The Importance of Showing Appreciation

It’s no surprise that there are lots of benefits to feeling appreciated. But the benefits of showing appreciation may be less obvious.

Often when we show our appreciation for others, we think of it as something we are doing for them. And, to an extent, that is true. We want them to feel valued and recognized; we want them to know that they are appreciated.

But showing appreciation for others can also have amazing benefits for you, too. Let’s take a look at some of the ways showing appreciation for others can be good for you.

Productive Employees

There is a sea of evidence proving that employees who feel appreciated are much more productive than those who don’t. While this certainly isn’t the main reason to show appreciation for your employees (like, for example, that they deserve it and it makes them feel good), it is a tangible business benefit to doing the right thing. Showing your employees how much you appreciate them is one of the easiest win-win situations in the book.

Loyal Customers

Customers know when they aren’t being appreciated. In fact, according to data from the U.S. Small Business Administration, 68% of customers end a business relationship because they don’t feel appreciated or cared about. That’s a lot more than the 14% who ditch a business because they don’t like the product. When you show appreciation to your customers, it humanizes you. It makes them realize that you know them and they matter. Showing appreciation for your customers builds loyalty, which not only leads to that single life-long customer, but makes them more likely to make a referral or recommendation.

Deeper Connections

Not all of the benefits of showing appreciation are specific to business, either. When you acknowledge someone’s value, you forge a connection with that person, regardless of their role in your life. This isn’t measured in dollars and cents, but that doesn’t mean it isn’t valuable. Showing appreciation is a way of acknowledging a person’s value, which is something the entire world could do with more of.

Feeling Happier

When you show appreciation or gratitude for someone, they feel happier. But so do you! In one study, people who wrote in gratitude journals reported higher levels of happiness, and even some health improvements compared with a control group.

How to Show Appreciation

We covered some tips on how to better show appreciation in our last post. But here are some specific things you can do to show someone they are valued:

Say Thank You

Seems obvious, right? But sometimes we still forget how important these two simple words really are. We might think it’s obvious that we appreciate someone’s help or support. But sometimes we forget the part about actually saying (or writing) thank you.

Show Additional Trust

This can come in a personal or professional context, and can be incredibly meaningful. If someone has proven themselves to be a trustworthy and supportive person in your life, consider entrusting them with additional responsibilities. In a business context, this might come in the form of a promotion. In personal relationships, it might be simply sharing your own vulnerabilities.

Give a Thoughtful Gift

Gifts are a time-honored way to show your appreciation, in both business and personal relationships. A gift shows that you are thinking about them, and that you want to go above and beyond a simple thank you. One tip, though, make sure to include a note as well (bonus points if it’s handwritten) expressing your specific appreciation. It makes the gift that much more impactful if the person knows what they are being acknowledged for. Sending gifts can be time-consuming, especially if you have trouble choosing the perfect gift. EvaBot can help you out there, complete with the handwritten note.

Bottom Line:

Showing appreciation benefits everyone. When you show gratitude and appreciation, it makes you happier and healthier. So, give yourself the gift of happiness and send someone a thoughtful gift today!

Source: evabot

[divider_top]

2018 SBA South Florida Small Business Awards

Congratulations to Orlando Espinosa, co-founder of Emineo Media! Orlando was recently announced as winner of the 2018 State of Florida Small Business Advocate of the Year by the U.S. Small Business Administration. Florida SBDC at FIU was proud to have nominated him for this well deserved honor.

Read about some of the other winners here:
SBA

MIAMI – U.S. Small Business South Florida District Office recently announced the winners of the SBA’s 2018 District and State of Florida Small Business Week Awards.
Rockledge, Florida-based SeaDek was named the SBA 2018 Small Business National Exporter of the Year. The company, nominated by the Small Business Development Center at the University of Central Florida, will be travel to Washington D.C to receive their award during the 2018 National Small Business Week Awards Ceremony.
“This is a celebratory announcement for the entire South Florida region,” said Lynn Douthett, interim district director for the South Florida District Office. “First and foremost, I would like to express my sincere gratitude to the entire SDBC at UCF team for their contributions towards SeaDek’s success. Rewarding this company on a national stage for their hard work and dedication will help to inspire other entrepreneurs considering expanding their business into the international trade marketplace.”
Exporter of the Year (National, Region IV, State of Florida and South Florida District)
Serenity Gardner, chief operating officer and Jason Gardner, vice president of marketing for SeaDek in Rockledge, Florida
Women’s Business Center of Excellence (Region IV, State of Florida and South Florida District)
weVENTURE at Florida Institute of Technology in Melbourne, Florida
Small Business Person of the Year (South Florida District)
Anais Badia, chief medical officer and owner of Florida Skin Center in Fort Myers, Florida
Minority-Owned Small Business Person of the Year (State of Florida and South Florida District)
Brian Butler, president and chief executive officer of Vistra Communications – an 8(a)-certified and Service-Disabled Veteran-Owned Small Business (SDVOSB) in Tampa, Florida
Community Partner of the Year (State of Florida and South Florida District)
The Miami Bayside Foundation in Miami, Fla.
Small Business Advocate of the Year (State of Florida and South Florida District)
Orlando Espinosa, co-founder of Emineo Media and 2016 SBA State of Florida Advocate of the Year, located in Miami, Florida
Young Entrepreneur Small Business Person of the Year (State of Florida and South Florida District)
Luisa Santos, founder of Lulu’s Nitrogen Ice Cream in Miami, Florida
Veteran-Owned Small Business Person of the Year (South Florida District)
Moises Montañez, owner of Alta Quality Builders and SBA Region IV Regulatory Fairness Board member, located in Miami, Florida
Woman-Owned Small Business Person of the Year (South Florida District)
Karen Viera, owner of The Med Writers and 2016 SBA Emerging Leaders graduate, located in West Palm Beach, Florida
Winners will be presented with their NSBW awards during various ceremonies throughout the District.
[divider_top]

6 Things Linda McMahon Plans to Do for Entrepreneurs and Small Businesses

Linda McMahon, the co-founder of World Wrestling Entertainment, plans to be an advocate for small-business owners, particularly the women among them, as head of the Small Business Administration.

That’s according to testimony from her confirmation hearing before the Senate Committee on Small Business on Tuesday, where she discussed her vision for leading an organization that is often considered a sleepy backwater among government agencies.

McMahon, the wife of professional wrestling promoter Vince McMahon, was poised and confident as she spoke about the risks small businesses take on a daily basis, referencing one of her own early ventures that ended in bankruptcy and losing the family home. She also spoke about what she is best known for: building WWE from a small company where she and her husband once worried that $12 a month was too much for a typewriter, into a $1.5 billion publicly traded company with 800 employees.

“Small business people are people with goals and values that can’t be calculated on a profit and loss statement,” McMahon said in her opening remarks. “I will do my best to advocate on their behalf.”

Here are six things that McMahon plans to do as administrator of the SBA.

1. Keep the SBA independent. McMahon would fight to keep the SBA an independent agency and not merge it with the Department of Commerce, an idea that was first floated by the Obama Administration in 2014.

2. Strengthen the SBA’s Office of Advocacy. McMahon said she would put more teeth into the agency’s advocacy efforts as it meets with politicians on Capitol Hill. More specifically, she would use the Office to tackle any new or existing regulations that prove too burdensome to small-business owners.

3. Faster disaster recovery. McMahon said she would beef up the SBA’s disaster recovery program, and speed up the response time for getting businesses funding after a crisis. Some conservative groups have recommended removing disaster recovery loans from the wheelhouse of the SBA entirely, as a way to trim the budget. Simultaneously, business owners and congressional representatives have often criticized the SBA for delays in getting loans to business owners after natural disasters like Hurricanes Katrina and Sandy. “Disasters don’t pick a time and we need to be prepared,” McMahon said. “We need to get the funds to [small businesses] so they can get back to functioning.”

4. Improve financial literacy. Today’s young entrepreneurs are great coming up with ideas for businesses, but too many lack a basic knowledge of finance, which is detrimental to their long-term prospects. As administrator, McMahon would help young entrepreneurs achieve a better understanding of financial matters important to their businesses.

5. Support for disadvantaged businesses. McMahon would increase federal contracting opportunities for women and other minority businesses. She’d also boost mentoring programs for women and minorities, via existing programs including SCORE.

6. More federal contracting opportunities for all small businesses. McMahon says she would streamline an often confusing and opaque process for small businesses applying for federal contracts, and she’d help small businesses to compete more effectively against larger businesses for prime contracting opportunities. (Small-business contract misallocation has been an ongoing problem within the federal government: in 2015, a total of 151 Fortune 500 companies landed government and small-business contracts, according to the American Small Business League.) Winning a prime contract makes a business the lead supplier. Small businesses are most typically subcontractors.

Source Fortune

[divider_top]