FASTer - Issue #131
Your network🔗 is your net-worth?💰
Imagine possessing a mind map of boundless opportunities and a list of people who can either utilize them to scale their outcomes or those who need help finding someone to assist them. This, my friends, is a superpower—a superpower that has the potential to change not only your life but the lives of countless others around you.
As we embark on this journey of entrepreneurship and personal growth, I want to emphasize the incredible value of networking with a genuine intention to help others. Networking should be about creating opportunities, fostering relationships, and bringing greater good to people, without always having a constant ask or a commercial interest.
Let's explore this concept through the lens of history's most influential networkers and discover the art of networking with a genuine intention to help others.
1. The Mentorship Magic of Andrew Carnegie: Our journey begins with Andrew Carnegie, the steel magnate known for his immense wealth. However, his real legacy lies in mentorship. Carnegie believed in paying it forward and mentored a young Napoleon Hill, who later authored the iconic "Think and Grow Rich." This act of selfless mentorship transformed Hill's life and continues to inspire millions worldwide.
2. Oprah Winfrey's Network of Empowerment: Oprah Winfrey is celebrated for her unique ability to connect with people on a profound level. Through her media platforms, she has amplified the voices of countless individuals and organizations working towards positive change. Oprah's commitment to uplifting others has forged a network of empowered voices for transformation.
3. The Collaborative Spirit of Silicon Valley: Nestled in the heart of Silicon Valley, tech entrepreneurs and professionals routinely collaborate, sharing knowledge and resources. Start-up founders generously assist each other in refining ideas, securing funding, and overcoming challenges. This collaborative ethos has fueled groundbreaking innovations and the rapid growth of the tech industry.
These stories exemplify the principle that selfless networking isn't about immediate gain; it's about sowing seeds of opportunity and support that can yield a bountiful harvest over time.
So, how can you wield the power of selfless networking on your journey? Let's explore practical steps:
1. Cultivate Authentic Relationships: Begin by genuinely understanding the people you meet. Show sincere interest in their aspirations, dreams, and hurdles. Authenticity builds trust and paves the way for meaningful connections.
2. Become a Connector: Seek opportunities to link individuals within your network who could benefit from each other's expertise, resources, or guidance. Serving as a conduit for others' success can be immensely fulfilling.
3. Give Before You Receive: When meeting new contacts, think about how you can assist them first. Share your knowledge, time, and resources generously. By giving without expecting instant returns, you set a positive tone for relationships.
4. Pay It Forward: If you've benefited from someone else's help, consider how you can pay it forward. Offer mentorship or support to those embarking on their entrepreneurial journey. Your guidance can be a guiding light for someone else.
Remember that networking isn't merely about expanding your contact list; it's about nurturing a community of support and empowerment. As you navigate the entrepreneurial landscape, recognize that the true power of networking lies in your capacity to create opportunities for others and, in doing so, shape a brighter future for all.
With the spirit of selfless networking in your heart, you have the potential to be a catalyst for positive change in the lives of those you connect with. Together, we can achieve remarkable feats and leave an indelible mark on the world.
I read a fascinating study, on the companies with the widest moats in the world. As you think about your outcomes, think about market share and growth. Take a look at the list to see
1)How many brands and companies are known to you
2)Do you know what they do?
3)Can you emulate their way of working to build your moat?
Heres the list
One New Thing (That you should know)
Any thing worth doing is worth doing well. I have a simple rule of thumb that allows me to not be distracted. I call it the Soy Sauce index. Whilst the whole world focuses on tech and bleeding edge discoveries and growth, humble industries and boring things also create billionaires.
Pang Kang is the chairman of Foshan Haitian Flavouring & Food, China's largest soy sauce maker. The Foshan-based business reported revenue of 25.6 billion yuan ($3.8 billion) in 2022. The company produces more than 300 different condiments and foods including oyster sauce, vinegar, chicken stock and bean curd
There are some more. If you need to be inspired to build a boring business, think soy sauce. The key is to know what you want to do and do it well.
Boring can lead to being a billionaire. The best sub category in the Forbes billionaire list is one of folks in the sauce business. No inter galactic launches no high-speed rockets no new tech. Soy Sauce. The hustle is real.
— Faizan Siddiqi (@faizansiddiqi)
Nov 8, 2020
Boring Stuff That Scales
Are you building to sell? More & more startup dreams are centered on exit & valuations.Lesser & lesser on value. If you build to sustain for a 100 years what would you be doing differently?If the goal was handing over stock to your grandkids, what would change and do differently?
Its not a bad idea to look at those who have grown through time & what they have done differently to evolve. Focus on the arbitrage of access to brains vs access to capital and build some thing ever lasting. Find a niche that lets you enter the markets and then spread your wings.
— Faizan Siddiqi (@faizansiddiqi)
Aug 14, 2020
What You Should Be Watching
One man's soul searching decision on whether or not he should join Facebook sets him off on an epic journey of self-discovery as he weighs the pros and cons of becoming a member of the world's largest social networking site. Along the way he talks with family, friends, total strangers and even celebrities whose lives have all been touched in one way or another by Facebook. From the long lost high school friend who uses it to stay in touch with classmates, to the pick-up artist who trolls the site to score with women, to the criminal who tracks your every movement to know when to rob your house, the best and the worst of Facebook is on display.
Monetize your time - at any skill level
By feeding your brain intelligent content. There is so much noise around AI. But there are some gems too. If you cant code, are not classically trained in computer science but still wanted to win big, what could you do? You could start by getting inspired here. Follow the account to understand how you could also supercharge your AI learnings & potentially monetize your present skill set using AI.
I couldn’t code 18 months ago.
Yesterday I raised over $20,000 from initial customers to get my software business off the ground.
Believe in yourself, be relentlessly resourceful, be relentlessly optimistic, and never give up.
— Mckay Wrigley (@mckaywrigley)
Jul 24, 2020
One Last Thing
Co working at airports? Really. In the world of work from any where, it was but a matter of time that airports picked up on this. As we diversify where we work from, the one constant would remain transportation bridges that connect us. Airports being key but also potentially train stations and bus terminals.
Plus, as more people gain access to airport lounges with credit card perks and post-pandemic travel booms, lounges are getting less exclusive.
To solve for this, co working companies are moving into airports to give flyers more space to concentrate. And they’re moving quickly — the number of airport workspaces has nearly doubled in the last year.
Minute Suites has spaces in 10 US airports that can be used as offices or private rooms for a quick nap.
Jabbrrbox makes compact pods complete with desks, charging stations, speakers, and mood lighting.
Coworking company Beehive operates spaces around Germany, including one — with entire conference rooms — in the Hamburg Airport.
Earlier we discussed networking, if you extended that to having a network of spaces where you could work from whilst commuting, do you agree that we could amplify our outcomes? With the global co working market estimated to be worth $50.1B by 2028 is this some thing to figure out in your market? Can you build some thing that can be ready to benefit from this uptake ?
Bonus! Thought(s) of the week
Finding you niche. It could literally be any thing and an example this week completely reinforced my faith in the fact, that any thing worth doing is worth doing well. Meet Photographer Sol Neelman who captures weird sports, like instant mashed potato wrestling, llama racing, and Japanese log riding.
Even if you don’t attend, Neelman hopes his photos can bring delight and wonder to whoever sees them. “I tell people I might be the only photographer who wants people to laugh at their photography,” he says with a laugh himself. “I’m passionate about photography and what I do, but I really want people to get a sense and feel of what it’s like to be at these events where there’s so much joy.”
What are you doing to bring joy to your self and others as you work toward enhancing your outcomes?