The Secret Reason You Want Women in Top Leadership and Executive Positions in Your Company
When it comes to business, everyone from the entrepreneur to big corporates needs to listen up and take note of this interesting development in the business world. Although the number of women in executive roles in companies is often limited to a single-digit percentage, studies are increasingly proving that if companies want to increase their profit, they need to rethink their strategy on gender diversity within the company.
Why it’s important to have gender diversity in your company.
In January 2018, McKinsey & Company published their 42-page report Delivering through Diversity on their findings with regards to valuable aspects of this very topic. They found that “Companies in the top-quartile for gender diversity on their executive teams were 21% more likely to have above-average profitability than companies in the fourth quartile.”
I don’t know about you, but this statistic really had me sitting up straight. So often we as women don’t even realize the importance of our contribution to the business environment. We often focus so extensively on get the job done despite facing challenges, raising families and contributing to our communities that we undervalue ourselves. I, of course, am of the opinion, that if we don’t know and acknowledge our worth first, no one else will.
Personal challenges women face that are featuring in executive leadership roles globally
It goes without saying that featuring in these executive roles brings challenges of their own for these successful women. Just like a normal wife and mother she has duties to fulfil that lie outside her corporate duties. The reality is that their male counterparts, especially those without children rarely understand the extreme stress and challenges these women face and they rarely have empathy for women in these situations.
What type of support do they need?
It doesn’t need to limit women’s opportunities to excel in the business environment. As women, we can support each other to better achieve our individual goals. Handling personal finances, paying bills, diary management, travel arrangements, event planning, holiday itineraries, the list goes on… The fun part for me is knowing that there’s always a solution for these types of challenges. And no, it’s not a personal assistant, but rather a Virtual Assistant. Both may have similar skillsets but there’s a fundamental difference between a personal assistant and a Virtual Assistant. That difference is mindset! A personal assistant is invaluable but has the mindset of an employee. The right Virtual Assistant is an entrepreneur in her own right, so she already has a growth mindset, a get the job done attitude. A no-excuses mentality. She is focused on results!
It’s so important for us as women to empower each other the reach our goals and dreams. It’s within our grasp if we support each other. There’s no shame in getting help. We don’t have to do everything ourselves. We just need to know where to get the right assistance. As mothers and wives, we often face this tremendous guilt when it comes to our jobs and families. We are always spreading ourselves too thin. Feeling guilty if we need to take time away from work to spend with our children or families. Even taking your child for a dental appointment can seem like a mountain.
My suggestion? Get that trusted support that will free up your time so you can focus on the quality events in your family, children and work. Value yourself and your loved ones enough to let go of some things.
Let’s celebrate each other’s strengths and support each other’s weaknesses. Together there are no limits to what we can accomplish!
3 Tips to kick the mid-year slump’s butt!
It’s mid year and you’re looking back at what you’ve accomplished so far… Disappointed? Don’t fret you still have another few months to get it right! Yeah mid year slump is such a real thing for me. You hoped that you would be a little bit further along the line by now but hey, sometimes things don’t always go as planned so stop beating yourself up about it!
Luckily I’m bringing you a couple of tips to pick yourself back up and keep pushing, maybe you’ll be able to accomplish that goal after all 😉
Re-align your goals
We are prone to make a ton of goals at the beginning of a year but sometimes you need to step back and ask yourself if those goals really still resonate with where you’re going in life/career/relationships etc. If you’ve written down your goals a couple of months ago, sit down and ask yourself if you really need to have accomplished them by the end of the year. What’s happened from then until now, what have you achieved? Re-structure so your goals align with the vision you have for yourself as we’re coming into the last part of this year.
Don’t be too hard on yourself
Let’s face it, life happens… I didn’t know I’ll be moving this year, it just crept up on me and bam! I still haven’t launched a course I was creating because I had to take some spare time to pack up and move my life. Sometimes unexpected things in life throws you off course, don’t worry you are awesome enough to pick yourself back up and climb back on the right path.
I’m a sucker for planning, although I never seem to plan a time to plan… Hmmm hope that makes sense? What went wrong in the first half of this year that prevented you from being where you wanted to be mid year? How can you improve/change your circumstances so the same thing doesn’t happen with your newly planned goals? You can only improve if you admit where you could’ve done better. Being healthier is always a big one for me. So instead of just winging it with the knowledge you thought you had, maybe plan a couple of meals ahead so you’re sure you’re making the right choices.
Most people do not reach their goals in the time span they planned to reach it. Have you ever wondered why? Because life happens. It’s sad but true. The best you can do is pick up and keep on keeping on. Being sad about your situation won’t help you one bit. But if you realize what went wrong and how to counter it, you’re well on your way.
If you have reached the goals you set for mid-year then CONGRATS! The gratification of reaching a milestone that you’ve set for yourself is unmatched. Keep doing what you’re doing and this year will turn out to be one of your most successful yet. If you haven’t, just remember when life gives you LEMONS make LEMONADE!
Get Your Goals Done With this Mid-Year Check-In
Goal setting is essential to living a life with purpose and meaning. Goals give our lives direction and focus, and help us stay motivated.
Nearly everything in life revolves around goals, they encompass all of our plans for the future, all of our hopes, dreams and visions for what we want in life. And yet we often fail to reach our goals. That’s because we’re all human and can be easily distracted.
Avoid the Mid-Year Slump
Maybe you’ve been powering through and are making great progress toward your goals. If so, that’s great! Take a look back and enjoy seeing what you’ve accomplished. At this point, the danger is letting complacency set in. You want to keep moving forward and avoid that mid-year slump that can derail your progress for the remaining half of the year.
Check In to Reach Your Goals
Checking in on your goals might show you progress you didn’t know you’d made, that’s always encouraging. Checking in can also give you some insight about how you need to change your goals.
How to Check In
Go back to your goal list (if you’re pursuing more than one) or your goal description.
Ask yourself, where did I start? Where am I now? The point is not to berate yourself, it’s to accurately assess your rate of progress, the obstacles encountered, and to determine how you can keep going and even improve for the rest of the year.
Set some markers for progress, one every two to four weeks, and check in when you reach each marker. A little at a time adds up to a lot, and you’ve got five more months in this year to get things done.
Evaluating your progress is like drawing up a roadmap for the year. You can’t get back on track if you don’t even know where the track is or if it leads to where you want to go.
Have you ever set a goal at the beginning of the year only to realize you don’t care about it just a few months later?
That’s why evaluating your progress isn’t just about making sure you’re working hard on your goals, it’s about making sure your goals still work for you.
Ask yourself why you want to accomplish each goal. If you don’t have a good enough answer, it’s time to say goodbye.
- What are my achievements?
- What are my struggles?
- What is the next step?
Using these three questions to work your way through your goals for the rest of the year, really gives you the opportunity for a reset. I urge you to physically write the answers to these questions down, and not just think of the answers, you will find if you can be honest with yourself and write out your struggles, you will be more likely to pinpoint the steps needed to achieve your goals.
It is important to not get defeated at this point. If there is a goal on your list that you haven’t even began to work towards, don’t put yourself down for it. Break the goal down into smaller, tangible goals. Try to give yourself the grace you would give to someone else.
It is never too late to start again. Trust where you are in your journey and be honest with yourself and you will find a way to reach your goals.
SARS Implemented Changes – 3 Reasons You Need to Rethink Submitting Your Annual Personal Income Tax Return Today
This year SARS has not only updated their e-filing platform but also made some other notable announcements. Today we’re looking at what this means for the individual taxpayer and if these changes are something to be worried about. Let’s dig in!
In June this year SARS announced that if you (that would be all personal income taxpayers) earn less than R500,000 a year there would be no need to submit a tax return. This limit was set at R350,000 previously. While this sounded like an announcement to celebrate to most, there are hidden implications that few have thought of when they started celebrating not having to submit returns to SARS anymore. Now it also needs to be said that there are conditions attached to this announcement and this was the first bit of crucial information that I saw neglected as people started sharing this announcement in great celebratory fashion on social media. I had a distinct “uh oh” moment when I saw the comments of course, with total disregards for the conditions accompanying this announcement!
3 Possible Implications
At the moment, there are five possible implications that could be highlighted as concerns. So, why would not submitting a return this year get you into hot water later or have you pulling your hair out?
#1 An unbroken record
If you have been submitting returns for the last few years, you are already in the routine of submitting your returns. So why not continue to do so? Yes, I know you hate dealing with SARS! To tell you the truth very few people find it enjoyable, do they? The thing is, up to date you’ve had an unbroken record, don’t you think it’s worth it to keep it that way? What will happen if SARS suddenly changes their minds…AGAIN? And now you have to suddenly run around, compiling docs because you slacked off with your filing… No, that’s not for me!
#2 Need a Tax Clearance Certificate?
You might need one you. Why? To borrow money! Should there ever be a need for you to borrow money of a long term nature i.e. a mortgage for a property, you will usually be requested to provide a TCC (Tax Clearance Certificate) which can only be obtained if ALL returns are submitted and up to date with no outstanding payments, penalties or interest of course.
#3 You won’t get your refund
I left the most meaningful one (to me and of course all sole proprietors like me) for last. If you have been bargaining on that refund cause you overpaid on tax you won’t receive one cent if you don’ submit that return.
I hope you found this blog informative! Remember if you have any concerns or specific queries please do contact your registered tax practitioner with your questions. Make sure you are informed. Everything isn’t as black and white as it seems. With SARS in any case!
Why Successful Entrepreneurs Choose Extra Help in Their Business
Nowadays, business owners are looking for supportive solutions for generating more profits. Entrepreneurs, who succeed in their business, perform two things very well:
- They proceed with business objectives strategically.
- They make utilization of the resources available and remain positive with the outcome.
As your business starts to grow, your workload starts increasing and at the end of the day, you think:
“How can I manage this pressure all on my own?”
If you analyse this situation well, you would understand that you need an alternative to hiring a full-time employee. So, what is the best option for you?
Seek help from a virtual assistant and achieve more than your expectations.
Wondering who are Virtual Assistants?
In the simplest sense of the term, virtual assistants are self-employed experts, who work for clients from a remote location. With specific skills sets, they can serve multiple clients and work on different projects. They work according to the specifications provided by the client and offer a wide range of affordable services. With their top-notch assistance, you’ll get things done easily and within the deadline.
So, Why Successful Entrepreneurs Choose Extra Help in Their Business?
VA’s push Business Growth:
You cannot work on all the tasks yourself. Having an “EXTRA HAND” on projects is essential to your business growth. COLLABORATION is a powerful tool that will take your business to the next level. Your business can flourish with strategic partnerships and shared interests.
Decreased Operational Costs:
By having a VA, you save expenses for office space, maintenance cost and additional expenses.
As a business owner, your important tasks can often get overshadowed due to your jam-packed schedule. In such circumstances, VA’s might come handy, as they can focus on several crucial tasks. VA’s can decrease your work-related stress, and help you keep everything organized. They make sure that these tasks get completed within the stipulated time frame.
Focus on The Core Operations:
As an entrepreneur, you need more time to focus on your core business functions. On the other hand, not everything requires your direct attention. You can manage it all by simply asking your VA to take care of your routine tasks. They would provide personal as well as administrative support, providing you with more time to focus on the most crucial aspects.
“Every successful entrepreneur knows that his or her achievement depends on a community of persons working together”– Paul Ryan