Although it may seem absurd now, the typical American employer for a long time did not offer maternity leave. A woman was required to leave her job when she became pregnant for a way too long time. If she was fortunate, her employer could decide to rehire her later. Thankfully, a lot has changed in the last two decades, and one industry in particular—the New Economy—has been deviating from the conventional working norms.
Technologically advanced businesses like Facebook and Airbnb are what power the New Economy. Additionally, they’re a terrific place for women to work because they’re disobeying many conventional laws of employment.
This brings up Magdalena Yesil’s book Power Up: How Smart Women Win in the New Economy. The purpose of the author’s power UP movement is to enable women to realize their potential and remove obstacles in their path by utilizing the New Economy.
Since new developments and improvements are constantly being developed in the technology sector, the field of the New Economy moves quickly. Keep a few fundamental ideas in mind if you want to stay on course through all of the turns and turns that lie ahead.
To start, it’s crucial to accept failures as an opportunity to power UP rather than let them demoralize you. In Apple’s early years, the author, Magdalena Yesil, committed a mistake. Steve Jobs and Steve Wozniak offered her a job, but she turned it down! She regrettably followed the advice of her undergraduate counselor, who had cautioned her about accepting a position with a software business with a fruit-themed name.
Instead of just berating oneself, Yesil realized that her error was due to her failure to conduct adequate research before making the choice. She chose to power UP instead. She would start doing her research and selecting her career after that.
A fundamental component of powering UP is maintaining humility, as doing so is essential to being open to insightful criticism. Yesil created a semiconductor chip as part of her first engineering job. In her first review meeting, she gave a presentation on the chip’s logic operations, and afterward, her employers severely reprimanded her performance.
Yet again, though, Yesil spotted an opening: this was a wonderful chance to discover and comprehend each and every design mistake that required correction. She was attentive and sensitive to all of the feedback during the meeting. Additionally, because of her openness, her coworkers were always honest with her regarding any areas in which she needed to improve.
This gets us to the third rule, which is to always be confident in your employment choices. A career shift can be an anxious and emotional process. Financial risks are frequently associated with change, but you must accept these costs if you want to realize your long-term objectives.
The author first worked with Marc Benioff while she was employed by Salesforce. Benioff worked at Oracle before they were coworkers, where he had a close bond with his mentor and a reliable job.
When Benioff joined Salesforce, there were just ten other workers in his 8,000 square foot office. But he conveyed a sense of assurance about his choice of employment to each of these workers as well as Salesforce investors. That choice was ultimately a good one, as Salesforce’s offices are currently the tallest structure west of the Mississippi.
You could be tempted to establish your own start-up straight immediately if you have a concept for a good or service that has the potential to become the next great thing. But there are a variety of reasons you might want to start off by working for a reputable business.
The regular hours and consistent pay are the first advantages. Startups are famously demanding of their few employees, frequently expecting around-the-clock dedication while offering limited resources.
Additionally, you’ll probably find it lot simpler to obtain funding for your creative concept from your boss at a reliable company than you would from a bunch of start-up investors. Even has its own term for the idea of developing fresh ideas while operating within an already established company: intrapreneurship.
Despite being the executive vice president of Wells Fargo, a 165-year-old bank that is a member of a tightly-regulated industry, Debra Rossi has experience as an intrapreneur. Rossi, who serves as the president of the Electronic Transactions Association in addition to her role at Wells Fargo, exercises her intrapreneurial prowess by selecting which cutting-edge start-ups are permitted to use the bank’s credit-card processing.
A unusual start-up showed up on her desk one day. According to the company’s business concept, items like plush animals would be auctioned off. It was known as eBay. Rossi gambled on eBay’s novel business strategy, and it was profitable. The alliance ultimately changed the way that online electronic payments are processed.
Working for an established business is a terrific method to gain practical experience that will improve your chances of starting your own successful business in the future. Before launching her luxury consignment website, The RealReal, Julie Wainwright worked as a brand manager for the cleaning products company Clorox. After working with Clorox for three years, Wainwright was familiar with brand development, marketing operations, and how to balance profit and loss.
She didn’t stop there, though. After Clorox, she worked for Software Publishing Corporation, where she established global distribution networks across Europe and gained additional knowledge about creating business plans and producing successful outcomes. Wainwright thinks that by working for these two businesses, she acquired the practical business skills necessary to start her own prosperous company. Therefore, even if you’re eager to launch your own business, you probably still have a lot to learn.
You could be tempted to relax if you routinely produce excellent work and assume that your supervisor will soon give you a raise or a promotion. However, you might have to wait a while if you choose such a passive strategy.
Unfortunately, outstanding work doesn’t often speak for itself, so unless your employer is a micromanager, there’s a strong chance you’ll need to argue your case and highlight all the fantastic outcomes you’ve been achieving.
Even if it might not come naturally to you, if you want to advance in the company, you must accept responsibility for your work. The female executive at a software company the author spoke with was astonished to learn that she had been passed over for the new head-of-product role. She took pleasure in her ability to create highly effective teams by letting go of individuals who didn’t perform up to par and introducing fresh talent with ease.
However, she had to personally demonstrate to her superiors how her hiring and firing decisions directly impacted the company’s productivity increases and cost savings because there were no established benchmarks to evaluate management abilities like hers. She eventually received the new post by making sure her work was acknowledged, earning her a place among senior management.
Therefore, it is up to you to make sure that your performance is assessed using criteria that your manager will take notice of if you want that raise. This entails gathering data that amply demonstrates your particular worth to the company. Asking your coworkers to contact you with comments on your efficacy following each presentation or meeting is a wonderful method to achieve this.
You’ll have a clear record of your performance, how it’s changed over time, and how your accomplishments offer value to the organization if you have written testimonials that are supported by emails. The next time you’re asking for a raise, you should feel more confident thanks to these testimonials.
You can reference your emails and respond, “In fact, Bob commented that my time management of the staff meeting in December was better than ever,” if your employer adds, “I don’t know, your presentations haven’t been that excellent lately.”
Are you sick of Joe in accounting’s awkward and offensive remarks? Then an increase in gravitas can benefit you. Being serious and dignified is the key to acting with gravity. And it’s the greatest way to tackle a bad circumstance, like offensive sexual remarks made at work.
A firm, upright, and confident posture, along with eye contact with the other person, are the foundations of gravitas. Wearing the right clothes will give you a sense of control and authority, which is a key component of gravitas. It was a black turtleneck shirt for Steve Jobs; for you, it might be a sharply tailored jacket.
Having gravitas can make it easier for you to handle verbal sexual harassment. In general, there are three methods you can confidently approach the harasser: How do you mean by that comment? is a good way to probe them. Alternatively, you could establish boundaries by expressing your discomfort with the comment and asking for respect. The alternative is to utilize comedy and state, “It seems like someone is asking for a meeting with the head of HR.”
You should understand that in certain circumstances, it’s preferable to be the “bitch” rather than the martyr. It’s a sad fact that women are frequently labeled as “bitchy” when they put their best effort forward to advance in their careers. The Clayman Institute for Gender Research at Stanford University asserts that when women display the same direct and forceful features as men, they are more likely to suffer negative consequences or even be demoted.
Lara Druyan encountered this discrimination in the late 1990s when she addressed a group of male coworkers and supervisors at Silicon Graphics as the lone female speaker. The moment she stood up to speak, it became clear that they were no longer paying attention. She was compelled to make a challenging choice as a result. She was aware that if she was forceful and complained about the rudeness, she might be referred to as a “bitch.” She urged the audience for the same respect shown to the other speakers, but she also understood that standing up for herself was the proper course to take. Gravitas will be helpful to you throughout your working career because it helps to make sure that people can clearly hear you.
Check out my related post: Do you have Executive Presence?