Browse Category


Mistakes Made by Team Leaders

Mistakes Made by Team Leaders

Mistakes Made by Team Leaders

Mistakes Made by Team Leaders – In a recent survey (early 2011) of a current and former employees working in the banking and financial services firms in the UK. Team leaders and team members revealed 17 Among the mistakes made most frequency by managers in banking and financial services firms are:

1. Poor Communication

If you are new to the role, ensure that you arrange meetings with all members of your team, as a group (and individually, depending on the size of the team) soon after you have been appointed. This will ensure that as a Manager and Leader you share the overall team goals, provide an update on the needs of the business and set expectations for contributions from each member of the team. Even more importantly, meeting at an early date will allow you to answer questions and provide clarification for all team members. In this way, there is less likelihood of your team receiving information from the ‘rumour mill’, instead of official sources. It will be your opportunity also to identify members of the team that may be resistant to any impending change and to begin understanding personalities and strengths among members of your team.

2. Poor preparation for your role and tasks

Part of your own preparation for a new job or promotion should be improving your knowledge about the organisation as a whole and specifically the objective or purpose of the department you will be managing. Your preparation should include discussions with others who were part of the team previously -both team leaders and members. Such discussions can provide invaluable insights. You will begin learning about the strengths and weaknesses of your team. In so doing, you can begin to develop strategies and identify concrete actions that will enable you to develop a more effective and high performing team. In this phase of your research, you will be able to assess if you have the relevant skills to manage the team.

One way of conducting your skills review is through self-assessment with a relevant skills matrix. This can be done using a SWOT analysis (SWOT -Strength, Weakness, Opportunities, Threats)s. The findings from your self-assessment will help you to decide which skills you need to develop more urgently. Especially through training and/or coaching.

3. Setting unrealistic timelines to achieve individual and team targets

Your success as a Leader and Manager depend on the effectiveness of your team. Therefore, do not set up members of your team for failure! If you do not understand the scope of the task, discuss with your own line manager or members of your team. When you insist on setting unrealistic time-lines, you are setting your team up for failure.

A simple way of ensure you set relevant timelines is through prioritizing. When there are urgent and important tasks to be completed. Ensure you set out clearly what is required and provide resources necessary to ensure timely completion. Sometimes, in order to achieve this you have to subdivide a priority project into a number of tasks. Which might then be completed by different members of the team working to very clear timelines. As the Team Leader or Manager, your role will be to ensure you have updates at agreed timelines. Identify unexpected problems and resolve those immediately.

4. Demonstrating very poor interpersonal skills when interacting internally

Your research on the team you are about the lead will enable you to conclude. Which of the five stages of team development they will be when you begin your role. When you can decide whether your team is at the forming, storming, norming, performing or adjourning stage. In this way, you will be more attuned to the needs and working style of members of your team. A key requirement during this stage will be very strong global and active listening skills.


To improve your listening skills. You should consider a short training course/refresher in effective communication skills or work one to one with an Executive Coach. Alternatively, for a longer term strategy, consider joining a club dedicated to improving communication skills, e.g., a local Toastmasters club.

Identifying ways of avoiding some of the costly mistakes made by Team Leaders and Managers at a very early stage. Will give you a head start in getting up to speed rapidly. This will allow you to empower your team to even higher levels of performance.

More articles about
1. Slot Game Online
2. Casino
3. Politics

Credit Card Debt Negotiation

Credit Card Debt Negotiation

Credit Card Debt Negotiation

Credit Card Debt Negotiation – For many years there was a little-known way to have your credit card debt settled for a lot less than you owed. The rumors that are often spread are that you can get a significant reduction. If you offer a lump sum to the loan company in exchange for them removing the debt. In essence this is true, but in order for you to be able to do this. There are a number of exclusions that apply to the individual seeking such an offer. The most often overlooked criteria are that you must be having trouble to pay back regular payments. If you are already managing to meet these requirements then you will not be eligible to negotiate a settlement.

Why would the lender accept such an offer?

In order for any lending institution to accept less than the amount they have already given you and wipe-out. The debt as their loss they must be convinced that it is the best option for them. Such a crisis for them would be where the debtor keeps missing payments. Even if they inform the credit company in advance. Keeps changing the plan to lower amounts that they can afford. This is a clear signal for the credit card company to believe that the individual is having so much trouble in repayment that they cannot really afford any type of payment.

These companies are also aware that being in debt over long periods of time will make your ability to make repayments harder. In addition, suffering from constant debt as well as the cost of living makes economic survival much less likely. The longer that this position runs for, and with any type of uncertainty of employment or business. There is a probability of credit card bankruptcy. This is not a position that the credit card company would like to be in. For it does mean that they will quite possibly have to settle for a lot less than they would have otherwise accepted.

Who should not apply for credit card debt settlement negotiation?

If you are managing to make your payments on time, or even just managing and you are in full employment and have very little out-goings then you should not consider any type of settlement. Your household out-goings only refer to the direct bills such as electricity, rent or anything along those lines. It does not refer to the amount you spend every week on caviar, new shoes, or cable television. There is a difference between bills you have to pay and those you do not.

If you have a high disposable income but are still not managing to live on your means then you will more likely benefit from some type of financial planning. Perhaps a debt management plan. There are a lot of completely free debt management advisory services that can show you the mistakes or abuse that you’re making of your credit and how you can overcome these habits.

What is the best course of action?

The best choice you can make is to go and see a financial advisor, either free or paid. They can advise you if your case is worth going for a settlement. Any type of advice does not have to be followed but it is necessary to realize that perhaps the opinion of somebody who is qualified to review your accounts is worth considering their opinion. You are of course fully entitled to seek additional opinions, and this is always good advice.

With regards to telling the lending institution what they want to hear in order for them to give your case consideration. These types of advisors are perhaps the only people that can help you word and send your request to give it the priority it deserves.

There are also legal requirements that any credit card company, or other type of lending organization. Must comply with during this time and while they were lending money to you. A financial advisor, even the free ones. Can advise you of any wrongdoing that may have occurred in that time period and can set about rectifying those or sometimes using them to the clients advantage.

Capital One Credit Card

Capital One Credit Card
Capital One Credit Card

Capital One Credit Card – If you currently have a balance on your card and want to avoid incurring more debts, lowering your interest rate can help. But how can you lower the interest rate on your Capital One credit card? Well, one option is to negotiate with the company to reduce the rate. And while your final answer is likely to be no, knowing the steps below could help improve your chances of getting a favorable answer. How to lower interest on a Capital One credit card.

First step: Assess your current situation

Before you call the customer service number on the back of your Capital One credit card, you need to understand what your situation is. To do this, read what the current card terms are, including details such as the grace period, statement expiration date, and your current balance.
By preparing in this way, you’ll be able to better evaluate the options Capital One might offer you and therefore know how to act, what decision to make, and what to do if your request is rejected.

In this order of ideas, it’s important to know your credit and credit score, since you can use them to your advantage the moment you’re trading. Having a solid credit is an indicator that you’re not a financial risk and that you can pay your debts, so the company might be more willing to approve your application.

Step two: Build your credit if needed

If you find that your credit is less than optimal, you may want to work to improve it. That way, you’ll be more likely to have Capital One accept your request. In this order of ideas, you need to keep your credit utilization rate (the percentage of your credit limit you’re using) at 30% or less.

Step three: Look for competitive credit card options

Credit card companies and banks need to compete with each other to attract more customers, meaning they need to offer attractive rates and features.

Therefore, our recommendation is that you do a little research and see what options are available on the market. If you find a card similar to yours that offers a better rate, write down the card name, company, and terms. You’ll want to share this information when you contact Capital One.

Step four: It’s crucial that you understand the credit card company’s perspective

You can conduct better negotiation if you understand what the company needs to see to accept your request.

For example, it makes sense for a bank to want to make sure that a specific customer poses a lower risk before agreeing to reduce the interest rate on the financial product it uses, whether it’s a credit card or a loan. And Capital One is no different from other credit card companies. On the other hand, if you pay in full, or at least a good portion of an outstanding balance, your credit score may improve. And once this is reflected in your credit reports, lowering your Capital One credit card interest rate could be much more likely.

Common Question:

What should I do if I need a lower interest rate due to financial difficulties?
Answer: If you’re having trouble paying your Capital One credit card due to financial issues. Trying to reduce your interest rate is a logical step in making it easier to pay your bills. In this case, Robert Franer III, LPL Financial’s wealth consultant. Suggests calling customer service to inform the company that you can no longer make payments due to your current situation.
Our tip: Explain any mitigating circumstances and ask the company for help through a lower interest rate, or ask if they have any relief program.