It’s Sunday, 31st March 2024, and in this week’s roundup, learn in 5 minutes or less:

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This week, the key things you need to know are:

39% of working people in America and the UK have a side hustle. Some people actually say that in today’s economy - a side hustle is no longer an option; it is a necessity because, let’s face it, most typical jobs do not pay enough.

There is also another argument that a side hustle makes sense because why would you want to rely on one income source? It's way too much risk for most people to stomach, and for the Careerguard team, we agree with this sentiment 100%.

If you are planning on starting a side hustle, these are some key tips to set yourself up for success:

Planning and Preparation:

Time Management and Prioritization:

Building Your Side Business:

Here are some $2k/month+ side hustle ideas - check these out if you are considering a side hustle idea to get started with.

In their own lives, these people have redefined productivity:

Basecamp, a popular project management tool, was founded by David Heinemeier Hansson. By emphasizing well-being, Hansson redefined productivity. Work-life balance and self-care are essential to him. He believes you can build a profitable business if you work 10 hours a week and by using existing business models.

At some point in your career, you may have wondered why you had been overlooked for a promotion in favor of another or why some employees seem to be favored over others. The reality is that office politics is always at play, and those who know how to align their skills with the decision-makers are always favored. Navigating office politics is challenging, but knowing how to do it is imperative, as it will significantly impact your career success and overall job satisfaction for a long-lasting career.

Here is what we recommend you do going forward to navigate your workplace’s Office Politics:

Understand Office Politics: Pay attention to the dynamics at play within your workplace. Pay attention to how decisions are made, who holds influence, and any underlying tensions. By understanding the dynamics of the power players and the resistant groups, you will know how to avoid getting caught in unnecessary disputes or stepping on toes.

Build Trust and Respect: Be authentic in your interactions, follow through on your commitments, and treat others professionally and courteously. Building a reputation as someone who can be relied upon and who respects the contributions of others will earn you respect in return.

Effective Communication: Be transparent in your intentions and avoid gossip or backstabbing behavior. When addressing sensitive issues or conflicts, choose your words carefully and strive for diplomacy. Listen attentively to others' perspectives and be open to feedback. This will earn professional respect from your peers and foster more meaningful collaboration opportunities for career advancement.

Conflict Resolution: When conflicts arise, approach them constructively and aim for a win-win resolution. Focus on the underlying issues rather than personal attacks, and seek common ground where possible. Utilize mediation techniques if necessary and be willing to compromise for the team's greater good.

Networking and Relationship Building: Take the time to cultivate genuine connections with colleagues across different departments and levels of seniority. Offer your assistance, seek opportunities to collaborate, and show appreciation for others' contributions. Be a team player and participate in work-sponsored extracurricular activities and or competitions. By investing in relationships, you'll have a support system to lean on during challenging times and a platform to amplify your influence within the organization.

By navigating these aspects thoughtfully, you will build a positive work environment with influential relationships and a support system that champions you on your way to career success.

Interactive Investor is a UK-based investment platform and a perfect investment platform. It is a low-cost, award-winning, online investment platform enabling you to invest in stocks easily and manage shares, funds, SIPPs, ISAs & more.

Course Careers is ideal for someone trying to get into a career with Tech and start for FREE.

Skillshare is perfect for those keen on learning a new skill and for continual learning in the creator economy. Anyone can take an online class, watch video lessons, create projects, and even teach a class themselves on topics ranging from videography, Facebook ads, and growing a personal brand on TikTok.

Celebrity News: Federal law enforcement officials searched Sean ‘Diddy’ Combs Los Angeles and Miami properties recently, and his lawyer criticizes ‘ambush’ raids of the rapper’s homes amid sex trafficking investigation. Here’s what we know so far

Business: Chinese smartphone giant Xiaomi is taking on Tesla by launching its first electric vehicle (EV) and started taking orders. The firm recently announced that it received over 50,000 orders within the first 27 minutes of sales. Read more here

Tech: The Fallen ‘Crypto King’ Sam Bankman-Fried gets 25 years in prison for defrauding customers and investors in his now-bankrupt firm FTX. The ruling cements the downfall of the former billionaire, who emerged as a high-profile champion of crypto before his firm’s dramatic collapse in 2022. Read more here

Travel: Invest in quality travel gear: Durable luggage, noise-canceling headphones, and portable travel chargers can make travel more comfortable and efficient, reducing stress and allowing you to focus on work or relaxation as needed.

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