Five Tips To Help Collaborate While Working Remotely

– *Formal Communication*

Have an inclusive meeting to decide on communication channels to use- This way, you can get the best out of your team, you would have all agreed on which is the most functional tool to use that ensures absolute flexibility and functionality at the same time convenient for all .

– *Informal Communication*

Important to have a separate casual chat channel to take a mental break from work, like we do in the office. While you are working remotely, it is ok to have casual informal breaks where people can catch up on other things to ensure the office jokes and laughs comes to live again.

– *Compassion*

Understand that others might be anxious during this time, show compassion and diffuse heated moments of conversations. The natural office environment would be brought to test here, while working in proximity can help resolve issues outright, remote working might largely impact this. You should make deliberate effort to ensure each personality is managed during this period.

– *Lead by Example*

Everyone can lead from the position they are in and set an example to inspire others. No matter who you are, ensure to lead in your space, be creative, be spontaneous, be impulsive with responsibility. Get the most out of situations and resolve challenges as they come up.

– *Bond Together*

Have a virtual lunch together once a week using Teams. Have a quick 20 minute in during the day to discuss what projects to work on. Use the best means to catch up. Make team bonding regular and exciting even while you are working remotely. Never let the fun die. Remember this is just for a while and once this is done its back to business as usual.

Tips on how employees can stay productive working from home

The COVID-19 outbreak has taken the world by storm. Some offices have shut down and employees have been directed to start working from home in some cases.

Here are some tips to ensure employees stay productive and maintain balance while working from home:

– *Set a schedule and stick to it*: Setting a schedule and sticking to it enables employees to know when to work and call it a day. This helps them to maintain work-life balance.

– *Set break reminders*: Set regular breaks to keep you energized and focused. This helps to improve your health and physical wellbeing.

– *Keep a dedicated office space*: Dedicate a desk and some peripherals only for work use while working from home.

– *Learn new skills*: This period is the best time to learn a new skill as you’re working right from the comfort of your home.

– *Take advantage of your perks*: Working from home has its unique perks as you have the time to make your favorite meals or a food you’ve been craving. Take advantage of them because you deserve it.

– *Stay focused and switch off distractions*: This might be difficult for most employees to do as working remotely comes with lots of distractions and this affects their productivity. So, try your best possible to stay focused and get rid of any form of distractions.

– *Have some social interaction*: Some of the problems of working remotely are isolation, loneliness, and disconnect especially in this COVID-19 pandemic period. But take out to FaceTime your colleagues, call your loved ones etc. Don’t let working remotely ruin your social life.

Time Management Tips for Every Employee

One of the most rewarding soft skills every employee should have is; Time Management. Missing deadlines, not meeting your KPIs, can be attributed to poor time management skills. Time management skills will take every employee far in life; both personal and professional.

It is crucial that every employee masters the art of time management in order to get more work done in less time.

Below are some techniques that could help every employee to effectively manage their time in order to boost their productivity at their workplace;

  1. Prioritize your tasks: There should be an effective communication between supervisors and their teams to help them attend to and complete tasks with the highest priority first. Priorities should align properly with the unit/department/division and company goals.
  • Delegate tasks: Delegating tasks is not only about assigning tasks, supervisors should always make sure to explain in details the job duties and responsibilities to their teams, provide every necessary resources, and monitor their progress. This process would help each employees reach their assigned goals.
  • Set goals: Employees should set daily, weekly, and monthly goals for themselves and timeline for the completion of each goals should be set. Your goals must be S.M.A.R.T, i.e., specific, measureable, attainable, relevant, time-bound.
  • Streamline: Supervisors should have a good rapport with their employees. Let there be regular discussions on how each employees can be more efficient in handling and carrying out their job descriptions/duties/responsibilities.
  • Take Rest Breaks: Every employee has his or her limits. Employees should take regular rest breaks whenever they feel tired or stressed.

In order to further optimize the performances of employees at their workplace, here are some time management tools employees can use;

  • Use Asana or Trello to manage and automate certain tasks
  • Set timers to remind you to take a break
  • Use a daily planner to create a schedule or a to-do list

Tips To Maximize Your Work Productivity

We all want to close at work feeling so satisfied and fulfilled simply because of what we have accomplished at the end of the day. Here are some hacks to help maximize your work productivity:

  1. Write Down Your Most Important Tasks: It is important to start your day with tasks that are important to you. You can either choose to do the hardest task first, so other tasks feel easier or do the easiest task first to build up some momentum. Each morning always take your time to prioritize your most important tasks for the day.
  2. Check Your Email: Always set specific times to check your email. Many people are guilty of this habit of not checking their mailbox. Cultivate the habit of checking your email anytime you get a notification.
  3. Learn to Say “NO”: Many people do say this; “I always find it hard to say a NO! Well, only except for your boss. But if you really want to raise your productivity levels, you can’t allow people to order you around all the time. Therefore, always learn to say NO.
  4. Listen to Music: Everybody is different. Our taste or choice of music is different. Listen to music as it helps maintain focus and stay productive.
  5. Batch Similar Tasks: When planning your day, do make sure to always batch similar tasks. This helps you to maintain the same frame of mind for all the tasks involved and in turn makes your work process flow more smoothly.
  6. Plan Your Day Ahead of Time: Before your day starts, write down your tasks that are already scheduled for specific time, then see how you can creatively and effectively fill in other tasks.
  7. Get Rid of Distractions: When you lose focus, regaining it might be hard. Distraction is something that you usually affect the productivity of a worker. If you can get rid of distraction is several ways. It can be by shutting the door of your office, putting on a headset or earpiece, putting your phone on silent etc

At Credit Direct, we have ensure each staff productivity is tracked and monitored to ensure they perform optimally. While you are developing yourself, remember we offer loans without collaterals and guarantors to salaried employees. Its easy to locate us online. Loan in Lagos, Loans in Nigeria. We are your sure contact.

Ten Steps to Starting a Business

You have had the business idea, so what’s next? It’s time to set up and start your business, it’s time to build that empire. Starting a business involves thorough planning, making financial decisions, and many more.

Note, every business is unique and you may need to refine this list as you go. Here are the steps that you will find helpful when you are ready to start your business:

  1. Conduct a market research: When starting your business, it is crucial you to carry out a market research as it helps you to find customers for your business. It’s very key to understand your customer base from the starting point. Assess the strengths and weaknesses of your potential customers.

To have a good sense of your business, answer some of these questions:

What is the income range and employment rate?

How many people would be interested in your offering?

Is there a desire for your product or service?

Where do your customers live and where can your business reach?

How many similar options are already available to consumers?

What do potential customers pay for these alternatives?

  • Have a business plan: This is a written document describing the nature of your business, the sales and marketing strategy, and the financial background, and containing a projected profit and loss statement. Creating and having a business plan is a key part of starting any business and it is also foundation of your business.

A business plan may have these sections;

  • Executive summary: This section tells your reader what your business is, your mission statement, your product or service, and basic information about your company’s leadership team, employees, and location.
  • Company description: In this section, give a detailed information about your business and the problems it solves.
  • Market analysis: In this market analysis section, carry out a competitive research which shows you the strengths of other businesses and what they are doing.
  • Organization and management: This section shows your reader the structure of your business, and the relationships and relative ranks of its parts and positions/jobs.
  • Service: Talk about the services you offer and the benefits to your customers.
  • Marketing and sales: This basically is your marketing strategy. The goal is to tell your reader how you plan to capture the attention of potential customers and retain them.
  • Appendix: This section includes any additional documents that you want to use to give your reader a feel for your product, marketing, services.
  • Fund your business: You need money (capital) to start any business venture. Take out time to carefully calculate the costs. You can raise a capital by self-funding, investors or taking a loan.
  • Pick your business location: This is a crucial part of starting a business. Consider your customers’ proximity to your location. When your business is located must be easily accessible and motorable. You might also need to consider the costs.
  • Choose a business structure: This defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims. The different types of business structures are; Sole proprietorship, Partnership, Corporation, Limited Liability Company, and many more. When selecting a business structure, choose the one that provides the most benefits and legal protections.
  • Choose and register your business name: Choose a name that you are sure best describes your business and protect it by registering it with the right agencies.
  • Get federal and state tax IDs: This is an essential document. You will need to file income taxes for your business. The Internal Revenue Service uses Tax Identification Numbers to distinguish between individuals, business, and nonprofit organization. Make sure you apply.
  • Apply for business permits and licenses: Get necessary permits and licenses for your business from federal and state agencies in order to be able to operate.
  • Open a business bank account: Open a business bank account as soon as you start accepting or spending money.
  • Business insurance: Starting a business is a smart risk, hence, get a business insurance to protect your business from losses due to events that may occur during normal course of business.

Need a loan to start up your business while still employed? Call us now on 01 4482225. Credit Direct offers collateral free loans to salaried employees within hours. We enable Peace of Mind.

Tips To Maximize Your Work Productivity

We all want to close at work feeling so satisfied and fulfilled simply because of what we have accomplished at the end of the day. Here are some hacks to help maximize your work productivity:

  1. Write Down Your Most Important Tasks: It is important to start your day with tasks that are important to you. You can either choose to do the hardest task first, so other tasks feel easier or do the easiest task first to build up some momentum. Each morning always take your time to prioritize your most important tasks for the day.
  2. Check Your Email: Always set specific times to check your email. Many people are guilty of this habit of not checking their mailbox. Cultivate the habit of checking your email anytime you get a notification.
  3. Learn to Say “NO”: Many people do say this; “I always find it hard to say a NO! Well, only except for your boss. But if you really want to raise your productivity levels, you can’t allow people to order you around all the time. Therefore, always learn to say NO.
  4. Listen to Music: Everybody is different. Our taste or choice of music is different. Listen to music as it helps maintain focus and stay productive.
  5. Batch Similar Tasks: When planning your day, do make sure to always batch similar tasks. This helps you to maintain the same frame of mind for all the tasks involved and in turn makes your work process flow more smoothly.
  6. Plan Your Day Ahead of Time: Before your day starts, write down your tasks that are already scheduled for specific time, then see how you can creatively and effectively fill in other tasks.
  7. Get Rid of Distractions: When you lose focus, regaining it might be hard. Distraction is something that you usually affect the productivity of a worker. If you can get rid of distraction is several ways. It can be by shutting the door of your office, putting on a headset or earpiece, putting your phone on silent etc .

Achieving your Financial Goals

Financial Goals are the priorities and targets you set for how you want to spend and save your money.

Some financial goals you might set as an individual include saving to buy a home or pay for rent, go on vacation, start a business, pay off debt, etc. When setting a financial goal, you must determine the length of time it’s going to take to reach your goal.

It can also be said that it is not a person’s ability to save that encourages him/her to save money, but the willingness to save forces him/her to do so.

For you to achieve your financial goals, you need to take proactive measures. Here are some steps to follow in achieving your financial goals:

  1. Write out your goals: Writing out your financial goals is the first step to take in achieving them. Because if you don’t write them, you won’t do or see them with your eyes.
  2. Track Expenses: Monitoring your expenses is key to achieving your financial goals. Do well to track your expenses daily, weekly or monthly. You can use expense mobile apps to do this and be determined to doing this diligently. Tracking your expenses is very helpful as it helps you to cut down on some unwanted expenses and in turn boost your saving rate.
  3. Follow a solid plan: Sometimes, you might be overwhelmed barely looking at a list of your financial goals. This is where creating a solid plan comes in. This helps you to know where you need to start from, decide the next thing to do. Know your money weaknesses and set out a plan to avoid or overcome them. Also, know your money strengths and build on them.
  4. Create accountability: Setting and reaching financial is not an easy task, hence the need to have somebody you can always trust to talk through your goals. Because along the way, you will need words of encouragement and some reality checks. He or She will check in on your progress and applaud you. What having accountability does is that, it allows you not to leave your dreams on your shoulders but also allows you pick someone to help you carry the load.
  5. Re-evaluate your goals: Change as they say is constant. It’s okay to have a change in your goals but don’t abandon them. Reevaluate your financial goals monthly, quarterly or every six months so they fit where you are and where you are going.

Getting Quick Loans are a sure way of achieving your financial goals. At Credit Direct Limited, we offer low interest emergency loans without collaterals or guarantors. You can apply on www.creditdirect.ng

Differences between Saving and Investing

Saving and Investing sometimes are used interchangeably but there are differences.

Saving refers to putting money aside for future use rather than spending it immediately thus involving low risk and low returns while Investing refers to putting money into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.

Below are the differences between Saving and Investing

Purposes

You could be saving towards getting a new house, paying house rent, buying a car or for any financial emergencies, etc. Financial institutions offer several different savings options. We also have some savings mobile apps that you can use to automate your savings whether daily, weekly or monthly. The higher the income of a person, the higher is his capacity to save. We can also say that it is not a person’s ability to save that encourages him or her to save money, but the willingness to save compels him or her to do so.

On the other hand, you can invest your money in stocks, property, real estate, shares in a mutual fund etc. Investments are usually done to achieve long-term goals. Hence, it is categorized as income investment or growth investment.

The purpose of saving is to fulfill short-term or urgent requirements while investing is done to provide returns and help in capital formation.

Risks

The risk associated with investing is very high while saving is low or negligible

Returns

Returns are comparatively high for investing while there is less or no returns for saving

Liquidity

Liquidity is high in savings because you can have access to your money anytime, but in the case of investment, you cannot have easy access to money because the process of selling the investments takes some time, hence, less liquidity.

PS: Making a choice between either saving or investing will depend on your goal(s) for the money and your risk tolerance.

Personal Finance – Why it is important

Personal Finance is defined as the management of money and financial decisions for a person or family including budgeting, income generation, investing, spending, saving, retirement planning and investments.

We will be focusing on explaining the most important areas of personal finance. The most important areas are;

  1. Budgeting: This is a process of creating a plan to spend your money. Budgeting ensures that you have enough cash for the things that are important to you and the things that you need.

Having a budget and following it will keep you out of debt. And if you are in debt already, this will help you work your way out of it. The good thing about budgeting is, when you know where your money is going, you can crush your money goals faster.

  • Income: This is the money that an individual or business receives in exchange for providing a good or service or through investing capital.

It is the starting point for our financial planning process and there are several sources of income that generate cash that individuals or businesses can use to either save, invest, or spend. Some of which are; salaries, wages, pensions, bonuses, dividends.

  • Investing: In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit. Though investing carries risk but having the mind to invest makes you stay ahead of inflation, helps you build wealth etc.
  • Spending: This is the money that is used for a particular purpose. You either by cash or by credit. Managing expenses is just as important as generating income. If expenses are greater than income, then an individual has a deficit. Good spending habits are critical for good personal finance management.
  • Savings: This refers to the money put aside for future use rather spending it immediately. Managing savings is a critical area of personal finance. If there is a surplus between what a person earns as income and what they spend, the difference can be directed towards savings or investments. Savings helps you in emergencies, limits debts, gives you financial freedom, etc.

Good financial management comes down to having a solid plan and sticking to it

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Top 5 Reasons to Apply For A Personal Loan

What is a Personal Loan? A personal loan is a type of unsecured loan issued by an individual, organization or other entities to a borrower (an individual or organization) and the borrower is liable to pay interest. This loan is paid back in monthly instalments over a period.

Taking out a loan is greatly beneficial when used and paid back correctly. Here are some top reasons to apply and secure a personal loan:

1. Consolidate Debt: Debt Consolidation entails taking out a loan to pay off others. When you apply for a loan and use it for debt consolidation, you’re combining all of those outstanding balances into one monthly payment. This grouping of debt makes it easier to work out a timeframe to pay off your balances without getting overwhelmed.

2. Unplanned emergency expenses: Emergencies are inevitable. When they happen, there is always a need to sort out some bills. Be it funeral expenses, medical expenses, etc. Consider applying and securing a personal in this case.

3. Alternative to a payday loan: A payday loan is a relatively small amount of money lent at a high rate of interest on the agreement that it will be repaid when the borrower receives their next salaries.

It could be so tempting to take out a payday loan when facing financial hardships. A payday loan is most times easier to get but carries extreme risks when you’re unable to pay back the amount of money owed in the time agreed upon and also comes with a high interest rate.

So, before you make up your mind completely to secure a payday loan, consider a personal loan instead.

4. Making a large purchase: If you don’t want to deplete your savings account, consider a personal loan. You can’t wait get your dream car, your wedding day is fast approaching, you need to pay for your children’s school fees or you plan to go on a travel vacation? A personal loan will take care of these.

5. Start or Boost a Business: To start a business, you need a capital, hence, a personal loan should be considered. And if you have a business running already but would like to boost it by buying more products, running promotions, etc., consider taking out a personal loan.

Note: A personal loan can used for anything and it is not limited to the points. For whichever reason you apply and secure a personal loan to do, always utilize this financial resource responsibly.