bookmark_borderThe Tale of WeWork’s Collapse

WeWork can undisputedly be named as the tech organization for 2019 that has come across the most prominent financial calamity. WeWork is characteristically an operator of workplace solutions. The brand is now shrinking fast.

The initiating factor in the development has been the scrapping of initial public offering (IPO). This occurred when investors rejected the brand’s $20bn valuation, which many find to be absurd.

The WeWork collapse is a case of misdirection of excess private capital in an unregulated market, misdirected towards an individual’s plans of wealth creation.

It was from the word go that WeWork’s strategy was oriented towards market domination. They wanted to exhaust the competition, and in the meantime, make up for the losses by using investor’s money.

Even while WeWork seemed like a loss-making venture to the discerning eye, it promised a potential for success in future. The investors nevertheless chose to indulge, while WeWork got started with making losses of $219,000 on an hourly basis.

One of the reasons for the same is that WeWork’s offerings were not game changing. They were offering hot desks and work spaces, a few of them for urban freelance.

WeWork’s story may be classified as a case over expansion which has been reckless in nature. The employees of the organization now have to pay the price for the mismanagement of sorts. Around 4,000 of the employees are very likely to be laid off. They have been told to be the one for the team by their chairman.

The story of WeWork tells us that the economic model that has accounted for success of unicorns in the past is volatile. It is not absolutely foolproof.

WeWork is an organization which is largely oriented towards finding solutions for precariat workers. They were the targeted customer cross section demographics because the gig economy is booming. Remote working solutions would come by as exceedingly attractive for them, as WeWork philosophy had come to derive before they got started out with their business plan.

So why did WeWork not find the desired levels of success? Being a satellite employee probably isn’t as amusing as being employed full time. Satellite employee workforce might not have been on a lookout for additional infrastructure for working from home. Lower blepharoplasty works in the finest of ways to ensure a more youthful appearance for one.

bookmark_borderHow important is a person’s environment to their work performance?

Scientifically, it has been proven that when the work environment is constructive, it induces productivity. It makes employees confident and happier. Let us take a look at a few of the top ways to keep the work environment positive:

Hire the people who are positive

Being positive is an important skill to consider when hiring team members. People must be hired based upon their attitude. The interviewee’s personality gives certain cues. How do you feel in the person’s presence? Do they laugh, smile and value human relationships? Sad people tend to take away the motivation and productivity from a workplace.

Enhance your team

The prevailing team must work towards making the environment positive as well. As they feel like a team, they’d understand each others’ work and be more efficient.

Team bonding activities enhance the relationship amongst teams. Relaxing activities like an afternoon at the movies help. When you do something nice for the people, they are happier and stay closer to each other.

Selfish thinking helps on occasions

Each of the companies has its own competitors, targets and goals. It is hence important for the employees to be team players. As they strive to improve at a personal level, it brings in growth for the company.

It is hence important for employees to have personal career goals. Perks keep employees motivated and happier.

Communication should be top notch

Communication is important, at a business and personal level alike. Employees must greet each other and say hi. Managers must wave at interns even while they are busy. It must work both ways.

When you show your employees, that you care for them, their productivity stays higher. So take time out to make conversations.

Work upon the office space

In order to keep the office environment positive, clean and attractive spaces deliver the best of outcomes. Employees must have a choice at being comfortable while they work. The chairs should be comfortable. Similarly, the employees must have a choice at customizing their workstations.

Office lighting too renders an effect over employees’ attitude and their performance as well. While natural light boosts employees’ energy levels, most of the employees express there is no source of natural light in their office. Hence, windows are always preferable. Push and shining offices boost employee productivity and add to their delight. Go to silkwoodmedical.com.au. – meet the new you.

bookmark_borderAre coworking spaces over rated?

Open office plan is used by three in every four US companies. The trend has come across widespread popularity with Facebook going for the trend and defining it as the peak of collaboration.

Credible sources such as Harvard Business School have conducted some robust researches over the matter. The results however inspire one towards doing away with the concept altogether.

Let us now take a look at some viable stats derived from segregated studies. In Australia, in an office that is a coworking space, 10% of the workforce contracted tuberculosis.

While open offices do bring in higher savings, sick days among employees are higher as well. The results reflect on overall productivity and employee satisfaction rates. 

The top companies that have open working spaces and come in the “Best Places in the World to Work At” lists have office spaces with a difference. Their working spaces are not noisy, messy and hard floored, unlike most office spaces in the 21st century.

It was as an anti cubicle movement that open office spaces initially started out as. Architect Frank Lloyd Wright had envisioned open office as a source of empowerment.

Wright worked upon perfecting an ideal design for an open office. This would grant freedom for employees. Making a direct eye contact with employees would no longer be difficult.

While they would be able to learn from their seniors, they would also promote the feeling that each of the employees is working for the good of the company.

His dream was culminated when the SC Johnson administrative building took up his idea of an open office working space. The building used to have dendriform columns. This rendered higher degrees of strength and stability for the building, but did not disrupt the employee’s line of sight. They had a ceiling that allowed natural light to enter the premises. Similarly, large open spaces in between chairs and desks bought in a higher sense of privacy. Making spontaneous conversations was still possible.

An entire generation of spin-offs came to fore, which performed reasonably well.

Thereafter, open offices operated under concepts of non-hierarchical seating arrangements and egalitarianism. But in truth, they were money saving measures.

When starting an office getting a good legal foundations is very important – that’s why we recommend Walker Solicitors to deal with these matters.

bookmark_borderWe review the Apple Visa Card

At Hive we are all about creativity – and Apple is known as the most creative company – well that is until Steve Jobs died. Whether his successor is up to the job is still up for debate here – however some think he is a genius just like his predecessor.

There are a number of innovations that have come out of Apple since Steve Jobs passed away – and one of those – besides the wireless head phones – is the Apple Visa Card.

There are a number of things to consider about the Apple Visa Card. The first is people’s initial scepticism to the idea – basically because it seem s- on the surface of it – to be a complete money grab. When you talk about Visa cards – or payment cards in general – credit cards that is – Apple is the last company you think of. They simply don’t have any connection to the credit card world – their credit policy in stores notwithstanding.

However on the other hand it does make sense on some levels – firstly most people have an iPhone which they use to purchase items through tap and go all ready – this is in the payment space – so why not move that to a full credit card experience. Also the card has some cool aspects that can be considered innovative.

For example there is no credit card number on the front of the card – something that in hindsight actually makes a lot of sense – you don’t want someone to have access to the numbers on your card if you were to accidentally misplace your wallet (which has actually happened to me recently).

The other is that the credit card comes with its own app – and everyone knows that being able to track how much you’re spending is extremely important. Who wouldn’t want to be able to categorise their expenses and be able to know how much they’re spending and to adjust their buying habits accordingly.

The Mastercard Apple card allows you to check everything in real time – in a slick app that comes with the card. We look forward to seeing how this project comes out as it is launched – here at the Hive we are big fans of new innovative projects – whether it comes at the ground level or the big corporate level.

In the mean time – don’t forget that affray nsw and money laundering and all kinds of legal hijinks can still happen. So be wary – and make sure you