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the cost of tardiness

The cost of tardiness in business or the workplace

More often in our overscheduled, overcommitted, and super hyper society, we get to observe tardiness as a constant behavior –however, people do not realize the individual and collective negative consequences of being late.

the cost of tardiness

Do you happen to know someone who always writes “on my way” and is already ten minutes late? Or worse off, always forgets to meet deadlines? I often wonder when does arriving late to meetings, starting events past the appointed time, or simply be untimely, became fashionable? More important – who “made up” that it is acceptable?

When we are late, we show our worst professional skills, lack of emotional intelligence, create bad impressions and horrendous reputations. Tardiness shows that we are disorganized, lack respect of our and others’ time, and poor meticulousness.

A few days ago, I had a meeting with an entrepreneur I am advising. After ten minutes past the scheduled time, she called me to advise she would not be on time. I reminded her that we had scheduled forty-five minutes, as I had a prospective commitment. She tried humoring me, explaining that the reason was that “she had too many goals and very limited time”. She also advised me to be late to my next commitment with my best smile. It is pointless to say, I was completely offended and flabbergasted. Does she realize her wrong doing and the effect her behavior will have in the efficiency, effectiveness and consistency of her business?

As I had lost all my words and became mute, my only come back was to remind her that a major component of rapid growth in business is attributed to carefully cultivating partnerships and collaborations. And, that the best way to assure them was by prioritizing on eradicating all the noise that kept her off track and create dream results from her meetings – by having detailed framework questions, effective time-management and no distractions (including phones and social media).

the cost of tardiness

It is essential to keep in mind that being recognized as untimely and unreliable is negative – and it has a severe personal and professional cost. Tardiness is still a terrible shortcoming. My simple and practical techniques to promote punctuality follow:

  1. Arrive 15 to 30 minutes before the engagement. Others will begin to catch and even copy the positive behavior. You will become the “Master of Punctuality” and believe me, that is a great thing.
  2. If you have a meeting, and the guest arrives late – only provide the person the time remaining in the scheduled time. This will make others eradicate the habit of being late.
  3. Do not change your agenda for the “unpunctual”. If your first commitment is late, ensure to adjust and continue your day as planned. Under no circumstances let you look bad because of the actions of others.
  4. Organize days ahead. If you must submit a presentation in seven days, strategize and make an analysis of how many hours it will take you. Set a goal to have it ready one day ahead of the deadline – scheduling working two or three hours before the set date can do the trick. You never know which situation could arise the day of your deadline.
  5. Prepare for the following day – The night before, have everything you need at the door, on your bag or in the car. Go through the following day in detail and reach out to all the necessary things. This will assure that there are no delays the next morning, right before getting out the door.
  6. Separate time between commitments for calls, emergencies, traffic, lack of parking – these are events which, on average, take 20 percent of our days.

Remember that time is one of the most important human capitals we have – and is worth a lot, although it is in danger of extinction. The key is to get organized, and remember the negative effect tardiness has on our reputation and future opportunities.

 

 

 

business accelerator Access Latina

Access Latina announces business accelerator for Latina entrepreneurs in STEAM

Access Latina, a business accelerator for Latina-owned firms headquartered in Florida, New York, Massachusetts, Texas, Washington, D.C., and Puerto Rico, launched its second cohort to compete for a chance at more than $100K in capital and resources for Latinas to grow their businesses.

business accelerator Access Latina

Access Latina official launch in New York City

Access Latina announced the details for its second round of applications at the Golden Seeds Headquarters in New York City, along with cross collaboration initiatives with the Stanford Latino Entrepreneur Leaders Program to continue to grow the database of U.S. Latino-owned companies, Meredith Corporation’s Siempre Mujer Magazine as a part of their ‘Projects That Can Change the World’ initiative, and Lili Gil Valletta, creator of Dreamers Ventures and HSN partner to Project American Dreams to select up to three semifinalists to access the fast-track program and be among the twenty semifinalists of HSN’s Project American Dreams.

CNNMoney writer and editor, Octavio Blanco, conducted a question and answer session with the 2016 finalists and one of the winners, New York-based Francesca Kennedy, owner and founder of IX Style and TEDx resident.

“We are focused on finding ways to fill the gaps Latina business owners face, such as limited access to capital and mentorship. We strive to propel high-growth Latina entrepreneurs and create a network of successful trailblazers. As we’ve seen with our 2016 alumni and their remarkable achievements, latina women represent key engines of economic growth,” says Lucienne Gigante, co-founder of Access Latina, adding that according to the most recent State of Women-Owned Businesses Report by American Express, Latina-owned businesses created over 550,400 jobs and contributed over $97 billion in revenues to the U.S. economy in 2015.

Some of last year’s finalists went on to compete at Project Runway: Fashion Startup a Lifetime Reality TV show, were profiled by Forbes and TIME, and got a chance to launch a line with renowned business woman and designer, Rebecca Minkoff. The finalists in year one together generated over $1.2 million in revenue.

business accelerator

(L to R) Lucienne Gigante, Octavio Munoz, CNN Money, Marta Michelle Colon

To participate, the Latina entrepreneurs need to own at least 20% of an early-stage company in the industries of STEAM, social innovation and agriculture. Up to ten finalists and up to five winners are selected by independent judges and will receive:

  • A three-day acceleration module “Growth Spark” with global leaders
  • The opportunity to present their business to Golden Seeds.
  • Access to seed capital in the form of a grant, crowdfunding rounds with Kiva Zip, and/or direct traditional and non-traditional investment.
  • Connection to a network of advisors, sponsors, and mentors.
  • The opportunity to collaborate with other business owners going through the same journey.
  • The opportunity to win a $25k grant

“Research continues to validate that Latinas are an under-tapped force and make successful entrepreneurs. They are achieving innovative endeavors, while actively fueling the economy. This is the reason and passion behind Access Latina, to drive Latina entrepreneurs’ economic potential by opening new channels to capital, resources, and knowledge. Empowering Latina entrepreneurs is good for the economy and has a positive impact in our society,” says Marta Michelle Colon, Co-Founder of Access Latina.

For more information about Access Latina or to apply to the business acceleration platform please visit www.accesslatina.org. To join the conversation online please use #AccessLatina2017 and follow us @AccessLatina.

Join the conversation: #AccessLatina2017        @AccessLatina