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Exclusive: 8 Telltale Indications That Your Business Career is Limited by Self-Doubt

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8 Telltale Indications That Your Business Career is Limited by Self-Doubt

#Telltale #Indications #Business #Career #Limited #SelfDoubt

Getting out of your comfort zone is always a challenge, but more and more evidence indicates that it is necessary for growth and success in your business and career.

In my experience as a mentor to entrepreneurs, I find that self-doubt and lack of confidence are the primary constraints people have to overcome to move ahead. The challenge is to recognize your problem and fix it.

Although the people around you may recognize the symptoms, nothing will likely change unless you see the telltale signs of hesitation in yourself. I found the key ones to be outlined well in a new book, “Hunting Discomfort,” by Sterling Hawkins. He writes from first-hand experience and is now a recognized business leader, motivational speaker, and mentor to many entrepreneurs.

I have added here my own perspective to the key indicators that he outlines, and I challenge each of you to do your own self-assessment of your discomforts, and proactively take the actions suggested to move to the next level of business commitment, confidence, and success:

1. You tend to use non-committal language.

“I will try” and “hope for the best” are phrases that have no place in your business or career. If you find yourself using any similar phrases, it indicates that you lack confidence in your ability, or choose to avoid real commitments. The antidote is to make clear commitments and celebrate successes.

Also, you can show commitment and confidence by taking full responsibility for your actions and giving full recognition to others for their contributions. These positive and proactive efforts will go a long way in strengthening your own internal perceptions.

2. Predominantly focus on your perceived flaws.

By focusing on how your weaknesses are likely the problem, rather than recognizing your strengths, you hide behind a defense mechanism. Instead, capitalize on the assets you have, and build your confidence to achieve future successes. Concentrate on highlighting your positives.

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3. It’s more natural to imagine failure than success.

This leads to a constant search for safety nets, backup plans, and alternatives. Instead, get to work, do the job, enjoy learning more, and become more confident. My recommendation is to actively seek success alternatives from peers and mentors and follow their lead.

4. You avoid making plans too far in advance.

You like to leave your schedule open in case something happens, or in case you don’t feel well then. In essence, you don’t want to risk getting pulled out of your comfort zone. Don’t let yourself slide in making future commitments because these are the ones that can make you grow to the next level.

5. Avoid serious conversations about your commitments.

If you are a chronic avoider of certain conversations in business, you likely have a problem with commitment and therefore a problem with self-doubt. Make it a priority to not delay conversations that you fear will make you feel uncomfortable. Being too busy is just an excuse.

6. You have many casual relationships but no close ones.

Close relationships, both business and personal, make you vulnerable. They force you to look beyond your self-doubts to achieve important objectives. One of the most important ways to build trust is always doing what you said you would do, and if not, addressing that with integrity.

7. Too picky about conditions under which you’ll commit.

There will always be conditions that aren’t perfect for you to commit to something, but too often it is a sign that you are doubting your own ability to deliver or looking for reasons to avoid it. In my experience, people who rarely commit are offered fewer and fewer real opportunities.

8. Equate commitment with losing your freedom.

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Keeping every option open may sound good, but in truth, it’s just a chaotic fantasy. Growth and success are all about narrowing down the options, committing to one, and making it happen. Your customers and peers need to know specifically what you stand for and where you are leading them.

By eliminating these qualms and pushing outside your comfort zone, you’ll be able to handle more business commitments, more contracts, and more promises than you ever thought possible, leading to breakthrough growth and the fulfillment of your real potential. In my view, life is too short to be held back and stressed by our fears and self-doubts.

The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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Exclusive: Manufacturing a better way to reduce waste – TalkOfNews.com

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Manufacturing a better way to reduce waste

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The post Manufacturing a better way to reduce waste appeared first on Sage Advice United Kingdom.

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Exclusive: 3 Home Improvement Stocks That Can Renovate Your Portfolio – TalkOfNews.com

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3 Home Improvement Stocks That Can Renovate Your Portfolio

#Home #Improvement #Stocks #Renovate #Portfolio

During a bear market, home improvement stocks have historically been solid defensive plays

The housing sector is slowing down. Rising mortgage rates are having the predictable effect of cooling down demand.



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Or are they? While homeowners may not be able to get the same premium they could command just one year ago, there is still an ample supply of homes on the market. And once these homes change hands, new homeowners will be ready to make their new house their own.

However, that’s not the only catalyst for home improvement stocks. Homeowners who are deciding to “love it” rather than “list it” are likely to put some money into one of their largest investments as they wait for the housing pendulum to swing back in their favor.

In this article, I’ll give you three home improvement companies that continue to generate strong revenue and earnings. And two of these companies are also members of the exclusive Dividend Aristocrat club. These are companies that have increased their dividend for at least 25 consecutive years.

If that’s the kind of balance of growth and income that appeals to you, it may be time for you to consider these three home improvement stocks.

Lowe’s (LOW)

Lowe’s (NYSE: LOW) stock is down about 30% in 2022. That’s larger than the broader market. But in the last month, the stock is showing signs of forming a bottom. And with the stock near its 52-week low, it may be time for investors to take a closer look at the stock.

The driving force for that sentiment may be the company’s earnings. In May, Lowe’s closed out its fiscal year. Revenue growth came in at an uninspiring 1% growth. But earnings were up 19%. Even if companies are heading into an earnings recession, a P/E ratio that is slightly below the sector average means it’s likely that Lowe’s will be able to post growth, albeit perhaps slower growth, in its next fiscal year.

And Lowe’s offers investors a rock-solid dividend that it has increased in each of the last 48 years. The current payout is $3.20 per share on an annual basis, and the company has averaged 17% dividend growth over the past three years.

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Home Depot (HD)

Just as investors can debate Coca-Cola (NYSE: KO) versus Pepsi (NASDAQ: PEP) among consumer discretionary stocks, they can frequently plant their flag with Lowe’s or Home Depot (NYSE: HD) when it comes to home improvement stocks.

To be fair, neither of these stocks looks like a bad selection for investors who are concerned about a recession. Home Depot delivered a strong earnings report in May 2022. Revenue was up 3.8% and earnings per share were up 5.8%. The company delivered strong same-store sales growth that was due in large part to its relationship with professional contractors.

Of the three stocks in this article, Home Depot has the largest dividend yield (2.68%) as well as the largest payout ($7.60). And while it’s not a dividend aristocrat the company has increased its dividend in each of the last 14 years.

Sherwin Williams (SHW)

Paint is one of the most cost-effective ways to give a house a refreshing update. And as we move into the fall, homeowners attention turns to finding that perfect swatch of paint to transform a room. That’s enough to put Sherwin-Williams (NYSE: SHW) on my radar and perhaps yours as well. Historically the current quarter and the following quarter are the company’s strongest in terms of revenue.

But the skeptics will point to the fact that earnings have been a mixed bag. The company has missed analysts’ expectations in two of last four quarters and in the other two the gains were on the tepid side. And I’ll concede that a mixed earnings outlook will probably bring current price targets down from their 30% upside.

That being said, SHW stock offers both growth and income which is appealing in this volatile market. Sherwin Williams dividend yield of 1% isn’t likely to make income investors swoon. But the company does payout $2.40 on an annualized basis. The company also sports a three-year dividend growth of 24.26% and has increased its dividend in each of the last 44 years.

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Exclusive: VW and Goldman-backed battery maker Northvolt gets $1.1 billion funding injection – TalkOfNews.com

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VW and Goldman-backed battery maker Northvolt gets $1.1 billion funding injection

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Northvolt’s most recent funding announcement comes at a time when major economies are laying out plans to move away from vehicles that use diesel and gasoline.

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Electric vehicle battery maker Northvolt on Tuesday announced a $1.1 billion funding boost, with a range of investors — including Volkswagen and Goldman Sachs Asset Management — taking part in the capital raise.

In a statement, Sweden-based Northvolt said the $1.1 billion convertible note would be used to finance the company’s “expansion of battery cell and cathode material production in Europe to support the rapidly expanding demand for batteries.”

Other investors in the raise include Baillie Gifford, Swedbank Robur, PCS Holding and TM Capital.

Northvolt recently said its first gigafactory, Northvolt Ett, had started commercial deliveries to European customers. The firm says it has orders amounting to $55 billion from businesses such as Volvo Cars, BMW, and Volkswagen.

Gigafactories are facilities that produce batteries for electric vehicles on a large scale. Tesla CEO Elon Musk has been widely credited as coining the term.

Read more about electric vehicles from CNBC Pro

Northvolt’s most recent funding announcement comes at a time when major European economies are laying out plans to move away from road-based vehicles that use diesel and gasoline.

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The U.K., for instance, wants to stop the sale of new diesel and gasoline cars and vans by 2030. It will require, from 2035, all new cars and vans to have zero-tailpipe emissions. The European Union — which the U.K. left on Jan. 31, 2020 — is pursuing similar targets.

As the number of electric vehicles on our roads increases, the competition to develop factories capable of manufacturing EV batteries at scale is intensifying, with companies like Tesla and VW looking to establish a foothold in the sector.

In a statement issued Tuesday, Northvolt’s CEO and co-founder, Peter Carlsson — who previously worked for Tesla — was bullish about the future. 

“The combination of political decision making, customers committing even more firmly to the transition to electric vehicles, and a very rapid rise in consumer demand for cleaner products, has created a perfect storm for electrification,” he said.

According to the International Energy Agency, electric vehicle sales hit 6.6 million in 2021. In the first quarter of 2022, EV sales came to 2 million, a 75% increase compared to the first three months of 2021.

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