Podcast: Mental Health for Professional Success

Biz Hack: Tackling Innovation Scaries

Biz Essentials: A 30-Second Masterclass on Mental Strength

Save the Date: Networking Events Worth the Hype

💰 Deal Sealed

Tesla shareholders unanimously voted to reinstate the CEO Elon Musk’s $55 billion compensation package, which was okayed in 2018 but struck down by a Delaware judge in January. Musk had earlier threatened to leave the company and develop important tech like AI elsewhere if it was not re-upped.

📊 Digital Twin At Work

Zoom’s CEO and founder Eric Yuan laid out a vision for workplaces populated by AI avatars that attend meetings, send emails, and even make business decisions on your behalf. He predicts that, within five or six years, workers will be able to scale down their workdays to three to four days a week and attend just 10% of the meetings they do today. 

🔢 85%

The share of companies with zero profit or negative net income that sought capital under a regulatory shortcut that allows risky startups to raise billions from rookie investors. Regulation A, designed to help smaller companies, lets businesses raise as much as $75 million annually while complying with lighter-touch rules than a traditional IPO.

Resort To Other Growth Levers: Innovation isn’t the ONLY route to growth. Other tools such as price adjustment or distributions can be cost-effective approaches. 

Review Your Portfolio: Avoid investment in new product launches for low-growth brands in stagnant categories. Invest in medium-growth brands in growing categories. 

Evaluate Project Complexity: Take account of products’ complexity drivers such as the need for new ingredients, new suppliers, or products making new claims. 

Creating a Tailored Process: As an example, a change to graphics on packaging through a streamlined approval process drastically reduces time-to-market. 

Operate Boldly: Trust new processes, timelines and requirements. 

Create Holistic Launch Plans: Design launch plans, including distribution, advertising, marketing, supply chain, and inventory forecasts to ensure that resources are in place to support the initiative post-launch. 

Employ Long-Term Tracking: Track innovation metrics (both financial and non-financial) closely for at least two to three years post-launch. Tie incentives to meeting or exceeding these metrics for enhanced accountability. 

It’s Viral 📣Roger Federer’s commencement address at Dartmouth College. Federer acknowledged that many perceived his success as ‘effortless’ but he stated that was far from the truth. “Most of the time it’s not about having a gift. It’s about having grit,” the Tennis legend said. 

Engage 🗣 Elon Musk fired 80% of Twitter (6500 people) and everyone thought that the social media platform was doomed. It’s the management masterclass of the decade and every entrepreneur must understand why it worked.

Pocket-Worthy Reads 📚 Six Verbs That Make You Sound Weak (No Matter Your Job Title)

Productivity ✏️The Best Way To Organize Your Life, Based On Your Myers Briggs Type