The type of friends or networks you have will contribute significantly to your outlook. If you happen to be a hustler, they likely have the potential to give you deep insights. Locally like most other places, its typically who you know mixed with what you know
That will add significantly to the outcomes you make for your self. Some of the most boring professions make for the best network effect. Having access to commercial bankers, who see all kinds of funding needs & interact with the "traditional" businesses in our ecosystem
tend to be an invaluable source of insights to the most boring and unsexy verticals that can use a hustler. The value unlocked by commercial bankers is second only to pindi boys. The other variety of folks that lend insights are those, who are in the business of being middle men
Traders,Distributors, Agents and Representatives. Basically the rent seeking equivalent of fuedals for business who either by virtue of their disposition or brains got an early ticket to some "license" or some early market "access" to become its middle men.
These are the places where you can draw ideas, not emulate their line of business necessarily. These conversations alert you to market/product adjacencies which may not be in the headlines but can surely help you build a bottom line that is healthy.
There may be sexier tech companies out there that generate most or all the headlines But in pure business terms, there's nothing sexier than quietly amassing control of a deep niche that just keeps monopolistic with the passage of time. Focus there. Look for those opportunities
Value all kinds of connections,more so don't undervalue the ones you already have. The people U know already who are doing all kinds of small businesses are the real heroes & entrepreneurs. Its tough being in business any where but its 10x tougher here esp if u start from scratch
Look for survival stories and grit, emulate those, dont look for shortcuts, they tend to be the most expensive way to get some thing done fast. Also look for positivity, negative people are a zero sum game. Focus on the bright & optimistic variety vs the old school & pessimistic
In the end find the shortest possible window it takes to experiment with the least amount of resources to test an idea/hypothesis, perfection ≠ success, execution + scale = higher probability of success @rebootdude @Ash_Kalim @SaadGH @YusufJan @raza_matin @ShahidM99 @FaizaYousuf

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More from @faizansiddiqi

15 Nov
Ease of doing biz. Entrepreneurs and small business face a spade of challenges especially the indiscriminate taxes and levies imposed by the various levels of government in PK. The explanation is straight forward we just choose not see it.
When u have a vast majority of folks who have never run any thing successful let alone a biz are the ones running this country.They only understand feudal extraction (rent seeking). It is the same as babu mentality.Targeting those who perceptively have something to give.Or loose
When the vast majority of the people running the country are under qualified and lazy across all levels, this is what you get. Worse still, these taxes they collect hardly deliver any benefit society at large or the common man. It is an exercise to siphon for self & their cronies
Read 18 tweets
14 Nov
My first mentor was my professor who told me that if you miss a touch down by an Inch it's not a touch down. Much like if u miss an A by one point. Whilst American football may not be for every one. That lesson ensured that I knew 'almost' is the diff between mediocre & great.
Don't be an almost kind of person. Don't almost get stuff done. Don't almost make it to an event. Be great, go for the touch down in everything u do. If you almost start a company or almost release a product you will almost be a unicorn. Which means nothing. Almost plagues us.
We are a nation of almost. We almost always get democracy and almost also get military rule we almost get good leaders and almost jail the ones that we almost run through the legal system. Almost certain every time that this time things will almost be right. U get the idea?
Read 9 tweets
14 Nov
Don’t let your mentors confuse you, biz isn’t all that complicated: sell 1 thing to 1 person you don’t know, then repeat. Best case, get faster at it along the way and make sure the product/service remains compelling.
Mentors are great so long as you don't confuse them to be CxOs in your biz. Remember your biz is your biz. Seek advice and use them as sounding boards or SMEs. If your mentoring outlook is picking some ones brain, make sure u pick the parts u need vs the parts they aren't using.
Stay away from tittle inflation when looking for mentors. Look for quality of human being.Look for some one with high EQ & empathy. In my experience the best mentors I've had are the kindest ones @ large. It starts by being kind enough to lend you their time followed by headspace
Read 15 tweets
28 Oct
We are bad at dealing with ambiguity and its known to get worse when there's money on the table. Typically we can take better risks by using a pencil, not our gut, to weigh what a chance is worth. More times than none we over estimate our ability to get it right,worse 4 startups
Perceptive value is a powerful construct, easy to understand, but excruciatingly difficult to use in our daily lives. So it's the value of an outcome X the likely hood it will happen. Seems simple enough, but is it?
Let's look at the low & high. If the fine for littering is 100 & u have a 1/10 chance of being caught as u throw your wrapper outside, right after ur purchase. The expected cost of breaking the law is 10. Do it enough times & eventually get caught that's what it'll cost u.
Read 13 tweets
27 Sep
The future is not female. The present is. The wrong question to ask is "how to get more women in tech" that would imply that some how "men" are the ones giving women power. The ask cant be to have more women take (corp/exec/founder roles)esp with the current mental disposition
The view has to change first. In history no ones given up power by choice. Not much different for companies. Power has to be taken, it can be taken when we all as society/ecosystems amplify the work, women executives & founders are doing across industries. Wont happen over night.
But we have stop over-indexing on male founders. The disposition has to change from thinking women have to seek permission or join some 1 else's band wagon vs launching their own. This narrative changes with us, you dont need to give any one permission, only encouragement
Read 15 tweets
26 Sep
Problems worth solving is a concept worth spending time on. Building an other app for chatting is a trivial problem, 1 likely not startup worthy. The key is to think about the process of finding problems worth solving. If it has a low barrier to entry 4 U it does for others 2.
Dont chase the same rabbit as all others, find things that from the outside in are extremely challenging to scale but likely can. It might be better to focus on something very hard at first sight, something unsexy and messy. All the world's problems if looked at from a tech lens
Will continue to make u think that all problems are technical problems. Just like we all read the same blogs, follow the same popular tech news we continue to be a curated version of the world's technical output. This makes us shortsighted in terms of the problems of this world.
Read 13 tweets

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