10 Things I Learned When I Became a Dad for the First Time

The baby is born, the initial excitement has settled, the wave of congratulating relatives and friends has subsided, and new responsibilities start to weigh on the new parents, brought by the arrival of a newborn. While women often prepare for motherhood from a young age, for many dads, the changes in their lives become a real source of stress. Let’s take a look through the eyes of young (and not so young) fathers at the changes they have to adapt to.

The birth of a child is a pivotal moment in anyone’s life. You begin to learn a lot about yourself and what you are capable of under immense pressure and sleep deprivation. We know that it’s impossible to fully prepare for the changes a newborn brings into your life. Nevertheless, we decided to ask our favorite bloggers who write about fatherhood, as well as our colleagues on Facebook, what they have learned since the arrival of their child. So, if you know any expectant dads, share these sincere impressions with them.

  1. “When making ‘pfff’ sounds and playing peek-a-boo doesn’t work… it’s time to find Mom!” (Alex, Facebook)
  2. “Before I became a dad, I had no idea what real sleep deprivation was. Now I know. Parenthood is relentless and unforgiving like nothing else; add minimal sleep to the mix, and you’ll understand what it means to be a parent.” (Albert, Dad Network)
  3. “Your own baby’s poop isn’t that scary after all!” (Herman, Facebook)
  4. “It’s amazing, but when you become a dad, you instantly realize how much you resemble your own father! I find myself constantly saying to my little one the same things my dad said to me when I was little… It’s eerie!” (Mark, Facebook)
  5. “Never lift your child above your head like Simba the lion cub—they might spit up on your bald spot, and that never looks good on anyone!” (Victor, Facebook)
  6. “Sleep is for the weak!” (Dan, Dad Network)
  7. “Patience… It’s so easy to lose and so hard to find… Yet, whenever possible, try to keep your patience, because it’s so important for those around you.” (Pavel, Facebook)
  8. “What is fatherhood? It’s when there’s never too much coffee and baby wipes.” (Lee, Dad Download)
  9. “I’ve finally mastered the art of pinning down two arms and two legs to change the diaper of a squirming little one!” (Alex, Facebook)
  10. “The main takeaway—don’t have more kids!” (Alexander, Facebook, father of 3)

Family life and family happiness according to the principles of hygge

You’ve probably heard about hygge on social media, and friends might have talked about this concept. Today, everyone is talking about hygge as the secret to Danish happiness, something everyone wants to experience. But what is hygge in family life, and how can a family live by this system?

WHAT IS HYGGE?

Hygge is a Danish way of life, and according to reports from the SDSN organization, Danes are the happiest people in the world. It’s no wonder that many want to understand how to live by the principles of this lifestyle. Hygge can mean many things: coziness, relaxation, close relationships with loved ones, and the ability to enjoy the moment and live in the present. Many Danes are taught these principles from a young age, so for them, practicing hygge is not difficult—it becomes a way of life. What is natural for Danes might seem like a challenge for others. It’s not always easy to live without worries, fully enjoying the present day and sharing this joy with loved ones. But don’t give up. The beauty of hygge is that it can enrich not only our lives but also the lives of our children. Its foundations are happiness, unity, and a warm atmosphere for the whole family.

HOW TO APPLY HYGGE AT HOME?

Shifting from a hectic life to a calm, measured way of living might seem impossible. But the secret of the Danes is that they try to dedicate at least one evening a week to spending most of their time with loved ones, cherishing every moment.

1. SPEND TIME TOGETHER

It sounds simple, right? But this means spending quality time together without distractions. To do this, you need to turn off phones, laptops, and tablets to fully enjoy conversations with your loved ones. If you have restless little ones and need to keep them entertained, why not come up with activities that bring everyone together? Play board games or make crafts together. Original puzzles, brick-building sets, and drawing boards are great tools because playing together is a wonderful way to have fun as a family.

2. CREATE COZINESS

Perhaps the most popular aspect of hygge is the unique home coziness. The hygge style in interior design involves many details that create an atmosphere of closeness and relaxation. Create a warm and cozy atmosphere at home, bake an apple cake, light some candles (placing them high enough so small children can’t reach them), put on your favorite pajamas, and cuddle up together under a warm blanket. This will help create a pleasant feeling of unity for you and your family. Under a blanket or by the fireplace, you can forget all your worries and enjoy the time spent together.

3. STAY POSITIVE

Bad moods are contagious, and if you show them while spending time with your family, other family members will quickly pick up on your feelings. If you had a tough day at work or are worried about the state of the world, don’t bring those troubling thoughts into your home. Spend the evening recalling pleasant memories. It’s important to be grateful for the time spent together, experiencing it on a qualitatively different level without expressing negative emotions. This will also lift your own spirits.

What all parents think about in the summer, secretly from their children

If parents had to write a story about summer vacations, it would be very different from the one children would write. As summer vacations approach, parents eagerly await their start, but by September, they often wonder how long summer vacations last and whether they should suggest to the school principal to shorten them next year.

Summer vacations are about to begin, bringing a whirlwind of emotions for all parents. Whether you’re eagerly looking forward to spending a full 12 weeks interacting and playing with your children, or waking up in a cold sweat at the thought of balancing childcare with work, business trips, and other responsibilities, summer vacation time is always a challenge for moms and dads. No matter how you feel about the holidays, the following thoughts are inevitable:

THE BEGINNING OF SUMMER VACATION

“Hooray! The holidays have started, 12 weeks ahead with our dear children and no school fuss. What could be better?” “How wonderful: the kids are on vacation, and we are on leave. It’s already 8 a.m., and we’re still in our pajamas… This is the life!” “I love watching the kids play together – something we really miss when they’re in school.” “By the way, where were we planning to go as a family during summer vacation?”

THE END OF THE SECOND WEEK

“My goodness! Another ten weeks of all this? I dream of at least five minutes of peace. How can I keep them occupied for another hour?” “Monopoly is the longest game ever when you’re playing it with an eight-year-old…” “Is it too late to buy summer camp tickets?”

WEEK FOUR

“Have my kids always been this annoying? How do teachers handle them?” “Does daily bribing with ice cream mean we’re bad parents?” “We’ve been to the park four times this week. Next week, we need to come up with something new.” “Maybe we should come up with some sort of summer vacation program…”

WEEK SIX

“Hooray! The beach! It’ll be fun!” “The gentle sea and sandcastles remind me of my childhood – finally, the kids are silently occupied with something.” “Why is there sand in our food? If the kids eat sand, will they get sick?” “Okay, we’re never going to the beach again. Sand in my bed? How did it even get there?”

WEEK EIGHT

“We’re going on a trip! Food is packed, tablets are charged – let’s hit the road!” “If I hear ‘I need to go to the bathroom’ or ‘Are we there yet?’ one more time, I think I might cry…” “Finally, we’ve arrived at the amusement park! The kids are thrilled!” “An hour-long wait to ride? Great! A whole hour in line with whining kids just to get on a train ride…” “80$ for lunch? I’m afraid I’d have to mortgage the house to pay for family meals by the end of the trip…” “I hope they sleep on the way back!”

WEEK TEN

“I’m looking forward to September when they’ll go back to school. Am I a bad mother?” “Maybe we should leave the kids with grandma for the weekend?” “Yes, a weekend without kids! I can have a glass of wine!” “My husband says he misses the kids…”

WEEK ELEVEN

“A children’s party with old and favorite friends? – Check” “A children’s party with old but not-so-favorite friends? – Check” “A children’s party with relatives? – Check” “A whole day in front of the TV watching cartoons? – Check” “New school uniform? – Check” “New backpack? – Check” “I did it! Or did I?”

THE LAST EVENING OF VACATION

“Please tell me they weren’t assigned any homework!” “Of course, they were…” “Summer vacation diaries and crafts?” “Spent all night making two albums” “It’s a good thing summer vacation is almost over…”

THE FIRST SCHOOL DAY

“Oh, they’ve grown so much!” “Posted 30 photos on Instagram” “Now I’ll see them less often, can’t wait for autumn break…”

Have you ever thought of something similar during summer vacation? Maybe you could tell a similar story about summer vacation with your little ones?

5 Reasons Summer Is the Best and Worst Time of Year for Parents

During the summer holidays, every mom has plenty of reasons to be happy, but also plenty to worry about. The constant noise, mess, and the need to come up with activities to keep the kids busy during the summer vacation become the main irritants for every mom from the first day of summer until the moment when parents are relieved to send their kids back to school.

Ask any parents how they feel about summer, and they’ll likely say it evokes mixed feelings. On the one hand, there are amazing moments captured on camera that bring back pleasant memories. But on the other hand, those same moments can also trigger unpleasant associations with a time when you were ready to pull your hair out in frustration. Imagine for a moment that you could write a story about the summer holidays if we asked you to do so.

The summer holidays are approaching. As the holidays draw near, you’re happy that school is ending, but you’re also a bit apprehensive. You’re ready to plead with the class teacher, “Our children are under your care for six hours a day, five days a week. Please, dear, don’t abandon us!”

The last day of school arrives. You’re driving home in the car. The kids have big smiles on their faces, and you smile along with them in anticipation of the three summer months you’ll spend together as a family. But then you break out in a cold sweat: “Oh my God, three whole months!”

That’s the bittersweet truth. This time of year can be both wonderful and frustrating. Why, you ask? Here are just a few reasons:

  1. Kids at HomePros: Your kids are at home. You can craft together, go on trips, or just watch silly cartoons. Sometimes, to get them outside, you let them play with the sprinkler. During the summer, your kids are under your constant supervision, so you’re sure they’re eating healthy food and going to bed on time. You’ll have the chance to do things you’ve been planning for a while but haven’t had time for, like gardening or reading a bestseller. Plus, you’ll constantly feel a close connection with your kids. Believe me, nothing brings you closer to them than the 78th viewing of “Madagascar” on a hot summer day, sitting in your pajamas under the air conditioner.Cons: In the summer, kids spend more time at home. If you work outside the home, you’ll need to find someone to watch them in your absence, or try sending them to a summer camp that, hopefully, won’t cost as much as your mortgage. If you work from home, be prepared for constant interruptions. The kids will howl when you start singing in the shower, and then casually mention it to their friends. They’ll shove each other, jump on the couch, constantly ask for food, and sometimes do something incredibly silly and dangerous, like starting a fire on the terrace.
  2. Summer TreatsPros: In the summer, kids can enjoy all sorts of treats, from melon and strawberries to bright-colored popsicles. And homemade ice cream is simply unbeatable!Cons: During the summer holidays, you’ll often have to give them these sticky, sweet, dripping, and melting treats they keep asking for. As a result, they consume more sugar than they should, and their clothes are inevitably adorned with colorful stains. Try substituting sweets with tasty and healthy fruits like slices of melon or watermelon. It’s better than going bankrupt buying all those treats. This doesn’t apply to homemade ice cream, though!
  3. Beach FunPros: Sun! Sand! Waves! A summer vacation isn’t complete without a trip to the beach. The kids build huge sandcastles while you relax under a beach umbrella, sipping a delicious cocktail from a glass with its own tiny umbrella. There’s an abundance of surfboards and boogie boards. After all the activity, the kids are exhausted, which means they’ll sleep soundly and for a long time.Cons: The sun is scorching. You constantly jump up to reapply sunscreen on everyone. Sand gets everywhere. The waves knock the kids over, leading to tears. Older siblings destroy the younger ones’ sandcastles, causing more crying. You nervously try to calm everyone down from under your umbrella, while sand gets on your cocktail umbrella, but you still finish your now-warm drink. There are too many surfboards, and you have to haul them all to and from the beach. The kids are already worn out, which means even more squabbles and whining.
  4. Pool TimePros: It could be a public pool, a relative’s pool, or your own—it doesn’t matter. The main thing is the joy and relief you feel when you’ve brought the kids there with all the gear and can now relax for a couple of hours while they splash around in the water. You might even get to read an interesting book. Plus, in your swimsuit, sunglasses, and branded baseball cap, you look like a hot young mom.Cons: It turns out you dragged yourself there with masks, floaties, and a pile of silly pool toys only for your kids to play diving for coins they took from your wallet. The kids start splashing each other—a typical water fight—and of course, most of the splashes hit you. You can’t read your book peacefully because you’re afraid they might drown. In your swimsuit, you look like a pale vampire; your sunglasses are too big; and you think you look ridiculous in your baseball cap.
  5. Unstructured TimePros: The days go by, and the summer holidays come to an end. It still seems like they’re bored, so you constantly come up with activities to keep the kids busy at home or at the dacha. They probably won’t be entertained by what you did during your childhood in the tough times of the ’90s. But you still hope that their spontaneous summer games won’t resemble adventures from the movie “Stand by Me,” based on Stephen King’s novella about the disappearance of teenage friends.Cons: Kids need structure. They hide under the furniture or jump on it, sighing heavily and complaining that they have nothing to do. For all the suggestions you make, based on your childhood experience, they respond in unison, “That’s boring!” until you leave the room and head to where they aren’t. If someone were to make a movie about kids’ unstructured summer fun, it might be called: “Minecraft and Fortnite*: In My Head, All My School Knowledge Is Gradually Being Replaced by This Junk.”

A businesswoman is not a businessman: how women’s business differs from men’s

Each year, the proportion of women in business continues to grow—in 2022, they made up 36% of the total, while in 2023, this figure increased to 39%, according to Forbes. Through the stories of four women, we illustrate what it’s like for women in business and how the female approach to business differs from the male approach.

More Women in Business

Three years ago, women made up 32% of all entrepreneurs, and now this figure is confidently approaching 40%. The range of industries where women are starting businesses is also expanding—if it used to be mainly in the service sector, now tourism, education, marketplace sales, culture, and the arts are also on the list.

Does this mean that the terms “female business” and “women’s entrepreneurship” have stopped being associated with something incredible and doomed to fail? Have opportunities for women in business become equal to those of men? Has society overcome stereotypes?

We spoke with female entrepreneurs from various fields to find out if there is a difference between “female” and “male” businesses.

Women’s Business Sectors

The number of niches where women succeed is increasing. If in the past, “women’s” businesses were mostly considered to be beauty salons and flower shops, now thousands of women entrepreneurs are successfully selling on marketplaces, running travel agencies, and managing entire production companies.

But can a woman, say, start a construction company? Or a car repair shop? Or get involved in drilling wells? Open her own billiard club?

I think what’s more important is a person’s skills, connections, experience, and knowledge. If a woman is highly knowledgeable about construction, why shouldn’t she enter that field just because of the stereotype that such a business is “male”? Of course, she can! Meanwhile, you can find dozens of articles online with titles like “30 Business Ideas for Real Men” or “10 Tough Businesses That Are Off-Limits to Women.” What does this mean? That there is a demand for such topics and that not everyone shares the view that “there is no gender in business—only the person.” And by “audience,” we mean not just men, but also women themselves.

I believe that it depends on the individual, but gendered businesses certainly exist. For example, is construction a male or female business? By default, it’s male—billion-dollar deals are often made in saunas. Plus, there are negotiations with regulatory bodies where having certain contacts is preferable to ensure complex issues are resolved quickly. It’s much harder for a woman to operate in this environment.

Are there women in construction? Yes, there are! But they are few and far between, and they either burn out or develop a male-like, ruthless character. I have two best friends in construction: one builds nuclear reactors, and the other builds oil rigs. The main style of communication there is yelling and cursing, plus frequent health-related emergencies. This is incredibly stressful for a woman. Conclusion: Gender is no longer a decisive factor in choosing a niche, but it still remains important. A woman can open a foam block production plant, and a man can open a beauty salon, but these are more exceptions than the rule.

Emotions, Women, Business

When it comes to women in business, the main argument against them is excessive emotionality and a tendency toward impulsive decisions.

Indeed, women are open in expressing emotions, but this is more related to upbringing than gender. Historically, boys are taught to endure and internalize any emotions. This habit grows with the boy, and now the adult man suppresses any emotional expressions.

Contrary to the common belief that women are more emotional than men, a 2018 brain study showed that emotional responses do not depend on gender. The degree of openness in expressing emotions differs between men and women, but this is related to upbringing, not gender. Simply put, both genders react to events in the same way, but women are less likely to hide their emotions due to the nature of gendered upbringing.

But does this mean that emotionality hinders business management? It all depends on the individual woman, her upbringing, environment, and habits. As the experience of our heroines shows, at some point, business forces you to learn how to control emotions and not let them influence decision-making.

I allow myself to experience emotions and then make decisions with a clear head. Emotionality is inherent in everyone, but men are trained from childhood to manage their emotions more effectively. And women can do that too. Initially, emotions were a hindrance for me—there were doubts and fears of losing money. But after a major crisis, it was like a switch flipped. They say that large companies don’t hire top managers if they haven’t faced significant stressful situations in their lives. After the first serious challenge, the fear is gone, and you’re hooked. But I still get upset if clients are dissatisfied—that hasn’t gone away no matter how hard I try.

Stress and Stress Resistance

You’ve probably heard that women handle stress better than men. This is explained by social reasons (women are treated more leniently, so they can openly express emotions under stress and not bottle up negativity) and physiological reasons (men produce more cortisol—the stress hormone—so their stress load is higher).

We don’t know if women really handle stress more easily and effectively, but we do know that they are capable of managing stressful situations in business.

Once, an employee put me in a position where I lost several million rubles. Every day, clients and partners, from whom she had taken money, called me—some were owed $4,000, others £2,000. My phone was on silent for two years because my psyche simply couldn’t handle it.

And while preparing this article, we noticed that women are more anxious and therefore more cautious. They tend to anticipate various scenarios and prepare for unexpected events, so emergencies are less likely to throw them off course.

When I work with a team, I always make sure we have several backup experts. If we encounter unforeseen circumstances—someone falls ill, can’t come in, or there’s more work than expected—we always have solutions ready.

Balancing Business and Family

Despite the growing number of female entrepreneurs, being the “keeper of the home” is still one of the main social roles for women. Whether this is good or bad, we won’t judge—it’s just a fact.

My mother has been running a business since 1994, and I hardly saw her during my childhood. When I was 14, I went to her office and saw a sign that said, “We work from 10 AM to 6:30 PM,” and I was very surprised—my mother rarely came home before 11 PM. The reality is that most women who want to build a business need to learn how to balance it with the roles of mother, wife, and homemaker. The main advice here is to negotiate with your family and remember the importance of balance.

You can always negotiate with your partner. And I find it helpful to ask myself: what is more important right now? For example, what’s more important: cleaning the house or reviewing reports and making a management decision? The answer is obvious.

Or another example—what’s more important: being with a sick child or going to work? Of course, in such a situation, I would usually choose the child.

Every time a conflict arises, weigh the two options and choose the one that is more important at the moment. My husband often gets upset when I stay late at work because business, like repairs, never really ends—it can only be paused. We are learning to compromise: for instance, he chooses the dates for our vacations, and I try to adjust my work tasks and delegate responsibilities accordingly.

To lift his spirits, I try to cook different dishes more often—it makes him very happy.

And here’s a very fitting phrase from a billionaire in an investment club: “I’ve seen many women with businesses, but only 5% of them are happy in their family life. Choose wisely.”

Conclusion

There are still fewer women in business than men, but the annual increase in the proportion of female entrepreneurs proves that no difficulties can stop someone who is determined to succeed. If you feel capable of developing a business, go for it! Yes, it may be challenging, but as the experiences of our heroines show, women have enough strength to overcome any obstacles.

“Why Am I Not Growing?” – What Prevents Businesses From Growing

Gardeners know that plants need care. They also know that even if a bush looks healthy on the outside, it might not bloom. The same applies to business management: a company may appear successful, with a great team, regular training, and modern software, but… without growth. How do you understand what is holding your business back and what to do to make it flourish fully? Let’s explore in this article.

How to Recognize that Your Company is Stagnating

At some point in managing a company, a leader might ask, “Why is there no growth?” The marketing department seems to be doing its job, sales are good, customers are loyal, but something still feels off. Is this just a phase, or is it stagnation?

A bottleneck in business is referred to as a “bottleneck.” The term originates from physics: if you want to pour water quickly from a bottle, the liquid will flow slowly due to the narrow neck. The narrower the neck, the longer it takes to pour the water.

Such points in business are called bottlenecks because the process is limited by capacity. The bottleneck is the very factor that prevents the company from growing. Moreover, bottlenecks can appear in different areas: sales, marketing, production, and so on.

If you’re unsure whether your business is stagnating, don’t worry. Here are markers of company “stagnation”:

  • Reduced Turnover: If you’ve noticed that despite putting in the same effort and maintaining your work processes, you’re generating less revenue, it’s worth considering the possible causes.
  • Slow Customer Growth: You see that over six months to a year, the number of new customers is lower than it was last year or even a few months ago.
  • Lack of Repeat Orders: Customers make a purchase once and do not return.
  • Decreased Customer Satisfaction: There are more complaints and negative feedback, your company and products receive more negative reviews, and customers are increasingly dissatisfied with your products and services.
  • Employee Turnover: Often, the team sees one side of the company, while management sees another. If your employees are resigning one after another, your company may have stopped growing.

Reasons Hindering Business Growth

A business, like a plant, can have its growth stunted by one or more factors. Let’s explore the possible reasons in more detail.

  • Poor Team Management: Teamwork is a complex mechanism that directly impacts company results. A leader should know what to expect from employees, but it’s important to remember that an employee is not just a debtor. Their life isn’t limited to the walls of the company. Appreciate your employees, resolve conflicts, prevent burnout, and your mechanism will run smoothly.
  • Ineffective Delegation: Another common reason hindering business growth is the inability of leaders to delegate effectively. The more a leader takes on, the less the company grows. In this case, burnout may begin.
  • Refusal to Leave the Comfort Zone: If a leader is unwilling to take the business out of its comfort zone, growth is unlikely. It’s like a video game: to reach the next level, you need to battle the boss. If you don’t go to fight, there won’t be any victories.
  • Lack of Goals and Strategy: Process is good. Process for the sake of process is bad. There must be a strategy. The leader should have at least a rough idea of where the company is headed, what will happen to it over time, and what goals they want to achieve. Without this, the business won’t flourish.

**”In my opinion, the main obstacle to company growth is the owners’ lack of interest in the business itself. I’m not saying the owner must be involved in operations and directly influence every decision—no. This is about the lack of focus and presence of the owner in the business.

Another additional barrier to company growth is the absence of systematic work planning: clients are noted in a diary, project agreements are verbal, employees receive non-documented tasks verbally, money is counted based on income/expenses without considering additional and operational costs, and there’s no financial planning.”**

How to Move Forward and Start Growing

Order is for fools, geniuses rule over chaos.

Yes, but no. In reality, chaos cannot be managed. The most important thing is that once you identify the cause, you must devote the lion’s share of resources to solving it. This is crucial—most people do everything in small doses, but it’s better to approach problems comprehensively. The sooner you define the goal and begin fixing processes, the faster your business will bloom.

I personally encountered the problem of a lack of goals and strategy in my work: the business was built chaotically and without a system. After realizing that we were stagnant, it took a tremendous effort to systematize processes. This allowed us to achieve a significant increase in revenue and gradual company growth. I believe that systematic work and the owners’ involvement made it possible to achieve these results.

What Can Be Done to Break Out of Stagnation

  • Review Your Branding: A logo and branding are the face of the company. Rebranding can help not only strengthen relationships with loyal customers but also attract a new audience.
  • Work with the Team: As mentioned earlier, the success of projects largely depends on how engaged the team is in the results. It’s crucial to improve the workplace atmosphere: send managers to training that interests them, upgrade the coffee machine, or simply organize an impromptu team outing.
  • Talk to Customers: Offer them a short survey about the pros and cons of your company from their perspective, and don’t forget to reward them with bonuses or gifts for their time. Sometimes what’s obvious to employees isn’t obvious to customers, and vice versa.
  • Update Loyalty Program Terms: Regular customers bring companies approximately 60-80% more profit than new ones. It’s important not only to attract a new audience but also to retain the old one (especially since it’s cheaper). Loyalty programs with bonuses, gifts, and discount systems for purchases or services help with this.

Risk Management: Learning to Manage Threats

What Will Happen to Your Business if a New Sanctions Package is Passed Tomorrow? What If a Partner Comes with a Complaint? What Will a Hacker Attack on Your Servers Mean for Your Company?

Risk management helps answer these and other questions. That’s what this article is about.

What is Risk Management and Why is it Necessary? Risk management involves identifying potential threats to a company and developing a strategy to either eliminate them or adapt the business to new conditions.

Of course, it’s not a magic pill that will save you from all risks. However, competent threat management allows a business to navigate possible obstacles and know in advance what plan to follow in case of emergencies. In short, an entrepreneur can sleep a little more peacefully, knowing what to expect for their company under different external and internal circumstances.

“Risk” in the context of threat management doesn’t always have negative consequences for a company. For example, you might invest money in a friend’s startup—a risk that could lead to disappointment due to lost money or joy from additional profits.

Why is Risk Management Necessary? On a global scale, it’s needed to protect the company and allow it to grow. Looking at this question in more detail, risk management helps businesses:

  • Handle emergencies – You’re prepared in advance for different outcomes and know exactly what to do.
  • Adjust business strategy – Risk management involves analyzing all processes within the company, helping identify gaps in business processes and correct them.

For instance, the company “Bubenchik” outsourced advertising tasks to freelancers because hiring in-house specialists was more expensive. This often led to delays in advertising: outsourced specialists missed deadlines or disappeared. While these issues didn’t seem particularly significant to the company, risk managers assessed the actual damage. In the long term, “Bubenchik” could lose a significant portion of potential revenue and the trust of partners. These losses would require a larger budget than maintaining an in-house team of specialists.

Risk analysis helps a company identify potential threats, implement crisis solutions, and eliminate factors that could hinder the implementation of these strategies.

Types of Risks Risks can be different—controllable and uncontrollable, external and internal. In risk management, the classification by D. Rasfeld is often used, which defines four types of threats:

  • “Known knowns” – Risks are known, measurable, and can be prepared for.
  • “Known unknowns” – Risks are known but difficult to measure, making preparation challenging.
  • “Unknown unknowns” – Risks are unknown, so they cannot be managed or prepared for.
  • “Unknown knowns” – Risks are known but are exaggerated or deliberately manipulated.

Another equally important classification: controllable and uncontrollable risks.

Controllable Risks: The company can influence controllable risks. For example, if an employee damages a batch of products, the organization can start selecting employees more carefully and develop a plan for such incidents.

Uncontrollable Risks: These are beyond the company’s control. You can’t do anything about an impending economic crisis or a flood. However, you can develop a plan of action for such cases. Let’s take a closer look at which risks are controllable and uncontrollable.

Controllable Risks:

  • Commercial Risks – Increases in costs or decreases in revenues. These can be external or internal. External risks arise due to rising raw material costs or office rent. Internal risks are related to decreased demand due to, for example, deteriorating product quality or not achieving planned profits. Since commercial risks are largely related to errors in product realization, they are further divided into marketing, logistics, transportation, service, and other categories.
  • Production Risks – Failures, errors, or stoppages in production. Generally linked to any external and internal changes that affect the product. Your product might be removed from sale due to declining production performance.
  • Property Risks – Loss of property due to your own fault or natural disasters. This risk is the easiest to protect against, as insurance services are available.
  • Financial Risks – Any problems with financial resources. Two main risks are associated with finances: credit risk and liquidity risk. Credit risk is the possibility that a borrower won’t repay the funds. The company can be both the creditor and the borrower in this situation. Liquidity risk is associated with the business being unable to sell its assets without risking losses.

For example, the company has unsold winter gear taking up space in warehouses, and it’s now summer. The company will either have to sell the expensive products at a significant discount or, for instance, distribute them to employees. In either case, the company will incur losses.

  • Legal Risks – Administrative or criminal liability. Often related to errors in handling intellectual property and fines from government agencies. This also includes lawsuits from partners against each other or from clients against the company.
  • Reputational Risks – Deterioration of the company’s image. These are linked to ambiguous statements or actions by business representatives that provoke public outrage. The company’s reputation also suffers if its advertising generates mixed reactions.

One widely known case of a damaged reputation is the 2021 “Vkusvill” commercial, which didn’t appeal to the conservative part of its customer base. When the company removed the materials and apologized, it alienated the more liberal segment of its audience. “Vkusvill” did not plan its actions in advance, resulting in reputational losses.

  • Information Risks – Losses associated with the use of technology. Improper data storage, data loss, and hacker attacks can lead to serious business problems.

Uncontrollable Risks:

  • Macroeconomic Risks – Related to market changes. These include the likelihood of inflation and deflation, currency rate fluctuations, and other factors that affect the business economy.
  • Social Risks – Social changes that may impact the company. This includes unemployment levels, crime rates, migration, and changes in infrastructure, such as healthcare, education, culture, and other areas.

Risk Management To manage risks, follow these six steps:

  1. Define the context. A risk manager identifies the company’s strengths and weaknesses, examines external working conditions (politics, society, competitors, finances), and then determines the main criteria for assessing risk and sets the results to be achieved.
  2. Identify risks. A team of specialists determines the types and causes of potential problems. Experts forecast how these risks could affect the company’s goals. This involves studying market research, audits, and databases of similar cases. Risk managers strive to exclude situations that could lead to a loss of control.
  3. Analyze threats. Risks are assigned levels, and the consequences and patterns of occurrence are described.
  4. Evaluate the cost of risk. At this stage, potential company losses are determined. After calculations, experts propose options to reduce or mitigate risks if they can’t be avoided.
  5. Accept and implement risk decisions. The most effective expert recommendations are integrated into operations to increase benefits and minimize potential losses.
  6. Monitor the effectiveness of decisions. The effectiveness of risk management strategies is checked, improvements are made, and constant monitoring is conducted.

Risk assessment should be conducted in the early stages of a project, before important decisions, or when conditions change. Continuous threat analysis allows for the identification of new risks and the adjustment of management strategies.

It’s essential not just to eliminate risks but to manage them. This is what risk management is for—it helps minimize consequences, proposes solutions, finds ways to turn any outcome to the company’s advantage, and sometimes accepts risks without attempting to prevent them.

Outsourcing – what is it and how can a business work with it

“How to stop wasting time and resources on secondary tasks?” business owners might ask. Outsourcing is the key to effective business management in the modern world, where time is the most valuable resource. Let’s break down what outsourcing is, how to work with it, and what you need to consider.

The Strange Beast Called Outsourcing

Outsourcing is the transfer of certain responsibilities or work processes to external contractors. Essentially, it involves hiring workers who can fulfill certain obligations without being part of the core staff. Typically, non-core tasks are outsourced: recruitment, product cover design, creation of advertising catalogs, legal issues.

Outsourcing can solve three business problems at once:

  1. Reduce employee costs – specific project tasks can be given to external specialists who are not needed on a permanent basis.
  2. Improve work quality without increasing costs – hiring external professionals can help improve the product.
  3. Avoid hiring issues – outsourcing saves you from paperwork and the costs of specialists without whom the company can function.

According to a report by B1, as cited by “Kommersant,” outsourcing is in demand: business owners outsource HR functions (67%), administrative payroll duties (63%), and legal support (52%) to external specialists.

Pros of Outsourcing

Outsourcing has the following advantages:

  • Cost savings – no need to pay taxes, contributions, vacation pay, sick leave, or for workspaces and equipment.
  • Less time spent on supervision – outsourced workers have their own manager who oversees all processes.
  • Uninterrupted work – during the search for a permanent employee, the company can rely on external professionals to keep business processes running.
  • Business optimization – some employees are only needed for major projects, not on a regular basis. Temporary cooperation can help with this.

Cons of Outsourcing

  • Poor work quality – missed deadlines, irresponsible attitudes toward tasks can harm the company’s reputation.
  • Communication difficulties – it can sometimes be challenging to align in-house and outsourced processes.
  • Confidential information sharing – for certain tasks, like accounting, you may need to share important company information with the outsourcer. There is a risk of data leakage or sharing with third parties.

However, you can avoid these downsides by carefully choosing the right provider for your business tasks. Approach this process as responsibly as you would when hiring in-house employees.

Delegating Tasks Properly

Tasks that are not key to the company are most often outsourced. They support the work but are not central to it.

Tasks that can be outsourced include:

  • Administrative tasks;
  • Managing advertising campaigns;
  • Delivery and shipping of goods;
  • Other non-core business tasks.

For instance, the technologists at “Bohinya” created a formula for lightweight fabrics for dresses. Marketers predict high demand for such a product. The company assigns production to in-house employees to keep trade secrets safe, while outsourcing the client base development. All business processes are launched, the company won’t lose money, and it preserves its commercial secrecy.

There are groups of tasks that should not be outsourced, particularly if they are key, involve confidential information, or directly impact the company’s reputation.

For example, large companies may find it unprofitable to be distracted by administrative tasks—secretarial work, reception services, technical support. These processes can be handled by an outsourcing team. In small and medium-sized businesses, non-scalable business processes, like recruitment, consume a lot of resources, so external HR is hired.

To make it easier for you to understand what can be outsourced and what should stay “in-house,” we’ve created a scheme—use it!

Outstaffing, Freelancing, and Consulting

  • Freelancing – hiring a private contractor. This could be an individual entrepreneur, a private person under a civil contract, or a team of people.

For example, a company hires an SMM specialist to promote a product, who might already have a team of Reels and Stories creators.

  • Outstaffing – attracting an employee from another company. This situation usually arises when working with employment agencies. The company can invite an accountant, marketer, or other specialist for project work.

In this case, the performer receives a salary, sick leave, and vacation pay from the agency/company, not from the client.

  • Consulting – hiring a specialist for consultation. The performer could be an individual or a legal entity. Consulting services are sought by companies looking to expand their business or change their development direction.

For example, a business sells shoes and wants to enter the accessories market. They then invite an expert to help restructure business processes and create a development strategy.

Outsourcing, unlike freelancing, outstaffing, and consulting, involves not only any specialist but also a company as a whole. Moreover, the work process with outsourcers differs.

Working with an Outsourcer

The process involves several stages:

  1. Preparation for task transfer to the outsourcer. The client sets deadlines and provides a detailed specification outlining the business process, quality criteria, and acceptable deviations.
  2. Selecting an outsourcer. Pay attention to expertise and experience: the former will give you confidence that the work will be done correctly, while the latter reassures you that even in an emergency, the task will be completed.
  3. Contacting the outsourcing company. The organization will assign a manager who will communicate with the client and control the work process.The manager is also responsible for:
    • Personnel management – forming the team, training them, organizing work without delays, and forming a replacement algorithm;
    • Quality control – monitoring KPIs, addressing problems, and resolving them immediately;
    • Business process efficiency – ensuring tasks are completed correctly and according to the specification;
    • Preparing reports for the client – reflecting the work process and results.

The outsourcing company is also required to:

  • Provide workers with the necessary resources to complete the work;
  • Ensure safety and labor protection;
  • Set tasks and supervise workers;
  • Dismiss workers who violate labor laws;
  • Investigate accidents.

All these details are documented to formalize agreements and protect both parties.

Signing the Contract

The outsourcing contract is a standard work or service agreement. You can also consider signing a contract for specific tasks with tangible outcomes (e.g., room repairs, clothing production, battery manufacturing).

The contract usually includes:

  • Subject matter – the essence of the agreement;
  • Obligations – specific tasks;
  • Deadlines – the time frame for completing the work;
  • Cost – either the total amount for all services or the monthly payment amount;
  • Execution procedure – who does what, when, and how;
  • Liability of the parties – what will happen if one party fails to fulfill or violates its obligations.

The contract is drawn up in two copies: one for the client and one for the contractor.

How to Motivate Employees Without Money: 8 Ways

Giving a bonus or raising salaries is definitely an effective, but not the only way to inspire employees to achieve great things. Let’s discuss why non-material motivation is necessary, what techniques can be used to engage employees in their work, and how to properly implement a new system.

Why Non-Material Motivation is Necessary

At first glance, it seems that money is the only thing that concerns employees. Motivation through bonuses or rewards appears to be the most effective way to support the team and drive them towards new achievements. And this is true, but only up to a certain point.

Remember Maslow’s hierarchy of needs—a framework that consists of five levels (although there are actually seven, the top three are often grouped into “Self-Actualization”). At the bottom are basic needs, and at the top are supplementary ones.

Material motivation in the form of salary increases or bonuses works when a person needs to cover basic needs: buying food, paying rent, ensuring their own safety.

When basic needs are met, the person moves up the hierarchy—they want recognition, respect, and self-realization. If a company lacks tools for non-material motivation that address these “higher” needs, no bonuses will help, and the employee is very likely to leave within 1-2 years.

Non-material motivation does not replace material motivation; it simply helps fulfill different employee needs. But why should you, as an owner or company leader, meet other people’s needs? Here are three reasons:

  1. To make work effective. In companies where a motivation system is well-thought-out, employees work calmly and don’t browse job listings on HH (a popular Russian job site).
  2. To increase business earnings. Satisfied employees easily engage in tasks and give their best, and where there is engagement, there is growth in financial performance.
  3. To maintain a positive team atmosphere. Sometimes you walk into an office, and the tension is so thick you can feel it. In such an environment, the only desire employees have is to leave as quickly as possible.

So, we’ve established the importance of non-material motivation. Now let’s get into the specifics—how to motivate employees for whom bonuses or salary increases are no longer enough.

Flexible Working Hours

If you look at job websites, you’ll see that flexible working hours are one of the most frequently highlighted advantages by companies. And for good reason! The ability to start the workday at a convenient time prevents life from becoming a monotonous routine of “home → work → home.”

Today, an employee might start at 11:00 AM and work until 8:00 PM because of a morning workout, and tomorrow, they might come to the office at 7:30 AM to leave early and visit relatives. Flexibility allows your employees to feel alive, and therefore, happy.

Comfortable Working Conditions

Besides flexible working hours, it’s important to create conditions where the team feels comfortable working. The scale can vary and depends on the size of the company—the number of employees, turnover, and market recognition. A small startup might provide a coffee machine and regularly replenish the snack supply; a larger company might add a relaxation room, while a large holding company might open a gym for employees.

Joint Leisure Activities

Corporate events help to bring the team together, but only if they are organized considering the participants’ interests. The format can vary—a joint party, a trip to nature, climbing a mountain, or even just a simple Friday night bar visit—all these activities help people build human relationships with each other and work more effectively.

Personal Development Path

Make the future predictable for employees—this will reduce anxiety and allow them to focus on work rather than on worries. Develop a plan for skills development and career growth with each team member, and give them an understanding of what needs to be done to get a higher position, influence salary size, or get their own office.

You can also discuss education, for example, agreeing that the company is ready to fully or partially cover the cost of necessary courses once a year.

Influence on Processes and Results

In recent years, “teal” companies, where everything is based on mutual trust and self-management within one’s areas of responsibility, have gained popularity. When every employee understands their value and significance, and when they know they can influence the company’s work, they are more easily engaged in their tasks and feel a greater sense of responsibility.

Reasons to Employ Private Chefs in Greenwich, CT: Recommendations for an Exceptional Dining Experience

Imagine hosting a dinner gathering or a quiet family meal at home, where instead of being tied to the kitchen, you’re enjoying the company of your guests or family. All the culinary tasks are expertly handled by a professional who specializes in creating delightful and stress-free dining experiences. This is the charm of hiring a private chef in Greenwich, CT. But is the investment worthwhile, and how do you choose the right chef for your needs?

In this post, we’ll delve into the advantages of hiring private chefs in Greenwich, CT, and share practical tips to help you make the best decision. Whether you’re considering this service for a special occasion or as a regular indulgence, we’ll guide you through the process with friendly, straightforward advice. We’ll also compare the experience of hiring private chefs in Westchester, NY, to that of Greenwich.

Why Consider a Private Chef in Greenwich, CT?

1. Enhance Your Dining Experience

Hiring a private chef in Greenwich, CT, is about more than just convenience; it’s about elevating your meals into unforgettable events. Whether it’s an intimate dinner or a large gathering, a private chef adds creativity, expertise, and a personal touch that’s hard to find in a restaurant setting.

For instance, imagine celebrating a significant anniversary with a customized menu that highlights your favorite dishes, made with premium ingredients, and served in the comfort of your home. It turns the meal into a celebration of flavors, ambiance, and personal connection.

2. Tailored Menus for Every Taste

One of the key benefits of hiring a private chef is the ability to have menus tailored to your specific tastes and dietary needs. Unlike dining out, where choices are limited to the restaurant’s menu, a private chef can create dishes specifically for your likes, dislikes, and any dietary restrictions.

Whether you follow a vegan, gluten-free, or gourmet diet, private chefs in Greenwich, CT, can design a menu that reflects your unique preferences, ensuring every meal is a special experience.

3. Stress-Free Hosting

Hosting can be stressful, especially when balancing cooking, entertaining, and handling all the details. By hiring a private chef, you can focus on enjoying your guests while the chef manages everything from meal prep to presentation.

For example, during a dinner party, a private chef can take charge of the entire culinary process—from selecting the ingredients to plating each course—allowing you to engage with your guests without worrying about the details. This service not only impresses guests but also lets you be the relaxed, attentive host you want to be.

Practical Tips for Hiring the Ideal Private Chef

1. Define Your Needs Clearly

Before searching for private chefs in Greenwich, CT, it’s crucial to define what you’re looking for. Are you seeking a chef for a one-time event, or do you need someone to prepare regular meals for your family? Do you have specific dietary needs or culinary preferences?

For example, if you’re hosting a formal dinner, you might want a chef experienced in gourmet cuisine and multi-course meals. On the other hand, if you’re looking for ongoing meal prep, you may prefer a chef who specializes in healthy, everyday meals tailored to your family’s tastes.

2. Seek Recommendations and Check Reviews

Word of mouth is invaluable when hiring a private chef. Ask friends, family, or colleagues in Greenwich, CT, for recommendations. Also, read online reviews and testimonials to gauge the chef’s reputation and the quality of their services.

When evaluating chefs, pay attention to feedback on their professionalism, creativity, and ability to meet client needs. A chef with a solid portfolio and positive reviews is more likely to provide a top-notch dining experience.

3. Conduct In-Depth Interviews

Once you’ve shortlisted a few candidates, it’s important to conduct thorough interviews. Discuss your specific needs, preferences, and expectations during the interview. Ask about the chef’s experience, approach to menu planning, and how they accommodate dietary restrictions or special requests.

For instance, if you’re hiring for a special event, ask how the chef would craft a menu that aligns with the theme or occasion. If you have dietary restrictions, inquire about their experience with similar clients and how they ensure meals are both delicious and compliant.

4. Arrange a Tasting

A tasting session is an excellent way to evaluate a chef’s skills and determine if their cooking style aligns with your preferences. During the tasting, you can sample a few dishes the chef proposes for your event or regular meals.

This session allows you to provide feedback and make adjustments before the actual event or meal service. It’s also an opportunity to assess the chef’s presentation, attention to detail, and overall professionalism.

5. Discuss Logistics and Finalize a Contract

After choosing a chef, it’s essential to discuss logistics and finalize a contract. This should include details like the chef’s responsibilities, payment terms, cancellation policies, and any specific requirements you may have.

For instance, if the chef will be cooking in your home, discuss kitchen access, ingredient sourcing, and cleanup procedures. Clear communication and a well-structured contract ensure a smooth and successful collaboration.

Comparing Private Chefs in Westchester, NY, and Greenwich, CT

While the process of hiring a private chef is similar, there are differences between Greenwich, CT, and Westchester, NY.

1. Talent Pool

Both Greenwich and Westchester boast a wealth of talented chefs, but availability may vary based on the season and demand. Greenwich, known for its affluent community, may have a higher concentration of chefs specializing in gourmet cuisine. Westchester offers a diverse range of chefs, from those focused on family-friendly meals to those catering to formal events.

2. Lifestyle and Preferences

Lifestyle and culinary preferences in Greenwich, CT, and Westchester, NY, may also influence your decision. Greenwich residents may prefer chefs experienced in sophisticated, upscale cuisine, while Westchester clients might lean towards chefs offering a wider range of services, including meal prep for busy families.

3. Proximity and Convenience

Consider proximity and convenience when hiring a private chef. If you spend time in both Greenwich and Westchester, you may want a chef willing to travel or familiar with both areas, ensuring a consistent dining experience wherever you are.

Conclusion

Hiring a private chef in Greenwich, CT, or Westchester, NY, is a luxurious investment that offers numerous benefits, from personalized dining experiences to stress-free entertaining. By following the tips outlined here, you can find the perfect chef to meet your needs and enhance your culinary experience.

Whether for a special occasion or regular meal preparation, the right private chef can make a significant difference. Be sure to define your needs clearly, conduct thorough interviews, and arrange a tasting session to ensure the best fit.

Ultimately, hiring a private chef allows you to enjoy gourmet meals in the comfort of your home, freeing you from the hassle of cooking and adding a touch of luxury to your lifestyle.

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