Plan B Or Not Plan B? That Is The Question (For The Self-Employed)

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Is it a good idea to have a backup plan? You would think it was. But according to the latest science, it’s actually a bad idea. A recent study in Organizational Behavior wanted to find out it having a plan B helped or hindered. To the surprise of the authors, they found that people with plan B’s were less likely to be successful in their pursuits. Weird, right?

According to the authors, plan Bs “reduced psychological discomfort.” This, in turn, meant that they were less motivated to make plan A work. And as a result of that, they tended to be a lot more blase about their various business ventures. Think about it. Donald Trump aside, not many modern millionaires came from millionaire families. It wasn’t as if they could just go home to mom and dad if their business ventures didn’t pan out. They had to be a success, or they were on a ship that was sinking fast.

The problem with plan Bs is that they play to our natural human desire to avoid risk. We think about our grand plans for our lives on a regular basis, wishing that they would somehow just happen. But we continually execute our plan Bs because they seem less risky. We want plan A, but we do plan B: it’s sensible, right?

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The Fortunate Investor recently ran an article about the importance of having an emergency fund. The self-employed need funds that can tide them over, should their incomes fall dramatically. Emergency funds aren’t something many budding entrepreneurs have heard of. They’re either all in, or they don’t bother.

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But perhaps it’s this sort of thinking that gets entrepreneurs to the place where they end up in the modern world. Delving into the history of entrepreneurs and one uncovers a common theme. These people were always risk-takers and always doing things that could have gotten them into trouble with the law. Entrepreneurs, for instance, are way more likely to have taken illicit substances when they were young. And they’re also a lot more liable to have been caught playing truant. Entrepreneurs, therefore, are the sort of people who self-select into risk-taking. It’s something they’ve always loved, and they can’t imagine being without it. The business world to them is a kind of natural outlet for their risk-taking tendencies.

luck

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But there’s another problem that needs to be addressed here. Being successful is as much about luck as it is about business smarts. Some companies land a big contract, get lucky, and make a name for themselves from there. Other businesses have a great product but don’t get anywhere, perhaps because the timing is wrong. It all means that the self-employed are in a bit of a catch-22 situation. They should have a plan B because there’s no guarantee that they’ll make money. But if they have a plan B, they’re massively undermining their efforts to achieve their life goals. In its own way, it smacks of a Shakespearean tragedy. Plan B or not plan B? That is the question.

If You Want To Help People, Why Not Make A Career Out Of It?

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Having a goal behind your career is always a very promising way to start. It shows that you’re willing to work for something more than money. In common experience, that means you’re willing to really care about your job. If you want to get into a career about helping people, then that drive is absolutely needed. It’s a fine ambition and it’s one that can take you in a variety of directions. Here, we’re going to look at where it could lead you.

Health

If you’re talking about really helping those in need, then healthcare is definitely an industry you should be looking at. We’re not telling you to go and start a medical degree, there are ways that anyone can help out. A lot of health centres and hospitals are in just as much need of admin staff to be a helpful, guiding hand. You can get just as hands-on in helping if you’re a nurse as well. Check out things like nurses salary levels in your area, too. It can be quite a well-paid choice.

Fitness

We understand if you want to help people with their health, but hospital settings make you uneasy. If health is your life, then you could go about sharing your expertise. Gyms are always looking for fitness instructors and coaches to help people responsibly get in better shape. You might even want to start up your own consulting business.

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Beauty

The health of the mind and confidence is just as important to a well-adjusted life. The people who work in the beauty industry understand the true value of that. Courses and careers in makeup artistry and hairdressing offer a lot of chances to shine as a people-person. There are even more options out there like hair removal, tattoo removal, and skin resurfacing. People look to change how they look to address how they feel. Help them get that confidence they need.

Family

It’s not all about how people look and feel physically, either. If you’re good at dealing with difficult situations and difficult emotions, you might want to look deeper into their life. In particular, we’re talking about the role that mediators can play in family disputes. Dealing with divorces, custody and more can be quite emotionally taxing. But it pays to know that you’re helping a family solve disputes without letting it get it ugly.

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Business

Perhaps you want to help people succeed and see the best of their potential? Well, there’s a career for that, as well. Business consultants have played a role in helping employers shape up their company for years now. You need to be up to date on the area of consultancy you’re talking about. If you’re a social media whiz, then look at marketing. If you’re great at computers, look at their IT systems. Consultants are needed for just about every area of business.

People need help with just about every area of their lives you can imagine. By following any of these career paths, you could be that help they need.

 

The Health Risks Of The Office It’s Time To Stop Ignoring

No matter how simple or entirely un-dangerous a job might appear to be, there are always risks to one’s health. Naturally, employees want to protect their business from any threats. It’s just as important, or even more so, that they’re affording that same protection to their employees. After all, it is your legal duty to do so.

The most common of them all

In 2013, in the US alone, 229,190 people suffered slips, trips, and falls that took them out of work. 724 died. It’s a common risk, one that can often seem comical to witness, but it is serious. It’s also tremendously preventable. Keeping your employees safe is as simple as taking care of the work environment. Cleaning spills and marking wet spots as soon as they happen. Clearing walkways of any debris or items. Make sure your workers are trained in the proper treatment of walkways at all times.

 

The electrics

It’s less common but it more often leads to serious concern. Most businesses have some reliance on electricity. First, get your office tested and make sure all equipment is working as it should be. Avoid overloading plugs with extension cables and the like. If electrical equipment is faulty, don’t let anyone who doesn’t have the training try to fix it. If there’s a burning smell in the air or exposed wiring, get someone on it right away. Make sure you have RCD testing done once in awhile to make sure you’re preventing severe electrical shocks.

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Fires happen

The electrics can also be a common cause of fires. They’re just one of them, too. Paper, gasses, smoking, these are all risks that can bring a fire into any office. A lot of business owners follow the standard precautions of getting fire extinguishers, alarms and such as a matter of course. Yet when a fire happens, they might not even know which kind of fire extinguisher to use on the fire. Train everyone on fire safety regarding alarms and evacuation methods. Then appoint someone as a fire marshal and get them the qualification they need to handle the situation.

 

Wear and tear

Not every workplace injury is as dramatic as the ones mentioned above. Other niggling pains can develop into injuries if enough care isn’t given to working conditions. Some of the most common office health risks are caused simply by the posture and position of someone working. Carpal tunnel and repetitive strain injury can be serious conditions. They can also be caused by poor seats and tables as much as using a pneumatic drill. Getting ergonomic equipment and making sure people get space from their desks to stretch their legs is important. Otherwise, you could be causing them severe pain down the line.

In just about any office, all of these risks can be found. They can also be found in just about any industry, but each brings their own further risks. Heavy machinery, working from heights and such. Make sure you do the additional safety required of your business. These four points are common, but they’re just the start.