The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

The 5-Hour Rule Used by Bill Gates, Jack Ma and Elon Musk

Happy Wednesday, and welcome back to Entrepreneur at Work. This week you'll want to read about the five-hour rule that some of the most successful people in the world use to become better and more successful outside work hours. It might seem counterintuitive to slow down and "waste" your time like this... but if it works for 86% of millionaires, there's got to be something to it.

Elsewhere this week, you'll get an Airbnb horror story with potentially wide-reaching implications, a peak into Microsoft's salary tiers, and an exploration into how Spirit Halloween makes it work. We also have stories from around the internet on Steve Jobs' take on leaders vs. bosses, how humans will become more valuable in an AI world, and a way to hack your to-do list once and for all.


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'We Don't Sleep Anymore': Airbnb Host Grapples With 'Tenant From Hell' Who Refuses to Leave

In LA, a standard Airbnb transaction became a nightmare for the property's owner when a long-term renter refused to leave at the end of her scheduled stay. More than that, she won't let the property owner into the unit to make repairs, and she's demanding a $100,000 relocation fee from the host.

Lawyers are involved on both sides, with the renter's lawyer arguing that because the city never approved the unit for occupancy, she doesn't owe rent. If she wins the case, it could have implications for landlords everywhere.

Get the details.


Microsoft's Salary Guidelines Were Leaked — Here's How Much New Employees Make

It's no secret the tech sector pays well, but just how well is often hard to find out. Until now, that is: Business Insider got a hold of leaked pay guidelines from Microsoft that show salary ranges, stock awards, and hiring bonuses that various levels can expect.

The levels themselves are a little vague — according to Insider, a "principal" might start at level 65, someone more entry-level might be a 52, and a high-ranking executive could be an 80.

The salaries listed range from $42,500 with no extras to $361,500, with annual stock awards of around $1 million, plus a $1.2 million hiring bonus. (Must be nice.)

Here's a look at some of the salaries offered by Microsoft.


For Entrepreneur+ subscribers

The Hidden Dangers of Running a Pop-Up Shop Like Spirit Halloween

Every year around this time, Spirit Halloween emerges from its coffin, hires 40,000 seasonal workers, opens locations all across the country, and sells you Halloween costumes for two short months, before returning to its long slumber.

Spirit Halloween makes the pop-up strategy look compelling, but there are hidden minefields there that the company has to dodge. How does it pull it off — and how could you?

Let's unmask Spirit Halloween's pop-up success.

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Around the internet

Here's what else we're reading this week.

  • Years Ago, Steve Jobs Said There's 1 Simple Choice That Separates Leaders From Bosses (Inc.)
  • In a World of Infinite AI, the New Luxury Item Will Be Humans (Insider)
  • 3 Research-Backed Ways to Turn Your To-Do List Into a Productivity Powerhouse (Fast Company)


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Thanks for reading, and see you next week ??

CHESTER SWANSON SR.

Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer

1 年

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