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Top tips by Nick Freud, co-founder of CampusReel, Forbes U30 USA 2020 award winner, shared at Young Business Club.


Rob Carroll and Nick Freud, CampusReel, Forbes U30, Young Business Club of New York City, YBC NYC

Nick Freud is currently one of the top startup co-founders of the USA. His company, called CampusReel, helps potential students from all over the world to get acquainted with their university based in the USA before the application procedure or moving. CampusReel organizes virtual tours for applicants, allowing them to spend half of the day on Campus and even attend some classes.

CampusReel maintains a library of 17,000 videos created by students at 355 colleges and universities, offering candid, insider perspectives to prospective applicants and high school counselors. It has reached users in 140 countries in less than three years and raised $1 million in funding.

Nick Freud, CampusReel, Forbes U30, Young Business Club of New York City, YBC NYC

Recently I invited Nick to give a speech for members of the Young Business Club of New York City (YBC NYC) and asked to describe his way to the own business. Nick gave several great tips to those who already started their own business and to those who are looking for the secret success formula. I’ve gathered three recommendations and I’m happy to share them with you.

Nick thinks that just one person can’t build a large business. It’s stressful, robust, and pretty much impossible. Nick and his friend Rob Carroll rule CampusReel together. They were friends long before they became business partners. Today they both are responsible for different parts of the processes taking place in the company — Rob, for example, oversees the technical issues. At the same time, Nick works more with general tasks.

Of course, business partnerships can be not only pleasant and can lead to severe working or even personal problems. According to Nick Freud, the key to successful collaboration is respect, listening to each other, talking, talking, talking. In situations when you can’t find a conventional solution with your business partner, the best way is just to take a step back and not to push.

Rob Carroll and Nick Freud, CampusReel, Forbes U30, Young Business Club of New York City, YBC NYC

CampusReel team is based all over the world. Its structure is the following — Rob and Nick are the only full-time company employees, but they actively collaborate with the variety of contractors in a lot of fields — design, development, etc. Contractors are based overseas, in Ukraine, the Philippines, and other countries. There is a language barrier that sometimes cannot be so helpful. In this case, Nick recommends continuously keeping an eye on the communication level and never giving a task without an explanation. Personal talks and meetings are critical if you want your company to be productive and effective.

One more key for a high level of understanding of each other, according to CampusReel — is having daily meetings and quick talks in Slack, Hangouts, and other platforms, which help to organize working schedules correctly.

Communication is energy. Moreover, it’s a way to show your co-workers that you are ready to give them your attention and answer their questions. Good meetings are not only to exchange information but also to encourage people and lift their working potential.

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Probably a lot of entrepreneurs starting their projects don’t know how to stop working. They simply feel guilty for just a day-off or evening in front of the TV. It’s quite a dangerous approach that can lead to nowhere.

Nick suggests to let yourself relax a bit more. Everyone can have his or her way to work-life balance, but we all need some rest from work despite any circumstances.

Young Business Club of New York City. YBC NYC. Denny Copy, founder of YBC NYC.

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