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Does ‘Networking’ Make You Sweat?

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Opportunities are all around you—the caveat is they’re attached to people. Therefore, (stay with me) the people you spend time with determines the opportunities you’re made aware of.

Building the right relationships—networking—is critical for your job hunts (You’ll be conducting a few throughout your career.) and your career trajectory. It’s not an overstatement to say, “relationships are everything.”

Those who take their career seriously are in constant networking mode. Networkers land the plumb jobs that aren’t advertised, they tap into where most job openings exist, the hidden job market. People who don’t network as part of their job search and career management activities either refuse to understand the value of networking or aren’t as serious about their job search/career as they claim they are.

You can either be networking (creating and maintaining relationships), or you can be an outsider looking in; it’s entirely up to you. Ask yourself: Who’s more likely to be hired, a stranger the hiring manager doesn’t know, someone they’re familiar with, or a referral?

I don’t think in terms of “I’m networking.” Instead, I prepared my ego by telling myself, “I’m just meeting people. Whatever happens, happens.” No expectations. No agenda. Because of this mental preparation, meeting new people has become second nature for me.

When I meet someone for the first time, I don’t think, “What can I get?” Instead, I ask myself, “How can I help this person?” This mind flip is a game-changer. Now I’m not nervous, breaking into a cold sweat. I’m looking at how I can help my new acquaintance, such as introducing them to someone they may benefit from meeting. Unlike most people, I view networking as offering help rather than trying to obtain help. This reverse approach eliminates “networking anxiety.”

Focusing on how you can help a person is my first tip for making meeting new people less intimidating. My second tip, especially for those wishing to become comfortable with networking, is to practice networking with the right crowd. This tip is a spin on what I tell all job seekers, Search for your tribe!

Being personable is much easier when you feel comfortable, so start where you feel most at ease. Identify groups and communities with members whom you share a common interest with. Commonalities build relationships. Therefore, it makes sense to begin your networking efforts where there’s already a commonality.

Have you ever been to a classic car show or a sporting event and found yourself conversing with a stranger about the 1970 Ford Mustang Mach 1 you both are admiring or the triple play that just occurred? Commonality created the conversation. Whether it’s a classic car show, baseball game, rock concert, an art gallery opening, or a packed restaurant, you, along with everyone in attendance share a common interest.

Once you’re able to sustain a conversation beyond “That Stang’s a beauty!” and “What a great play!” you can start diversifying your networking opportunities, keeping in mind to focus on looking for commonalities.

“One should not focus on the differences between people but look for commonality and similarity.” – Theodore Levitt (German-American economist, 1925 – 2006)

Television host Larry King once said, “I never learned anything while I was talking.” How will you know what you can do for someone if you’re the one doing all the talking? You can’t. Ask questions and be genuinely curious. (e.g., How long have you been with your company? What’s the culture like? What trends do you see emerging in the next few years? How has the pandemic challenged your business?) Then ask more questions to gather more information. This is how you build relationships—leveraging the fact people love talking about themselves.

Showing interest is a massive gesture to anyone you meet.

There are endless opportunities to interact with people. A few months back, during an elevator ride, I learned my neighbor on my condo floor worked was the HR Director for a large publishing house. Good to know! Every time you talk to someone, you learn something new. Everyone you meet is someone you can help and someone who could be of assistance to you in some way, if not today, possibly down the road. As I mentioned earlier, meeting new people is easier when you look to give instead of taking.

I’m sure you’ve heard, “It’s not what you know; it’s who you know.” The second part of this statement is especially true. When it comes to opening doors, it’s often “who you know.”

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Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send Nick your questions at artoffindingwork@gmail.com.

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Federal $500M bailout for Muskrat Falls power delays to keep N.S. rate hikes in check

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HALIFAX – Ottawa is negotiating a $500-million bailout for Nova Scotia’s privately owned electric utility, saying the money will be used to prevent a big spike in electricity rates.

Federal Natural Resources Minister Jonathan Wilkinson made the announcement today in Halifax, saying Nova Scotia Power Inc. needs the money to cover higher costs resulting from the delayed delivery of electricity from the Muskrat Falls hydroelectric plant in Labrador.

Wilkinson says that without the money, the subsidiary of Emera Inc. would have had to increase rates by 19 per cent over “the short term.”

Nova Scotia Power CEO Peter Gregg says the deal, once approved by the province’s energy regulator, will keep rate increases limited “to be around the rate of inflation,” as costs are spread over a number of years.

The utility helped pay for construction of an underwater transmission link between Newfoundland and Nova Scotia, but the Muskrat Falls project has not been consistent in delivering electricity over the past five years.

Those delays forced Nova Scotia Power to spend more on generating its own electricity.

This report by The Canadian Press was first published Sept. 16, 2024.

The Canadian Press. All rights reserved.

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Roots sees room for expansion in activewear, reports $5.2M Q2 loss and sales drop

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TORONTO – Roots Corp. may have built its brand on all things comfy and cosy, but its CEO says activewear is now “really becoming a core part” of the brand.

The category, which at Roots spans leggings, tracksuits, sports bras and bike shorts, has seen such sustained double-digit growth that Meghan Roach plans to make it a key part of the business’ future.

“It’s an area … you will see us continue to expand upon,” she told analysts on a Friday call.

The Toronto-based retailer’s push into activewear has taken shape over many years and included several turns as the official designer and supplier of Team Canada’s Olympic uniform.

But consumers have had plenty of choice when it comes to workout gear and other apparel suited to their sporting needs. On top of the slew of athletic brands like Nike and Adidas, shoppers have also gravitated toward Lululemon Athletica Inc., Alo and Vuori, ramping up competition in the activewear category.

Roach feels Roots’ toehold in the category stems from the fit, feel and following its merchandise has cultivated.

“Our product really resonates with (shoppers) because you can wear it through multiple different use cases and occasions,” she said.

“We’ve been seeing customers come back again and again for some of these core products in our activewear collection.”

Her remarks came the same day as Roots revealed it lost $5.2 million in its latest quarter compared with a loss of $5.3 million in the same quarter last year.

The company said the second-quarter loss amounted to 13 cents per diluted share for the quarter ended Aug. 3, the same as a year earlier.

In presenting the results, Roach reminded analysts that the first half of the year is usually “seasonally small,” representing just 30 per cent of the company’s annual sales.

Sales for the second quarter totalled $47.7 million, down from $49.4 million in the same quarter last year.

The move lower came as direct-to-consumer sales amounted to $36.4 million, down from $37.1 million a year earlier, as comparable sales edged down 0.2 per cent.

The numbers reflect the fact that Roots continued to grapple with inventory challenges in the company’s Cooper fleece line that first cropped up in its previous quarter.

Roots recently began to use artificial intelligence to assist with daily inventory replenishments and said more tools helping with allocation will go live in the next quarter.

Beyond that time period, the company intends to keep exploring AI and renovate more of its stores.

It will also re-evaluate its design ranks.

Roots announced Friday that chief product officer Karuna Scheinfeld has stepped down.

Rather than fill the role, the company plans to hire senior level design talent with international experience in the outdoor and activewear sectors who will take on tasks previously done by the chief product officer.

This report by The Canadian Press was first published Sept. 13, 2024.

Companies in this story: (TSX:ROOT)

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Talks on today over HandyDART strike affecting vulnerable people in Metro Vancouver

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VANCOUVER – Mediated talks between the union representing HandyDART workers in Metro Vancouver and its employer, Transdev, are set to resume today as a strike that has stopped most services drags into a second week.

No timeline has been set for the length of the negotiations, but Joe McCann, president of the Amalgamated Transit Union Local 1724, says they are willing to stay there as long as it takes, even if talks drag on all night.

About 600 employees of the door-to-door transit service for people unable to navigate the conventional transit system have been on strike since last Tuesday, pausing service for all but essential medical trips.

Hundreds of drivers rallied outside TransLink’s head office earlier this week, calling for the transportation provider to intervene in the dispute with Transdev, which was contracted to oversee HandyDART service.

Transdev said earlier this week that it will provide a reply to the union’s latest proposal on Thursday.

A statement from the company said it “strongly believes” that their employees deserve fair wages, and that a fair contract “must balance the needs of their employees, clients and taxpayers.”

This report by The Canadian Press was first published Sept. 12, 2024.

The Canadian Press. All rights reserved.

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