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FASTer - Issue #47

FASTer - Issue #47
By Faizan Siddiqi • Issue #47 • View online
To hate the rich means you will never be rich, for we never become what we hate.
It’s all a mindset, that you will need to have if you want to survive once you become rich.
Poor people die almost instantly without this mindset when they become rich. Most of us are not prepared to handle the flux real money/wealth adds to life.
Not every one can handle or be prepared for being rich. Be it wealth in its ordinary sense or things that delight people and give them the feeling of being rich.
This happens because of fear. Yet if we invert this situation our outcomes get better. Massive growth begins only when people start preferring loss to fear. So when you get rich and you are afraid you will loose it, that fear kills you faster than the actual loss.
What should you do?
Learn to loose because:
Loss brings some hits, but you’ll learn and get back on your feet
Learn to be fearless because:
Fear prevents making moves at all, no movement kills circulation be it physical or operational
Uncertainty is the path forward, but not knowing outcomes will paralyze a lot of people. Prefer loss to fear. You don’t always have to know your outcomes, nor can you know them all the time, it’s ok to over index on loss. Fear stunts growth. No wants a half baked you. Not even your self.

Millionaire life — not as easy as it sounds | DW Documentary
Millionaire life — not as easy as it sounds | DW Documentary
Outcomes
A lot of us confuse “what we want” with what we think “others will also want”. The confusion is the reason for slow and stunted outcomes.
To get the results you seek its equally important or perhaps more so, is to know and be aware of:
1)Other peoples motivations
2) Their fears
3)What they don’t want
4)What they need
Every time you are in a room where you need to win, try figuring this out. You never win alone, you win when every one wins, over index on this and you will be more successful than you typically are today.
Even if you are a student and you need your teachers help in an overcrowded classroom, this can be put to work. Teachers will gravitate towards the “smarter kids” but if you are like me, thats not always the case. So whats the hack to get past the teachers, smart student bias?
Instead of saying “I have a question, or I don’t understand this”. You can try rephrasing the same ask and say “I think when you were explaining earlier I understood this to be X, did I understand that ok, or was there some thing else you meant when you said X”. Literally no one wants an in-correct piece of data/fact/hypothesis or comment to be associated with them. So if they feel you got X wrong, they will reward you for the ask, but correct you to ensure the attribution to them is corrected in front of every one. Thats how you get on one time by being aware of their biases, you learn, they teach, every one wins.(Simplistic, but you get the idea)
One New Thing (That I Learnt today)
Bloomberg Quicktake
More than $730,000 worth of "whale vomit," which is used as an ingredient in perfume, was seized in Turkey.

MORE: https://t.co/cBXWtxMPIV
Ambergris is often described as one of the world’s strangest natural occurrences.It is produced by sperm whales and has been used for centuries, but for many years its origin remained a mystery.  Ambergris has been a unique phenomenon for millennia. Fossilised evidence of the substance dates back 1.75 million years, and it is likely that humans have been using it for more than 1,000 years.  It has been called the treasure of the sea and floating gold.Where it comes from remained a mystery for years, during which several theories were proposed, including that it was hardened sea foam or the droppings of large birds.
However, it was not until large-scale whaling began in the 1800s that the identity of its sole producer, the sperm whale (Physeter macrocephalus), was uncovered.
Sperm whales eat large quantities of cephalopods such as squid and cuttlefish. In most cases the indigestible elements of their prey, such as the beaks and pens, are vomited out before digestion.
Boring stuff that Scales
Just like anti-aging creams don’t actually reverse the clock, sexy ideas don’t always help you scale your outcomes.
With an avg. lifespan of ~70(ish) and physical peak at 25-30, most of your life will be spent in physical decline. So what boring things can you do in your youth that allow you outcomes to not be in decline?
If you are like most people, as age hits you, you’ll be ill prepared & experience surprise and confusion as your body breaks down but wait, there is more, if you just over indexed on the sexy stuff in life(parties, living large, not saving, not building, not creating) You will have other surprises in store in old-age.
Being just an employee is the reality for most of us, granted not every one can be an entrepreneur or inventor etc. But just like we must invest in good health we must invest in cash-flow generating ideas, that are dull, boring, slow, non-sexy but compound to strength by the time we are at our weakest(in age and form).
Some other myths; you will never get rich by:
- Canceling subscriptions
- Having food at home and not going out
- Waking up at 5am and starting early just cuz so and so CEO does
The only way to get rich is by increasing your cash flow.
Remember this:
Eventually, money becomes cheap and time becomes expensive.
You must Stop trying to hack your way to wealth and get to work. That is the boring stuff ], getting to work.
You could spend months (or even years) trying to start a business from scratch, and you still might end up at zero after all that effort. It is nearly impossible to do some thing else full time and start a businesses, most businesses aren’t typically side hustles, they take real energy. The fail rate of startups is incredibly high.
You could attempt to do this all with passive investing in the stock market as most people try to in Pakistan. The returns would take some time or A LOT of money and luck.
The other path, Buy an EXISTING business or a share in the businesses? It’s boring because it takes time to evaluate, time to find the right trust worthy partner and it’s hard work.
The plus side? It’s already set up – customers, employees, systems. It will keep on running…and giving you cash.
Some things to get started, visit markets in any vertical that interest you, look at people who have a good client base, but may want to sell due to age/retirement, no follow on support, family not interested to run the small business, shop, store. The typical option some one has in that space is to eventually shutter down, but they keep going till their age or health or both don’t allow. There is an un-met opportunity in this space. Those retiring can do with good honest partners, who give them some “cash out” for their life’s hard work, they can continue to make a living and business continues, you can add some support staff to them, spend your weekends helping/learning or getting other family members involved. What you can capture, is the businesses hard work, cash flow, clients, reputation and supply chains. It’s literally like showing up and getting some thing at a deep “time discount”.
How can you buy a small business or partner up with some one? Most businesses like this are sole proprietors, sit and do the math, see if the businesses profits/cash flow will allow you to pay off /retire the owner in three years, invest the money up front, use the businesses cash flow to start buying the business, learn it, keep it and grow it, those cashflows will continue way past you being 100% owner. The first one is the hardest. Trust me it works. Start by visiting, joria baazar, boloton market, cooperative market, sadar, bohri-bazar. Start meeting people, start investing time, start evaluating and perhaps you will find some thing that start giving you cash flows you didn’t expect.
Monetize your time
Ep. 32: Elaine Pofeldt on million-dollar one-person businesses.
Ep. 32: Elaine Pofeldt on million-dollar one-person businesses.
This is incredible. Worth the listen. So many ideas so many simple things. From a different market but equally rewarding to follow her
Made in Pakistan
In collaboration with the U.S. Centre for Disease Control and Prevention, P&G has developed a low-cost powder technology, which has been specifically designed to purify drinking water as per World Health Organization standards.
A 4 gram P&G Purifier of Water sachet treats 10 liters of water by effectively killing bacteria and viruses and removing parasites and solid materials.
——-
In 2004, the Company made an initial investment of about half a million US dollars to establish a PuR- water purifier, manufacturing facility equipped with state-of-the-art manufacturing technology and quality assurance processes and systems.
With a production capacity of 50 million sachets annually, the P&G Pakistan Hub Plant is the only P&G plant in the world that produces PuR. This not only meets local needs of safe drinking water but is also exported to a host of countries including Australia, Chad, Congo, Denmark, Dominican Republic, Ethiopia, Haiti, Indonesia, India, Kenya, Malawi, UAE and Uganda.
Procter & Gamble Pakistan as its continued commitment intends to build another plant and for this has recently acquired a 25 acre plot of land in Port Qasim, Sindh for production of a range of products.
CDC Website
CDC Website
One Last Thing (worth the read)
When you have the time this weekend, read this. If you don’t have time. Make some time, you wont be disappointed.
Did you enjoy this issue?
Faizan Siddiqi

I have been fortunate to have mentored founders, established CEO's & students for about a decade, across the world. Every interaction has been an enriching experience for me personally. What I've observed , every one wants to do things FASTer. Be successful faster, be richer faster, do more faster, get to the end state faster. To grow FASTer you must learn to rely on small data, small acts & pick up on small nuances. Most people need a little push, contextually aware advice, directionality and a candid forum to learn from mistakes, perhaps their own but ideally from the mistake of others. This is an attempt to provide a safe space to answer the questions you don't ask in public and providing Go To Market Snippets on every day things, so you can truly Transform to your desired end-state, FASTer.

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