An overwhelming number of Americans who’ve considered launching their own business shied away from doing so. With a crazy lot of opportunities out there, most of them stopped chasing their business idea due to a large number of reasons – lack of capital, blamed inertia, fear of bankruptcy, or even their age.
Let’s be honest – entrepreneurship isn’t easy. It takes an incredible amount of time, effort and drive. With that said, there’s never a better time to start your business than now. Not next week, not next month – but now. Here’s why you should.
You can take the risk.
If you never try, you’ll never know. There’s going to be a time when you’ll eventually get to “If only..” and that might throw a lot of regrets your way. With every risk you take, you’re constantly learning and you can always, always recover from them over time.
Of course, you have the money!
Let’s face it – there’s never going to be ample or enough capital. Entrepreneurs are always going to need more. The trick is to do more with less – think: less time, less overhead costs, less staff. Despite the crazy cost-cutting ideas you have, if the money still doesn’t meet the mark – change your business plan.
You can create anything – even beam heat to space. The ability to create anything you want shouldn’t be lost while running it across a string of approvers or bureaucratic hurdles. Got a big idea jotted down? Figure out a way to make it work. Network, research, chalk out a solid business plan, splurge your creative skills, let people know what you’re doing, but make it happen.
Acquiring customers has not been easier.
With super useful marketing tools, social media and analytics, the farthest you need to get to are a few clicks.
It’s possible (and cost-efficient) if you plan it right.
With some of the best software at hand, nearly everything can be set up quickly and sometimes free. Crawl the internet for credible sources to help you out when you’re stuck. You can seek advice from specialized company formation agents who can help you out with legal and other bureaucratic hassles, so you focus on driving your business.
It’s super easy!
Many who look to take the plunge just stall simply because everything seems overwhelming or difficult. Here’s what’s surprising: it’s not. What’s more, this Inc piece tells you how you can set up your business in two or three hours.
What’s holding you from realizing your business goals?
CHART: Has WeWork Peaked?
After being the darling of tech, it looks like WeWork’s news coverage is taking a less friendly turn.
Up until circa mid-2018, co-working giant WeWork—the most hyped startup in the world—enjoyed a constant stream of positive news about everything they did.
The positive coverage peaked in July 2018 following the release of its first financial report, which showed $342M in revenue from the quarter prior.
Since then, WeWork’s been losing brownie points with the media. After expecting a $20B commitment in January, SoftBank came out and said they’d “only” invest $2B into WeWork, which triggered rumors about trouble ahead.
Check out our friends CB Insights’ proprietary analysis of WeWork news sentiment.
4 Benifits Of Disconecting Your “Always On” Culture
(Editor’s Note: The following article is a guest post by superstar entrepreneur and tech investor Jonathan Schultz.)
Technology is always in the palm of our hands – literally because it seems like every single person always has their phone in their hand or within feet of them. I can’t tell you how many people I’ve bumped into walking down the street with their heads in their phone … what a shame.
This has caused us to shift to an “always-on” work culture because we have immediate access to work emails via our cell phones along with files and everything else stored in the Cloud. It’s become an addiction, which has made us more productive —but has also created gigantic stress that needs to be re-looked at.
With this constant work mode, the lines are blurred between working hours and personal time. Is this a bad thing? Should we disconnect from this “always-on” work culture? I say … yes! If you can’t rejuvenate and shut down, it will always end badly. One of the positive impacts of AI and machine learning is that it can serve this role for us. A time saver, if you will, so we don’t have to lose our sanity.
DISCONNECTING HELPS REDUCE STRESS
A study by Kansas State University found that disconnecting from work is vital for the brain to function properly. Team members feel they always need to be available in order to show they are dedicated to their jobs, but this leads to high levels of both psychological and emotional stress. Work ends up draining your team’s energy and will easily burn out and become fatigued. It is so stressful to continue working around the clock with no true break.
DISCONNECTING IMPROVES RELATIONSHIPS
While checking your email outside of work may not seem like a huge deal, it does add up and takes away time with your friends and family. You’re never present when you’re being present to your devices. You don’t have the mental capacity to invest in important relationships and you also don’t have the time if you are constantly attached to your phone or computer. When you get home, put your phone down and focus on what is in front of you.
YOU WILL BE BETTER AT YOUR JOB
You are probably wondering how you could possibly be better at your job if you aren’t constantly tuned in, but it has been proven that constant multitasking decreases the quality of work. When your brain is always at work, it eventually takes a toll on your motivation. When you have the degree of separation, you can really focus on work at work and then focus on your personal life at home. Think about how much longer it takes you to accomplish a task when you feel burnt out and like you have never had a break from it.
DISCONNECTING CREATES BALANCE
Regularly disconnecting from work can reduce stress, increase the quality of your work, improve relationships and maintain a healthy emotional state. It is difficult, but it is also possible, to set aside time without your phone or laptop. You may need to set a cutoff time at night, for a specific day or just a few hours in the early morning. You need to make sure you have time for yourself.
We know there’s a problem when there are apps to help you stop spending so much time with your phone (apps)!
The answer is, yes, we do need to disconnect from our “always-on” work culture. Separate work from home and your life will improve in both aspects.
Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here.
Lyft Loses Over $2B In Its 2nd Day Of Trading
After debuting with a splash, Lyft shares have lost over $2 billion of market value in its second day of trading.
The stock ended at $69.01, 22% below its Friday high of $88.60.
The news came on the heels of an insanely hot IPO, one that saw Lyft shares oversubscribe (i.e. “sell out”) while jumping to a $26.5B valuation. But as of press time, Lyft’s valuation has shrunk to $22.25B.
“Falling below its IPO price is a gut punch for investors and Lyft,” Wedbush managing director Dan Ives told CNBC, who then proceeded to say little else. “This is a pivotal few weeks of trading ahead to gauge Street demand for the name as valuation and profitability continue to be the wild cards for tech investors.”
The ride-hailing company had a historical first day on the stock market with a market cap of $22 billion.
But today the road is rough for Lyft and investors with a valuation of $19.8 billion.
Despite the early volatility, experts are still picking Lyft.
And let’s be honest. Tech IPOs take time to settle in. Just ask Facebook.