Back in 2016, I wrote a post called "Manager vs. maker," where I cited an essay by Paul Graham that talks about these two modes of working. To quickly summarize, the manager's schedule is for bosses. It's a calendar broken down into units of an hour that gets filled with lots of calls and meetings. Things are said, and then the manager moves on to the next appointment.
Makers, on the other hand, can't operate in units of an hour. If you write, program, design buildings, create financial models, or do anything that requires uninterrupted focus, sporadic meetings are the most effective way to neutralize any sort of productivity. You need solid blocks of time. I was reminded of this post today because, as I said back in 2016, I like making things.
But it's even more than that. Deep work, reading, and strategic thought are, in my opinion, how you win. And to do these things you also need solid blocks of time. You need mental space. And the 12 minutes you have before your next call, isn't it. So I'm reviving my old post, and Graham's old essay from 2009, as a reminder to myself to be more ruthless about saying no and guarding my calendar.
Don’t your spirits rise at the thought of having an entire day free to work, with no appointments at all? Well, that means your spirits are correspondingly depressed when you don’t. And ambitious projects are by definition close to the limits of your capacity. A small decrease in morale is enough to kill them off.
Don't kill off ambitious projects. Block time for them.
I just read about a popular co-working company in New York called Framework. The concept is super simple. They rent single-person office pods (see above). Each one is sound insulated and has a sitting/standing desk, a filing cabinet, a kettle, a french press, and a small fridge. And at their latest location in Williamsburg, these rent for $820 per month. Their tagline is "your home office away from home" and I think that's a good way of describing the offering. Because let's consider the math.
These pods are 8 feet x 8 feet. So at $820 per month, one would be effectively paying about $12.81 per square foot in rent, which I would assume is significantly higher than average apartment rents in the city. If you take the present value of $820 per month over 25 years at a rate of 5% (to generally simulate mortgage payments), you get close to $140k in value. My point being that if you can afford an additional $820 per month for an office pod, then you could likely afford to rent or buy a home with an additional 64 square feet.
But from what I can tell, that's not necessarily the main problem that Framework is solving. The key words seem to be: "away from home." Home can be distracting for some people and in some situations. If you're trying to get serious work done, I can see why shuttering yourself in a pod would be an attractive solution.
Photo via Framework
Adam Grant's recent NY Times article about languishing -- the psychological middle state that exists somewhere in between depressed and flourishing -- has been making the rounds online. Perhaps it is because COVID sucks and many of us can relate.
Either way, three points in the article really stood out to me (at least one of which, in my mind, directly ties back to real estate).
Firstly, I found it helpful to hear him describe what flourishing is. In his words, "flourishing is the peak of well-being: You have a strong sense of meaning, mastery and mattering to others." This resonates with me. I know that I am at my best when I'm accomplishing things and making progress.
Secondly, he puts forward a possible solution to languishing -- it's the concept of "flow." Flow is when we are absorbed in meaningful and challenging work and where, again in his words, "your sense of time, place and self melts away." This also resonates with me. I am a big fan of a flow (even if I didn't know what it was called).
Thirdly -- and this one is important as we all think about the future of work/office space -- focus is paramount to doing exceptional things! Here's an excerpt that I immediately paused on as I was reading the article:
Fragmented attention is an enemy of engagement and excellence. In a group of 100 people, only two or three will even be capable of driving and memorizing information at the same time without their performance suffering on one or both tasks. Computers may be made for parallel processing, but humans are better off serial processing.
For the rest of Grant's article, click here.