Every time I read a business book, I tend to dislike case studies from famous brands like Apple, Uber, etc. The reason being a lot of people from the outside shed light on some success factors and ignore many.
Not until I stumbled upon Indie Hackers podcast. Where Courtland Allen interview founders, who made a product that generates revenue and there we able to fund it in an unconventional way. What I love about is having the founder talking about the idea from the early stage until implementation and later growth.
What would be fantastic if the content of the podcast is transcribed and reworked to a book where we can skim through examples, and study them the interviews closely.
Back in college, I majored in computer science. Between 2004 and 2007, I was passionate about graphic design, and somehow I concluded that computer science must teach graphic design in a way or another. ( Hey! don’t laugh at my thought process 😅)
In the first semester, we had a course named CS 152. It meant to teach us the basics of programming using C. It was overwhelming understanding the logic and dealing with the technicalities of C at the same time. So I remember, and I could be wrong, that every time you want to write a simple program that prints a “Hello World,” you need to write something like this:
At the time, I didn’t understand why I should write “#include” and (int main), and it wasn’t a great intro to programming for me.
Nowadays, I believe if the instructor decided to teach us an intuitive programming language like Python, I think my experience will be different.
When I read the article, the following questions came to mind :
Looking back, how does he feel spending all of this time on creating the language? Was it worth it?
How it does it feel working on one thing for your whole life? (not sure if he has other things going on at the same time)
How does it feel seeing the stuff you created goes unfavorable paths?
In my current mindset, I can’t work on one thing for this long. However, In this history of open source, a few people come to mind who still maintain what they created like Linus Torvalds, Linux creator, Daniel Stenberg, Curl creator, and many others. I admire their dedication and commitment.
Tim Ferriss: Could you describe or explain what the 70-20-10 model is? If that’s the right term to use.
Eric Schmidt: That’s correct. So this was Sergey’s idea. And the question was: how do we organize our resources in terms of core things, new things, and experimental things? So Sergey — and we had an offsite with the whole management team, I still remember. And Sergey got up on the board and he did some math. He’s a brilliant mathematician, and at the end of the math he said, “The right answer is 70-20-10. 70% on your core business, 20% on adjacent or nearby things, and 10% on wild bets.” And he said that, “All of these numbers are right, you need the 70% because you need the revenue, the revenue growth. You need the 20% because you need to extend your franchise, and you need the 10%, which is crucially important for the things that you will want to do five or 10 years from now.”
And then a question popped in my head. Can we apply this concept to personal resources (i.e., time)? For example, we spend 70% on the stuff we know that makes us an income, 20% on nearby things and 10% on the field you like to get into or stuff you are doing for the future? (Getting a master/Nanodegree/side hustle)
Not sure if this can be applied on a personal level. One of the challenges would be how to focus. Also, I think on a personal level the percentage would be 70 – 80% on core business (typically your day job) and 10-20% on side projects (wild bets).
The value of multidisciplinary is tremendous if it was dedicated to the right efforts. I believe a person with such capabilities and horizon will find a hard time finding the right opportunity and perhaps need to create it themselves.
Remember how they always say that you get better with reputation? Do you think this is true all the time? What about if you keep repeating something wrong over and over and you get 10% improvement instead of 30%?
This how all started. I was reading Great at Work the other day, and the following paragraph caught my attention:
Top performers did less and more: less volume of activities, more concentrated effort. This insight overturns much conventional thinking about focusing that urges you to choose a few tasks to prioritize. Choice is only half of the equation—you also need to obsess. This finding led us to reformulate the “work scope” practice and call it “do less, then obsess.”
Hansen, Morten T. Great at Work: How Top Performers Do Less, Work Better, and Achieve More (pp. 5-6). Simon & Schuster. Kindle Edition
And then this …
Power of One: Pick one and only one skill at a time to develop. It’s hard to master a skill if you’re also working on ten others.
Hansen, Morten T. Great at Work: How Top Performers Do Less, Work Better, and Achieve More (p. 75). Simon & Schuster. Kindle Edition.
Let me try to digest that with something I am trying to excel at which is writing and drawing (you would figure this out by reading this blog 😅)
If I want to be a better writer, should I read more books or take two paragraphs that I like and study them word by word? (Got this tip from Safi Bahcall)
If I want to better at drawing, do I entirely focus on how small details make a difference or should I keep copying tons of illustrations without being fully in the moment?
What’s this process even called? Exploration? Awareness? Attention? Focus? And when this process should be applied? In the beginning or half-way through the learning process?
I don’t know the answer to that, but it’s something I am trying to figure out.
Acronym to remember stuff. Who does that? Well, looks like Safi Bahcall does it. He uses this method mainly to remember stuff as per his interview with Tim Ferris . Let’s look to the following examples:
FBR: This refers to a writing process. You write fast, bad and wrong. The process helps you to get in the flow. Do not stop to fact check an information , lookup the right name or correct a misspelled word .
BLC: bankers, lawyers, or consultants. He used this acronym in an invite to gatherings he used to set up in NYC where he explicitly wrote no BLC 😂
I like the approach. I am going to to do that with new concepts that I want to remember and practice.
What an acronym you like to use or recently invented?
Today I had the opportunity to listen to Tim Ferris interview with Eric Schmidt (@ericschmidt) Technical Advisor and Board Member to Alphabet Inc. The discussion was a bit on Eric experience before joining Google on Eric and more about the legendary coach and business executive Bill Campbell.
Eric spoke highly of Bill Campbell and how he helped him in his personal and professional life. Recently Eric and a few others wrote about Bill Campbell that called Trillion Dollar Coach
the book should be available in the market on April 16th.
I didn’t think much of coaching in my life until recently when I joined AltMBA. One of the standard practices in AltMBA that you get coached by colleagues through questions were all of us had to read a beautiful book called the Coaching Habit. Then I realized that I am being coached at Udacity by my manager without me being aware of it. Coaching for me helped to understand my strength and identify areas of improvements.
Also, there’s been situations where I was coaching someone, and I enjoy it. But one of the challenges that I am facing is switching to advise mode half-way through the coaching.
Should you get a coach? I don’t know – can coaches help you in business or personal life?
What’s the difference between a coach and a mentor? This what Forbes says:
Mentors are successful people who share their hard-won wisdom to provide insight and guidance as an entrepreneur encounters challenges along her journey. They typically function in a reactive capacity, responding to issues as they arise. Mentors may not have expertise in the mentee’s field, but they understand how to navigate business in general.
Coaches, on the other hand, often have expertise in the same field as the people they’re helping. They’re usually trained and certified as coaches, possessing strong process management skills
Finally, I thought about searching the word coaching in the famous comics Dilbert, and the results were just funny! Here’s one that I liked:
I was at communication using drawing workshop with Von Glitschka end of January 2019. He was talking about texture exploring trip that he did that day. At that time, I was amazed by how he gets to notice such details.
However, over time and after spending several hours practicing drawing, I started to notice patterns. I don’t know what happen, was it a switch that got turned on? That led me to question; How our minds get to notice the details? How suddenly I started to see? Is creating stuff from scratch help us notice things?