College cost is ever-increasing, and it is estimated that four-year tuition and fees are increasing by 5% every year. While parents understand the value of their children’s education, the number of families that can afford the increasing cost of a college education has declined.

Apart from the tuition fee, the cost of college living, including food, books, and supplies, is also getting more expensive.  The fact that the state support for students has substantially declined does make the situation any better. These are among the main aspects that highlight the importance of scholarship.

To increase awareness of the benefits of scholarships, high school teachers often require students to write academic essays revolving around college programs, such as the best degree course to take and the type of programs to apply. To understand the concepts that sensitize students on what to expect when planning to join college look at these essay examples by Samplius. Some of these free samples also expand on the impact of the scholarship on students.

Why You Should Get a Scholarship

They Provide Financial Aid

With the rising cost of tuition fees and college cost of living, scholarship funds can be used to cover these costs.

Can Help You Get into Your Preferential University

Winning such a grant is a great step to increasing your chances of getting admission to your preferential university. Colleges are always looking for students with recognized accomplishments, and a merit scholarship confirms you are worth the admission.

Increases Your Chances of Studying Abroad

If your dream is to study abroad, then securing a grant is one of the best. Some programs cover all your expenses, which will help you settle easily.

Scholarships Make Your Resume Stand Out

Apart from the financial benefit, another importance of scholarships is an exceptional personal benefit.  A grant makes your resume stand out, which could boost your chances of landing your dream job.

Is Getting a Scholarship Hard?

Some are easy to get, while others are quite hard. Many universities, mainly private institutions, have programs where every applicant is considered. However, you are required to meet the set criteria to attain the opportunities. For example, you might be required to achieve a 3.5 GPA or higher in high school.  These are some of the ‘easy’ to get.

On the other hand, grants offered by other organizations or websites are quite ‘hard’ to get since only a few of the hundred applicants can qualify.

How to Get Scholarships

There are various ways you can secure a scholarship, but we will discuss three main strategies that will increase your chances of landing the best.

Step 1: An Abundance Mindset- Apply

Hoping to get a college scholarship will not help. You need to be hungry for the opportunity and apply to as many as possible. This will increase your chances of landing several from which you can choose the most beneficial.

Step 2: Identify Those That Most People Don’t Apply

Mostly target grants that pay thousands and those that few people apply. Some of the resources you can use to filter these opportunities include; scholarship search sites, career centers, library, and from friends and family.

Step 3: Apply for Those Identified in Step 2

After identifying the available scholarship opportunities, identify those worth applying. However, we recommend applying for ALL of them. This might be a daunting task, but this will give a wide range of options to select from when most of the applications go through.

Final Word

College scholarships are essential since they help relieve some education costs and also boost your chances of enrolling in your dream university. However, securing these grants can be such a pain, and this is the reason why we have highlighted three main strategies to help you secure a scholarship.

A business’s success is closely related to how often it brings innovation to the industry. However, most companies are less enthusiastic about managing their ideas than coming up with one. For that, an idea software or idea management software is a fantastic tool. It will bring structure to the entire process and assist in the growth of a company.

What Is Idea Management Software?

Idea management is a structured process of collecting, organizing, developing, and implementing ideas. An idea software or idea management software makes this process more streamlined.

Having an idea management software would help in:

• Gathering ideas more efficiently.
• Understanding and defining idea development and its requirements.
• Developing an idea into a fail-proof concept.
• Implementation of ideas into compelling products with high ROI.

Why Is It Important?

Better Communication

With an idea management software, employees can pitch in their ideas and gain the needed attention without much struggle. As idea management brings in the required structure, notifying the key decision-makers on what needs to be done is far easier than with the traditional methods.

Offer Better Feedback

With idea management, offering feedback is smooth as each employee will understand their importance in the system. This would further help in rectifying the issues and promote better engagement of employees.

Identify Weak Links

An idea management software makes it easier for identifying the stages in which projects get stuck. Such realizations will help in notifying the stakeholders for more attention and effectively allocating resources.

Better Resource Management

An organization’s resources will have several tasks at hand. Knowing who is doing what and when each resource would be available is a troublesome process. With idea management, task assignment becomes more organized.

Reduce Failure Rate

Most ideas will fail. But with a systematic approach, the rate of failure can be hacked. As idea management involves organizing ideas and channeling resources to only the promising ones, there will be a significant reduction in the rate of failures.

Stand Apart

Businesses succeed or fail, even before you know it. With the industry being increasingly competitive, innovation is the only way a company can stand apart from the rest.

What Are The Benefits Of An Idea Management Software?

Surprisingly, an idea management software brings benefits for an entire organization, irrespective of seniority or department. Here are some of the critical advantages of having an idea management software.

1. The pace of ideation and its evaluation will increase.
2. Employees can effectively convey their ideas and ensure it don’t get lost in the pool.
3. Employee engagement rates will significantly improve as ideation becomes a shared responsibility.
4. Developing new products will increase revenue streams.
5. Internal communication and collaboration will improve.
6. Understanding customers and their needs will give a competitive advantage.
7. Will help in improving existing processes and reduce resource wastage.

The Idea Management Process

Here are the steps to make your idea management process a productive one.

Set Goals

Once you decide to start an idea management process, take the time to assess your goals and objectives for this mission.

What benefits or outcomes do you expect from this process? Is there a time frame within which you are expecting some specific results?

The best thing to do – discuss it with your colleagues. Let them know the process in its entirety. This will make the process more efficient.

Discuss Strategies For Ideation

Ideas can come anywhere, anytime. What matters is how adept you are to capture them. While ideation isn’t restricted to a particular level of employees, the key decision-makers must invest more time to listen and implement them.

Facilitate An Environment For Ideation

This is one of the essential elements of a successful ideation process. An organization must make ideation a habit and strive to provide the environment for the same. Along with conducting events for “idea hacks,” the organization must allow any employee to chip in their ideas.

Encourage Collaborative Efforts

An idea might sprout in a solo effort, but developing and implementing it takes a team. An idea management software would facilitate a structured space for brainstorming and organizing ideas. This would further help in understanding the value of each concept and assess whether it is worth the time and effort.

Assess The Ideas

This step quantifies your efforts in brainstorming and discussing ideas. The types of ideas you have gathered may or may not align well with your organization’s goals. Assessing the ideas and determining its profitability will help the organization to decide on channeling their resources.

Implement

Once the organization finds ideas capable of bringing high ROI, it is time to put these ideas into action. By allocating resources accordingly and reviewing progress, the idea will soon take shape into a compelling product.

Recognize Efforts

The ideation process doesn’t end with the end product. Instead, the efforts have to be recognized and celebrated. This would energize the employees and compel them to contribute more.

Review

As you can see, the entire process of ideation is a reflection of a company’s progress in work culture. Each iteration of such processes will bring about several internal aspects that need further tweaking.

Was the process as productive as you expected it to be?

Are there any specific revelations that you came across during the process?

Did the process add value to the company’s progress?

Discuss these with your peers, and make sure you record their feedback as well. After all, idea management is all about how effectively you can utilize ideas for success and minimize chances of failures.

Boost Your Progress

As you can see, most companies fail to notice ideas. Little do they realize that it has the potential even to cause a disruptive innovation within the organization.

It is important to remember that idea management is not just a process – it is a cultural change in an organization for continued growth. However, it takes time and effort to standardize and make it open to the entire workforce. With an idea management software, this part is made easier.

The decree created a 10 trillion soms Emergency Fund and outlined a range of measures for social support, healthcare, income and labour protection.

The immediate priority for the Fund is to support the efforts to contain the spread of the virus, ensure a continuous supply of medications, personal protection and diagnostic equipment as well as make funding available for quarantine-related costs. 

As a result of this decree, the hardest-hit sectors of the economy are eligible for tax breaks, government loans and debt relief arrangements.

Patokh Chodiev: Assistance Strategy in Terms of Coronavirus Pandemic

Considering the disruption to the international trade there are no penalties for delayed import-export duties. For carriers, the list of goods that can use “Green Channel” clearance has been expanded.

200bn soms are allocated for the Social Development Fund to help with employment and for creation of a new infrastructure in Mahallas. Business Support Fund received 500bn soms to encourage new jobs creation.

The Committee for State Reserves Management monitors market prices and supplies goods from reserves where necessary. 

A special emphasis is paid to social protection – expansion of unemployment and other social benefits to a wider sector of the population. 

Aid Programme of International Chodiev Foundation

The International Chodiev Foundation took an active role in the implementation of the Government programme by announcing additional social benefits for those who are most affected by the pandemic. 

The first phase of Foundation support is implemented in cooperation with the Ministry of Justice and provides food and hygiene supplies to senior citizens and low-income families. This is a countrywide programme. The kits also contain guidelines and other helpful information in Uzbek about social distancing rules and the importance of personal hygiene during the pandemic.  

This is not the first charitable initiative by ICF in Uzbekistan. In September 2019, the International Chodiev Foundation announced a programme to improve the living standards and stimulate construction. More than 40bn soms was directed towards the activities as part of the “Obod Kishlok” (Improved rural living) programme as well as new Xovos City development in Khavast district. In 2018 ICF provided support to a number of institutions for children with disabilities: Specialised Boarding School N32 in Jizzakh, Boarding School N19 for children with developmental disabilities in Chirakhchi and Muruvvat facility in Kashkadarya Region. 

History of International Chodiev Foundation 

The International Chodiev Foundation was established in 1996 by the successful businessman and keen philanthropist Dr Patokh Chodiev. Today the Foundation is a global centre for development and advancement of science, arts, education and innovation in Eurasia. Its representative office in Uzbekistan was established in 2017.

In order to ensure the timely implementation of these measures, the Government has set up an anti-crisis committee chaired by the Prime Minister of Uzbekistan. During the two-month period starting from 22 March, the Committee is focusing on limiting the spread of the virus, ensuring safe working conditions in the manufacturing, services and retail industries as well as transportation and logistics.

Source: spektr.news

SMART plans call for new traders to create goals that are: Specific, Measurable, Attractive, Realistic, and can be set to a specific Timetable. If your goal is to make a living as a day trader in the coming months and years, there are some essential steps to take as you learn how to start day trading.

All new traders have to be disciplined and must have a process. In addition to having a SMART plan in place, new traders should draw up a formal day trading plan. While trading, traders need to have a simple checklist in front of them and should only scan the stocks on their watch list. To eliminate as many variables as possible, traders should keep their stock universe small and have a share-sizing chart. Process wise traders need to keep a trading journal, meet regularly with their trading coach, and pay attention to the rules of achievement chart that brokers use to track progress.

New traders should measure progress not by their profits and losses, but by how well they followed the rules. To make it easier to follow the rules and not give into the temptation for larger profits, guidelines teaches its traders to start small. These small trades make it easier for traders to diligently follow their day trading plan. When trading, it’s best to keep a trading log and mark up the day’s charts. All traders should study their logs and charts, keeping track of what they did right or wrong and looking for areas to improve. New traders should identify one area where they excel and work that into their day trading plan.

Through taking these measures to have a process and a day trading plan, Wall Street Traders can avoid many of the pitfalls that hurt new traders. These “trading demons” play into natural tendencies to be greedy and let emotion influence decisions. Some “trading demons” to look out for include:

• Trading counter trend, or without consideration for what’s trending.
• Trading without pattern or set-up. New traders need to be disciplined and stick to what the charts are telling them.
• Taking late entries or chasing triggers. When learning how to start day trading, it’s incredibly important to take the emotion out of trading.
• Trading without a stop or without keeping stops. Stops limit losses and lock in profits.
• Not having targets or not taking profits while they are there. Don’t be greedy, stick to the process.
• Overtrading or revenge trading.
• Averaging down on a losing stock. Just let it go!
• Turn losing trades into higher time frame holds. Stick to the day trading plan!

For more information on how to create an effective day trading plan and learn more about CFD trading, please visit ETFinance.eu