Having Financial Freedom And Being Realistic

StrategyDriven Practices for Professionals Article |Financial Freedom|Having Financial Freedom And Being RealisticThis year has certainly not been one that has gone to plan for so many. You may have had good intentions and goals, especially when it came to your finances, but found yourself in a situation where you have struggled with less pay or no work at all. You are not alone. But as we come out of this difficult period it could be a good idea to make your finances a priority. It might mean selling and buying a new home, paying off debts, for example. It may even be to increase your savings or be a little smarter with your financial purchases. Whatever your goal may be, there can be actionable steps you can take now to help you achieve the goal. Here are some of the things to consider.

Take a look at your current situation

First of all, no matter what financial goal you will have in mind, you need to start looking at your current situation and address where you need to make some changes. Many people won’t scrutinize their bank statement, but by doing this now, you could highlight and be more aware of exactly how much you are spending each month. If you want to get serious an online financial planning tool can help you with all sorts of things to do with your finances. You may even identify rogue direct debit payments you thought had been canceling still leaving your bank account. It does happen. Take the time to note down all of your outgoings versus what you have coming in, and you will be truly aware of where you stand, ready to make some changes for the year ahead.

Monitor your credit report so that you can actively make changes

The next thing you might want to think about is your current financial history regarding credit and your current score. This will be especially important if you plan on any financial applications soon such as a mortgage. You may want to look into your report on credit reference agencies so that you have a true idea of what is going on behind the scenes. You may want to know what your score is now, and then look at ways you can improve it. This could be focusing on paying off debts or ensuring that all details on your credit file are correct. It saves a lot of messing around when the time comes to apply.

Start looking at ways to save

Saving may be a goal you have specifically, or it may form part of a bigger plan like eventually owning your home. So looking at ways to save could be a great starting point from now to help you build them up. It could be that you can save a set amount each month, which is great. Setting up a standing order into a separate account for this amount will help you build up that savings amount. However, you could look at other savings you can make every day and add to the pot as and when you can. This might be using cashback sites with everyday spending, or even thinking about things like saving on food shopping and sending the different you save over to your savings account. The more you find ways to save, the faster it will rise.

By setting yourself clear targets, and taking actionable steps now, you will be able to hit the ground running for the rest of this year.

Departmental Culture Tribes Can Be Great Motivators

StrategyDriven Corporate Cultures Article |Departmental Culture|Departmental Culture Tribes Can Be Great MotivatorsDepartmental cultures are a big thing and always have been. The strange thing is, they don’t often get talked about openly among leaders in public. However, they are talked about and encouraged behind closed doors. It’s kind of like the armed forces. The best generals all throughout history, have fanned the flames of internal rivalries in their units. If you don’t have departments vying to be better than each other, how will their fare when it comes to trying to beat the competition? Hence why good business leaders will always encourage their workforce to have cultures that symbolize their skills, abilities, and way of doing things. Department cultures can be extremely motivating, becomes a brotherhood can develop among peers who are in the same company, the same department, have the same background and are trying to achieve the same goals.

Why they exist

Departmental cultures exist because we all come from different backgrounds. The marketing professionals in your business, don’t think the same as the risk department. Although they’re on the same team, they talk differently, use specific language and if you really get down to the human psyche, they even dress in a similar fashion. The reason why departmental cultures exist is that we all come from different houses or schools. The school of economic thought is very different from the school of design. It’s kind of like a task force mentality. You’re all going to work better when you feel like you belong. And not just having but being a part of their specific culture helps many employees feel like they are in the right place.

Marking their patch

You don’t want your departments to set up boundaries because you’re all on the same team at the end of the day. But you do want to create ‘checkpoints’. These are not physical barriers or borders, but they’re subtle hints that you’ve entered a different part of town. For example, the spaces that you have allocated to your departments in the office, should have their own distinct vibe and look. You can stick custom made morale patches around the room where the different departments begin and end. For example, a custom patch might be of an artist that the design employees look up to. For the risk department, you might have an owl because they watch over everything. You might also want to have a flag of a nation that represents the department such as the sales department for your Asian partners, etc. These small things add up to the culture in a big way.

Showcase cross-departmental skills

Departments can work together to solve problems. In fact, in modern-day business, they have to. But you can encourage this further by playing a solving game. For example, the marketing team has a project for which they don’t know the risk. The risk department can work with them to analyze their specific goals and give them solutions as to what is possible. It can be completely made up scenarios, but when your employees are together in the room, they can see how each other work.

Departmental culture is vital to the life and soul of your business. Every employee should feel as if they belong. Not just in the wider business, but in a department that they can call home.