Entrepreneurs

Headspace’s CEO on what industry is overlooking by formula of psychological health

Published

1 year ago

August 17, 2023

Headspace’s CEO on what industry is overlooking by formula of psychological health

On this week’s episode of Fortune‘s Leadership Next podcast, co-host Michal Lev-Ram talks with Headspace Smartly being CEO Russ Glass about what industry is presently getting coarse about psychological health, how leaders can handiest enhance their workers while taking care of themselves, and the contrivance meditation changed his lifestyles. Co-host Alan Murray, who became now not fraction of the interview this week, joins Lev-Ram for the pre-interview chat.

Hear to the episode or read the fleshy transcript below.

Transcript:

Alan Murray: Leadership Next is powered by the folks at Deloitte, who, cherish me, are exploring the altering principles of industry leadership and the contrivance CEOs are navigating this swap.

Welcome to Leadership Next, the podcast about the altering principles of industry leadership. I’m Alan Murray.

Michal Lev-Ram: And I’m Michal Lev-Ram. Alan, ever since the pandemic, I actually feel cherish there are a handful of issues that CEOs—and industry journalists—withhold returning to repeatedly and again. In truth, it became the realm of our newest episode with Howard Lerman of Run—tech innovation spurred by lockdowns and work from the home, the return-to-work debate, and the significance of worker psychological health.

Murray: Yeah, and I judge one in every of the causes we withhold talking about that ultimate one, about worker psychological health, is that companies aren’t slightly particular in the event that they’re doing a real job. We know that there are loads of considerations obtainable, and it’s actually exploded as a workplace philosophize. Everyone now appears to be like to agree it’s fundamental, but they don’t know the final phrase formula to enhance their crew.

Lev-Ram: Smartly, our visitor as of late desires to aid with that! He’s Russ Glass, the CEO of Headspace Smartly being—which is a stamp that doubtlessly loads of of us are accustomed to. It’s a meditation app, or actually that’s what it became is named for years. However they’re going to now not realize that just a few years ago, Headspace merged with an organization called Ginger, which ran an enterprise industry, providing workers coaching, therapy, and psychiatry services and products. The mixed company is named Headspace Smartly being, and the aim became to bring all of these sources under one platform.

Murray: Yeah, and a actually luminous stride to motivate enterprise companies, as there might per chance be loads of keep a question to for it. The company says it now serves 4,000 employers all the contrivance through 200 countries, and that quite a lot of million of us actively exhaust the Headspace app each month.

Lev-Ram: Yea, Alan, I’ll explain you one thing I learned in the interview that in actuality taken aback me—in step with a Headspace Smartly being detect, 49 p.c of workers explain they actually feel a sense of dread at work now not lower than as soon as a week—and that number rises to 59 p.c for CEOs! I hope you’re now not feeling any dread lawful now, Alan! However what stop you have confidence about that?

Murray: Never any dread about becoming a member of you for a Leadership Next podcast. However sadly, I did dread the truth I wasn’t able to hitch you for this one, on account of right here’s one in every of my popular issues.

Lev-Ram: We omitted you. I do know right here’s a topic that is near and expensive to your heart. By the formula, we also had an extended dialog, Russ and I, about elevating daughters—something we are all residing through and fill lived through and we can issue to—the three of us. Russ is de facto one in every of the few leaders we’ve spoken to on this podcast who stepped aid from his occupation to lift his formative years. Sooner than becoming a member of Headspace, he became a fleshy time dad for 18 months, and he talked about it and what an unimaginable, amazing replacement it became for him.

Murray: Wow, but let’s now not discuss him, let’s check with him. Let’s secure lawful to as of late’s interview. Here’s Michal’s interview with Headspace Smartly being CEO, Russ Glass.

[Music]

Lev-Ram: Ok. So, Russ, sooner than we dive into the real industry right here, real slightly little bit of context right here, about you. So earlier than becoming a member of Ginger as CEO, you’d started a sequence of companies. Here’s now not your first gig right here. A range of tech-targeted companies, obviously. This appears to be like cherish slightly little bit of a jump coming into a longtime company in the psychological health rental. How did this near about?

Russ Glass: Yeah, it is a ways a jump. This if truth be told is my first health care company. All of my prior entrepreneurial endeavors and startups and whatnot, were in thoroughly different kinds of tech, whether media or recordsdata or enterprise software. And as soon as I left LinkedIn, I actually didn’t fill any roughly newest tips or desire, and I real wished to be a dad. So, I’ve received three daughters, and I spent the final phrase 9 years targeted on the corporate, and I actually wished to exhaust time with them. So I left. And after about 18 months, I made up my mind that, okay, I wasn’t ready to be retired forever. And I needed to return and stop something. However if I became going to head away them daily, it indispensable to be for something that became impactful, something that the world actually indispensable. And I discovered Ginger, I diagnosed real how fundamental the psychological health disaster became, and the offer-keep a question to imbalance that existed. I felt cherish I might per chance exhaust the comfort of my occupation targeted on it.

Lev-Ram: Ok, so, I’m gonna aid up for a 2nd. We’ve interviewed loads of leaders on this podcast, female and male, I don’t judge we’ve ever had somebody discuss over with us about, you know, stepping apart to lift their daughters. So I’m unparalleled to hear real slightly bit extra about that. I mean, became that a noteworthy willpower to get? What reactions did you secure even as you happen to told of us?

Glass: You understand, I mean, keep in mind, my first daughter became born about three months after I started this company, Bizo, that I finally supplied to LinkedIn. My third daughter became born about a week sooner than I supplied the corporate. And so as that total six years of constructing an organization became on the the same time that I became elevating these shrimp folk, you know, and then I went to LinkedIn. And that became an intense three years. So as that became 9 years of me now not placing them first. And I form of diagnosed that you can by no formula secure this time aid. And I felt cherish I became, you know, actually privileged enough to fill the sources to lift time away. And my companion also has a actually a success occupation. And so I took a step aid, and also you know, literally to on the present time, I fill relationships with them that I wouldn’t fill had in any other case, you know, and so it became one in every of the final phrase choices I’ve made in my occupation.

Lev-Ram: Smartly, one thing the three of us right here fill in fundamental, the two of us and Alan, is we all fill gotten to lift ladies and soundless secure to total it. So I commend you for that.

Glass: We’re lucky, we’re all lucky.

Lev-Ram: Fully, absolutely. So I are looking to return to Ginger and Headspace. And I judge, you know, perchance now not all individuals’s accustomed to the merger that came about. And so give us slightly little bit of a sense of real what became Ginger, what became Headspace? And what are they mixed?

Glass: Ginger became actually a class creator in digital psychological health. So Ginger diagnosed this mountainous offer-keep a question to imbalance that exists on this planet. The World Smartly being Group estimates about a billion of us who fill a identified psychological health situation, and 60% of them aren’t getting enhance. And an tall fraction of that is on account of there aren’t enough suppliers obtainable, there aren’t alternatives obtainable to scale secure entry to. So Ginger became targeted on that philosophize. On the opposite facet, Headspace, again, is roughly a class creator. It became founded by literally a Buddhist monk, Andy Puddicombe, and he went to see meditation and mindfulness in Tibet, and undercover agent the mountainous vitality of mindfulness to clear up just a few of the psychological health wants in standard humanity. And, you know, loads of the world has diagnosed this for hundreds of years and has by no formula lost it in Eastern cultures. However in quite a lot of the Western society, we’ve form of lost the working out of the vitality of mindfulness and meditation. So Headspace introduced that to the world, and created a scalable formula to coach of us fabricate mindfulness and exhaust that to clear up these kinds of psychological health wants now we fill. Bringing both companies together, the concept is to develop the most comprehensive, most scalable approach to clear up this psychological health need of the world. And the combination of these implausible experiences and the actual person interfaces, that Headspace is constructed to coach and aid of us follow it this meditation direction. And then Ginger, the on-keep a question to psychological health system. In the event you bring both of this stuff together, you now stay wide awake with something slightly noteworthy, which is having the flexibility to attain the keep of us are in their psychological gallop, info them to the lawful alternatives for the wants and be their lifelong info to psychological health enhance .

Lev-Ram: So can you discuss slightly bit extra about real what the breakdown is income wise, at this point, of what’s coming from the actual person rental, Headspace, and what proportion is coming from the enterprise, industry facet, at this point.

Glass: At this point, the income is coming, for the most fraction, from the enterprise facet of the industry. We’ve considered slightly important verbalize, I judge, a little bit of driven by the pandemic and the recognition of real how fundamental right here’s, roughly accelerated consciousness of heart of attention on psychological health. And now we witness that enterprise’s top three heart of attention areas slightly continuously, is psychological health and making particular that workers fill secure entry to, and workers are given the instruments they ought to soundless be a success. And an increasing number of we’re seeing health plans also impress that funding in psychological health is a mandatory fraction of total particular person health, and making particular that you defend a wholesome population and prick health care costs downstream. And so as that’s been a real verbalize driver of the organization actually, since the merger.

Lev-Ram: Are you concerned the least bit that just a few of that pandemic generation verbalize is slowing down? Or that this isn’t going to be sticky enough? Esteem if the recession does hit if, you know, there are extra layoffs? Esteem we’ve considered? Are these packages that anyone’s slicing? Or are they sticking?

Glass: You understand, it’s silly, we weren’t particular, you know, popping out of the pandemic, what we would witness. We weren’t particular at a recessionary duration if we’d witness pullback. And I would explain, for the most fraction, at this point, we’re slightly convinced that we’re now not seeing a publish pandemic pullback as a starting point. I judge the pandemic absolutely accelerated the consciousness in the need. However publish-pandemic, we haven’t considered any form of retrenchment in need. The elevated psychological health concerns fill remained. We witness stats, cherish 90% of workers are feeling either a little bit of or very wired on a weekly foundation, we’re seeing 49% of workers feeling dread at work on a weekly foundation. So these are the roughly stats that companies are having to take care of lawful now. And in express that they’ve maintained a heart of attention on it.

Lev-Ram: I are looking to interrupt you real on the dread portion, cherish, did you secure any readability in that see on what which formula to of us? Fright is now not associated with something real, for particular. However what does that in actuality mean that folks are feeling dread at work?

Glass: Yeah, this came from our Team of workers Attitudes document. We’ve completed this now for five years working, right here’s from our 2023 see. And as we dug into it, there were three fundamental areas. One became financial instability, so being concerned about having a job and asserting that. Two became productiveness pressures, so you know, how somebody is showing up at work feeling cherish they’ve to secure a sequence of things completed. And in the event that they don’t, are they gonna lose their job, lawful? And then three is correct extra rising expectations, the level of quality that the replacement for others to roughly near in and lift these roles. I judge there’s also a a ways away ingredient in all of this as correctly. I judge there is a loneliness ingredient. I judge there might per chance be now not doubtless attending to know your colleagues as correctly even as you happen to’re now not working as closely with them. So, there’s loads of things tied up on this. And I judge we’re in the very early days of working out it. However within that is, of us are of us who’re soundless suffering. And companies are recognizing that, they customarily’ve maintained a heart of attention that psychological health is an rental they’ve to put money into. I would explain the final phrase rental we’re seeing some recessionary shift is in form of miniature to medium industry. We’re seeing that just a few of these funding choices are taking longer. We’re seeing that they’re extra targeted on return on funding, so the selections are going into the CFO’s status of job bigger than they were sooner than. So, slightly little bit of a shift there. However for the most fraction, we’ve considered a continuation of the pandemic traits of this being severe to the enterprise.

[Music starts]

Murray: Jason Girzadas, the CEO of Deloitte US, is the sponsor of this podcast and joins me as of late. Welcome, Jason.

Jason Girzadas: Thanks, Alan. It’s tall to be right here.

Murray: Jason, we dwell in an generation of disruption, know-how disruption, geopolitical disruption, workplace disruption. And it makes real predictions about what’s going to happen in due course extra hard than it has ever been. Yet the polls that we stop together, with you, indicate that nearly all industry leaders largely remain optimistic. Why stop you have confidence that is?

Girzadas: I judge optimism is a outcome of the truth that we’ve been through an extremely tumultuous three years. And so I judge industry leaders realize that they’ve constructed resiliency into their organizations. The prospect of even extra disruption isn’t as international of a thought. And I judge there’s extra self belief in their skill to adapt and to be agile. Secondarily, there’s been mountainous funding in know-how and unusual capabilities that client organizations, and executives broadly are optimistic about these increasing extra price and extra replacement. So, it’s a characteristic of what we’ve been through, as well to the investments which fill been made, that give a sense of optimism despite just a few of the headwinds.

Murray: And what’s your advice to companies which would be combating the functionality disruption in due course?

Girzadas: Smartly, disruption is the unusual customary. I don’t judge there’s any placid water on the horizon or calmness that we can predict. So, it’s a characteristic of getting accustomed to the discontinuities which would be sooner than us. Whether or now not it’s around know-how or geopolitical swap, or workplace adjustments associated with the contrivance forward for labor or the requires of the flexibility workforce, swap is the unusual customary. Which skill that, it is requiring executive teams to in point of fact keep in mind holistically at these challenges, be facile with doing scenario planning, and being searching for the keep and capitalize on disruption, versus being concerned by it, or considered as a barrier to their success.

Murray: Jason, thanks in your viewpoint, and thanks for sponsoring Leadership Next. Thanks.

[Music ends]

Lev-Ram: What stop you might per chance presumably be feeling cherish companies are getting lawful, and what are they getting coarse, about psychological health? I mean, there’s no doubt, you know, we’ve lined so many replacement initiatives and consciousness and services and products and coverage for rising coverage for psychological health. However the companies which would be getting it lawful, what are they doing?

Glass: It’s a tall question. I’d explain there are two things that the companies who’re doing actually correctly are doing, that now not all companies are doing. One is, they’re specializing in custom swap. And in express that they’re specializing in normalizing psychological health conversations. And generally, which formula they’ve executives on the organization, or of us in positions of leadership, which would be openly talking about psychological health. And that normalization is mountainous fundamental, on account of it enables all individuals in the corporate to in point of fact feel cherish they’ll elevate their hand and fragment that they might per chance presumably fill some enhance, or they might per chance presumably fill some aid. And that’s one. Two, then, is a heart of attention on prevention. I judge loads of companies are eager about how they keep sources in status to aid enhance secure entry to. They’re finding that their health plans, you know, the networks are insufficient, so of us aren’t able to hunt down therapists or, or psychiatrists that lift insurance that, you know, don’t require these mountainous out-of-pocket costs. However until you heart of attention on prevention, you’re missing an tall proportion of the population that’s quietly suffering, that you know, are either dealing with dread, on a slightly consistent foundation, or are seeing elevated stress levels that in the waste will lead to burnout until these of us are getting the instruments that they’ve to prick stress.

Lev-Ram: And it’s attention-grabbing, on account of you introduced up the a ways away component, and that, now not lower than in some cases, and for some of us, it’s contributing to considerations, lawful, and loneliness, feeling disconnected. Then on the the same time, you know, we’re seeing loads of pushback on the return-to-status of job mandates. As a CEO, your self, also, how stop you navigate that? What advice stop you give for leaders in form of, you know, balancing that? Resulting from it’ll very correctly, we’ve considered recordsdata that shows it’s real for productiveness to secure of us aid, now not lower than in some skill, it’ll even be real for his or her psychological health. And but loads of workers also care deeply about asserting some level of flexibility.

Glass: You understand, I judge you’re naming one in every of the most attention-grabbing and complex challenges of our time as leaders lawful now, lawful, the time that we’re all finding ourselves. And the predominant thing I’d explain is, there’s nobody-dimension-suits-all, you know. Each and every company, each industry has very thoroughly different wants in phrases of a ways away versus in-particular person. On one facet of the equation, there are some operations that totally require in-particular person workforces. Surgical blueprint, actually fundamental that somebody that is in-particular person, lawful? In the event you’re working a producing line, it is a ways extremely fundamental fill of us in-particular person. I judge it’s fundamental to undercover agent that it’s now not one-dimension-suits-all. I judge the 2nd thing that’s fundamental to undercover agent is, there are very real wants on either side of this. So I don’t judge there’s any doubt that there’s loneliness that’s being created, particularly for the younger populations which would be at home the total time, in a a ways away context. You understand, for hundreds of years, literally since the invention of agriculture, humanity has been making their handiest guests at work. And we are a social creature, we are a creature that wants these interactions. And so when that’s pulled a ways flung from us, there’s, unnecessary to explain, there’s going to be loneliness, lawful, unnecessary to explain, you’re going to fill of us who’re suffering. So as that’s one. And two, there’s clearly a longitudinal price to now not having in-particular person interactions at work. We’ve considered some recordsdata, both internally and externally, that shows that folks who’re now not showing up at locations of work are much less at risk of be promoted. We’ve considered recordsdata that shows (nevertheless it’s very early days and all of this) there’s loads of see that soundless desires to be completed. However there’s some recordsdata that shows that folks who’re now not getting these in particular person interactions aren’t going to progress in their careers as hasty as of us who’re. And so as that’s one in every of the spectrums that it’s particular that there’s price to in-particular person interaction, both to the person as well to to the productiveness in sure cases, lawful. However on the opposite facet of that, you absolutely fill a workforce that loves the flexibility, and in some cases wants the flexibility. In the event you might per chance presumably be a single father or mother, lawful, and also you wish with a thought to design while elevating a household. So it’s fundamental as leaders to undercover agent either side of this, and work in the direction of increasing opportunities. And serving to of us undercover agent that going to the status of job is de facto going to be treasured for you and the organization.

Lev-Ram: Ok, I are looking to position a question to you, real rapidly, real on the aggressive landscape, and obviously, as keep a question to grew, someday of the pandemic, for services and products, cherish Headspace, and Ginger, and what you guys offer, so did the sequence of apps and services and products that offer psychological health, whether it’s purely digital or now not. In gentle of this proliferation, how stop you keep in mind at what you’re providing, as you’re early on, obviously, and also you established your stamp, both of the manufacturers, but how stop you be particular you defend differentiated, that you withhold innovating, as the market has evolved slightly a lot?

Glass: Smartly, you know, first, I judge, one in every of the causes that we did the merger in the predominant status, is on account of we diagnosed that there’s an tall spectrum of psychological health need and even as you happen to measure, and also you stop a real job of working out the keep somebody is, what you undercover agent is that incessantly the status they’ve to head, whether it be real self-care, roughly mindfulness, meditation, respiratory, thoroughly different, better sleep habits, or behavioral health coaching, subclinical sources that aid of us fabricate a conception and stop an even bigger job of lifestyle swap or stop an even bigger job of managing your psychological situation, the total formula to therapy and psychiatry. Most of us don’t fill any thought what they need, most of us real know they’re now not feeling tall. And what we diagnosed became if we might per chance aid destigmatize, which is loads of what the Headspace stamp does, it real makes it easy to initiate, and we can measure and aid info of us to the lawful status, we clear up loads of the psychological health wants. Resulting from we secure of us in earlier, we secure them working out what these wants are, and we cheaply bringing them to secure entry to. So we’re solving loads of the need by bringing these items together. And what we saw became loads of point alternatives obtainable. We saw loads of thoroughly different apps and thoroughly different experiences that were selecting off very miniature ingredients of the philosophize. However on the head of the day, the trick with that, one, is that companies they’re drained of the total supplier fatigue, lawful from the total thoroughly different distributors, particularly in the pandemic. Everyone sold loads of stuff and realized that if truth be told wasn’t getting ancient and that there became real fatigue there. However secondly, if somebody doesn’t know what they need, it’s very hard to kind through the hundreds of thoroughly different apps and experiences and things which would be being constructed. And we actually wished to lift that on, we wished to aid of us impress and then present the lion’s fragment of enhance that they might per chance presumably fill. And that’s why we are asserting, you know, we actually judge Headspace is the most comprehensive psychological health platform obtainable lawful now on account of we introduced these items together in a formula that is real much less friction stuffed for somebody to secure entry to.

Lev-Ram: Ok, and one extra question extra on the private facet for you, I do know you might per chance presumably be now not the Buddhist monk on the corporate that became the founder. However you seem slightly grounded, and, you know, balanced and a bit Zen. So I’m wondering, what advice stop you’ve for busy leaders who fill to prick out that point? And what stop you stop individually, to make particular you’re taking care of your self? And that you can’t real explain Headspace!

Glass: No, I promise, I received’t! However I will explain that, you know, as soon as I supplied my ultimate company, that became an organization that I supplied to LinkedIn, and I had real had my third child, and I received into the unusual company, and I became, I became struggling. I wasn’t sleeping correctly, I had an toddler at home, I became combating some imposter syndrome. I went from a couple 100-particular person company to a 6,000-particular person company. I had by no formula labored at any status that tall. And I actually didn’t know if I became decrease out for it. I mean, I began to doubt myself. And Jeff Weiner, the then CEO, introduced Andy Puddicombe, the CEO of Headspace, in to discuss over with LinkedIn, as an organization. And I downloaded the app someday of the discuss. And I started doing meditation note. And it’s silly, cherish it didn’t stop something in the predominant week, it didn’t stop something for two weeks, but I became dedicated to it reason I’d heard tall things about it, and I’d heard Andy discuss and all that real stuff. In the third week, I became in a assembly. And all of a surprising it clicked, this comment that became made that can fill resulted in my fright, would fill resulted in my stress response. I celebrated it. And I real roughly let it stride. It hit me what mindfulness is all about. It’s now not about altering something about, you know, the world. Feelings soundless happen, fright soundless occurs, nevertheless it’s about your response to it, it’s about having the flexibility to undercover agent it, let it stride, and fill a thoroughly different response to those triggers and fill a thoroughly different response to those anxieties. And that has been a game changer for me, now not handiest from a leadership standpoint, but from a martial standpoint, from being a father standpoint. So as that is mandatory. I would explain just a few other things, even though. One is sleep. I secure now not lower than seven hours of sleep. And if I don’t, I actually feel it. I don’t fill the endurance, I don’t fill the flexibility to administer the U.S. of americaand downs that happen In an atmosphere cherish this, without real sleep. I stop a actually real job of taking breaks. Regarded as among the things I’ve completed for years is block Friday afternoons, the keep I don’t lift any conferences. And I exhaust that point to catch up. And I do know for the length of the week, it helps my psychological health on account of even on Wednesday, if I’m real slammed, I do know I fill that block increasing, so I don’t secure as wired in the 2nd, I fill that Friday afternoon. If I secure to Friday afternoon, and I’m feeling slightly real about the weekend, and I’m going to be newest with my household on account of I don’t fill noteworthy catching up to total, I’d stop something for myself that afternoon. I’d stride play golf, I’d stride on a hike, or something cherish that. I are trying and total that for the length of the week. I fill very conscious schedules, so as that I will stretch, half my one on ones I stop outdoors so I will stroll. So these items that allow me to embody, you know, physical and psychological health for the length of the week to allow me to defend sustainable and never burn myself out in what is, as I’m particular you’ve heard, a actually complex time to be a stir-setter.

Lev-Ram: And Headspace, lawful?

Glass: And Headspace, that’s lawful.

Lev-Ram: Smartly, I cherish ending on real some tactical takeaways. So thanks so noteworthy for becoming a member of us, Russ, and sharing with us about Headspace and leadership on this actually soundless slightly crazy time. Devour it.

Glass: Devour you, Michal, taking the time.

[Music starts]

Leadership Next is edited and produced by Alexis Haut. Our theme is by Jason Snell. Our executive producer is Megan Arnold. Leadership Next is a product of Fortune Media.

Leadership Next episodes are produced by Fortune‘s editorial crew. The views and opinions expressed by podcast audio system and company are thoroughly their fill and stop now not replicate the opinions of Deloitte or its personnel. Nor does Deloitte recommend or endorse any individuals or entities featured on the episodes.

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Why Entrepreneurs Need a Growth-Focused Community for Success

Entrepreneurship can be an isolating journey. Many entrepreneurs start with dreams of financial freedom and a fulfilling lifestyle but find themselves overwhelmed by the challenges of running a business. This is where an entrepreneurial community becomes invaluable. Being part of a group that shares your vision for growth can significantly accelerate your progress. Communities like Platinum ELEVATED, for example, offer an environment where ambitious entrepreneurs can connect, learn, and thrive together.

The Power of a Community: Grow Beyond Your Limits

When you surround yourself with like-minded entrepreneurs, you gain access to insights, strategies, and a support system that’s hard to find elsewhere. In a growth-oriented community, members share knowledge, resources, and real-world experiences that can help you avoid common pitfalls and take more direct paths to success.

Moreover, these communities are built around accountability, one of the most critical factors in maintaining focus and achieving consistent growth. With regular check-ins and peer support, entrepreneurs are more likely to stay committed to their goals and overcome challenges effectively.

Achieving Freedom in Both Life and Business

One of the biggest draws of entrepreneurship is the promise of freedom. However, many entrepreneurs struggle to achieve this due to constant demands on their time and energy. A supportive community can change that. By learning from others who have found ways to balance business success with personal fulfillment, you can develop strategies for achieving true freedom.

Joining a community like Platinum ELEVATED can be transformative. Their structured approach combines personal coaching, mentorship, and group sessions, all of which can help entrepreneurs not only grow their businesses but also reclaim their time, focus on family, and enjoy a balanced lifestyle.

Practical Tips for Finding the Right Community for Your Entrepreneurship Journey

Finding the right community for your entrepreneurship goals requires careful consideration. Here are a few tips to help you make an informed choice:

Look for a Community That Matches Your Values – Make sure the group aligns with your vision for both business growth and personal lifestyle goals.
Consider the Expertise Available – Communities led by experienced entrepreneurs, like Chad Willardson’s Platinum ELEVATED, offer a wealth of knowledge and insights that can fast-track your success.
Assess the Support Structure – Choose a community that offers ongoing support, accountability, and practical resources to help you achieve real growth.

How Entrepreneurs Can Unlock Growth, Freedom, and a Balanced Lifestyle through the Right Community

Unlocking Growth, Freedom, and Lifestyle Balance Through Entrepreneurship

In summary, joining a supportive, growth-oriented community can help entrepreneurs achieve their vision of success, freedom, and a balanced lifestyle. By tapping into the power of collective wisdom, practical support, and accountability, you can elevate your business and your personal life in ways that might not be possible on your own.

The journey to entrepreneurial success is never easy, but with the right community by your side, you can enjoy the growth, freedom, and lifestyle balance that every entrepreneur dreams of.

Business

The Rise of Wellness: A Trillion-Dollar Industry Transforms Health and Work Cultures

Published

2 weeks ago

November 6, 2024

Sahil Sachdeva

In today’s world, the global wellness industry has reached an astonishing milestone, with a market valuation of $6.32 trillion in 2023. This expanding industry now outpaces pharmaceuticals and sports, highlighting a significant shift in consumer priorities toward holistic health. The wellness market growth covers various sectors, including personal care, beauty, weight loss, nutrition, and even wellness real estate, showcasing an increased focus on mental and physical well-being in daily life.

The Wellness Boom: A Post-Pandemic Priority

Following the pandemic, individuals have become more health-conscious, leading to a surge in demand across wellness sectors, especially in personal care and nutrition. This post-pandemic wellness trend underscores the heightened importance people place on preventive health and self-care, resulting in a robust rebound for the wellness industry after the temporary setbacks experienced during COVID-19. North America, known for its higher expenditure in wellness, remains at the forefront of wellness market spending, emphasizing regional differences in health-related investments.

Corporate Wellness: Investing in Employee Well-Being

The corporate wellness market is also expected to witness considerable expansion by 2032 as companies increasingly recognize the value of prioritizing employee health. Employers are investing in wellness initiatives—like mental health resources, fitness programs, and wellness retreats—to foster a happier, healthier workforce. This evolution in workplace culture signals a new era where corporate wellness programs are as essential as traditional benefits, underscoring the strong connection between well-being and productivity.

Hybrid Work and Remote Job Satisfaction

The rise of hybrid work productivity is another trend reshaping the wellness industry. Research shows that employees working in a hybrid model report similar productivity levels to in-office employees while experiencing higher job satisfaction. Many credit this satisfaction to the flexible balance between work and personal life that hybrid work enables. Reflecting the quirks of remote work, Kevin O’Leary recently commented on the “business on top, casual on the bottom” fashion trend during a television appearance, capturing the essence of remote work culture.

Tech Innovations: Smart Glasses and Health Monitoring

In the tech world, wellness trends are influencing the development of new devices. Following Meta’s success with its recent launches, Apple is now considering entering the smart glasses market. With wearable technology already playing a pivotal role in health tracking, Apple’s potential entry could further revolutionize how people engage with their well-being.

Surprising Shifts in Wealth and Health Culture

A recent analysis also uncovered that the wealthiest U.S. city is not in New York or California, reflecting new demographic trends in wealth and wellness priorities across regions. This unexpected shift further emphasizes how health and wellness are spreading beyond traditional high-income areas, with other regions leading in wellness-oriented lifestyles and investments.

Wellness

Wellness Industry Trends: The Future Outlook

The future of the wellness industry points to sustained growth across various areas, from corporate wellness to advanced personal care solutions. Companies are likely to increase their investment in wellness programs, creating a more supportive workplace culture focused on employee well-being. As health and wellness industry trends continue to evolve, the industry’s growth will likely see further expansion into wellness tourism, sustainable health products, and more personalized wellness solutions.

This remarkable rise of the global wellness industry exemplifies the shift in modern values, with a focus on health, fulfillment, and a balanced lifestyle. The wellness sector’s continued growth signals a bright future where personal well-being takes center stage in both our personal and professional lives.

Entrepreneurs

Nvidia Set to Replace Intel in the Dow Jones Industrial Average: A New Era in Semiconductors

Published

2 weeks ago

November 4, 2024

Sahil Sachdeva

In a groundbreaking shift within the Dow Jones Industrial Average, Nvidia is set to replace Intel, marking a significant transformation in the semiconductor industry. This transition reflects the soaring prominence of artificial intelligence (AI) and the evolving landscape of technology.

Nvidia’s Meteoric Rise

Nvidia has enjoyed a remarkable year, with its shares skyrocketing more than 170% in 2024, building on a staggering 240% increase the previous year. As a result, the company’s market capitalization has ballooned to $3.3 trillion, positioning it as the second-largest publicly traded company, just behind Apple. The rapid ascent is fueled by surging demand for Nvidia’s graphics processing units (GPUs), especially among tech giants like Microsoft, Meta, Google, and Amazon, which are purchasing Nvidia’s H100 GPUs in vast quantities to bolster their AI capabilities.

With revenue more than doubling over the past five quarters—tripling in three of those periods—Nvidia has become a focal point in the tech sector. The company recently indicated that demand for its next-generation AI GPU, known as Blackwell, is “insane,” further highlighting its pivotal role in the AI revolution.

Intel’s Decline

In stark contrast, Intel has faced a challenging year, with shares plummeting over 50% as the company struggles to maintain its once-unassailable market position in the face of mounting competition from Advanced Micro Devices (AMD) and others. Long recognized as a leader in PC chip manufacturing, Intel has fallen behind in the AI race, failing to make substantial advancements in this burgeoning sector.

Recent filings from Intel revealed plans for significant restructuring, including a reduction of its workforce by 16,500 employees and a contraction of its real estate footprint. These measures, initially announced in August, underscore the company’s ongoing battle with manufacturing challenges and its struggle to regain competitiveness.

A Strategic Shift in the Dow Jones Industrial Average

The switch, set to take effect on November 8, is not only a pivotal moment for Nvidia and Intel but also highlights broader trends within the Dow Jones Industrial Average, which comprises 30 components weighted by the share price of individual stocks. With Nvidia’s entry, four of the six trillion-dollar tech companies—Nvidia, Apple, Microsoft, and Amazon—will now be represented in the index, with Alphabet and Meta remaining outside its ranks.

The decision to include Nvidia follows its strategic move earlier this year to execute a 10-for-1 stock split. While this maneuver did not affect its overall market capitalization, it effectively lowered the price of each share, facilitating the company’s inclusion in the Dow Jones Industrial Average without overly skewing the index.

This change is particularly noteworthy as it represents the first adjustment to the index since February, when Amazon replaced Walgreens Boots Alliance. Over the years, the Dow Jones Industrial Average has sought to enhance its representation of the largest and most influential technology companies, adapting to a rapidly evolving market landscape.

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As Nvidia replaces Intel in the Dow Jones Industrial Average, it signals a transformative moment in the semiconductor industry. The rise of AI has not only reshaped the fortunes of these two companies but also indicates a broader shift in the technological landscape, with Nvidia poised to lead the charge into the future. This transition not only reflects the dynamics of competition in the tech sector but also serves as a bellwether for the ongoing evolution of industries driven by innovation and technological advancement.

Business

How to Discover Winning Startup Ideas in 5 Simple Steps?

Published

3 weeks ago

October 29, 2024

Sahil Sachdeva

Finding a great startup idea can be challenging, especially since many entrepreneurs start with an idea that sounds exciting but lacks real impact. As Y Combinator co-founder Paul Graham warns, focusing solely on coming up with an idea often leads to plausible-sounding but ultimately weak concepts. Instead, a structured approach to uncovering viable opportunities is crucial.

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Here’s a 5-step guide to help you discover startup ideas that are worth your time and effort:

1. Spot and Solve Everyday Work Challenges

One of the most effective ways to uncover meaningful startup ideas is by identifying problems in your day-to-day work life. Small inefficiencies, recurring challenges, or time-consuming tasks often hide valuable opportunities. When you spot these inconveniences and seek to solve them, you’re likely to find ideas that have immediate relevance and clear value for potential users.

Start by making a habit of noting process inefficiencies or areas for improvement in your job or industry. Over time, you may spot patterns, revealing specific areas where your solution could grow into a viable business.

2. Dive Into Niche Markets for Unique Opportunities

Niche markets are often gold mines for startup ideas. These specialized markets, often overlooked by larger companies, are underserved, which means there’s space for innovative solutions. By focusing on a particular niche, you not only narrow down your audience but also tap into a community with specific challenges and needs.

For example, pet technology has emerged as a growing niche market, with products like GPS-enabled collars and health-tracking apps designed for pets. According to the American Pet Products Association, Americans spent over $100 billion on their pets last year, showcasing the revenue potential even within a smaller segment. Exploring niche markets can help you discover startup ideas with clear demand and less competition.

3. Leverage Emerging Trends to Uncover Ideas

Keeping an eye on trends, both technological and societal, gives you a glimpse of potential needs on the horizon. Following these trends allows you to anticipate shifts in demand and behavior, positioning you to address these needs early.

For example, the rise of remote work during the COVID-19 pandemic drove demand for tools like Zoom, Slack, and Asana, which catered to distributed teams. Today, emerging trends like artificial intelligence, renewable energy, and the gig economy are creating new opportunities. Analyze these trends to identify what people are likely to need in the future and shape your business around these insights.

4. Connect With Users Early On

Direct engagement with potential users is invaluable when identifying and validating startup ideas. Joining online communities, social media groups, or industry forums helps you understand real frustrations and challenges that users face, often revealing insights that typical market research might miss.

By actively listening and engaging with users, you can shape your idea to better align with their needs. This approach not only strengthens idea validation but also helps in building an early user base that’s invested in your project.

5. Quickly Test and Validate Your Ideas

Validation is crucial for any startup, and adopting a “fail fast” approach is the best way to ensure your idea has genuine potential. Rather than investing heavily in a full product, start with a Minimum Viable Product (MVP) or prototype to test your concept with real users.

Dropbox famously did this by releasing a simple explainer video to gauge interest before fully developing the product. Using platforms like online surveys, landing pages, and basic prototypes can help you measure initial interest. If feedback is underwhelming, pivoting early allows you to adjust your idea to better fit the market.

Wrapping Up: A Clear Path to Startup Success

Uncovering a valuable startup idea is more than just a spark of inspiration. It involves a strategic approach where you tackle real problems, explore niche markets, stay updated on trends, connect with users, and validate ideas quickly. By following these steps, you increase your chances of finding an idea that has solid potential and a path to success.

For entrepreneurs ready to take on this journey, start by observing, testing, and refining your ideas with a structured approach that can lead to a winning startup.

Entrepreneurs

Ambarish Nag Unveils His Most Personal Track Yet: ‘Every Step of the Way’—A Journey of Love and Vulnerability

Published

3 months ago

September 4, 2024

Sahil Sachdeva

Mumbai-based musician Ambarish Nag has once again captivated audiences with his latest single, ‘Every Step of the Way,’ which was released on August 30th, 2024, across online platforms. This new track is not just another addition to his discography; it is a deeply personal exploration of vulnerability and the universal longing for connection.

Ambarish’s journey through music has always been about bridging gaps—both cultural and emotional. With his debut album last year, he skillfully blended Eastern and Western influences, crafting a sound that resonates across borders. This unique fusion has not only defined his style but also cemented his reputation as a visionary artist in the music industry.

However, the road to artistic fulfilment is often complex. Since launching his debut single in July 2019, Ambarish has steadily built his name, with each new release in 2020, 2021, and 2022 bringing him closer to his aspirations. His first full album in 2023 marked the culmination of years of relentless effort and creative growth, earning widespread acclaim for his ability to forge deep connections with listeners.

The creation of ‘Every Step of the Way’ came with its challenges. After writing the lyrics and beginning the recording process last September, Ambarish took a six-month hiatus—a necessary period of introspection that allowed him to delve deeper into the emotions fueling his most intimate work to date.

At the heart of ‘Every Step of the Way’ lies a powerful message: the courage to embrace love and conquer the fears that often accompany intimacy. Ambarish’s exploration of the complexities of human relationships offers a narrative that resonates with many, reflecting his growth as an artist and as a person willing to share his vulnerabilities with the world.

Ambarish’s journey is one of resilience and perseverance, guided by his belief in the power of persistence—a belief encapsulated in his favourite Steve Harvey quote: “If you quit, there’s no doubt it will never happen.” Through his music and his story, he aims to inspire others to push through their challenges.

With the release of ‘Every Step of the Way,’ Ambarish remains focused on the future, eager to continue his creative journey and embrace new opportunities. Each step he takes is a testament to his commitment to bridging cultures and creating enduring connections through his music.

Ultimately, ‘Every Step of the Way’ is more than just a song; it is a reflection of Ambarish Nag’s ongoing journey as an artist and a human being. As he continues to break down barriers between Eastern and Western musical styles, Ambarish is driven by a relentless passion for his craft, always striving to be the hardest-working person in any room. This latest single is yet another chapter in his inspiring story of dedication and artistic vision.

Entrepreneurs

Designing a Life You Love: A Journey of Transformation with Dr. Anu B

Published

3 months ago

September 3, 2024

Sahil Sachdeva

You feel stuck. You feel trapped. You’re working a dead-end job. You have zero motivation and you don’t see how you can make a change and get out of that slump. I’m sure some of you may have found yourselves in a similar situation at some point. Instead of getting overwhelmed, Dr. Anu B. encourages you to dare to reimagine a life that truly excites and fulfills you. “Imagine approaching life with the mindset of a designer. Begin to ask bold questions like, What if I could design a life that truly excites me? or How would my world change if I could create something entirely new and fulfilling?”. “By embracing this approach, you open the door to a life of possibilities that you might have never imagined “she explains.

Dr. Anu’s illustrious career spans over two decades, highlighted by exceptional achievements in both education and industry. With a Doctorate in Engineering, she has built a reputation for profound technical expertise and visionary leadership, earning accolades such as the Business Excellence HR Future Leader Award and the Guru Shiromani Award for 2022-23.

Yet, amidst her professional success, Dr. Anu confronted a startling realization: despite her accomplishments, there was a profound disconnect between her external achievements and her inner sense of fulfillment. She discovered that many high-achievers, herself included, grapple with feelings of anxiety and discontent, drifting through lives they hadn’t consciously designed.

This revelation ignited a transformative journey for Dr. Anu. Driven by the need for a deeper purpose, she sought out the “Designing Your Life” (DYL) program at Stanford University, created by Bill Burnett and Dave Evans. The program’s core idea—that we can intentionally craft our lives like any other project—resonated deeply with her, sparking a profound personal transformation.

Embracing this new perspective, Dr. Anu transitioned her focus to life coaching. As a certified Designing Your Life Coach, she now dedicates herself to guiding high-performing individuals, including senior executives and leaders, in designing lives that truly align with their deepest values and aspirations. Her journey from a successful career to a passionate advocate for intentional living serves as a powerful testament to the possibility of crafting a life filled with genuine joy and purpose. Her coaching practice has empowered countless people worldwide to break free from anxiety and design lives that thrive with purpose and joy.

Redefining Success Through Life Design

Dr. Anu’s philosophy centers around the idea that success is not just about achievements but about ‘ Becoming’ the person you were meant to be. She always encourages people to view their lives as their most significant project—one they have the power to shape intentionally.

At a recent panel discussion on ‘The Entrepreneurial Mindset,’ alongside leaders like Rohit Gupta, COO & Co-Founder of College Vidya, and Renuka, Founder & CEO of Indo Nippon Enterprises Pvt. Ltd., Dr. Anu captivated the audience with her powerful insights on overcoming anxiety and creating a fulfilling life.

Her work has garnered significant recognition, being named among the Top International Life Coaches and frequently invited as a speaker to talk about mental health, work-life balance, career redesign, and the importance of designing a life written by you—not for you. She has shared her insights on various platforms, and international forums like I’m a Story covered by television media and the Indian Alert’s “50 Entrepreneurs of the Year” event.

Empowering Change: From Burnout to Happiness

Dr. Anu’s unique blend of technical acumen, human empathy, and coaching expertise sets her apart in the world of life coaching. She doesn’t just offer coping strategies; she provides actionable, life-changing techniques that have proven effective in her own life and in the lives of her clients.

Her coaching programs incorporate proven techniques like reframing, prototyping, and mind-mapping to help clients build their way forward, step-by-step, towards a life that is not just lived but is a masterpiece of their own making. She supports clients through career transitions, personal setbacks, and life redesigns, empowering them to take radical responsibility for their happiness and fulfillment.

In addition to her coaching practice, Dr. Anu co-founded BlissfulDrapes, an Indian ethnic fashion brand. However, this venture is more than just a business; it is a means to give back. The profits from BlissfulDrapes fund Designing Your Life programs for young girls, and single mothers in India, helping them achieve financial independence and personal fulfilment. Through this initiative, Dr. Anu demonstrates her commitment to empowering others not just in words, but through action.

A Vision for the Future: Creating 10,000 Opportunities

Looking ahead, Dr. Anu’s vision is to create 10,000 opportunities for people to design a life where they can thrive. Her journey from academia to international life coaching, her achievements like the Indian Legacy Award 2021, and her commitment to making a meaningful impact all serve as a testament to the power of life design.

Designing Your Destiny: Are You Ready?

Dr. Anu B is not just a life coach—she is a guide for those ready to take the reins of their own lives. She invites you to awaken to the incredible potential that lies in designing your own life. Are you ready to discover how powerful and exhilarating life can be when you start designing your destiny?

In the words of Dr. Anu, “Don’t just live—design a life you love.”

If you’re feeling stuck or seeking to realign your life with your deepest values and aspirations, Dr. Anu invites you to explore this journey with her.

Visit her website at http://www.anubinny.com/ or email her at dranubinny@gmail.com to schedule a clarity call.

Entrepreneurs

SHIKSHIT BHARAT SANKALP HUMARA VISION OF BANSHI VALLABH MISHRA

Published

4 months ago

August 8, 2024

Sahil Sachdeva

Banshi Vallabh Mishra, a dynamic and visionary second-generation entrepreneur based in Delhi, spearheads a transformative movement in the education sector. With over five years of experience across diverse fields such as real estate, education, export manufacturing, and information technology, Mishra’s journey is marked by his unwavering commitment to social upliftment and educational excellence.

Banshi Vallabh Mishra, Director of Operations; has been associated with the RISHI GROUP OF EDUCATIONAL INSTITUTIONS comprising a School, a Vocational College, an Institute, and a Digital Learning Centre since its inception.

The Rishi Group’s business model focuses on delivering an education that is not only comprehensive but also inclusive, catering to the diverse needs of students. The group’s commitment to inclusivity and holistic education sets it apart from its peers, ensuring that every child has the opportunity to grow and succeed.

His vision extends to the Rishi Group of Educational Institutions, committed to a career-oriented educational project with a holistic and inclusive approach. This includes integrating AI, robotics, skills training, vocational education, and digital learning into the curriculum.

In the education space, he has also co-founded the Education First an ed-tech venture aimed at leveraging technology to provide world-class education at the grassroots. MOOCs on Introduction to Family Engagement in Education by Harvard University. MOOCs on The Future of Work: Preparing For Disruption by World Bank Group.

Banshi Vallabh Mishra’s entrepreneurial journey began under the aegis of the Conscient Group, where he provided strategic direction to various entities. His passion for education led him to co-found Education First, an ed-tech venture to leverage technology to provide world-class education at the grassroots level. This initiative reflects his belief that “One child, one teacher, one book, one pen can change the world.”

Despite the challenges posed by the recession, His initiatives have grown tremendously, transitioning from offline to online platforms to continue delivering quality education. His resilience and adaptability have been crucial in navigating these turbulent times, ensuring that education remains accessible to all.

Banshi Vallabh Mishra’s life lesson, “Together may we give our children the roots to grow and the wings to fly,” encapsulates his dedication to empowering the next generation. By providing strategic direction and innovative solutions, he hopes to inspire others to contribute to the betterment of society through education.

Looking ahead, he aims to build an education system that meets the highest global standards while being deeply rooted in Indian culture and ethos. His vision is to create a vibrant, knowledgeable society by ensuring higher quality education for all, ultimately making India a “Global Knowledge Super Power.”

Through initiatives like SHIKSHIT BHARAT SANKALP HUMARA, he is not just dreaming of a better future but actively working towards it. His efforts in education are a testament to his belief that holistic and inclusive education is the key to a brighter tomorrow.

In conclusion, a thorough professional with rich, in-depth, and extensive experience in the educational arena, a distinguished gentleman with deep-rooted values and ethics, a culturally inclined individual, with an admirable sense of social responsibility and is progressive in thought- Banshi Vallabh Mishra carries the Rishi Group of Educational Institutions legacy.

Entrepreneurs

The Creative Orbit: A New Approach to Performance Marketing

Published

4 months ago

August 5, 2024

Sahil Sachdeva

Shanaya Fernandes, the visionary founder of The Creative Orbit, has always been driven by an entrepreneurial spirit. She is a former student of St. Xavier’s College, where she diligently completed her junior college education. She later embarked on a new academic journey, pursuing a double degree, including a BBA, while paying for her education through freelance work. This experience showed her determination from an early age.

After graduating, Shanaya joined Sony Music Entertainment, where she worked for two years. While supporting her family, she also dreamed of starting her own business. During her time at Sony, she began to teach herself digital marketing, realizing how powerful it could be in achieving her goals.

At just 24 years old, she launched The Creative Orbit, which stands out in the crowded marketing world by offering complete solutions for performance marketing. Unlike many agencies that just run ads, The Creative Orbit takes a comprehensive approach to help businesses generate leads and convert them into paying customers. With a dedicated sales team, clients don’t have to worry about following up on leads themselves.

Shanaya’s entrepreneurial journey hasn’t been easy. Along with her partner Omkar, she spent countless hours studying, experimenting, and overcoming rejections. By focusing on solving real problems for clients, they built a brand that truly addresses the challenges businesses face in converting leads.

The Creative Orbit’s end-to-end service helps businesses grow without the usual stress of marketing. They manage everything from running ads to converting leads into customers, providing a smooth experience for their clients. This approach has allowed them to work with well-known figures like India’s biggest casting director, Mukesh Chhabra, and many international brands

Shanaya believes in the power of a positive mindset. She encourages others to ask, “How can I do it?” instead of saying, “I can’t do this.” Her journey highlights the importance of being flexible, learning from experiences, and pushing through challenges.

In addition to her work, Shanaya is a running enthusiast and has even completed a marathon. She hopes to inspire others and plans to integrate AI into her agency’s services to enhance their offerings. Excited about working with various D2C brands, she looks forward to meeting more entrepreneurs and learning from their experiences.

Shanaya’s story and The Creative Orbit’s success remind us that with determination, adaptability, and a focus on solving real problems, businesses can thrive and make a significant impact in their industries.