Motivation: 4 myths that you shouldn’t buy into

Once upon a time it was unheard of; motivation wasn’t really talked about by business leaders. Now, it’s one of the first words off the tip of their tongue and for a business to be successful in the modern-day world, they generally need to have a team whose motivation levels are up there with the best.

It is one of the reasons why online MBA degree programs have evolved and changed so much in content over the years. Previously, they may have focused on so-called “traditional” elements of leadership, with autocratic business styles historically preferred. Now, we have almost changed to an employee-first situation, where the views and opinions of workers are held in very high regard.

However, while there has been a change in culture when it comes to motivation in a lot of industries, there are still a lot of inaccuracies that are published about it. Through today’s post, we will hone in on some of these myths and tackle them for good.

“All employees are motivated primarily by money”

For a long time, this was the opinion held by a lot of business leaders. It was felt that the only way to motivate workers was to increase their salary.

However, over time, it was found that this only had short-term effects. Employees would be given a pay rise and might be motivated for a short period of time following this. As time progressed, these motivation levels relapsed, and they were back to square one. It might be regarded as an easy win for management, but it is not going to yield long-term results.

“All employees are motivated in the same way”

Hopefully, you already know that this is completely untrue. What works for one employee certainly isn’t guaranteed to do the same for another, and this is why a degree of personalization is required when dealing with your workers. One person might place a lot of emphasis on flexible working, while another might want a clear path to career riches. Finding out what makes your employees tick is crucial to your business.

“Employees aren’t bothered about recognition”

Next on the list is the recognition-factor. For a long time, it was speculated that employees didn’t really consider this a motivational factor. After all, they were enlisted to do a job, and that was the end of the matter.

However, various studies have concluded that being recognized by your employer is significant for a lot of workers. Whether this is simply verbally, or by a tangible reward, it can go a long way in making employees feel valued.

“Time wasting activities should be stamped out”

This final myth is still apparent in a lot of workplaces, with many businesses having a strict policy in relation to so-called timewasting activities such as surfing the internet during working hours.

From a motivational standpoint, it can work wonders though. It was found through studies at some high-profile institutes, including the University of Melbourne, that these sort of activities improve your workers’ concentration levels (and thus motivation).

Should it take up half of their day? Of course not. However, for say 20% of their working day, it can actually help out significantly.

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Winners do know what is important to be successful 

If you look into a person’s behavior, his or her confidence level will be visible to yourself. If he or she is a decent person and have a good sense of reality, that person is good at his or her work. On the other hand, an unsuccessful person will act totally different than a successful one. Lack of experience and sense will be visible in that person’s head. So, it can be easily distinguishable between a winner and a loser. If you want to be a winner in any kind of profession, you have to think like a winner. In every step of the working process, you have to act like a winner. In this article, we are going to talk about thinking like a winner in the trading business.

The realistic expectation from trades

In the trading business, there is no chance of living in the imagination. The more you can come back to the reality is better for the health of trading. Because the markets are consistently changing and you cannot know about the future condition at any certain time, you have to approach a trade with a solid strategy. And when you have placed a trade, it may not bring any good outcome too. Because when your trades remain to live the price trends can change radically. So, if you live in imagination too much this kind of phenomenon will bother your confidence in trading business. And having good confidence and dedication to your business is really important for learning it properly. So, have the most amount of realistic thoughts about your trades and trading edge possible.

Keeping things organized

No matter which profession you chose, you must stay organized. All the successful people in Australia have a very organized lifestyle. They know how to give proper value to their time. Similarly, you must focus on discipline and keep things organized. Forex trading is a very sophisticated profession but once you understand the basic concept of trading, you can easily secure financial freedom. There is nothing to rush, the market will be always present. So trade with a stable mindset.

Management of risks per trade

If you have learned about the possible fate, it will be easy for you to tolerate this business. But, now you have to trade to make profits. Otherwise, what is the reason for being here? Speaking of making profits, you have to control your investment. For those people who don’t understand the relationship between making profits and controlling risks, let us explain it to you. If you invest in a trade with a good amount of money, the expectation of it will be big. So, you will keep your trade open for a longer time. But, in that long timeframe, the condition of the market can go against your side. And eventually, you may end up losing the trade. And when the investment is big and you have kept it open for a long time, the losing amount will also be higher. In this case, the ‘stop-loss’ will also have a higher limit set by yourself.

Dealing properly with the environment

In this business, there will be a lot of roadblocks in your way to success. Even when you are running your profession with a decent speed, you may not experience good vibes from it. That is because you are not doing the right thing for being consistent in this business. You may be getting too much emotion in the working process. This is a common incident, traders fall in emotionally attached with trades they are making. That is because they have put money into those. And expecting some returns to come back from those. For that reason, traders get emotionally harassed with negative results and even with positive ones. For being a good trader you should avoid this mentality and concentrate on the real work.

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