Learn how to enjoy your vacation from work.

Read time: 8 min

Good morning!

INSPIRATION

“I don’t like to lose — at anything… Yet I’ve grown most not from victories, but setbacks. If winning is God’s reward, then losing is how he teaches us.”

– Serena Williams

LEADERS & INFLUENCERS: Learn from the best

IKEA’s Visionary Leadership

Being a great leader often means surrounding yourself with the best people and checking your ego at the door. Ingvar Kamprad, the founder of IKEA, shows what it means to be a visionary leader.

Kamprad focused on surrounding himself with the right people who created a sense of community loyalty and had belief in the concept. A rigorous interview process was created by Kamprad that ensured employees aligned to company values—thriftiness, attention to detail, and extreme cost-consciousness. Kamprad went so far as publishing ‘Testament of a Furniture Dealer,’ which detailed the IKEA philosophy and became the employee bible, to protect his company culture and values. His people and culture was something he fiercely tried to protect.

When Kamprad was in the early stages of IKEA, he wanted the company to succeed more than he wanted his ideas to be responsible for its success. So many of the distinctive IKEA elements did not originate from Kamprad himself. For example, Sven Gote developed the mail order/furniture store concept. Gillis, an IKEA photographer, came up with the idea of flat boxes, and that also started self-assembly furniture. Hans AX, a manager, designed the elements which modern IKEA stores are known for: a playroom for children by the entrance, a winding path through room displays, flat-pack furniture, self-service, probable furniture in small sizes, fewer items that required ordering, and a restaurant.

If Kamprad only adopted ideas that were his own or was too egotistical to find the value in others’ ideas, many of IKEA’s distinctive elements would probably not exist, and the company would not be the company it is today.

ACHIEVERS’ ARMORY: Equip yourself with proven tools & tactics

Sweet with Honeybook

Running your own small business is challenging. However, no matter how many times you hear someone say it, you don’t truly understand what it entails until you are in the thick of it. What started as a great idea has spawned into something complex, multi-layered, and borderline overwhelming. As a new entrepreneur, you can use all the help you can get. This is where HoneyBook comes into play.

HoneyBook is an online software built specifically for small businesses that sell their products online. This robust platform can help business owners tackle items such as processing payments, invoicing clients, scheduling meetings, submitting proposals, and creating contracts. HoneyBook also allows you to automate your entire marketing and sales process. Their services are design to help save you time, energy, and money.

Check out the various ways HoneyBook can help you run your business here.

EMOTIONAL INTELLIGENCE: Master the soft skills

When It’s Okay to Be a Karen

One word that’s hot on social media right now is ‘Karen.’

According to Wikipedia, a ‘Karen’ is a slang term used to describe, “a woman perceived to be entitled or demanding beyond the scope of what is considered appropriate or necessary.” Yea…life’s probably a little harder for people named Karen right now.

I think the problem with being a Karen is less about what you’re saying and more about how you’re saying it. Clearly, there are exceptions to this, especially when the content of what you’re saying is harmful, racist, sexist, prejudice, or downright mean. If you focus on talking in a kind, inquisitive manner, speaking up can be a good thing.

  1. If you don’t state your opinion, people will assume it or that you don’t care.
  2. Disagreement doesn’t equal conflict. If you have the same goals as someone with opposing opinions, you’ll (hopefully) be able to work together toward those goals. Disagreement can result in an even better solution or idea.
  3. If you have something genuinely good to say, don’t let it go unsaid! Appreciation, gratitude, respect, and admiration should be shared. You might feel a little silly sharing it, but you’ll make the other person feel so great.
  4. Opposition makes you better. Realizing that there is opposition to your beliefs, forces you to study, reinforce, or adapt them.

MONEY: Become wealthy

What is a Roth IRA?

A Roth IRA is a tax-advantaged retirement savings account that allows you to withdraw your savings tax-free.

Roth IRAs are similar to traditional IRAs. The biggest distinction is how they’re taxed. After-tax dollars fund Roth IRAs; the contributions are not tax-deductible. But once you start withdrawing funds, the money is tax-free.

Roth IRAs are best when you think your taxes will be higher in retirement than they are right now. You can’t contribute to a Roth IRA if you make too much money. In 2020, the limit for singles is $139,000. For married couples, the limit is $206,000.

The amount you can contribute changes periodically. In 2020, the contribution limit is $6,000 a year unless you are over 50—in which case, you can deposit up to $7,000.

MINDSET: Train your brain to win

3 Ways To Stop Worrying About Work On Vacation

Raise your hand if you ever worried about work while on vacation. We assume almost all of our readers are raising their hands. Even though vacation is meant to be therapeutic and relaxing, we end up worrying about what we are missing and what mess we might come back to when we return. While we cannot stop you from thinking about work, here are three ways to help you worry less and enjoy your vacation.

  1. Schedule A Detailed Out Of Office Message: Out of office messages are common but often lacking in detail. Instead of leaving the name of one contact, break it down based on the topic. List out everything you are responsible for and the person to contact that would most likely be able to help. This will make sure nothing falls through the cracks, and everyone gets the answers they need.
  2. Schedule Meetings With Your Team Members: Sit down with each team member, including your boss, before your vacation. Make sure everyone understands what they are responsible for covering when you are gone. Also, ask each person if they have any questions you can answer or concerns you can address before you leave.
  3. Create A Vacation Handover Document: Create and distribute a document that outlines the status of each project in progress. It should also list out your daily and weekly tasks, who is responsible for them in your absence, and how to complete them. Lastly, leave the contact information of anyone outside the company you speak to regularly in case something comes up.

FUN STUFF

The word “muscle” comes from a Latin term meaning “little mouse.” That’s a doozy.

NEWS BREAK: Stay informed

  • Joe Biden will no longer accept the Democratic presidential nomination in Milwaukee, Wisconsin.
  • Democrats are demanding more Republican concessions to meet an end-of-the-week deadline for a deal on pandemic relief.
  • Facebook deleted a post by President Donald Trump for the first time, saying it violated its policy against spreading misinformation about the coronavirus.
  • Satellite imaging has revealed that there are nearly 20% more emperor penguin colonies in Antarctica than previously thought.

1% BETTER: Improve each day

Set an annual reminder in your phone to check your smoke detectors.