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3 Strategies to Succeed in a New Leadership Position

It can be very exciting to secure a promotion to a leadership or management position, especially if it has been something you have been working toward for a long time. Landing the promotion can be exciting and feel like a relief. And, once the celebrations and elation wear off, for some, the weight of the responsibility can start to sink in. In some cases, it may leave you feeling overwhelmed or uncertain of your exact next steps. If this type of leadership position is uncharted territory for you, these tips can help you navigate through the initial murkiness to help you create the right perspective to have in your new position.

[See: 8 Ways Millennials Can Build Leadership Skills.]

Check your ego at the door. You may be feeling on top of the world with your new position — for good reason. Now it’s time to move out of the role of proving yourself worthy and move towards focusing on how to grow into your new position. You may have been very successful as an employee; remember you are just starting out as a leader. You may have a ways to go to prove that you can be a successful leader. That will take time, and that’s OK. Be patient with yourself. Show humility, be gracious and accept suggestions from your fellow leaders. You will win the respect of your team and it will be easier for them to follow your lead.

Action tip: For the first month, focus on listening and understanding your new role. You will have plenty of time to present your ideas and implement new systems. Take the time first to learn what you can about your department and team. Listen to what they need and where they are with their roles (their goals and feelings). Take the time to understand their strengths, what motivates them, even what frustrates them so you understand how you can support them. Make sure to show them you are excited to work with them. Create a plan for next steps and for improvements. If you find changes that need to be made urgently, only pick one thing to work on for the first month.

[See: Famous CEOs and Executives Share Their Best Career Advice.]

Focus on learning. While it is important to focus on growing the business or producing results to prove your worth, don’t forget about learning. To secure long-term success, you will need to learn about your new business environment. This includes the politics, the culture and the strategy of the company you work for. Every business and every department is different, so find out what makes the wheels turn. Even if you have accepted a promotion within your organization, the politics and culture as a leader can be different than they were when you were a lower-level employee. The faster you learn these aspects of the business, the more comfortable you will feel.

Action tip: For the first six weeks, schedule time each week to learn about one new aspect of your department and your team members. This could be meeting with a more experienced leader, observing employees during a meeting to understand their style or asking fellow leaders for their top five pieces of advice.

Build relationships. No man or woman is an island. As a new leader, you will need allies who will support you and your vision for your department. You could have the best ideas in the world, but if you don’t have anyone to help you implement them, they are essentially worthless. It is important to spend time to get to know your fellow leaders and your employees, as well as gain their support for your ideas and vision.

[See: 10 Things They Don’t Tell You About Your First Job.]

Action tip: Schedule a special meeting with your team to introduce yourself. Keep your first meeting a bit more casual, as a time to get to know them. If a special meeting isn’t appropriate at your company, try the same idea at break time with your employees. To build rapport with your fellow leaders, invite them to lunch or coffee. Take time to get to know them and find out how you can support them, as well as how they can support you.

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3 Strategies to Succeed in a New Leadership Position originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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