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Ask the Entrepreneurs: 11 Noteworthy Businesses Monetizing the Shared Economy

Ask the Entrepreneurs: 11 Noteworthy Businesses Monetizing the Shared Economy

Ask The Entrepreneurs is a regular series where members of those involved in the Young Entrepreneur Council are asked a single question that aims to help Lifehack readers level up their own lives, whether in a area of management, communication, business or life in general.

Here’s the question posed in this edition of Ask The Entrepreneurs:

Shared economy is big business. Name one sharing service that’s catching a buzz among your fellow business owners for making life easier.

1. SittingAround for Mompreneurs

    Babysitting coops is a concept that many mompreneurs find interesting in the early stages of startup when you can’t justify paying a babysitter or nanny, but you also can’t justify not. Sharing the responsibility with other trusted parents is a great way to work around the expense of childcare while building your business. Services like SittingAround makes it easier to manage!

    Jennifer Donogh, Young Female Entrepreneurs

    2. Soar With SurfAir

      SurfAir

      is getting a lot of buzz, despite not having launched or owning any planes yet. The concept is simple — “all you can fly” short-haul routes on small, private planes for a flat monthly fee, without all the hassles of big airports or the TSA. I’m hoping they succeed; it’s a great and very disruptive idea.
      Matt Mickiewicz, Flippa and 99designs

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      3. Exec Offers Assistant

        Exec

        , a new startup, allows you to hire an assistant for $25 per hour. A few of my startup friends use the service when they need to quickly increase temporary staff (i.e. during a big sales day). Another uses Exec staff to run personal errands, thereby freeing up the entrepreneur’s time to run her business. Sharing an hourly assistant provides incredible flexibility for startups.

        Aaron Schwartz, Modify Watches

        4. Carpool Through Ridejoy

          Collaborative consumption meets carpooling with Ridejoy, an awesome service that helps you find and share rides with friendly people across the country. Sounds scary, maybe, but it disrupts a market that too many people trust to Craigslist and opens up an entirely new one.

          Derek Flanzraich, Greatist

          5. TaskRabbit Gets It Done

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            TaskRabbit

            , the site that helps you get tasks done efficiently, is part of the collaborative consumption economy. Anyone can post a task that needs completion, and other people on the platform can bid to complete the task. Whether someone needs a courier, an editor, or someone to help set up IKEA furniture for the office, TaskRabbit is used a lot by business owners.

            Doreen Bloch, Poshly Inc.

            6. Overnight With Airbnb

              Business owners today are more mobile than ever, and sometimes we feel like we don’t have a home when going from hotel to hotel. Airbnb still allows us to stay in a home in the cities we’re traveling to and do it for rates that often trump the best deals you can get in a hotel. In the next few months, I’ll be in NYC a lot, and I’ll use Airbnb and the reviews there to locate where I’ll stay.

              Shaun King, HopeMob

              7. Coworking With Regus

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                Shared office space is great for small business owners who don’t have the money for an actual office, or for those who simply don’t need one. I used a shared space via Regus for several meetings with local clients. Also, sharing office space can provide you with a professional network, as you work side-by-side with like-minded individuals.

                Andrew Schrage, Money Crashers Personal Finance

                8. Settle Down via DeskWanted

                  DeskWanted

                  helps you find coworking spaces all around the world, which is fantastic for us entrepreneurs who are always en route. It helps you find coworking spaces that you can work at for the day, or meeting spaces to meet with clients or partners in the city you’re in.

                  Natalie MacNeil, She Takes on the World

                  9. Drive Anywhere Wtih Zipcar

                    Owning a car can be expensive for an entrepreneur trying to save money and stay lean. With Zipcar, I don’t have to worry about parking, gas, insurance, or maintenance! I can get to all my meetings and save money!

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                    Bhavin Parikh, Magoosh Test Prep

                    10. SnapGoods for Gadgets

                      SnapGoods

                      allows you to easy and safely rent/borrow gear or gadgets for as short as a day. It’s a great way to try out a product before buying it or rent a bike for the day.

                      Josh Weiss, Bluegala

                      11. Hire Help Through Zirtual

                        My Zirtual assistant saves me a ton of time each day. Given the excess demand for the service, you can’t sign up unless a current client invites you. If you message me, I’ll gladly help!

                        Kevon Saber, Fig

                         

                        (Photo credit: US Dollars with Coins in Front via Shutterstock)

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                        9 No-Brainer Ways to Track Employee Time Ask the Entrepreneurs: 12 Things Entrepreneurs Should Stop Doing Ask the Entrepreneurs: 9 Best Note Taking Tools Ask the Entrepreneurs: 12 Tips for Mastering Public Speaking Ask the Entrepreneurs: 9 Tasks You Should be Outsourcing

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                        Last Updated on June 25, 2019

                        5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

                        5 Books You Must Read if You Want to Be a Millionaire in Your 20’s

                        Millionaires and billionaires read more than you think. In fact, the likes of Warren Buffet are said to read 1.000 pages a day. As the old saying goes “There’s no smoke without fire”; so, start off with these 5 incredible books!

                        1. The 48 Laws of Power

                        48-laws-of-power

                          “If you are unsure of a course of action, do not attempt it. Your doubts and hesitations will infect your execution. Timidity is dangerous: Better to enter with boldness. Any mistakes you commit through audacity are easily corrected with more audacity. Everyone admires the bold; no one honors the timid.”

                          On your journey to becoming a millionaire in your 20’s, there will be many people trying to manipulate you into doing what they want. This international bestseller by Robert Greene is the widely read by those in the entertainment industry because of its dog-eat-dog environment. This book is a must-read for anybody who wants to claim power and keep it. it’s a fun read that tells the story of some of the most powerful people in history.

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                          An example of a law of power is: Always say less than necessary.

                          • When trying to impress, the more you say the more common you look and less in control.
                          • Be vague.
                          • Powerful people impress and intimidate by saying less.

                          2. Influence: The Psychology of Persuasion

                          influence-the-psychology-of-persuasion

                            “Often we don’t realize that our attitude toward something has been influenced by the number of times we have been exposed to it in the past.”

                            This book explains the core strategies people use to influence others using real world examples. Robert Cialdini’s book goes over human quirks like the need to be consistent, and how you can use that in your marketing strategy to make more money. “People’s ability to understand the factors that affect their behaviour is surprisingly poor,” Cialdini says, “which leads to people making poor decisions without realising why.”

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                            Cialdini includes real world examples of why people join cults, buy certain jewellery, or give to charity.

                            3. Blue Ocean Strategy

                            blue-ocean-strategy

                              “Value innovation is the cornerstone of blue ocean strategy. We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space. Value innovation places equal emphasis on value.”

                              This book argues that leading companies don’t succeed by battling competitors in “Red Oceans”, but by creating “Blue Oceans” where they have uncontested market space to grow. It goes over case studies like “Cirque Du Soleil” who created a blue ocean by creating a circus platform that didn’t include animals or more than one act on at once but instead, decided to focus on talented performers and music who created a mystical storyline.

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                              4. The Fountainhead

                              the-fountainhead

                                “A man’s spirit is himself. That entity which is his consciousness. To think, to feel, to judge, to act are functions of the ego.”

                                The Fountainhead takes place in the United States, mostly in New York City, during the 1920s and 1930s. Billionaire Mark Cuban named his yacht “Fountainhead” after this book. This classic novel is about the struggles of an innovative architect named Howard Roark and his effort to achieve success on his own terms. Many entrepreneurs are inspired by this book because it depicts how you should be uncompromising when it comes to your vision and your goals. If you follow this way of life, you develop the ability to change the world and creating something unique.

                                5. The Compound Effect

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                                the-compound-effect

                                  “Do you know how the casinos make so much money in Vegas? Because they track every table, every winner, every hour. Why do Olympic trainers get paid top dollar? Because they track every workout, every calorie, and every micronutrient for their athletes. All winners are trackers.”

                                  This book is by Darren Hardy the CEO of Success Magazine, he goes over how it’s the small, seemingly insignificant choices that compound to create success or failure over time. No one has a plan to be broke and fat but that’s what happens when you don’t have a plan and go along the path of least resistance. Hardy argues that you cannot improve something until you measure it and to always take 100 percent responsibility for everything that happens to you.

                                  So, those are five books you must read if you want to give it a try to become a millionaire in your 20’s. What are the best books you have ever read? Leave a comment and share these life-changing books with your friends to help them become successful like you.

                                  Featured photo credit: Bill Gates Foundation via businessinsider.com

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