Should I work at a Startup Company?

      In August 2021 the U.S Bureau of Labor and Statistics reported that the unemployment rate dropped to 5.2%. There was significant growth in professional and business services, transportation, warehousing, private education, manufacturing, and other services. However, in the retail sector employment declined over the month. Throughout 2021, job growth has averaged around 586,000. In the state of New Jersey, employment increased in August by 20,300 and is split between the private and public sectors of the state’s economy. Currently, there are a plethora of rising startup companies in varies industries popping up all over the country. Some of those companies are hiring however, working for startup companies can have its pros and cons.

      Working at a startup company can be an exciting experience. Depending on what your career goals are, what kind of work environment and schedule you want could determine whether you accept the job. Startups can provide an employee with a unique opportunity to be innovative while working in a causal work environment. When working for established companies it can be stifling because it usually takes time to climb the ladder and sometimes ideas are often overlooked. Startup also provide an opportunity to have active input into the daily operation and long-term business plan. There may also be less over head meaning you would only have to report to one or two people instead of a board. Depending on the industry the startup is developed in there may also be opportunity to travel or even relocation once the business is established.

    Furthermore, working for startups can also have some cons. Some startups may require a lot of time devoted to the company which means other areas in your life may be affected. Mental health may deteriorate throughout the growth of startup which could lead to extra stress. Since the company is just starting the pay may not be the greatest and only GOD knows how long it will take for the money to roll in. There may also be a higher chance of being furloughed or unemployed. For some employees a work environment that is too casual or lacks structure may discourage employees from applying or staying at the job.

     Because of these pros and cons I would only work at a startup if certain criteria were met. Before I make decisions, I like to talk to my father which may require me to fast and pray. While I’m fasting and praying, I’m researching the company which could be difficult since the company is new. I would be looking at things like who investors are, what the company goals and values are and how the company would impact communities. I would look at what the trends are in the industry the startup is trying to penetrate. What kind of financial opportunity would the company provide down the road. Also, I would be curious to know would the company stay private or become public. Private companies tend to stay in the hands of the initial founders, management, or group of private investors.

   All in all, if my father approved of the company and job, I would take the job. If the company did not have morals or values that are like mine, I would not take the job. Like I stated before I do not make decisions without consulting my father. In the King James Bible, Jeremiah 29:11 states; For I know the thoughts that I think toward you, saith the LORD, thoughts of peace and not of evil, to give you an expected end.  For those who choose not to seek GOD, I would encourage you to research and ask a lot of questions so you can make an informed decision.

For your consideration:

https://www.bls.gov/news.release/empsit.nr0.html

https://www.nj.gov/labor/lwdhome/press/2021/20210917_unemploymentaugust.shtml

https://www.builtinnyc.com/2019/06/09/tech-companies-in-nj-startups

https://www.forbes.com/sites/elenabajic/2019/09/05/should-you-work-at-a-startup-heres-what-you-need-to-consider-first/?sh=31a8b1ad7b5a https://www.investopedia.com/ask/answers/difference-between-publicly-and-privately-held-companies/ https://www.njeda.com/njeda-celebrates-the-success-of-nj-accelerate-supported-morgan-stanley-multicultural-innovation-lab/

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Housing in New Jersey

Are you looking for a new state to move to? Well, if you’re interested in New Jersey here are some things to consider. On Saturday July 31, the Biden Harris administration’s extension of the federal eviction moratorium ended. The moratorium was initially set to end June 30 but was extended another month nationally. In New Jersey, Governor Phil Murphey wrote numerous executive orders that would also provide relief to renters, mortgage holders and landlords. Executive Order 106 prohibits removing tenants from residential properties during covid-19 state of emergency and judgments for possession, writs of possession, and warrants of removal may not be enforced during this period. Executive Order 106 will not expire until January 1, 2022, and the state has also announced other initiatives to support renters and homeowners. However, the eviction moratorium may end earlier than the current deadline of Jan.1, for families with higher incomes.       

According to Nj.com, low inventory and eager buyers are what is affecting the market the most. Buyers are trying to take advantage of low interest rates, but low inventory is causing biding wars as well as sight unseen offers. Some buyers are also forging certain contingencies like home inspections and appraisals to win the bid wars. In North Jersey, buyers have been moving from urban areas to suburb areas. Some buyers have experienced long lines at open houses and homes that needed upgrades have been selling above their value. Teaneck, Upper Saddle River and Sparta have seen the highest increase in home value in this post pandemic market.  In South Jersey, it seems older houses tend to sit on the market longer than new construction, while move in ready homes are the quickest to sell. Covid has also jacked up the price of lumber and other building materials and builders cannot keep up with the demands of the housing market.

Furthermore, down at the Jersey Shore, the housing market is like North and South Jersey but there seems to be more inventory. According to NJ 101.5, housing values have increased 16% since last year and values could increase another 9%. There seems to be land and commercial properties available as well as new apartment complexes being built. One would assume that the Jersey shore is taking advantage of the buyer demand and are working on building up the area. I can see the North and South Jersey markets to slow up more this year but down at the Jersey Shore I would assume the market will continue to grow. However, in this “supposed” post pandemic era, I would be cautious in all movements, especially when it comes to buying property. I think buyers who skip home inspections are brave. I can understand skipping an appraisal, but home inspections can reveal the true condition of the property. I believe it is important to buy a house that has good bones. The only way I would skip a home inspection is if Yahshua Hamashiach guided me to that house.

Luke 6:48
“He is like a man building a house, who dug deep and laid the foundation on the rock. And when a flood arose, the stream broke against that house and could not shake it, because it had been well built.”

Overall, for the rest of 2021, I believe that the housing market is going to have high tides and low tides. Just like the beautiful beaches that are attracting buyers to coastal areas in New Jersey. 2022 will probably bring new changes to the housing market as political races commence. Everything in our society seems to change daily. There are many forces influencing these changes and I would take the time to research things thoroughly. I would also encourage people to reach out to Yahshua Hamashiach, he has all the knowledge needed to move sight unseen.

https://www.justia.com/covid-19/50-state-covid-19-resources/eviction-mortgage-foreclosure-relief-during-covid-19-50-state-resource/#new-jersey

https://www.northjersey.com/story/news/2021/06/22/new-jersey-eviction-moratorium-end-date-could-sooner-under-new-bill/5302950001/

https://ballotpedia.org/New_Jersey_elections,_2022

https://www.njrealtor.com/research/10k/embed/#?secret=U2WSkfbXOL

https://nj1015.com/hot-housing-market-isnt-slowing-down-at-the-jersey-shore/

https://www.noradarealestate.com/blog/housing-market-predictions/