Tuesday, 17 July 2012

How To Succeed In Business Without Becoming A Manager.

Many of us strive to climb the corporate ladder as quickly as possible—but plenty of others are perfectly satisfied on the lower rungs and have no desire whatsoever to move up.
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Managing people is one of the most difficult things to do, and you have to possess certain people and leadership skills to become a successful manager. Also, not everyone wants to be a manager,  it means more direct interaction with people who may not want to take direction from you, more responsibility, and in many cases, longer hours and more stress. Not everyone wants to be in charge or to be in the spotlight.

Another reason: more and more employees want a work-life balance where work isn’t necessarily their highest priority. There are many people whose top priority is raising a family and work comes second. When that’s the case, becoming a manager can make you less available at home.

There are many people who are really good at what they do; they enjoy their work, and they don’t want to jeopardize that with a promotion to management. Therefore, if you yourself have no plans or aspirations for taking on a managerial position, you should make your intent clear from the beginning.

Let your employer know that you’ll work hard even though you have no desire to get into management. Tell your employer that if they like your work and want to reward you, they should do it in the form of compensation or benefits. And remind them that not wanting a promotion is not a sign of lack of ambition.

In fact, you can be extremely successful in a non-managerial position. For some, reaching the top rung of the corporate ladder means joining the C-Suite and dealing with the long hours, politics, stress, and other challenges that come with the big title and financial rewards.

For others, success means finding a job that they like and are content with, one that allows them to provide for their families without them becoming overwhelmed by difficult deadlines and difficult people. If you’re really good at your job, and others around you acknowledge that, then you are successful. If your work contributes to the team’s success, then you are successful. Success isn’t always determined by your title or salary.

There are several things you can do to be a success in business without becoming a manager, these are:

1. Be great at what you do. 

Every supervisor wants results and if you give them results and make their job easier, it will be difficult for them to get rid of you, he says.  Do your job 110%, the 100% is in the specialty required. The 10% is in your positive attitude at work, your treatment with respect towards others, your willingness to help others, your interest in learning other jobs so you better understand your piece of the puzzle and how it fits in, and your example to others of honesty, hard work, and good intent.

      2. Have a great attitude.



If everyone around you enjoys working with you, this makes a big difference, if someone else can do your job for less money but you have the people skills advantage, it’s less likely your job will be in jeopardy.

      3. Become the go-to person for something.


Perhaps you help your co-workers fix their computer problems, even though it’s not your job. You now have added value in your department. Doing good work is necessary but not always sufficient, you also have to make people around you comfortable, help them grow, and set a good example. You can’t afford to become arrogant or lackadaisical. You must continue to add value. One very good way to do this is to mentor the young up-and-comers.

     4. Remind your supervisor that you really enjoy your job and aren’t after his or hers.


Your supervisor could hire a young upstart who might eventually want the supervisor’s job. With you, that won’t be an issue.

    5. Be a team player.

Remind your boss that even though you have no desire to move up the corporate ladder, you are a team player and will do whatever it takes to make the team look good and succeed. Very aggressive and ambitious employees will sometimes selfishly focus on their own career paths and what makes them look good, instead of on the team as a whole, and this is something that won’t go over too well with many bosses.

Most employers recognize that not every employee is management material or may not want to be management material, so from an employer’s perspective, the key is to recognize and appreciate the talents of these employees and their contributions to the company, and to promote those who want to be promoted.
 
The bottom line is that you are limiting yourself by not wanting to become a manager, but you’re not necessarily placing yourself in a bad position, there is a place for those who don’t want to constantly move up the career ladder.

Tuesday, 3 July 2012

Africa’s Top 10 Stocks Through the First Half of 2012.

The Nairobi Securities Exchange posted a remarkable 28.5% return during the first half of 2012 – a performance strong enough to make it the world’s third strongest bourse. It should come as little surprise then, that the East African market is home to five of Africa’s 10 best-performing stocks since the first of the year.

Here’s a list of the Sub-Saharan stocks (not including South Africa) that have gained the most in US dollar terms since the start of the year. (Note that each stock has averaged trade volume greater than $10,000 per day over the past month.).

10. United Bank for Africa +41.4% (Nigeria).
This Nigeria-based bank operates in 19 countries and has shot the lights out recently after having announced that first half earnings will likely increase by 50%.
9. Palm-CI +41.9% (Cote d’Ivoire)
The shares of Cote d’Ivoire’s largest palm oil plantation have benefited from a stabilizing political situation and strong global demand for edible oils.
8. KenolKobil +45.2% (Kenya)
This Kenyan oil retailer’s share price popped after Puma Energy, a Swiss firm, proposed a buyout of the company.
7. Kenya Reinsurance +45.3% (Kenya)
Kenya Re made shareholders very happy when it re-assessed the value of its real estate holdings upwards. Over a third of the company’s assets are invested in property – with much of it in the booming capital city, Nairobi.
6. NIC Bank +51.5% (Kenya)
This mid-sized Kenyan bank pleased the market by doubling the interest income it earned during the first three months of the year. It also plans to raise more capital from the exchange to fund expansion into Uganda and other countries in the region.
5. Societe des Caoutchoucs de Grand-Bereby (SOGB) +51.9% (Cote d’Ivoire)
Another beneficiary of the restored calm in Cote d’Ivoire, SOGB operates rubber plantations in the country’s southwest. Rubber prices are up nearly 10% since the start of the year. The stock is the only one on this list that also ranked among 2011′s top 10 performers.
4. British American Tobacco – Kenya +52.7% (Kenya)
This tobacco grower lit a fire under its share price when it nearly doubled its full year earnings in 2011. It rewarded shareholders by increasing the dividend by an equivalent amount.
3. Intercontinental WAPIC Insurance +61.2% (Nigeria)
A subsidiary of Nigeria’s up and coming Access Bank, Intercontinental WAPIC is one of the country’s oldest insurers. Its share price appears to have surged as a result of the company returning to profitability in 2011.
2. R.T. Briscoe +106.5% (Nigeria)
The Nigerian Stock Exchange’s top performer so far in 2012, this Toyota dealer also sells construction and farming equipment. This emphasis on agriculture placed it on many investors’ buy lists in May when the Nigerian president announced that the government will prioritize increased farm output.
1. Uchumi Supermarket +109.9 (Kenya)
Quite the redemption story, Africa’s star stock so far this year is a Kenyan grocer that, just a few short years ago, went bankrupt and was delisted from the Nairobi Securities Exchange. Now, the company is back, and while its share price has been volatile, investors are bullish about the company’s expansion into Tanzania and Uganda. They were also intrigued by news of financial trouble at the company’s main Kenyan rival, Tusky’s.
What Do You Think?
There you have it. Africa’s best stocks in 2012 so far. Did this list surprise you? Which stocks do you think will be among the top performers at the end of the year? Let me know in the comments!