10 Jun

Starting a Business with Modafinil

It’s everybody’s dream: Owning your own business, being your own boss, not having to answer to anybody but yourself and your desires. As great as it sounds few people ever actually take a chance and try to launch their own company. A recent Forbes article showed that 13% of US citizens were involved in a start-up, but that does not mean they were the owners.

If the vast majority of people want to have their own business, then why don’t they try? While many have tried and failed the number of people who haven’t tried at all is staggering in comparison. Perhaps the biggest reason is simply a lack of opportunity. Most people assume that businesses are expensive to start, but in reality many businesses can be started for a few thousand pounds. No, the biggest obstacle to the would-be entrepreneur isn’t money or ideas, it’s time.

Businesses typically take at least a year, perhaps two to reach the point of profitability where the owner can afford to take a full salary from the business and live comfortably. This means that for most start-ups the owner either has cash saved up or has another job to support himself while the business grows. Most of us are already exhausted by our 9 to 5 plus commute, now imagine adding a completely new experience on top of that. That part-time business on top of your existing responsibilities can mean that you end up ineffective on everything that you do.

What starting a business looks like

To get a better picture of how modafinil can help an entrepreneur let’s imagine we have a single person with a regular work schedule that ends at 5 PM. Normally our ambitious individual would have woken up at 8 to be at work by 9, but now with the new business demands she wakes up at 6 to make a batch of her specialty soap.

After working all day he finds himself sleepy since he woke up two hours earlier, but he still needs to go and try to sell some of his latest product to local vendors before they close in the evening. Unfortunately lacking energy his sales pitch doesn’t have the same impact as it might have otherwise and the products will stay on his kitchen shelf.

She gets home at 9 and falls asleep on the couch watching TV with a bowl of ramen. The lack of a good meal will affect her tomorrow as she tries yet again to make some more sales and produce a better product for her potential customers.

Starting a business, now with modafinil

Let’s run through this scenario one more time. First, our future star wakes up and takes 100mg of modafinil, half a pill, first thing out of bed. By the time she’s warming up the stovetop the effects are kicking in. She pays careful attention to her work and the soap she makes today is particularly good. She writes down the changes to her method to copy tomorrow.

Work is a little busier than usual: more customer complaints to sift through. But because of modafinil our guy is able to get into a nice rhythm and avoid distractions, finishing off a stack of papers in half the time it would have normally taken. He gets to have a longer lunch as a result. Before he eats it though he takes the other half of his morning’s pill, ready to recharge for the second half of the day.

Work is done, and now it’s time to sell. With added intensity and a well-rehearsed speech she finally nails down a potentially big customer and gets her product stocked into a local boutique shop. She comes home and prepares something decent to eat. As the modafinil wears off she decides to spend a little extra time on the label to make it more presentable in stores. This morning’s batch is ready to be packaged and she’s confident it’ll be a hit tomorrow.

Starting a business can be easier with modafinil

Modafinil isn’t going to give you the brilliant idea that you need to become a successful entrepreneur, and it won’t magically put money in your pocket to start your businesses. All it can do is help you to maximize your time and use your energy better. Since time is one of the most critical resources for start-ups, modafinil can be a huge boon to someone trying to start their own business. If you’ve ever had the dream but have yet to give it a try, maybe the little white pill is all you need.

 

 

20 May

Modafinil: The New Fuel of Wall Street

Modafinil use has increased tenfold in the last decade. Who better to take advantage of it than entrepreneurs? “The new fuel of Wall Street” is what New York Magazine referred to it as in an interview with Peter Borden, a quantitative analyst on Wall Street, who spoke about his experience with modafinil, how it has grown among businessmen like himself, and why he not only prefers it over drugs like Adderall, but considers it the most effective nootropic available.

His name was Peter Borden

Peter was hesitant at first. He always preferred alternative medicine or natural treatments like acupuncture. Peter was working two jobs at the time doing quantitative analysis and project management by day for a B2B start up, and at night developing a proprietary high frequency trading system for a Wall Street start-up of his own. There’s only so much a person can do given 24 hours a day, and Peter found himself short on time for both his endeavors. Modafinil to the rescue. On his first day with it, after a few hours he described “a pleasant fuzziness, but not fuzzy-headed, but crisp. A crisp softness to it.” Mr. Borden soon began experiencing levels of concentration he never imagined possible. He described his focus as his senses shifting to visual, the auditory sense went down as if sounds no longer registered, and “it was like walking around on a winter day when it just snowed. It was very easy to stay visually focused”, claimed Peter.

Peter described a “head rush” and said it was as if his eyes were sort of engorged and his awareness had moved to the front of his face. That potent focus gave tasks once considered “usually soul-crushing” his undivided attention. He would spend hours fine-tuning his ad campaigns for the new business and he worked faster and for longer hours, but most importantly with better results. He claimed he was not taking many breaks, felt no frustration, and things came out with fewer errors than usual. Not only was he able to do these once frustrating tasks without any bother, he actually felt happier.

Wall Street’s new best friend

In New York, Borden heard various traders and hedge-funders on Wall Street talk about modafinil as “the big league” compared to the layman’s 5-Hour Energy. Though he did note that they didn’t tend to boast about it as much as the guys in the tech department would. Competition breeds secrecy, can’t be giving away your advantage.

Peter’s case isn’t the only public one either. Entrepreneur Daniel Tenner also used modafinil to launch his first company while he was still working for the consulting firm Accenture. He was waking up every day at 4am to work until 7am, napped an hour, and then went to work at his day job before promptly sleeping again at 11pm. He was also working weekends to make sure he could launch his company. Modafinil kept him closer to 100% throughout the day instead of falling off the cliff of exhaustion.

The only way to push the physical limits of the body is to bring in some hired help, and modafinil is a lot cheaper than an employee. A new business is as important to an entrepreneur as a new baby would be, and it requires just as much devotion and sleepless nights. It’s no wonder then why Wall Street and Silicon Valley startups alike are turning to Modafinil for a chance to reach their dreams. The two deserve a romantic comedy next summer, they’re that good of a couple.