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You are here: Home / Archives for Entrepreneur

Facebook’s Dead Users Will Outnumber the Living Sooner Than You Think

May 3, 2019 by Asif Nazeer Leave a Comment

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Every user who passes on joins the rapidly swelling ranks of Facebook’s army of the dead.


May
3, 2019

3 min read


This story originally appeared on PCMag

Death is coming for us all. But in the internet age, those who remain are faced with the very 21st-century problem of figuring out what to do with the data, social media accounts, and other digital remains of those who’ve passed on.

Facebook has been planning for this eventuality. The company rolled out a Legacy Contact feature several years back that lets you designate a loved one to take over your account when you die. And it recently announced a Tributes section on deceased users’ profiles, giving friends and family a place for a memorial.

Issues have arisen that the company never foresaw. Facebook is now using AI to stop users from getting painful notifications, such as birthday reminders or flashback posts from friends and family who are no longer with us. If a legacy contact designates an account with a memorial section, that’ll also stop the unwanted notifications.

These issues will only become more prevalent as the number of deceased users on the ubiquitous social network ultimately outnumbers the living ones. According to a new study from researchers at Oxford University, there will be more dead users on Facebook than alive ones by 2070.

The researchers presented two scenarios accounting for different potential rates of Facebook user growth from now until the year 2100. In Scenario A, which conservatively projects that Facebook will add zero additional users beyond this year, a minimum of 1.4 billion users will pass away before 2100. In Scenario B, which projects the social network continues to expand at its current rate of 13 percent per year (and reaching complete market penetration) that number of dead users would swell to almost 5 billion by 2100.

In Scenario A, there will be more dead users on Facebook than living ones in 50 years. That scenario is highly unlikely, the researchers said, unless Facebook sees “some cataclysmic events far more ruinous than the Cambridge Analytica scandal” that would cause its user growth to flatline completely.

More likely, if growth rates continue at a consistent clip, the dead will outnumber the living sometime early in the next century.

In either scenario, the researchers found that there will be far more dead users from more populous continents such as Asia and Africa, with North America far behind. The social network has long since reached its peak in U.S. users, and most of its growth in recent years (and likely going forward) is international.

Or as some Twitter users have joked, every Facebook user who passes on then joins the rapidly swelling ranks of Facebook’s army of the dead.

ok ryan pic.twitter.com/Pey6lxV0NM

— darth™ (@darth) April 29, 2019



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9 Mind-Blowing Facts That Show Just How Wealthy Jeff Bezos, the World’s Richest Man, Really Is

May 2, 2019 by Asif Nazeer Leave a Comment

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The Amazon CEO is worth an estimated $121 billion.


May
2, 2019

3 min read


This story originally appeared on Business Insider

Jeff Bezos is the richest person on the planet. Worth an estimated $121 billion, the Amazon CEO is $16 billion richer than the world’s next-richest person, Bill Gates.

Bezos even retained his ranking as the world’s richest person following his divorce from MacKenzie Bezos, after which she kept a 4% stake in Amazon worth roughly $35.7 billion, making her the third-richest woman in the world.

Although his annual salary is only $81,840, most of Bezos’ wealth comes from his Amazon shares. The world’s richest man makes $2,489 per second — more than twice what the median U.S. worker makes in one week, according to calculations by Business Insider.

Here are nine mind-blowing facts that show just how wealthy Bezos really is.

1. Bezos is worth $121 billion despite being paid an annual salary of just $81,840, less than what most U.S. representatives take home.

1. Bezos is worth $121 billion despite being paid an annual salary of just $81,840, less than what most U.S. representatives take home.

Image credit:

Phillip Faraone / Stringer / Getty Images

Of course, a large portion of Bezos’ wealth is tied to Amazon stock, not his salary.

Business Insider previously calculated how much Bezos actually makes in a year, based on the change in his net worth year-over-year, and found it to be closer to $8.9 million.

What’s even more impressive is if you break that down to how much Bezos makes every day, every hour, and even every second.

2. Bezos makes $2,489 per second — more than twice what the median U.S. worker makes in one week.

2. Bezos makes $2,489 per second -- more than twice what the median U.S. worker makes in one week.

Image credit:

Photo by Drew Angerer/Getty Images

That’s $149,353 per minute.

As Business Insider’s Hillary Hoffower previously reported, that means that in just one minute, the Amazon chief makes more than three times what the median US worker makes in a year — $45,552. These numbers were calculated shortly before the Bezos divorce.

3. After divorcing MacKenzie and giving up 25% of the Amazon stock co-owned by the couple, Bezos still kept his ranking as the richest person in the world.

3. After divorcing MacKenzie and giving up 25% of the Amazon stock co-owned by the couple, Bezos still kept his ranking as the richest person in the world.

Image credit:

AP Images

MacKenzie, on the other hand, is now the third-richest woman in the world after L’Oreal heiress Francoise Bettencourt Meyers and Walmart heiress Alice Walton.

MacKenzie, who was one of Amazon’s first employees, is now worth an estimated $38.9 billion.

4. With his $121 billion, Bezos could theoretically buy more than 30% of the top 100 U.S. college endowments.

4. With his $121 billion, Bezos could theoretically buy more than 30% of the top 100 U.S. college endowments.

Image credit:

Getty/Michael Kovac

The top three richest colleges in the U.S. — based on the size of their endowments — are Harvard University with $38.3 billion, the University of Texas system with $30.89 billion, and Yale University with $29.35 billion.

Bezos’ fortune is greater than those three universities’ endowments combined — with more than $22 billion to spare.

5. Bezos is so rich that an average American spending $1 is similar to Bezos spending $1.2 million.

5. Bezos is so rich that an average American spending $1 is similar to Bezos spending $1.2 million.

Image credit:

Getty/Drew Angerer

The median net worth of an average U.S. household is $97,300. Dividing $121 billion by $97,300 comes to about $1.2 million, according to previous calculations by Business Insider.

6. The Amazon CEO is nearly 38% richer than the British monarchy.

6. The Amazon CEO is nearly 38% richer than the British monarchy.

Image credit:

Chris Jackson/Getty

The British royal family is worth an estimated $88 billion, according to Forbes.

7. Bezos is worth about the equivalent of the entire GDP of Angola.

7. Bezos is worth about the equivalent of the entire GDP of Angola.

Luanda, Angola.

Image credit:

Nichole Sobecki for The Washington Post via Getty Images

About half of Angola’s $121 billion GDP comes from oil production,which accounts for more than 90% of the country’s exports.

8. Bezos’ net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica — combined.

8. Bezos' net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica -- combined.

Reykjavik, Iceland.

Image credit:

Maja Hitij/Bongarts/Getty Images

Iceland’s GDP is about $31.6 billion, Afghanistan’s is $22.9 billion, and Costa Rica’s is $64.8 billion.

9. According to the Social Security Administration, the average American man with a bachelor’s degree will earn approximately $2.19 million in his lifetime. Bezos makes that in just under 15 minutes.

9. According to the Social Security Administration, the average American man with a bachelor's degree will earn approximately $2.19 million in his lifetime. Bezos makes that in just under 15 minutes.

Image credit:

Alex Wong/Getty Images

According to the SSA, the average American woman with a bachelor’s degree will earn $1.32 million in her lifetime.

Bezos, who has a bachelor’s degree from Princeton University, makes about$149,353 every minute, according to calculations by Business Insider.

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New Documentary Examines a Chinese Factory in the Heart of America

May 1, 2019 by Asif Nazeer Leave a Comment

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‘American Factory,’ to air on Netflix, shows three years in the life of Fuyao Glass America erected at the Ohio site of a shuttered GM auto plant.


May
1, 2019

8 min read


Americans …

  • dislike abstraction in their daily lives.
  • are slow workers and have fat fingers.
  • live in a culture where children are showered with encouragement, leading to overconfidence.

These are just some of the beliefs about Americans that Chinese supervisors hilariously and alarmingly feed to their Chinese workers. The odd thing is that those briefings aren’t taking place in China but in the American heartland: Dayton, Ohio.

Related: Alibaba’s Billionaire Founder Jack Ma Says Companies Forcing Staff to Work Overtime Are ‘Foolish’

So begins American Factory, the intriguing new Tribeca Film Festival documentary (and upcoming Netflix offering) which had its New York premiere on April 26 and was one of five festival films curated by four New York-based film critics.

The story: In 2015, Cao Dewang, chairman of Fuyao Glass America, arrived in Dayton to check out the construction and hiring progress for the U.S. branch of his world-leading automobile-glass company, on the site of a shuttered GM plant. He was attempting to do the seemingly impossible: put Chinese workers to work alongside American workers and meld their two dramatically different cultures.

As filmmakers Steven Bognar and Julia Reichert show, even well-meaning Chairman Cao seemed a tad gob-smacked two years into his bold experiment.

Here, after all, were American workers insisting on limiting themselves to an eight-hour workday; holding an election to consider inviting in the UAW union; and pressuring the company for a rigorously safe factory environment (1,200-degree glass furnaces and the very breakable product they produce being dangerous to human health.)

Are the struggles revealed in the film cause for alarm for American entrepreneurs working with or considering partnering with the Chinese companies? “We’re not making a promotional film to promote working with China or not working with China,” Steven Bognar told Entrepreneur following last week’s screening and Q&A.

“We’re not trying to make a scary movie,” Bognar continued. “We’re trying to make a movie about how hard it is. It wasn’t easy when the Japanese set up factories here, either, but there are ways you can build bridges or decide not to build bridges.”

In the film, executive-produced by Jeff Skoll, Participant Media’s founder (and eBay’s first president), we view an initially hopeful scene: Hundreds of workers are being promised new jobs, having been laid off by GM in 2008 ( a devastating event which Bognar and Reichert chronicled in their Oscar-nominated film The Last Truck).

In 2015, this sudden new influx of jobs, designed to revive that Rust Belt city from its long economic nightmare, are far better than those at the Payless distribution center or at McDonald’s. That’s why new energy and optimism abound at first in this Ohio city, which once had more automobile manufacturing than any metropolis outside Detroit.

No wonder Chairman Cao wants to document his great project: “The important thing is how this will change the American view of China,” Cao says in the film.

Bognar-Reichert were natural choices to be the filmmakers, but they insisted on and got editorial control. “He’s kind of a maverick,” Reichert said of the chairman during the Q&A. “It wasn’t as though many American CEOs would allow filmmakers to be in their plant for three years.” GM, she commented dryly, had allowed the filmmakers into its former Dayton plant for a grand total of 20 minutes.

Bognar echoed this upbeat view of Cao, saying “He believes in transparency.” That is apropos for a glass manufacturer but it also allowed for amazing insights into the lives of the workers the filmmakers profiled during the factory’s first three years. Among them were:

Wong He, a 20-year veteran furnace engineer at Fuyao China who has been brought to Dayton for a difficult two years away from his young family. In Dayton, he lives with four other Chinese men. During the day he’s so attuned to working that his “lunch” consists of a packet of Twinkies.

Rob Haerr, a furnace supervisor who invites his Chinese co-workers to his country home for an American Thanksgiving, where the men dine on turkey, try out Haerr’s Harley and practice target-shooting using his twin revolvers.

Jill Lamantia, a forklift operator, who was economically felled by the 2008 layoff and recession, but is able, thanks to her new Fuyao job, to move out of her sister’s basement. Delight turns to disenchantment, however; and Lamantia becomes a union supporter and is fired for it.

John Crane, a safety manager at Fuyao who grows frustrated at the safety issues at Fuyao and at being forced to lie to Fuyao’s automotive company clients. He eventually resigns.

Image Credit: Fuyao Glass America | Facebook

Culture clash among workers

Things quickly went south at the Dayton plant. “All the Chinese workers were so loyal to the company,” Lulu Men, a Chinese field producer for the film, said during the Q&A. “They had this culture of having been trained to dedicate their lives to the company. The difference is, Chinese culture is all about unity, and the American [culture] is about individuality. So I think that made a huge difference, and a culture clash.”

Serious injuries proliferated. OSHA fines were levied. American supervisors were replaced by Chinese. The American workers complained about being forced to train off the clock and about their wages — pre-treatment inspector Shawnea Rosser tells the filmmakers she used to make $29-plus an hour at GM; at Fuyao, she says, her wage is $12.84. 

The Chinese workers also complain; their American workers are heading home after eight hours while they work 10 and 12 hours and come in weekends, they say. “I think they are hostile to the Chinese,” Chairman Cao tells his board members, noting a $40 million loss in the plant’s first months of operation.

Another overall difference: “Workers in China are given orders, and they tackle them,” Reichert says in the film’s production notes. “Here in the U.S., workers want to know why they’re being asked to do something; they also expect there will be some praise.”

More happily, the film chronicles a big Chinese New Year’s party at Fuyao’s Chinese headquarters in Fujian Province, to which about a dozen U.S. supervisors are invited. These scenes in the film are somewhat comic to Western eyes: big-bellied Midwestern white men towering over their Chinese bosses. Chinese workers lining up for their morning check-in, in military formation, and singing out motivational company slogans (“To stand still is to fall back.”)

Meanwhile, the party itself is an over-the-top three hours of garish costumes, fervent songs about the company’s “blessings” and even a wedding of five employee-couples. “We’re one big planet. A world somewhat divided but one,” a teary-eyed U.S. supervisor says to the camera late in the alcohol-fueled evening.

But back in Dayton, there is no partying. Workers are unhappy (“Everybody is upset in their own language and everybody just walks away,” Lamantia, the forklift operator, says.) The workers set an election to try to bring the union in.

The company, for its part, is not amused, spending $1.25 million to hire the Labor Relations Institute (its motto: “Winning NLRB elections for almost four decades”) to dissuade a “yes” vote. Ultimately, the union is rejected, 868-444, but its supporters are fired — an illegal action in the United States, Reichert says, but hardly an uncommon one.

The film ends with flows of workers, Americans and Chinese alike, entering and leaving their shifts. Added in are voiceovers by workers — with comments like, “We’re never going to make that kind of [GM] money again,” versus, “I believe in the American Dream; we can’t give up on that.”

Back in China, Chairman Cao is also filmed, making the extraordinary statement that when he looks back on his life’s journey from intense poverty and the Cultural Revolution to today’s capitalism, he asks himself, “Am I a criminal or a contributor?”

Related: China Blocks Microsoft’s Bing, Despite Offering Censored Search

“One thing we tried to do is not root this film in Midwestern unease about China,” Bognar said at the Q&A. “I think China is a miracle in many ways: Millions of people are no longer in poverty because of this amazing last 30 years. So we hope this movie sparks conversations and gets people talking about these issues, with the hope that they’ll focus on people, whether they’re Chinese or American.

“Is this global hypercapitalism sustainable?” Bognar continued, repeating the question he asked himself throughout production. “And what is the impact on the environment and working people?”

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‘Leftover Women’ Documentary Chronicles the Story of China’s Attack on Unmarried Professional Women

April 30, 2019 by Asif Nazeer Leave a Comment

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China’s gender imbalance — 30 million more men than women — is the reason why being single and older than 27 has become a social crisis.


April
30, 2019

5 min read


Most Americans are aware of China’s one-child policy, the population-control rule that from 1979 to 2013 sharply limited the number of Chinese births. Less well known outside China is an offshoot campaign currently being run by the government that targets and shames sheng nu (leftover women) for the “crime” of being an unmarried educated professional woman older than 27. 

The systematic disparagement and discrimination these women face is the subject of Leftover Women, an affecting new documentary by Israeli filmmakers Shosh Schlam and Hilla Medalia which had its New York premiere at the Tribeca Film Festival this week.

Related: 4 Mistakes We All Make to Perpetuate Gender Bias

Due to its one-child policy, China today has 30 million more men than women of marriageable age. The government views this gender imbalance as a threat to the social order. In an interview with Entrepreneur, the filmmakers detailed its effects. “One side effect is women trafficking,” said Shosh Schlam. “Another side effect is that more men will not have the traditional role of head of the family,” meaning the opportunity to father children and continue the family name. The government, Schlam said, fears that a glut of unmarried men could cause violence or, worse, that these men might “turn” gay — which is illegal in China and subject to harsh penalties.

Whatever the government’s motive, sheng nu is stigmatizing urban professional women who want to start businesses or pursue careers in law, media and academia as being selfish.

“When these women [from China’s educated class] are growing up, they have a lot of pressure to succeed — to be the best in their class,” said Hilla Medalia. “And their parents really push; the whole society pushes them to succeed and go to university. Then they start their career. But then they have to stop everything and get married. Their entire value is based on this one thing.”

Related: Sexist Job Ads Discriminate Against Women in China — Even Specifying Applicants’ Required Height, Weight and Facial Structure

To document the impact, Shlam and Medalia returned to China, site of their first, 2014, collaboration, Web Junkie. They conducted a lengthy search for single women using Weibo, China’s version of Twitter. Dozens of women came forward, the filmmakers said, but the vast majority wanted only to discuss their woes with sheng nu off camera, for fear of bringing shame to their families. Ultimately, the filmmakers found and focused on three ambitious and brave Beijing women:

Qiu Hua Mei, age 34, is a lawyer who faces an uphill battle for finding an educated mate given her (socially lower) rural village roots. She is cruelly criticized by her family (“Schooling makes you dumb,” her illiterate father says, expressing regret for having paid her university tuition). In another disturbing scene, a dating counselor tells her, “You’re not beautiful in the traditional sense. You have a tough personality and need to soften yourself.” A prospective match, meanwhile, who’s similarly well educated and similarly from a rural village, announces that once he marries, he intends to be the “dominant” spouse.

Xu Min, 28, is a radio talk show host who lives with an overbearing mother who tells her, “You’re not old. You’re not a ‘leftover woman’ yet.”

Gai Qi, 36, is an assistant professor of film. She does marry and has a daughter during the course of the film, with a husband the filmmakers call “extraordinary” for his social faux pas — marrying a woman older than himself — and for his willingness to follow her to a better job in Guangzhou.

Over the span of three years, Hua Mei and Xu Min are individually followed by cameras as they attend a massive government-sponsored “annual blind date event,” check out a Valentine’s Day dating party and visit a gynecologist’s office (where Hua Mei is told it’s illegal to freeze her eggs). Then there’s the “relationship expert” Xu Min consults, who ends up delving deeply into her emotions. Breaking into tears, she admits that she is so obedient to her mother, she can’t actually date a man her mom dislikes.

A happier note is the joyful wedding of Gai Qi, who tells the filmmakers she was so worried her marriage might threaten her career that, “I was not planning on a happy ending.” That happy ending, however, is short-lived; later in the film, Gai Qi admits she finds marriage boring.

Hua Mei, meanwhile, is the polar opposite. She wants to date, but not marry, she tells her parents back home in their impoverished village. But, after months of sitting alone in desolate bars and getting the third degree from mothers of sons in public parks advertising their sons’ eligibility, Hua Mei gives up: She abandons her home country altogether to study in far-off France: “There are voices all around me,” she tells the filmmakers. “I want to have a life without those voices, just to live my life.

“I could live a wonderful life,” Hua Mei continues. “All this [grief occurs] because I’m not getting married. I live in a constant fight, a life of exile.” She even compares sheng nu to China’s infamous practice of foot-binding: “I have big feet,” she sighs, describing herself and her ambition, borne out by the fact that she has recently moved to Munich to start a business.

Related: China Considers Law Against Sexual Harassment at Workplace

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Mark Zuckerberg Made a ‘Sleep Box’ for His Wife

April 29, 2019 by Asif Nazeer Leave a Comment

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The simple device allows his wife to sleep all night without the distraction of a phone or the stress of knowing what time it is.


April
29, 2019

2 min read


This story originally appeared on PCMag

Mark Zuckerberg will forever be associated with Facebook and social networks, but we can’t forget he’s also an engineer and he just put his talent to good use helping his wife get a good night’s sleep.

Posting on Instagram, Zuckerberg explained how he spent some time recently building a light-emitting wooden box. It sounds strange until you hear why he created such an unusual object.

His wife Priscilla knows that their children usually wake up between 6-7am, so she got into the habit during the night of checking her phone to see what time it is and whether she needed to get up. The problem is, knowing the time “stresses her out and she can’t fall back asleep.”

The solution, as Zuckerberg viewed it, was to create a new device that indicates when it’s the right time to get up for the kids, but isn’t a distraction at any other time. The end result is a “sleep box.” It’s a very simple wooden box that emits a faint light focused downwards, but only turns the light on between 6-7am each morning. If Priscilla wakes up and the light isn’t on, she knows to go right back to sleep, where as the light being on won’t wake her, but if she wakes and sees it she knows it’s time to get up.

By solving the problem in this way, the time never needs to be known and the physical process of interacting with a phone (and its very bright display) is no longer required. It’s true that Priscilla could oversleep, but the same was true of checking the phone. It’s also easy to avoid oversleeping by simply setting an alarm that goes off at some point after 7am each morning as a last resort.

With the experiment deemed a success, Zuckerberg has responded to his friends wanting their own version by putting the idea out there for “another entrepreneur” in case they want to run with it. It seems likely the sleep box will be turned into a product now, although I suspect it may get a few smart home feature upgrades in the process.



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4 Home Massage Products to Keep You Pain-Free at Your Desk

April 28, 2019 by Asif Nazeer Leave a Comment

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Four different portable massagers will work out every knot after a stressful day.


April
28, 2019

2 min read

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.


Stress is inevitable when you’re starting your own business. Long hours at your desk, lengthy drives to meet new clients and high-energy brainstorming sessions in front of a whiteboard can leave you with sore, overextended muscles.

Regular massages can cure your muscular woes, but it’s tough to find an hour (and the budget) to spend on a masseuse when you’re getting your feet wet with a new venture. These four personal massagers will relax you from head to toe at home, so you’ll be at your best at work. Plus, they’re all on sale.

Shiatsu Portable Back Massager with Heat – $56.99 (56% off)

This massager targets the stress points in your shoulders and neck. It fits in most office chairs and car seats. Three speed levels, a heating element and a convenient remote help you tailor this massage to your needs. It also has a 15-minute auto-shutoff to prevent over-stimulation.

Belmint Heated Shiatsu Foot Massager – $99.99 (28% off)

Chronic foot pain and aggravation from stiff shoes and long days of walking don’t stand a chance against this heated Shiatsu foot massager. It’s engineered with powerful massage nodes for a deep tissue foot massage that dissolves knots and promotes circulation. It’s easy to choose your mode with the built-in toe control panel.

10-Motor Full-Body Massage Mat with Heat – $59.99 (14% off)

This luxury massage mat can beat any knot or tension. It’s perfect for fighting aches and pains throughout your body after a long day. The flexible plush mat comes equipped with 10 massage motors, targeting all of your pain points from your neck to your legs. The built-in heater and interactive controller give this mat a spa vibe every time you unroll it.

Full Body Stretch Massage Mat – $109.99 (26% off)

Combine the health-boosting effects of yoga with soothing vibrations with this full body massage mat. After you’ve finished your invigorating yoga session, just lie back and let precision-controlled air chambers help you emulate yoga-style stretches. It’s pre-programmed with four relaxing functions that target acupuncture points. Use it to relieve fatigue and improve circulation as part of your self-care routine.

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These Sisters Left Dream Jobs to Pursue Their Love of Dumplings. Now They’re Cooking up a Delicious NYC Restaurant Empire.

April 26, 2019 by Asif Nazeer Leave a Comment

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Hannah and Marian Cheng of Mimi Cheng’s NYC restaurants share the ups and downs of their first five years in business.


April
26, 2019

7 min read


Five years ago this July, Hannah and Marian Cheng took a big leap and opened the first location of Mimi Cheng’s in New York City’s East Village.

The pair had decided to open a restaurant dedicated to the delicacy they most loved, growing up: handmade Taiwanese dumplings. They missed their mom’s cooking terribly and figured that if they were hungry for those dumplings — and couldn’t find them — others might share that culinary plight.

But their parents, who had been the inspiration for their choice of cuisine, weren’t exactly thrilled. Hannah and Marian told Entrepreneur, their parents were “horrified”  at the prospect of their girls leaving solid jobs — Hannah was a VP at JPMorgan Chase, and Marian, an account executive at the luxury fashion brand Burberry — to jump into the food world, an industry fraught with uncertainty. 

“You both have your dream jobs; you worked so hard to get there; and now you’re leaving to open a takeout restaurant?” Hannah recalled her parents saying. “You didn’t have to go to college to do that.” But with the conviction of their vision, they forged ahead, and named the restaurant Mimi Cheng’s, after their mom Shirley’s nickname, Mimi. 

After about a year, seeing that their daughters were serious and committed to making their business happen, Mom and Dad came on board, too.

Related: What’s the Biggest Challenge of Starting a Restaurant?

The learning curve

With their family in their corner, the next big hurdle was the steep learning curve the sisters needed to master for actually opening and running an operational restaurant. The Chengs say tht it took about three years to get a handle on the process, right up to the point they were poised to open their second location, in Nolita, in 2016.

Mimi Cheng’s Dumpling Making

Image credit Nicole Franzen

Flash-forward to today: The sisters now manage both locations and oversee a team of 40 but say there are always new surprises and challenges to deal with. “When we were opening our second location, it’s like you have a newborn and you have to pay attention to the newborn a lot, so it’s trying to balance both of them,” said Marian. “And when we were opening up the first location, [we tried] to get insight from other restaurateurs and others in the industry about things like  contracting, licenses and permits. Everyone says it’s a nightmare dealing with the city and stuff — but you have to go through it yourself and learn what the nuances are.”

Along the way, the sisters knew they couldn’t do it alone, given their lack of restaurant experience. So, they worked with a city organization, the NYC New Business Acceleration Team (NBAT), an initiative that helps new restaurants and bars get up and running. Before launching Mimi Cheng’s, Marian also took a detour of her own, leaving the fashion world to gain direct experience in hospitality by joining salad chain Sweetgreen’s opening team.

Opening up

The sisters say that one of the biggest early challenges of opening that first location was, quite literally, keeping the lights on.

They were set to open in May of 2014 but actually opened the doors in July. The reason? Not enough electricity to power everything. Their wait for a promised electrical upgrade stretched from weeks into months. They were frustrated. But then came help: their community of fellow restaurateurs advised them to end the waiting game by contacting their local representatives, who connected them with the right Con Edison supervisor who made the upgrade happen.

Mimi Cheng’s Dumplings

Image credit Nicole Franzen

In the weeks leading up to opening day, sleep was in short supply, the sisters remember. They also remember the mixed benefit that a teaser write-up in the New York Times gave them — the day before they opened.

“It was very exciting. But we also didn’t know what that meant,” Hannah recalled. “And what that meant was hundreds of people showing up at our door the first day of opening. It was amazing, but also terrifying. We could not wrap dumplings or cook dumplings fast enough to meet the demand. We actually had to close in the middle of the day, because we knew that there were going to be more people coming in at night.

“We said to ourselves, ‘If we keep selling at this pace, we’re going to be sold out before everybody shows up.’ So we had to close in the middle of the day to restock everything. We are so thankful to the people who still came after they had been there the first day. There is no way that was a good experience, and no way did everything meet our expectations.”

Hitting their stride

At this point, with Mimi Cheng’s having been on the books now nearly five years, the Cheng sisters say that their main advice for entrepreneurs feeling discouragement in their own early stages is to “listen to your gut” and then do the due diligence to back it up — no matter what advice you hear from your support system, no matter what the naysayers believe.

“If it’s something that you can’t stop thinking about, then you also have to realize that these people are speaking from their own point of view. And nobody’s in your shoes, with your experience, with your dream, with your passion,” Hannah said. “So nobody will ever be able to speak to that.

Related: There Are 2,000 Empty Restaurants During the Day in New York — and This Startup Is Doing Something About It

“You have to also realize that they care about you, but they are only speaking from their perspective. We’ve had so many people tell us, ‘Don’t open a restaurant, you have no idea what you’re doing.’ — which is all true. But at the end of the day, it was something that we couldn’t stop thinking about. And I’m glad we did it without that knowledge because it would have been scary. Once you’re in, you realize, ‘Crap, I don’t know anything.’ But once you’re in it, you’ve figured out how to do it.”

That philosophy extends to their hiring approach: they don’t feel beholden to bring on only those with two to five years’ restaurant experience under their belts. “It’s the same with hiring some of our team members,” Marian explained. “Some of them don’t have experience in the food industry. But we give them a chance if they seem like they’re very quick to learn and they have great personalities — because you have to start somewhere.”

The sisters say that their partnership works because they each bring different skills to the table — Hannah often focuses on scheduling, finances and payroll; Marian’s specialties are inventory and ordering. The two, meanwhile, handle day-to-day operations and recipe development together.

The key ingredient, they say, is implicit trust.

“I wouldn’t recommend every sibling [duo] work together; it really depends on the kind of relationship you have. But even growing up we were never competitive,” Hannah said. “We’ve always been on the same team.

“And because of that, and also because we’re siblings, we trust each other inherently. So we always know that we have each other’s best interests in mind. And I think, when you’re starting a business with somebody, that is the hardest part: finding a business partner you can trust completely.”

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5 Mind Hacks You Need to Know Before Starting a Business

April 26, 2019 by Asif Nazeer Leave a Comment

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Ever use the Pomodoro Technique? You work in short bursts of extreme productivity, then take a break. Try it.


April
26, 2019

6 min read

Opinions expressed by Entrepreneur contributors are their own.


Starting a new business is both an exciting and daunting experience. The typical entrepreneur is racing toward the goal of being successful, but the truth is,he or she will likely struggle to get there. If you consider yourself an entrepreneur, you need to understand your customers’ psychological profile, as well as how you can manage, even manipulate, your own psychological state to become a more productive business owner.

Related: 5 Brain Hacks to Boost Your Motivation

Below are some of the ways you can start your business on the right foot by delving into some excellent brain hacks to improve your chances of creating a worldwide recognized brand.

These hacks are gaining ground owing to the scientific research surrounding them. When you combine more than one of these methods together, you have the chance to drastically improve your odds in what today are so many overpopulated industry segments — with so much noise.

Now, here’s how to dive in to those hacks:

1.Use your brand’s colors to your advantage.

Color plays an important role in the way we perceive companies and their functionality. A revealing study by the University of Winnipeg found that 62 to 90 percent of buyers surveyed said they make up their minds whether they are interested in a brand, or its offerings, based on the colors used in the brand’s design.

Related: Neuroscience Tells Us How to Hack Our Brains for Success

How can you use colors to convince your customers that your product is the right choice? Here is a chart that shows colors and what kinds of emotions they evoke.

Image Source: CoSchedule blog

You should think about the kind of product you’re creating, and how you expect customers to feel when they see your brand. In the example above, the brands that promote creativity or have products designed to increase creativity have used the color purple. The SyFy channel, which thrives on creative (and sometimes hilarious) ideas, uses purple to create a brand that is instantly recognizable.

2. Make complicated topics easy to understand.

One of the best ways to win over your audience is by explaining a process or idea in terms that virtually everyone can understand. Think about the last time you had a question about a topic, looked up what other people were saying and found some articles that left you scratching your head even more than when you started.

You never, ever want to leave potential customers more confused than they were before. Use the power of storytelling in combination with simple language to make complicated topics easy to understand.

If the topic you’re covering requires multiple pieces of content, don’t forget to intertwine the content as it comes out. If readers come to your business site and get an answer to their question bolstered by facts and confidence, they are more likely to convert — because they trust your brand.

3. Make an impression, using imagery.

We have all heard about how first impressions are everything. This rule applies to your business, too! According to a study titled Behaviour and Information Technology, most users decide whether or not they are going to stay on a website in 50 milliseconds! In other words, you have to let potential customers know exactly what your product does when they land on your website.

Along with the first impressions advice, we’re also told throughout life that a picture is worth a 1,000 words. It turns out that this is true! You can tell your customers more about what your product or service does, how it will make them feel and what problems your product will solve — using just your imagery.

Quick, check out the following image.

Image Source: Crazy Egg blog

What did you think when you merely glanced at this Coca-Cola ad?

As it happens, the color red encourages feelings of excitement. But this imagery manages to do so much more than that. At first glance, the image is of two happy people. At the same time, the word “happiness” is right next to the Coca-Cola logo. If someone, for whatever reason, has never heard of Coca-Cola, his or her first experience with this ad will promote positive emotions and, hopefully, create a positive customer.

4. Keep your inner monologue in check

As someone who wants to start a business, you’re probably feeling confident and excited. Sadly, however, more of us struggle with feelings of self-doubt, even if we are doing something well. You need to learn to hack your mind and keep your inner monologue in check when it starts hampering your progress as an entrepreneur.

The best way to keep your self-doubt in check is by focusing on the positive outcome you hope to achieve. It’s a difficult process, to be honest. But here’s the thing. When you start focusing on positive things, you train your brain to push out negative feelings and emotions.

Obviously, we are only human and sometimes have doubts and negative emotions. But learning to control our thinking and focusing on productive, positive thoughts can breed positivity and increase our chances of success.

5. Hack your time-management abilities

Time management is one of the most challenging, but important, aspects of any business. You’re going to have a million things going on at once and you’ll need to learn to manage your time properly.

One great way to manage your time is by using The Pomodoro Technique. Basically, the Pomodoro technique involves your managing your time by working in short bursts of extreme productivity, followed by a short break.

Related: Science-Backed Brain Hacks to Crush Your Goals

When you use this schedule over time, you’ll hack your brain into entering productivity mode when the timer is going; and then you can relax on your breaks. The Pomodoro method helps you build discipline and use your time wisely, which helps you get things done in a timely manner.

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How to Advocate for — and Implement — a ‘Take Your Daughters and Sons to Work Day’

April 25, 2019 by Asif Nazeer Leave a Comment

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Parent advocate Sarah Johal outlines the steps for making your company truly ‘child-friendly.’


April
25, 2019

7 min read

Opinions expressed by Entrepreneur contributors are their own.


Today, April 25, is national Take Your Daughters and Sons to Work Day for 2109. Created 26 years ago by the Ms. Foundation, the event (slightly retooled from its former name Take Our Children to Work Day) is designed for girls and boys ages 8 to 18 to learn new lessons about the workplace, then take those lessons back to school the following day.

The observance “focuses on expanding future opportunities for all our children, in both their work and family lives,” according to the website.

But what if your particular company dismisses the whole idea of welcoming kids into the workplace to observe what Mom and Dad or some other adult in their lives actually does all day? For answers, I turned to Sarah Johal.

Related: Bring Your Child to Work Day Is Too Valuable to Limit to Once a Year

Johal is a mother and marketing professional with experience advocating for parent-friendly programs and activities at high-profile organizations. She’s built brand experiences for Pandora Radio, Lyft and Workday and is the current editor of the weekly newsletter exploring parenthood in media and tech, Underbelly.

In our conversation, Johal recalled her experience three years ago as a marketing manager at Lyft, and the rideshare company’s lack at that time of a parenting employee resource group.

“I had a pretty toxic experience when I returned to work after maternity leave,” Johal began, referring to a previous job. “A few months later, I decided to join Lyft, which seemed to provide a way healthier support system for all workers.”

Even though some women within that organization were pregnant, Johal said, she saw signs that Lyft hadn’t created an inclusive culture for working parents.

Evidence for that statement? “All-hands meetings started at 5:30 pm.,” Johal remembered. “I’d see other parents get ‘stink eyes’ when they had to bring their kids in for the day, but no one batted an eye when a colleague brought in their dog.”

Ever the workplace volunteer, Johal decided to turn her pain into progress and voluntarily formed an employee resource group, or ERG, for parents and caregivers within the company.

Related: To Raise Exceptional Children, Teach Them These 7 Values

She’d assumed the organization would be concerned enough to at least listen to the needs and perspectives of caregiver employees. But working parents at Lyft at the time had no ERG to call home.

One reason might have been Lyft’s then still-recent startup status. (It was founded in 2012.). But support for working parents was one goal that needed to be accommodated, Johal told me. She cited the value for both the organization and the employees who join ERGs, illustrated in a study by the Employer Assistance and Resource Network on Disability Inclusion.

“I also wanted to ensure no one else experienced biases — conscious or unconscious — simply because of their parent identity and ways of working,” Johal said. Under the branding #UpLyft, Lyft had already adopted a framework for creating ERGs, she said. At the time, the company also had other diversity and inclusion resource groups such as #UpLyftWomen for women in tech.

Sarah Johal and her daughter

Image Credit: Courtesy of Sarah Johal

So Johal made her move; she founded #UpLyftParents in February 2016, and under her leadership, the company hosted its first “Take Our Kids to Work Day” across all domestic Lyft offices and changed its paid leave policy for all employees. Johal transitioned from Lyft to the marketing company Workday early last year, but Lyft still benefited from the effects of her hard work after her departure.

Just two months later, Lyft ranked 12th on Father.ly’s “Best Places for Dads” to work. Though Johal and her ERG corrected the course of operations at Lyft, the group never would have happened had she not striven for incremental, quick wins. “Take Our Kids to Work Day” (Lyft’s name for the event) was one of those wins.

Google, Facebook and Visa are just a few of the organizations that have received praise from their employees and the media for their Take Your Child To Work Day activities. Unfortunately, however, due to a lack of proper event planning, budget or liability fears, many companies don’t encourage employees to bring their children into the workplace n– even just for one day.

This year ‘s observance has the theme “Workforce Development for All.” And in this regard, Johal offers advice to organizations on how they can explore launching a local observance of their own in just under three weeks and develop inspiration and skill sets for tomorrow’s leaders. The tips she offers include:

Communication is key.

“Regardless if your company only has two parents or 2,000, it’s worth expressing how your company embraces working families,” Johal says.

For companies, communicating that employees can bring their children in for the day is key. Employees, meanwhile, should remember to express their interest in that event to their company’s human resources department or employee resource group, as one or both may already have programming plans. If not, employees can volunteer to serve as consultants, volunteer for various tasks and provide additional programming.

Assess the landscape.

“Audit [whether] it makes sense to celebrate the actual national holiday in April, or if it’s easier to execute in summer when more kids can likely visit on a weekday,” Johal advises, noting some parents’ reluctance to take their children out of school.

Also, if the first year’s celebration is limited just to a communique to employees, assess participation levels and feedback, determining if a larger, grander event would be well received.

Money isn’t everything.

“Zero-budget ideas are endless,” Johal says. One could be launching your organization’s first official parents’ ERG to mark the date, she says. Another could be a parent-buddy mentorship program to foster relationships between non-caregivers and parents. A third could involve posting a group selfie with leadership on your social handles.

Simply participate and share your authentic stories (internally and externally)! Just remember to use release forms for families to approve the use of their likeness and especially that of their minor-age children for any captured content.

Consider what innovative programming looks like for all ages.

“If you have the budget, have a variety of programming that expresses your core values,” Johal says. “At Lyft, we created career development and time-management panels for parents with newborns, led by executive sponsors. For older kids, we hosted themed Lego engineering workshops where families could design and build their visions of ‘future cities’ and autonomous car designs. 

“We also ensured temporary onsite child care was available in case parents needed to step away for an important meeting or phone call, and still enjoy the celebration.”

Related: An Entrepreneur’s Guide to Explaining Your Job to Your Kids

As to what benefits might result through steps like those Johal advises, worker satisfaction might be one, and increased productivity, another. Then, increased employee retention might be a third — geared to giving the phrase “child-friendly” new meaning.

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Apple CEO Tim Cook Made One Simple Change to Help Him Avoid iPhone Addiction

April 24, 2019 by Asif Nazeer Leave a Comment

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He says he doesn’t want people to use their phones so much.


April
24, 2019

4 min read


This story originally appeared on Business Insider

Phone addiction has become such a worldwide problem that even the Pope weighed in this month.

Pope Francis warned a group of high schoolers about it during a meeting at their school in Rome, reports the Catholic magazine America. He told the teens to “please, free yourselves from your phone addiction,” explaining that “when the phone is a drug,” there’s a danger of “communication being reduced to simple ‘contacts.'”

On Tuesday, Apple CEO Tim Cook agreed.

Cook was asked about how ordinary people are touching their phones thousands of time a day during an on-stage interview at the Time 100 Summit.

He agreed that many kids may be using their phones too much, and that this was the impetus for Apple’s Screen Time reports, whichrolled out in early 2018.

“It’s also the parents that are using it too much. We all are, or many of us are,” Cook said.

When asked about one study that found people, on average, touch their cell phones 2,617 times per day, he joked, “Ah, well you shouldn’t be doing that.”

He explained that the folks at Apple “don’t want people using their phones all the time. This is never been an objective for us,” and said constant phone usage is not Apple’s business model.

That’s a subtle dig at the ad-supported apps of the world — like Facebook, Instagram, Twitter, and Snapchat — that try to keep people coming back for more interaction with their apps, which helps them sell more ads.

“It is clear that there are certain apps that people can get in the mindset of just scrolling through mindlessly and continuously picking up their phones and looking to see what is happening this second,” Cook said.

He also echoed the Pope’s assessment about how phones hurt communication, too.

He said one change people should make is this: stop paying attention to your phone instead of the people in the room with you.

“Every time you pick up the phone, it means you are taking your eyes off the person you are dealing with. If you are looking at your phone more than you are looking at someone’s eyes? You are doing the wrong thing!” Cook said.

Justin Sullivan/Getty Images

Gutting your notifications

Cook said he learned that lesson personally by reading his own Apple Screen Time reports, which lead him to make another simple change that keeps him from being distracted by his phone thousands of times of day: He turned off app notifications.

“What’s it’s done for me personally? I’ve gone and gutted the number of notifications, because I really asked myself, do I really need to be getting thousands of notifications a day?” Cook said. “It is not something that is adding value to my life or making me a better person. So I went in and chopped that.”

“I recommend you do this if you haven’t already,” he added.

There are multiple ways to limit app notifications on an iPhone while still letting the device alert you to anything important. These include disabling notifications on each app through the “Notifications” tab in “Settings”; using “Do Not Disturb” both manually (while at dinner or the movies) and setting it up automatically (like at bedtime); and selectively earmarking contacts or email strings as VIPs, so you are alerted to their emails and don’t need to constantly check your phone for them.

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