Tuesday, September 22, 2015

Africans’ financial lives—from getting paid to taking out loans—are happening on mobile phones

It’s no secret that mobile money is the primary banking tool of choice for many Africans. This year alone, $33 billion is expected to change hands via mobile services on the continent. That’s almost much as the GDP of Ghana.

A recent survey done by SOKO Insight, a research firm, looked at mobile-money usage in Ghana and Kenya, where almost two-thirds of mobile owners now have mobile-money accounts.

And where it was once mainly a tool to send and receive cash, mobile money has also become an increasingly common way for people to pay their bills, receive their wages, and even get loans:

The rise of mobile money in Africa has put traditional banks on the defensive, with mobile-phone companies doing double-duty as financial institutions. Still, banks remain the provider of choice for financial products, according to SOKO Insight’s survey:

But for how much longer? Users say mobile money is almost as easy to use as traditional financial services, and more affordable:

Banks have responded to the competition by coming up with their own mobile-money platforms, in some cases partnering with mobile carriers to do so (the classic “if you can’t beat ’em, join ’em” strategy). Kenya’s second-largest bank, Equity Bank, launched Equitel earlier this year in collaboration with Airtel. It gives a whole new meaning to the concept of a “phone bank.”

The end is nigh: Robots and drones are working together

The robot uprising seems to be closer every day. Scientists from the Swiss Federal Institute of Technology (ETH) Zurich have built a robot dog that has a built-in pet drone it can deploy from its back Popular Mechanics reports.
Last week, researchers from ETH Zurich showed off a team of drones that could work together to build a bridge, without any human interaction. Now, the university has also created a frisky, capering robot with rather creepy giant blue eyes that works in tandem with a quadcopter drone.
The robot was created by the Autonomous Systems Lab at ETH Zurich, the lab’s deputy director, Marco Hutter, told Quartz. The drone on top is controlled by a winch, which is powered by the robo-dog.
Hutter said the drone would provide the autonomous robot an “eye in the sky,” and could potentially be developed to aid in search and rescue missions. The drone could act as a scout for the robot, showing it which way to proceed in an emergency situation. (Extrapolating wildly, this research could also set us upon the path to figuring out how to effectively build the first real version of Voltron.)
Hopefully, however, these robots don’t team up with Google’s Atlas robot, which can now barrel through the forest, or find the North Dakota police’s mace-equipped drones—or humans might be in for some trying times.



5 Things You Wish You Knew Before Starting Photography Business



1. Be More Than a Photographer
Having great photography skills is what will prompt you to start the business, but this won’t be sufficient to run it in the long run. Starting a business demands wearing dozen of hats at once. You are photographer along with a customer service expert, you are a book keeper along with a marketing manager, and you are a social media executive along with being your own secretary. To get the most out of your business, take charge of all the aspects necessary.
2. People Skills are Most Important
Despite of the fact that a photograph is a personal trophy, the photography business itself is a people business. No matter what kind of photography you prefer and like, ultimately you are going to work for your clients. Your business will flourish best when you and your clients are on the same page. Try reading a book called How to Win Friends & Influence People. This will let you have great relationships with your clients which in turn will help your business grow.
3. Do Not Spend on Flamboyant Gears & Accessories
To bring that extra dose of panache to the business, many young photographers indulge into shopping sprees that include having fancy bags, lens and stands. The loop hole is that, for a photographer, purchasing new accessories can be addictive. It’s hard to convince yourself that the new stylish lens won’t help you in bagging new and better clients, because it just doesn’t. Stay focused and stay away from distractions.
4. Branding Is As Important As the Lens
Instead of stuffing in fancy accessories and irrelevant office stationeries, you should focus on having a strong brand appeal on social media platforms. The traditional form of advertisement is a passé and is useful only for certain big companies, but for a photographer, whose prerogative is to showcase his skills, and not spread out information, a social media presence is almost vital. You can begin the process of branding by ensuring a creative social media page design.
To attract sales and get your startup off the ground, you’ll want to advertise. You’ll want to market your expertise in the field of photography. You’ll need a logo, for one. Professional business card design, for sure. Website that you can use to build awareness for your brand, that is important too.
5. Go Easy on Your Clients
When dealing with your clients, know these 3 golden rules.
  • Create a flexible payment system.
  • Develop PDF’s for them in the entire process.
  • Understand the importance of someone hiring a professional photographer
Photography is a powerful medium of expression and communications that offers an infinite variety of perception, interpretation and execution. Business on other hand is about profits, time management, client handling and brand reputation. The alchemy of arts and business is a skill too hard to master, says photographyconcentrate.com. Hopefully, for some of you, these above listed steps will come as a blessing in disguise.

Monday, September 21, 2015

Can't Vacation? Here is the science of how to recharge fast.

As for employers, they appreciate that their employees check in while on vacation and are only an email away. After all, their employees’ continued presence even while on holiday will ensure that nothing falls through the cracks and that there will always be a go-to person. Research shows that managers tend to judge employee commitment to the organization by their levels of “citizenship behaviors,” which sometimes includes going above and beyond their job tasks to serve the common good. If managers confuse not taking vacation with citizenship, or are not supportive of taking vacations, then employees will leave much more vacation time on the table regardless of the overall organizational policies.
Unfortunately, the logic of both employees and employers is highly flawed. Both fail to realize that cutting into vacation time is actually detrimental to both organizations and their employees both in terms of financial and productivity costs. But while I wish it were different, I recognize that if you don’t get much vacation time, can’t afford to take any time off, or work for a boss who scowls at the idea of a two-week vacation—or even a single full week off—you will have to figure out a workaround.
It’s vital that you do so. Research by Sabine Sonnentag suggests that detaching from work is essential to enhanced productivity. Her work has shown that, while people who do not detach from work suffering from greater levels of exhaustion, those who do recover from job stressand are more likely to have higher engagement levels at work.   “A high level of recovery and work engagement seem to reinforce each other,” as she explained to me in an interview.
As Worline explained to me, “We all need to unplug now and then! In fact, we come back better able to perform when we allow adequate breaks, and there’s a good deal of evidence that shows this across very different kinds of industries.” This is true especially when work demands are high – which is also when professionals might be least likely to give themselves a break. “Research on what it takes to thrive at work shows that high intensity jobs that require a lot of thinking and learning hit a tipping point at which we can no longer perform unless we allow for periods of recovery that build up our vitality.” How can HR professionals make sure that personnel will actually detach from work? Worline, who also collaborates with our center at Stanford, the Center for Compassion and Altruism Research and Education, suggests that “Human resource professionals can educate people within the organization about the value of breaks, and can look at accrued vacation time as a red flag for burnout.”
If you really can’t take a proper vacation, Adam Rifkin, successful Silicon Valley serial entrepreneur and founder of PandaWhale, suggests “taking a little downtime every day rather than pushing it off for some getaway week.” Sonnentag’s research also suggests that if you make an effort to completely disengage from work when the workday is over – by, for example, engaging in a hobby you enjoy, exercising, or taking a walk in nature – you will reap the benefits: you will feel less fatigued, more engaged at work, and more energized when you leave work. Research on energy management at work shows that taking micro-breaks at work (by, for example, listening to music) leads to less fatigue and greater vitality.
On weekends, however, leave micro-breaks behind and make sure to take full advantage of two full days of rest for maximum recovery. As UK researcher Peter Totterdell told me, “Well-being tends to be worse on a first rest day compared to the second rest day, and when shiftworkers return to work their satisfaction is higher following two days off rather than one rest day. So this really does suggest the value of a ‘weekend’ break.”
And when you’re taking your daily break or your weekly days off, don’t just sit in front of the TV. Totterdell adds, “Research on mood states during different activities indicates that active leisure (e.g., conversation, hobbies and exercise) is associated with more positive mood than passive leisure (e.g., TV, home computer).” One kind of activity does not fit all, however. Totterdell adds that “research on sustainable happiness indicates that the activities need to fit with the person’s goals and personality, and need to be varied.” If you are more introverted, for example, you might find time alone reading at home to be more restorative whereas more extroverted people might need to spend their leisure time being social with friends and family.
Of course, what this research shows is that, if you are an employer, not only should you feel good about giving your employees some time off, you should actively encourage them to unplug completely. Similarly, if you are an employee, understand that you will be able to be much more productive if you go on vacation and allow yourself to completely take relax than if you continue working.
Employees’ failure to take time off costs US employers a whopping $224 billion dollars in liabilities per year. Moreover, an employee that never unplugs from work is an employee that is bound for burnout and the effects of chronic stress – which range from lower attention spans to health problems. In fact, the many problems associated with a stressed workforce – accidents, absenteeism, employee turnover, diminished productivity, and medical, legal and insurance costs cost the US industry $300 billion annually.
So by all means, use these mini-break strategies to solve your short-term problem. Just know that it’s not a long-term solution.

Project controls: An overview

When project execution begins, data collection is constantly taking place from work in progress. These data (Project Cost Accounting) collected from the relevant project controls systems are compared with the budget for performance measurement and assessment, and determination made if there are deviations from the original plans and budget. If there are no variations the project controls process continues with more performance measurements. If there are variations, corrections are made through the change control and approval process. Forecasts are then made with respect to estimates to and at completion.

Performance measurement baseline
During the project planning stages and processes, three project baselines are established, namely, the cost baseline, scope (technical) baseline and the schedule baseline. The scope and the technical baselines relate closely to the Work Breakdown Structure and describes the characteristics, mission, objectives and functional requirements of the project. The tasks, activities and work packages needed to realise the project scope via the WBS are linked to the Schedule Baseline reflecting all constraints. The Cost Baseline is derived from the summation of various cost estimates of all work packages along with other resources like labour, services, sub-contracts and materials. The integration of these baselines called the Performance Measurement Baseline with corresponding controls accounts makes up the time-phased budget for the project. The budget forms the basis with which the project’s goals can be achieved and its progress measured and monitored.
Progress and performance measurement 
The progress and performance measurement and the project cost accounting (commitments and expenditures) form the basis for the project progress and performance assessment. During the course of project execution, workmen for different tasks have to report periodically the progress of work done and how far they have gone using reporting methods such as incremental milestones, supervisor opinion, units completed and cost ratio methods. These reports of work done must be captured in the various systems and must be consistent with the cost and control accounts. Control accounts are coded at different levels of the Work Breakdown Structure (WBS) for tasks and activities to produce project deliverables and milestones. This will indicate how far down the line the schedule has gone, the commitment and expenditure of funds and the use of resources. Having the ability to measure progress on work done, the next challenge is to develop a method to determine the overall percentage of all combined individual work packages of the entire project. The methodology used for this is called Earned Value Management and Analysis. The percentage progress of any part of the WBS at any point in time is the sum of the value of each control account in that WBS component that has been earned up to that point divided by the total value of the component of the WBS.
Earned Value = Percentage Completed x Budget for the Account
Progress and performance assessment 
This process is used for comparing the actual project performance with the planned performance and identifying the variances from the project Performance Measurement Baseline (PMB). Risk factors as well as project opportunities are assessed at this stage. Identified risks, opportunities and variances are then analysed and the potential problems and effects on the project are addressed by the change management process. As mentioned earlier the methodology used in providing the project management team with a clear insight into the progress of the project is the Earned Value Management. Three different sets of metrics derived from the performance measurement baseline are used in the calculation of the earned value.
(a) The Budgeted Cost of Work Scheduled (BCWS) otherwise known as the Planned Value (PV) represents the estimated value of the work planned to be done.
(b) The Actual Cost of Work Performed (ACWP) also called the Actual Cost (AC) is the actual cost incurred for the work done. This set of data is collected during execution of a project.
(c) The Budgeted Cost of Work Performed (BCWP) known as Earned Value (EV) is the estimated cost of the work actually accomplished. These set of data are also collected during project execution.
These three basic values for measuring project performance together offer insight into the worth of the project to date.
The Cost Variance (CV) and the Schedule Variance (SV) are calculated as follows:
The Cost Variance (CV) is the difference between the Earned Value and the Actual Cost: CV = EV – AC
The Schedule Variance is the difference between the Earned Value and the Planned Value: SV = EV – PV
The Cost Performance Index (CPI) shows the cost efficiency of the project with respect to every dollar spent. It shows how the project costs are aligning to the budget. A CPI value of one (1) means the project is run according to what is in the budget. CPI values below one show there are cost overruns at that point in time in the life of the project while the CPI values over one show that the project is running efficiently and is under budget and better than expected than what is in the budget plan. The CPI is calculated as follows: CPI = EV/AC
The Schedule Performance Index (SPI) allows us to know how well we are doing with the project schedule. SPI values very close to one show that the project is close to being on schedule. SPI values above one show the project is ahead of schedule. The SPI is calculated as follows: SPI = EV/PV
A very important performance index – Estimate At Completion (EAC) is a hypothesis of what the total cost of the project will be at the end. The Scope Baseline comprising of the scope statement, the WBS and the WBS dictionary along with the Cost Baseline are used as the basis to know what the variances are from the initial estimates of project deliverables and what the actual costs are. The Estimate At Completion (EAC) is usually referred to as the “forecast” of what the project cost will be at completion at various times during the execution of the project. There are various ways to calculate Estimate At Completion (EAC) but the most universally accepted are:
(i) EAC = BAC/CPI
(ii) EAC = AC + (BAC – EV)…BAC less the EV is the ETC
Forecasting
Forecasting is the proactive evaluation of the results and variations obtained from the progress and performance assessment process. This (forecast) process compares the assessment figures with the original baseline figures in the project control plan with respect to the budget, schedule, resources and risks. It provides the mechanism with which all trends and deviations are brought together for efficient analysis. Adverse and negative trends are addressed through the change management process and corrective actions taken. Positive trends and opportunities are improved upon. Reports at approved intervals are prepared for senior management and sponsors for up to date insight of the project.
Conclusion
One of the basic objectives in the execution of a project is to finish and deliver on budget and on time. An efficient and effective project controls system goes a long way in realising this goal. Projects without a good monitoring and control system is surely going to have serious budget over-runs and schedule slippages. If you want an insight into how well your project is faring at any time during its lifecycle, adequate and proper project controls is the answer.
Ayodele Akingbade

Small Business #SEO Mistakes to Avoid in 2015 - #infographic

Small Business #SEO Mistakes to Avoid in 2015 - #infographic

Marketing a small business was hard before the Internet was invented, but at least back then it was simpler. Now, we have Google, a giant platform made of thousands of smaller platforms in which to market. As a result, there are so many decisions to be made when determining how to best market yourself online.

As a small or local business owner, it is nearly mandatory to utilize SEO. Without it, how can you build up your validity and credentials? We now know that search is the number one driver of traffic to content sites, beating social media by more than 300%, so the importance of search engine optimization goes without saying.

If you have quality links from other web pages, Google will rank you higher on search engine results. Improving your search engine results should be the name of the game when marketing your small business in 2015.

SEO has come a long way since its inception. Great content is now the stepping stone to getting the links you need to build your credibility. If you can create quality content


 that includes your relevant keywords you will attract links and be well on your way to building your SEO.

With that being said, there are plenty of mistakes out there just waiting to be made that will hurt your site’s rank and visibility. How can you avoid the big SEO mistakes? Avoid this list of common mistakes, and you’ll be optimizing in no time.

Small Business #SEO Mistakes to Avoid in 2015 - #infographic

infographic via: fertilefrog.

Over-Optimization


Global Heir Consult : How To Choose The Best Social Media For Your Busin...

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