Gary Vaynerchuk’s Advice For Tackling Fear, A Virtual HQ App And CEOs Talk AI - Sun and Planets Spirituality AYINRIN
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Do you ever feel like you’re bothering your boss or co-worker when sending a Slack message? It’s easy to miss the ease of in-office work when it comes to interrupting to ask a question or knowing whether someone’s tied up in a meeting. Roam, a “virtual office” app profiled by senior editor Jena McGregor last week, may offer a solution.
The startup, which exited its invite-only beta period last week, offers a virtual HQ app where users can see who’s available and who’s not—encouraging impromptu “knocks” on office doors rather than scheduled meetings. The result? Founder and CEO Howard Lerman says that while companies are reporting more meetings, the average time spent in those meetings has gone down to about eight minutes.
Those shorter meetings could entice some companies to try out Roam. After all, as the saying goes, time is money. And time—and your career—should be spent doing things you enjoy, Gary Vaynerchuk told me in a Forbes Career Advice Q&A interview. You’ll find that below. Plus: the latest workplace news.
Have a great week!
WORK SMARTER
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CAREER ADVICE Q&A
Gary Vaynerchuk
Serial entrepreneur Gary Vaynerchuk began his career working in his family’s liquor store. He went on to cofound Empathy Wines and restaurant-reservation software Resy, which was acquired by American Express in 2019. Now, he’s chairman of media company VaynerX, CEO of social media agency VaynerMedia and CEO of entertainment company VeeFriends. I sat down with Vaynerchuk last week to discuss his advice, thoughts on fear and career mistakes.
Between VaynerMedia, VaynerX and all your ventures, how do you keep your drive and motivation alive?
For me, what works is I'm not doing it for any other reason than I enjoy doing it. Some people really love to sing; some people really love to cook; some people really love to play basketball. For example, I love playing basketball, but I'm incredibly aware that I'm not going to play in the NBA, and so I'm not doing it for extreme success. I'm doing it for the extremity of enjoying the process.
So for me, what's really obvious is that the reason I'm able to maintain, or continue to do it, or enjoy doing it is because I'm doing it for the enjoyment of doing it—not for the accolades, or the success or any of those aspects. And so it's process over the prosperity of the trophies, the money, the accolades, this interview. It's incredibly sustainable for me because it's what I want to be doing.
A lack of fear of losing and making mistakes and a deep enjoyment of the process of it ended up being incredibly good foundational pieces for professional success.
What’s your advice to those who want to be a founder?
If you're going to find your passion, if you're going to do your thing, you have to realize that there's a level of fear that comes along with that and risk. And you have to find ways to be comfortable with it.
What’s your advice for getting comfortable with fear?
Creating a vision board and not doing anything about it is not doing anything. The reason I use that analogy is to say my advice is to start doing. The only way to get comfortable with fear is to lose. You have to taste. You'll always be scared of oysters until you actually eat one, and then you get to decide if you like it or you don't like it. You just have to do it.
I always ask people: Worst case scenario, what would happen? You quit a good job. You go for another, it fails. Okay, then you have to get another job. If you have enough humility, then you have the ability to have courage.
Do you have any career mistakes or regrets that come to mind right now?
Too many. It’s like parenting; there’s a million things you'd like to take back and do differently.
A big one in the last few years is that I struggled with candor to employees. When I do content, my candor is a strength. But at work, I always prided myself on eliminating fear. And so I thought over-communicating people's shortcomings was going to lead to fear. But in reality, what I learned over 25 years was that by not telling them and then them getting fired, it actually created fear because people didn't know where they stood. So, in the macro, the biggest mistake I've made is not being more candid with my employees.
In the micro, I should have gone harder at Google AdWords. I should have invested in Uber when I had the chance multiple times. I could have gone harder with my influencer agency.
A lot of times I'll see things and do things, but I don't go deep enough given how big the opportunity is. The reality is, at 48 years old, I can write 10 books on all the mistakes I've made. And I think being comfortable with that and understanding they’re missed opportunities, they're not death blows, is the framework that I think anyone who is managing or operating should be thinking about in their career.
TOUCH BASE
News from the world of work
This meeting app will let you virtually “knock” on your boss’ door: Roam, a virtual HQ app Forbes’ Jena McGregor featured last week, creates a 2-D map of an office, allowing users to see who’s available and who’s not. Its creator, Howard Lerman, says the average meeting time for companies using the app typically drops to around eight minutes, as users “knock” on Roam’s virtual offices and hold more spontaneous conversations.
Do company well-being programs really improve mental health?: A new U.K. study says they don’t. Senior contributor Bruce Y. Lee takes a look.
Taxes: The season officially opens January 29. Forbes’ Kelly Phillips Erb breaks down when you should expect your W-2 and 1099 forms—and what to do if they’re missing.
Cal State professors and workers are on strike: About 29,000 professors, librarians, maintenance workers and other employees at the California State University system’s 23 campuses walked off the job Monday, beginning a massive education strike at the largest public university in the U.S.
Florida proposes bills to loosen child labor laws: The two bills, which would make it easier for teens to work longer hours in more dangerous jobs, are making their way through the Florida legislature.
CHECKLIST
Add these books and videos to your to-do list
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NUMBER TO NOTE
66%
That’s the percentage of the 1,400 executives surveyed by Boston Consulting Group who say they’re uncertain or outright dissatisfied with their company’s progress on AI so far.
BCG’s survey, which was released at the World Economic Forum’s annual meeting in Davos, Switzerland, last week, reflects a “wait-and-see” approach among leaders when it comes to AI. Two-thirds of executives said it will take at least two years for AI to move past the hype, and 71% are focused on smaller experiments and small-scale pilots. Read more in my story here.
QUIZ
The Biden administration granted $5 billion toward student debt relief last week for about 74,000 borrowers despite its more ambitious student loan relief program being thwarted by the Supreme Court last year. Which type of workers will largely benefit from this latest round of student loan forgiveness?
Government
Public servants such as teachers, nurses and firefighters
Technology
Artisans.
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