How A Life Mentor Can Change Your Life

You would always want to have a special person in your life who carves it so efficiently that you gradually realize the importance and beauty of having a life mentor in your life. A life mentor changes your life for good and gives you all the right principles to mend your lives and help you in achieving the best of your abilities.

These mentors have certain responsibilities that they need to fulfill and certain expectations they need to meet and when they do that to perfection, they grow up to be a role model for the respective person because of all the guidance and knowledge that have been imparted.

Here are a few benefits of having a life mentor like that:

• GIVES YOU ALL THE SUPPORT THAT YOU MIGHT NEED

It is very usual and common to feel dejected and low after a failure or defeat, it is during this time that a life mentor provides you with the much needed support that will make you jump back in your feet right away. This life mentor will console you and guide you and make you see the brighter side. They will patiently listen to you and remind you of the times when you were successful which will also remind you of the potential you have, this kind of motivation is very much required to get back on the saddle.

• THEY ARE THE STRONGER VERSION OF YOU

There will be times when you yourself will not believe in your capabilities and strength and potential, it is during this time that your life mentor will never give up on you and believe in you much more than you can ever believe in yourself. Your life mentor knows you the best and knows exactly what is possible for you and thus never gives up on you so easily, they are always there for you no matter what and that is how a life mentor should be.

• THEY ARE ALWAYS HONEST WITH YOU

You can be totally confident of receiving the correct and honest feedback on your work from your work mentors. They want the best for you and hence they will never lie about how good or bad your work is so that there is enough scope for improvement. Your life mentor will do the job of showing you the correct path and discover your own self very effectively because of this honesty.

• MOTIVATION AND INSPIRATION COMES EASY TO THEM

It is very much necessary to have some motivation and inspiration in your life to do certain kind of things in your life. This push of motivation and inspiration keeps you going and this is what these mentors are meant to do. Give you this motivation to move ahead and the inspiration to work harder. They will always be there to push you a bit forward every time you face some difficulty or negativity.

Using Blockchain Technology Companies for Trade Finance

One of the most propitious industries for blockchain technology is trade finance. Many of the world’s largest banks are putting time into its research and development.

Thanks to a consortium of 71 global financial leaders, R3CEV, much has been uncovered about potential uses of blockchain technology.

Since 2016, R3 has executed several pilot runs in the marketplace to complement their research. They will continue to improve these strategies until ready to fully enter the market.

So, what are some of their findings of potential use? Here’s the future of trade finance with blockchain technology companies.

Monitor Real-Time Status and Condition

One of R3’s members, CBA, is a leading contributor to the research of blockchain technology. Currently, they are undergoing 3 different projects to analyze blockchain use.

They are conducting a trial run with exporters who ship cotton. A humidity monitor is placed inside the canister, which is linked to IoT and GPS.

This monitor allows consumers to track their shipments with real-time status. Also, they are able to evaluate the condition of their product as it travels through.

Other national blockchain technology companies are running pilots, similar to this study. In Singapore, Hellosent is conducting similar tests. However, they’re studying the import of French wine.

Eliminate Unpaid Settlements

A growing issue for grain farmers is a financial loss due to trade insolvencies. An estimated $50 million was lost in 2014 because of this activity.

It takes roughly 4-6 weeks for a farmer to receive payment for their shipments. At that, often times conflict arises between farmers and buyers over payment complications (failing to pay the appropriate amount, late payment, etc.).

Australian start-up, Full Profile, has taken matters into their own hands.

Their blockchain platform allows farmers to now receive automatic payment upon delivery of grains. This will significantly reduce the risk of dispute between farmers and buyers.

Once Full Profile’s application is fully functional in a domestic setting, they will expand on external trade.

Digitize

The use of blockchain technology can also be beneficial to reducing financial loss and risk. Upon further development, it will be able to digitize sales and legal arrangements.

Trade finance is an unwieldy industry, that relies heavily on settlements and contracts. Currently, most of these agreements are handled the old-fashioned way: paper copies.

Blockchain technology will remove the need for this paper-based system. This ultimately reduces the risk of financial loss as documents are often lost, mishandled, or tarnished.

Electronic documentation can be tracked much more efficiently. Also, it cuts out the need for a third-party verification system.

Interested in Learning More About Blockchain Technology Companies?

Blockchain technology creates transparency in financial trade between buyers and sellers. From the moment an order is made up until payment, blockchain is capable of simplifying the trade process.

Are you looking to jump into the world of international trade? You’re at the right place. It would be great to know your thoughts and comments.

At Adam Smith Associates Pvt. Ltd., we aid our clients through all of their trade finance needs. Contact us to learn how we can help you!

Consultants: Do You Believe In Your Value? 4 Keys

While organizations, should seek the best possible leadership, and the utmost involvement, from their leaders, and stakeholders, there are often times, when a particular project, activity, etc, necessitates, or indicates, using a qualified consultant! However, it’s important to remember, all consultants are not created equal, nor possess the same skills, assets, attitude, abilities, or understanding/ empathy. Selecting the wrong individual, for your circumstances, often achieves little, constructive purpose, and is often, merely costly, and/ or mis – directed! We often, fail to evaluate and consider, whether someone, believes in themselves, and the value, they provide! Therefore, this article will briefly examine, and discuss, 4 keys, in terms of, considering, and evaluating, whether the consultant, believes in himself, and his personal value.

1. Why do you charge, a particular fee? Regardless of one’s field of specialty, there are several factors, which determines, the fee, one asks for, etc! How would you determine your fee, and why? If you don’t believe you provide, a high quality, meaningful value, why should anyone, be willing to hire you? How do you excel, and provide, some sort of unique service, and/ or level of advice?

2. Perfect, and believe in, your elevator speech: If someone asks you, or if the moment presents itself, how might you effectively, entice others, to listen to you, your advice, and the directions, you suggest? Consider your elevator speech, which is, how you might explain, what you do, and how it serves others, in the time, it takes to ride an elevator! Remember, unless you, truly, believe in what you say, why should anyone, even, consider, using you, as a consultant! Qualified consulting, means focusing on the needs, concerns, and requirements, of those you serve!

3. Set the example!: Avoid proceeding, with the mindset, of, Do what I say, not what I do! Consultants must be meaningful leaders, who inspire, care and direct others, to be, the best, they can possibly be! If you consult, it’s important, to set the proper example, and show others, the best, possible path of action!

4. What unique assets, do you bring, to the table?: Consultants must ask themselves, how are they different, and what unique assets, skills, and abilities, do they possess, and bring, to the table! For example, an event planning consultant, must be the definitive authority, and clearly demonstrate, a combination of skills, which, under – promise, and over – deliver!

You aren’t a true, professional consultant, until/ unless, you, first believe in the value, you provide, and then deliver a quality, consistent product, to your clients! Will you dedicate yourself, to becoming, the best, you can possibly be?