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10 Career Mistakes I Wish To Never Make

Making a good career is not a joke. Everyone has to work hard to make a good career. It’s not a normal way and not also what everyone expects. People make a lot of mistakes when they built up their career. These mistakes are almost common. They are:

Assuming a linear career

The first mistake they make is an assumption. The assumption is really bad and they collectively assume a lot of things without even asking or researching. One of those assumptions is that careers progress linearly. They think that they will make an internship after education and get a job. After 3 years of job, they will become a low-level manager and after a few years, they will move to a company which will provide them a better salary. But there is no guaranty of becoming a low-level manager within 3 years or getting a high salary in another company. It can easily take more time what everyone never thinks.

Prioritizing money

When everyone enters into their career their main attention goes to money. They become crazy to earn money. But only earning money is not the main thing to build a good career. They have to learn new things, making experiences, adding value to other people’s lives. It doesn’t mean that you don’t have to earn money. It means to earn much money that they need and spend the rest of their time increasing their skills. If they are experts in the management side but they have no idea about marketing and then they somehow lose their management job and involve in the marketing side, their career will be in threat. So, they need to gather knowledge about other things while earning money.

Wasting time

Time is the most valuable thing in shaping up a career. But most people of this generation waste them a lot by using the internet or watching tv or pointless shopping or leisure activity. Though entertainment is important in life it doesn’t mean that they have to waste every free minute they have. They can use their free time by developing their career. They can do something which can make them an expert.

Choosing a job over an industry

After completing education, they try to find a job in every type of industry. They find a different job but in most of the cases, they don’t find their interesting job. Because the industry has different jobs. Less interest makes the job uncomfortable for them. Then most people try to find a new job which makes them retreat. Cause they have given time in one job and they have to give time a lot in the new one. So, everyone should choose an industry where they can find a suitable job.

Getting comfortable

After working hard a few times they think that it’s time to take a rest for some time and then they make one of the biggest mistakes. No one is safe. Cause life is a competition. If they take rest for a while their rivals who are eagerly waiting for that scope will make the best use of this. So they never have to feel comfortable. They have to work hard a lot to make themselves successful. After gaining success there has no time even to waste. Working is the only thing to make a successful career.

Not asking for things

Every job is attached to the business sector in one way or another. So other people will try to take their spot, push them over or mess up their career. Even in this way they can find that their career has been destroyed. The main problem is that people are shy about asking anything. Asking logical things is the right of an employee. If they want to work on any other thing they have to ask. If they want to increase their salary they also have to ask. Cause no one will give them anything for free.

Not following your interest

There are two types of people. One type of people who follow their own passion and others do not. If they don’t follow their passion they can easily lose interest. As like one is expert in both management site and marketing site but his passion is management. If he works in a marketing site he will lose his interest gradually. It is only for passion. Some people say that they don’t follow their passion. Surely, they will suffer a lot in their career. Cause if they have a passion for something they can’t do the other things with a little bit of interest.

Not listening to people

When people complete their education, the biggest mistake they make is they think they are mature enough to make decisions. They don’t listen to those people who have experienced them. Experienced people can tell them the scope, danger, probability of a specific job. They also can say which jobs will give them future security and which not. But the main problem is they don’t even try to listen to them and in the path of their career, they struggle.

Wanting too much, too quickly

While building a career, everyone has to keep patience. Because a career doesn’t follow a linear line. They can’t leap from zero to top within one day or make a giant leap. But everyone thinks that they can become successful overnight. This is too much wanting. Building a career will take a lot of time. Then there are always ups and downs. They have to overcome these. Keeping wants easy and slowly gaining everything will make their career-best.

Not asking for help

Though they can be an expert in one subject but not perfectly. They need more knowledge. But the problem is when they think they are experts, arrogance raises up in their minds. They think that why should they consult with a matter that they know well. In this way, they make bad decisions which hamper their career. So, when making any decision, they have to consult with their colleagues.

If these 10 mistakes everybody can lessen in their life, they can make a better way to build up a good career.

Sources: theladders.com, observer.com, (Darius Foroux’s Confession)

Written by
Md. Istiak Ahmed
Faculty Of Business Studies 10th Batch
Department Of Management
Session: 2019-2020
Mawlana Bhashani Science And Technology University, Santosh, Tangail.

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Case Studies

10 Successful People Who Changed Their Careers After the Age of 30

People say that age is just a number. Well, is it really true? Most people feel insecure and anxious about undertaking any decision that contains risk after a certain age. After settling in a job, most people want to stay put rather than taking any risk. Many inherit innovative ideas but they lack the courage to go forward with that idea because of different kinds of mental pressures. Many fear that staying in an old underprivileged job is better than pursuing their dream and be unsuccessful and lose everything. Age is a big restriction for many.

But sometimes knowledge gained through age is necessary for becoming successful. Here is a list of 10 successful people who changed their careers after the age of 30. Indeed, exception can’t be an example but the names in this list may inspire you to pursue the loving dream that you hold.

Ray Kroc

Raymond Albert Kroc is the original mastermind who is behind the success of McDonald’s. In 1954 at the age of 52, He bought the California company McDonald’s 1954, after the McDonald brothers had franchised six locations out of their original 1940 operation in San Bernardino. He took control and made McDonald’s the best fast-food chain in the whole world.
But before buying McDonald’s he worked as a milkshake mixer salesman for the foodservice equipment manufacturer Prince Castle. And before that, he was a Red Cross ambulance driver at the age of 15 during World War I.

Colonel Sanders

Every fast-food lover has heard the name of KFC. But Colonel Harland David Sanders, the founder of KFC can be the best example for the term “Age is just a number.” He was 62 when he started and franchised fast-food chicken restaurant chain Kentucky Fried Chicken (also known as KFC).
Before starting KFC, everything Colonel Sanders touched eventually turned into failure. He tried various jobs all-over his life but couldn’t find success. Even in social media, various motivation posts can be found under the name of Colonel Sanders.

Jeff Bezos

Jeff Bezos, presently holding the title of Richest Man in the world, also started his venture after the age of 31. He is the first centi-billionaire (those who possess a net worth of more than $100 billions) on the Forbes wealth index and holding the title of Richest Man in the world since 2017. In 1994, he started Amazon with the idea of opening an online bookstore. He’s also the owner of The Washington Post and founder of the space exploration company Blue Origin.
Before that, he was successfully working in Wall Street to look at the business of several financial firms and doing well in his career in computer science.

Jack Ma

Jack Ma’s life is perhaps the greatest example of success through failure. He failed many exams in his school, he was rejected 10 times in Harvard. He was turned down in 30 job applications. He was the only interviewee (out of 24) rejected by KFC. But in 1999, at the age of 33, he founded his own venture Alibaba group and became one of the Richest Man in the world. Though recently in September 2018, he retired from Alibaba at the age of 55.

Arnold Schwarzenegger

Arnold Schwarzenegger rose to fame as the world’s top bodybuilder, who decided to become an actor at the age of 30. He also tried various careers before becoming an actor. He was also successful in those. At the age of 56, he pursued politics and became the Governor of California in 2003. As of 2020, he is the most recent Republican governor of California.

Harrison Ford

Harrison Ford worked as a carpenter to support his family financially. His father was a carpenter and his future career goal was also doing woodwork. At the age of 31, he found his love for acting and joined Hollywood. Now he is one of the most reputed actors in Hollywood. He is known for his roles in famous movies like Star Wars, Blade Runner, Indiana Jones, etc.
Ford studied English and philosophy at Ripon College in Wisconsin. However, he ended up leaving before completing his degree.

Vera Wang

Vera Wang has known her works in the fashion industry in the US. She is a very reputable fashion designer. But she joined the fashion designing industry at the age of 40. She was a senior fashion editor at Vogue for 15 years and then a design director for Ralph Lauren. After designing her own wedding dress, she opened a bridal boutique and soon launched her own signature collection. Before joining the fashion industry, she worked as a figure skater and journalist. However, she fell short of her Olympic dreams when she and her partner, James Stuart, placed fifth in the junior pairs competition at the 1968 U.S. National Championships.

Sara Blakely

Sara Treleaven Blakely is an American businesswoman, entrepreneur, and philanthropist, and founder of Spanx (Spanx, Inc. is an American underwear maker focusing on shaping briefs and leggings, founded in Atlanta, Georgia).
Her 1st plan was to become an attorney but she scored very low on the Law School Admission Test. Then she worked at Walt Disney World. After that, she also occasionally worked as a stand-up comedian during this period. Then she sold office supplies for 7 continuous years by doing door-to-door marketing.

Cher Wang

Cher Wang is the Co-founder and chairperson (since 2007) of HTC Corporation and integrated chipset maker VIA Technologies. HTC Corporation was one of the biggest giants in the smartphone industry. She started HTC Corporation at the age of 39. Before that, she was a general employee in her sister’s company. She got birth in one of the powerful business family of Taiwan. She created HTC with the hope of making handheld computers that could fit into pockets.

Jonah Peretti

Jonah H. Peretti is an Internet entrepreneur, a co-founder and the CEO of BuzzFeed, co-founder of The Huffington Post, and developer of reblogging under the project “Reblog”. He started The Huffington Post at the age of 31. Before that, he taught computer science classes at Isidore Newman School in New Orleans, in the mid-1990s. He also worked as a computer teacher helping school-going children to learn using Microsoft Excel.

While this article may not give you too many insights about these personas but this can give you enough motivation to pursue your own dream. Run for your dream and go for your passion. Love your work and money will find you.

Writer By

Shimanto Saha
Student at Mawlana Bhashani Science and Technology University
Department of Business Administration

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Business Stories

Technology Trends Transforming the Future of Business

Technology in Business

Today we are surrounded by such amazing technologies that are constantly making our lives easier and more comfortable. Technological advancements are more impactful in the business world. Because to compete and succeed in this digital world, adopting modern technologies is no longer optional. And many upcoming technologies will be game-changers for businesses.

Here are Some Top Technology Trends that will Take Businesses to the Next level

AI and Machine Learning

Artificial Intelligence (AI) is that horizon of the modern age which can bring many possibilities. AI enables machines to imitate human behavior (like decision-making, learning, perceiving, etc.) and even exceed it (cognitive computing). Machine Learning, considered as a subset of AI, has shaped the way of interaction with computer equipment.

AI and Machine learning have already begun to change the business world. From product planning to manufacture or identifying customers to help them find the desired product, these technologies have proven themselves effective in almost every sector. Companies like Google, Facebook, and Amazon are using AI and Machine learning for improving the searching experience and simplifying customers’ shopping experience. The MIT Sloan Management Review — “2017 Artificial Intelligence Global Executive Study and Research Project” found that 85% of executives believe AI will help their businesses gain or sustain competitive advantage. Economists have addressed AI as a core empowering technology of the — 4th Industrial Revolution. According to them, AI will contribute $15.7 trillion to the global economy by 2030.

Big Data Analytics

The term, ‘Big Data’ is used to refer to those massive and complex data sets which are beyond the capacity of traditional data processing and storing applications. Big Data Analytics assembles all the required tools for processing and analyzing those huge data sets. Reports from International Data Corporation (IDC) claim — the global data volume to grow from 4.4 zettabytes to 44 zettabytes between 2013 and 2020. IDC predicts the data volume will reach 163 zettabytes by 2025.

Now, big data is invaluable for today’s business. In this competitive world, every organization, large or small, needs insights and data of their customers, suppliers, vendors, and so on. Big data Analytics makes it possible for businesses to process huge amounts of data. Thus, a company can use those data for making more informed decisions, identifying actual customers and improving customer service, better marketing campaigns, and effective operations. So the more data you can manage, the more money you can make.

Internet of Things (IoT)

We now live in a world where not only devices like computers and mobiles but almost every possible thing that can be connected is being connected. From home appliances to mechanical machines, vehicles, digital devices — all are being web-enabled. This vast network of billions of connected devices all over the world is creating what we call the Internet of Things (IoT) or the Internet of Everything. All the connected devices of IoT are provided with unique identifiers (UIDs) and have the ability to transfer data over a network. The number of IoT devices is estimated to be 30 billion by 2020. IoT is expected to generate a global market value of $7.1 trillion by the same year. Again IDC predicts — worldwide spending on IoT will pass $1 trillion by 2022.

Growing IoT brings new opportunities for businesses as well as the challenge of managing large amounts of data. Industrial IoT (IIoT) enables manufacturers to process and analyze data from connected equipment, operational devices, locations, and people. They can increase automation by using IoT to a large extent. Also, businesses can enhance customer services through real-time insights.

IoT is changing the way things work. Because everything is connected.

Edge Computing

Today for every industry, storing and processing growing amounts of data is a major issue.  It’s a big challenge indeed — skipping latency as well as saving time and cost. Here comes Edge Computing which ensures time-efficient data processing and analyzing with minimum use of bandwidth. The thing is, at the edge of a network, data tools (servers, processors, storage) can be placed as close as possible for the real user of the data. It can be done by reducing cloud processing and distributing those processes locally (on edge servers, user’s computers, IoT devices). The distributed computing paradigm makes it possible to minimize latency as well as high-speed data processing.

Edge computing will enable businesses to store data in their suitable locations. Then processing data at the network edge, they can minimize the cost and time of cloud processing. Thus, by using Edge computing, companies can analyze real-time data. It will also help to ensure efficient and fast manufacturing by reducing field hazards. Tech giants like IBM, Microsoft have already started to develop infrastructure for Edge computing.

5G

5G is one of the most anticipating technology trends of recent years. From its developing period in 2018, it has created a buzz around the world. Since it is almost in the finish line, big players are boosting their adaptation process for this immense power.

5G stands for fifth-generation cellular networks or communications. Among its major features, ultrafast data transfer speed (10 to 20 Gbps or more), lowest latency & fastest responsiveness, huge network capacity — are astounding. It will give more reliability and increased availability. 5G will be the key for businesses to maintain full wireless operations and get rid of cable threads. By connecting a massive amount of IoT devices, 5G will enable companies to operate with maximum efficiency. According to the study of Qualcomm, 5G will provide $13.2 trillion dollars of global economic output by 2035.

Industry experts believe that 5G will work as the backbone of major future technologies. Rather than a telecommunication network, 5G is considered as a user experience.  Don’t worry, you can download your movie in just 2 or 3 seconds with that.

Virtual, Augmented & Mixed Reality

Virtual reality (VR) is a simulated experience that immerses users in a fully artificial environment. Augmented reality (AR) is an interactive experience that overlays virtual objects on the real-world environment. Encompassing both AR & VR, Mixed Reality (MR) produces a whole new environment where physical and digital objects interact in real-time.

Most people know about VR. AR has become popular in the last few years. And MR is no longer a tech that can only be seen in hollywood movies.

VR, AR & MR have become a big industry with exciting innovations. Popularly used in the gaming, entertainment and training sectors, these technologies have a huge potential for every business. Their application will enable customers to experience real-time virtual interaction with new products and services. Construction and product-driven industries can use these techs for designing and visualization of their products. The most popular example of MR tools would be Microsoft HoloLens. Other big players like Google, Apple, Facebook are making a huge investment in VR, AR & MR related techs.

Autonomous Vehicles

Yes, science fiction is becoming reality. Over 40 companies around the world are involved in developing autonomous or self-driving vehicles, among them Tesla, Alphabet, and Waymo are prominent. By using a variety of sensors, control algorithms & connectivity, Autonomous vehicles are capable of sensing its environment and moving safely without human involvement.

Due to multiple implications for businesses, the Automotive industry is growing rapidly. Autonomous vehicles will be benefited mostly for transportation, shipping, delivery, supply chain & logistics, energy, agriculture, infrastructure, and other related sectors. Developers believe these vehicles would be a better option for cost-friendly long-distance travel.

According to ABI Research, around 8 million autonomous or semi-autonomous vehicles will be on the road by 2025. During an event, Elon Mask, founder and CEO of Tesla and SpaceX, has stated, “From our standpoint, if you fast-forward a year, maybe a year and three months, but next year for sure, we’ll have over a million robo-taxis on the road.”

Blockchain

Anyone familiar with cryptocurrency, would have heard the term, ‘Blockchain’. In simple words, Blockchain is a distributed, decentralized, and open record-keeping system (ledger) of digital transactions. Thus, It is defined as a Digital Ledger Technology (DLT). As its name suggests, a blockchain is made up of blocks of information strung one by one and each block must contain a unique code of the previous block called cryptographic hash. Whenever a transaction occurs on a supported network, a new block consisting of transaction data will be created after being verified by the parties/computers of the network. Though open or public, it is almost impossible to manipulate this system because of being immutable.

Blockchain has become a buzzword in recent years and is now considered as one of the most crucial technologies for future businesses. The costly and laggy approach is a major problem for every business while transacting assets. Blockchain has the ability to become a more secure, transparent and cost-effective alternative to traditional transaction methods. Also, it will speed up the financial operations and make them more efficient and faster.

Cryptocurrency

Cryptocurrency is a digital or virtual currency that can be used as a medium of exchange while making online transactions. Based on cryptography, cryptocurrencies require the digital ledger technology — Blockchain to record transactions. In 2009, a person or a group named Satoshi Nakamoto launched the first ever cryptocurrency called Bitcoin along with blockchain.

Unlike paper currency, cryptocurrencies are decentralized and not authorized by any bank or country. But increasing online transactions using smart payments, make businesses reconsider the traditional payment methods. Thus, cryptocurrency is the potential alternative to reshape the financial face of everything. It will ensure a faster and easier transaction without third parties (bank or credit card company) involvement.

After the price jump of Bitcoin in 2017, industry experts are taking cryptocurrencies seriously. Facebook is already working on its own cryptocurrency project called ‘Libra’. Some small and big companies are trying to develop Stablecoins, a type of cryptocurrency that are backed by reserve assets and can offer price stability.

Automation

Automation is no longer just about production with advanced machineries and robotics. It has become a technology trend aimed at giving new momentum to every business activity. By using various automation tools and softwares, businesses can automate their operations. This will help to reduce costs, human errors and procedural delays. Automation is also applicable for small businesses. They can use a variety of automation tools that help them stay competitive.

Over the last couple of years, the rate of automation in every sector is growing rapidly. Tech giant Amazon is now running its cashier-less automated grocery store — Amazon Go. Currently, on average 51% of companies are using marketing automation — according to Emailmonday. However, in most cases, automation is reducing job opportunities, but companies are focusing on automation to provide greater customer value and become more productive.

Technological advances always bring new business opportunities. And in the near future, technologies will reshape every business process.

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