FASTer - Issue #108

In Buddhism, it is said that "what you think, you become." Our mindset is crucial because it controls how events around us influence us. A scarcity mindset, which focuses on what we lack, can cause fear and anxiety, while an abundance mindset, focused on what we have, can provide a sense of security and confidence. Mindset is essential for success in all aspects of life, as it controls our reactions to external events. Scarcity and abundance mindsets are two sides of the same coin.

Grant Achatz is one of the most innovative chefs in America. In 2008, he was diagnosed with stage-four tongue cancer. He became a chef who couldn't taste. It forced him to use his other senses & figure out new ways to push the envelope that made him even more cutting-edge. It was not an easy process or some thing any one plans for, yet he was faced with a problem, instead of looking it from a scarcity mind set, that he would have one less sense to use, he looked at it from an abundance mindset, that he would have other senses that he can hone and use.

Count your blessing but make them count

But have an abundance mind set.

Life has a way of throwing unexpected curveballs that force us to re-evaluate everything we thought we knew. For renowned chef Grant Achatz, that curveball came in the form of a devastating diagnosis: tongue cancer. Suddenly faced with the possibility of losing his sense of taste forever, Achatz was forced to confront a daunting question: how does one continue to create and innovate in the culinary world without the ability to taste?

Rather than giving up or resigning himself to a life without flavor, Achatz turned to his ingenuity and started from scratch. He began experimenting with new techniques, sketching out dishes on paper and relying on his other senses to guide him. And what he discovered was astonishing: taste is not just about what we experience on our tongues, but also what we see and smell.

Achatz's journey of reinvention ultimately led to the creation of groundbreaking dishes that took his restaurant, Alinea, to new heights. His story is a testament to the power of perseverance and the human spirit, reminding us that sometimes the greatest innovations arise from the most unexpected challenges.

The story of chef Grant Achatz teaches us an important lesson: when faced with daunting challenges, we must not give up. Instead, we should turn to our ingenuity and explore new ways of thinking, using all of our senses to guide us towards new solutions. In today's uncertain economic climate, this lesson is more important than ever. By cultivating resilience and a willingness to adapt, we can overcome even the most challenging of circumstances and emerge stronger and more innovative than before. So let us remember Achatz's example and never give up hope.

Outcomes

The richest man in the world doesn’t make cars, rockets, or enterprise software — he makes handbags. Your outcomes are not tied to creating software, or tech, or some thing mind blowing. Handbags will do just fine, so long as you are dialed in to making your outcomes matter.

The CEO of LVMH, Bernard Arnault, is worth more than Warren Buffett and Mark Zuckerberg combined, despite not selling things people need. LVMH controls luxury brands like Louis Vuitton, Tiffany & Co., and Loro Piana. By assembling artisans and creating scarcity, LVMH generates a supply/demand imbalance and a cash volcano that they can turn on/off as needed. The companies with the greatest multiples are those that are artificially supply-constrained, putting a dial on the spigot that managers control. This means the decision to have more revenue is just a function of when they'd like more revenue. Don't give up hope just because you don't have advanced degrees or technical skills. The key to success can be found in creating something people want and generating scarcity.

Create scarcity of product not your mindset. Create some thing people want...Think it through, you will not become wealthy by working alone, you can get wealthy by creating a product that is loved and wanted whose supply you can turn on and off at will.

One New Thing (That I didn't Know)

Decades ago, when Volvo 144s — sturdy, boxy sedans that were made until 1974 — were still in production, Swedish businesses started expanding into a promising new market: North Korea. In the mid-1970s, export companies signed huge trade contracts and shipped tons of Swedish-made industrial equipment to North Korea — including heavy mining machinery and 1,000 Volvo cars. From the exporters' point of view, there was money to be made in North Korea's emerging economy.

The cars were shipped and delivered, but North Korea simply ignored the invoice and refused to pay. Till this day the bill for $70 Million remains unpaid making it the largest car theft in history

Boring Stuff That Scales

The right approach wins most days.

“All software companies taste like chicken. They’re selling different products, but 80% of what they do is pretty much the same.”

This is an incredible story of mind set that you can learn from to take the most boring thing and make it scale to enhance your outcomes.

What You Should Be Watching or Reading

This week no video or book or fun thing but a somber chart.

We are squarely at the bottom end of the chart. What you must do is to celebrate a path to EID.(Earn In Dollars). Till you up skill and then scale you will have to deal with this stark reality.

Read this to understand your output in $ per hour. Take control of this reality but work to change it. Without you actively working to understand these charts, nothing will change your outcomes. So start today by first understand the problems of the economic crisis then working to solve for your EID.

Monetize Your Time

By learning about financial planning and finances. If you do nothing today just invest the time to start learning about the subject by reading this thread.

One Last Thing

This week spend time learning about Psychology & life . These visuals will help. Take action. Dont just scroll and whine. Learn and implement.

Bonus! Thought of the week

If you are looking to identify things you should do, what you are qualified to do and learn from, a quick hack is asking a mentor, in the absence of which ask ChatGPT. What?

Copy you'r resume, paste it into ChatGPT. Then ask it what jobs you qualify for. It’d list job titles, recommend roles you are best suited for, and should be applying to. You will be surprised by the outcome. Use this as a map to explore new roles or new things you could be doing in your spare time, let this be the start of your "new" freelancer journey. Some times we are limited by what we know about our selves and are afraid to expand our skill to other areas. This weekend apply this action and see what else you might be a fit for. Things you did not explore because you did not know or were too afraid to explore.

Go here. Your search starts today.