Tag: money

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Why stay in your job more than 2 years to get paid less?

Do you know that the longer you stay in a job the less you get paid?

Award glass plaque

http://www.forbes.com/sites/cameronkeng/2014/06/22/employees-that-stay-in-companies-longer-than-2-years-get-paid-50-less/

We were brought up and told you  have to get a good education to get a good job. If you are a man this helps you support your family. If you are a woman this helps contribute to the  family’s budget.

Most people wanted a government job because it was easier and others opt for jobs in the private sector. The education system never hinted at having  your own business. Now job life is so stressful for some people that they want out. They want freedom to live a better life, freedom to have more time for family and do the things that they are really passionate about.

There are so many opportunities to have the life that we want, but we prefer to stick with the job, after all it provides security and do not forget the pension. So who said it was secure when everyday you hear of job cuts, even in the government and what about the pension, by the time you are ready to leave you can barely live on the pension.

Having your own business is not for everyone, someone has to do the work, but if, just if you have it in you to run your own business would you give it a shot?  I bet a lot of people would say no. You see we are people who like to stay with what we are familiar with. We afraid to go there, afraid to fail – what if something goes wrong? How am I going to live? How am I going to take care of my family?  I am accustom to getting paid whether I work or not. Little do we know that there are people who are their own bosses, no employees and do not have to worry about money. Check out these people below – they are their own boss, no employees and the money is flowing.

SVP on their TRIP

 

Which would you prefer the crystal plaque or the freedom to live the life that you want?  Need help to decide – email me – joseylifeline@gmail.com


Sacrificing time for money BP situation

If the Managers or Supervisors of BP Oil really did sacrifice time for money, this is not unique to them. In business you hear and see this happening quite often.

Some of us, love to take short cuts. We are quite aware that the company policy has a prescribed method for doing something, but we realize that if we are able to complete the job another way it would save time and money. So we make the decision. This is probable what happened with BP Oil.

Think about it, as a Manager or Supervisor how many times have you operated outside the box or outside the company’s policies, because you feel you can save time and make more money? If you were at BP Oil what would you have done?

In the heat of the moment the adrenalin is flowing, the customer is there demanding some type of service that is not covered by policy, or the guys are there in the field or on the rig waiting on you to give the go ahead.

Is there time to analyze, to play out various scenarios?
What are your options? What impact your decision will have?
Are their lives involved?
What if your decision is not the right one?
Did the Managers at BP Oil reflect on all this?

Making more money for the company will definitely make you look good, or even finishing the project before the scheduled time. If this turn out well, it may even provide you with a promotion. You can see yourself winning branch of the year or company of the year. What about Project of the year?

Sacrificing time for money does not always work. You may take a short cut and end up with more problems than if you had taken the long way out. We all know this, and I am sure it may have happened to you several times.

Sometimes after you make the decision you recognize that a key part of the transaction was not completed or a process in the project was bypass and this would cause problems with the entire project. So what is more valuable time or money and what was valuable to the Managers of BP Oil?

As a Manager, Supervisor or even if you have your own business it is always good to ensure that when making any decision more so those where you are sacrificing time for money, that you consider all aspects of the situation:

– Explore various options – the what ifs.
– Get feedback – as Managers and Supervisors we do not always have all the answers.
– Review the costs of your decision – financial and non-financial (people/image).
– Is this within your authority?
– Do you have a backup plan?

You must remember that you would be accountable for whatever decision you make as in the case of the BP Oil officers or Managers. You cannot hide once you are the Manager, Supervisor or Business Owner you must be prepared to deal with the consequences of your decisions.

I would love to hear your views about time and money and BP Oil decisions.

Make a decision:

Learn more: email – joseylifeline@gmail.com


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