Octane Blog

28 August, 2019

How to Pull Yourself Out of a Mental Low Point

finding calm at work Because being an entrepreneur is hard. And low points are inevitable. Written by Mike Scott, co-founder and CEO of NONA, a software development studio based in South Africa.

I started my first business when I was 16, and as I write this I am 36. In my 20 years of being an entrepreneur, I cannot even begin to count the number of times that I have had bad days that could have been the beginning of the end for the business in question. But they weren’t.

There’s a lot of press about the overnight successes, but the reality is that being an entrepreneur and business leader is about the hard, often lonely, work in between the few moments of clarity and celebration.

Being able to thrive in those less-than-newsworthy periods in between the moments of celebration is what makes a successful entrepreneur. It’s about continuous disciplined execution—and that is not easy.

This is why I developed a process that I activate whenever I hit a low point. I wanted to share it because it has helped me so many times. (more…)

Categories: HEALTH

Tags: EO Adelaide mental health Mike Scott NONA

26 August, 2019

For Greater Retention, Offer a Stake in the Company

employee retention Written for EO by Jeff Thompson, managing partner at Windermere Group One (WGO)

What do 9-to-5 office workers and rock stars have in common? Maybe not much on the surface, but their incentives should be similar. Though each member of a band brings unique skills to the enterprise, they have to pull together as a team to make better music than the competition. When they hit a groove, they all ride the wave—and if they can’t get the next gig lined up, they all suffer.

Contrast that picture with an all-too-typical corporate scenario. Many employees just come in, do a job, and get their paycheck and perks. They feel zero ties to the company because they’re not impacted by its success. Eventually, they’ll ditch the band and look for the next big thing.

This philosophy of one-step-removed workers doesn’t promote employee retention or loyalty. What does? Giving personnel a stake in their employer’s total economic rise or fall through ownership. (more…)

Categories: PEOPLE/STAFF

Tags: employee retention Jeff Thompson Windermere Group One (WGO)

23 August, 2019

EO GSEA Finalist Talks Takeaways

EO is committed to supporting the next wave of entrepreneurs. One way do that is through the EO Global Student Entrepreneur Awards (GSEA), EO’s premier competition for university students who own and operate a business. The annual competition culminates with the Global Finals, where finalists from 50-plus countries compete and make connections with both seasoned entrepreneurs and fellow “studentpreneurs.”

One of the 2019 EO GSEA US finalists, Benjamin Steinhorn, is an Oregon State University graduate and co-founder of ShoeBio, an online shopping site with a mission to provide consumers the best prices on their favorite sneakers.

We recently caught up with Benjamin to learn more about his entrepreneurial journey and how EO GSEA has shaped his business.

When did you know you wanted to be an entrepreneur—specifically a shoe entrepreneur?

I first became a sneakerhead back in sixth grade. I was watching an episode of “MTV Cribs” that was profiling 50 Cent. He had a huge mansion in Connecticut stocked with all the coolest technologies and cars you could want. When the camera panned to his closet, I laid my eyes on hundreds of the latest sneakers in every color imaginable! I knew right then, I had to have that kind of closet. (more…)

Categories: general STARTUP

Tags: Benjamin Steinhorn gsea ShoeBio studentpreneur

21 August, 2019

Should Entrepreneurs Trust Their Gut?

decision-making

Written for EO by Dr. Gleb Tsipursky, disaster avoidance expert, speaker and author.

Decision-making research shows that many entrepreneurs don’t know when to rely on their gut instincts and when to follow reason. Here’s a pop quiz for you:

Let’s say you’re interviewing a new applicant for a job and the interview feels a little off. You can’t quite put your finger on it, but you’re uncomfortable talking with this person. She says all the right things, her resume is great, she seems like a perfect hire—except your gut tells you otherwise.

Should you go with your gut? (more…)

Categories: INNOVATION LEADERSHIP PEOPLE/STAFF

Tags: decision making Disaster Avoidance Experts Dr. Gleb Tsipursky gut instinct Never Go With Your Gut

19 August, 2019

Making Steps Toward Better Mental Health in Your Workplace

Written for EO by Angela White, an ed-tech consultant and contributor.

Despite options like remote work and virtual offices, adults will spend at least one-third of their lives working. And our workplace environment, culture and habits have a significant impact on our health—particularly our mental health—which, in turn, has a great effect on our productivity.

In fact, a study led by World Health Organization (WHO) estimates that depression and anxiety disorders cost the global economy US$ 1 trillion each year in lost productivity. The organization further states that “Employers and managers who put in place workplace initiatives to promote mental health and to support employees who have mental disorders see gains not only in the health of their employees but also in their productivity at work.” (more…)

Categories: BUSINESS GROWTH HEALTH LEADERSHIP OPERATIONS

Tags: Angela White Employee net promoter score (NPS) software mental health Mental Wellbeing survey

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Making Steps Toward Better Mental Health in Your Workplace

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