About Shane Krider
The Host of the Popular Podcasts:
Shane Krider is a highly successful entrepreneur and life coach who has been a constant student of leadership development and personal development for twenty years. His desire to learn how to increase business results propelled him into the world of personal development. It was within this sector that Shane found professional and personal success.
Shane started his first business at 26-years old, working as an independent sales agent in the travel industry. His drive, passion and natural entrepreneurial abilities saw him achieve momentous success and within just two years he’d become a self-made millionaire.
An avid entrepreneur, Shane is continually expanding on his success, utilizing his passion for personal development and talent for public speaking, to launch new business ventures. Krider’s interest in the human spirit led him to be the Executive Producer of five documentary films. One of which, Unbeaten, was shortlisted for an Oscar.
Krider greatly values his wife and three children, and loves the opportunities his success has brought them. Being able to constantly travel together, while maintaining his successful business is a fortunate lifestyle they enjoy.
Learn more about Rachel and Shane Krider‘s
popular podcast and community!
Emotional Intelligence in the Workplace
Emotional intelligence, or EQ, is one of the most powerful personal qualities in business. In fact, 71% of hiring managers said that they place more value on a high EQ than a high IQ! Employees with a good EQ are excellent listeners, strong, empathetic team players, and are good at staying calm under pressure.
What is EQ?
Emotional intelligence has many components, but it boils down to being able to manage and interpret your feelings and emotions, as well as those of the people around you. EQ also includes:
Empathy
Empathy is often confused with sympathy, but the two are actually quite different. Empathy involves sharing in the emotional experience that another individual is having. Empathetic people can feel the emotions of other people, and genuinely understand what they are going through. They’re willing to make the changes necessary to better meet the needs of others.
Self-Awareness
People with a high EQ are self aware. They know their own strengths and limitations. They’re highly adaptive, and take criticism well instead of becoming offended. They understand their moods and emotions, but are never controlled by them. Instead, these individuals think before speaking, and are considerate of the impact that their words have on others.
Strong People Skills
Because of their empathy and self-awareness, individuals with a strong EQ possess excellent people skills. They can form strong bonds with their friends and coworkers, and are passionate about contributing to their team and helping others reach their full potential.
How to Increase Your EQ
If you want to increase your emotional intelligence, there are many ways to practice! The following suggestions will help you improve:
Think Before Speaking
Be purposeful about taking time to pause and think before you speak to someone. This ensures that you take time to process, and don’t say anything rashly. Make sure that you listen to others before speaking. This will help you better understand their emotions, learn about what they need, and work to develop a solution for both parties. By pausing, you’ll shift your focus from your own needs to the needs of others.
Speak with Kindness
Be intentional about speaking to others with kindness. Make sure to praise other people! When you speak positively to others, there’s less of a chance that they will speak and act defensively. They’ll also be more open to listening to you if you’re kind. Don’t be afraid to apologize if you’ve hurt someone’s feelings or misunderstood them!
Emotional Intelligence is a highly sought-after quality. By practicing and improving your EQ, you’ll be able to build strong workplace connections and become a better employee.
How to Properly Evaluate a Business Opportunity
No matter where you are in your business venture, whether you are starting a small business or purchasing an existing company or franchise, you need to take steps to evaluate the business’s potential and your abilities to make it work. You will need to research the risk and benefits of the opportunity at an in-depth level. The evaluation of business requires financial, product and human resource analysis. Make sure you review the potential pitfalls inherent in the business to make an informed decision and increase your chances of success.
Self-Analysis
Most businesses fail because of poor management and the owner’s inability to manage their resources. So, before you even start researching the feasibility of your idea and the market you plan on entering. Start by evaluating your talents, desires, and goals. Consider your willingness to take risks as well as the amount of time and energy you’ll need to make the business a success.
Financial Components
After you learn everything there is to learn about the investment required to purchase the existing business or franchise or the start-up costs you’ll need initially, evaluate your resources. The components that make up a financial assessment includes the amount you have in your savings to add to the initial investments.
Market Research
Perform an extensive market research project to determine the feasibility of your business. In addition to gleaning statistics of trends and current customer buying patterns, you need to know who your customers are, where they are located and what kind of competition exists in your area.
Risk Assessment
A complete evaluation of a business opportunity includes a risk assessment. An honest appraisal of the potential risks inherent in your new business can help you prepare for possible problems and decide whether the risks are worth the investment. The general state of the economy, weather events, and your competition’s competitiveness are some risk assessment factors that could negatively affect your business.
Support
Finally, evaluate the amount of support you expect to receive from your family and the community. You’ll most likely spend an inordinate amount of time in the initial stages of opening your new business, which could affect your family relationships.
Easy Ways on How to Set Goals
Things that are invisible seem to sometimes overwhelm us. Projects begin to build up, team delegation becomes convoluted with scattered responsibilities and planning realistic timelines are no longer realist anymore. When things start to stray far from your grasp, planning and knowing how to set goals are all the more critical if you want to get beyond reactionary business and grow as a business.
Goal creation whether it comes to your business or any task that you want to achieve is critical. Ensuring individual goals are made is equally important as well. The challenge of aligning individual and team goals with organized objectives are goals is the next step and important of course.
Follow Up
Establishing a plan for achievement and following up on the goal is crucial to making the goals in the first place. Challenge your people to make sure the targeting aims are aggressive and not overly simple. If you are trying to set goals for yourself, the same applies. You don’t want to set goals for yourself that are completely unreasonable. Rather set goals for yourself that you know with hard work and determination, you will be able to achieve.
Be Collaborative
Goals are only realistic if everyone is on board. Utilize your teams and gain the cognitive diversity that is present with all kinds of thinkers and the full spectrum of behavioral tendencies.
If you are setting personal goals for yourself, asking a friend or trusted advisors for help is a great way to improve your goal setting skills. Asking someone for help will also give you an idea of whether or not your goals are achievable or if you’ve set them too high to start out with.
Goal setting is critical and it is a high priority and approached consistently throughout the organization, is the mechanism by which the business delivers results against its strategy. Goal setting is crucial for an individual purpose as well. The functionality of the individual who is setting goals depends on their success after achieving said goals.