How managers have been changed by the pandemic

 

Ever since the pandemic happened, a lot of managers quickly gained more responsibility and many who are new have been exposed to even more jobs than before. However, as negative as that may sound, business experts think this could be the perfect scenario for managers to change into more responsible and reliable people than what they were before. Here Yas Aloosy shares how this could be.

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One of the things seen from the managing department is how they confuse the words “manage” and “control”. For most managers, whether it be a new or experienced one, they think that there's only one correct way to do things and that is their way. From managers dictating how an employee should work or apprehending people that stray away from their methods, managers have been notorious to be controlling and very bossy instead of being caring and showing proper leadership. A manager’s job, according to Yas Aloosy, should be to make an environment in which employees can do their job best like giving them leave when needed, improving facilities, and dealing with troublesome customers properly instead of scolding those under them. 

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This current trend, however, is now changing. Being forced into working from home, managers can now better see the different situations that employees have been pushed into since they’ve also been backed into a corner. This allows the managers to keep in touch with their employees much more and give them the benefit they should be receiving in the first place. They now boost morale, ask for their employees’ situations, and show more care rather than being strict and bossy all the time. Yas Aloosy even predicts that in the future, this mindset could continue even when the pandemic is gone.

An exciting look at future tech for the healthcare industry

Perhaps no other industry has impacted major businesses in the world quite like the tech industry. Yas Aloosy explains that over the centuries, the continued development and advancement of technology has led to the flourishing of businesses in other industries. 

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One of the biggest beneficiaries of the constant breakthroughs and emergence of future tech is the healthcare industry. 

Today, Yas Aloosy looks at three examples of new tech which look to take the healthcare industry by storm.

Electronic Aspirin

Electronic aspirin is a patient-powered tool that can help patients block the cause of chronic headaches. It involves the implanting of a small-nerve stimulating device on the side of the head which is affected by the headache. At the onset of a headache, patients can put the device on the cheek of the side of the head and block the neurotransmitters causing the pain. 

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Robotics

More present than future tech, robotics have already made quite a huge impact on the healthcare industry. One of the most obvious examples of this is in surgery wherein robotics can make more precise incisions. Telemedicine and drones have also been considered in this category as well.

Needleless Diabetes Treatment

There is a company named Echo Therapeutics that is coming up with a transdermal biosensor that can read the blood of a diabetic to check the blood sugar levels. This patch may render painful skin pricks and other syringes for diabetics obsolete, Yas Aloosy notes.

New technologies that will take off in 2021

 

Despite the global health crisis, many companies in the tech industry are already preparing to launch new products set for release in 2021. Yas Aloosy, a tech, finance, and business expert, shares some of the technologies that will take the stage next year. 

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5G

Many American mobile carriers are already planning on implementing 5G or the fifth generation of wireless cellular technology in the near future. Even with the pandemic, the industry is all the more sensing the need for a faster and better connectivity. While many people are already impressed with 4G and LTE, Yas Aloosy explains that 5G can go up to 10 times faster than 4G and allows more devices to connect at the same time. The speed of 5G will make other technologies such as AR and IoT more accessible.

Artificial Intelligence

In the past years, many people have become more familiar with artificial intelligence. Technologies such as Siri, Waze, Alexa, and Google Assistant have become commonly used. However, AI technologies can still offer more, even to the average consumer. According to experts, this technology can be used for better privacy and security. It can also boost the efficiency of work processes across various industries. Yas Aloosy says that the accessibility of AI technologies is showing consumers the potential to make life more convenient. 

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Robotics in healthcare

Along with the realization that healthcare workers also need to be protected, many companies are seeing the need to incorporate robotics in healthcare. Using this technology for vulnerable populations will not just speed up the processes, but also allow the healthcare sector to do more, especially now that more people need medical attention. From diagnosis, treatment, to caregiving, the use of robotics will assist professionals so that they can give the highest quality of care to patients.

Recommended reading: Best finance books today

To be adept at financial matters, Yas Aloosy notes that people should never stop learning, even after graduating from school. On that note, Yas shares some of the best books about financial management and other closely related topics for people looking to learn more about handling their finances. 

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Rich Dad, Poor Dad

One of the quintessential books on investment and financial management, "Rich Dad, Poor Dad" by Robert Kiyosaki has been a best-seller for years. It has been tagged as a must-read by experts for anyone new to the investment game. The book's main thrust revolves around cyclic cash flows and the benefits investors can gain from them.

Personal Finance for Dummies

Eric Tyson's "Personal Finance for Dummies" is a great and fun read for first-time investors who are deep into their 30s and 40s, those who have already made something of themselves and are looking to try out something new. Tyson talks about resource management and how to budget, handle debt and mortgage, and pay off taxes. 

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Secrets of the Millionaire Mind

In "Secrets 0f the Millionaire Mind," T. Harv Eker shares easy-to-understand techniques and methods to secure the financial blueprint they desire. By financial blueprint, Eker means how people see money. He also emphasizes the change of attitude in terms of financial management.

How drones have changed our lives forever

 

In the past, it was quite unthinkable for humans to take flight, so when the first airplane was created by the Wright brothers, it was quite a big deal. Soon enough, commercial flying became the norm to transport people over very long distances in a short amount of time. 

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Today, Yas Aloosy talks about the latest revolution in flight, which allows us to make flying machines do things for us even when we are not on board. This blog is about how drones are quite literally changing our lives today.

Construction and infrastructure planning have proven to benefit a lot from the use of drones. Today, a drone can give the best views of buildings and construction sites that allow engineers to make sense of the physical world as it impacts project development. These autonomous flying machines are also made to record images and videos that identify differences between as-designed and as-built site plans.

E-commerce juggernaut Amazon has also looked at drone technology to improve its already reputable delivery service, Yas Aloosy shares. With its concept named Amazon Prime Air, they plan to make use of a drone delivery system that can facilitate package deliveries in 30 minutes or less. With its sheer brilliance, there is really no reason for this not to be approved by the government.

Drones have already been proven to be very helpful in disaster and relief operations. In Haiti, drones were able to prove their value when these were used to deliver consumable goods and medicine to earthquake stricken communities in 2010. Today, in a pandemic where everyone is more confined in their homes, drone technology is expected to be an essential service that people will depend on, projects Yas Aloosy.

Common mistakes that lead to bankruptcy

Businesses usually end in three ways, closure after decades of successfully running the business, getting bought off, or bankruptcy in its early stages. With the entire world economy going into a slump because of recent events, entrepreneurs are on red alert when it comes to taking care of their business. And while the international health crisis could end soon, there are still common mistakes that can lead to corporate bankruptcy. Business expert Yas Aloosy believes that knowing these mistakes can help entrepreneurs avoid them in the future. 

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Incurring debt
While initially getting a loan to begin your pursuit of business, incurring additional debt on top of your existing one can grow your chances of closing soon. Some businesses make the mistake of seeing a few months of good cash flow and assuming that the next few months would be better. And so they end up taking in more loans thinking they would make more money because of this investment. But if it doesn’t pan out, you could end up with more debt and stocks that you may not be able to dispose of or sell at a reasonable time.

Mishandling customer service
Yas Aloosy claims that every business should put a high premium on customer service. Losing out on customers is a constant occurrence for a lot of businesses. But there are times when proper customer service help you avoid this situation in the first place. Mishandling customers could lead to pricey consequences like lawsuits.

Poor understanding cash flow
Not everyone graduated with a degree in business or accounting. However, entrepreneurs can go ahead and start their business without prior knowledge when it comes to cash flow. While it may look simple for most people, cash flow is a very delicate element that sustains your company. Being unable to read your books properly could mean missing details that can bleed your company dry in the long run. Yas Aloosy suggests entrepreneurs get proper training first or hire a competent accountant to help manage cashflow.

How businesses can prepare for a financial crisis

While the government ignored early warnings of the COVID-19 pandemic, some businesses were able to foresee the effects it could have on their company and employees. And if there’s anything entrepreneurs know, it is that a financial crisis can come up without as much as a warning. This is why Yas Aloosy believes that businesses should have plans in the event of a sudden drop in the economy. Here are ways to prepare your business for a financial crisis.

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Ready a financial cushion

If people can create emergency funds, so should businesses. Companies should prepare financial cushions that can support the business and their employees for a certain number of months, much like a personal emergency fund. Yas Aloosy claims that companies shouldn’t lay off loyal employees because of their shortsightedness in preparing emergency funding.

Make sure your credit score is healthy

Businesses with great credit scores have a lot of flexibility when it comes to credit. For companies who may look to take on loans to satisfy their staff payroll during financial difficulties, having a great credit score can mean easier transactions and a better time at getting loans approved. If a company has a bad credit rating, banks and other lenders may not be as willing to help the business.

Settle delinquent accounts

Some companies may have clients who have yet to deposit payments for products purchased or services rendered. And if a business is suffering from economic hardship, chances are so are its clients. This is why it’s important to have all payables settled. Yas Aloosy suggests hiring a third party debt collection agency to help recover payments from delinquent clients.