COVID-19 has pushed many institutions that would not have normally cooperated to work together in facing the global pandemic. During this period, alliances that might have taken years to assemble under less dire circumstances have been forged in a fraction of that time. An example of a country that has been on the forefront of battling this threat has been Israel, the Startup Nation. Israel has a unique history of bringing seemingly unrelated organizational structures such as the military, academia, business, and the political world together in order to achieve a common goal.

Before the world’s resources were focused on fighting COVID-19 there were many institutions who aimed for the literal stars and worked on plans on how to reach them. Israel has been working on a number of big picture ideas; an example of how different organizations work in unison has been the race to land a spacecraft on the moon, making it the fourth country to do so after the United States, Russia, and China. While Israel has excelled in satellite technology for surveillance purposes, and the Israeli Air Force is one of the most powerful in the world, going to the moon has been a major leap for such a small country. Aside from the chutzpah required to attempt such a feat, Israel’s goal of landing a spacecraft on the moon was a solid example of academia, business, philanthropy, and government collaboration and should act as a case study for us in the United States.

Cross pollination

If there is one thing that makes the Startup Nation unique it is the idea of cross pollination. Israel is a tight-knit society and people are usually acquainted through familial, military, and business ties. Furthermore, the informal nature of the country is also a contributing factor. The Israel Defense Forces plays a key role in this idea as most young Israelis are conscripted to serve mandatory time in the army, thus strengthening those bonds and expanding their social network. What happens after the military is equally important as many soldiers go on to do reserve duty, particularly in highly technical roles such as the Intelligence Corp. Civilians put on their military garb and bring back ideas to the army they learned from their startups, and vice versa.

As a result, there are no real walls or siloed organizations preventing cooperation. The mindset is that everyone needs to cooperate for a common cause, a reminder that for many years Israel’s existence was not guaranteed and such collaboration was essential. That fear certainly pervades much of the Israeli leadership’s thinking as they grew up in an era of existential dread. As such, projects such as SpaceIL’s attempt to land on the moon epitomize the Israeli organizational narrative.

How the different parts worked together

What started close to ten years ago in order to raise awareness for the sciences morphed into a national race to land a spacecraft on the moon. In this case, non-profits, academia, private foundations, business, and government-supported industries all worked together in order to literally get this spacecraft into orbit and on its way to the moon. Traditionally, all these institutions would not have associated with one another, but given the scope, ambition, and chutzpah of the mission they came to rely on each other.

The catalyst for the SpaceIL program was the Google Lunar X Prize competition offering a 30 million dollar prize to the team capable of getting a spacecraft to the moon, and landing it successfully. As is typical of the “thrown together and figure it out along the way” style of many entrepreneurs in Israel, the SpaceIL team was one of the last teams to apply. However, instead of building the idea as a government or corporate-backed entity, they formed a non-profit. This enabled them to parlay a lot of “free” resources such as volunteers, raise grant money, and ultimately secure million-dollar financial commitments from major philanthropists such as Sheldon Adelson and Morris Kahn, an Israeli-South African billionaire who founded the software company Amdocs.

From the start the SpaceIL team parlayed institutions such as IAI (Israel Aerospace Industries) and Israel’s Space Agency that fall under the umbrella of the defense industry (much of which is government connected) as well as academic institutions such as the Technion, the Weizmann Institute of Science, and Ben-Gurion University of the Negev. Academia played a large role as the team worked with Tel Aviv University's Engineering Department and had strong connections to the Interdisciplinary Center north of Tel Aviv. Engaging all the major academic institutions in the country helped in galvanizing volunteers as well as creating a national initiative around science education.

Capturing the imagination of the country and of pro-Israel supporters abroad was key. One of the project’s main funders Morris Kahn stated, "putting a spacecraft on the moon is a little bit of a weird project. It almost seems un-doable, and even if it was doable, it takes somebody with imagination to actually see why you would do it." From an entrepreneurial perspective this was the first privately funded voyage to the moon, which in the days of SpaceX and Blue Origin set a standard for how much technology has changed and emphasized that innovation does not rely solely on government support. This is not to say that government funding was not key in making this happen; it’s that this project began as a startup and only later sought government assistance.

Ultimately Beresheet, the spacecraft, crash landed upon its attempted landing on the moon’s surface. That does not tell the whole story; as with any big idea, the entrepreneurial journey is part of the process and learnings. There were lessons learned, and new technologies created along the way as well. Additionally, it’s also important to put things in context as such a project was not even imaginable a few years ago. As Israeli Prime Minister Benjamin Netanyahu stated after the disappointing outcome, “if at first you don’t succeed, try again.” For many in Israel there is faith the country will be successful in the coming years, and that “an Israeli spacecraft will land on the moon, whole.” Even if we look at the long tail of this endeavor, and this inspires the next generation of entrepreneurs, then it is a success.

What we can learn

There are lessons of what we can learn from this enterprise and take with us as we plan out our own ambitions. While the spacecraft crash landed on the moon, it was a failure of operations, and not lack of cooperation and organization. Israel’s ecosystem is unique and its institutions world-class, but the points covered below are applicable for institutions here in the US and globally.

Ambitious projects marshal resources and capture the imagination. We have seen this with the “moonshot” projects from Google and the aspirations of entrepreneurs like Elon Musk and Jeff Bezos. This goes back to the 1960’s with America’s race to land a man on the moon that was a priority of national importance. Money wants to capitalize and fund big picture ideas. Academic institutions and the government would be wise to pay attention to this idea, as we have opportunities now to create solutions to COVID-19. As Elon Musk says when it comes to ambitious projects and urgency, “when something is important enough, you do it even if the odds are not in your favor.”

In order to achieve such moonshots, we must learn to be more open to cooperation with other organizations. This will not be easy as many organizations vie for resources, but we must learn to work together. Community plays such a significant role in parlaying and acquiring resources, and once people are behind an idea, they are more than willing to help pitch in.

Being open to and integrating entrepreneurs and social entrepreneurs into our systems is essential for success. We must learn to say “yes” to new ideas and people, and not be fearful of the change they may bring about. If we are looking to truly create the next generation of entrepreneurs that will lead this country and business community, we must find ways to have them work within the system. SpaceIL succeeded because the entrepreneurs developed their idea outside the constraints of government and academia and brought them in to help build the project after the startup stage. The question we need to ask ourselves is why can’t we build a project like SpaceIL within our system?

As we’ve seen in Silicon Valley, the more ambitious the goal, the higher the stakes, and the more people believe in a brighter future, the more cooperation becomes essential. While Israel does have a unique ecosystem with members of the different organizations maintaining relationships, that does not mean it cannot be emulated here in the United States. Once we overcome this pandemic, we’ll see that some organizations collaborated in facing this threat quite naturally, which could serve as inspiration for future projects, whether they include travelling to the moon or facing the next pandemic.

Do you have an idea that you think could turn into a successful business? Do you want to work with others who do?

Sign up for Innovation Quest (iQ). Kickoff Workshop is Wednesday, February 10th!

http://innovationquest.uconn.edu/events/kickoff/

Advantages of Participating:

• Opportunity to win money for your start-up ($30,000 up for grabs)
• Make connections with successful entrepreneurs and business mentors
• Join or form a team! (You do not need your own idea to participate)
• Meet iQ mentors who can help you start a business!

About iQ

The Innovation Quest (iQ) Program fosters creativity, innovation and entrepreneurship across campus. Students who have new ideas for a product or service can compete for cash prizes and the opportunity to develop their idea into an operating company.

Past successes include:

Encapsulate, Flush Warranty, Land Maverick, Macroscopic Solutions, PartsTech, Phood, ProVelocity Bat, QRfertile, SimpliGreen, Smpl Bio, Sobrio/DashRide/EverTransit, The Momentum App, Veradermics, Voda/Elkay, VoltXon, Voxion, and YouComm, among others.

This is the perfect opportunity to stake your claim on your chance of winning a share of $30K, work with successful entrepreneurs, and join a team of likeminded students -- even if you do not have an idea of your own.

Success is everywhere. Why not you?

The Innovation Quest kickoff workshop will be held on Wednesday, February 10th , from 6:30PM – 8:00 PM

Sign-up for the Feb 10th Workshop and receive the ONLINE meeting Access point!

http://innovationquest.uconn.edu/events/kickoff/

Click here for more information on UConn Innovation Quest:

http://innovationquest.uconn.edu/

The economic outlook for the coming months does not look particularly rosy, especially for those who graduated this spring. There may not be a robust job market to enter, and as such, graduates may be thrust into the deep waters of having to learn how to create a career for themselves, by themselves. Youth does not need to be “wasted” on the young as many students will emerge from their studies with a more sophisticated view of the world than previous generations. And with time on your hands and lack of good job opportunities, you may now have the chance to launch that startup you’ve been dreaming about.

Realistically speaking, what starts out optimistically may not end as well, and the survival rate for early stage startups is dismal. A snapshot of “data from the BLS shows that approximately 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more.” This is just a fact of life, and while businesses can fail for several reasons, at the end of the day a founder (or founders) of a startup must deal with the emotional fallout of this experience. There has been a trend that emanated from Silicon Valley to glorify failure as if it’s something desired, or even sought after. Sadly, failure is a painful process and should be avoided. As well-known PayPal founder and investor Peter Thiel states “every time a company fails it is not a beautiful working out of the Darwinian free market and it is not a fantastic educational experience for all involved. Every death is a tragedy and that is even true of deaths of companies.”

Building a business or doing anything worthwhile is difficult, and if one believes it’s a pleasant thing to blog about, they’re not in it for the long haul or the right reasons. A founder should push through and do whatever they can to make sure their business survives. Nonetheless, if you want to be an entrepreneur and do amazing things you need to accept that failure is a fact of life. You will have to stand on the mountain of no’s before you get one yes, so come prepared with the right mindset.

Know that it's OK, and you'll be OK

This may be the first time you’ve encountered a setback, the operative word being setback. Every single successful entrepreneur has dealt with failure and setbacks. However, it’s not that failure doesn’t happen, it’s about what the person does in response. Are they going to sit and feel sorry for themselves and give up? Or are they going to push through, learn from their mistakes and go on to do something bigger and better? Everyone deals with obstacles, but winners push through despite it all.

Dealing with what may seem like the end of the world, intense emotions happening within, and possible shame will be tough. But “this too will pass” and know that time and action, even small steps every day, taking care of yourself, and thinking about the day after will start to remedy what has transpired. History is littered with people with big egos who couldn't get out of their own way and did not let themselves pick up and try again. You do not need to be one of those people as you have the perspective to know that you are strong enough to bounce back by taking positive steps in the right direction.

Processing failure through self-care

Self-care is an important part of being an entrepreneur as you’re running a marathon and not a sprint. Sleeping enough, working out, and eating healthy are all part of managing your mental state when you’re going through the challenging process of building a business. When you’ve dealt with a failure like the closing of your business or being let go from a position there needs to be a way to process the difficult emotions that are likely to follow.

An effective way to deal with any difficult emotions, and maybe even process the situation that has just transpired, is to work out. An intense workout, alongside a healthy diet, can help someone cope with the day to day initial regret that accompanies failure. Journaling and writing down everything are actions that help the brain process trauma other ways cannot. It’s not a magic cure but one may find writing down what happened makes it less painful and gives the mind a way to get all those negative feelings out on a piece of paper. As this article highlights “writing about anger, sadness and other painful emotions helps to release the intensity of these feelings. By doing so you will feel calmer and better able to stay in the present.”

Give things time and space

There is some truth to the “idea that time heals all wounds”; that what may seem intense and cause severe discomfort when it occurs will eventually fade. This is difficult as we often want these feelings to go away immediately or to occupy our time with something that masks those feelings. But time is necessary to process and make sense of what happened, as well as learn any lessons (see below).

Space is another important concept. It’s not about running away, but taking some space, a breather to collect yourself, could also prove to be beneficial. Some people change locations for a time, but if that’s not possible even taking a walk or changing your environment can help. Getting out of our heads by taking positive steps like journaling is one thing, but sometimes you

Look for the meaning and the lessons

Philosophers such as the Stoics prepared for the worst, and there are so many lessons to be learned from their experiences in ancient Greece and Rome. Throughout history, people have been able to overcome what seemed like life-ending failures, and they were able to use these setbacks as rocket fuel to propel them to greatness. Roman Emperor Marcus Aurelius stated “the impediment to action advances action. What stands in the way becomes the way.” These words encapsulate the essence of failure: it’s just another opportunity to learn.

It’s important to reframe failure, and to understand what risk entails. One does not fail; they succeed because they try. And not like “try” where everyone gets a prize for participating, but because you put yourself out there. We tend to tie our whole identities to one or two failures that happen in our lifetimes, when the reality is that we need to try things and really understand our life’s true mission. We embark on a path because society, our parents, our peers, etc. tell us it’s the “right” thing to do. It may be for them, but not for us. Failure is life’s way of nudging us towards where we need to be to truly complete our life’s mission.

Find a community

There can be no two ways about this. You will struggle with setbacks, and failures if you want to build something great. It is a lonely journey, especially if you’re an entrepreneur without a co-founder. A partner or co-founder can row the boat along with you when you feel you’re lost at sea. There are, of course, downsides in having a partner as well. But a community of people who help you and listen when you struggle is important.

Tenacity is a trait needed to persevere, but so are people who will join you on this marathon. Sometimes it is hard to bounce back, hard to start again, and be tenacious. That is why having a community that supports your efforts, whether that be a group of fellow entrepreneurs, a religious group, or even your peers from university is vital for your ultimate success and mental health. This idea of the lone wolf entrepreneur who flies against the conventions of society is maybe good content for an Ayn Rand novel, but is far from the truth. It does take a village, or a community, to help young entrepreneurs on their long journey, so it’s important to turn to your friends when you need solace.

Today, failure is approached in two ways, either as something swept under the rug or glorified. Both views are unhealthy as failure is a very normal and natural part of life, like death. It is not bad or good, it just is. When you learn to accept that, and lean into it, the ultimate outcome will be less debilitating. When it does not own you, you are free to truly go where you need in order to succeed. Upon reflection, world famous author J.K. Rowling stated it best that “it is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case you have failed by default.”

There has been a focus in recent years on the feats of tech entrepreneurs such as Elon Musk and Mark Zuckerberg, claiming that if you want to be a wildly successful entrepreneur, you need to build a tech company. It is true that high-growth, high-risk startups have made a disproportionate impact over the past 15 or so years. The same goes for the return on venture money these entrepreneurs took on to build and scale their companies. However, tech startups represent only one type of business model, and historically speaking most entrepreneurship in this country has been of the traditional kind: lone business owners building their businesses, every day, in what would become legacy brands. It wasn’t called entrepreneurship back then, but simply making a living.

As we’ve noted in previous articles, we may be entering a period in which you’re going to have to start your own business to survive. So, before you rush headfirst into a business model that is not ideal, you should understand what different business models look like. There are many factors one must take into consideration when they’re looking to build a company, and self-awareness and honesty are key before embarking on this difficult but ultimately fulfilling path. If you are not building a business in order to solve someone else’s problems and make money by offering value, don’t start one. Additionally, if your intention is something short of solving problems to make a living for yourself, seriously reconsider if you want to be an entrepreneur.

OPM: Other People's Money

Taking Other People’s Money can be the rocket fuel for your endeavor aka startup or can be a curse if you and your investors’ interests are not aligned. Putting aside public markets, taking private money and venture money can raise your business to the next level. This is the standard model these days in VC, but while things are changing, know that you’re going to have to give up a lot of your business for the ‘privilege’ to take an investor’s money. Furthermore, you’re going to have to be held accountable to them, they will want regular reports, and will most likely start telling you what to do with your business. This article highlights the fact that “fewer than one per cent of all companies in the US are venture funded, and once you take other people’s money in exchange for equity in your company, the clock is ticking. They want their money back, plus a multiple of 3x to 10x, so your company will either need to ‘go public’ through an IPO or be sold in a trade sale.”

There are entrepreneurs who bootstrap and go for as long as they can without taking outside money; for some that is a good plan until they make the decision to take investor money. If there is one difference between a tech entrepreneur and a regular business owner, it is the decision to take venture money. An early stage startup’s success is based on scale, and getting sizable market share, so they need to burn through money to do so. While they need to grow, traditional businesses can grow at a stable rate, and start to make a consistent profit.

What problems to solve

Not everyone wants to solve some world pressing problem or disrupt an entire market. If you do, more power to you, but be aware it’s going to be a lot of work. Some people are driven to change the world and want to use technology to do so. They believe their destiny is intertwined with building a revolutionary startup. If you’re going to go big and want to make sure you raise a lot of money, find the biggest market to address.

There are others who want to solve more local problems, or want to build a business helping other businesses deal with tangible problems such as communications, strategy, etc. It’s important to work backwards and figure out who your customers are, and what is the problem that your business is going to solve. Some problems can be solved with an agency model, some need a SaaS model, and some can use a consultancy, but these are things you need to consider before you begin.

The risk factors

It’s not that people on paper don’t understand being an entrepreneur is a risky endeavor. And of course, the flip side is that there is a risk in not taking a chance in life if you really want to launch your own business. Simply put, if you launch a high-risk high growth endeavor such as a startup your chances of failure are higher, and certainly higher than if you launched a cash flow business that quickly turns a profit.

The thing about risk is that many people look only at the upside, on all the things that could go right. But you need to approach the situation thinking about what could go wrong, as most things will be harder than you expect. With startup risk, however, there is no upside at looking at the downside. This is how VCs view risk, as they’re banking on 1 ‘knock it out of the park’ winner out of a portfolio of 20 companies. It’s like a rocket ship: its fuel propels it to the atmosphere and space, and there is the very real risk that it could blow up on the way there. No wonder it’s called rocket ship growth!

Camels on the horizon

Since the pandemic started there has been a shift in the tech community regarding the growth of startups. Yes, you have your Zooms and TikToks of the world, but these are outliers. Right now, the idea of unicorns, billion-dollar valuation startups are not on the horizon. As more bad news comes out surrounding the economy and many companies continue to go under, a new model is emerging. That is of the camel, a startup that can go long periods of time without outside money, and is built for profit, almost like a real business.

“In today’s world, unicorns represent more than a valuation. Rather, they represent a philosophy, an ethos and a process of building startups. When being a unicorn is the objective, very rapid growth is the method. The tools are abundant venture capital, a deep and ready talent pool and a supportive startup ecosystem. This approach has worked well in Silicon Valley for some time. But in the wake of failed IPOs, the pushback against tech models and the range of social ills plaguing the Valley, the approach is losing its luster.”

Because of COVID-19, and for the first time in at least 10 years, we are facing an economic downturn. For many in the tech industry this is their first time dealing with such a situation. Nonetheless, this might be the right time, as many successful companies were built during economic downturns, and these new hybrid models may be the way forward.

Know thyself

In the end, after a long day of work, when you put your head on your pillow you must ask yourself if you are on your mission. You need to ask yourself and look to visualize what your future will look like. Will it be as a solo entrepreneur where freedom is a priority, or will you run a team and build a culture around your idea? Ultimately, these things will change, as you learn from your mistakes, grow and develop. As this article states on understanding yourself, “as an entrepreneur, you will have no place and no one to hide behind. Knowledge of yourself is the key to confidence, and confidence builds leadership. Building a new business requires good leadership to develop the market, attract customers, motivate the team and conquer the unknowns.”

Maybe being an entrepreneur will not be in vogue anymore, and that stability (like a well-protected government job) will be sought after during these tough economic times. Either way, it’s important to understand what makes you happy, and how you feel when you’re by yourself. Telling people at cocktail parties that you’re an early stage tech entrepreneur may sound like a cool idea, but you must be OK with the stress of raising money, dealing with customers, and everything else. You need to ask yourself: if this is what you really want?

Now is a good time as any to start a business, and if you want to get a job that’s fine as well. Many of us have been indoors and have had time to think about where the next few months are going to lead us. That could be building a high growth startup or a business which we slowly build on our own. Taking time to think through the type of business you want to build and envision the end in mind will help you mitigate the risks involved with entrepreneurship. There is no one way to build a business, but there are best practices. Just know the difference before you embark on this journey.

About the Panel

The Department of Service Learning is hosting a student panel event for one of their minors, Sustainable Community Food Systems. The panel will consist of student alumni discussing their scholarship within the minor and the opportunities the minor presented them with both professionally and academically.

How to Participate

The panel will be hosted through WebEx and will take place in the first week of the Spring 2021 semester. For more information, visit the SCFS website at https://sl.engagement.uconn.edu/scfs/.

To register for the event quickly, fill out the following Google Form:
https://forms.gle/4UdJzRGgGDYMQUF99.

About the Challenge

Student Health and Wellness would like to present the Wellness Points Challenge! This is a challenge to motivate students to develop healthy habits or be rewarded for those that do. The goal is to increase student wellbeing through an incentive process. Once you sign up, you will automatically receive a free laptop sticker. After that, you just submit a photo of yourself (or your ID) engaging in a healthy activity to earn points. The more points you have, the more prizes you receive! The top three point-leaders will each win an additional Amazon gift card, with $100 being the top prize. The challenge will run from January 25th to April 28th for the Spring 2021 semester. All UConn students are welcome to participate, including graduate, regional campus, and online students. Click on the link below for more information and to sign-up!

Registration and more info

Visit the Student Health and Wellness website to get more information on the challenge: https://studenthealth.uconn.edu/wellness-points/

About the Opportunity

Students earn 1-credit for working on a team of three in one of the four subject areas. The experience will be 8 weeks, ending at the beginning of April. BUILD UConn is empowering UConn students, staff, and faculty to create solutions to problems in academia today. The challenge will provide participants with an entrepreneurial "tool belt" and pathway to critically think about and design interventions to improve the education experience. There are five teams each looking for three students.

BUILD the UConn you want to see!

Calendar:

Kickoff Event – 2/9/21
Workshop 1: Customer Discovery – 2/16/21
Workshop 2: Idea Generation & Storyboarding – 3/2/21
Workshop 3: Steps to the Solution – 3/16/21
Final Presentations – 3/26/21

Apply Today!

Visit the BUILD UConn website to apply: https://ccei.uconn.edu/programs-2/build-uconn/

Dealing with the day to day stress as an entrepreneur or a student looking to excel is tough these days even without the fear of contracting COVID-19. If you’re reading this, you may be young but that does not mean that what is happening in the world does not affect you. Stress is a part of our lives, but not always something that should be avoided, and can help propel you towards your goals. According to the Harvard professor who studies positive psychology Tal Ben-Shahar “the best moments usually occur when a person’s body or mind is stretched to its limits in a voluntary effort to accomplish something difficult and worthwhile.” The reality is that we don’t anticipate a life of ease if we go down the path of entrepreneurship. We seek a life of meaningful challenges in which we work to overcome obstacles along with the process of learning about ourselves in order to find life satisfaction.

Money may lose its initial significance and even become less relevant over time. What you will remember is the journey, what you learned, and how you pushed through the adversity to achieve your goals. Life can be tough, as every major religion and philosophy acknowledges, so you may as well embrace it and, as Nietzsche stated with the concept of “amor fati”, love it!
Sometimes though, life throws situations at us that can prove emotionally overwhelming. Below we’ll cover some of the tools that will help you perform at your best, whether that’s building your first business or working to get good grades as a student. You don’t need to be an entrepreneur to use these tactics, as they are also relevant if you’re working for someone else and could help you excel at the role by managing your stress.

Intense and regular exercise

If there is a turnkey solution in helping one cope with anxiety, manage stress, think more clearly, and create a general sense of well-being, it is exercise. Now, walking and yoga classes are nice and have benefits (which we’ll cover below), but what we mean by exercise is sweating by working your body. That can be weight training, running, CrossFit, bootcamp classes, whatever, but you need to exert energy and get rid of that anxiety by sweating it out. Entrepreneurship is all about maintaining and managing energy levels, and, as this Mayo Clinic article states, “exercise delivers oxygen and nutrients to your tissues and helps your cardiovascular system work more efficiently. And when your heart and lung health improve, you have more energy to tackle daily chores.”

You will discover that after you work out you have more energy. You will also develop keystone habits as you start working out and seeing results. You’ll want to improve on those results, so you’ll be eating healthier. In addition, you’ll be sleeping better thereby improving your workouts’ intensity and general wellbeing and causing a positive upward spiral. If you’re an entrepreneur, you most likely have an abundance of energy so that needs to be managed and focused. There is so much research out there on the mental benefits of exercise in addition to the health benefits such as “sharper memory and thinking. The same endorphins that make you feel better also help you concentrate and feel mentally sharp for tasks at hand. Exercise also stimulates the growth of new brain cells and helps prevent age-related decline.” You also may find that some of your best ideas come when you’re in the weight room or on a long run.

Meditation

It’s almost become passé at this point as it has gained such widespread popularity, but the fact of the matter is that meditation and mindfulness can help reduce stress. If there was one trait many of the world’s top performers practice, it’s meditation according to the quoted article below by lifestyle guru Tim Ferriss. As he states in this article, “of all the routines and habits, the most consistent among guests is some form of daily meditation or mindfulness practice. More than 80% of the world-class performers I interviewed shared this trait” and that “it is a “meta-skill” that improves everything else. You’re starting your day by practicing focus when it doesn’t matter (sitting on a couch for 10 minutes) so that you can focus better later when it does matter.”

Meditation is hard when you’re first starting out, and it really doesn’t get easier, but it gives you a sense of where your stress comes from as you practice. Once you sit with yourself in a quiet place, you’ll realize all the noise in your head, and start to understand all the patterns and thinking that may not be helpful (and that are holding you back). We live in a society that does not let us get a moment’s break so think of meditation as a “warm bath” for the mind. Getting started is easy with one of the popular meditation apps like Headspace or Calm. Just make sure to put your phone on airplane mode while you’re using the apps, so you don’t get distracted by incoming messages!

Journaling

A free/cheap way to manage stress is to write everything down. We prefer to type everything on a safe platform such as 750 Words but writing by hand in a journal can be beneficial as well. It may seem like writing won’t help, but once you put all the clutter and anxiety in your mind on paper, it tends to have a calming effect. This is free form writing and helps with mental clarity and improving your thinking. Clear decision making is important for entrepreneurs as they must juggle multiple things at once.
Writing has also helped people cope with trauma and difficult feelings, as well as separating themselves from their thoughts, and understanding that’s exactly what they are, just thoughts. The mind will throw all kinds of strange ideas at you, most of which are not true, and they’re just thoughts. As a personal preference we like to write first thing in the morning with a practice called Morning Pages that helps clear the mind and prepares us to tackle the day. But any time you feel stressed out, take some time to write down your fears and anxieties; you’ll find you come back to whatever problem it is with a calmer mind.

Taking time to walk

While technically “exercise”, walking can also be like meditation (just don’t take your phone). Taking long walks, particularly in the green outdoor environment of a college campus can bring a sense of distancing from one’s problems. The reason this is so powerful is that our ancestors spent so much time walking (on the hunt) and probably used that time to solve difficult and pressing problems.
Many great thinkers such as Albert Einstein, Henry David Thoreau, and Carl Jung spent time on long walks trying to figure out some of the universe's greatest riddles. A good way to think about it is as “like any other cardiovascular exercise, brisk walking boosts endorphins, which can reduce stress hormones and alleviate mild depression.” according to WebMD. Sometimes you just need to take a physical step away from a situation and get some perspective. Taking even a brief walk in nature can help ground you and improve your decision-making process.