation and generate positive “buzz” about you with the hiring manager.
  • They show-well roundedness and versatility – often hobbies or interests can indicate skills that are transferrable or represent growth potential.
  • Can give indications of fit and alignment with company culture – and can indicate how you will mesh with a team.
  • Express desirable traits like dedication, persistence, and passion.

Disadvantages

  • They pigeonhole you – they may cause an employer to limit how they think you will fit in with the team.
  • They could indicate things that are distracting – so for example, if you list “traveling”, your employer may worry that you plan on vacationing a lot or may be unavailable.
  • Expressing too much interests may trigger to employers that you don’t have enough balance, or that you have priorities that may conflict with work.
  • Expressing involvement with organizations that run counter to the organization you are applying for may eliminate you as a candidate.

Think before you list

Although weighing the pros and cons are important, there are a couple of things to ask yourself BEFORE you list an interest. Consider going through the following questions:

1. Is it relevant? While it is ok to list one or two side hobbies or interests, most of what you list should be relevant to the job you are applying for – blogging for tech if you are applying for IT, or leading a volunteer team if you are applying for a manager position. Don’t throw around random information in an attempt to fill space.

2. Is it controversial? In general, be wary about listing political associations, or membership in controversial issue groups – gun rights, abortion, immigration, etc. (Of course, if you are applying for a position that is political in nature, be careful about listing involvement in organizations that are politically to what you are doing!)

3. Is it dangerous? Probably best to not mention you engage in UFC fighting, real sword play, live action jousting, base jumping, etc. You don’t want employers to think you are expensive to insure, or worse, may not come to work alive one day.

Least important goes at the end

When including this material in your resume, be sure to consider how you present this information. Be brief – and do not list more than 2-3 interests that you can clearly connect to the job. Place them at the end of the resume – so you don’t fight with more important content like experience or education that hiring manager MUST see. Label the section correctly – consider “activities and interests”, “areas of interest”, or “other” depending on all the information you are listing. Key point – keep it brief, avoid irrelevant fluff, and indicate interests to stand out, not push yourself out.

#HobbiesNInterests

Continue Reading

Business Entrepreneur

How to determine your freelance rates based on data, not your gut

(ENTREPRENEUR NEWS) Setting freelancer rates can be quite the tricky business. This tool does arms you with the data you need to grow your business

Published

on

freelance rates

The bulk of my professional career has been spent as a freelancer. The designation of “freelancer” has taken me on an interesting path that allowed for projects and opportunities I didn’t even know existed.

While I’m grateful for each and every opportunity, I now look back on some of these experiences and realize that I was vastly underpaid. For the most part, this is my fault as someone paying for a service is looking for the lowest possible rate and I never bothered to bargain out of fear of losing the role.

It was even at a point where I dreaded being asked my hourly rate because I didn’t know what the norm was. There was always a fear of charging too much and getting dropped for someone cheaper, or charging too little and looking inexperienced.

We recently talked about knowing your worth and how we freelancers often under charge for our services. Luckily, as this career path becomes more and more popular, there are now more resources devoted to helping us know what to charge.

Such a resource comes in the form of Freelance Rates Explorer. Created by Bonsai, this online tool gives users the ability explore rates from 40,000 freelancers worldwide.

“There are many sites like Glassdoor that offer salary data comparisons for full time employees,” said the tool’s developers. “However, there isn’t a site like this dedicated to provide insights on freelancers rates. We had this data, so we built the Rate Explorer to make it easy for freelancers to compare their rates in the largest publicly available rates database on the Internet.”

In order to find the standard rate for their field, users will input their role (either development or design), their skills (full stack, front-end, back-end, DevOps, iOS, and Android), experience (in years), and location. The Rate Explorer then generates a bar graph based on the answers and will show the most common hourly rates based on the number of freelancers and the rates range.

Bonsai also offers proposals, contracts, time tracking, invoicing and payments, and reporting. All of this is designed for freelancers.

As for the Rates Explorer, seeing the numbers calculated right in front of you may make you realize that you’re vastly underselling yourself.

Continue Reading

Emerging Stories