6 min read
Opinions expressed by Entrepreneur contributors are their own.
I recently celebrated my 51st birthday and reflected on the many things I’ve learned since my first startup.
Most of my learning has come from two places—the wisdom of others intended to help me avoid mistakes and the many mistakes I made despite all their wisdom. The opportunity to practice resiliency that comes from overcoming mistakes is priceless. I’ve seen firsthand that the most challenging mistakes are the ones that involve other people.
My experience is that solving most big problems requires a team of people rallying together to figure out how to both imagine and execute solutions. The execution is often where challenges begin between people, even those dedicated and committed to the mission.The greatest anxiety, frustration and stress often come down to one thing: expectations.
I’ve seen many scenarios unfold over and over again; here are the top four:
1. Not setting expectations
This is the most common culprit of conflict between individuals or teams: not setting expectations in the first place.
“We met last week about the new campaign. We agreed when the new campaign would kick off. Then today, I got copied on an email to the client, and the date was way earlier. I’m so annoyed.”
Did anyone document what was agreed to? Who circulated expectations to confirm a shared understanding? Were the client communications expectations discussed and documented?
It’s easy to see how this can happen. Two colleagues assumed they were on the same page. But without an actual page, it’s easy for things to go awry.
Related: 8 Unrealistic Expectations That Can Harm You
2. Implied expectations
This one trips me up all the time and comes in two flavors. Let’s look at the leader disruptor version first.
“The reason I missed this deadline is that our CEO asked me to dig into some metrics on this other project, and it took longer than I expected. I thought an executive’s request was more important and prioritized accordingly.”
This scenario is the leader’s fault—there’s an implied expectation that because a senior leader made a request, it’s urgent and takes precedence. As leaders, we should clearly set expectations—especially for individual contributors who might not know to ask about priority. I’ve gotten better with this, but it still gets me every so often.
The other flavor is hyper-accountable vs. accountable-accountable.
“They know how important the project is to the company. I’ve talked about it in meetings every week. I gave them feedback on their draft immediately. They’ve got everything ready to launch, but the program is still not live. I’m so frustrated.”
Are they bought in? How much does this project align with their goals? Are dates set, documented, and acknowledged by everyone involved? How is the team prioritizing other projects against this one?
The reason I see this as hyper-accountable is that one side is so accountable to everyone around them (an awesome trait) that they assume everyone else is also the same hyper-accountable, and they can’t understand why they are not. The fix is for the hyper-accountable to step back and consider the overall priorities—in addition to what they are most committed to—and adjust their expectations accordingly.
Related: The Dangers of Overpromising and Under-Delivering
3. Managing expectations
Any project that involves multiple contributors and multiple meetings are likely to change. If expectations have been set and everyone’s agreed to them, things are off to a good start. But then the universe throws a wrench into the mix.
“They just told me that we’re not going to launch for another month. Apparently, this was decided two weeks ago because of a technical gap, but I’m just finding out about it now. I am so defeated.”
How to avoid this mistake is obvious when you see it, but unfortunately, it is also so easy to fall into. In a rush to solve a problem, we often forget to manage and reset expectations.
Are there stakeholders that would benefit from an update? Perhaps a board member who asked a question about a particular project that is now delayed. Are you going to wait a few weeks until the next board meeting, or should you update them sooner?
Related: Tricks to Staying Calm Under Pressure
4. Communicating expectations
One of my co-founder’s favorite quotes is by George Bernard Shaw: “The single biggest problem in communication is the illusion that it has taken place.”
We’re all living with information overload constantly. It can be hard to figure out which email, Slack or text message is important and which can wait. Even if you do consume it all, how much are you really retaining—especially if it isn’t immediately relevant to you?
“I sent a long, comprehensive Slack update, shared the slide deck with the team…asked for their review and feedback, but no one got back to me. They’re saying they didn’t know about this policy change and that we never tell them anything. I am perplexed.”
There’s a combination of problems here, but the biggest is ensuring that what’s communicated is actually being consumed and acknowledged. If you aren’t sure, ask. It’s a bit more work, but it tends to destress the situation.
How does the team prefer to learn new information or participate in decisions? Do they want to be walked through the change and given the opportunity to ask questions live?
The expectation test
When I’m observing a conflict unfolding, I do my best to assess with an expectation test. Does everyone have the same set of expectations? How would I—or they—know? If the answer is anything other than a resounding “yes,” it’s time to probe and see where the expectations may not exist, be weak, not be managed or be impacted by a communications issue. If you’re looking to defuse conflict, start with an expectation test and go from there.
Tesla vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy?
4 min read
This story originally appeared on StockNews
The electric vehicle industry is growing at a rapid pace and as such is attracting the entrance of established manufacturers, such as the China-based Geely (GELYY). But are these new entrants in general, and Geely specifically, be able to threaten Tesla’s (TSLA) leadership position?.
One of the hottest industries in which to invest currently is electric vehicles (EVs). As the globe inches towards clean energy production and consumption, companies within the EV space are poised to grow at an accelerating pace.
While 2020 was a breakthrough year for EV stocks, several EV companies have underperformed the market this year, allowing investors to buy growth stocks at more attractive valuations.
Here we compare two popular EV stocks. One is a market leader, Tesla (TSLA), and the other is Geely (GELYY), a company that is domiciled in the country with the world’s largest EV market—China.
Click here to checkout our Electric Vehicle Industry Report for 2021
Let’s see which stock is a better EV buy right now:
Tesla continues to surprise Wall Street
In the first quarter, Tesla sales were up 74% year over year, driven primarily by a 109% increase in vehicle deliveries. Its net income also surged to record highs on the back of regulatory credits.
In Q1, Tesla increased deliveries of its low-cost Model 3 and Y by an impressive 140% year over year to 182,338 units. However, deliveries of its higher-priced Model S and X vehicles were down 83%, at 2,030 units, in Q1 because Tesla put the production of these vehicles on hold and aims to launch newer versions of the models in coming months.
Tesla reported $438 million in net income, or $0.93 per share, in the first quarter. This included a $101 million gain associated with its sale of Bitcoin. It also reported $518 million in sales of regulatory credits. Tesla bought $1.5 billion worth of digital assets in the quarter. Absent the above-referenced sales, Tesla would have reported a $181 million loss in Q1.
Tesla has pumped in $1.35 billion in capital expenditures and began construction in two new factories in Berlin and Texas. Once these projects are complete the company should benefit from positive free cash flows over time.
Even though Tesla continues to use unconventional methods to boost its bottom-line, it remains one of the best stocks in the EV sector. It is on track to increase its vehicle deliveries by more than 50% year over year in 2021. The company’s management also confirmed it has sufficient liquidity to fund its expansion plans without having to raise additional capital.
Geely stock is down 42% from 52-week highs
An investment holding company, Geely operates as an automobile manufacturer in China. It develops , produces, markets, and sells automobiles and automobile parts and related components. Geely manufacturers sedans, wagons, and sport utility cars.
Geely is an established automobile manufacturer that is now eyeing the lucrative EV space. Earlier this year, China’s tech giant Baidu disclosed that it will partner with Geely Automobiles to manufacture smart EVs. Baidu will provide intelligent driving capabilities while Geely will leverage its design and manufacturing expertise.
But while Tesla is growing its top line at an enviable pace, Geely has seen its sales decline to RMB 92 billion in 2020 from RMB 106.59 billion in 2018. Its EBITDA has also fallen, to RMB 11.83 billion in this period from RMB 17.24 billion. And Geely’s EBITDA margin has fallen to 12.8% in 2020 from 16.2% in 2018.Geely has attributed the sales decline to China’s weak passenger vehicle market. While its sales volume was down 10% year over year in 2019, it fell by another 6% in 2020. This is in-part why its stock is trading 42% below its 52-week high.
The final takeaway
While Tesla is the largest EV manufacturer in the world, Geely is still trying to gain a foothold in this nascent industry. In terms of valuation, Tesla is trading at a far higher multiple than Geely. For example, Tesla’s trailing price to sales multiple stands at 20.5x, while Geely is valued at less than two times trailing sales.
But Tesla’s robust revenue forecast and expanding profit margins can support this lofty valuation, making it a better investment bet right now.
TSLA shares . Year-to-date, TSLA has declined -5.97%, versus a 12.45% rise in the benchmark S&P 500 index during the same period.
About the Author: Aditya Raghunath
Aditya Raghunath is a financial journalist who writes about business, public equities, and personal finance. His work has been published on several digital platforms in the U.S. and Canada, including The Motley Fool, Finscreener, and Market Realist.
The post Tesla vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy? appeared first on StockNews.com
Former Olympic Boxer Felix Verdejo-Sanchez Arrested for Kidnapping and Killing Pregnant Woman
“I commend our partners in the FBI, the Puerto Rico Police Bureau, and the Puerto Rico Department of Justice for their dedicated and tireless efforts that led to the charges and arrest of the defendant,” said United States Attorney Muldrow in a written statement. “We will continue working towards the ending of gender-based violence, and we offer our deepest condolences to the family of the victim.”
Verdejo-Sanchez was arrested on a federal criminal complaint charging him with: (1) kidnapping resulting in death, in violation of Title 18, United States Code, Section 1201; (2) carjacking resulting in death, in violation of Title 18, United States Code, Section 2119(3); and (3) intentionally killing an unborn child, in violation of Title 18, United States Code, Section 1841, also known as the “Unborn Victims of Violence Act of 2004” or “Laci and Conner’s Law.” The penalties for the kidnapping and carjacking statutes include life in prison or the death penalty, and life in prison for the intentional killing of an unborn child.
“Puerto Rico mourns Keishla Rodríguez’s death. Our deepest condolences to her family and friends. The Puerto Rico Police Bureau and the federal agencies have worked long hours collaborating as a team to solve this cold murder expeditiously. Our police officers’ dedication, passion, and experience were essential in solving this murder in 48 hours. It demonstrates how the collaboration of efforts is essential for our public safety. We’ll keep on working together and we will seek justice for Keishla,” said Alexis Torres, Secretary of the Department of Public Safety.
“I congratulate the policemen, prosecutors, and forensic sciences personnel, who, as a single team, tirelessly and with the greatest of commitments, put their hearts to solve Keishla’s case in an agile and precise way. Our commitment to her family, from day one, was to do justice to Keishla and we have already begun to do so,” said Antonio López, Puerto Rico Police Bureau Commissioner.
Google sued for ‘pirating’ Mexican movies on YouTube
Spanish producer Carlos Vasallo filed the lawsuit against the two Alphabet companies in Florida.
2 min read
This story originally appeared on Cine Premiere
Google faces a lawsuit, in a federal court in Florida, by the Spanish audiovisual producer Carlos Vasallo , who accuses the company of allegedly exploiting the piracy of his films on the famous video website. According to information issued by reporter Peter Hayes from the Bloomberg portal, Vasallo claims to have “the world’s largest collection of Mexican and Latin American films.”
Within the lawsuit filed last Monday, May 3, Carlos Vasallo’s company, whose name responds to Athos Overseas, affirms that Google has allowed the films of its property to be shown on the YouTube platform to generate income without making any license payment . “The films have been viewed countless times on YouTube and have generated significant income for the defendants,” the lawsuit document said. ” Google and YouTube have been unfairly enriched by the intentional misappropriation of the films , causing Athos to suffer a loss in the value of the collection,” adds ( via ).
In the lawsuit, it can also be read that said collection of films are “a valuable part of Mexico’s Golden Age” and that Carlos Slim had even offered Vasallo more than $ 100 million for the entire series of films ( via ).
Who is Carlos Vasallo?
Currently, Carlos Vasallo is CEO and president of América CV Network. But since 1975 he has been in charge of founding and directing various companies focused on audiovisual production such as American General Films USA, Mexican Home Video, Video Universal México, América Home Video, Films Nacionales, Cinematec Video, Connoisseur Video, Top Entertainment, Cine Estelar, Cinema Nostalgia and the television channel Vasallo Vision ( via ).
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