Big Tech “Fixing” Healthcare? Do Entrepreneurs Sleep? Do they Retire?

Healthcare for Small Business May Be Picked Up by the Power Players

In a joint statement issued from Alphabet, Amazon, IBM, Microsoft, and Salesforce, these companies committed to the following:

“We are jointly committed to removing barriers for the adoption of technologies for healthcare interoperability, particularly those that are enabled through the cloud and AI. We share the common quest to unlock the potential in healthcare data, to deliver better outcomes at lower costs.”

Within the CNBC article, Christina Farr writes, “One of the biggest and most overlooked problems is that patients still find it too hard to share their medical information between doctors, especially those working in different hospitals.”

Why has it taken so long to “fix” the broken healthcare system in the United States when improving healthcare for the whole country means a continuation of improving healthcare for entrepreneurs? Hospitals, doctors, insurance agencies, and the government at-large are resistant to change. Plus, there are strong economic incentives for things to be kept the same.

These companies...they’re ready to shake things up a bit. In terms of the status quo of healthcare today—they’re sick and tired of it. Stay tuned for the unveiling of the future of healthcare.

Sleeping Entrepreneurs...Oxymoron?

When business is booming, what’s the first thing that goes out the window for entrepreneurs? It’s sleep.

In a recent interview with The New York Times, Elon Musk admitted to working for a 120-hour stretch.  (Let me do the math for you...that’s five days.) Five days without getting any shut eye may seem necessary to keep business going, but, in the end, forgoing sleep is detrimental to the bottom line.

Sleep is necessary...especially for entrepreneurs.

Arianna Huffington, the author, founder, and CEO of The Huffington Post, said, “My big idea is a very small idea that can unlock billions of big ideas, and that can only be achieved with a good sleep.”

Doctors and researchers are encouraging entrepreneurs to study the facts...and to get some zzzzzs. Eliminating sleep from your daily routine means you 1.) won’t be on your A-game the next day, 2.) are harming your long-term health, and 3.) are more likely to miss work or have lower productivity while you are on the job.

If you’re a troubled sleeper and/or think business can’t wait, consider meditation or hiring a few more staff members to cover business while you’re sawing logs.

Do Entrepreneurs Ever Really Retire?

When you strike it rich, what do you do? You put in an in-ground pool. Or maybe you’ll fly your family to Paris. Maybe you’ll play golf all day or actually book your spot for cooking school in Tuscany. Go ahead and spend you dollars.

“Retirement” in the era of entrepreneurs means different things to different people. For some, retirement is what’s unlocked once an entrepreneur reaches “the finish line,” hits a certain chunk of change, or is happy with the sum total in their bank account. For others, retirement may be the hope of working less or not working at all.

The association with entrepreneurs is they work hard for a few years and then sell their startup for big bucks. There is a wide variety of entrepreneurs in the world, you being one of them! Yet, you already know...income as an entrepreneur is irregular. When considering retirement options, you may uncover that public benefits like social security aren’t as secure as they once were. Health insurance costs are rising. Housing and property taxes. Home mortgages still need to be paid for.

Is retirement even an option then?

If these expenses sound downright daunting, start arrangements for saving now. You never know what the future might hold. Planning ahead now means you’re less likely to be in a money crunch later on down the line. In other words, if you put in a pool make sure you still have enough saved to afford a cabana.