• Skip to main content

Biz Builder Mike

You can't sail Today's boat on Yesterdays wind - Michael Noel

  • Cryptocurrency Exchange
  • Blockchain Consultants
  • About Us
  • Blog

Facebook

Apr 07 2021

3X as many crypto figures make it onto Forbes 2021 billionaires list as last year

Forbes released their annual billionaires list on April 6, with Amazon overlord Jeff Bezos and his $177 billion topping the list for a fourth consecutive year.

Announcing Forbes’ 35th Annual World’s Billionaires List — The Richest in 2021 #ForbesBillionaires https://t.co/Sc7ie8JlQI pic.twitter.com/YniOjfZwSi

— Forbes (@Forbes) April 6, 2021

The “digital gold rush” has seen nine new crypto billionaires join the Forbes list, pushing the total up to 12 (depending on whether you count the Winklevoss twins as one or two entries.) That’s up from just four in last year’s Forbes World’s Billionaires list

Sam Bankman-Fried – Newcomer

Sam Bankman-Fried is the wealthiest crypto-billionaire, with a net worth of $8.7 billion. Bankman-Fried founded trading firm Alameda Research and popular derivatives exchange FTX. The 29-year old has made waves in the crypto space, with FTX recently winning the naming rights to Miami Heat’s home stadium for 19 years. Cointelegraph recently ranked Bankman-Fried as the third most influential figure in crypto for 2020.

The Winklevoss Twins – Newcomers

Cameron and Tyler Winklevoss have a net worth of $3 billion each and started investing in Bitcoin in 2012. The brothers famously sued Facebook’s Mark Zuckerberg for IP theft in 2004 and won a $65 million settlement which they used to invest in Bitcoin. They started the crypto exchange Gemini in 2014, and they purchased Nifty Gateway in November 2019.

Chris Larsen – Returnee

Larsen, the co-founder of Ripple Labs saw his net worth grow from $2.6 billion to $3.4 billion over the past year.

Larson and Ripple CEO Brad Garlinghouse have been fighting an ongoing dispute with the SEC in relation to XRP and unregistered securities offerings. However, the SEC’s lawsuit against Ripple hasn’t appeared to affect its token too badly, with XRP increasing by 387% in the last 12 months.

Jed McCaleb – Newcomer

McCaleb is another co-founder of Ripple, and reportedly holds 3.4 billion XRP and 1 billion Stellar Lumens — the cryptocurrency he founded after leaving Ripple — with his holdings adding up to a net worth of $2 billion. Cointelegraph reported that McCaleb sold off $400 million worth of his XRP holdings in 2020 alone.

Michael Saylor – Newcomer

Saylor is the CEO of listed company MicroStrategy and co-founded the software giant in 1989, and now has a net worth of $2.3 billion. Saylor has become the leading advocate for corporations holding Bitcoin on balance sheets. Since its first purchase of Bitcoin in August 2020, Microstrategy has invested $2.226 billion, taking its tally up to 91,579 Bitcoins at an average cost of $24,311 per Bitcoin.

MicroStrategy has purchased an additional ~253 bitcoins for $15.0 million in cash at an average price of ~$59,339 per #bitcoin. As of 4/5/2021, we #hodl ~91,579 bitcoins acquired for ~$2.226 billion at an average price of ~$24,311 per bitcoin. $MSTRhttps://t.co/OMQMhA85xw

— Michael Saylor (@michael_saylor) April 5, 2021

Brain Armstrong – Returnee

Armstrong is the CEO and co-founder of Coinbase and his net worth has gone from $1 billion to $6.5 billion within 12 months. Coinbase also had a successful year, generating $1 billion in revenue, and it’s set for a direct listing in a week. That will value Armstrong’s shares somewhere north of $14B, meaning he may well top the crypto billionaires’ list next year.

Fred Ersham – Newcomer

Ersham co-founded Coinbase with Brian Armstrong in 2012 and left the firm in 2017. He is now a board member of the company, and his 6% stake has an estimated worth of $1.9 billion.

Changpeng Zhao

Zhao is the founder of the largest crypto exchange Binance and owns an estimated 30% stake in the company. Zhao’s net worth is $1.9 billion, and the digital gold rush has been good to the Binance founder, with Binance Coin becoming the second-largest altcoin by market cap. Zhao revealed earlier this week that he holds close to 100% of his portfolio in crypto.

Matthew Roszak – Newcomer

Roszak is the Chairman and co-founder of blockchain technology firm Bloq and is a leading crypto and blockchain investor. Roszak is also a founding member of Tally Capital a crypto-focused private investment firm and has a net worth of $1.5 billion.

Tim Draper – Newcomer

Draper is a crypto evangelist with a net worth of $1.5 billion. He bought $18.7 million worth of Bitcoin in 2014 after it was confiscated from the Silk Road black market. Draper was also one of the primary investors in the Tezos project and co-founded Draper Fisher Jurvetson, a leading investment firm in early-stage tech startups.

Barry Silbert – Newcomer

Silbert founded the crypto conglomerate Digital Currency Group in 2015 and has a net worth of $1.6 billion. The DCG owns asset management firm Grayscale Bitcoin Trust, which currently has $46 billion worth of assets under management.

3X as many crypto figures make it onto Forbes 2021 billionaires list as last year

Source

Written by bizbuildermike · Categorized: cryptocurrency · Tagged: 2017, 2020, 2021, Almaeda Research, altcoin, amazon, Billionaires, Binance, bitcoin, bitcoins, blockchain, Brad Garlinghouse, Brian Armstrong, Cash, ceo, Co-founder, coinbase, company, crypto, Crypto billionaires, cryptocurrency, Currency, Derivatives, digital, digital currency, direct listing, exchange, Facebook, Forbes, founder, ftx, gemini, gold, Investing, investment, investor, Jeff Bezos, lawsuit, Mark Zuckerberg, market, Miami, Michael Saylor, Microstrategy, Offerings, portfolio, research, revenue, ripple, ripple labs, Sam Bankman-Fried, SEC, securities, shares, Software, Space, startups, stellar, tech, tech startups, Technology, Tezos, token, trading, Twitter, waves, winklevoss, Winklevoss Twins, xrp

Apr 02 2021

A Day in the Life of Madysson Bouchard, Indie Film Producer and Founder of Sunday Breakfast Studio

Whether you’re raising funds for a creative project or a new business idea, running your own crowdfunding campaign is no easy feat. It takes a healthy dose of passion, discipline, and commitment to bring your ideas and concepts to life, and get your backer community excited about them. Ever wondered what a day in the life of a creative entrepreneur on Indiegogo is like? We’re here to give you an exclusive glimpse into 24 hours of their day. 

Juggling creative projects, a film production business, and a crowdfunding campaign can be challenging, so we’re always inspired when we encounter a woman can do it all. Meet Montreal-based indie film producer and graphic designer Madysson Bouchard who founded Sunday Breakfast Studio.

Together with indie filmmaker Gregory Thomas David and their team, she is running a campaign to fund Portraits of A Family — a film that adapts the true story of a Filipino-Canadian family, spanning over two decades, as they struggle to put the pieces back together after divorce and drug addiction has torn them apart:

“Portraits of a Family is the story of a family of four, including two first generation Filipino-Canadian boys, and the hardships they face within the span of two decades. We see this family at their lowest of lows, struggling through the complexities of divorce and the pain and frustration of drug addiction, but through it all they find a way, as individuals and as a unit, to remain strong, intact and full of love. Although this is a family drama that may sound familiar, and that many people can probably relate to, we are driven to create this film in order to show an authentic Filipino-Canadian experience that the film industry is sorely lacking.”

The team at Sunday Breakfast Studio

Your contribution will allow their production to start filming, and get this story out to screens everywhere, in a world where AAPI voices and images are missing some real representation.

Read on to see how Madysson spends 24 hours in her day, working as a creative professional in Montreal. Then scroll down for a brief Q&A to get to know her better, learn more about Portraits of A Family, and get inspired!

6 A.M. As a mom to a two-year-old boy, this is usually where my day begins. I’d love to say that I get up  early to do yoga and get a fresh start to my day, but it’s more along the lines of watching  cartoons while sharing cereal with my son. Although I could use some extra sleep on most days,  this is the hour in my day where I get to spend time alone with him and get a good fix of his tiny  cuddles before the day fully begins. 

7 A.M. The action begins. It’s time for our little family to get dressed, have breakfast, get ready  for the day and leave the house for daycare. As simple as it looks, this takes a full hour for us,  because best believe that a pregnant lady and a toddler are not the fastest when it comes to  getting ready! 

8 A.M. Once I drop off my son at daycare, I switch hats to become both a graphic designer and a  producer. Making an independent film is a lot of work, but so is taking care of a family. So, at  the same time as being a full-time producer for Portraits of a Family, I also have a full-time job as a graphic designer, which helps us stay afloat and develop my creativity. 

9 A.M. The time in my workday where no one is yet active and I get to catch up with the many emails I’ve received since the last time I checked. It’s usually the same: new design projects that  need to be finished within the week, or questions from actors, volunteers and sponsors.  Answering all of these takes no less than an hour, and it helps set the tone for the day, too.

Madysson Bouchard at work

10 A.M. It’s time to get down to business. As opposed to a producer on a regular production, I  have to wear many hats to be able to get things done. That means PR, graphic design, set  design, castings, finances, and many, many more! Our team is made of the director, who is also  my fiancé, and a handful of volunteers who give a few days a week to the project. When  something needs to be done, I usually take care of it! This is the time of the day where I map  out the needs of the production for that day and decide what to do and what to delegate. 

11 A.M. By that time, I usually have most of our PR needs answered for the day. Emails have been  answered and sent, our Inbox is clear, and our volunteers have been reached to know what to  work on that day. On busy days, the director and I spend some time watching new auditions  and writing notes for potential call-backs. When I have more time, I focus on creating visuals to  update the website, our social media platforms, or our Indiegogo campaign. 

12 P.M. Did I mention an Indiegogo campaign? That’s right! All of us spend a lot of time sending the  campaign to friends and family, as well as posting it on different groups and to communities  who can offer support. We also have a newsletter thanking personally all donors which I send  from the Sunday Breakfast Studio email at this point of the day, every day. 

1 P.M. Time for a well-deserved break. Although working from home allows us to spend time together,  my fiancé and I like to put everything aside during lunch time, including work-talk. We fix  ourselves a quick meal, share a few thoughts and stories, and go right back to work. 

2 P.M. After lunch, I usually have a few meetings scheduled. Some people like to get the day started  with meetings, but I’d rather have time to prepare first. As a graphic designer working  remotely, zoom meetings are the best way for me to fully understand the client’s needs and get  a complete brief. And as a do-it-all producer, I often have to answer questions regarding  auditions, funding, pre-production and logistics. 

3 P.M. Only one hour left before we have to go get our son. It’s a short 15 minutes from our house, but  once he’s home, we put our computers, and the workload that comes with it, aside. So, it’s  crunch time to send the last few emails before I go MIA for a few hours. I send draft projects for  approval, requests for the next day, update our Excel tables and make sure all the data,  information and visuals made during the day are available to everyone on our drive. 

4 P.M. Picking up my son has to be one of my favourite moments in a day. Even at his young age, he  has loads to tell us; including what he did with his friends, what games he played and where he  went. It’s a good reminder that he has his own world, too, filled with just as many adventures  as us. We usually play some more once we get home and I get things ready for dinner. 

5 P.M. Now that I’m pregnant again, dinner can be tricky. It happens that I can’t stand being in the  kitchen, and that’s where my fiancé takes over. The rest of the time, though, I make dinner and  the boys (yes, even my son) get involved by mixing, cutting or washing the dishes. Now, just like  the morning, this is kind of a hectic time in our house because we also try to fit in a bath and a  small story time for our son. 

6 P.M. Usually means we’re really close to my son’s bedtime. We tidy up the last few things he  might’ve left around, make sure he has everything he needs, and then up in bed. For us this  also means we have time to wind down and rest a little bit until he’s 100% asleep. 

7 P.M. You’d think that my workday would be done by the time I first put away my laptop, right? Well,  it’s not the case! The dishes are down, the little one’s asleep, and we go right back to work. As I  said, being a producer is a full-time job, and with another full-time job keeping me busy during  the day, I have to find time to work on the film, and that happens to be at night. As exhausting  as it sounds, there’s nothing better than working on your own projects.

8 P.M. At night, most of my focus goes towards visuals and logistics. Since everyone is pretty much off the grid, it’s the perfect time to work on the social media calendar, on our budget sheet, our  prop list or design the costumes. In this production, I act as pretty much every department’s  head, and make sure we’re respecting our tight schedule and budget.  

9 P.M. And still going! With the TV on in the background, I write a list of the things that need to  be done the next day. It can be hard to balance two full-time jobs as well as being a mom, and  keeping a house clean, but this is where my fiancé comes in. As the director of Portraits of a  Family, he wears just as many hats as I do and shares the full load.  

10 P.M. On most days, this marks the end of our workday. We work until we have to, but seeing how  early our son wakes up, it’s safe to say that bedtime shouldn’t be too late. I usually take a few  minutes to relax and leave the day behind before going to bed. 

11 P.M. And it’s lights out! Although this schedule is pretty packed and often asks us to juggle  many things at once, it’s one that I chose and that I’m happy to have. I wouldn’t change one  hour of my day, nor would I change any of the many hats I put on.

Now that you’ve gotten a glimpse of what their day is like, get more inspiration in our exclusive Q&A with Madysson below!

INDIEGOGO: How and why did you become a film producer? Was it something you always intended  for yourself? 

MADYSSON: I studied in fashion marketing and business finances for 3 years. I had many jobs in the fashion  industry, including visual merchandising, designer, stylist, etc. When I met Gregory and learnt  about his passion and ambitions when it comes to making films, I wanted nothing more than to  support him. Throughout the process of helping here and there, I realized that producing a film  regroups a lot of the things I am good at and love doing. It was never in my plans, but it all  makes sense now.

[embedded content]

INDIEGOGO: What makes your Indiegogo film project unique? 

MADYSSON: Portraits of a Family is one of the rare Filipino-Canadian stories out there. There are very little  films being made in Canada that are made by and showcasing Filipinos and their culture. And  because of that, it makes it an important project to a lot of people as it would be a chance for  the Filipino community to hold leading roles amongst the cast and the crew. This is definitely  something to be a part of. 

INDIEGOGO: What’s your biggest piece of advice for women who want to make movies? 

MADYSSON: There’s never too much planning. They say you can never make a movie in a cheap, fast and  good way. You always have to choose two; it’s either cheap and good, but a slow process, or  expensive but you get to do it faster. You will know which one is right for you. We knew that  money would be our biggest challenge, and so we’ve scheduled every month for over a year,  from development until production and beyond. Make sure you know the schedule by heart,  because it’s easy to forget deadlines or important steps when there is so much to do. 

INDIEGOGO: What are the film influences behind your movie?

MADYSSON: A lot of the inspiration for Portraits of a Family comes from these films: The Squid and the Whale, Moonlight, After the Storm, A Separation, and Boyhood. From the look to the thematic  feel of these five movies, we can find similarities in what we’re trying to create. None of them  are Filipino movies, hence why our film is an important one to make. 

INDIEGOGO: What tools would you recommend to anyone starting their own business,  crowdfunding campaign or project? 

MADYSSON: I wouldn’t have been able to learn everything that I know without the book Producer to Producer by Maureen A. Ryan. She’s a genius when it comes to explaining everything a  producer has to do in the most efficient way. Every step is described along with the resources  to get further help. I would also say to always keep two copies of everything. If you register your IP for a film, make sure to also scan the official paper and keep it on a Drive. Same goes for schedules, contracts, and so on. Anything can happen and some papers are too valuable to lose, such as permits and official documents. Our team shares everything through the same Drive, and communicates using apps like Teams, or Slack. 

INDIEGOGO: What’s your favorite Indiegogo campaign? 

MADYSSON: I really liked the East West Eats Cookbook campaign by Ellen Lee. It featured many chefs from The Bay Area and helped a student project at the same time, plus the recipes looked great. We have a Filipino recipe book ourselves as a perk and we can never have too many!

To support Madysson and Gregory in making Portraits of A Family happen, check out their Indiegogo campaign page or follow them on Instagram, Facebook, or Twitter. To learn more about her other creative projects, you can follow her on Instagram.

<!–

Comments are closed

–>

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: a day in the life, Apps, bay area, business, Canada, Community, Computers, Crowdfunding, Culture, data, Design, email, entrepreneur, excel, Facebook, Family, film, Film Industry, founder, fund, funding, Games, Go, going, html, ideas, IGG, Indie, information, instagram, Jobs, Logistics, marketing, Media, money, more, movies, other, platforms, said, shares, slack, social, Social Media, Sounds, step, story, student, Tables, Teams, TV, Twitter, us, work, world, yoga, youtube

Mar 19 2021

A Day in the Life of Maayan Segal, Creator and Founder of Queeng

Running your own business is no easy feat. It takes a healthy dose of passion, discipline, and commitment. Ever wonder what a day in the life of a small business owner and founder is like? We’re here to give you a glimpse!

This week we’re sitting down with Maayan Segal, the teenaged entrepreneur behind Queeng and recent winner of the Young Inventor of the Year award from the 2020 Toy & Game International Excellence Awards. 

One day, while playing cards with her dad, Maayan had a question. She wanted to know why the queen card was worth less than the king in a traditional deck of cards. It didn’t seem fair. When her dad couldn’t give her a good answer, she decided to design a playing card deck where the kings and queens are equal, but that still works with all the original principles and can be used in any card game. Thus Queeng was born and its first crowdfunding campaign was a huge success, raising over $500k.

But Maayan realized that the first edition of the deck needed some work. While the original Queeng deck didn’t give a hierarchy to gender, it also didn’t represent different cultures or ethnicities. The whole idea behind Queeng is to give kids playing cards that showcase an accurate depiction of the world they live in, which is why Maayan is running a campaign for a multi-ethnic second edition. 

Read on to learn about a typical day for Maayan as she runs Queeng’s popular crowdfunding campaign. Then scroll down for a brief Q&A to get to know her better and get inspired!

7 A.M. Wake up time! I like to get started with cereal or pancakes (if my dad made some!), and take a quick look at yesterday’s campaign performance. If something urgent happened overnight, I’ll make some updates to the campaign, consult with my dad, and plan what next steps need to be done.

8 A.M. First Zoom class of the day (I’m in 12th grade now, and in the middle of finals!) , Sometimes I attend class from bed. 🤭  Don’t tell my teachers. 🙂

9 A.M. Second Zoom class of the day.

10 A.M. Break for second breakfast. I try to keep it healthy with either eggs or a smoothie so I can have the energy I need to focus in class, which can be hard when class takes place  all on the computer.

1:30 P.M. Lunch with my family. One positive thing to come out of COVID-19 is that everybody is home every day to eat lunch together!

2:00 – 3:30 P.M. More Zoom classes and studying for my exams 

4 P.M. – 7 P.M. Queeng work time! We have a daily call with our project manager where we prioritize which tasks need to get done first. We go over email support, read comments on our campaign & social media pages, speak with our designer about putting the final touches on the second edition deck, share an update with our backers on social media, respond to more emails, and brainstorm creative new ways to keep Queeng evolving.

7 P.M. Time to get outside! I like to go out for a run, either by myself or with friends. 

8:30 P.M. Dinner time with the fam.

10 P.M. Hang out with my friends or watch some Netflix. I am still a teen after all. 🙂

11:30 P.M. One last email check, and a quick check on the campaign before I call it a day.

12:30 A.M. Bed time! Sometimes I’ll have a late night call with a friend, but usually I’ll fall sleep right away because it’s been a busy day!

Now that you’ve gotten a glimpse of what her day is like, get more inspiration in our exclusive Q&A with Maayan!

INDIEGOGO: How and why did you become an entrepreneur/creator/game designer? Was it something you always intended for yourself? 

MAAYAN: Definitely not! I never thought I would be an entrepreneur or game designer. After bringing up the question about the hierarchy in the deck of cards to my dad, he really pushed me to do something about it. It took some convincing and encouragement before I started to look into it seriously, and I am happy I did. 🙂  

INDIEGOGO: What makes your Indiegogo project unique? 

MAAYAN: I think more than anything it’s a campaign with a message. The cards are a vehicle for a way bigger idea. Giving children the message that all people are equal through a means of play is something that will stick with them forever. 

INDIEGOGO: What’s your biggest piece of advice for girls your age who want to start their own business?

MAAYAN: Good ideas can come from anyone. If you believe in your idea, get support from your loved ones and just get started! Also, don’t give up on school. Education is important.

INDIEGOGO: What tools (gadgets, apps, books, podcasts) would you recommend to anyone starting their own business, crowdfunding campaign, or project? 

MAAYAN: To execute a project quickly, you need to work with someone who has experience with both failure and success. Don’t be shy to share with people and ask around. I’m a big fan of Google Drive and try to keep all my work within one ecosystem. It’s easier to stay organized in that way. I also use Whatsapp for communication, which is popular here in Israel because you can easily get in touch with people all around the world. To streamline things, I like to create Whatsapp groups of the relevant people working together so they can all talk to each other in one place. They all know what is needed and they stay on the same page. 

INDIEGOGO: What’s your favorite Indiegogo campaign, or a campaign you’ve recently supported?

MAAYAN: I love the Be You Transforming Chair! It looks super comfortable, and maybe if I had it I would actually take my Zoom classes out of bed. 🙃  Their advertising is also pretty good, because once I checked it out it’s been appearing everywhere I look online!

Want to support Queeng? Check out the crowdfunding campaign and follow Queeng on Instagram and Facebook.

<!–

Comments are closed

–>

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: 2020, a day in the life, advertising, Apps, Behind The Scenes, books, business, Children, covid-19, creator, Crowdfunding, Design, Education, email, energy, entrepreneur, Facebook, Family, founder, gadgets, game, Gender, girls, Go, Google, ideas, instagram, international, Israel, kids, Late Night, Media, more, netflix, other, Products, small-business, social, Social Media, Success Stories, supported, Tips & Insights, whatsapp, work, world

Mar 08 2021

It’s International Women’s Day All Month Long at Indiegogo

It’s International Women’s Day, and here at Indiegogo, we are celebrating all month long. 

Indiegogo is committed to uplifting powerful female-identifying entrepreneurs and BIPOC innovators and helping them thrive throughout the year. But International Women’s Day is a particularly important occasion to acknowledge all the hard work that female-identifying folks have to do to have their ideas taken seriously and to find the funding to make those ideas into a reality. In a world where venture capital funding still goes primarily to white men, there are very real hurdles to building a business when you aren’t white and male.

We’re highlighting the stories of female-identifying entrepreneurs on our Instagram, Facebook, and LinkedIn all month long, with a particular emphasis on women of color. In our Day in the Life blog series, we give an overview of how entrepreneurs spend their time and achieve so much. And in our Q+As, we get a behind-the-scenes look into what makes the entrepreneurs tick. You can follow along with us on social, or check out some of our Day the Life posts below.

Check out our “A Day in the Life” series

A Day in the Life of Entrepreneur Michele Romanow, President and Co-Founder of Clearbanc

A Day in the Life of Dominique Crenn, Restaurant Pioneer and VitaBowl Visionary 

A Day in the Life of Michelle Fno, Founder of Aromeo Diffuser

A Day in the Life of Charlene Wang, Author of Model Breakers and Founder of LivingOS

A Day in the Life of Entrepreneur Sian Murray, Co-Founder of Pleasant State

A Day in the Life of Entrepreneur Kelly MacPepple, CEO of Scents & Style

A Day in the Life of Entrepreneur Haby Barry, Founder of Fulaba Jewelry

A Day in the Life of Entrepreneur Jacqueline Ngo Mpii, Founder and CEO of Little Africa in Paris

A Day in the Life of Entrepreneur Lenja Doms, Creator of Lazlo Sunglasses and Partner at Yuma Labs

A Day in the Life of Social Entrepreneur Carla Maria de Souza

A Day in the Life of Indie Filmmaker and Photographer Tailiah Breon

A Day in the Life of Entrepreneur Sissi Wang, Co-Creator of FOCI Wearable

A Day in the Life of Entrepreneur Lora Lakanal, Co-Founder of Namastray

A Day in the Life of Entrepreneur Natacha Seroussi, Founder and Designer of Bobobark

A Day in the Life of Entrepreneur Mikayla Wujec, Co-Founder of Alder Apparel

A Day in the Life of Entrepreneur Jenkin Xia, Co-Founder of WUUK Labs

Read a selection of our Q+As highlighting female-identifying entrepreneurs

Seeing Color in a New Light: A Q&A with Katie Engelking and Marley Olivera

On Love, Obsession, and Stephen King: A Q&A with Filmmaker Julia Marchese

A Modern Fairy Tale: Q&A with Maya Cameron, Author of The Mermaid Princesses

Watch our Virtual Hangouts Roundtable Livestream with fan favorite campaigns founded by women

Stream it on Facebook

Are you a female entrepreneur considering launching a campaign on Indiegogo? Sign up here and we’ll contact you to set up office hours to discuss your campaign strategy and help set you up for success with your crowdfunding campaign!

<!–

Comments are closed

–>

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: a day in the life, africa, author, bipoc entrepreneurs, bipoc innovators, black entrepreneurs, black innovators, blog, business, ceo, Co-founder, creator, Crowdfunding, entrepreneur, Entrepreneurs, Facebook, founder, funding, Google, hangouts, html, ideas, IGG, In The News, Indie, instagram, international, International Women's Day, lazlo, linkedin, Model, president, restaurant, social, Strategy, us, Venture Capital, work, world

Mar 06 2021

Banking Execs are Now Saying it’s Necessary for Employees to Return to Physical Office, Work from Home Isn’t Ideal Solution

The COVID-19 outbreak may have served as proof for many banking institutions that working fully remotely is quite possible when the need arises. However, it may also have its downside or disadvantages.

Some senior banking professionals are now saying that it’s become necessary for workers to come back to the physical office in order to maintain company culture, promote or encourage good behavior and conduct, and also to ensure the overall quality or standard of work.

Although some big tech firms such as Microsoft Corp., Facebook Inc. and Twitter Inc. and Fintech challengers like Revolut anticipate or foresee large numbers of professionals working from home on a permanent basis, some things appear quite different in the world of banking and finance.

During the week of February 22, 2021, Goldman Sachs CEO David Solomon had rejected the suggestion that working from home would be the “new normal,” adding that having workers at their (physical) offices was a key element of the institution’s innovative, collaborative “apprenticeship culture.”

Pricewaterhousecoopers’ (PwC) December 2020 Remote Work Survey revealed that 70% of financial services workers and managers think that employees should be at their (physical) desks at least 3 days each week in order to maintain a “distinctive” culture.

Meanwhile, just 20% or 1 in 5 employees responding to the survey said they actually wanted to return to the physical office for 3 or more days per week. This indicates that there’s somewhat of a mismatch in overall expectations that could become a “big management challenge” for banking institutions, according to Bhushan Sethi, a global leader of PwC’s people and organization practice who mainly focuses on the financial services sector.

Although the survey was performed in the United States, Sethi clarified that financial institutions in the City of London are quite likely to face the same type of resistance and related issues.

Sethi added:

“In some institutions, the leaders are saying they want to consolidate their office footprint and become a hybrid workplace. But some of those leaders are also privately telling us: ‘We have such a transformational change agenda; we need people in the office so that we can actually build that camaraderie and get it done.’”

When it comes to dealing with compliance and related risk functions, bank managers are worried about the overall (negative) toll that the new remote working environment is taking on culture and people’s behavior.

ING Groep‘s behavioral risk management department, which aims to assess habits and cultures that might pose a serious risk for the company, has reported that there’s been a significant increase in the number of requests to investigate work-from-home-related behavioral issues and patterns during the past year.

It has uncovered many new trends like screen fatigue, increased work pressure or stress, communication problems and the overall lack of “personal connectivity,” which may hamper the effectiveness and engagement of workers and this could lead to compliance risks, according to Mirea Raaijmakers, who leads the team.

Raaijmakers pointed out that the Coronavirus crisis has created numerous opportunities for far more flexible and remote work, however, it has also come with its limitations.

Raaijmakers added:

“We shouldn’t fool ourselves by thinking that we can do this completely remote[ly],” 

She expressed concerns over the loss of that “connective tissue” between company workers. This is key to any banking institution’s overall performance, innovation and compliance strategy, however, it’s currently under a lot of pressure, she revealed.

In an update shared with CI, Advanced Recovery Systems, which operates a network of addiction treatment facilities across the United States, noted that they’ve been performing research during the past year regarding the pandemic’s effects on mental health and substance use.

The team at Advanced Recovery also mentioned that the “one thing [they] were interested in understanding is the role employers are taking in providing mental health resources to their employees.”

They added:

“We know there’s a positive impact when businesses invest in mental health, both from a productivity and profitability standpoint, but how seriously are companies taking these commitments, especially during a once-in-a-generation pandemic?” 

According to Advanced Recovery Systems’ new survey of 2,000 employed adults in the United States:

  • 75% of employees “reported experiencing adverse mental health symptoms during the pandemic.”
  • Even though mental health symptoms “were widely reported, 40% – up to 64 million workers – said they would not be comfortable sharing a mental health challenge with their boss or employer.”
  • Up to 32 million American workers “don’t have access to employer-offered mental health resources.”

(Note: you may check out the complete survey report here.)

Source

Written by bizbuildermike · Categorized: Crowdfunding · Tagged: 2020, 2021, advanced recovery systems, american, Bank, Banking, bhushan sethi, big tech, Businesses, ceo, company, company culture, compliance, connectivity, consumer behavior, coronavirus, covid-19, Culture, david solomon, element, employee health, Environment, Facebook, finance, financial services, fintech, General News, Global, goldman-sachs, health, ing group, innovation, London, Mental health, Microsoft, MICROSOFT CORP, mirea raaijmakers, more, note, outbreak, pandemic, productivity, pwc, remote work, remote working, report, research, return, risk, Risk Management, said, Strategy, survey, tech, Twitter, TWITTER INC, uk, United States, united-kingdom, us, work, work from home, world

  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Interim pages omitted …
  • Go to page 6
  • Go to Next Page »

Copyright © 2021 · Altitude Pro on Genesis Framework · WordPress · Log in