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Seven Things Every Leader Should Stop Doing In 2021

by Edward D. Hess, author of “Hyper-Learning: How to Adapt to the Speed of Change

The times they are a-changing… and so is the nature of our work. And as our familiar world crumbles around us (thanks, COVID-19!) — and technology keeps snapping up more and more of the tasks humans have always done — we’ll need a whole new set of skills. And that means leaders have some very bad habits to break.

If you’re looking for a good resolution for 2021, don’t focus on new things to start doing. Instead, vow to quit some old, counterproductive leadership behaviors that don’t work in today’s world.

The new world we’re entering has flipped everything upside down. The skills, mindsets, and ways of being that were once prized and sought after have actually become liabilities. And yet too many leaders can’t seem to get with the new program.

It’s … Read the rest

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Target’s strong holiday numbers prove retailers don’t need Black Friday anymore

Target has announced that in 2021, it will once again stay closed on Thanksgiving Day.

It’s easy to understand why the retailer is confident enough to state its plans for a key holiday this far in advance: it doesn’t need to be open on Turkey Day anymore.

Target said on Wednesday that comparable sales, a metric that blends online sales and business at stores in operation for at least a full year, rose 17.2%, continuing its red-hot streak of sales gains since the pandemic broke. And that was despite being closed on Thanksgiving, a day that had become in the 2010s the kick-off to the Black Friday shopping extravaganza as store openings started at an earlier and earlier time. (Walmart set the tone in July 2020 by being the first major chain to say it would skip Thanksgiving store hours, giving Target and others cover to do the same. … Read the rest

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Five Keys To Remote Business Success Every Founder Needs To Know In 2021

by Richard Roth, Founder of Progressive Tech

Starting any new venture in life is an exciting time, be it a business or any other endeavor. Odds are it will almost certainly require more sweat, time and determination than you expected. During these tumultuous times, when established systems collapse and change, new opportunities are constantly being created. Out of any great challenge, new entrepreneurs rise up to fill new needs and desires. Don’t let technology be a burden. Like any powerful tool, it can either be instrumental, or a complete barrier to success.

This season, in preparation for a successful new year, here are some tech tips that entrepreneurs can implement right now to build security and momentum into 2021:

Use the best security measures across the board.

You’re only as secure as your weakest technology/user. Always use multi factor security measures wherever possible. Consider using a password generator and/or a … Read the rest

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SJP to chop 200 roles after review

Wealth manager St James’s Place is to cut 200 jobs from its workforce following a review of the business.

The company says it has been carrying out a strategic review for the past 12 months and identified some duplication of tasks and some unnecessary work which made a number of jobs redundant.

Staff were informed about the changes this morning with some set to be offered voluntary redundancy or, in some cases, a transfer to other roles within the company.

About 1 in 10 of the company’s 2,000 staff will go.

The company has stressed that the changes have been planned for some time are not related to recent calls from activist investor Primestone for a major shake-up of the business.

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It is not believed any of the 4,300 advisers or partners who trade under the SJP banner are directly affected by the job reduction.

SJP CEO Andrew

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3 things to watch for in A.I. in 2021

New developments in artificial intelligence may seem trivial compared to recent events like the Capitol riots in which pro-Trump rioters attempted to subvert the election.

But 2021 will likely be a big year for A.I., and with a new White House administration soon in place, there may be a clearer set of national A.I. policies that will trickle down to the business world. 

Here are three key themes to watch out for:

Federal A.I. funding gets a boost

On New Year’s Day, the U.S. Senate voted to overturn President Trump’s veto of the National Defense Authorization Act and authorize $741 billion for defense spending, including the creation of a number of A.I.-related polices. Among the reasons Trump opposed the defense bill was the absence of a provision to repeal Section 230, which gives legal protections to Internet companies that host user-generated content. 

Although the defense bill was mostly geared toward … Read the rest

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How Startup Founders Can Battle Insomnia

As a hard-working entrepreneur, you probably have been encouraged to think that sleep is for the weak. After all, “you snooze, you lose,” right?

The reality is that sleep deprivation can negatively affect your overall health. If you suffer from sleep insomnia, you are probably aware of these unwanted side effects.

Here are the four secrets to battling insomnia as a startup founder.

Decompress Before Bedtime.

Many startup founders work right until bedtime. The problem with this routine is that you’ll end up thinking about work while lying in bed. More than likely, you’ll pay for it the next day.

A better strategy is to stop working at least an hour before bedtime. By doing so, you’ll have time to decompress, whether you spend the time before bedtime reading fiction, working out, or talking to a friend.

Engage in Regular Exercise.

Most people know that there are several health benefits Read the rest

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Kelly exits as Sesame Bankhall reshuffles exec team

Adviser network Sesame Bankhall Group has given expanded roles to Richard Howells and Ross Liston as part of an exec reshuffle.

As part of the changes, Jim Kelly, group business development director, will leave Sesame Bankhall but intends to continue to be involved in the financial services sector.

Mr Howells will move from his current role as managing director of Sesame Network to become Sesame Bankhall Group’s chief operating officer.

He will oversee the delivery of services to 11,000 advisers and will be responsible for the development of IT and digital and data systems.

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Mr Liston, currently managing director of Bankhall and PMS Mortgage Club, becomes Sesame Bankhall Group’s new managing director for distribution.

His role will include responsibility for Sesame Network, marketing and events teams. He will also lead relationship management and client engagement activity across the group’s three brands: Sesame, Bankhall, and PMS.

Both will continue

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These Fortune 500 companies are halting contributions to Republicans (and Democrats) in the wake of Capitol attacks

For years, Wall Street, and Corporate America more broadly, were willing to put up with President Trump’s often erratic behavior because he delivered the tax cuts, deregulation and tariff reforms they wanted.

But last week’s deadly attack on the Capitol in which mobs of his supporters stormed the heart of American democracy, egged on by the departing President and some of his allies in Congress, as lawmakers sought to ratify the victory of President-elect Joe Biden, was a step too far.

Now, some large corporations, like hotel operator Marriott International and insurer Blue Cross Blue Shield are halting donations to Republican lawmakers who sought to disrupt the certification of Biden’s victory. Others, notably Wall Street giants Goldman Sachs and J.P. Morgan are temporarily halting political donations altogether.

“We will not support candidates who do not support the law,” Citi head of global government affairs Candi Wolff told staff in an internal … Read the rest

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4 Tips To Help You Increase Customer Loyalty

What would your business look like if you were able to increase your retention rates by 10 or 15 percent? How much more profitable would you be? These are questions worth considering as you start fresh in 2021.

What Makes a Loyal Customer?

Customer loyalty is something that businesses have been after for decades. And in today’s competitive environment, it’s something that’s harder to obtain than ever before. Today’s customers – particularly younger consumers – are less brand loyal and tend to switch between brands they see as “basically the same.” However, loyalty is still something that can be achieved if you’re committed enough.

Customer loyalty is typically the result of a proprietary blend of price, value, experience, quality, convenience, notalgia, and expectation. And in the world of social media, there’s also a degree of social acceptance involved. (“What will people think?”)

By cultivating loyalty, you ultimately increase profitability Read the rest

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Third of UK children concerned about retirement

Nearly a third of schoolchildren are concerned about saving enough for retirement, according to a new survey of young people.

Despite retirement being 50 years away or more a survey by Scottish Widows found that more than a third of school-aged children (37%) were worried about managing their finances when they are older.

At the ages of 11-14, nearly a third of pupils (30%) say they are already worried about saving enough for retirement. This rises to nearly four in 10 (39%) 15-18-year-olds.

More than eight out of ten (87%) young people thought they should be taught about pensions to prepare them for adult life.

A third of all children (32%) say retirement is something they will “definitely” save up for when they are older. This was a higher percentage than those planning to put money aside to start a family or get married.

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The research uncovered that

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