Managing Former Peers (A Cheat Sheet for Busy Managers)

Managing former peers is probably your most immediate challenge if you’ve just been promoted. Below we suggest five key steps to managing peers.”Congratulations… you’ve got that promotion you wanted so badly. Now go fire your best friend.”5 Steps to Managing Former Peers
Decide if you actually want the job of managing peers
Reach out to all stakeholders
Establish one on ones with your new direct reports
Strike the balance between over and under managing peers
Be a professional
Decide if You Actually Want the Job of Managing Former PeersJust because you are offered a promotion, doesn’t mean you necessarily have to take it. You need to think through whether you want the added burden of managing peers. Some things to keep in mind:
Your peer relationships will change whether you want them to or not. Don’t be naïve enough to think they won’t.
You can’t control others’ attitudes and/ behavior. Even if you are ready to make the new relationship work, that doesn’t mean others will be as willing.
If your personal relationships at work are really important to you, you may want to decline your new role of managing peers.
Reach Out to StakeholdersFor anyone in a new position of leadership, it is crucial to reach out to important stakeholders. It is especially important when managing former peers. You should speak with your new direct reports, your boss, and other people you interface with often. Here are some thoughts as to what to ask them:
What would you focus on if you were me?
What can be done better?
What would you suggest is the top priority?
Be systematic and thorough – even when it becomes onerous and time consumingEstablish One on One Meetings With New Direct ReportsWhen managing peers, it is important to establish structured and regular one on one meetings with these people. Well-executed one on one meetings will ultimately save you time, and make managing peers easier. These meetings provide an opportunity to:
Set expectations
Reinforce and reward desired behaviors and performance
Communicate and clarify roles and goals
Update status on action plans.
Best of all, regular one on one meetings significantly reduce the number of “drive-bys” or drop-in meetings when managing peers.Strike the Balance When Managing Former PeersDo not come on too strong and micromanage your new situation. BUT… you are no longer “one of the girls”, either. If you experience any significant challenge to your authority, you need to deal with it directly and quickly. Also make sure you delegate appropriate when managing peers. If you hoard all the work yourself, you will ultimately fail.Be ProfessionalProfessionalism is paramount when managing peers. In order to do so effectively, you need to detach yourself from your personality, and rather view yourself as the new manager of the group or department. Here are some guidelines for maintaining professionalism when managing peers.
Stay focused on facts
Maintain confidences
Tow the company line. You are management’s representative in your work group. You undermine your own credibility, and are not doing your job if you don’t properly represent management views.
You need to refrain from company gossip and going out for cocktails with you direct reports should be done with extreme caution.
Don’t play favorites
3 Things to Remember About Managing Former Peers:
Figure out if you really do want the opportunity. Most often you do have the opportunity to say “no”.
Your friendships will change. It won’t be the same once you are the boss.
Communicate several times. Everyone in a new leadership role should look to over-communicate by a factor of ten.

Special Training For Brain Development Of Kids

Many researchers have proven the fact that functioning of brain cells of infants is twice active as adult’s brain. Neurons are the brain cells that connect together and power of neuron have the potential of a PC. Connectivity of neurons decides the smartness or intelligence of individuals. In human, brain development and the learning ability of an individual is 50% in the first four years of age. The nerves of individuals are reduced as they grow up and this is why the 1000 trillion nerves present in an 8 months baby are reduced to 500 trillion as it grows up. A child that has given more opportunities to explore will be much smart.

A majority of children, more than 90% of them use their left brain, but the imperative fact to remember is the right brain must also be utilized. Education system present in almost all the schools is designed to develop or use the left brain. Right brain is never the less significant because it is responsible for creativity, arts, feeling, imagination, visualizing, daydreaming, rhythm, holistic thinking and many others. Hence it is equally important to develop both side of brain. It is also most important to take steps to keep both the brain much active, by keeping them to perform analytically on an equal basis. It is the responsibility of parents to give activities to their children that ensures the involvement of both brain. If both brain used by children it is probable to enhance their learning power and they can also increase their brain power. If brain development programs are offered to children they can make most of the program and develop their skills to give work to both side of brain and remains high in intelligence level. Development of brain in human beings is based on the degree of how much it is used. If it is left unused there are more probabilities for individuals to lose as brain works on the basis of use it or lose it.

To ensure the progressive brain development in children, it is the role of parents to introduce their children with a reputable brain development program. Most of the experts suggest step by step educational program to the children which is systemic and efficient. Nowadays it is very simple to find out a lot of schools which not only gives importance to academic program, but they also boost the creativity of children through their extracurricular activities. It is probable to search internet and get hold of relevant schools that present with a variety of activities to stimulate the brain and encourage the development of children. A total development program to stimulate mental activity of children is also found out in the online sites and parents can try out these activities with their children while they are at home. Getting education from a school that implements total development program is much beneficial. Search for such schools and secure admission to enhance the future of the children and boosts in brain development.

5 Ways of Financing Investment Properties

During the height of the economic crisis, a lot of people were hesitant to invest in real estate as a result of the housing meltdown. Fortunately, this stage has passed and the industry seems to be making a comeback. Today, you can easily buy in a down market and make a huge profit. But of course, you need to do your research depending on the type of investment you’re planning to make.

A good rule of thumb to follow before investing in real estate is that you should have an excellent credit rating, and you should feel financially secure. This way, even if you unfortunately experience some downsides to your investment, it wouldn’t have that much of an effect in your life. The upside is that you’ll earn a significant profit; you’ll consider real estate investment as a lucrative main or side business venture.

Now, the one problem you’d have when dabbling in property investing is where you’ll get the funds you need. How are you supposed to finance your real estate investing venture? Here are the top five ways on how you can do just that:

1: The Traditional Way

You need to have a solid credit rating and be financially stable before trying to invest in properties. The traditional way to finance real estate investments is to borrow money from banks, credit unions, home mortgage companies, and other financial institutions. Most of these have a high credit score requirement. You also need to provide a full documentation of your income and debts, and you need to shell out at least a 10% down payment. Overall, this is one of the safest and most well-known methods of financing real estate investments.

2. The Lease Option

An unfamiliar yet still suitable form of financing investment properties is the lease option. It allows you to own property for little or even no down payment. Within two or three years, you can be given the right to purchase the property while you’re still looking for financial backing. It can also be arranged that a percentage of the monthly lease payment goes towards the balance of the cost of the property.

3. Through Seller Carry Back

Also called buying on terms or creative financing, seller carry back refers to any method of financing aside from the traditional one. This is a good way for investors to use as little of their own money as possible, where sellers usually agree to carry the note of your purchase.

4. The Seller Second

For this, the seller provides a second mortgage and cash flow notes are usually involved. For example, if you’re pre-qualified for a loan which requires you to shell out 20% down payment, an offer can be made so that the seller can carry a cash flow note for 20%. The one thing you need to check when going for this option is that the loan you’re qualified for should allow a second mortgage attachment. Although there are some loans where this is a possibility, seller seconds are not allowed in most cases.

5. Using the Subject-To Method

Finally, you can go for the subject-to method which is a short-term solution for real estate financing. It means that the investment is subject to existing financing. When you purchase a property, one condition is that the existing financing stays in place. The title can be transferred but the loan will still be under the seller’s name, although the buyer is already making the payments. This financing is suitable for properties that are about to be foreclosed.