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Cal Wilson / August 2, 2023

The psychology of change

Resisting change is human nature – or is it?

Sometimes change is exhilarating. Sometimes change is petrifying. Whether you love and seek out regular change, or you are put-off by it, it’s important to understand why it has the effect that it does on us.

In this article, we take a look at the psychology of change, and how it might be impacting you.

Good Change Versus Bad Change

No matter how we feel about change, there’s objectively both good and bad types.

For example, embracing change in our professional and personal lives can lead to innovation, learning new skills, creating new opportunities, preventing stagnation, and other tangible benefits. In fact, obtaining an edge, or improving our lives, necessitates change – it’s essential. Alternatively, we stay where we are now.

However, some changes, like a global crisis such as a pandemic, or the loss of a loved one, have a negative impact on our lives.

Human beings tend to enjoy and pursue the types of change we consciously control. Think about a decision like renovating a room in your home. Sure, it brings stress and expense; but since you’re the agent of change in this decision, it tends to be the kind of change-making we gravitate towards.

When we aren’t the agents of change, we tend to react less favorably. If that home renovation becomes necessary due to an unexpected flood, for example, you might not be so happy about it. Even if the result is the same.

Whether or not we can control a change in our lives, change is going to happen. It’s inevitable. Determining how we can control more of it helps establish the direction we seek.

Resistance to Change

We’ve all heard that people resist change. It’s often stated as a simple fact of life in a sort of callous or dismissive manner. However, it’s false. Otherwise, we would never have children. Billions and billions of people, over centuries of time, have chosen to take on the drastic change in their lives by bringing children into the equation. Could there be a bigger change in life? Yet, we do it willingly.

So, the conclusion must be that people don’t resist or fear change itself. We like comfort and want to be in control of the change. More control, more comfort, easier to change. Not an easy equation to grab by the ears, and yet it is fairly straight forward.

In their book, ‘Switch’, Chip and Dan Heath allude to the logical and emotional side of change. They call it the ‘elephant’, our emotions that control most things, and the ‘rider’, our rational self trying to control the elephant.  They state that to institute change, three elements must be addressed. It must make sense to the logical side, but maybe more importantly, it must move the elephant, the emotional side as well. In addition, a path for success or achievement must be shaped so that the change can indeed be instituted.

Whether you are trying to manage a change for yourself, or you are trying to manage change for someone else, you must ponder how to address, or fulfill, each of these three elements. The Heath brothers call it ‘Direct the Rider, Motivate the Elephant, and Shape the Path’.

In a parable about mice and cheddar, Spencer Johnson’s book ‘Who Moved My Cheese’, illustrates that the mice who figured out that the cheese was somewhere else and not the normal spot, motivated themselves to pursue the new location, and made a plan to get there, filled their bellies.

Common Resistors

As we’ve established, people like to be in control of their change. But what about people hesitating to make a change they can control? There are a number of reasons why people resist choosing change:

  • The status quo is more comfortable.
  • Underdeveloped coping skills.
  • Fixation on a part of the change that’s not in control.
  • The discomfort brought on by change is often perceived as unfair, rather than as a catalyst for growth.
  • The justification feeling of ‘no need to change’.
  • A perceived lack of security.
  • Peer pressure – the ‘naysayers’ rule.
  • Fear of failure.

If you look at each of these resistors closely you will see that either the logical or emotional side has not been satisfied related to the change being contemplated, or there is no clear path established.

In a book called ‘The Power of Habit’, Charles Duhigg discusses in great depth, the things that we become comfortable with that become habits and do not require us to engage our ‘resource restricted’ decision making process.  It’s when we are presented with changes, or choices, that those resources are used up, and sometimes we just run out of gas. Our decision-making resources are depleted and change is stymied. The bigger the change, the more resources are required, the easier it is to run out of gas.

Understanding that concept and its effect on you – and recognizing that it is what is happening – can be enlightening. It can also be motivating to get the job done. Getting the job done means making the decision, yay or nay, with clarity and conviction, and ultimately driving change for the betterment of our lives. Understanding that these mental resources are being used up, and more rapidly for bigger changes, can provide the ability to realize that just because you can’t get to that point to make the decision to change, doesn’t mean that you can’t plan the decision-making process with precise smaller steps to ultimately get to that very decision point.

Improving Response to Change

If you’re in the majority of people who are, or have been, at some point, resistant to change, don’t feel bad. The uncomfortable feeling that accompanies change is a fairly common psychological response built into all of us.

In fact, it’s normal for us to perceive change as a ‘psychological threat’ – or an environmental challenge to our safety or integrity. Our natural instinct is to protect ourselves. So, what can we do to help us implement changes that will benefit us?

In the event of that visceral reaction to change, a rational appraisal of the situation and of yourself, is the best tool you can use to overcome your discomfort, and then determine whether or not reacting with only emotions or feelings might prevent a great opportunity.

On the other hand, the rational side can analyze you into the ground so you can’t move (analysis-paralysis). We need the emotional side too, including the vision for the future, the pursuit of dreams, the fulfillment of success, the picture we can create for ourselves. We need that energy.

Sometimes, if we can see a series of smaller steps along the way to achieving the change, it will help to get where us where we need to go. That’s shaping the path. When logic and emotion work together, change can be achieved more easily. Put another way, when the elephant and the rider work together down a clear path, that’s where achievement lies.

Exhausting Our Resources

There is another significant issue that comes into play when contemplating considerable change. Our ability to choose, is an exhaustible resource, as mentioned above. When given too many choices, we tend not to choose at all. There is study after study backing up this supposition.

In one study by physician, Donald Redelmeier and psychologist, Eldar Shafir, they found that when doctors were given a choice between recommending surgery or one medication, 47% chose the less invasive medication. When they had the choice between the same surgery, or two different medications, only 28% chose either medication. That’s an astounding result.

It’s called decision paralysis and it happens because we only have the capacity for so much choosing. In this case, even three choices were overwhelming as compared to two options.

The lesson here is to eliminate options as quickly as possible so you can really assess your very best alternatives. The likelihood of moving forward with life-improving changes is much higher when you have two choices versus more. That seems counter-intuitive, but science proves it to be true time-and-time again.

Adapting to Change

There’s no avoiding change in your professional life. After all, today’s business world frequently encounters changing market trends, changing career options, changing bosses, new technological advancements, corporate burnout, and other global challenges.  However, too many professionals still resist change or try to slow it down.

Adapting to change and making necessary changes is important to displaying leadership, developing skills, achieving dreams, and advancing career.

Professionals who embrace change, rather than resist it, have the following advantages:

  • Adaptivity in the face of the future.
  • More opportunities.
  • More chances to build resilience.
  • Paths to personal and professional fulfillment.

Maybe there’s an opportunity in your life to make a significant change. Whatever it is, the lesson is to assess the opportunity rationally (Direct the Rider) engage the energy (Motivate the Elephant) and envision the future, and plot the direction to the opportunity (Shape the Path).

Just maybe it’s your new baby, or it’s your cheese, or it’s just your best chance to direct your life towards your own goals, dreams, and desires.

Cal Wilson / August 1, 2023

Seven tips to rocking any presentation

At some point in your career, chances are you’ll have to deliver some kind of presentation. Some of us thrive under that type of spotlight, and some of us struggle. In either case, there are always ways to improve.  

In this issue of the Pulse, we’re looking at seven tips that will help you excel at presenting.  

Proofread everything ahead of time.  

When you’re done working on your presentation, the last thing you want to do is proofread, scanning every last word for mistakes. But it’s an important task, and one that might save you from stumbling or having to correct something as the presentation is happening.  

Get yourself in the right headspace. 

Easier said than done if you’re nervous of public speaking, but being in the right headspace to present is important. Focusing on your nerves and doubting your abilities won’t help you deliver a good presentation. Instead, try: 

  • Reminding yourself that your presentation message is important. 
  • Visualize yourself delivering a great presentation, rather than imagining the worst-case scenarios.  
  • Don’t apologize for being nervous; embrace it and use it as a kind of energy to put into your presentation.  

Ensure AV and lighting isn’t an issue.  

Some people need to rehearse more than others – so do what feels right for you. However, a test run to ensure the audio-visual equipment and lighting is working smoothly is critical.  

Be prepared to be cut short. 

There’s nothing worse than feeling rushed or like you’re running out of time. Oftentimes, if we know we have a ten-minute window, we will plan for those entire ten minutes. But sometimes things run late, or your time gets cut in half, and you’re left scrambling to fit your entire presentation into a smaller chunk of time than you prepared for.  

You can be ready for this by: 

  • Having a full version of the presentation you planned, and a version that’s 50% of what you’ve planned. 
  • Know ahead of time what content can be cut, and what is integral to your overall message.  
  • Don’t get too attached to unnecessary details. 

Don’t forget a hook.  

If you’re worried about audience engagement, a strong hook at the beginning of your presentation is a solid strategy. This could be anything from a relevant joke to an icebreaker activity.  

Prioritize being interactive.  

Humans do better when we’re being spoken to rather than spoken at. Avoid sounding like a lecturer by including interactivity, such as: 

  • Actively listening to audience questions. 
  • Encouraging audience members to engage with each other and the material. 
  • Asking for opinions and questions.  
  • Including a group activity, when relevant.  

Don’t forget a strong finish. 

Just like a good hook will get your audience engaged, a strong ending will leave them reflecting on your presentation long after it’s over.  

In conclusion
 

Whether you love or hate giving presentations, following these seven tips will make any talk you give go a lot smoother.  

Cal Wilson / July 24, 2023

How LTL shipping reduces the environmental impact of freight

By optimizing truckloads, Less-Than-Truckload (LTL) shipping helps to reduce the environmental impact of the freight industry. As the rest of the world looks to the shipping industry to reduce its carbon emissions, this solution is more important than ever.  

In this article, we take a look at the environmental upsides of LTL.  

The shipping industry is in the hot seat.  

At the beginning of July 2023, United Nations Secretary-General Antonio Guterres called for agreement to reach net zero greenhouse gas emissions by 2050. Guterres pointed to the shipping industry for its contribution to carbon emissions. Specifically, the proposal made by several member nations to introduce a global carbon dioxide emissions levy on shipping.  

Overall, the global shipping industry accounts for 3% of the world’s CO2 emissions. Concerningly, if things don’t change, shipping emissions are projected to increase by up to 120% by 2050. 

In the United States, the transportation sector accounts for approximately 27% of emissions.  

How does LTL help?  

While there are many proposals of how to reduce the environmental impact of the shipping industry, LTL is one solution already doing good.  

When using LTL shipping, the shipper pays for the space its goods take up on the truck. The rest of the cost of the truck trailer is divided among shippers paying to have their goods transported. This means that shipments aren’t going out unoptimized. Each LTL shipment is therefore more fuel efficient, reducing emissions and cost.  

It’s a win-win-win. 

The only way LTL is effective is if it’s as efficient as possible. Meaning, each trailer carrying its optimal load, making the most efficient deliveries, and consuming only as much fuel as needed. In this sense, it’s a win for the provider, the business using the service, and the environment.  

Consumers care about your commitment to environmental initiatives.  

A commitment to using more eco-friendly shipping options, such as LTL, is a win for your customer relations, as well as your bank.  

Increasing consumer awareness means your customers likely care about the environmental toll of the products they’re having shipped. In fact, recent studies have found that as many as 69% of consumers are willing to pay more for sustainable options.  

Luckily, because of the efficiency and lower cost to the shipper, employing LTL solutions likely means you will not have to offset additional costs to the consumer.  

In conclusion
 

With the world looking at the shipping industry to reduce its greenhouse gas emissions, LTL is one of many potential sources of more environmentally friendly practices.  

Cal Wilson / July 18, 2023

Is employee engagement on the decline?

Employee engagement is an important indicator of your company’s health. Engaged employees are more productive, happier, and overall, do better work. Keeping employees engaged, therefore, is an important part of any business strategy.  

In 2023, are employees engaged? Studies show, not as much as they could be. In this issue of The Pulse, we look at the state of employee engagement.  

Employee engagement is consistently low.  

A recent Gallup study revealed that 85% of global employees don’t feel engaged in their workplace. Meaning, only 15% of employees are engaged with the work they’re doing.  

That might seem like a catastrophic statistic, but you might be shocked to know, it’s pretty normal, despite experiencing a recent, significant drop. In 2022, employee engagement actually reached record highs, with 23% of employees reporting they felt engaged with their work.  

While an 8% drop is significant, it’s not entirely unexpected.  

So, if employee engagement is typically low, why bother trying to change it? 

Disengagement costs you.  

There is a price to low employee engagement. According to Team Stage, disengaged workers “have 37% higher absenteeism and 49% more accidents. They also make 60% more errors.”  

In contrast, companies with higher employee engagement see an average of 21% higher profitability, as well as better client relations.  

So how do you fix it?  

Employee disengagement has a lot to do with job stressors. The Gallup study found “44% of employees said they experienced a lot of stress the previous day.”  

High stress levels lead to exhaustion, burnout, compassion-fatigue, and overall lower engagement.  

Employee stress isn’t a problem you can will away, either. It takes meaningful work to resolve. According to the Society for Human Resource Management, “organizations that try to buy their employees’ enthusiasm and commitment are likely to be disappointed. While higher pay and better benefits generally improve a worker’s satisfaction and overall contentment, they don’t truly drive engagement and the extra effort that comes with it.” 

The best way to lower employee stress and increase engagement is by paying more attention to their needs.  

What employees need for better engagement. 

The Society for Human Resource Management says that, to support meaningful employee engagement, some of the things employees need include:  

  • The right tools to do their jobs – otherwise known as an ‘enabling infrastructure.’ 
  • Individual attention from their managers/supervisors. 
  • Training, coaching, and opportunities for continuous development. 
  • Proof that their voices matter, and that they’re being listened to by higher-ups. 
  • Social connections with their colleagues. 
  • Opportunities to give back to the community/service projects.  
  • Impactful recognition for their work. 

In conclusion
 

Employee engagement is suffering all around the world in 2023. However, if your business is suffering from low employee engagement, there are solutions to take before it becomes a crisis.  

Cal Wilson / July 10, 2023

What is a SaaS reseller?

In the world of Software-as-a-Service (SaaS), your business is often using suites of services from massive corporations like Google, Adobe, or Microsoft. But, oftentimes, you’re not going to deal with them directly. Instead, you can access the SaaS solutions you need through a reseller – a third-party company or individual that purchases software applications or services from a SaaS provider with permission to resell them to other customers. 

In this article, we’re looking at SaaS resellers, why a business would use one, and what to look for if you do.  

Why use a reseller? 

Because resellers act as a middleman between you and the big cloud services provider, there must be an advantage to using them over going direct to the source, right?  

Oftentimes, SaaS resellers will offer additional value-added services along with the software, such as customization, integration, training, customer support, or consulting. They may also bundle multiple SaaS solutions together to create a comprehensive software package tailored to specific industry needs or business requirements. Bundles and value-adds like these might not be available from the original software developer.  

Likewise, SaaS resellers can often walk business customers through several different software options, rather than just whatever one specific company has developed. B2B customers benefit from a reseller’s knowledge when selecting and implementing SaaS solutions.  

Of course, one of the most enticing incentives to go with a SaaS reseller is the pricing. Since resellers usually receive discounted pricing from the original provider, they can set their own prices when selling to their customers. This creates a mutually beneficial relationship between the SaaS provider, reseller, and end user. 

What to look for in a reseller? 

There are many resellers out there, so ensuring you choose a good fit for your business is a must. Some things to consider when making a choice: 

  • Specific product offerings – a diverse portfolio of software applications indicates their ability to cater to different business needs and suggests a comprehensive understanding of the SaaS landscape. 
  • Customer service environment – if they don’t have 24/7 customer service, and your platforms experience difficulties during their downtime, it could cause your business unnecessary disruptions to your service.  
  • Their pricing model – compare their pricing with other resellers and directly with the SaaS provider. Ensure that the reseller’s pricing is competitive and provides good value for the services offered.   
  • Experience in your industry – it’s beneficial to work with resellers who have a deep knowledge of the software products, understand your industry, and can provide valuable insights and recommendations.  
  • Value-add – what does the reseller bring to the table on top of the software offerings?  
  • Scalability – can the reseller keep up with your company’s potential future growth?  
  • Contracts and flexibility – before signing yourself into anything, review the reseller’s contract terms, including licensing agreements, renewal options, termination clauses, and any potential restrictions.  

As with vendors of any business service, the best practice is to not settle for a vendor that doesn’t meet or understand your needs. Do your research, explore your options, and make an informed decision.  

In conclusion
 

There are a lot of benefits to buying your business’ SaaS solutions through a third-party reseller; better pricing, extra support, and industry expertise among them. However, when looking for a reseller to work with, ensure it meets all your business’ needs and has experience working with your industry.  

Cal Wilson / July 4, 2023

Reflecting on the power of LinkedIn

In July of 2013, we published an issue of the Pulse looking at the growing power of LinkedIn, a platform that, at the time, had 225 million users and was quickly growing. Now, ten years later, the twenty year-old social network has over 930 million users, and has become a part of the standard corporate networking experience.  

So, is LinkedIn still a powerful tool a decade later? In this issue of the Pulse, we investigate.  

Is LinkedIn oversaturated? 

With nearly a billion users, LinkedIn has become a lot more crowded than it was a decade ago. Many users are simply creating profiles because they feel it is necessary for their careers, without putting significant effort into the networking aspect of the site. Your inbox is likely to fill up with promotional messages about things you don’t care about. Your timeline might be congested with personal posts that seem like they belong more on Facebook or Instagram than a professional networking site.  

So, is LinkedIn past its point of usefulness? Not quite.  

LinkedIn still brings a lot of value to the table. 

While the platform has certainly changed and expanded through its massive growth, there is still tremendous opportunity to bolster your career and connections.  

Given, this isn’t true for all professionals. Although we may all feel the pressure to hop on LinkedIn, it tends to be the most successful for those in traditionally “white collar” positions and professional practices.  

So, if that’s you, what are the benefits of being purposeful and consistent with your presence on LinkedIn?  

Expanding your network.  

Like any social media platform, LinkedIn is designed to help you expand your network. Specifically, your professional network. It’s a great way to keep up to date with colleagues, clients, contacts, and prospects, as well as keep them updated with your professional accomplishments.  

Participating in groups. 

LinkedIn supports the creation of and participation in groups focused on specialized topics, industries, locations, etc. This is a great way to maintain your professional network in a relevant way, focusing your social media effort on the topics that make a difference to your career. Especially with virtual networking on the rise in the past few years, these kinds of groups are a more organic way to meet likeminded professionals.  

Establishing your expertise.  

Various posting options on LinkedIn, such as articles and videos, allow you to establish yourself as an expert in your field. Knowledge-sharing is an important part of thought-leadership, and optimizing LinkedIn to build that credibility with your network could have significant benefits for your career.  

Researching positions/applicants.  

Whether you’ll be looking for a new position in the future, or will be hiring applicants for your organization, LinkedIn is a good platform for keeping up to date, researching organizations and people, and reaching out to potential options.  

Likewise, your profile gives you the opportunity to keep others informed about your past and present accomplishments, positions, and skills, meaning potential recruiters can find you.  

In conclusion
 

Although LinkedIn is a much more crowded platform than it was when we wrote about it ten years ago, and those extra users can come with extra filler on your newsfeed, there are still a lot of benefits to maintaining your profile. 

Cal Wilson / June 20, 2023

Why setting boundaries at work is as important as in your personal life

Many of us know we need to set boundaries in our personal life, whether that be with friends, family members, or romantic partners. When it comes to our careers, it can often be a bit harder to establish boundaries and look out for ourselves; with income and future success on the line, sometimes it’s easier to roll over and put up with things that don’t serve us.  

However, for your long-term wellbeing, it’s important to set boundaries at work, as well as at home. In this issue of The Pulse, we look at why.  

The benefits of boundary-setting.  

Ensuring you set healthy boundaries at work isn’t just good for you. It benefits your entire team, as well.  

Clear communication of your boundaries allows everyone working with you to understand your limits, capabilities, strengths, and weaknesses on the job. This doesn’t mean you’re never going to be pushed outside your comfort zone – that’s still a healthy part of growth – but by communicating your boundaries, your colleagues will understand how to best work with you, leading to everyone’s success. 

Likewise, establishing and sticking to healthy boundaries helps build your self-esteem, protect your emotional and mental wellbeing, and prevent burnout. 

What does this look like in the workplace? 

Obviously, boundary setting in the workplace is going to look a little different than in your personal life. Especially if you’re trying to set a boundary with a supervisor. It may involve a little more tact or subtlety in some situations, and assertiveness in others.  

There are many strategies you can implement to effectively establish boundaries.  

Prioritization.  

Reflect on and prioritize what’s most important to you in setting boundaries. You may be able to set hard lines in some areas but need to compromise in others. Being clear about where you’re flexible and where you are not critical to setting and maintaining boundaries. 

Clear, respectful communication.  

If someone has crossed a line or made you feel uncomfortable, tell them. Be honest but respectful when approaching a situation, not confrontational.  

Follow through.  

If you set a boundary, but don’t follow through, you’re giving others precedent to continue to overstep your boundaries.  

Practice ways to say “no.” 

You can’t always say no on the job. However, there are a lot of situations where you should. It can be hard to find the right words, so have a toolbelt of effective, assertive ways to say no. These can include: 

  • “I’m not comfortable with that.” 
  • “I can’t take that on right now.” 
  • “My plate is already pretty full.” 

Utilize your “out of office” and “do not disturb” functions.  

We’re trained to be on all the time in the digital age. Putting on your “do not disturb” function outside of work hours, or during busy work periods, is a way of setting a boundary about your work-life balance.  

Ask for help when you need it.  

Don’t struggle alone. If your workload is too much, or a co-worker is violating boundaries, seek support from the systems available in your workplace.  

In conclusion
 

Boundary-setting is a critical skill in all aspects of life, including in the workplace. When everyone communicates and follows their colleagues’ boundaries, we’re all more likely to succeed and avoid burnout.  

Cal Wilson / June 19, 2023

Combatting self-doubt as an entrepreneur

Self-doubt is a huge obstacle many face in their entrepreneurship journey. It can prevent us from taking important steps forward, impact performance, and can even negatively affect the way others view us. While a degree of self-doubt and insecurity is a part of being human, letting it hold you back from success helps no one.

What is self-doubt and where does it come from?

Doubt is a lack of trust, certainty, or conviction; in the case of self-doubt, that’s directed inward. Even if, on some level, you’re aware of your skills and assets, there’s an underlying nagging sense that you’re not going to succeed or you can’t accomplish your goals.

There are many potential culprits behind a person’s self-doubt:

  • Negative self-talk – even if it seems in jest, putting yourself down and focusing on your weaknesses can have a long-term impact on your confidence.
  • Past experiences – our brains pay more attention to negative experiences, like failures, than positive ones, like when things go smoothly.
  • Comparison to others.
  • Perfectionism – holding yourself to impossible standards makes achievable goals seem out of reach.

There are a lot of reasons why a person might be generally insecure,  but when it comes to someone’s career, these factors are certainly counterproductive.

How is self-doubt holding you back?

On top of it being simply unpleasant, there are a lot of ways self-doubt is holding you back when it comes to business. Here are just a handful of the consequences to self-doubt in business:

  • Reduced capacity for logical decision making, causing indecision, second-guessing, and potentially even missed opportunities.
  • Increased anxiety and stress.
  • Decreased confidence and self-esteem.
  • Hindered personal growth, due to fear of taking risks, trying new things, and having experiences outside your comfort zone.
  • Increased strain on personal and professional relationships.

All these facets are incredibly important to business success. Sharp, rational decision making is a crucial skill for any entrepreneur. Confidence and self-esteem are often needed to make successful pitches or stay afloat during hard times, while increased anxiety and stress can lead to the opposite. Personal growth is tantamount to growing your career and business, and fostering strong relationships is also critical in that process.

All of this to say, to thrive, you need to find a way to combat self-doubt.

First, identify the source of your self-doubt.

If you’re caught in a loop of self-doubt – maybe it’s about going into business, or maybe it’s anxiety before a pitch to a prospect – you have to stop and identify the source.

Are you focusing on a similar time in the past that went poorly? Do you not have enough information to move forward comfortably? Are you, in general, paralyzed by a fear of failure? All of these may be valid concerns – but can be addressed productively to move forward.

Arm yourself with information.

If the issue is that you just don’t feel like you have enough details to comfortably move forward in a given business scenario, then combat your doubt with information as your weapon.

Educate yourself on any relevant topics, seek details and clarifications, and answer any questions you might have that could contribute to your self-doubt.

There is always a risk of ‘paralysis by analysis’ so do identify that line if you can, where more information is valuable, or just your way of feeding your self-doubt. That’s not an easy task, but an imperative one.

Don’t dwell on negative memories.

Easier said than done, right? Well, chances are, if you were able to remember everything neutrally, there would be a higher number of times when things went well compared to when things went poorly. While our brains are easily drawn to the bad, if you take the time to list all the times things went well, where you succeeded and achieved your goals, you’ll find confidence comes a bit more naturally.

Take the leap.

If you’re stuck in the limbo of self-doubt and indecision, rip off the band-aid. Break the anxious thought loop and do what needs to be done. You can’t be successful without taking a risk.

Seek support where it is helpful, and not a crutch.

Dealing with self-doubt is a universal human experience. Chances are there are other people in your circle who have experienced the same thing. Whether it be a close friend, a family member, a peer, or a colleague you can trust, opening up and talking about your self-doubt can be the first step in resolving it.

The important thing to remember is to choose people who will be honest with you about your strengths and weaknesses, as well as challenge you to take those next steps and get outside your comfort zone, not hold you back. The world is full of naysayers, so take care here to consider opinions but trust yourself in the end to decide what’s best for you.

In conclusion


Falling prey to self-doubt – while a normal human experience – only holds you back when it comes to your entrepreneurship journey, or any other journey for that matter. Finding strategies to combat it will improve your confidence and decision making capacity, all while opening you up to new opportunities.

Cal Wilson / June 14, 2023

You can’t have success without taking risks and making choices

Going into business is a calculated risk. So is moving to a new city for a new job, applying for a position outside your comfort zone, or asking for a raise you believe you deserve. When considering your future career goals and entrepreneurship, planning on taking calculated risks is critically important.

Opportunities for growth.

Canadian writer and motivational speaker Robin Sharma once said, “If you’re not failing a lot, then you’re not doing very much.”

That’s because taking risks, trying new things, and experiencing small failures, is all a part of the larger journey towards success.

Taking risks opens new opportunities for professional and personal growth. Any time we do something that puts us outside our comfort zone, we open ourselves up to acquiring new skills and valuable learning experiences, all of which increase our likelihood of future successes.

Failure isn’t failure unless you say it is.

Stimulating innovation and creativity.

Risks often involve trying new things, using new methods, considering new perspectives, and thinking outside your norm. This can lead to breakthroughs that inspire innovation and creativity. New approaches not only develop your own existing skillsets but could also lead to wins on professional projects.

Adversity is a terrible thing… to waste.

For example, trying a new method of completing a project or a new sales pitch may not only show you an alternative path forward to success, but can also offer valuable insights into what works for the future you want to build.

Increasing your professional visibility.

You’ve heard the expression, “fortune favors the bold?” Well, that’s because boldness and taking calculated risks can get you noticed, where others may fly under the radar.

Taking risks can help you get noticed by others in your industry or organization. When you take on challenging projects or roles, you increase the likelihood of gaining visibility and recognition for your work, which can lead to increased opportunities, networking, and career advancement.

Avoiding career regret.

No one likes being left with a heap of “what ifs”. We often regret the risks we didn’t take more than the ones we did. By taking calculated risks, you are giving yourself a chance to pursue your goals and aspirations, and you are less likely to wonder later in life what could have happened if you had taken that chance.

Entrepreneurship is a risk.

If you’ve ever dreamed of owning your own business, the factor stopping you from getting there might be the potential risk. Risk of failure, of losing money, of not enjoying it the way you thought; these are all variables to account for. However, to be successful, you need to take those risks.  You can’t have one without the other.

There will always be risks in your professional career – some worth taking, some not. However, the biggest folly can be to resign yourself to never taking any calculated risks. There are lots of reasons why a well-planned risk will be in your favor.

Cal Wilson / June 12, 2023

High-risk merchant accounts and your payment processing fees

If you’re a business that accepts card payments, especially online, you may have encountered the term ‘high-risk merchant account.’ This can be a nerve-wracking term to hear, especially if it applies to you and your finances. So, what is a high-risk merchant account, and how does being labelled as one impact your payment processing fees? In this article, we take a look.  

What is a high-risk merchant account?  

A high-risk merchant account is what your processor may require you to operate under, depending on certain characteristics about your business. These characteristics are what the processor would typically associate as a higher risk for chargebacks and fraud.  

What makes a business high risk? 

Ultimately, it’s up to the processor’s policies. Some processors base it off particular industries, marking firearm, tobacco, cannabis, and other kinds of sales as high risk. International sellers are often also marked as high risk.  Since there is no governing body deciding what is high risk, every processor’s rules are going to be a bit different.  

Some other common risk factors include: 

  • Subscription-style payments plans. 
  • Being on the Member Alert to Control High-Risk Merchants, or MATCH list — a list managed by Mastercard that monitors merchant behavior, like chargeback history. 
  • High average transaction sizes. 
  • High sales volumes. 
  • A large number of card-not-present transactions, such as online or over-the-phone purchases. 
  • Little to no business experience. 
  • Long fulfillment time frames. 
  • Poor credit. 
  • Past fraud or illegal activity. 

What industries are labelled high risk? 

Again, it’s going to be up to the individual processing company, but there are some industries that have a greater likelihood of making those lists. These include, but are not limited to: 

  • Adult products or services. 
  • Bail bonds. 
  • Automotive parts and accessories.  
  • Regulated industries, like tobacco, cannabis, liquor, firearms, etc.  
  • Debt collections and credit repair. 
  • Online dating services.  
  • Dropshipping.  
  • Weight loss and dieting. 
  • Pawn shops. 
  • Online gaming and casinos.  
  • Travel and vacation.  

The high-risk label might impact your bottom line.  

On top of annoying you with a lengthier application process, being labelled high risk by your processor also comes with potential financial repercussions. These can include: 

  • Higher card processing fees. 
  • Higher chargeback fees.  
  • Cash reserve requirements – where the processor might hold onto some of your revenue as a hedge. 
  • Processing volume caps. 

None of these are ideal for your business, especially if you’re a new company trying to get off the ground and become profitable.  

What can you do?  

Unfortunately, you need a card processor, and you can’t always control the variables that mark you as high-risk. If it looks like this might end up being you, there are steps you can take to reduce your risk level, such as implementing policies to reduce chargeback levels and working towards improving your credit rating.  

It’s also important to note that many processors will try to lock high-risk accounts into longer-term contracts. Why wouldn’t they if they’re charging higher rates, right? If you’re signing a new contract, or stuck in a contract you’re unhappy with, working with an independent professional to review your card processing environment could be extremely beneficial.  

In conclusion
 

Every payment processor has different rules for what makes a business a ‘high-risk’ account. Falling into that category, regardless of whether or not it’s in your control, can impact your payment processing fees, and therefore, your business’ profitability. Â