I know this is just self-control, but if you can trick urself into being more productive because your in an office environment I feel this could be worth the additional money spent on rent.
868 karma · joined June 14, 2008
I know this is just self-control, but if you can trick urself into being more productive because your in an office environment I feel this could be worth the additional money spent on rent.
Of course people are afraid of losing their job to foreigners, but if you look at the big scheme of things: every worker is also a consumer. Meaning every immigrant and his family will also buy more American products, go to the hairdresser, pay taxes etc. and thus indirectly create work for other people.
I really hope Obama is free market enough to make the moves in that direction.
trading the stock market has negative expectancy as well, if you count in trading costs (against just owning the index like the S&P 500 or the MSCI world, with almost no trading costs) Is running the NYSE immoral?
How about all those people who have little karma because they're working so hard?
As with Rescuetime I think it could be tough to make it worth while. The product is so great I believe you'll get much more bang for the buck with mouth 2 mouth recommendation. I've already told a couple about it ;)
Think about how much a (non paying) user is worth. (Multiply the conversion rate times the worth of a paying user). That number will tell you how much you should be paying per conversion from Adword Click to free user. I just checked, you pay an average of 10$ for the keywords rescuetime would be interested in. If you achieve a conversion rate of 10% for somebody who clicks your ad and then signs up to the service (which is pretty good in general), you're paying 100$ for a free user. You'd have to have extremely good conversion rates for this to be worth it.
but also, there is quite some overhead attached to it, especially when compared to working from home.
a) the commute. that is time essentially totally unproductive and costs you either BART tickets or gasoline.
b) the distraction: while it's fun being around other people, I've seen how much people talk to each other, in terms of productivity it is not that great. there are a lot of people coming in from everywhere, and everyone is interesting to talk to. but that's exactly the problem. while you're talking to them you're not moving your product ahead. of course you need to have a healthy balance of networking also, since you can generate sales/hire/partner leads with it. but for that, a cowork space is just not focused enough
c) equipment/food etc. if you work from home, you need everything just once, you have 24h access to your fridge, you don't have to carry laptops around or screens etc. and you will save money since you don't have to go out for lunch and can just cook or eat frozen food at home.
I am lucky since a have a cofounder, I guess that makes it easier to stay and work from home.
Then again, I would seriously think about getting a cofounder, I feel it's much more productive and fun.
Take my example. I currently live in Switzerland and am now moving to California, for entrepreneurial reasons.
But I must say it has become less attractive if you look at the Swiss Franc to US Dollar: http://finance.google.com/finance?q=usdchf
In 5 years the Dollar has lost 25% ! That means that now Americans in average are 25% poorer compared to Switzerland than they were 5 years ago.
And the worst that can happen to America is if the smart, driven and hard working people it has been attracting for centuries stop coming. They are the ones that drive America's growth. And with the dollar down the tubes they might think twice before following their American Dream.
http://www.csail.mit.edu/index.php
just walk in and ask someone to show you around. they got some pretty cool stuff going on