- Five to Thrive
- Posts
- #043 – Startups & Savings
Welcome to the Five to Thrive newsletter
Bringing 5 interesting ideas to your inbox every Thursday morning to ignite your curiosity and drive your growth.
read online on my website
read time 3 minutes
#043 at a Glance:
Quote that will get you thinking: The way you carry yourself.
Podcast you should listen to: Steven Bartlett x Casey Neistat.
Framework: The 7 Questions Every Business Must Answer.
Hack you should try: 2024 Savings Challenge.
Tweet I liked: How to build a career.
Quote that will get you thinking:
“The way you carry yourself will often determine how you are treated. For a king respects himself and inspires the same sentiment in others.”
Podcast you should listen to:
The Diary Of A CEO x Casey Neistat
There’s carving your own lane, and then having over 3 billion people view the lane you have carved, all from the starting point of being a 17-year-old teen father living in a trailer park.
Casey Neistat is an American YouTuber, vlogger, filmmaker, and co-founder of the mobile application ‘Beme’, which he sold to CNN in 2016 for $25m. He is one of the most famous people on YouTube, and his channel has over 12 million subscribers, with 3 billion views.
He is possibly the single most important video producer of our time and having seen hundreds of his videos over the years, hearing the depth of his trials and tribulations was an incredibly inspiring experience.
My two main takeaways from the pod:
1) You never really know what people go through.
2) “Every person is going to find in their life what they want to do because they’re going to have a hard time doing anything else.” – Kane Pixels
Framework:
The 7 Questions Every Business Must Answer
Over the last week, I finished reading Zero to One by Peter Thiel, an awesome book about startups.
Some of my most valuable takeaways included his dissection of the world of venture capital, his analysis of the dotcom and cleantech bubbles, as well as his views on the economics of startups.
However, my favourite framework was his checklist of 7 questions that every business (especially tech businesses) must answer:
The Engineering Question: Can you create breakthrough technology instead of incremental improvements?
The Timing Question: Is now the right time to start your particular business?
The Monopoly Question: Are you starting with a big share of a small market?
The People Question: Do you have the right team?
The Distribution Question: Do you have a way to not just create but deliver your product?
The Durability Question: Will your market position be defensible in 10 and 20 years into the future?
The Secret Question: Have you identified a unique opportunity that others don’t see?
Hack you should try:
2024 Savings Challenge
Save $2 in the first week of 2024.
Save $4 in the second week.
Save $6 in the third week.
Save $8 in the fourth week.
And so on.
You will save $104 in week 52, at which point you will have saved $2,756 to invest, spend, etc.
Tweet I liked:
"To build a career, turn your ability into credibility."
@naval
— Navalism (@NavalismHQ)
8:16 PM • Jan 2, 2024
That’s all for this week, thanks for reading!
Grateful for your support.
Stay hungry, stay humble, & stay curious. ⚡
Do you think someone else will enjoy reading Five to Thrive? Forward them this email!
Was this email forwarded to you? Subscribe to receive them in the future!
Have some feedback or would like to get in touch with me? You can email me at [email protected] or find me on Instagram, Twitter, or LinkedIn.