Tue, 21 May 2024 14:31:11 -0700WeeblyThu, 09 Aug 2018 18:52:07 GMThttp://alexhlee.com/blog/employment-is-not-necessarily-securityWhy is entrepreneurship considered risky?

In a world of ever increasing business ($ value), the number of companies is decreasing due to industry juggernauts (I'm looking at you, Amazon) expanding incredibly quickly combined with the taught mentality that employment is the 'safe' path forward. Here are my two questions with this:

What happens during an economic downturn?

When there are so many brilliant people, why do they not believe in their own skill enough to go out on their own?

An owner won't fire themselves but your company will fire you if they need to. Additionally, since every company reports to someone (owner, shareholders, creditors), they will always be looking to squeeze the most productivity out of the employees. All of you brilliant people need to get onto the other side of the fence!

​The world does not have enough leaders, and due to efficiency increases, it's losing jobs. Eventually, people will embrace an entrepreneurial lifestyle culture. Your goal should not be to turn every venture into the next Google, it should be to build a legacy that is completely your own. It may be more work, but the end result will be worth it.


]]>Tue, 04 Apr 2017 07:00:00 GMThttp://alexhlee.com/blog/thoughts-on-the-future-of-businessIn our world where autonomy and AI is driving productivity (efficiency) forward, many people fear for their jobs and what the future may hold. Well fear not, my friends. This is the direction I predict the world to move toward.

Despite ever improving efficiency in the commercial sectors, the average person has only received relatively minor improvements to their day to day life (like Roomba's). The internet of things is making our lives increasingly easier but not necessarily more time efficient. That's where a new type of business can come in. Subscription boxes are already taking the modern world by storm because of their simplicity. You pay a monthly fee and you get razors, dog food, cleaning products, toiletries or anything else you can imagine on a timed interval. It benefits companies by creating a more predictable sales model and it takes items off of the public's mind. Let's try to take these concepts a step further.

Remember the milk man? I don't. I was born after they became extinct. For those of you who miss them, get ready for a come-back. Imagine scheduling your meals online for an entire week utilizing from your computer and waking up or coming home to find them at your door step, hot and ready to go. These meals aren't take out - they're meals that are cooked the same way you make them at home. No hidden chemicals or processing for you to worry about. Not only that, the advent of drones make delivery incredibly inexpensive and the huge volumes of orders make the food both inexpensive and as nutritious as cooking at home. For the average person, this would account for multiple hours saved daily. Not only does this system save time for you to do things like hang out with friends and family, but offers the ability to eat healthy without paying over $10 for just a salad.

Another example is in regard to how we think about space. Why do we all need our own things like personal lawn care equipment? The truth is, we do it for the reliability of knowing that it works and is available at any time. However, what if you shared them with a handful of people say... a block of people? I've had the idea for years, but I feel like the perfect solution is to carve out a small piece of land for a centralized shed that the neighborhood block rents from. It would cost a small amount of money, require minimal maintenance (thanks technology), and be bookable through an app. The equipment would be high end, worry free and in the meanwhile, save your garage from having to hold it all and reduce the consumption of materials from building so many lawn mowers! It's a beautiful world, isn't it?

What are your opinions? Let me know!]]>