Impact Impression Blog

The way we pay is changing dramatically. People are beginning to use their smartphones for every kind of formal and informal transaction — to shop at stores ( www.chip.ng ), buy songs online, and even split their rent... Nearly half of consumers prefer using digital apps to make payments. Roughly 47% of consumers stated that they preferred digital means for performing transactions, while cash came in slightly lower, at 45%. This difference will likely become more profound as consumers increasingly move away from using cash. In fact, half of survey respondents reported that they carry cash less than half of the time, and when they do, they often don't use it — 46% of consumers reported using cash fewer than eight days a month.  And these habits don't vary much by demographic segment. Although millennials are embracing the use of digital payments more than any other age group — 49% of millennials prefer digital payments to cash — they aren't the only ones; 44% of G...

The world has become digitally reformed that almost anything is possible. These days, most of the work has been done for you by, of course, technology and many geniuses in the world who keep discovering cool stuff – around the clock. Now, the only prerequisite is a thinking brain. Fortunately, everyone has a brain; but unfortunately, not all brains think. Not that they lack the capacity to think, they are just simply lazy. With the world becoming a global village, the barrier of country borders is now a thing in the past. Your customers can be anywhere and everywhere. All you have to do is use leverages. There are basically 3 ways to leverage on other people’s tools to make money.  They are: 1.        Using Other People’s Platform (OPP) : You may have good products and what you think everyone needs, but if you don’t have the right platforms to advertise and project your goods and services, it will be difficult to make the right turnover. Y...

Most people do their best work when they know their manager trusts them. If they worry that you think they’re lazy, incapable of directing their behavior, or lack integrity, they’re unlikely to take feedback or coaching from you. So go out of your way to gain your employees’ trust by demonstrating positive assumptions about them. Give challenging assignments, with the clear and confident belief that your expectations will be met. And don’t hide information, or assume people will mishandle it. Instead, promote transparency. Try adding a “through the grapevine” agenda item to meetings as a fun, informal way for people to share company information they’ve heard, so you can either confirm or debunk the rumor. When managers demonstrate positive assumptions, employees respond in kind. [HBR]

The way we do our payment is changing dramatically. For example, people are beginning to use their smartphones for every kind of formal and informal transaction - to shop at stores, buy songs and movies online, and even do their banking. At the heart of these changes in how we do our transactions are lots of companies competing and collaborating to facilitate transactions. Although a great percentage of people use digital forms of payment, very few fully understand that it is an extremely complex industry. Payments is transferring information from one party to another, and nearly every stakeholder in the industry benefits when that process runs on digital rails. This is the era that we are in. Do you see any business opportunity? If everything is moving towards online, there must be something you can do (service or business) to be part of this moving train. Think.