Insight News

Sunday
Oct 26th

Business

Major motivators: Achievement, learning, inspiration and, yes, money

Major motivators:  Achievement, learning, inspiration and, yes, moneyAfter releasing their Career Motivation Test and collecting data from over 6,000 test-takers from every walk of life, Psychtests AIM Inc. uncovered just how unique people are when it comes to naming what motivates them at work.  Their analysis determined that the top three work motivators were Achievement, Learning, and Inspiration.  So employers, you no longer need to pay decent wages to your employees, right?  Wrong.  Money still talks, even when other incentives are in place.

Psychtests defines the Achievement motivator as, “a sense of satisfaction at reaching goals or rising up to meet challenges at work.”  My friend in accounting has an opportunity to travel to India for the month of October.  “We want you to run the project,” he was told.  I thought that sounded like an honor.  He scoffed and said, “They’re not giving me any extra money.”  He will travel around the world, away from family, friends and familiar food, succeed on the project and in exchange?  He will be satisfied when he completes the project, but without a financial piece, he feels slighted.
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ADC receives CDFI funding to fuel economy!

The African Development Center (ADC) is among the 180 organizations serving struggling communities that will receive CDFI funding for 2010. ADC will receive a $750,000 financial assistance award to increase lending within the organization’s niche market. The funds will fuel entrepreneurial activity and promote community economic development throughout the state of Minnesota.

“ADC has been named the top small business lender in this City for the last three years. This CDFI designation brings national recognition to this Minneapolis business engine. The City, the Mayor and Council, are honored to stand with ADC as a partner,” said Mike Christenson, director, Community Planning and Economic Development for the Minneapolis.
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New debt relief program seeks to assist 100,000 women with financial problems

The program specifically targets women, but has now open its doors to assist men too.

Debt Help For Women is a national program that offers an exclusive service to help women reduce or eliminate their credit card debt. Their goal is to help 100,000 women alleviate their financial problems.

To qualify, interested ones must be between the ages of 25-65, and must have more than $10,000 in debt accumulated from major credit cards. Debt from mortgage loans or auto loans is not accepted. Another qualification is that interested ones must live in one of the following states: Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Virginia, Wisconsin, and Wyoming.
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Advocates restore Flamingo Restaurant

Advocates restore Flamingo RestaurantFlamingo Restaurant, an eatery that serves traditional East African fare, specifically Ethiopian, Eritrean, and Somali, in St. Paul’s Midway, recently underwent new ownership.

The restaurant, which originally opened in 2006, is now under the guidance of East African women’s activist and community leaders, Shegitu Kebede and Frewoini Haile.

“Fre and I are very excited about entering the restaurant business,” said Kebede. “It’s truly our passion...we love serving people. We also need to become self-sufficient so that we can make a difference in our lives as well as the lives of others, especially East African women. Running a successful business can get us to this goal.”
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Making change: Fall is a good time to find a new you

Making change:  Fall is a good time to find a new youBack to school. This is when shorts turn into jeans, sweatshirts turn into ski jackets and thoughts turn to making the life changes we’ve been putting off all summer. Making significant, real change is never easy, but the payoff can be incredible and well worth the effort.

Start making change now by committing to the change you’ve been kicking around. Create a reminder and put it where you will see it often throughout the day. A word, picture or symbol is enough to keep you mindful. Put it in the bathroom (you can write on the mirror with soap or eyeliner), in your car, or tattoo it to your belly. Anywhere you go pretty regularly is a good place to post your commitment. My latest commitment is to ride my bike every day. I put the bike in the front hall, instead of out in the shed, and although it’s in the way, it’s hard to forget that promise to myself.
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BBB warns public about fraudulent, aggressive collection calls

Consumers report being threatened with arrest

The Better Business Bureau of Minnesota and North Dakota (BBB) has received reports of fraudulent and aggressive collection calls targeting area consumers. In some cases, consumers have been threatened with arrest if they don’t pay off alleged debts immediately.

“People need to be aware that these calls are occurring and they need to know what to do if they receive a call like this,” said Dana Badgerow, President and CEO of the BBB of Minnesota and North Dakota. “The threat of arrest is a dastardly tactic, and it’s important to know what your rights are.”
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Hands-on, hands-off: Two kinds of managers

Hands-on, hands-off: Two kinds of managersMy friend Jim Johnson heads up a successful staffing agency in Minneapolis.  Over the past two years, he had to let three managers go.  “The economy?”  I ask, nodding like I know what I am talking about.  “Not at all,” he replies.  “Business is good, and they were good managers.  They just weren’t the kind of managers we needed.”

Jim is perceptive.  There are only two kinds of managers, and their categories are not Dumb and Dumber.  Whether you are a manager now, aspiring to manage or being managed, you may know the types:  Hands Off and Hands On.  Knowing which manager you are or are reporting to will help you navigate through business’ ups and downs effectively.
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