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What Elon Musk’s New Hyperloop Means for the Entrepreneur

Wouldn’t it be nice to travel from New York to Washington D.C. before you even finish your morning coffee? Well, Elon Musk took to Twitter to unveil a fast, hassle-free design that it is in the works. The Hyperloop is an underground train that will travel along the busy section of the Eastern Seaboard between New York and Washington D.C.

On Twitter, Mr. Musk said he has “verbal government approval” for his new hyperspeed train. One of his companies, the Boring Company, would build an underground hyper-speed railway system connecting the nation’s capital to New York, Philadelphia, and Baltimore, enabling people to make the trip in 29 minutes, at a speed of 800 miles per hour. While still in the beginning stages, this new Hyperloop presents a massive benefit to entrepreneurs: time saved and money earned.

Important for the Entrepreneur

Experts say that time is one of the most important things an entrepreneur needs to focus on. Marjorie Adams, CEO and founder of technology and consulting firm, Fourlane, said, “Time is the biggest issue facing small-business owners.” A sentiment that Corporate Business Solutions Reviews continues to reiterate as important. With time often equating directly to money, whether through travel fare or lost time between business ventures, Musk’s Hyperloop can help the entrepreneur meet with a potential big client in NYC, while still making it back to their home office in Philadelphia in under five hours, for instance. Also, it’s expected that this quick travel time will benefit many smaller cities nuzzled between these bigger metropolitan ones, causing many growing cities on the East Coast to turn into places reminiscent of Silicon Valley – another benefit for those seeking the fast-paced life and opportunity of entrepreneurship.

While no indication has been given of who in the government has greenlighted the plan, the New York Times reports that the Department of Transportation has stated: “We have had promising conversations to date, are committed to transformative infrastructure projects and believe our greatest solutions have often come from the ingenuity and drive of the private sector.”

Travel Time

Musk’s Hyperloop is considerably shorter than any travel system out today. A drive from D.C. to New York can take about five hours. Amtrak’s Acela, its high-speed counterpart cuts the time to about two hours and forty-five minutes. A non-stop flight from Kennedy Airport in New York to Ronald Reagan National Airport in Washington is currently the fastest option, clocking in at about one hour and fifteen minutes.

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It is an exciting time to be an entrepreneur, and if Musk’s Hyperloop continues as planned, it could also be the most lucrative time to be one, as well.