How to Increase Your Visibility and Power
As I discussed last week, I recently came across one of my old newsletter articles listing 25 behaviors women exhibit in the workplace that cause them to lose power and visibility. Unfortunately, many women today still practice those behavioral traits, and by doing so they handicap their own careers.
Part one of my blog about these behaviors, which was posted last week, talked about the first 11 items on that list, including how to present yourself in meetings and how to promote your achievements. The comments I received in response, from both men and women, were encouraging, and included such words as “interesting,” “fascinating,” and “good stuff.” The analytics from the posting showed that many people forwarded the blog to colleagues, and others posted it on their Facebook pages or tweeted it to their followers.
I believe that this week’s discussion will be equally helpful. Part two picks up mid-list, and offers suggestions (below) about several other areas in which you can increase your visibility and power, and help your own career.
SPEAK WITH POWER:
12. Don’t say, “I don’t know,” when you do know.
These are the three little words that many women use towards the end of their comments that wipe out their credibility. A woman may outline her thoughts on a topic and then say, “Oh, I don’t know,” or “But I don’t know...what do you think?”
13. Watch out for “I think.”
If you say “I think,” you are indicating that you are unsure or don’t know. If that is true, then the use of “I think” is okay. But women have a tendency to use “I think” when they know. One vice president wanted to persuade a client that her company could meet the client’s deadline. During her presentation, she said, “I think we will meet your deadline.” The client went elsewhere.
14. Use direct statements instead of questions.
When you use a question instead of a statement, you are giving the other person the opportunity to say “no.” Instead of giving away your power by asking, “Can I add something?” say, “I’d like to add to that.” Instead of asking, “Could you clarify that statement?” say, “I need additional information.” More information on assertiveness can be found in my book, The Power of Positive Confrontation.
15. Speak loudly.
If I could say just one thing to women, after 20 years of helping them to get and maintain the visibility they deserve, it would be: “Speak up!” Women often speak too softly, and make it easy for others to tune them out.
16. Eliminate the giggle.
Many women giggle at the end of their sentences, and often don’t realize it. It makes them sound like little girls, and that’s a real power drain. Ask a trusted friend or colleague whether you have this tendency, or try to listen to yourself. One woman found out she had this habit when she heard her twin sister giggling at the end of her sentences.
ESTABLISH RAPPORT WITH OTHERS:
17. Greet and acknowledge others.
As you walk around, say hello to people – the ones you know and those you don’t know. Many employees judge the effectiveness of their managers on whether they greet and acknowledge others.
18. Enter a room confidently.
Walk into a room as though you belong there. Keep your head up and your shoulders back. Have a deliberate stride.
19. Make small talk.
I hear lots of reasons from women why they don’t want to make small talk. Some women say it’s not their personality. Others say if they make small talk with men, the men will think they are flirting. Think again! Small talk is an important business tool. It breaks the ice with people, establishes common ground, and allows people to get to know one another better. And you can talk to men without your intentions being misunderstood. Just keep the talk professional and not too personal.
20. Be proactive.
Go up to people at professional gatherings. Don’t just wait for people to come to you. Introduce yourself with a line like, “Hello, I’m Barbara Pachter. I’m one of the speakers for the meeting. And you are…?” Shake hands, also.
ESTABLISH YOUR PROFESSIONAL IMAGE:
21. Pay attention to your body language.
Don’t cross your ankles while standing. An amazing number of women still do this. It makes them look awkward and nervous. Stand assertively – no slouching, and feet shoulder-width apart. Don’t wring your hands or play with rubber bands, paperclips, or your hair. If you do, you are telling people you are nervous.
22. Shake hands correctly.
Many women weren't taught to shake hands. Others are under the impression that women don’t have to shake hands. Wrong! And a limp handshake is almost worse than no handshake. To shake hands correctly, touch thumb joint to thumb joint. Your grip should be firm but not bone-breaking.
23. Stand up when shaking hands.
Many women also were taught that they do not need to stand. I disagree. Women do need to stand, otherwise they are sending the message: “I’m not as important.” You are on more equal footing when you stand up. When I shake hands with the participants in my seminars, only 35% of the women stand; 75% percent of the men stand.
24. Dress appropriately.
A very bright and competent woman was told she wasn’t promoted because of her sexy dressing habits. In a professional situation, you don’t want to wear clothing that’s too low, too short, too sexy, or too anything. Think about the message you are sending when you wear short skirts. You’re not saying, “Look at me because I know what I’m doing.” You’re saying, “Look at me because I have great legs.” Additional information on business and business casual dress can be found in my book, The Essentials of Business Etiquette: How to Greet, Eat, and Tweet Your Way to Success.
25. Don’t become the “mother.”
Your role is not to “take care of” or “baby” others. After a coaching session with me, a woman cleared the table as we were leaving my office. When I asked her why she did this, she said, “I guess I feel like it’s my responsibility to clean up messes.”
Women who want successful careers can, and should, take a look at their own behavior in the workplace to make sure that they aren’t holding themselves back.
Here’s Why Bitcoin Won’t Replace Gold So Easily
What a week it was.
First and foremost, I’d like to acknowledge the horrific mass shooting that occurred in Las Vegas, the deadliest in modern American history. On behalf of everyone at U.S. Global Investors, I extend my sincerest and most heartfelt condolences to the victims and their families.
The memory of the shooting was still fresh in people’s minds during last Tuesday’s Hollywood premiere of Blade Runner 2049, which nixed the usual red carpet and other glitz in light of the tragedy. Before the film, producers shared poignant words, saying that in times such as these, the arts are crucial now more than ever.
I had the distinct privilege to attend the premiere. My good friend Frank Giustra, whose production company Thunderbird Entertainment owns a stake in the Blade Runner franchise, was kind enough to invite me along. Despite the somber mood—a pivotal scene in the film even takes place in an irradiated Las Vegas—I thought Blade Runner 2049 was spectacular. Even if you’re not a fan of the original 1982 film, it’s still worth experiencing in theaters. Hans Zimmer and Benjamin Wallfisch’s synth-heavy score is especially haunting.
CNET recently published an interesting piece examining the accuracy of future tech as depicted in the original Blade Runner, from androids to flying cars to off-world travel read the article here.
Still in the Early Innings of Cryptocurrencies
Speaking of the future, I spoke on the topic of the blockchain last week at the Subscriber Investment Summit in Vancouver. My presentation focused on the future of mining—not just of gold and precious metals but also cryptocurrencies.
Believe it or not, there are upwards of 2,100 digital currencies being traded in the world right now, with a combined market cap of nearly $150 billion, according to Coinranking.com.
Obviously not all of these cryptos will survive. We’re still in the early innings. Last month I compared this exciting new digital world to the earliest days of the dotcom era, and just as there were winners and losers then, so too will there be winners and losers today. Although bitcoin and Ethereum appear to be the frontrunners right now, recall that only 20 years ago AOL and Yahoo! were poised to dominate the internet. How times have changed!
It will be interesting to see which coins emerge as the “Amazon” and “Google” of cryptocurrencies.
For now, Ethereum has some huge backers. The Enterprise Ethereum Alliance (EEA), according to its website, seeks to “learn from and build upon the only smart contract supporting blockchain currently running in real-world production—Ethereum.” The EEA includes several big-name financial and tech firms such as Credit Suisse, Intel, Microsoft and JPMorgan Chase, whose own CEO, Jamie Dimon, knocked cryptos a couple of weeks ago.
To learn more about the blockchain and cryptocurrencies, watch this engaging two-minute video.
Will Bitcoin Replace Gold?
Lately I’ve been seeing more and more headlines asking whether cryptos are “killing” gold. Would the gold price be higher today if massive amounts of money weren’t flowing into bitcoin? Both assets, after all, are sometimes favored as safe havens. They’re decentralized and accepted all over the world, 24 hours a day. Transactions are anonymous. Supply is limited.
But I don’t think for a second that cryptocurrencies will ever replace gold, for a number of reasons. For one, cryptos are strictly forms of currency, whereas gold has many other time-tested applications, from jewelry to dentistry to electronics.
Unlike cryptos, gold doesn’t require electricity to trade. This makes it especially useful in situations such as hurricane-ravished Puerto Rico, where 95 percent of people are reportedly still without power. Right now the island’s economy is cash-only. If you have gold jewelry or coins, they can be converted into cash—all without electricity or WiFi.
Finally, gold remains one of the most liquid assets, traded daily in well-established exchanges all around the globe. Every day, some £13.8 billion, or $18 billion, worth of physical gold are traded in London alone, according to the London Bullion Market Association (LBMA). The cryptocurrency market, although expanding rapidly, is not quite there yet.
I will admit, though, that bitcoin is energizing some investors, especially millennials, in ways that gold might have a hard time doing. The proof is all over the internet. You can find a number of TED Talks on bitcoin, cryptocurrencies and the blockchain, but to my knowledge, none is available on gold investing. YouTube is likewise bursting at the seams with videos on cryptos.
Bitcoin is up 350 percent for the year, Ethereum an unbelievable 3,600 percent. Gold, meanwhile, is up around 10 percent. Producers, as measured by the NYSE Arca Gold Miners Index, have gained 11.5 percent in 2017, 23 percent since its 52-week low in December 2016.
Look Past the Negativity to Find the Good News
The news is filled with negative headlines, and sometimes it’s challenging to stay positive. Take Friday’s jobs report. It showed that the U.S. lost 33,000 jobs in September, the first month in seven years that this happened. A weak report was expected because of Hurricane Irma, but no one could have guessed the losses would be this deep.
The jobs report wasn’t all bad news, however. For one, the decline is very likely temporary. Beyond that, a record 4.88 million Americans who were previously sitting out of the labor force found work last month. This helped the unemployment rate fall to 4.2 percent, a 16-year low.
There’s more that supports a stronger U.S. economy. As I shared with you last week, the Manufacturing ISM Purchasing Managers’ Index (PMI) rose to a 13-year high in September, indicating rapid expansion in the manufacturing industry. Factory orders were up during the month. Auto sales were up. Oil has stayed in the relatively low $50-a-barrel range, which is good for transportation and industrials, especially airlines. Small-cap stocks, as measured by the Russell 2000 Index, continue to climb above their 50-day and 200-day moving averages as excitement over tax reform intensifies.
These are among the reasons why I remain bullish.
One final note: Speaking on tax reform, Warren Buffett told CNBC last week that he’s waiting to sell assets until he knows the plan will go through. “I would feel kind of silly if I realized $1 billion worth of gains and paid $350 million in tax on it if I just waited a few months and would have paid $250 million,” he said.
It’s a fair comment, and I imagine other like-minded, forward-thinking investors, buyers and sellers will also wait to make huge transactions if they can help it. Tax reform isn’t a done deal, but I think it has a much better chance of being signed into law than a health care overhaul.
- 1 of 1884