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Being motivated and goal-oriented is a valuable personal quality necessary for producing impactful results in the workplace. Unfortunately, motivating yourself can be challenging. Trying to sustain your drive through a career project can be an uphill task. Human beings tend to have a natural aversion to persistence that no amount of inspiration quoted from coffee can fix.

Fortunately, all hope is not lost, and you can take practical steps to enable you to keep pushing forth. This piece delves into tips and tricks to fuel your self-motivation quickly.

Don’t Think of Your Job as Hard Work

Once you have a task in front of you, one way to motivate yourself is to not think of it as hard work. Instead, consider it a part of progressing into what you want to become.

Don’t think of how frustrating of impossible the task might be, but consider how proud you’ll feel to accomplish the task. Thinking along those lines will make the most complex tasks look easy, manageable, and enjoyable.

Visualize Your Goals

Positive imagery is a powerful tool to keep you motivated and inspired to advance. Think of your career goals every day and how they intertwine with your life goals. Imagine the life ahead of you once you reach your professional goals. These images should be good enough to drive your motivation.

Using the Hemingway Technique

The concept is the creation of the famous author Ernest Hemingway. He would leave the last paragraph or chapter unfinished at the end of the day, especially when he knew how it’d end. When he sat down at his desk the following day, he would know where to start and immediately start writing and creating momentum for the rest of the day. He never had to wonder where to start or what to do for the day.

The Hemingway technique could come in handy for you too. For example, instead of working late and trying to squeeze all your day’s tasks into some limited time, pick a stopping place strategically. When you get to work the following day, you have a specific place to start from. It will help you build enough momentum for the day.

Break Down Huge Tasks into Manageable Chunks

Seeing your big audacious goals through can seem impossible. Breaking them down into bite-sized consumable goals is an effective way to make you feel like you’re making tangible progress. You’ll also feel a sense of accomplishment when you’re done and dusted with the smaller goals. A feeling of progress and achievement is good enough to keep you going.

Develop a Routine

Creating a routine and sticking to it is a powerful tool to keep you positive and motivated. The more you become accustomed to doing certain things in a specific way, the easier it becomes to do it repeatedly. Your routine should be something you can relate to, which compels you to keep going. More importantly, apply some discipline to stay on target.

Celebrate Both Big and Small Wins

If you’re struggling with staying motivated at work, rewarding yourself for the achievements you’ve made so far could be the trick you need. In an article titled “Motivational Strategies in Business,” George Root explains how rewards play a role in motivating employees to do better. You can use the same technique personally to advance your career goals.

Don’t wait until you achieve the big goals. Every small win counts, and planning a reward gives you something to anticipate.

Final Thoughts

There will be times when you don’t feel like doing anything productive in your career. While this is normal, you don’t have to harbor that feeling for long. For your career to progress, you must employ self-motivation.

The above tips can be an excellent starting point to motivate yourself and improve your outlook on the bigger picture. For more insights on how to thrive in the workplace, check out our blog.

It’s no secret that cryptocurrency is creating a frenzy in the tech industry. The price of bitcoin price has skyrocketed, sending investors on a mad dash to get their hands on this new digital currency. It has also dropped precipitously at times.  While some are uncertain about its long-term prospects, others see it as an opportunity for lucrative investments backed by blockchain technology.

But what does all of this mean for the future of tech? Will it be good or bad? Well, let’s look at how cryptos can help or hurt different aspects of the tech industry and get into why these happen before we can make any conclusions.

What is Cryptocurrency and How Does it Work?

Cryptocurrency has been around for about a decade. In that time, it has gone from being an obscure and little-known asset a mainstream phenomenon that is increasingly accepted as payment. Cryptocurrency is a digital currency that is created and managed through cryptography. This means that it is secure and difficult to counterfeit.

In basic terms, the integrity of cryptocurrency is maintained through a blockchain.  Simply put, the blockchain is like a checkbook that everyone can access.  Each transaction in the checkbook is a “block”.  When you look at all the transactions together, they create a blockchain.  Each time there is a new transaction, it is recorded in a new “block”.  In the case of bitcoin, each block is automatically assigned a 64-character code, called a “hash”.  This code would be virtually impossible to guess randomly.

Bitcoin miners (people who verify bitcoin transactions and are rewarded by being paid in new bitcoin) race to solve complex mathematical equations to figure out the hash.  The first user to figure out the hash wins and gets paid.  That user then adds the verified “block” to the “blockchain”.   The 64-digit hash is recorded on the ledger accessible to everyone.  Thus, if anyone attempts to change has it would not match what is on the ledger available to everyone else and would be detected the next time someone attempts to make a record of a new transaction.

Cryptocurrency can purchase goods and services or even be traded for cash. The technology sector is one of the world’s greatest adopters of Cryptocurrency, particularly for online purchases. For most technological companies now, due to cryptocurrencies, their online transactions are safer, easier, and faster than ever before.

How does Cryptocurrency Fit Tech Business?

Cryptocurrency can be beneficial to tech businesses because it avoids fees associated with other modes of transactions. This is especially true for international transfers, which can carry high fees charged by money remittance services. For international transactions, the fees are much lower than those associated with traditional money transfers.  In addition, crypto currencies such as bitcoin are not regulated the same way traditional cash is.

By using cryptocurrency, tech firms can reduce the costs of these transfers, allowing them to become more competitive in the global market. Another way that cryptocurrency can help tech firms is by increasing their payment options to eliminate the need for credit cards. Overstock.com, for example, began taking Bitcoin payments in 2014 and has since processed more than $1 million in Bitcoin transactions.

Cryptocurrency can also help tech businesses by providing a new way to raise money. For example, in 2017, the blockchain company FileCoin raised $257 million by issuing its cryptocurrency in just five minutes. This ability has allowed the company to bypass the traditional venture capital funding process, which can be slow and expensive.

How can Cryptocurrency Hurt a Business?

Over time, there have been claims that the cryptocurrency’s anonymity makes it difficult for businesses to get information about their customers, which has been a considerable risk because it can lead to fraud and other criminal activities.

In addition, the volatility of cryptocurrency can cause businesses to lose money if they invest in it. For example, the price of Bitcoin rose from $1,000 to $20,000 in 2017 before crashing back down to $6,000. This volatility can make it difficult for tech businesses to forecast their expenses and revenues.

Also, because it is unregulated if access to a cryptocurrency wallet is lost, there is often no way to retrieve it.  This means that if you lose your login credentials to access your bitcoin, it may be gone forever.

The Future of Cryptocurrency in the Technology Sector

Cryptocurrency is becoming increasingly popular with technology companies. Many new cryptocurrencies are becoming available, and their popularity has skyrocketed since the creation of Bitcoin. Soon, cryptocurrency may completely revolutionize how technology companies do business globally.

But wait—what does this have to do with tech businesses? The cryptocurrency market is growing every day and becoming more popular for investors looking for alternative investments. This means that now might be the time to buy into the market. However, if your company isn’t prepared, you could lose a significant amount of money.

Generally, insurance does not protect against changes in value.  However, there is an emerging market for policies that cover theft or malicious attacks involving cryptocurrency.  If you or your business is investing in cryptocurrency, you should consider such a policy.

Contact us today to learn more about how we can help you stay safe and secure while doing business in the digital age.

*Information on this site is provided for general information only.  Each policy has specific terms and exclusions that affect coverage.  Please read your policy carefully and call an agent with questions.  InsureYourCompany.com is an insurance agency.  We do not provide investment, legal, accounting, or tax advice.