The Week in Review #32: The Cockroach Theory

It takes a minute to have our world turned upside down. Often, this will happen when we least expect it. Our ability or inability to deal with such events has a massive impact on our life. The easy way out would be blame the world for all our problems. We can put our head in the sand and hope for things to become better. Following this path will most likely result in making the situation worse. The better play will be to pro-actively respond to the new circumstances. This will require us to avoid knee jerk reactions and evaluate the best course of action. Easier said than done. Most of us are programmed to react rather than respond.

Responding requires us to maintain composure. Collect our thoughts and analyze our emotions. At this moment that will be the very last thing on your mind. Our lizard brain is going to be pushing us towards the fight or flight response. We will be afraid. Every worse case scenario will be playing out in our head. We will want to blame the world and our bad luck for all our problems. I know the feeling; having been in the same spot many times.

What I have learned over the years is that my response to these problems determines the final outcome. Fighting default reactions is difficult but not impossible. Each one of us has within us the ability to take control of our lives. Embracing failure and setbacks as roadblocks we all have to face. Some of us will have it rougher than other and that is just the way the dice rolls. Keeping your chin up, thinking clearly through your options and responding with the best course of action is the only way out.

Cockroach Theory This weeks featured article is a speech by the new CEO of Google. It uses a great example to help us visualize how a reaction is different from a response.

How I Learned to Get a Lot Done Without Being Busy As entrepreneurs it isn’t uncommon to being busy all the time. There is always something on our to do list. This article talks through the steps you can take to take control of your life back. There are several great pointers included. The one I liked the most was about being honest with yourself.

The future legends of esports Every week I read some piece of news regarding the growing e-sports industry. In prior issues we talked about professional teams and plays. This article talks about the growth of the industry as a whole and what we can expect as it matures even further.

A Dozen Things I’ve Learned from David Einhorn About Investing This was my favorite read of the week. The highlighted investor in this post is someone whom I admire. He started his fund with $900k in 1996 and has generated a 20% annalized return for investors since. This post highlights key insights into his investing thesis and process.

Marc Andreessen on Big Breakthrough Ideas and Courageous Entrepreneurs Marc Andreessen is one of the top technology investors in the world. In this video he talks about his investment thesis and the type of entrepreneurs he looks to back.

Wishing everyone a great week ahead!

 

The Week in Review #31: Playing to Win

We live in a society where conformity and staying within the lines is the norm. Anyone who ventures outside that circle is deemed a pariah; someone who has lost their way. The world does it’s best to bring you back within the fold. Family and friends will strongly urge you to take the tried and tested path. They will tell you it is for your own benefit. I can’t fault them, they are using their past as an indicator of what lies ahead. However, this is where the fork in the road comes into play. In life we have two options, we either play not lose or we play to win. Many of us do our best to hedge both sides of this coin. Unfortunately this third strategy almost guarantees us the worst outcome.

Playing to win doesn’t need us to do wild and crazy things as one would imagine. Everything starts with identifying what you want. That goal decides the tactics we need to use to win. Whether that be running a successful business or travelling the world. The important thing to remember is to pursue that goal aggressively. We will be required to make many difficult sacrifices. This is where most people hit a wall. The thought of giving up something in the present is painful. Losing feels far worse than winning. We do our best to hang on to everything as our ship is sinking.

The only way to get what you want, is to play to win. Embrace all the setbacks as lessons and keep moving closer. The worse thing you can do is lose sight of the goal. At times when we do win, we may have lost. This is when we chose to pursue the wrong goal. However that is life and the game we play. It is better to have played and won or lost, than never played at all.

The Prioritization Paradox This article gels well with this week’s theme. Prioritizing what you need to do on a daily basis is of critical importance. Getting it right can greatly accelerate the rate at which you reach your goals.

23 super-successful people share the best advice they ever received I always enjoy reading posts like these. The major themes are listening better, surrounding yourself with the right people and focusing on what you want to win at.

Wasting Time With The Joneses This is a great essay on the fundamentals of raising capital. It talks about when to raise it and what sort of businesses are the most suited for it.

Uber’s Secret Weapon This article talks about the road Ryan Graves took to become an early employee of Uber. It is a story about hustling, knowing what you want and going for it.

Don’t Ask For Permission. Ask For Forgiveness Great article by James Altucher. I enjoy reading his posts and his style of writing. My favorite line from the post is “Our life worth is not our net worth but the impact we have on others.”

Shark Tank Investment Data I am a big Shark Tank fan. It is an entertaining watch and educational at the same time. The program gives us insight into how to pitch and what investors are looking for in a business. This is a spreadsheet which contains all the deals that have been done in the tank. If you are looking for new business ideas this is a great spreadsheet to study.

Wishing everyone a great week ahead!

The Week in Review #8: Secret Core of Every Business

This week’s top article was a series I came across on medium where the author does a great job of collecting a host of the best links about a certain topic and then puts together a thorough article. Highly recommend checking out the other articles he has written in the past as well.

The Secret Core of Every Successful Business: Distribution Many businesses end up building a product or successfully setting up the ability to provide a service. However the reason the vast majority of them fail is their inability to find and reach customers efficiently. This article provides a wealth of information on how to create distribution channels and reach your customers.

Leading without Coding In an era where software is eating the world, non-technical founders have to step up their game. This article written by a successful startup founder provides 6 great insights of how a non-technical founder can lead a technology company. From learning the lingo to ensuring that key hiring and management processes are put into place.

The Three Dimensions Of Content Marketing Strategy For Startups When we think of a companies content strategy, one may limit it to blogging or the creation of marketing material. This processes breaks it down into 3 core dimensions that every company needs to focus on. These include being sensitive to different target segments, looking through all your content touch points as well determining the lifecycle stage of the customer.

The False Market Fit It is easy to fall into the trap of thinking you know what a customer wants, without validating the idea with them first. I have made that mistake before and it is definitely a very painful one. Customer validation is by far one of the most important aspects of starting a business. By making something that people want we are giving ourselves a better shot of building a business with legs. It sounds simple, yet day in and day out businesses all over the world are started on invalid assumptions.

The Chaos Theory Of Startups Running a startup requires an individual to be able to handle a high degree of chaos. If you are solely focused on outcomes and not the process, you are setting yourself up for a high probability of failure. Only through a purpose are we able to cut through all the noise and make decisions that will enable us to make sense of it all.

Software-as-a-Service (SaaS) Secrets to Raising Venture Capital (Presentation) This is a great presentation on Software as a Service startups and the process of how to successfully raise money for them.

4 Entrepreneurial Strategies For Getting The Most Out of a New City With startup hubs sprouting up all over the world, many people are relocating to these cities to have the opportunity to join or start one. The process of building your network in a new city and especially getting connected to the startup ecosystem requires a considerable amount of work. This article points out 4 methods that you can use to get connected much faster.

Wishing everyone a great week ahead!

Our Dreams

Dreams. Dreams are aspirations in the form of guides that push our imagination. Nothing is out of our grasp. When we close our eyes, we can be anyone or anywhere we choose to be. As we keep moving forward in life, our dreams keep evolving. They are reflections of our subconscious, our hopes and our deepest fears and desires.

Translating these dreams is what separates the dreamers from the doers. Taking action goes hand in hand with the ability to close your eyes and imagine what it should be. It is too easy to blame circumstances. Nothing worth fighting for comes easily. Throwing in the towel when the going gets tough is the easy way out. Getting up after falling repeatedly, is what makes us stronger and our journey definitive.

In the end, it all comes down to taking responsibility for your dreams. Matching the ambition to the effort is essential to help make your dreams come true. When taking and making these hard decisions and sacrifices, you need to…

“Look in the mirror and ask, ‘If today were the last day of my life, would I want to do what I am about to do today?”

Steve Jobs

 

 

Application Tracking Systems are Dead

I am going to be blogging regularly at DiscoverMatch as well during the week. Will cross post some of the more pertinent articles on my personal blog.

———————

The Applicant Tracking System (ATS) market is more than 20 years old. In it’s original incarnation these systems were designed to help with workflow optimization and document management. The primary and only user was the HR Administrative, as these systems involved large amounts of data entry. Over time more recruiters begin to use these systems and feature creep started to build. Fast forward to today, it is not uncommon to hear these very same recruiters complain “Our ATS is too slow”, “Candidate Information is out of date”, “Adding candidates takes forever”, “It takes 5 clicks to add a single comment” and many more such experiences.

When you build on top of a legacy system and bolt on new features without thinking about the repercussions of the end user experience, you are bound to reach such a point….

Continue reading the full post at DiscoverMatch

 

Updates from IDENTIFII

The last couple of months have been a blur. The small team behind the scene at IDENTIFII has been working ridiculously hard on creating a very high quality psychometric instrument for our members. We dove head first into the task, not totally aware of the huge complexities behind what we had endeavored to do. A commonplace occurrence in the world of startups!

Not withstanding the difficulties and challenges that we faced during these last few months, the team has prevailed. With the help of industry experts, psychologists and researchers we have found all the answers we were looking for! It is amazing what one can achieve when a collective mind is put to it!

The new assessment called PIR (Personality Identifier Report) helps individuals understand themselves over 20 personality traits. This detailed report was created with simplicity in mind to ensure that everyone is able to understand all the measures and derive maximum benefit from it.

The report highlights your tendencies, which is a powerful tool in helping identify parts of your personality, defining your strengths as well as other aspects which may be limiting your growth.

In our last assessment, we were constantly asked for the next step individuals could take to improve themselves. We listened attentively and this new report comes complete with a list of next steps to amplify strengths and work on gaps.

To ensure reliability and validity of the report, we require a minimum of a 100 participants from each country before we can do a mass roll out.

If you are an early adopter, like to give honest feedback, I would strongly encourage you to support IDENTIFII by heading over to www.identifii.com/trials – to register your interest and support your individual countries.

Looking forward to your support and feedback in the coming weeks!