Lifestyle Perfected

The phrase “living for Friday” seems to accurately describe many team members' attitudes these days.

It appears to be a pattern where team members are disengaged and clocking in doing the bare minimum at work. They’re eager to break out the beers when Friday rolls around and enjoy the weekend.

Then come Sunday evening, they’re hit with the Monday blues, and the cycle repeats.

Do you see this pattern among your team members – disengagement, lack of productivity and collaboration, and low job satisfaction levels translating to reduced profits?

If so, it’d make sense to re-evaluate the type of workplace culture you’re building.

So, here’s my advice: The “secret sauce” to building a high-performance tribe is creating an environment where they feel valued.

When you do this, you’re fulfilling a human desire, the desire to belong. And it’s this sense of belonging that will ultimately drive your company’s long-term success.

If you'd like coaching to align your company purpose, culture, and organizational roles please DM me the word 'Coaching' for your complimentary alignment sesssion with me.

Sending you love,

Nadav
& the Lifestyle Perfected team

What some of the biggest CEOs in the world have to say about life balance...

On sleep

“Sleep is precious to me. I’m very disappointed if I don’t go to bed before midnight. We have a rule: no laptops in the bedroom. Being on computers all the time makes me feel gross.”

David Karp // Founder & CEO at Tumblr

On the impact on your work performance

“Take care of yourself: When you don’t sleep, eat crap, don’t exercise, and are living off adrenaline for too long, your performance suffers. Your decisions suffer. Your company suffers. Love those close to you: Failure of your company is not a failure in life. Failure in your relationship is.”

Ev Williams // Founder & CEO at Medium

On looking at life as a juggling game

“Imagine life as a game in which you are juggling some five balls in the air. You name them — work, family, health, friends and spirit, and you’re keeping all of these in the air. You will soon understand that work is a rubber ball. If you drop it, it will bounce back. But the other four balls — family, health, friends, and spirit — are made of glass. If you drop one of these, they will be irrevocably scuffed, marked, nicked, damaged, or even shattered. They will never be the same. You must understand that and strive for balance in your life.”

Brian Dyson // Former CEO of The Coca-Cola Company

On the importance of mental and physical health to long-term success

“When you’re passionate about what you do, it’s easy to fall into bad work habits. I think losing momentum is probably every startup founder’s biggest fear. However, your mental and physical health is just as important as your work.”

Alex Zaccaria // Co-Founder of Melbourne-based startup Linktree

When you’re a CEO, dealing with stress and uncertainty comes with the job.

But like what these CEOs said, it should never be at the expense of your health and sanity.

How do you rate your life balance on a scale of 1-10?

Sending you love,

Nadav
& the Lifestyle Perfected team

What does the say about optimism and leadership?

Based on a study called Managerial Attitudes and Corporate Actions published in the Journal of Financial Economics, the researchers found:

Most CEOs in the USA were more optimistic about life than members of the general population.

80% of CEOs in the USA were what the researchers dubbed “very optimistic” people.

Aside from being optimistic about life, CEOs in the USA were upbeat about the prospects of their businesses and more willing to take risks than members of the general population. These traits, optimism and risk-taking, influenced their companies’ financial policies and decisions.

As John Graham, a finance professor at Fuqua, wrote, CEOs with traits like optimism and risk-tolerance might initiate more mergers and acquisitions because “they are more content to ‘roll the dice’ on business deals.”

Having a quality like optimism also positive impacts other areas of life:

Countless studies have shown that people with an optimistic outlook have healthier relationships, enjoy better mental and physical health and live longer.

Another recent research study by Frost Bank found that optimists are more likely to make smart moves and reap the benefits when it comes to money. They found that 62% of optimists exhibit better financial health, nearly 7X higher than pessimists at 9%.

How does leadership make you feel?

Anxious, stressed or overwhelmed?

If so and you'd like to change those misalignment patterns, DM me the word 'Alignment' and claim your complimentary alignment session with me.

Sending you love,

Nadav
& the Lifestyle Perfected team

Corporate social responsibility (CSR) is a company’s commitment to its impact on society, both the negatives and positives.

In terms of the negatives, a company must minimize the potentially harmful effects of its operations on its stakeholders, such as the owners, team members, customers, and society.

While in terms of the positives, it’s a company’s responsibility to maximize benefits on society such as philanthropic contributions like donating money or volunteering to a worthy cause.

Why is corporate social responsibility important?

Now more than ever, businesses are seeking leaders who are committed to both their shareholders and the social impact of their businesses.

This is more prevalent in today’s society because of movements like , which highlighted the abuse and harassment of team members.

Time magazine also recently reported more than 400 high-profile executives were accused of misconduct. At least half were fired or resigned.

Hence, it’s critical to have a CEO that can solve many problems and contribute to a better society.

There's a multitude of areas that impact a companies CSR index score.

Which is why, at Lifestyle Perfected we coach CEOs and Founders through 24 areas of life and business.

Each area contributes to creating a more productive and happier organization that creates a positive impact on the world as well as ensuring the organizations leader is an aligned work and prsonal life.

If you're a CEO and you'd like our support in elevating your perosnal or work life, DM me the word 'Alignment' for your complimentary alignment session with myself.

Sending you love,

Nadav
& The Lifestyle Perfected team

What does the data say?

According to a recent study conducted from February 2020 through July 2020, with thousands of business executives and HR professionals around the globe, leaders and team members are burning out at record rates.

Results from another survey in Development Dimensions International Global Leadership Forecast 2021 have similar findings:

Nearly 60% of leaders reported feeling used up at the end of the workday – a strong indicator of burnout.

Approximately 44% of leaders who felt used up at the end of the day expected to change companies to advance; 26% expected to leave within the following year.

Only 20% of surveyed leaders believed they were effective at leading virtually.

These statistics don’t exactly paint a good picture of a CEO or leader maintaining a solid work-life balance.

It’s easy to wonder…

Is having a good work-life balance even possible for a CEO?

Let’s look at what some CEOs, successful leaders and entrepreneurs have to say about work-life balance.

Richard Branson on sleep:

On sleep

“Sleep is precious to me. I’m very disappointed if I don’t go to bed before midnight. We have a rule: no laptops in the bedroom. Being on computers all the time makes me feel gross.”

David Karp, CEO of Tumblr on life balance and performance:

“Take care of yourself: When you don’t sleep, eat crap, don’t exercise, and are living off adrenaline for too long, your performance suffers. Your decisions suffer. Your company suffers. Love those close to you: Failure of your company is not a failure in life. Failure in your relationship is.”

If you're a CEO and you'd like our coaching to help align your relationship with Life Balance, DM me the work 'Alignment' for your complimentary alignment session with me.

Sending you love,

Nadav
& the Lifestyle Perfected team

Does fear of failure keep you up at night?

If so, you’re not alone.

According to a study conducted by Norwest Venture Partners, 90% of CEOs lose sleep because of their fear of failure.

Yes, achieving the title of “CEO” is a significant milestone, but it comes with uncertainty, the pressure to succeed and a struggle for a work-life balance.

All of the above combined, and you have a recipe for burnout.

So, what’s one way to avoid burnout?

> Work-Life Balance <

CEOs are constantly on the go.

Between juggling work meetings and family obligations…

Logging 16-hour days…

It’s all too easy to have a poor work-life balance.

So, what exactly is work-life balance?

It’s a state of equilibrium where a person equally prioritizes their career and personal life.

Maintaining a solid work-life balance is essential to a healthier work and home life for CEOs.

As Chris Chancey, career expert and CEO of Amplio Recruiting said,

“A good work-life balance has numerous positive effects including less stress, a lower risk of burnout and a greater sense of well-being.

This not only benefits team members but employers, too.

Employers who are committed to providing environments that support work-life balance for their employees can save on costs, experience fewer cases of absenteeism, and enjoy a more loyal and productive workforce.”

So you might be wondering... whats the first step to achieveing Life balance?

When you hear the phrase “work-life balance,” it conjures images of healthy CEOs who spend 8 hours working, 8 hours sleeping, and the remaining 8 hours with their family and passions.

However, this is unrealistic as people prioritize their lives differently.

So, the first step to improving your work-life balance is to define what it is to you, based on your priorities, instead of conforming to societal expectations of what it looks like.

Sending you love,

Nadav
& The Lifestyle Perfected team

What are the disadvantages of a negative work environment?

What does the data say?

Though there are many advantages of a positive work environment, many companies still insist on a miro-managerial culture to drive their financial success.

It’s because there’s an assumption that stress and pressure push team members to perform more, better and faster.

However, a growing body of research suggests a ruthless environment has three hidden costs and is harmful to the business over time.

• The American Psychological Association estimates approximately $500 billion is siphoned off from the U.S economy due to workplace stress.

• 60-80% of workplace accidents are stress-related, and more than 80% of doctor visits are due to stress.

• A study conducted by Anna Nyberg at the Karolinska Institute demonstrated a strong link between leadership behaviour and heart disease in team members – Stress-producing bosses are quite literally bad for the heart.

While a negative environment can ensure engagement for some time, research suggests the inevitable stress will lead to disengagement over the long run.

• In businesses with low team member engagement scores, they experienced 18% lower productivity, 16% lower profitability, and 37% lower job growth.

• On the other hand, businesses with highly engaged team members experienced 100% more job applications.

Research demonstrates that workplace stress results in 50% voluntary turnover as team members either choose to go on the job market, decline promotions or resign.

And the turnover costs associated with recruiting, training, lowered productivity and lost expertise are significant.

Fortunately, companies with a positive work environment do exist.

If you want to elevate your company culture, DM me the word 'Alignment' and start creating your positive work environment today.

Sending you love,

Nadav
& the Lifestyle Perfected team

What is a positive work environment?

Simply put, it’s a workplace that fosters team members’ safety, growth and goal attainment, encouraging them to thrive and perform to their highest ability.

What are the benefits of a positive work environment?

As mentioned, it’s undeniable that a positive work environment is essential for the success of team members and the business.

This is because when team members are happy, extraordinary things happen to the business.

Below, I’ve outlined 6 advantages of having a positive work environment.

1] Team members are more productive and efficient.

When stress and negativity are eliminated, team members experience productivity boosts because they’ll invest their energy to ensure the best results when they're happy and motivated.

2] Team members have the right attitude.

They’ll have a positive attitude and be open to challenges and learning.

3] Team members are more creative.

The driving force of a business is innovation.

In a positive work environment, team members are more inspired and motivated, which spurs them to think of innovative solutions to problems.

4] Team members are collaborative.

They’re more willing to engage with their fellow workers and maintain a positive, constructive relationship with them.

5] Happiness is contagious.

In a healthy and positive work environment, happiness spreads throughout the workplace like a wildfire in the forest.

Terms like “the Monday Blues” become irrelevant as team members look forward to working.

6] Team members’ success contributes to the business’ success.

CEOs who respect their team members and motivate them to enjoy their work inspire dedication, loyalty and success of the business.

If you want tot elevate your work environment and company culture, DM me the word Alignment to claim your complimentary Alignment session.

Sending you love,

Nadav
& The Lifestyle Perfected team

The Difference Between Financing & Investing

Financing and investment are both very different but designed to do the same thing. Bring money into an organization.

In short…

Financing is the act of obtaining money through borrowing, earnings or investment from outside sources.

Investing is the act of obtaining money by building up operations or purchasing investment products such as stocks, bonds and annuities.

Let’s take a look at the different types of financing and investment and how they can be used to grow your company.

> Borrowing

Borrowing money is the most straightforward way to finance a business. Borrowed money can come from a range of sources, including banks and credit unions, or family and friends.

> Investor Funding

Obtaining money from investors is a more complicated form of business finance. Investment capital can come from venture capitalists or angel investors, who are likely to demand an ownership stake in the business.

> Retained Earnings

Saving profits for a period of time can allow a business to raise debt-free capital with no strings attached.

Saving a portion of profit in retained earnings over time can take longer than obtaining a loan or investment, however, possibly causing you to miss time-sensitive opportunities.

> Real Property

One type of investment is the purchase of real property.

Productive equipment like;

Machines
Vehicles
Software
Buildings
Land

> Income Investments

Purchasing investment products is fundamentally different from investing in productive and real property.

Real property and estate can also be used for investment purposes and sold at a profit.

If you'd like help financing and funding your orgnization or venture, dm me the word 'Alignment' for your complimentary alignment session.

Sending you love,

Nadav
& the Lifestyle Perfected team

When Should A Growing Company Source Financing & Investment?

The chances are you can expect similar growth rates to how your competitors have grown and continue to grow.

From there, you should look at the challenges from a cash perspective you may experience as you continue to grow your company.

For example, outgrowing your current facility and needing a bigger one could be a potential challenge.

Especially if your working capital is tied up in buying stock ahead of time.

You could be in quite the predicament.

Do I stop buying stock and temporarily stop producing so I can acquire a larger facility and more equipment or do I stay stuck at the current revenue ceiling?

This is when investment and funding is really powerful.

It allows you to get the funds you need to progress into the next stage of your company's growth without interrupting your current operational output.

Let’s look at the action steps you can take to fund your company's growth.

ACTION STEP 1] Decide what form of investment or financing works for you

No two companies are the same so it’s important for you to analyse the current position your business is in so you can confidently review the potential ways of acquiring capital.

ACTION STEP 2] Find the right investors

Whether you’re crowdfunding or leaning towards private investment, choosing the right investors can make or break your company.

ACTION STEP 3] Outline the terms

Once you’ve decided the best form of funding for your company, this website > https://www.rocketlawyer.com provides some helpful information and templates to help you raise funding as well as explaining the more complex options.

Sending you love,

Nadav
& the Lifestyle Perfected team

Why Should A Company Source Investment Or Financing?

Businesses can require funding for a multitude of reasons.

Reasons can include:

Working capital to buy machinery.
To hire more staff.
To fund a venture.
To refinance existing loans.

Below I’m going to walk you through 5 main reasons why a company may seek financing or investment so you can start to ponder whether it’s something your company could benefit from.

1. Working Capital

A loan can cover short-term funding requirements while giving the business the money it needs to grow, or can bridge the gap between customer orders and supplier payments to help the company meet its funding obligations.

2. Asset Purchase

While you may have enough cash to cover working capital expenses for your company, you may look for a loan to cover the purchase of new assets to enable your business to expand.

3. Starting A New Business Or Venture

While most directors will use their own funds to start the business, very few manage to entirely self-fund the company to profitability, and will therefore have to seek external funding.

4. Growth Funding

If you’re looking to grow your business to take it to the next level, you may very well need funding that enables you to execute on your business plans.

5. Debt Restructuring

If you need to restructure your company’s debt, a loan that consolidates your borrowings and reduces costs can make your finances more manageable for your business.

Sourcing funding and investment for your company can eb challenging.

There's a multitude of options you can choose from and it can be challenging figuring which one is right for your companies current stage in development and future goals.

If you'd like coaching to align your funding and investment strategy, DM me the word 'Alignment' to claim your complimentary alignment session with me.

Sending you love,

Nadav
& the Lifestyle Perfected team

The Difference Between KPIs & Metrics

KPIs are measurable values that show how effective your processes are at producing a specific objective.

Metrics on the other hand are different because they only track a specific business process and aren’t focused on performance or output.

Some people think metrics are just watered down KPIs but it’s not the case. KPIs require targets and timeframes to reach specific targets. Metrics can have all of those things or none of them.
Here’s an example of how a KPI and metric can differ or be similar.

An example of a marketing metric would be SEO ranking.
Is this a KPI?

I would say no because although it is an important piece of data to show us how we’re performing in searches, it’s not tied to a specific outcome. It’s simply a ‘good to know’.

Instead, I would track website opt-ins as this figure directly influences the business objective of hitting a certain number of sales. We can set monthly, quarterly and yearly targets for this and use it to predict revenue growth.

We can still monitor the metric of SEO ranking as an aid to predicting opt-in rates.

Why does the difference matter?

Well, it all comes down to inspiration and motivation.

KPIs act like guideposts on our way to a specific objective and can help inspire the team to keep moving towards the final objective.

The truth is you want to monitor both KPIs and metrics.

The reason being, a metric may evolve into a KPI if it proves influential when it comes to reaching an objective and vice versa.

A KPI may become a metric if tracking it doesn’t influence overall performance or output.

By helping our client Catherine Deane monitor her KPIs & Metrics better, her company did in 1 month what it hadn't been able to do in 10 years of business. They beat their $290,000 monthly revenue goal during Covid.

If you'd like helping elevating your KPIs DM me the word 'Alignment' for your complimentary Alignment Session.

Sending you love,

Nadav & the Lifestyle Perfected team

KPI stands for Key Performance Indicator.

They are a measurement of your company's performance over time.

Without them it can be difficult to gauge progress of individual team members, departments and the organization as a whole.

When it comes to quarterly or end of year reviews, the same conversation can happen time and time again about a lack of growth.

If KPIs aren’t being tracked then it can be difficult to decipher what the lack of growth is down to.

You see, without data you have no idea what the problems are, where the bottlenecks are located or what weak areas need to be addressed.

However, flip that on it’s head and the situation is very very different.

With a wealth of data you can make informed decisions in the best interest of the company

How do you become a competent KPI tracker?

ACTION STEP 1] Define the goal you want to achieve.

The first step to success is defining what success looks like in both the long and short term.

ACTION STEP 2] Decide which KPIs require tracking so you can monitor progress

Once you’ve got a goal, next we need to decide which KPIs we need to be monitoring in order to gauge our progress and performance in relation to the goal.

ACTION STEP 3] Build KPI dashboards so the KPI data can be analysed

Tracking data is one thing but it’s important we have a way of analysing this data so we can make better business decisions.

ACTION STEP 4] Review current business performance

At this stage you should be holding regular meetings with the relevant team members to review the data.

Are you hitting the right numbers. Are those numbers moving the company in the direction it needs to go?

ACTION STEP 5] Review progress and adjust if needed

Once you’ve looked at the data you should be able to see where the bottlenecks are and adjust strategy accordingly.

Need help elevating your KPI tracking?

DM me the word 'Alignment' to claim your complimentary alignment session.

Sending you love,

Nadav
& the Lifestyle Perfected team