New Technologies Revealed

  Rules for Success by Simon Sinek Simon Sinek, the author of Start With Why, has some insightful information to share about success. 1.       Do what you want He says that if you want to do something, just do it. Don’t make assumptions, don’t think if you can do it or not, in simple terms, don’t be confused about execution of your ideas. You can only succeed when you work on the project. If you don’t succeed at first, don’t worry. You will succeed sooner or later. Just keep trying, give your best short. But make sure that you don’t get in other people’s way. 2.       Don’t be the problem There is an old saying, if you can’t beat them, join them, just don’t be a problem for them. That’s something you should know when you are competing someone or when you are in the market. A good example of this would be to create products that people want and not those that you think are good. Because in the end people are the ones who wi...

  Dreams require hard work and that’s why they are called dreams and not realities. They can only be turned into reality when a person is dedicated enough to work on them and make them a reality! People don’t always work hard. The story that I am going to share this time is of Elon Musk, a person who always worked hard and never give up. We all know Elon! He is the CEO of Tesla Inc, a self driving car company. Elon is also the founder of SpaceX, a rocket company that aims to land on Mars by the end of next year. Similarly, Elon is also the founder of boring company called the Boring company. It aims to create tunnels underneath earth that is going to make travel easy from one destination to the other. Elon Musk is a lot and he is not stopping anytime soon. Why? Do you know the reason for that? Because he knows that he has the potential to do great things and he is willing to do that. No matter what. That is something that makes a person tick. Elon knows that people can chan...

  Story of Zomato: Success is to Never Give Up! Zomato is the story of two friends who had this unusual idea of helping people who were stuck in food courts looking at the menu. Ever seen those big LCDs on top of the restaurants? People used to look at those menus and then order food. That was something that Zomato wanted to change. So they replicated the menus on their website. It was an internal website at that time only. It means employees of a company could see the menu and the people who had access to it. Soon more employees of different companies started checking the menus and the traffic increased to the site. So they made the menus public and soon everyone who was coming to food courts across Mumbai was looking at these menus through the website. They started covering more restaurants and brought a mobile app so that people could have the app in their smartphones, and they could check the menu from it. This ramped up pretty soon and they added orders to the site s...

 Sachin Bansal and Benny Bansal are two people everyone in the ecommerce industry knows about! They are now billionaires and the pioneers of Flipkart - one of the biggest Indian digital marketplace, a competitor of Amazon, and a channel of Walmart in India. They never meant to work together but times brought them when they had to work on an Amazon related product. The duo decided to leave Amazon and start their own business. At that time, they had little investment and they only started with 4lac rupees. Their first two employees were a factory worker who had lost his job and a chain-smoker hippie who had a working system. In the first two years, they were not able to raise much capital but then they were given an investment by a US firm of $10 million. That was the time when things started to change. Long story short, today Flipkart is India's biggest brand! It has numerous employees and it sells its own products and products of others on its platform. In short, it has become the ...

These are exciting times, no? People are creating customizations to different products and then selling them for higher prices. Some people have even grown their businesses to billions of dollars just because of this action. The creator of Go Pro had this idea. If you don't know Go Pro, it is a camera maker - one of the biggest camera makers actually. The reason Go Pro went so famous was because it offered every sports person to capture their movements in high resolution. The idea behind Go Pro came when its creator was surf boarding. He thought what if I could capture myself surf boarding by myself? So, he took a strap and created a waterproof case for his camera and use it on his wrist to capture his movements. By that time, no other person had made a sports camera before. There were sports cameras available in the market, but a camera that a person could use on his hand was impossible. That's where the innovation was made.  Go Pro creator wanted to launch his product in the ...

  Story of Uber: A Rainy Night & a Cab It is not that any other day a new business idea pops up in your mind and it becomes a success. It takes you to be at the right time and at the right place to get this done. That’s what the owner of Uber actually did. Once night when coming out of a cinema, it started to rain. The CEO of Uber was drenched, he kept calling for cabs in the area, but no one came. At that time, an idea came to his mind. What if there was a way to call cabs through your smartphones?! That was the day and today is the day. Uber is worth $10 billion and rising. The only reason for this is because the CEO of Uber didn’t just neglect the idea when it came to him, saying that ‘Naah! That would be a flop idea!’ instead the person created an app. Started with 30 cars in the area and then turned it to a global player in the car-pooling market. Uber is just one example of a business that started from a rainy night outside cinema. Think about all the businesses th...

People often say not to focus too much on the small stuff. However, in reality, it is the small stuff that matters the most. If you talk to successful people, you would know that their efforts only made a difference because they focused on the stuff that matters the most. Take that small data point in your excel sheet? Or that time when you didn't trade and the market again went down? - this one will be only understood by people who are actually day traders. These are just some of the small things that people don't really focus on but they matter a lot. Not only they can help you improve your business but also grow it like you had never done before.  Make it a Habit Checking for small stuff or tiny details is not just an art but a skill that you should understand as soon as you get in any business. It takes 21 days to get a new habit. If you start focusing on one habit from today, then that will become a habit in the next one month. Small habits can directly impact your future ...

People always want to earn more so that they can do things that they previously lacked. This is not always possible especially when you are starting for the first time. The good news is that you can learn to manage money. It is not a skill that isn't available to people or that can't be learned. 1. Keep Track of Your Money So start by keeping a track of your money. Make sure to understand where your money is going and regularly monitor it to make sure that it is in the right hands. You don't want your money bucket to have holes, that is drains by itself.  2. Risk Management is the Key Manage risky trades, investments, and projects where you are unsure of the gains. Risk management is an art yet not everyone knows about it.  3. Avoid Loans Loans are sharks that eat your money. If you are taking loans, then make sure that you avoid them once and for all. Only take loans that you can return without any interest. If you can, start saving earlier so that you don't have to ge...

 There is an old saying. 'Little drops of water make the mighty ocean' That is true for everything we do especially our professional career and life. In this article, I am going to discuss how you can improve your life - one day at a time, with small steps. 1. Prioritize Prioritizing is the best way to get things done faster. Without priority, you can't make sure that what you are doing has any value and you are always confused among multiple things. When you have the priority set for each task, you can work accordingly on each one of them and make sure that they all are offering the right value to you or to the project where you are working. 2. Focus Make sure that whatever you do, you do it with complete focus. Anything not done with complete focus can have dire affects on not just you but on everyone associated with that project. Focus is something that you can only achieve when you keep distractions away and focus on what matters the most to you and the business. 3. Let...

  Being Innovative: Copy Everything & Give Credit Another lesson to learn about innovation is to not start everything from scratch but to replicate whatever is available in the market. A good example of this is Rocket Internet. You must be wondering what I am talking about but let me explain. Rocket Internet is one company that is revolutionizing the world. It is making a German company that buys startups or create its own startups in countries with small or mid-sized market. Why is rocket internet thriving? Because it focuses on replication. The company replicates all ideas of the first world and introduces them to the third world. Its investments include Daraz, Carmudi, Foodpanda, Delivery hero to name a few. Rocket Internet has been labelled by many as a copycat or a company that thrives off other businesses’ success. But does calling it a copycat hurt its bottomline? Nope! In fact, it has grown faster than many other businesses. What Rocket Internet does is that it ...

  It is not about building something new or extra ordinary that we call innovation. It is about TRYING (see the emphasis on the word). In short, innovation is not to bring something new to the market. Something that was not tried before, but to failing, and then re-trying it. People are obsessed with bringing new products to the market. Often these products are useless and don’t serve any purpose. They say that these things will revamp the world we live in. That’s not always needed. Civic innovation is about making current standards better. Of making things that actually help people and bring something positive that people can like and cherish and actually PAY FOR. Let’s take an example of Karachi BRT project. The BRT project is a connecting bus transit project around Karachi. It makes sense and that’s why it was started. But think about it from a broader perspective. A project that is taking more than 15 years to complete is better or a ride hailing app that was made in just a...

 So, you are less efficient, less productive, and not sure if you are giving your 100 percent? That's where the 80/20 rule comes in.  What the rule does is that it signifies that out of the 100 percent work you do every day, only 20 percent of that work brings 80 percent of the benefit to you. This is a universal rule and it applies to everything we do in our life and in our practical life. Let's understand what we mean by this rule and how it can improve your business, efficiency, and lead to better innovation. You have a small business of selling paper. Check how many clients you have and then check how many clients actually are high paying clients. You will see that only 20 percent of your clients are high paying clients and the rest only have a small budget. You will see a pattern that these high paying clients are hard to achieve yet they 4X your revenue. So, if you are investing double the effort in getting a high value client for your business, the return you get is 4X ...