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- FASTer - Issue #109
FASTer - Issue #109
In mathematics 109 is the 29th prime number. As 29 is itself prime, 109 is the tenth super-prime. The previous prime is 107, making them both twin primes. 109 is a centered triangular number. It is also how many weeks ago I started writing this news letter :-)
This was to wake you up. I know nothing about math, admittedly, all my life from birth to the present day I have suffered because of it. All because of, the first interaction or first interactions with it.
Every one learns differently and when you take a whole-sale classroom approach to teach every one the same way, aka rote learning, you mess up peoples learning outcomes. Rote learning is the process of memorizing information based on repetition. Rote learning allegedly enhances students' ability to quickly recall basic facts and helps develop foundational knowledge of a topic. Examples of rote learning include memorizing multiplication tables or the periodic table of elements.
This stuff never worked for me. To this day I can not do basic math. Doing math can cause negative emotions like fear of failure. This harms the learners ability to perform.
Its is called Math Anxiety - Its real...
Math anxiety impacts students as early as the first grade by affecting their working memory. Working memory is like a ‘mental scratchpad’. It is important when we need to keep track of numbers. But this working memory can be disrupted by math anxiety in both elementary and secondary school students. This can lead students with math anxiety to be as much as half a school year behind their peers in math.
Math anxiety refers to a feeling of fear, tension, and discomfort that arises when a person is asked to perform mathematical tasks or think about mathematical concepts.
Its attributed to teachers teaching styles and fear of time, other pressures of public failure and getting labels...Why did I think of this today? because in the grown-up-world, its almost akin to starting a business, being on your own, and fear of failure. Anxiety faced by solopreneurs or first time founders is real.
In my opinion, many people have a lot of plans but struggle to get started due to launch anxiety. This is similar to how everyone in a classroom is taught the same material, but each individual learns differently. In the corporate world, people are often trained to do a specific job or a portion of a task, which doesn't allow them to focus on learning how to build, run, manage, grow, or scale a business.
When we recognize the similarities, we have a chance to address them and apply change management to our own lives for better business outcomes.
Outcomes
I met an amazing female founder who makes decorative earthen ware, super high end, she underpriced those items, sells only on instagram and has more orders than she can full-fill. When I asked her why she doesn't have an online store, she looked at her spouse and said I am bad with tech, he doesn't have time on the weekends so we've really not gotten this sorted. She is a top 5 school grad in her field, highly educated, globally aware and well travelled. She produces a fantastic array of products, but tech seems to be the only thing stopping her from scaling. Why do I say that? She had on average 80 un answered DMs per product post, as she did not list her pricing with her instagram feed. Net net, her loss. So great builder but not fully trained on the business side. The real kicker, nothing is stopping her from learning this. Besides perceptions of tech.
There are several factors that shape the narrative of technology being difficult for women who run home based businesses. Research has shown that women are more likely to put off technical adoption in emerging markets due to societal gender stereotypes and biases. Additionally, women are often socialized to believe that technology is not for them, which can create a self-fulfilling prophecy of avoiding technology-related tasks. Furthermore, women may lack access to technology or may not have been led to believe it's complicated. For local women led businesses to win, this bias has to change for better outcomes for such entrepreneurs.
To make women entrepreneurs more open to using technology, it is important to provide training and education on how to use technology in a user-friendly way, this in it self is a service vertical and a business opportunity . This can include providing resources and support for learning basic digital skills, such as social media marketing, website development, and e-commerce. Additionally, it is important to create a supportive community of women entrepreneurs who can share their experiences and tips for using technology to grow their businesses also an area that some one can build a monetizable business around.
By adopting technology to take their businesses to the digital world, women entrepreneurs can change their outcomes in several ways. Firstly, they can reach a wider audience and increase their sales by using digital marketing channels such as social media platforms and email marketing. Secondly, they can reduce their overhead costs by using online stores to sell their products, rather than relying solely on physical storefronts. Thirdly, by digitizing their inventory and order management processes, they can streamline their operations and focus on growing their business. Overall, adopting technology can help women entrepreneurs overcome traditional barriers to growth and success, and empower them to take their businesses to the next level.
There is a serious barrier to entry in women adopting technology for business and discovery. Each one of those barriers is a potential business opportunity(for some one like you). Especially if you are a female founder/ entrepreneur who has successfully used technology to scale your outcomes you could teach others or build trainings, services, courses as an on-ramp for others. Good business, plus great service in emerging markets.
One New Thing (That I didn't Know)
Nothing you are doing is so important that you cant take a a break. Why? Because even the Shenzhen stock exchange takes a lunch break. Taking breaks allows you to re calibrate your outcomes. When one of the biggest financial services entities thinks it's ok to take one, you need to re evaluate your life and priorities if all you are doing is hustling all the time.
Boring Stuff That Scales
Social Clout.
What do a village youtube cook, a small-town vlogger, a practical advice guru with a large following of online supporters and a fitness influencer who shares workout tips while flaunting their wealth have in common?
Firstly, they all have millions of followers. Secondly, they are not recognized for their knowledge and expertise in investing. They do have social clout, that scales like crazy. Any one with an audience has the super power to be a fin-fluencer, a product-pusher etc but this is mostly being exploited at the cost of the naive local audiences. The influencers also don't know the negative impact of their sales on the lives of ordinary people.
However, despite their lack of experience in the fields where they are endorsing or exerting their influence, their dedicated followers for example, trust their investment advice implicitly or their product recommendations. They have faith that following their recommendations is the fastest way to become wealthy or to achieve some desired goal.
This phenomenon is a result of social media personalities with huge followings. They promote investment advice and platforms that could potentially result in financial losses for those who lack experience in financial matters. Whats the lesson here? to use these networks, audiences & social clout for good.
For Influencers: If you have audiences, instead of doing a one time sale of crap you do not understand your self, its better to partner with some one and products that can actually enhance other peoples outcomes.
For Scrappy Entrepreneurs: Here is an experiment, find 5 tik-tok micro influencers, find a brand/product/service aligned with their thematic content or of interest and significant use to their audience and run non pushy product sales campaigns.
Every one wins, you can build an offline to online - influencer to product sales business aka D2C. Cashing in on the fame of the influencer, but supporting them where they have no business acumen and pairing with and selecting partner products and use their eye balls as a captive sales channel.
Why don't the biggest tik-tok stars in Pakistan have an Eyeliner brand? why doesn't the best village chef on youtube in Pakistan have his line of branded masalas or a video cook book yet?
My advice to you, is to use other peoples audiences, partner with them and use them as a business channel to drive sales with confidence around non-gimmicky products.
If you like the idea or have some success with it, do share your feedback with me.
What You Should Be Reading
A twitter thread that teaches you 5 things about SaaS and Life.
1) How to build an online tool with little to no coding skills
2) How speed allows you to learn some thing valuable about something you thought you cant do
3) How ChatGPT can allow you to build what you can dream and try to monetize it
4) Fast is not necessarily accurate or the best, but it allows you to break the slow cycle your brains been stuck in
5) Every morning when you wake up with a new idea, you have a new co-founder ready to assist you ala ChatGPT, don't miss that opportunity to try some thing new every day
I Used ChatGPT To Build A SaaS In 15 Minutes 😳
I built a YouTube keyword research tool in ChatGPT using GPT4 mode to come up with:
- Branding
- Coding languages
- Code the algorithm + integrate APIs
- Design & code the HTML user interface
- Integrate Stripe paymentsA 🧵 http
— Charles Floate 📈 (@Charles_SEO)
7:46 PM • Apr 24, 2023
Monetize Your Time
By not waiting for your government or some one else to enhance your outcomes. Take your business to the world. With fuel prices the way they are globally, retail and brick and mortar will hurt even more. If you are not already looking to solve for making the buying decisions easy for your customers, you will be de-valuing your time vs monetizing it. Here are my thoughts on the issue.
Why Digital enablement led conservation and efficiency is the key to managing the economic crisis🧵
🏭Economic activity will suffer due to fuel prices
🚛Inefficient supply chains will drive systemic failure
⏱️Shortened hours for retail will hurt recovery
📈The way out?— Faizan Siddiqi (@faizansiddiqi)
5:38 AM • Jun 3, 2022
An other way to think about this is to look at existing time honored businesses that are stuck in time and for you to take the jump to digitize them. Here is a system at identifying those businesses and further the actions you can take to make their cashflows better.
Still out of startup ideas? You need to step back and think of businesses you see around you with super high margins but continue to operate with a fax machine in 2020. Essentially any one who has not entered the new century is where you start your journey.
— Faizan Siddiqi (@faizansiddiqi)
3:30 AM • Oct 23, 2020
The way to win is easy. But most people don't know how. You can only monetize your time when you make some thing repeatable and inexpensive so that in the times of high demand you can push out repeatable solutions and in the times of low demand you have no carrying costs because your opportunity cost is framed and locked.
"You do not rise to the level of your goals, you fall to the level of your systems."(James Clear), So build systems in every thing you do. But most people never build any. For better outcomes you need to focus on systems.
One Last Thing
Imagine you're a traditional small-scale farmer in a rural village . For generations, you've relied on traditional farming practices to cultivate your crops and support your family. But then something changes. A new technology emerges that threatens to disrupt the entire industry: precision agriculture.
At first, you may dismiss precision agriculture as a luxury only available to big farmers. Who needs sensors and analytics when you've been farming successfully for years? But then you start to see more and more small farmers using precision agriculture techniques to improve crop yields and reduce costs. You realize that if you don't adopt these new technologies, you risk being left behind.
This scenario illustrates the impact of digital transformation on traditional farming practices in developing countries. The rise of precision agriculture has fundamentally transformed the agriculture industry, forcing traditional farmers to adapt or risk being left behind.
The lesson here is that digital transformation requires a willingness to embrace change and adapt to new technologies and business models. Whether you're a traditional farmer or a young professional in any industry, you must be open to new ideas and ways of doing things to remain competitive in a rapidly changing marketplace.
Of course, change can be difficult, especially when it requires investing in new technologies or learning new skills. But in today's digital world, standing still is not an option. To succeed, you must be committed to continuous learning and growth, and willing to take risks and explore new opportunities.
So as you navigate your career in the era of digital transformation, remember the story of the small-scale farmer in the rural setting. Don't be afraid to embrace new technologies, explore new markets, and find innovative ways to improve your work. Because in the end, it's not the strongest or most intelligent who survive, but those who are most adaptable to change.
Bonus! Thought of the week
What did we do for time tracking before the advent of modern alarm clocks? Clearly man has been obsessed with time and time value of money. It's not a new thought, but it has evolved and continues to be important as we think about monetizing our outcomes. Here is the historical perspective that is loaded with lessons and how far we have come and how our construct of time has evolved. A must read for those who are spendthrift with their time.
How did people wake up before alarm clocks?!
In the 19th century there were professional "knocker uppers" who hit your window with a stick until you got out of bed.
And before that? Well, humans had an entirely different understanding of time...
— The Cultural Tutor (@culturaltutor)
2:26 AM • Apr 17, 2023