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Home to 92 Billionaires, Bombay Whizzes Past Beijing đŽâđ¨
Plus: Coping with Perfection-related procrastination
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Hello there!
Lots to unpack this week đ
Podcast: Fundraising & Future Trends: Nathan Beckord's Insights
Success Story: Marques Brownlee, Before Becoming the Best Tech Reviewer on the Planet
Bizz Hack: Some Strategies to Help You Overcome Perfectionism-Related Procrastination
Weekly Business Challenge: The Tech Giant Who Bought Vine đ¤
But first, a tour of the headlinesâŚ
Weekly Catchups
News | Industry Insights | Trends
đ¸ Bombayâs Billionaire Club
Mumbai (colloquially Bombay) now boasts 92 billionaires, edging past Beijing's 91, according to the Hurun Rich List. This makes India's financial hub the new billionaire capital of Asia. While China still holds the overall lead with more billionaires, India's growth is impressive. Mumbai even ranks 3rd globally, behind New York and London.
đ¤ Fight for AI Talent Intensifies
Million-dollar-a-year compensation packages accelerated stock-vesting schedules and offers to poach entire engineering teams are on the table amid a shortage of candidates with generative AI expertise. The juicy payment packages come when other tech sectors are laying off workers.
Cocoa prices briefly surged to all-time highs on Tuesday, touching as high as $10,000 per ton following disappointing harvests in key cocoa-producing in Ghana and Ivory Coast. Cameroon, another cocoa-producing nation, has also witnessed the same conditions.
Podcast đď¸ Are you an entrepreneur looking to secure funding for your venture? Donât forget to give Nathan Beckord, CEO of foundersuite.com a watch. Learn about efficient fundraising, drawing long-term goals, and the importance of creating beneficial relationships during your fundraising journey.
Uncharted Horizons
Personal Development | Success Story
Lessons From A YouTuber
What lessons can YouTubers possibly teach CEOs, youâd think. To most Businessmen, they are attention-seeking solopreneurs rather than company builders. But Marques Brownlee is different. For starters, Brownleeâs YouTube channel, posting content on everything technology, has over 17.7 million subscribers. If that number doesnât quite convince you to believe he is a thought leader in the tech space, consider this: in 2013âway before influencers had made their big splash on the internetâGoogleâs then VP of engineering Vic Gundota declared Brownlee âthe best technology reviewer on the planet.â
When he began shooting videos in his suburban New Jersey home at age 15, childishly naming his first review MKBHD for âMarques Keith Brownlee and high definition,â he would never have imagined swarms of reporters taking note about his thoughts on the latest Apple event, better still receiving a shout out from Tim Cook himself. A YouTuber of Brownleeâs worth can reap as much as $5,000 per million views from YouTube Ad Sales.
I talk about things from a consumerâs perspective - thatâs what I am. A guy going out and buying things and sharing that experience with the viewer
Three lessons in leadership from Marquesâ remarkable feat:
Experiment. Fail. Experiment: Brownleeâs first amateur video is a great reminder for leaders to tinker with new emerging technologies, ideas, and formats despite the first unpolished or awkward effort.
Raise Your Integrity: In an interview with Fast Company, Marques Brownlee revealed that most of his videos âdonât cost as much to make as I can make back from them.â YouTube can be a loud-opinionated place. Brownleeâs content stands out for its trustworthiness.
Expand By Playing on Your Strengths: Marquesâ sprawling media empire now includes a studio, a YouTube spinoff of his channel MKBHD, and a podcast âWaveform.â Brownleeâs approach is selective of the high standards he set for himself. His expansion effort is a sustainable, profitable growth.
Interactive: What Would You Do?
Weekly Business Challenge + Answer in The Following Week
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Business Challenge Answer!
Last Weekâs Quiz: Which social media platform acquired the short-form video-sharing app Vine in 2012, before it became a cultural phenomenon for its 6-second looping videos and iconic memes?
Answer: Twitter. Vineâs looping videos launched many careers on the comic and musical stages. Despite its short life span, Vine is remembered by millennials for bestowing upon a generation unforgettable catchphrases (âeyebrows on fleekâ). Twitterâs purchase of Vine in 2012 coincided with the video platformâs untimely death. Vine stagnated as Instagram began investing in video. Though Vine is gone, its memories and legacy continue living on YouTube.
Stay tuned for another business challenge in next weekâs newsletter!
Biz Hacks
Strategies | Tools | Marketing Tips
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The Perfection Myth
Perfection-related procrastination is a real thing. Are your perfectionist tendencies holding you back at work? Here are a few strategies that may help you manage them, adapted from âDonât let perfectionism slow you downâ by Rajani Katta.
Strategy #1: Allow Yourself Messy First Drafts
Author Anne Lamott is famous for her advice to writers. In her book Bird by Bird, she writes: âAlmost all good writing begins with terrible first efforts. Start by getting something, anything, down on paper. Take a break from your work, return to it with a clear head and then polish your writing.
Strategy #2: Counteract the Cold Start
Mark out time in your schedule for creative thinking. This could be a long walk or a conversation with a colleague. Then, dictate any ideas you have in a stream-of-consciousness fashion. This can help warm your thinking, giving you a place to start.
Strategy #3: Use the Effort-to-Benefit-Ratio
Before starting any assignment, figure out how much effort you need to exert to reap potential benefits. For example, say youâre tasked with taking notes in a meeting. Instead of writing things down verbatim, ask your colleagues what would prove to be most helpful. You may discover that they only want to review the action items discussed, saving you significant time and effort.
Strategy #4: Learning When to Ship
Eric Ries, the author of the book The Lean Startup, states that âinstead of spending years perfecting our technology, we build a minimum viable product, an early product that is terrible, full of bugsâŚThen we ship it to customers way before itâs ready.â Sometimes releasing an imperfect product is acceptable.
Strategy #5: Incorporating Late Feedback
The last 20% of a project can be incredibly frustrating, as youâre trying to fine-tune every aspect. This is where feedback late in a project can be so helpful. Ask for feedback, specifically, âHow close to done is this?â
Donât Miss It!
Networking | Business Development | Entrepreneurship
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