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The Twists and Turns in the Life of an Entrepreneur – John Shen

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Business is tricky, but there are numerous examples of success to make it a reasonable risk for many entrepreneurs. Most people know the other side of the business equation comprising the failures and challenges. Perhaps this is what is holding them back. The most important aspect of its success is the owner’s philosophy, dedication, professionalism, and work ethic. Handling and overcoming challenges effectively are among the most difficult things for entrepreneurs.

Most firms fail not because the owner made bad judgments but because they made no decisions at all or luck was not on their side. Entrepreneurship demands a unique collection of talents, including salesmanship, people management, financial acumen, and emotional intelligence.

Entrepreneurs are vital in market economies because they function as the country’s economic development wheels. They create new employment by developing new goods and services, resulting in an increase in economic growth. Talking about entrepreneurs takes us to John Shen, who restarted his journey after previous colossal failure as an entrepreneur in 2009 when he established the American Lending Center (ALC). Being an entrepreneur, John Shen faced and overcame several challenges during his life that brought him the experience of his working career.

Entrepreneurship Led John Shen to Establish Three Real Estate Companies in Orlando, Florida

Residing and working in Philadelphia, John took his family on vacation to Disneyworld in Orlando, FL. On one occasion, he heard of several investors purchasing vacation homes to rent out to visitors on a short-term basis. Shen decided to take a chance and buy a home to rent as an investment. The entrepreneur advertised his rental property on many websites to improve occupancy. He ultimately found a partner to help him launch a side business. This property management firm cleaned and maintained rental residences. People around Shen’s community started asking him about his investment. He began teaching many of them how to buy rental houses. Some of his neighbors also went to Florida with him to acquire a home through Shen’s property management firm.

The success of these companies inspired John to reconsider his life aims and ambitions. In addition to his full-time work in Philadelphia, he entered the real estate sector. He took the Florida real estate exam and obtained a license before joining a real estate firm. 

In 2003, Florida saw significant real estate growth, and Shen’s firm thrived. He received his real estate broker’s license in 2004. He began going to major American cities such as New York, Washington, DC, Boston, Chicago, San Francisco, Los Angeles, San Diego, and others to frequently conduct Florida real estate investing seminars for hundreds of people in hotel ballrooms.

John concluded in 2004 that he could no longer live a double life by working two jobs. He quit his full-time job and relocated to Florida with his family. He received a mortgage broker license and established his own office for his three businesses: real estate agent, mortgage broker, and property management firm.

His company prospered during 2005 and 2006 when US banks began lowering mortgage loan income requirements and issuing no-doc loans with low rates. The Florida real estate market was the most modern in the country. John’s reputation as a formidable buyer’s agent grew. However, in 2006, banks began to witness foreclosures across Florida. The cheap mortgage rates were expiring, and hundreds of homeowners could not pay their mortgages and were forced to leave their homes. 

In early 2007, Shen’s real estate agent and mortgage broker companies vanished, and his property management firm had fallen to near-zero profit. With the fall of the real estate market, the entrepreneur lost all of his sources of income. In 2008, he shuttered his Orlando office and laid off his employees. 

John was in significant debt and had to short-sell some of his properties. He traveled to Hawaii in 2008 to try to sell a few remaining properties he owned. His attempts were unsuccessful since he was unable to find any buyers. Depressed and deprived, John decided to commit suicide by leaping out of the 16th-story window of the Honolulu hotel room. However, just as John was about to open the window and leap, he collided with his laptop. John discovered an email in his spam folder when the screen came back up. He decided to read it. His life was saved by the email. John escaped the burden of failure by returning to Florida and starting over.

Giving up implies accepting that things will never improve, which is just not the case. Life is full of ups and downs, and John Shen has been on that roller coaster but chooses to live the life he wants instead of ending it.

Michelle has been a part of the journey ever since Bigtime Daily started. As a strong learner and passionate writer, she contributes her editing skills for the news agency. She also jots down intellectual pieces from categories such as science and health.

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Lifestyle

The Breakroom Reset: Small Changes That Improve the Workday

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The office breakroom is a space that’s often neglected and can sometimes feel more like an afterthought than a key feature of the workplace. This is unfortunate, especially since employees typically visit the breakroom to rest and recuperate before finishing their shift. Considering its intended function, the breakroom should be viewed as one of the most important spaces in the entire office.

Having a welcoming and rejuvenating breakroom can promote social interaction, enhance workplace culture, and reduce stress. Employees who feel restored after visiting the breakroom are more likely to feel happy at work and be more productive the rest of the day. If your workplace breakroom leaves a lot to be desired, here are some small changes you can make to totally reset it. 

Small Breakroom Changes That Improve the Workday

Unless your breakroom is in shambles and needs major reconstruction, you don’t have to spend a fortune on it to make it more inviting. In many cases, small and simple changes can make a big impact on the overall vibe of any space.

Whether you’re working with a limited budget or limited space, there are still plenty of things you can do to reset your boring breakroom. Here are some small breakroom changes that can improve the workday and give you maximum bang for your buck.  

Convenient Hydration Options

Employees need to stay hydrated to keep their health and energy levels high.  Unfortunately, many employees are chronically dehydrated because they don’t have access to tasty beverages at work. This doesn’t necessarily mean you have to install a soda machine in the breakroom. Giving workers unlimited access to sugary drinks could backfire in the long run by contributing to illnesses and increased sick days. 

Instead of offering sugary beverages (that can actually contribute to dehydration in the long run), make it easier for your employees to stay hydrated with pure water. Providing a filtered office drinking water system is one of the best ways to encourage optimal hydration. Most employees will appreciate the clean, tasty alternative to standard office tap water.  

Comfy Seating

When was the last time you took a look at the seating arrangements in your breakroom? If it’s been a while, take a walk over there and give it a good look. Is there sufficient space for multiple employees to sit at the same time? Are the seats comfortable and rearrangeable so employees can interact with others or achieve greater privacy as desired? If not, you might benefit from a breakroom seating reset. 

Seating arrangements in breakrooms should be both comfortable and flexible. You might want to bring in some modular furniture because it’s easy to move and rearrange as needed. For maximum versatility, seating arrangements should include a mix of traditional breakroom chairs and tables, lounge chairs, and even bean bags. Making the space as open as possible will also help it look more roomy and inviting. 

Nutritious Snack Options

Most employers don’t provide full meals for their employees. It’s perfectly reasonable to expect workers to make their own lunch or dinner arrangements. However, if you want to support your employees’ energy levels, keep healthy snacks in your breakroom. Nutritious snacks can enhance employee performance throughout the day, so workers find it easier to get more done. 

Instead of investing in chips, candy bars, and other sugary sweets, opt for snack options that won’t cause sugar spikes and inevitable crashes. Some great options include trail mixes, protein bars, fresh fruit, popcorn, and veggie trays. Instant oatmeal cups can also be a convenient source of energy for those who don’t have time to grab breakfast before heading to work. You might want to send out an employee survey to see what types of healthy snacks your workers prefer.  

Optimal Lighting

Did you know that poor lighting can negatively impact your employees’ psychological and emotional well-being? Improving workplace lighting (including in the breakroom) can make a huge difference in worker morale and energy levels. Warm white light may be a great choice for the breakroom because it creates a soothing, calm atmosphere. Cool white light might be a better fit for conference rooms and cubicle areas because it enhances focus and energy.

Of course, natural light is arguably the best option for the office whenever it’s available. If your breakroom has windows, try to keep the shades open during working hours. That way, employees can experience the mood- and health-boosting benefits of natural light exposure.   

Entertainment Options

Some office managers and CEOs mistakenly think that a breakroom should be boring to serve its purpose well. However, the terms “boring” and “relaxing” are not synonymous. Employees may find a boring breakroom to be surprisingly non-restorative. On the flip side, a room equipped for entertainment can be very relaxing and rejuvenating. 

To make your breakroom a more enjoyable place to spend time, you might want to install a corner television. That way, workers can watch their favorite sitcom while they relax. You might also keep a few card or board games stocked in a cupboard for employees who prefer to interact in fun ways during their lunch breaks. 

Reset Your Breakroom Today

Your employee breakroom can reveal a lot about your overall workplace environment. If it’s not lit well, or if it’s boring and unwelcoming, workers are more likely to feel underappreciated and discontented. The good news is that you don’t have to sink a lot of money or effort into resetting your breakroom and getting a fresh start. Use these simple tips to revamp your breakroom and make it a place where workers can go to feel truly cared for and relaxed. 

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