Technology Trends Impacting Today’s CFO(Content Princess – SEO)

If you are a CFO (Chief Financial Officer), you may not be asking for change and disruption.  However, you need to be prepared for technology to play a significant role in the growing expectations of the job.  Surveys have indicated that executives feel better about finance when they can provide real – time data and consistently – updated predictions.  Cloud, In – Memory Computing, Big Data, Mobile and other technologies can make life easier for CFOs.  The Cloud ERP is a proven technology which is assisting big business to operate more successfully.

Technology Trends to Watch Out for in 2017

The Services Economy Will Be “The Economy” – In 2017 more than half of all businesses will be structured around services – connected revenues.  CFOs will become more occupied with customer approval, retention and rekindling.

Approximately 90% of companies will acquire more than half their profits from services.

CFOs Get Hands – On with Customer Involvement – Businesses are moving from product and solitary transaction sales to service and subscription models.  CFOs will be forced out of the back office and into ongoing customer – facing roles.  Successful software companies must provide tools that:

  • Merge billing sources.
  • Sustain and automate new revenue models.
  • Give end – to – end discernibility across the customer lifecycle.

Revenue Recognition Will Propel CFO Technology Implementation – CFOs will become more dependent on cloud technology to follow revenue recognition standards.  The IFRS15 and ASC606 standards will motivate the next move of technology improvements and encourage more businesses to move to the cloud.

Clever Assistants Move Out of the Echo Chamber – Strong artificial intelligence and voice recognition enable developers to develop systems that:

  • Test the position of project deliverables.
  • Manage reports.
  • Use simple voice commands to respond to business information.

Atlassian released a HipChat Alexa integration to allow developers to revert to code and tackle issues with websites using voice commands.

Evolution from Reactive to Proactive with the Cloud

Cloud ERP (Enterprise Resource Planning) assists companies to consume a computer source such as a virtual machine just like electricity. This negates the necessity of building and maintaining computing bases in – house.

The advantages of single based business platforms are:

  • Affordable and quick to implement.
  • Easy to manage and operate.
  • Sales scales to sustain future growth.
  • Adjustment to the firm needs
  • Data – rich with inbuilt business intelligence.
  • Provision of a united view for total visibility across the firm.

Cloud ERP provides a high return on investment. In a 2015 study, most companies reported an ROI of more than 150% after changing to the cloud which continues to mature.

Business in 2017 will go through significant changes, and CFOs who adapt will reap the rewards.  In – Memory Technology combines real – time actuals with budgeting and analysis in one integrated system.  Financial data is saved just once which makes almost every facet of commercial operations simpler, faster, more effective and cheaper. You will certainly experience the impact of technology trends which will make your job more enjoyable and improve the overall business prospects.

 

Primary Keyword – CFO

Secondary Keywords– Technology Trends, Cloud, Technology, In Memory Technology, Revenue Recognition, Businesses, Services Economy, Technology Implementation, Echo Chamber.

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Egyptian Startups are Disrupting the Traditional Economy(Content Princess)

Anyone who has travelled in Egypt is well aware of the problems that drivers face each time they get behind the wheel. One company is trying to alleviate some of the traffic congestion by inviting commuters and drivers to share the ride. The new mobile app is called Raye7 and is a carpooling app that is different in the respect that it focuses on the driver to invite the traveller to join them in the vehicle. This app won the second prize in a competition in Barcelona and is sure to beat the Cairo traffic.     

Fashion Week in New York City is not a match to the newcomers in the fashion business in Egypt. Many new and upcoming designers are partnering with technology firms to provide top fashion in an online format.  Of particular interest in the haute couture fashion arena is Nesma Helmy.  This young designer creates evening and bridal gowns along with a ready to wear component and her clothing line is affordable. If the fashion industry is going to change, Nesma Helmy has a great start in doing this with her startup of haute couture at an affordable price. Since most shoppers are women, this start-up proves to be very promising.

Fashion and traffic apps are just two of the innovations that are appearing on the Egyptian tech and entrepreneurial scene which is being helped by the many innovation centres that are beginning to fill the lives of so many 30 to 40’s in Egypt.  One of the promising incubator labs is at the American University in Cairo. They hosted a contest in January, and the winner was a technology company called, Ta2heal. This online service is needed as it uses technology to marry parents with autistic children or otherwise slow developing children to solutions for care. The service helps to suggest caregivers, specialists and many other helps for parents who are trying to navigate a terribly complicated space. A disruption in the current process is highly desirable, and as winners of the incubator award, Ta2heal has a good start on becoming a much sought after and highly successful venture.

If you are looking for love, the tech scene might be your first choice as Nahdet el Mahrousa offers the first incubator in the early stage of innovative social enterprises in the Middle East. One of the features of their service which is unique and exciting is that they offer to train social entrepreneurs with a focus on economic development. This service promises to activate and engage the young Egyptians to become social entrepreneurs and to design a workable social business plan.  A complete formalised curriculum is available to guide the young users through this process, and measuring sticks are available to assess the success of the program.

This year proves to be huge in the area of disruption to the Egyptian and Middle East standard of life. There are many companies ready to lead this avant-garde movement, and the number will only keep growing. Advancements in services, technology and retail will be on the forefront very soon as they are starting to become available.

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Wi-Fi THE NEW CENTER OF HOSPITALITY (Content Princess – SEO)

In a competitive business market, everyone wants to make a difference and offering free Wi-Fi is the latest trend.

Why offer free Wi-Fi?

Recently, the Wi-Fi revolution has taken the world by a storm, unlike the past few years. Today, restaurants of all types offer complimentary Wi-Fi to their patrons. It doesn’t have to be a restaurant alone but any industry.

The fundamental idea is understanding the benefits of offering the services. Providing a fast and reliable internet connection would be more advisable due to its advantages.

What are the benefits of free Wi-Fi to the customers?

Is there any real evidence of the advantages? Here is the answer. Here are some of the advantages;

  1. Security to the customers
  2. Nurtures community development
  3. Makes waiting time seem short

 Security to the customers

Room key cards have been replaced by facial recognition applications, therefore, increasing confidence among the customers. This has been made possible by fast internet connection.

Nurtures community developments

Free Wi-Fi access not only gives individual customers an excuse to stay around for your business but also provides reasons for groups to gather there and do something beneficial. The different groups might gather or frequently come into your store to have a free Wi-Fi access.

Makes wait time seem short

At a business where customers must wait for services, free Wi-Fi helps time fly. When clients are using Wi-Fi, they are less likely to be disappointed by time consumption in case a delay occurs.

Benefits of free Wi-Fi to businesses

Free Wi-Fi is certainly an added advantage to venue owners to attract new customers. Here are some advantages to the site owners;

  1. Email marketing.
  2. Promotion analysis.
  3. Increased spending.

Email marketing

Many companies specialise in offering free Wi-Fi through custom portals which provide their guests promotional information in exchange for their email address. The service does not only get you a new chance to promote your industry but offers the opportunity to send exclusive promotion code. You can also wish them happy holidays and simply thank them.

Promotion analysis

If there are no increased total receipts at your company, then you need to do something. Tracking your customers could be the only solution. When a promotion is done, more customers tend to come in, and this helps to identify whether there is progress in the total number of its clients.

Increased spending

When customers spend more time accessing Wi-Fi, the more is their spending. Research shows that clients spend 50% more time and some of them even said that it increased their spending.

Conclusion

A fast internet connection that is brought about by free Wi-Fi access does not only bring about the benefits to both the customers and the business but also helps in the management of the company. There are a lot of advantages in offering this kind of service and the probability of thrilling in your business is huge.

According to this article, some words may be of a guest author. The ISL keywords used are,

  1. Fast internet connections.
  2. Email marketing.
  3. Wi-Fi access.
  4. Reliability.
  5. Availability.
  6. Research.
  7. Customers.
  8. Benefits.
  9. Offerings.
  10. Promotion.
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Corporate Accelerators – Just How Effective Are They? (Content Princess – SEO)

First of all, let’s start out with what a corporate accelerator is. A corporate accelerator is a specific type of seed accelerator that is typically sponsored by a profit-centred corporate organisation. In the same way that seed accelerators do, corporate accelerators support startup companies while they struggle through their early stages. They often offer mentorship, capital and office space, to assist the startup companies during their launch period.

However, in contrast to the more regularly acquired programs, corporate accelerators usually derive their objectives from the organisation that they are sponsoring. Objectives which can include the desire to establish a funnel for venture capital investing or the wish to remain close to some emerging trends.

So, in short, a corporate accelerator is a tool which is supplied by large corporations and is utilised by smaller, startup companies who wish to grow their company at a faster rate than would be otherwise possible. Through the discovery of new technologies which can help to bring newer initiatives to the market at a much quicker rate.

So How Effective Are Corporate Accelerators?

The answer is very if they are dealt the right cards and choose to play them wisely.

One of the major turn-offs for newly-founded companies when coming across corporate accelerators is the investment side of things. The last thing that a new company wants to do is spend money straight away. Their attention is more centred around building a clientele and creating a unique product with excellent selling points. They’re already spending enough money on these things, so the idea of spending more makes them uneasy.

Though providers of corporate accelerators are aware of this side and have their ways around it, they offer startups a deal that they can’t refuse. Putting across terms that provide a win-win situation for both the involved parties. They make sure that the new business is aware that a corporate accelerator will not only lead to more depth in the market but will also help them accomplish the things that they wish to accomplish faster – things like building a clientele and driving traffic to their site.

Some corporates even offer free versions of their accelerator program by ensuring that startups are aware that no equity is taken from them at any stage, which is sure to rid of the fear of spending money and investing too much.

As well as being largely customer friendly, corporate accelerators are an immensely effective way of getting a startup off the ground. Many corporate’s motives for starting up an accelerator program is more often than not to do with staying relevant. Thus meaning that if the colossal scale corporation that is providing your accelerator manages to stay relevant, then your startup will have an increased chance of becoming relevant too – simply because of the sheer scale of the provider of the accelerator program.

So, all in all, corporate accelerators are an exceptionally good means for startup companies to get their feet off the ground. They are in a lot of cases free through free programs (and if you consider the profits made from such a small investment) and are also a much less stressful way of expanding a business in those rough, early stages. Thus making corporate accelerators highly effective in today’s market.

LSI Keywords:

Startup

Accelerators

Seeds

Corporation

Seed accelerator

Traffic

Program

Growth

Investment

Venture capital

Organisation

Sponsor

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Who Does the Corporate Accelerator Benefit Most? (Content Princess – SEO)

For the past few years corporate accelerators have been viewed as a way to help young entrepreneurs get their start in the corporate world, and for many, this is just what they did. However, along with helping the young start-up, the corporations found that they would benefit from time, money, and effort that were expended on these young people.  As expected, the corporations found that the accelerator brought forth a group of highly trained and disciplined work force that could add to the corporate ranks. Needless to say, corporations jumped on this idea and benefitted from the corporate accelerators.

An accelerator program often has a rental or lease component with it for the startup to enjoy space to perfect the company. However, when the leases were looked at realistically, these offered little to help the start up and much to help the corporation hosting the startup. For example, in New York, the average cost of low rent corporate space is about $12 per square foot. However under the guise of a corporate accelerator the contracted lease space rents to the start up for around $27 per square foot for a three to five-year lease.

The ability of the startup to receive and accept bids is often tied to the corporation also in that the bids must be reviewed by a governing body and of course cannot be a competitor of the corporate accelerator. Therefore this ensures that the corporate accelerator will have the first and foremost products of the startup and it will never reach the market for a competitor to benefit. If the startup is successful in obtaining a contract, the corporate host tends to benefit anywhere from 5% of the revenue to well over 25%.

It is necessary for the startup to weigh the benefits versus the cost of a corporate accelerator program. Obviously, the corporation is in it to make money but there are some gains that can be made for the startup that might not be had on their own. One great advantage is the networking and exposure that the corporate accelerator offers to the startup. Being able to be a part of the mix and day to day activities surrounding a thriving business offers the entrepreneurs a chance to mix and hone business social skills while learning from the best in the business.

Another advantage is that the young entrepreneurs are often offered positions in the corporation. While this might mean leaving the startup the opportunity with the corporation might be substantial enough to warrant this move. Often the startup is not going to be successful, so the opportunity to receive gainful employment is attractive.

So to answer the question asked in the title as to who benefits in an accelerator, the conclusion is that both sides benefit. Each side must know what the obligations are and by going into an accelerator program with eyes wide open, each side is positioned to benefit from the arrangement.

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The Advantages of Private Equity (Content Princess – SEO)

The benefits of private equity to your portfolio are varied and knowledge of these benefits is valuable to any investor.

Private equity comes with the potential for making discoveries of undervalued companies which would be very difficult to find in the public sphere due to the scrutiny that public companies are under. Public companies must publish details of their finances quarterly, allowing all investors to respond quickly to small changes in profits or losses.

While this leads to a very precise measurement of the valuation of the company, backed up by a multitude of personal valuations of share worth, this also makes it very difficult for individual investors benefit from the acquisition of undervalued assets. In private companies, the absence of the requirement for published financial data means that valuations are significantly more obscure, meaning that comprehensive research is rewarded when assessing the real value of a company.

By performing more extensive research on a company than competitors, individual potential shareholders can act on information which may not be available to competitors.

Public companies are under great pressure for shareholders to maintain profits, lest published financial data leads to a reduction in share value and the selling of assets by shareholders. This need for public companies to maintain short term profits underscores the advantage of private companies, who can afford to maintain a deficit in the short term if it means increased profits later.

This ability to maintain shareholder confidence despite lack of profits in the short term allows for significant opportunities to acquire assets which have been undervalued due to a short-term lack of profitability, even if long-term projections are strong.

Of the 27 million companies in the United States, less than 1% are public companies. However, many opportunities for building diverse and profitable portfolios exist in the private sector. Investing in the private sector allows investors to compliment the activities of public sector companies, generating increased profits through supply line facilitation, synergistic co-operation or addressing market gaps which would be too unwieldy for the more restricted public companies to capitalise on. Also, investment in private equity is a means by which risk can be avoided.

The reduced level of scrutiny which private companies are under means that they can make decisions much more quickly than a public company can. This brings numerous benefits for several reasons. These include the fact that global marketplaces change often, with competitors attempting to be the first to respond to changes. Companies must be able to respond quickly to these changes in the market to stay competitive.

By removing the obstacle of being subject to the scrutiny of a greater number of shareholders, private companies can respond to changes in demand more quickly than a public company can, benefiting both consumers and shareholders.

Reduced levels of scrutiny mean that private companies are much easier to influence when it comes to the decision-making process. Public companies are managed by boards of directors who may or may not take into consideration the views of individual shareholders. On the other hand, Private companies usually display a greater likelihood for shareholders to influence the direction of the company, allowing you more freedom to make your perspectives and contributions known.

There are likely to be many other advantages to private equity not mentioned above, including the ability to support causes which have personal significance to the investor.

Keywords

benefits of private equity, Private equity, undervalued companies, public companies, undervalued assets, shareholders, shareholder confidence, acquire assets, diverse and profitable portfolios, private sector, public sector companies, private companies

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Watch Your Funds Grow (Content Princess – SEO)

In today’s world of a strong financial market, many are questioning if wealth is added to a portfolio by investing higher rates of private equity funds. Many investors and CFP’s are looking to these private equity funds as an additive to portfolio and in the past much care has been taken to preserve the mutual fund mix as opposed to these funds. The size of the mutual fund market always made it the most attractive portfolio base. There are some groups such as the Pensioners Fund that restrict a number of private equity funds to less than 10% of the mix in the portfolio. But perhaps in the current environment, the reliability of these funds has proven that private equity assets are a good fit into a profitable portfolio.

There are many investment strategies used with private equity funds in portfolio management. One strategy that is most effective is a hybrid strategy which allows for about a 25% private equity allocation and the remaining 75% comprised of mature funds investment. This combination assurance is a hedge against any area of non-performance while assuring the private equity strong returns. For many CFP’S this hybrid combination is safe, conservative and functions well for most portfolios.

There are some that prefer a higher rate of private equity funds. The high entry barriers have to be overcome to have a higher rate of private equity funds in the portfolio. The investment threshold for the private equity fund has been raised to $10 million which makes it substantially more attractive to the investor and so they are opting for higher rates of private equity and mutual funds ration.

The private equity managers are looking to help the investors such as the 401K and the IRA accounts into a greater proportion in the assets class of private equity funds. When the investor wishes for greater private equity options, they are looking at the goal of either going for long-term growth rate or wanting a high yield in the portfolio. The answer to this is usually brought to a private equity multi manager. Firms that use high rates of private equity have a group of funds that they are most likely to recommend. The managers explore the value of many companies to determine their viability and growth potential so that these managers are the most prepared to point out the pluses and the minuses of the various private equity firms for portfolio inclusion. Again depending on the end result desired by the investor, different private equity firms may be recommended.

There may be an extra fee for including certain private equity firms in a portfolio depending on how much research is involved into the company before it is recommended as stable assets. Some firms do not pass this fee to their clients but consider a due diligence service.  Everyone knows that the research only offers a suggestion, but it is an informed guess as are so many other suggestions in the world of finance. The financial climate does appear attractive to include private equity funds at a rate that is comfortable for the investor about their investment goals.

 

Keywords: private equity funds, private equity,

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Innovative Startups: Growth Is More than Money (Content Princess – SEO)

India has the distinguished honour of being in the top 5 countries in the world for innovative startups. There have been many recent startups in India that have mastered the art of expansion in every type of business from food to community. The booming growth and economic power add steam to this tidal wave of innovation. However, companies need more than money to appropriately and successfully scale up new businesses.

Steps to Success: Build a Brand

One of the most important aspects of growing a business is building a recognisable brand. Startups often begin with a fantastic idea that could change the landscape of business, but without a recognisable logo and value structure, the company is unlikely to drive forward into a larger entity.

Wow!Momo is a perfect example of branding. Their logo is instantly recognisable, even from a distance, immediately attracting attention and attracting customers. This may seem like a difficult task, but there are companies available that can assist you in building a strong, visible brand. Don’t be afraid to outsource!

Steps to Success: Market Targeting

If you have a great product or company, customers are sure to quickly and easily find out about you, right? Wrong! To properly scale up a business, you need to reach out and find more customers. To find new customers, you conduct market targeting. Market targeting will help find your consumer base and let them know your company exists. Successful targeting can bring in new clients by the thousands giving your business the foundation it needs to grow.

Batman Delivers an ideal example of a company with targeted marketing. Using a darker superhero image plays well to the late night video gaming crowd who would use their anytime delivery service. Do you know how to approach market targeting? If not, there are consulting companies (often the same ones that can help with the brand building) that can help you achieve good marketing.

Steps to Success: Finding Talent

One of the most challenging aspects of growing a business and scaling up production is finding and hiring the proper talent. With good people, your business could grow exponentially through the application of skills. The main trouble is finding those people. There are a great many options for finding talented people but if you don’t have the expertise or the time, consider using a specialised company to do it for you.

Steps to Success: Social Media

Nowadays, social media can be either a hindrance or help to scaling up your business. Social media can provide a broad audience and customer base, but if your company is poorly represented, the word can spread quickly.

The key to social media is a polished presence. PassItOn is an excellent example of a company that has a strong social media presence. They have great looking photos and videos and stay connected with their audience. There are many consultants available if you aren’t tech savvy but the most important part of social media is to make sure you’re engaged with people.

Steps to Success: Networking

While social media can lead you directly to the customer, networking can lead you to expansion opportunities. If you are creating a product, proper networking can lead you to stores that could carry your product. Likewise, a service provided well to one company is often recommended to other businesses.

This can be one of the hardest steps to complete when scaling up your business. What do you do if you don’t have industry contacts? Find a company that does! There are consultants out there whose sole purpose is to help network your product to larger companies. Another approach could be to use professional networking sites such as LinkedIn, but cold calls are often ignored when this method is taken.

Conclusion

When looking to scale up and grow your business in India, look beyond funding. Funding is a good start but to be truly successful you will need a strong foundation of support in talent, marketing, branding, and networking.

Keywords: Startups, innovative, brand, scale up, business, market, company, targeting, grow, India, success

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5 Excellent Product Management Portfolios – and How to Create Your Own (Content Princess – SEO)

Product management is such a vast topic that it can be hard for new and aspiring PMs to know what they should aim for. What skills and experience will help you to do the job?

There are various ways of categorising the different types of product managers. One popular way of defining the different roles is as builders, tuners and innovators. Most product management jobs will have elements of all three categories, but various projects will need you to take on different roles.

As we look more closely at the different product management roles, we’ll also look at examples of people working on each type of project right now and think about their product management portfolios.

Builders

The ‘classic’ product manager. They focus on taking an existing product and moving it on. They are great at listening to users and planning what needs to be done (and the best way to do it) to improve the user experience as much as possible.

Builders never really think that a product is finished and are always looking for fresh ways to refine and polish it.

Nundu Janakiram

Now in charge of driver engagement for Uber (where he has been since August 2014), Janakiram has listened to Uber’s drivers and used this information to improve their experience.

His portfolio includes Google’s Associate Product Management Internship and work at Honeywell, Google and YouTube.

Tracie Cheung

Currently working for Amazon, since 2014, she has been developing and managing the product search plans in several countries.

Past experience includes work for Vtech, Lockheed Martin and Gilt. Her resume gives more specific details of the different roles she has fulfilled.

Tuners

Tuners focus on fine-tuning their products as much as possible. They are great at testing products and analysing the results to identify and solve problems. They are always on the lookout for new ideas and ways to apply these to their products.

 These types of product managers enjoy testing their hypotheses to see if they are correct and love to see how their work makes a project more successful.

 Amir Fish

Works for Google. Since March, he has been leading a project to improve the Search tool for users.

 His portfolio includes several other PM roles for Google, as well as a range of software engineering jobs for different companies over the last 18 years.

 Greg Marra

Product manager at Facebook since 2012 where he works on improving the user experience

Internships for Google, Zeemote Inc., and Microsoft form the foundation of his portfolio which also includes many of his projects, past and present.

Innovators

These PMs work with brand-new products to find their market fit. They enjoy starting from scratch and following a project right through to its final stages.

They can assess each iteration of a product and decide how to improve it in the next version. They are also able to identify when an entirely new approach is needed, instead of further iteration

Innovators are aware of the possibility of failure, since producing a new product can be risky.

Laura Holmes

As Senior Product Manager on Google’s Project Fi (2013-2016), she saw the product through from the early stages to its release.

Several internships – for ClickStream Technologies, Google and Foxmarks – form the basis of her portfolio, which also includes work for the Global Health Corps and Cooliris, as well as other product manager roles for Google.

Building your portfolio

As these product management portfolios show, you don’t have to decide to be a builder and stay that way forever. In fact, getting an experience of each of these roles is a great way to build a strong portfolio of your own.

While you’re developing your product management portfolio, consider the following:

  • Aim to show experience of several different product management roles.
  • Your resume should highlight your core skills.
  • Include your website, presentations, videos, etc. that show your innovative capabilities.
  • Have a good networking circle that knows the way you work and your achievements.

While your background and skills are likely to lead you in a particular direction, it is useful to demonstrate that you have experience of several different product management roles. This will make your portfolio seem more rounded than if it only shows a more narrow skill set.

Another advantage of having a range of experience in your product management portfolio is that

it will make you more aware of your skills and strengths.

Primary Keyword: product management portfolio

Variants: product manager, product management jobs, product management roles, senior product manager

Synonyms/ Antonyms: builders, tuners, innovators, resume, experience, internship

Resources

http://www.sachinrekhi.com/3-types-of-product-managers-builders-tuners-innovators

https://www.linkedin.com/in/nundu

https://www.wired.com/2015/10/uberredesign/

https://www.linkedin.com/in/lcholmes

https://www.wired.com/2015/09/googles-cell-service-snare-major-carriers/

https://www.linkedin.com/in/afish

https://branded.me/amir-fish

https://www.linkedin.com/in/tracie-cheung-66a0568

http://traciecheung.com/resume.pdf

https://www.linkedin.com/in/gregmarra

http://www.grgmrr.com

https://www.linkedin.com/in/lcholmes

https://www.wired.com/2015/09/googles-cell-service-snare-major-carriers/

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Five Essentials To Landing A Job In The Hospitality Industry (Content Princess – SEO)

The hospitality industry in India employs nearly 9% of the country.  Tourist visas have increased nearly 300% since 2015, and demand for employees has increased at nearly the same rate.

 Do you envision a career of top-quality customer satisfaction?  Are you driven by creating memorable experiences for others? 

India has seen a substantial increase of tourists since 2015, and the boom in the hospitality industry is evident.  If your dream is to make a career out of outstanding customer experiences, you have nothing but opportunities in front of you.

To prepare for your career in the hospitality industry, it’s important to take a few things into consideration:

Start with an entry-level position

It’s important to dream big for your career, but you also have to be realistic as you break into the industry.

Your career in the industry will grow from time on the front lines.  The only way to climb the ladder is to start at the bottom, so take pride in your first entry-level position.

The insight you gain through working with customers will be invaluable to your career and will show future employers that you aren’t afraid to get your hands dirty.

Build a stellar resume

Once you’ve chosen the position you want to apply for, build your resume to highlight your relevant experience.

If you’re breaking into an entry-level position, you won’t likely have much field-related work experience.  However, your resume isn’t limited to work experience.  Don’t forget:

  • Personal projects
  • Relevant volunteer work
  • Relevant personal skills, i.e. Photoshop or Excel
  • Life experience
  • Language skills

Define your long-term career goals

While it’s important to start small, you need to have your long-term career goals fleshed out before your interview. 

Employers want people who want to climb the ladder and build their careers.  They want motivated self-starters who have a clear goal in mind, and a plan to get there.

Know where you want to be in five, ten, and twenty years.  Do you want to be a cruise ship director?  Or a hotel manager?  Is your dream to build your own business within the hospitality industry?

It’s not enough to know what you want to be; you also need to know howyou’re going to get there.  Having a strategy will show your future employers that you mean business. 

Research your field

It’s not enough to know you want to work on a cruise ship.  You need to be familiar with the education, training, and experience necessary to fill your desired position. 

For instance, many cruise ships have a minimum and maximum age limit for employment.  There may also be language requirements, such as fluency in English.

Restaurants may require food safety licenses and certifications.  Hotels may require a housekeeping certification

Even if the position you’re applying for has no special requirements, you may still be eligible for higher wages or faster promotions if you spend the time to educate yourself in your field.  As you move up the ladder, keep researching the requirements of the positions above you, and begin your training, so you are prepared for advancement.

Be passionate, but also flexible

Passion will drive your career further than any degree. Your love for your job will resonate with future employers, and help drive your commitment to your career goals.

While it’s imperative to be passionate about your career, it’s just as important to be flexible. 

Future employers will want to know you are willing to learn all aspects of your industry.  If you want to manage a restaurant, you may start by washing dishes.  It’s a boring, tedious, necessary aspect of understanding your field. 

As you begin preparing for a career in the hospitality industry, don’t miss out on the opportunity to educate yourself and add to your resume:

Above all else; stay confident!  Your career is the product of your effort.

Regardless of what position you hold, never forget the fire that brought you into the hospitality industry, and keep focusing on the next step. 

Primary Keyword:  hospitality industry

Variants:  career in the hospitality industry,  boom in the hospitality industry,  hospitality industry in India,  within the hospitality industry,  into the hospitality industry

Antonyms/Synonyms:  restaurant management, cruise ship director, hotel manager, customer satisfaction, customer experiences, hospitality courses, long-term career goals,  passionate about your career

Sources:

http://lifehacker.com/5977964/include-personal-projects-on-resumes-when-youre-just-starting-out

https://www.livecareer.com/jobs-tips/industry-type/hospitality

http://www.forbes.com/sites/lizryan/2016/03/02/12-qualities-employers-look-for-when-theyre-hiring/#4f3d8b817508

http://experience.usatoday.com/cruise/story/cruise-101/2015/06/30/what-its-like-to-be-a-cruise-director-for-carnival/29466795/

http://lifehacker.com/career-spotlight-what-i-do-as-a-hotel-manager-1680432854

https://www.thetravelacademy.com/travel-careers/cruise-ship-school

http://www.cruiseshipjobs.com/career-advice/age-and-other-requirements

http://www.bsigroup.com/en-IN/ISO-22000-Food-Safety/training-courses-for-iso-22000/

http://www.investopedia.com/articles/economics/09/education-training-advantages.asp

http://www.iihm.co.in/

http://study.com/articles/List_of_Free_Online_Hotel_Management_Courses_and_Lessons.html

http://www.mumbaicollege.com/onlinecourse.html

http://www.shortcoursesportal.com/disciplines/64/hospitality-leisure-sports.html

http://www.firstpost.com/business/e-visa-boost-foreign-tourist-arrivals-in-india-zooms-293-to-over-4-34-lakh-in-2016-so-far-2840310.html

http://info.shine.com/industry/hotels-hospitality/12.html

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