Learn With Jermaine—Subscribe Now!
I share what I learn each day about entrepreneurship—from a biography or my own experience. Always a 2-min read or less.
An Atlanta Real Estate Agent’s Perspective
I caught up with a friend who’s been a real estate agent in Atlanta for over fifteen years. She shared some of the things she’s seeing.
- A steady flow of out-of-state buyers are visiting Atlanta on weekends specifically to look for homes.
- A large percentage of the offers she receives for her listings are from out-of-state buyers.
- She sold a house within the last twelve months to an out-of-state buyer who paid all cash.
- Single-family homes priced below $450,000 are generating multiple offers and regularly selling for over ask with extremely seller-friendly terms.
- Demand for entry-level housing is massive, but there’s very little supply. This problem is likely to persist.
It was interesting to hear my friend’s firsthand perspective. Atlanta is an amazing city, and lots of people are moving here from other states. As it continues to attract more people, my friend will continue to observe the same things.
Affordability and quality of life are big parts of what makes Atlanta a desirable place—a place that people want to put down roots in and call home. Housing is key to both. I’ll continue to keep a pulse on the Atlanta market.
Weekly Reflection: Week Seventy-Nine
Today marks the end of my seventy-ninth week of working from home (mostly). Here are my takeaways from week seventy-nine:
- Inbox zero – Another successful inbox-zero week with my main inbox. Still working on getting there with my secondary one. The goal is both inboxes at zero at the end of every day.
- Third quarter – Q3 was pretty busy. I noticed things picked up significantly in September. Overall, the quarter was productive. I think the beginning of Q4 will be a mad dash to get things done before the holidays.
- Talking – Had some conversations with people close to me that were great in ways that I’d aimed for. I get a lot out of seeing things I’m thinking about through the eyes of people with different perspectives.
Week seventy-nine was very busy. So glad it’s over, and looking forward to unwinding this weekend.
Which Is Better, Many Specialized Tools or a Few That Multitask?
I use many digital tools every day. There’s a specific tool for everything I need to do. I don’t complain because it’s better than doing tasks manually.
I had a chat with a founder that got me thinking about something. Is it better to create solutions that help people use a variety of tools effectively or to help them consolidate by using one tool that does the job of many tools? This founder thinks it’s not a good idea to ask people to change tools: the friction would be too high because people don’t like change. It’s better, in his opinion, to help them make the most of their current tools.
As I’ve thought about this more, I’ve decided that the right answer for me boils down to time. What will allow me to do more with the time I have? Most things I do daily don’t need to be perfect; I just need to complete them. The path that leads to more productivity is the one I’ll go down.
Entrepreneurial Itch
It’s a great time to be an entrepreneur. We’re in a period of change when people are looking for new solutions to old problems. A lot of capital is being deployed to early-stage companies. Over the last few weeks, I’ve discussed this dynamic with founder friends. I’ve been asked if I have an itch to get back in the game. Translation: am I itching to start another company?
Reflecting on this a bit, I recognized that I’m an entrepreneur at heart. As a kid I mowed lawns, sold bales of hay (another story for another day), and sold mix CDs. In college, I sold automotive parts to friends. Post-college, I grew an e-commerce automotive parts company (after a stint in corporate America).
Entrepreneurship changed my life trajectory. It allowed me to met amazing people, changed how I think about the world, and helped me become more self-aware. Without it, I’m not sure where I’d be. After experiencing this incredible journey, I find myself in a different place. I want to help others interested in entrepreneurship change their life trajectory. I want to help other people reach their full potential through entrepreneurship.
I’ll always be in the entrepreneurial game. What that looks like will continue to evolve over time, but I plan on staying in the game as long as it will have me!
What Keeps You Up at Night?
When I meet founders, I like to know their background. It helps me understand how they arrived at the problem they’re solving. In a recent conversation, a founder told me he’d turned down an opportunity to be one of the first hires at another company. That opportunity was valued at over $1 billion a few years later. When I asked why he’d turned it down, he said he wanted to work on something that keeps him up thinking about it all night. He has no regrets because he isn’t passionate about the problem the other company is solving.
I immediately got what this founder was saying. Starting a company isn’t for the faint of heart. It’s a multiyear journey full of extreme highs and lows. Having passion about what you’re doing is essential. It helps you push through the exhaustion after years of grinding and low points when nothing is going right. Passion is a main ingredient of entrepreneurial success (and of success in life, for that matter).
So, what keeps you up at night?
A Space Ripe for Disruption
For the past few weeks, I’ve been putting off finding a service provider to transport something a long distance. I need a specialty transport company. When I started looking, I remembered why I put this off. I’ve been looking at providers online, and all of them have outdated websites and require a phone call to get a quote. I have a short list of companies now, but I still need to carve out time to call each one and then schedule the job. The customer experience hasn’t been great so far, and I expect this to continue until the task has been completed.
This industry is an entrepreneur’s dream. It hasn’t embraced technology although it has a huge market and many customers are companies who will do repeat business. They’re looking for a better alternative.
This industry isn’t cool or attractive from the outside looking in, but I think a savvy founder could build a massive business disrupting this space.
More on the Rise of the Individual Investor
A friend read my post about individual investors becoming more of a force. We had a good chat about it today. Here’s my takeaway:
Investor knowledge gap – Just as early-stage founders have gaps in their knowledge about raising capital, lots of investors have gaps in their knowledge about deploying capital into early-stage tech companies. They see what’s happening, want to participate, and have the capital, but they don’t know where to start. This is beginning to change. Information is more readily available. More platforms are making it easier for would-be investors to find and participate in tech deals and connect with and learn from other investors. As more individual investors learn about and gain access to investment opportunities and find their community, they’ll start deploying capital.
Great chat today with my buddy. We’re both looking forward to the rise of the individual investor.
The Rise of the Individual Investor
I’ve been interested in personal finance and investing since adolescence. I’ve always read about them as much as possible, and I even crowdsourced financial advice when I got my first job offer. Usually, I was in the minority in my circle of friends. Finance and investing just weren’t things that many were interested in or cared to talk about. Over the past eighteen months, that has changed drastically. Investing and finances are regular topics in my various friend groups.
Consumer interest in investing and personal finance will continue to expand. Information is more readily available, fees have been virtually eliminated, and access to platforms is easier. This is leading more people to take a hands-on approach. They’re learning and applying their knowledge. I think this will be a positive trend in the long term, but there may be a period of adjustment in the short term.
Public investments like the stock market are most accessible, and that’s where many consumers have recently gotten their feet wet. As they get more comfortable investing, I suspect interest in investing in private companies will grow. If that happens, entrepreneurs will likely see more willingness among their friends and family to invest in their early ventures. This will have pros and cons but, I think, net out as positive. Founders will have access to more capital to build businesses. Consumers will be able to invest in private companies that serve their communities and hopefully see financial gains that they can reinvest in more founders.
I think the next decade or so will be one of change and disruption like nothing we’ve ever seen. Investing will look radically different in the future. I’m excited to watch the rise of the individual investor and how their capital will change the entrepreneurial landscape.
Weekly Reflection: Week Seventy-Eight
Today marks the end of my seventy-eighth week of working from home (mostly). Here are my takeaways from week seventy-eight:
- Inbox zero – I’m more effective when I work through my inbox daily. I haven’t been doing as good a job with this as I’d like. This week, though, I was more consistent about checking something as done, delegating it, or deferring it to a later date (i.e., snoozing it to remove it from my inbox).
- Perspective – I focused on getting the perspective of credible people this week. Their feedback was insightful, and I’m glad I did this. Looking forward to continuing it.
- Focused – I had clear written goals that I needed to accomplish by the end of the week. I made a point of revisiting that list every morning, which helped me focus on the activities that mattered most. The week ended up being productive in the ways that I’d aimed for.
Week seventy-eight was active. Lots of good things going on. I was more intentional and focused this week, which paid off.
20-Year-Old Expert
Today I listed in on a conversation between two guys named Chris and Tom about a topic I’m interested in. The more I heard, the more amazed I was at how deep Chris’s knowledge is. Toward the end of the chat, I learned that Chris is a 20-year-old recent college dropout. He wasn’t satisfied with what he was learning in school. He felt his professors weren’t up-to-date on the latest trends and thinking. His education wasn’t equipping him to navigate what he was seeing in the real world every day. So, he dropped out and started educating himself by reading books and consuming online content from thought leaders. And he used his newly acquired knowledge to get a job in the field he wants to be in. Most likely he’s on his way to a lucrative career.
That may sound extreme, but stories like Chris’s will quickly become commonplace. More students will choose to bypass a traditional four-year education for a more customized path. They will go deeper into the topics that interest them much faster and begin to apply their new skills in the real world much faster than previous generations.
I suspect this dynamic will have a big impact on the workforce, as well as other parts of life. I’m not exactly sure how yet, but I’m curious to watch this play out.