Shortform Books

How to Save for Retirement: Accounts Explained

How do you plan to save for your retirement? What should you do if your employer doesn’t offer a retirement plan? Saving for retirement is essential if you want to live comfortably in your golden years. If your company offers a self-directed retirement account, make sure you sign up to benefit from it (automatic enrollment is not always offered). If your company doesn’t offer self-directed retirement accounts, you’ll need to open an Individual Retirement Account (IRA). In this article, we’ll look at how to save for retirement with employer-offered and self-directed retirement accounts. We’ll also look at how you can

5 Different Types of Business Models to Consider

What makes a successful business model? What are the different types of business models? A successful business model is one that creates, and over time, builds upon a competitive advantage. In their book Business Model Generation, authors Osterwalder and Pigneur discuss five different types of business models: 1) unbundled, 2) long tail, 3) multi-sided platform, 4) free, and 5) open. We’ll take a look at the key elements of each of these formulas below.

Investment Biases and Loss Aversion Psychology

What are the most common investment biases? How do the authors of Nudge suggest overcoming those biases? In the book Nudge, authors Thaler and Sunstein note that the main reason people are nervous about investing and about defined contribution retirement benefits is because of the loss aversion bias. The authors discuss the nuances of loss aversion and some tips to overcome it. Continue below for advice on how to avoid investment biases, according to the authors of Nudge.

The 5 Steps to Awaken Your Consciousness as a Man

What does it mean to awaken your consciousness? What steps can you take to reawaken your consciousness as a man? In the book The Way of the Superior Man, David Deida says that there are five things men should do to awaken their consciousness. Without these practices, a man and his relationship will eventually stagnate and stop growing. Keep reading for Deida’s five steps.

How to Create a Career Progression Plan in 4 Steps

Do you have a career progression plan? How can you stand out from the crowd and get the position you want? While Positioning by Al Ries and Jack Trout is primarily about positioning a business for success, they show how you can apply the same ideas to personal professional advancement. They outline four steps to create a career progression plan and position yourself for success. Read more to learn how to design a career progression plan based on the principles of Positioning.

Giving Feedback in the Workplace: How to Do It Right

Mastering the Art of Giving Feedback in the Workplace

Is giving feedback in the workplace important? How do you give feedback effectively? Giving feedback in the workplace is crucial to the ongoing development of employees. It helps employees build confidence and identify areas where they need to improve. Effective feedback is ignores the discomfort that comes with telling others they are not performing to the required standard. Read on to master the art of giving feedback in the workplace.

Secrets of the Millionaire Mind: Book Overview

What is Secrets of the Millionaire Mind about? What do rich people do differently, according to its author T. Harv Eker? In his book Secrets of the Millionaire Mind, T. Harv Eker reveals the difference between rich people and poor people. This difference lies in how they’ve been conditioned to think and feel about money. Eker argues that these attitudes impel you to take actions that either move you toward financial success or away from it—if you aren’t happy with your finances, it’s because your unproductive beliefs about money hold you back from the financial success that you want. Below

Product Planning: Story Mapping & Customer Discovery

What is story mapping in reference to product planning? How does the customer discovery process help you find reference customers? There are two techniques you should use during the planning stage in product development: story mapping and customer discovery. Story mapping helps companies plan how to build products and customer discovery helps you find your loyal customers. Read about each technique below.

Business Model Canvas: Key Resources

What resources does your business deploy to create and deliver value to customers? What are the four main categories of a business’s key resources? Businesses’ key resources will typically fall into four categories: material, monetary, intellectual, and human. Typically, companies first identify the required resources to manufacture and distribute their services to customers. But there is an alternative way: some businesses use their resource limitations to inspire innovation. Keep reading to learn about Business Model Canvas’s key resources strategy.

How to Save for Retirement If You Are Self-Employed

How do you save for retirement if you are self-employed? What are some retirement account options available to the self-employed? If you are self-employed, retirement is a little trickier to plan. No human resources staffer is going to choose a retirement account for you, help you fill out the application, and set up automatic payroll deductions. It’s all a do-it-yourself job. In this article, we’ll take a look at the various retirement account options available to you if you are self-employed.