What I Learned This Week (#47)

Introduction

Welcome to What I Learned This Week (WILTW)!

Hello, curious minds,

I'm Rami El-Ashi, and I'm thrilled to share my weekly learnings with you. This newsletter is a collection of my discoveries, insights, and reflections gathered from the experiences and knowledge gained every Sunday through Thursday. I've always believed that learning is a lifelong journey, and this newsletter is a testament to that belief.

Each Thursday, I'll be curating a diverse range of topics, from intriguing facts and life lessons to the latest trends and thought-provoking ideas that have shaped my week. My aim is to spark your curiosity, inspire new thoughts, and perhaps even initiate conversations that enrich our understanding of the world.

I'm excited to embark on this learning adventure with you. Let's explore, grow, and uncover new perspectives together in "What I Learned This Week."

Thank you for joining me on this journey.

Stay curious,

Rami El-Ashi

Table of Contents

• The Realities of Startup Success: When the Numbers Don't Add Up
• Mastering the Art of Patience: A Guide to Successful Bitcoin Dollar-Cost Averaging
• Unlocking the Future of Academic Reading with ChatPDF
• From Knowledge to Hustle: Building a Remote Cleaning Business from Scratch
• Zorro: The Pomodoro Timer is for SALE!

Sunday, November 19, 2023

The Realities of Startup Success: When the Numbers Don't Add Up

by Rami El-Ashi

Embarking on the journey of a startup is a dream shared by many, envisioning a path paved with success, innovation, and financial rewards. However, the reality often diverges from the dream, and in this blog post, we'll dissect a scenario that challenges the notion of startup success.

Picture this: you're one of four co-founders at a venture capital (VC) funded startup, a thrilling prospect filled with promises of success and financial gains. The startup, against the odds, manages to secure a remarkable $100 million exit. On the surface, it sounds like a substantial achievement, but the story takes an unexpected turn when you consider the financial intricacies at play.

The startup's success is not solely yours to relish. Venture capitalists, who played a pivotal role in fueling the growth of the company, have a substantial stake in it. In this scenario, the co-founders find themselves diluted to a mere 10% ownership due to the significant influence of VCs.

As if that weren't enough, the taxman comes knocking, claiming a hefty 50% of the pie. Suddenly, the $10 million that was left gets sliced in half, leaving you with $5 million.

Now, let's talk about the real kicker: the effort invested. For six years, you and your co-founders have poured your blood, sweat, and tears into this venture. Working seven days a week, clocking 12 hours per day, the dedication is unquestionable. Yet, when you break down the numbers, the financial return might not match the sacrifices made.

After all is said and done, you find yourself going home with $1.25 million in cash. Sounds like a substantial amount, right? But consider this – you've been working tirelessly, dedicating yourself to the success of this startup, and the hourly wage, when calculated, amounts to $47.

Yes, you read that correctly – $47 per hour.

It's a stark realization. Many individuals on platforms like Upwork, freelancing from the comfort of their homes, earn more than that without the grueling hours and the uncertainties of startup life.

This scenario serves as a reminder that the journey of a startup is not always a straightforward path to financial prosperity. The equation involves various factors – ownership dilution, external investments, and hefty tax burdens. It prompts us to reconsider the conventional narrative surrounding startup success and encourages a more nuanced understanding of the challenges and rewards in the entrepreneurial landscape.

Monday, November 20, 2023

Mastering the Art of Patience: A Guide to Successful Bitcoin Dollar-Cost Averaging

by Rami El-Ashi

Introduction:

In the dynamic world of cryptocurrency, navigating the highs and lows of the market can be a daunting task. However, a strategic approach like dollar-cost averaging (DCA) can turn the volatility into a long-term advantage. Let's delve into a scenario that illustrates the power of patience and consistent investment in Bitcoin.

The DCA Scenario:

Imagine initiating a dollar-cost averaging strategy into Bitcoin right at the peak of the last market cycle, where the price soared to $69,000. Committing to a disciplined routine of purchasing $100 worth of Bitcoin every week, you would have invested a total of $10,000. Fast forward to the present, and your investment has appreciated to a remarkable $13,431.32 – a gain of 34.31%.

The Dead Top Dilemma:

What makes this scenario noteworthy is the starting point – the notorious "dead top" of the market cycle. Contrary to conventional wisdom, Bitcoin spends minimal time at its peak values. This characteristic provides dollar-cost averagers with an extended window of opportunity to accumulate assets during market lows.

The Power of Long-Term Investment: This example underscores a fundamental principle in the world of cryptocurrency investment – patience pays off. By adopting a long-term perspective and consistently investing over time, investors can navigate the market's volatility with confidence.

Key Takeaways:

1. Strategic Discipline: Dollar-cost averaging exemplifies the importance of strategic discipline. Regardless of market fluctuations, adhering to a routine of consistent investments can yield favorable outcomes.
2. Timing is Relative: Starting at the peak of a market cycle may not be as detrimental as it seems. Bitcoin's cyclical nature provides ample opportunities for patient investors to accumulate during periods of lower valuation.
3. Long-Term Vision: The journey of a successful Bitcoin investor is a marathon, not a sprint. Embrace the role of a long-term investor, steadily accumulating assets and allowing time to work in your favor.

Conclusion:

In the realm of cryptocurrency, successful investment requires a blend of strategic planning, discipline, and a steadfast commitment to long-term goals. By embracing dollar-cost averaging and weathering market cycles with patience, investors can position themselves for enduring success in the ever-evolving world of Bitcoin.

Tuesday, November 21, 2023

Unlocking the Future of Academic Reading with ChatPDF

by Rami El-Ashi

In the ever-evolving landscape of AI applications, a groundbreaking tool has emerged to revolutionize the way we engage with academic literature. Introducing ChatPDF – an innovative, AI-powered app designed to streamline the process of reading and comprehending journal articles.

Gone are the days of grappling with dense texts and struggling to extract valuable insights. ChatPDF offers a seamless solution to make the arduous task of deciphering research papers easier and faster than ever before.

The premise is simple yet powerful – users can effortlessly upload a PDF and embark on an interactive journey with ChatPDF. The app's intuitive interface allows you to pose questions, creating a dynamic and engaging experience akin to conversing with an AI-driven counterpart.

For those familiar with ChatGPT, envision a tailored sibling specifically crafted for navigating the intricacies of research papers. The beauty lies in its adaptability – whether you're a seasoned researcher, a student, or an enthusiast diving into academic literature, ChatPDF has something to offer.

The process is straightforward: upload a PDF, start asking questions, and witness a new dimension of understanding unfold. No longer bound by the limitations of traditional reading, ChatPDF opens the door to a world where decoding complex research becomes an interactive and dynamic endeavor.

As technology continues to redefine the boundaries of what's possible, ChatPDF stands as a testament to the potential AI holds in enhancing our academic pursuits. Embrace the future of scholarly exploration – embrace ChatPDF. Your journey to simplified, accelerated research starts here.

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Wednesday, November 22, 2023

From Knowledge to Hustle: Building a Remote Cleaning Business from Scratch

by Rami El-Ashi

Introduction:

Imagine starting from scratch, armed only with knowledge. I'd dive into the hustle of creating a remote cleaning business, aiming for a quick climb to success. Here's a step-by-step guide on how I'd achieve it:

1. Essential Tools (Investment < $1,000):

- Logo: Canva

- Email: G Suite

- Virtual Assistant: Onlinejobs

- LLC Setup: LegalZoom

- Documentation: PandaDoc

- Payments: Stripe

- Insurance: Thimble

- Domain: Namecheap

- Business Number: OpenPhone

- CRM/Website: BookingKoala

- Cleaners: Housekeeper.com

2. Business Name & Site:

- Keep it simple. Pair an adjective with words like Maid, Mop, Broom, or Cleaning.

- Register the domain and set up an LLC.

3. Learning the Trade:

- Utilize YouTube for a crash course in cleaning.

- Recognize the need to scale, moving beyond hands-on cleaning.

4. Finding Professional Cleaners:

- Use Housekeeper.com to find insured cleaners with at least 1 year of experience and a clean background.

5. Pitching Cleaners:

- Emphasize:

- No sales or marketing efforts required.

- Guaranteed job flow.

- Show up, get paid.

- Pay them competitively ($25-$35 per hour).

6. Finding Customers:

- Set up Google Local Service Ads with a 50% close rate and $300-$400 average job size.

- Utilize BookingKoala for scheduling.

- Secure Google Local Service Ads approval by offering free cleanings for friends and family in exchange for reviews.

7. Grand Opening Method for Organic Leads:

- Join local Facebook groups.

- Engage with the community, offering cleaning insights and answering queries.

- Gradually introduce discounts and promotions after building trust.

8. Hire a Virtual Assistant:

- Visit onlinejobs.ph to post a job and hire a VA.

- Offer $800/month plus a small bonus for sales.

9. Train Virtual Assistant:

- Daily meetings for the first 60 days to train on sales scripts, software usage, and reviewing sales calls.

- Delegate sales calls and scheduling tasks, aiming for a 40%+ close rate.

10. Revenue and Profit Numbers:

- By month 2, anticipate nearing $30k/month in revenue and $10k/month in profit.

11. Guarantee:

- Introduce a customer-friendly guarantee: "If we show up late, we'll buy you a coffee."

- Enhances close rates and encourages repeat business.

12. Reviews:

- Aim for the top 3 in Google My Business "map pack."

- Obtain reviews through proactive follow-up, ensuring customer satisfaction.

13. Recurring Cleanings:

- Post-service, ask clients about their next cleaning, assuming the sale.

- For disinterested clients, schedule follow-ups for future opportunities.

Conclusion:

In just 12 steps, we've crafted a strategy from ground zero to a thriving remote cleaning business, demonstrating the power of strategic planning, technology, and a customer-centric approach.

Thursday, November 23, 2023

Unlocking the Potential of Zorro: Your Gateway to Monetization

by Rami El-Ashi

Hello WILTW Community,

Are you ready to step into the realm of enhanced productivity and tranquility? We present an exciting opportunity – Zorro: The Pomodoro Timer, a fully developed web app designed to transform work sessions into focused and harmonious experiences.

Why Zorro?

Discover the unique features that set Zorro apart:

1. Tailored Productivity:

• Customize your work intervals and breaks with the Pomodoro Technique.
• Immerse yourself in five calming background sounds: Forest, Ocean, Rainy, Peace, and Cafe.
• Enjoy an intuitive and user-friendly interface for a seamless experience.

2. Unleash Focus:

• The Pomodoro Technique, complemented by tranquil background sounds, enhances concentration and creativity.

3. Stress-Free Zone:

• Zorro creates a stress-free work environment, promoting a healthier work-life balance.

What Awaits the New Owner?

As the prospective new owner of Zorro, you'll benefit from:

1. Untapped Potential:

• Zorro is in the pre-revenue stage, offering immense potential for monetization and growth.

2. Creative Expansion:

• An opportunity to shape Zorro's future and explore various avenues for expansion.

3. Ready for Monetization:

• Zorro is primed for immediate monetization, awaiting the right strategy.

4. Scalable Technology:

• Built on scalable and reliable technology, Zorro is poised for future development.

Monetization Strategies for Zorro

Here are some suggestions on how the new owner can monetize Zorro:

1. Premium Features:

• Introduce a premium subscription model offering advanced features, additional background sounds, or customization options for a subscription fee.

2. Ad-Free Experience:

• Offer users an ad-free experience by incorporating non-intrusive advertisements for free users and a subscription option for an ad-free version.

3. Partnership Collaborations:

• Explore collaborations with productivity or wellness brands for sponsored background sounds, creating a mutually beneficial partnership.

4. Licensing Opportunities:

• Consider licensing Zorro to educational institutions, businesses, or organizations for use as a productivity tool, creating a new revenue stream.

5. Mobile App Expansion:

• Develop a mobile app version of Zorro and monetize it through app stores, reaching a wider audience and increasing revenue potential.

6. Merchandising:

• Create and sell Zorro-branded merchandise, such as work accessories or wellness products, to the user base.

How Can You Acquire Zorro?

If you're intrigued by the possibilities Zorro presents and ready to shape its future, here's how you can acquire it:

1. Express Your Interest:Reach out to me at [email protected] to express your interest in acquiring Zorro.
2. Learn More:Receive additional information about Zorro, including its features, current user base, and growth opportunities.
3. Negotiate Terms:Engage in discussions to negotiate terms that align with your vision for Zorro.
4. Seamless Transition:Once an agreement is reached, we'll work together for a smooth transition of ownership.

Let's Shape the Future of Zorro!

If you're passionate about productivity, technology, and creating positive user experiences, Zorro could be your next venture. Let's discuss how you can take this innovative Pomodoro timer to new heights.

Reach out to me at [email protected], and let's start the conversation.

Here's to the future of Zorro!

Thank You for Joining Me This Week!

Thank you, dear readers, for embarking on this learning journey with me. I hope the insights and discoveries shared in this edition of "What I Learned This Week" sparked your curiosity and perhaps even inspired new avenues of thought.

Your support and readership mean the world to me, and I'm genuinely grateful for your engagement and interest in the topics covered. Remember, the journey of learning never truly ends, and I look forward to sharing more fascinating discoveries with you next week.

Advertise in WILTW!

Are you looking to reach an engaged audience passionate about learning and discovery? Consider advertising in "What I Learned This Week"! Connect with curious minds eager to explore new ideas and products. For advertising inquiries or collaborations, please reach out via email at [email protected].

Thank you once again for being a part of this enriching journey.

Until next week,

Rami El-Ashi