5 Tips For Negotiating Your Way Out Of ANYTHING

Negotiation is a necessary skill to have, for even if we are not aware, we are constantly negotiating. When your friend wants to go get a burger but you’re in the mood for pizza, with your relatives, with your partner or your children. It is not only related to the area of business, talking your boss into giving you a promotion or a raise. Negotiation is a skill that we, inadvertently, use every day and for that reason, it’s a skill worth polishing!

  • LISTEN, LISTEN, LISTEN.

Before you do anything else, just listen to what the other entity has to say. In negotiation, he who knows more has  ultimate control over the situation. When you listen to the person that you’re negotiating with, your are showing them that you care and that it is important to you that they get what they want out of the deal as well. 

Knowing what the other person wants gives you a tactical advantage and helps you come up with ways in which you can satisfy them while making sure that you get what you want out of the negotiation. Also, take time to notice how are they speaking; Is their language open and confident or do they sound wary? If the person you’re speaking to is acting wary, you can start by showing that you are trustworthy and ease their concerns before they are even voiced, which again, will put you in a leading position. 

  • KNOW THE DIFFERENCE BETWEEN MINIMUM ACCEPTABLE AND DESIRABLE. 

When entering a negotiation, it is paramount to be clear on what is that you want to achieve. Deciding on the go can leave you feeling dissatisfied or taken advantage of when the excitement over the negotiation fades. 

There are three points that you need to be clear on. These are; What would exceed your expectations, what is your desirable outcome and what is the minimum that you are willing to accept. 

Let’s say that your ideal salary is “x” a year, that would be your desirable outcome and what you are aiming for in your negotiation. Reaching an agreement for “2x” a year would be fantastic! Wouldn’t it? That would be exceeding your expectations. Now, in the worst case scenario, you would do fine with 3/4x a year, what would be your minimum acceptable. 

In a negotiation, you should aim to stay as far as possible from your minimum acceptable for the best results, but always remember that you can’t go below that.

  • START THE NEGOTIATION WITH AN OFFER.

Instead of starting your negotiation with a request, start with an offer instead. If you have been an active listener, you must be aware by now of what is that the other person wants. Your counterpart in a negotiation is probably moving in the same spectrum as you are (minimum acceptable, desirable, exceeding expectations) so now it’s time to walk a mile in their shoes and think about what should be their minimum acceptable. There’s where you want to aim! 

The objective of an initial offer is not to close the deal immediately, but to show your counterpart that you are interested in making them happy, build rapport and create a positive atmosphere before speaking about what you want. Also, their attention will be more focused on what they are to gain from the situation, and they are less likely to think about the cons of agreeing to your request. 

  • MAKE IT ABOUT THEM.

You have clearly voiced your request by now, and you are in need of closing this deal. However, displaying need is the most effective way to end up in a disadvantageous deal! Instead of putting your attention on how much you need to reach an agreement, make your case around the reasons why they need to close the deal. 

Be aware of what you can do for them and paint them a picture of the benefits that agreeing to your deal would have for them. Show them that you are just the right person to give them what they want and add pressure on their side instead of yours. 

For instance, you can say that you can only offer to do this for a limited time because there are other responsibilities coming your way in the foreseeable future. Find a way to create scarcity and add pressure to them by making them realize how much of a win-win situation this is and what a fantastic opportunity they risk losing and you will be three steps closer to doing fantastic business!

  • WALKING AWAY IS AN OPTION.

As counter-intuitive as it may sound, displaying that you are willing to walk away and bearing in mind that a particular negotiation is not the only way in the world to get what you desire creates both an “aura” of confidence around you and a sensation of scarcity for the other part that makes the deal irresistible! 

As much as these tips will help you improve your negotiation skills and help you be way more successful when making deals, not everyone is a match and it’s necessary to remember that it is okay that you are not able to convince everyone! Sometimes, you have pushed too hard and you find yourself in a negotiation that has turned against you, or upon further thought, you feel that you are not satisfied with the arrangement that has been made. If this is the case, you are entitled to walk away and try your luck somewhere else!

Implementing the tips above in your negotiations will have a positive impact and increase your chances of succeeding. Remember to have a clear mind and show confidence and you will have them in the palm of your hand! 

Want to improve your negotiation skills? Join us for a workshop on the “Art of Negotiation” on the 28th/29th of September and learn how to get more from life!

A Lesson On The Importance Of Self-Belief By Srijan Mahajan

This is a three-part story on self belief, one that began when I was still in school. I started playing the keyboard when I was about eight or nine-years-old, and spent the next five-seven years learning everything I could about the instrument. Then, when I got to class 9, a few of my musician friends and I wanted to form a band. You see, the school I attended had an annual Founder’s Day (School Birthday in our school) and we had wanted to perform at it for as long as I could remember. The only problem? We were missing a drummer. 

Till one day I saw that the same school where I’d been learning the keys also organised drum classes. On an absolute whim, I decided to give it a shot so we could complete the band. “How hard could it be?” I thought to myself without realising  that was the first day of the rest of my life. You see, the minute I held the drum sticks in my hand, I had already begun a journey that would take me around the world, playing gigs with many bands, including Parikrama. Needless to say, I also performed at the Founder’s Day. 

Act II

In 2012, I began accepting music production offers but there was a catch: I had no clue how to produce music. A fellow musician and friend, Arsh Sharma would sit in a little corner in his parent’s house learning and he would teach me how to make music. It was here that we went on to record bands and also produce some of our own songs, together as Fuzzculture, with Arsh guiding me the whole way. A few months later, another friend of mine, Nikhil Malik told me that someone he knew was making a movie and needed music for it that he was going to have to produce. Again, on a whim, I pitched the idea of the three of us getting together to do it, instead. By some chance, Nikhil agreed and that right there was the beginning of Studio Fuzz. Together, we worked on the background score for a full-length feature film, MCream when we didn’t have the slightest clue how we’d get it done. What we did know was how to say ‘yes’. 

Third time lucky? 

In 2015, I got curious about making photographs, and decided to make 365 great photographs, one for every day of 2016. This challenge led to me shooting constantly, getting better at photography and, eventually, even getting offered professional photography assignments and a music video–all of which, yep you guessed it, I said ‘yes’ to.

Back to the present

A few days ago, on a particularly rainy and grey morning (the ones that are perfect for a little bit of regression or a pause, if you may), I realised that the one thing that was common between my best work, over a 15-year period,  was that I had no idea how to do it at the time that I decided to do it. In retrospect, learning on the job has contributed entirely to my evolution as both a person and an artist. If I hadn’t said yes to any of those projects, I wouldn’t have learnt to do any of the things I do every day, and my life would’ve looked very, very different. 

So, say yes! I’m sure you’ll figure it out (whatever ‘it’ is)  as you go along. 

 

Everything you need to know about a career in Sports Management

A career in sport is no longer limited to playing; the industry is interdisciplinary and has segments like sport media, team administration, sports medicine, and sports management—perfect for those who have an administrative bent of mind and good managerial skills.

This is the business and applications side, or the driving force, of the sports industry. Sports managers call the shots and work tirelessly with colleges, universities, clubs, recreational departments and sports marketing firms, behind-the-scenes, to handle retailing, branding, merchandising, financing and marketing. They can be sports administrators, event managers, facility managers, sports economists or information experts.

 

Starting out

It’s not necessary to be an athlete or sportsperson to build a successful career in sports management. If you are passionate about sports and have a large knowledge base, that’s a good starting point.

This role requires a combination of multiple skills like planning, directing, controlling, organizing, budgeting, leading and evaluating a sports event.

If you’re thinking about pursuing a career in this field, opting for commerce stream in high school is advised; subjects like Business Studies, Economics and Accounts help build a strong foundation for further study.

Speaking of which, here are the colleges in India that offer courses in Sports Management:

  • National Academy of Sports Management, Mumbai – BBA in Sports Management
  • George College, Kolkata, West Bengal – BA in Sports Management
  • Maulana Abdul Kalam Azad University of Technology, West Bengal – BA in Sports Management
  • International Institute of Sports Management (IISM), Mumbai – BA in Sports Management

 

These courses cover subjects like sports management theory, sports marketing, fundraising, promotions, public relations, ethics in sports management, legal aspects of the sport, facility planning and management and risk management.

The Scope of Sports Management

It’s a good time to be thinking about a career in this field; globally, the sports sector is estimated to be worth $460-620 billion.With the advent of sports leagues, like the Indian Premier League, Hockey Premier League, Pro Kabaddi, Indian Super League, the sports industry in India is flourishing. And the market is only set to grow from here on—courtesy a growing economy and a huge passion for sport.Consequently, the need for trained, skilled and passionate sports managers is also only going to increase.

Also read: Interesting Career Opportunities in Photography

Valuable lessons India can learn from Finland’s education system

In a bid to make school syllabus more relevant for younger generations, the Department of Education has rejigged India’s education system by revising many key policies over the last decade. For instance, in 2016, the Ministry of Human Resource Development rectified a mandatory provision of the Right to Education Act from automatic promotion of all students till grade 8, to performance-based promotion. This means that it is mandatory for all students between class 5 and 8 to pass their exams in order to be promoted to the next grade.

In addition, the Delhi government introduced a new‘happiness curriculum’in almost 1,000 state-run schools. Introduced in 2018, this curriculum which includes meditation, value education and mental exercise is to be taught to all children between nursery and class 8. In the same year, it also allocated 26% of its annual budget to education—much higher than cities like Mumbai, Chennai and Bengaluru.

While these changes are significant, there’s still a long way to go before we can boast of a truly holistic and experience-first education system. Not unlike Finland’s.

What makes Finland so special?

The country’s progressive education system first made waves in 2001, when Finnish students ranked amongst the top five spots in the Program for International Student Assessment—a very prestigious international assessment of students. In this assessment, it was found that Finnish students had vastly superior reading, math and science literacy. As Finnish students started scoring better and better every year, educators, leaders and policy-makers began to study the country and its remarkably effective education system.

It was found that the transformation of the Finns’ education system began around 40 years ago as the key propellant of the country’s economic recovery plan. By the end of the ’60s, a new legislation and curriculum were created by merging academic grammar schools and work-oriented civic schools into a 9-year comprehensive school. These 9 years include 6 years of basic education and 3 years of lower secondary education. Other significant tenets of their system include:

  • Formal education begins at the age of 7; before that, children are encouraged to learn through play and movement.
  • The curriculum includes unusual subjects like ‘joy’ and ‘play’. Every Finnish school has a specially appointed welfare team to ensure every child’s happiness.
  • Education in Finland is considered a fundamental right; to ensure equal opportunities for all, no tuition fees are charged in Finnish schools. There are only a handful of private schools but even they are financed publicly, and cannot charge a tuition fee.
  • Fifteen minutes’ break time is scheduled into every class; students spend this break playing, while teachers can take a quick breather, or address specific concerns or special projects.
  • Finland doesn’t have a standardized assessment system, which allows teachers the freedom to structure their lessons their way, and evaluate the progress of their students using individual metrics.

 

As the famous saying goes, change is the only constant and it’s high time that we make an alteration in our education system to benefit coming generations for a more efficient and aware career path. Want to change your learning habits? Visit www.projectmynt.com today!

 

Also read: How experiential learning is the way forward in India?

 

Six things every teenager can do to build a successful career

The earlier you start, the better

School’s out and everyone’s asking you what’s next, but it’s completely okay to not know just yet. Allow yourself the opportunity to find what you truly love—the journey is half the fun! In the age of social media and the Internet, you can deep dive into all the available information to see what works for you. From knowledge of up-and-coming careers to success stories that inspire, it’s all just a click away. However, it’s important to ensure this access doesn’t breed insecurities about your own future. Instead, sift through all the material in an organised manner, and start planning your journey methodically.

Here are six things to remember that will help you along the path to a successful and fulfilling career:

  1. Use time to your advantage: Don’t let a ticking clock stress you out. If you’re thinking about your career and are evaluating different avenues, you already have a head start. Instead, capitalize on this advantage by focusing your energies on growing your mind.
  2. Make the most of what you have: Use the tools at your disposal, like books, videos or podcasts, to expand your knowledge base. Rather than worrying about what you don’t have, turn your attention to what you do.
  3. Prioritize: The goal, as tempting as it may be, should not be to make money or become famous. Those are by-products of being good at something, and working hard at it—day in and day out. Find what you love, follow your passion, and strive for excellency; the rest will follow.
  4. Don’t stop exploring: The more you learn, the more you’re going to understand yourself as an individual, and the easier it will be to zero in on your calling.
  5. If you know, you know: Once you have a sense of where your interest lies, get moving! Identify the resources that you can tap into to start specializing. Remember, being 60% certain is good enough; there’s nothing like 100% clarity and trying to achieve that is a waste of time.
  6. Hands-on experience is invaluable: By taking up internships and trainee assignments, you will get a clearer sense of what a career in your field looks like. Instead of procrastinating and getting caught up in the theory of things, jump in the deep end and start working. You’ll be amazed at how much you can learn, just by showing up to work.

 

Also read: Is Alternative Education your ‘Next Thing’?

Five Recording Studios in Delhi that are perfect for Amateurs

It can be pretty intimidating to take the plunge and record your first song but the right studio can make all the difference. With testimonials from Project MyNT co-founder and the drummer of Parikrama, Srijan Mahajan, we’ve put together a list of the five best music recording studios in Delhi to record your first song at. Marked by solid infrastructure, the support of gifted producers and good vibes only, these spaces are amateur-friendly so that all you need to carry with yourself is your song and a little bit of faith.

 

Quarter Note Studios

Located in a quiet residential colony in South Delhi, Quarter Note has an amazing sounding room, a great collection of mics, and fantastic coffee. Some of India’s best indie musicians have recorded their music at this legendary studio that has been around since the early 2000s, and the space certainly feels special. If you’re looking for a space that will inspire creativity, and a hit song, this is the place to check out.

Testimonial: “I have recorded two full albums here, and had the best time with Gaurav Chintamani,the owner. Brutally honest, he’s always given me constructive criticism and pushed me to deliver better sounding takes that, despite being jarring to some, worked very well for me. The veteran producer runs Sri Aurobindo Centre for Arts and Communication’s audio program, and is also a facilitator of the Electronic Music Production capsule at Project MyNT.”

Where: Basement, A-196, Shivalik Colony, Malviya Nagar, New Delhi, 110017

Connect with Quarter Note Studios here.

 

Ferris Wheel Studios

Gurgaon’s Ferris Wheel Studios is the perfect place to collaborate; you can connect with industry professionals–from songwriters to vocalists and producers–at this studio, if you need a little extra help. Although it’s a little out of the way, Ferris Wheel’s amazing rooms and infrastructure make it worth the trek (if you’re based in New Delhi). This is the go-to studio for most independent artists in the capital, at the moment.

Testimonial: “Having recorded a bunch of times here, I can safely say this is one of the most professional studios in Delhi NCR. Equipped with painstakingly-designed and meticulously-executed live and control rooms, multiple segregated spaces and some great gear, it is a world class studio.”

Where: 59/60, 2nd Floor, Old Judicial Complex, Sector-15/Civil Lines, Gurugram, Haryana 122001

Connect with Ferris Wheel Studios on Facebook, Instagram or their website.

 

Ghar ka Studios

The site where more than twenty albums have been produced, Ghar Ka Studios is run by seasoned independent musicians, Ritwik De and Amar Pandey. Facilities include high quality recordings, multi tracking, and three treated rooms for tracking/mixing and mastering, and it can be booked out for everything from recording and live tracking to mastering, production and composing background scores.

Testimonial: “I’ve heard great things about the dedication and out-of-the-box methods of those who run this space. Ritwik and Amar have produced some incredible-sounding albums.”

Where: Lado Sarai, Delhi, India 110030

Connect with them on Facebook, Instagram or drop them a line at gharkarecordsonline@gmail.com

 

Kintsugi Studios

Kintsugi Studios’ founder, Abhishek has done it up painstakingly so that it’s full of good vibes. It has a great control room, a lovely balcony and the recording room (while slightly small) does what its meant to. Abhishek also hosts Kintsugi Sessions regularly and invites people to play the songs they’ve recorded.

Testimonial: “Although I’ve never recorded here, I’ve worked with Abhishek and he’s awesome. Calm, composed and methodical, he manages to get what is required without raising his voice or losing his cool. He’s also the right person to talk to about video.”

Where: 80-D, 3rd Floor, Sukhdev Vihar, New Delhi, 110025

Connect with Kintsugi Studios on Facebook and Instagram.

 

Katharas Studios

An independent art promotion wing of Saraswati Music College, Katharas Studios is centrally-located, has large audio recording studios with state-of-the-art equipment, a 1,400 sq. ft. video production facility and a 24-hour jamming station.

Testimonial: “ I’ve recorded a few songs here and, although the space is nice and the equipment is all there, you need to take a producer with you since their methods are a little old-school.”

Where: A-1, 226, Safdarjung Enclave, Block A 1, Nauroji Nagar, Safdarjung Enclave, New Delhi, Delhi 110029

Connect with them here.

Success is a journey, not a destination. Don’t chase it, experience it.

Often in our lives, we get ourselves into the rat race of achieving things which have a very high perceived value in our mind. Even after we reach these goals, we don’t have much to celebrate, rather we create more such goals to chase in the future. These goals can be something as basic as convincing your parents to buy you a new phone, or to score big in your boards examination. Here is what you really need to understand in order to get a real shot at shaping your future – It’s the journey of achieving something that you enjoy, than actually reaching there. The fact that you enjoy the journey so much, it’s almost inevitable for you to achieve that goal. We’ve all said the phrase, ‘Nothing comes easy’, well, it’s true. So give this a thought, you actually create a goal in your mind, so that you can take this journey, you enjoy it to the full, you see success and it all ends at the finish line while you achieve it. Almost instantly, your brain wants another race, another experience which you’ll love, another mistake you’ll commit and another glimpse of success.

Also read: These entrepreneurs did a little extra in their lives. Time to take some lessons!

How does it feel if you get up one day, and the entire day you don’t knock off something that you wanted to? Well, say you wanted to start preparing for an upcoming exam, or maybe you wanted to hit the gym or anything that you really really wanted that day. It feels like you’ve had the worst day possible, more so, you’ve lost a bit of your self-confidence, and a bit of your conviction has lessened. Factually, it’s the journey and the time you’ve lost today that makes you frustrated.

Here is a little something you can do every single day, or probably more days of the week than not, to get you to be in control of the things that matter –

  • Value your time. Know what’s important and just go at it, the feeling you get while you do the right thing is the biggest drug of all times
  • Be confident and happy. It’s how you feel that matters, rest everything is manageable. Happiness is the chase of life, nothing else, nothing more. Another thought, control drives happiness, even if something goes wrong and you know that you have control over it, that you can fix it. Keeps you confident and keeps you going.
  • Take one day at a time. Your brain is designed to make you feel lazy, it resists change. Overcome it. Don’t create a string of events that keeps you away from the journey.
  • Do something for each of the journeys you pursue. It can be a list of things, like a checklist. Health, happiness, wealth, learning and so on. Make sure you evolve on your checklist a little everyday. I can’t stress enough how important this is, you want to look back every now and then and cherish life.
  • Act. Don’t assume. Don’t assume an alternative as a journey, make sure you do what you know. If you haven’t till now, this second is the best moment. I would love it if you shut this read right now, and go at it.
  • Love yourself. Life loves you, really loves you. But if you create a wall of hatred between you and life, it can’t get you the goodies it has to offer.

At Project Mynt, we stand with you for the times when you confuse your journeys that you may/may not want. We curate journeys’/experiences worth a few weeks to get you a glimpse of things you might love as constant in your life. Experience them if you’ve given them a thought.

Send me an email at aayush@projectmynt.com if you want to discuss anything. You may get a delayed response as I’m taking my own journeys at most times, but you’re definitely one of them and will definitely get a response.

All the best!  

 

All you need to know about Project Mynt

Education is the essence of every individual. Every person in this world deserves to be educated, though its meaning or perspective might differ.

Understanding the education and skill gap

The current education system in India suffers from some serious gaps. Many people prefer good marks or grades over being knowledgeable. Some more issues that are impacting students these days are –

>> Lack of encouragement to think out of the box
>> Outdated curriculum
>> Absence of experiential learning

The Indian education system focuses so much on rote-learning and the rat race philosophy that we fail to give our kids an avenue to explore, learn and express who they are and what they want to do.

Also Read: Confused about your career? 5 steps to help you make the right choice.

Are we preparing students for employment?

Now that’s one essential question we should be asking ourselves as educators. The substandard quality of education has its fall out wherein those graduating struggle to find work. The results of assessment across the country on skills sets like communication, numerical and logical ability and domain knowledge indicate a very inadequate state of affairs. Owing to the deficient quality of education at home, Indian students now spend no less than $7000 million to go abroad and study in foreign universities. They eventually stay back in that country and ultimately become NRIs.

This gap in the education space resulted in the existence of Project Mynt  My Next Thing which is founded by 3 bright and creative minds: Ankur Kampani, Srijan Mahajan and Aayush Narang. The three founders have closely experienced the struggles associated with breaking stereotypes and thinking out of the box. The existence of Project Mynt is to serve as a bridge to help the student identify if their “Next Thing” is a hobby or a career.

How does Mynt solve this gap?

Project Mynt aims towards evolving the current education ecosystem by making practical knowledge and interest levels as major contributors to one’s career choice. It strives to provide the greatest “value-add” to students with real-world knowledge and experience to help them make better career choices.

Mynt intents to give a real-life experience to students on what a career actually entails. And that’s what makes it special and essential. It provides an insight into careers that are going to take over the world in future and for which there is currently limited infrastructure or space in our education program.

Courses that are designed to help you succeed

The list of courses that we provide are all unconventional streams which are great career aspects but due to lack of proper knowledge, students tend to brush them aside. The curriculums for these courses have been designed by the industry experts and will also be facilitated by the experts who have themselves taken the similar path.

Such courses are important to ensure that students deep dive into the curriculum, have the practical essence, and get to motivate and inspire themselves to seek their career paths more confidently as well as consciously.

In a nutshell, Project Mynt is all about providing a conducive environment that supports our constant pursuit of knowledge and development. It is a movement for the betterment and awareness of students. Know more about this wonderful initiative here!

How experiential learning is the way forward in India

As a school kid, most of us used to wait for lab sessions to attend practicals – Chemistry, Biology, Computer, etc. Didn’t we? But why were practicals so much fun? Was it the LIVE experience that made them interesting or the unique methodology that helped us remember all the points for longer?

Here’s a fun fact. Hermann Ebbinghaus formulated the ‘Forgetting Curve’ more than a hundred years ago which explains the decline of memory retention and how information is lost over a period of time when there is no attempt to retain it. Experiencing things in the real-world can help us retain a lot more, a lot faster. Lectures help, but one needs practical knowledge to understand, grow, and excel. Thus, it’s time you make the most of experiential learning.

Also read: All you need to know about Project MyNT

IT’S ALL ABOUT GETTING REALITY CHECKS!

Experiential learning is the process of learning through experience and is more specifically defined as learning through reflection on doing.

Education theorist David A. Kolb’s experiential learning style theory is typically represented by a four-stage learning cycle in which the learner ‘touches all the bases’:

1. Concrete Experience
2. Reflective Observation of the new experience
3. Abstract Conceptualization
4. Active Experimentation

EXPERIENTIAL LEARNING IS THE FUTURE OF LEARNING.

Experiential learning allows students to:
> Develop critical-thinking, problem-solving, and decision-making skills
> Build an emotional connection with the subject
> Leverage real examples for inspiration
> Enhance their experiences to be shared with others

Indian education system needs to evolve and become more experiential where students get an opportunity to go out and explore the real world to gain first-hand knowledge. This will further inspire them to pursue what appeals to them the most. An expert or mentor can guide students to bridge the gap between theoretical and practical learning. This will also help in brushing up their skills with a better understanding of how to act in a particular environment.

Parents must realise that kids need to cope up with today’s fast moving world by making them familiar with the modern ways of learning. Thanks to digital tools and technologies, students can now close the job skill gap in a true sense. Smart classes with projectors, personalized and project-based training, industry visits, etc are some of the methods parents should look forward to for their kids’ personal development.

GET INSPIRED AND GET GOING BECAUSE NOW IS THE TIME!

The skills we need to work today are changing at such a great pace that no system can keep up with them without constant evolution. With competition growing incessantly in the global economy, we must look forward to shifting the discourse from learning new skills to enabling the processes that create these skills.

We, at Project MyNT – My Next Thing, are working towards redefining the methods of learning by providing practical knowledge to students who enrol in our courses. A strong curriculum including sessions by experts and internships will help students figure out the right career opportunities amidst all the confusion and uncertainty.

MyNT aims to give students an insight into careers that are going to take over the world tomorrow and for which there is currently no infrastructure or space in our education program. Enrol here.

Confused about your career? 5 steps to help you make the right choice!

It’s not what you achieve, it’s what you overcome. That’s what defines your career.
– Carlton Fisk

We all go through this phase in our lives when we question ourselves: What’s right for me – Following my hobby or getting into the family business? Pursuing engineering or becoming an entrepreneur? Doing something that makes me happy with small earnings or something that offers great packages?

And do you know why these questions arise? The two main reasons why we can’t decide our career path are:
>> Either we have no clue about what we genuinely like,
>> Or we know what we actually like but don’t think it’s a perfect option to go ahead with!

Have you ever come across someone who slipped smoothly into the right career shoes, and walked away without any troubles? Maybe yes, but very less.

Also read: How experiential learning is the way forward in India?

Well, well. Just take a deep breath and read on to know what you should do to find the right career path! This guide has got your back, trust us:

STEP 1: Mirror, mirror on the wall; what’s my favourite hobby that can become a job?

That’s right. Look deep inside. Figure out things you are passionate about, that make you happy, and can be worked upon. Give directions to your all-time favourite hobbies and pursue them seriously. Self-evaluation is the key!

STEP 2: Say hello to the too-many options and follow the ideal process

In the times when you feel like pursuing multiple things and end up getting confused, just follow the filter process. List down all the options available, research about them and explore as much as you can. Make comparisons and see what’s better, prioritize or rank your choices, and voila! You will reach the next main step about experiencing the future.

STEP 3: Getting on it by using ‘experiential knowledge’ as the shield

A mind troubled by doubt cannot focus on the course to victory.
—Arthur Golden

With that list of shortlisted options in your hand, your succeeding step should be choosing and getting on to your ‘next thing’ with the help of career advisors. Mentors play an important role, for seeking guidance from our seniors or parents is indispensable. However, words or pieces of advice are not enough in today’s world. You need to feel, experience, and then decide your career to avoid any repercussions.

Experiential learning means acquiring practical knowledge about any topic by getting a hands-on experience. In simple words, it is the process of learning through experience, more specifically defined as “learning through reflection on doing”.

An internship is sure to give you some perspective and a good curriculum will help you get a clear picture regarding your career choices. Gaining experience by doing internships, taking classes, reading books, etc can help you develop the skills and abilities to strengthen your goals.

STEP 4: Be an opportunist

Knowing in a few months is better than investing your life trying. Pre-acquired knowledge also helps in saving time & money, because what if you realise later that the path you chose wasn’t meant for you! Make use of opportunities to become what you really want to be. Make a career plan, make a choice, get experiential knowledge, and you are good to go. Explore, experience, and then pursue that path.

STEP 5: Right Decisions = Right Path

Decision making is the most crucial process and setting goals is not an easy job. So, now what? After you come down to one option and finally decide that this is it, start focussing on how to grow in that field. Build networks that help you reach the top of the ladder and kill it with your phenomenal performance.

Hope that we helped you get on the right path to the most suitable career. Here’s a small tip! Don’t spend years to learn the curriculum that changes every day, rather equip and prepare yourself with the tools of today! Ready to find your next thing?

5 habits that will assure your child’s financial success in future

Are you a parent who’s concerned about your child’s future? Constantly find yourself thinking about if they’ll have a successful career later in life?

Well, guess what – it doesn’t really matter what they choose as long as their understanding of the real world is early and they progress to make more controlled decisions every day.

As an adult, we understand that authority is everything. Be it an investment or a drive on a sunny day over the highway,  as long as we’re in control – we’re happy. I don’t know how many of you look at it like this, but Happiness is the key asset that we chase throughout our lives. It’s bigger than a fancy house or the sports car around the next block.

Also read: Confused about your career? 5 steps to help you make the right choice!

But in order to do this for our children, how can we talk to our them about value investing? Talking to your child today about money investing may not interest them. And if you’re planning to put a few hundred dollars into a trading account just to teach them – that’s worse. If they lose the money, they’ll unconsciously switch off this mode of investment, on the other hand, if they end up making some profits – they’ll try to make bigger bets – which will more certainly convert into a bigger problem. So how are we supposed to bring them up to speed with the financial competition of the real world?

Here’s how,

Use real-life examples to teach them time value of money.

Sow a seed with your child and let that blossom into a plant and then a tree full of fruits. Show them how a few months of care has helped in them relishing the fruit today. To understand that the journey contributes to creating the result is very important.

Tell them about companies wherever possible.

The best time is when your child pushes you to buy her/him something. Talk about the utility of the product, and also about its origin. So the next time that chocolate bar or soda you buy they get to understand about companies like Hershey’s and Coca-Cola, where they come from and where they are today.

Start investing for them. Teach them at the right time.

While I mentioned that a real money game at a very early age can result in demotivation or real betting traits, you can instead create a budget with life goals of your child – gauge when is the time to tell them about it and make them learn how you perform actions. Start as early as you can.

Say you’re envisaging higher education for your child 20 years down the line –  what do you do? Align your financial goals and start saving today! As and when your child is 15, it’s time to reveal what you’re saving for them. At that age, children take interest and are highly motivated to become a part of the working group of the world.

Once they understand planning, give them a budget to save and invest.

Once they’ve understood how you plan for your own life goals to achieve them, they can do the same. They can actually orchestrate their life according to their financial goals, the way they want to.

If you invest INR 1000 every month, you can accumulate INR 1,00,00,000 when you’re 40. This definitely interests your 16-17 year old. (25 years of 25% returns in a growth MF)

Let them make mistakes. But make sure you give them the lessons around it.

Making mistakes, taking chances and failing are paramount for anybody’s learning experience. Once you feel that your child is ready to face the world, always encourage them to take chances, even if at the cost of making mistakes. Don’t protect your child, rather making them immune to such failures and help them focus on the learnings they get instead of the outcome.

By taking these simple steps, you can almost ascertain that your child will achieve in life what you may/may not have. Start today, give it your time and persistence. 

All the best!