You will be History: 1) If you are in a business that still uses a fax machine 2) If you are in a business that has no price transparency 3) If you are an incumbent only because no one will compete with you 4) If you have scale & winning only due to legacy scale
So how does FOMO become real.
Foreign Origin Money Orchestration. (WTF?)
The min Foreign Money comes to our shores as it is now
1) Incumbents will feel the pain & die 2) Labour force will be disrupted for the worse(short term) 3) Scale effects will be 100x 4) Weeks not Years
Lets un-pack it.
No real money has come to Pakistan in years besides industrial projects, any one who had any edge, dominance, market leader position is typically because there was little to no competition. From Airlines to Bus services, to Branded grocery stores.
With the coming of money, there is a cultural shift, a reliance on tech, the ability to compete and challenge long held leadership positions and control over markets and niches. Competition is a great thing, it's coming to our shores. It will be painful for the rent seekers
As tech disrupts ways of working and days of working by seconds and minutes, he initial effect will be catastrophic, people will be scrambling from loss of work. That is never a good place to be for any one or the economy, but new roles needing technical skills will emerge
Rent seekers will go down, causing job losses in the 100s and then 1000s,but the economic mobility for the ones in it to win it will create economic spend downstream, over time equalising the displacement. Rent seekers will hurt the most as will their empires.
Change & transition is never easy, this wont be either, it will be the worst for those who think they are invincible or those riding the tails of good will or legacy or concessions or special incentives or subsidies. Tech + Money is the new equalizer.
Emotional intelligence in business, or the ability to understand your emotions and others, is crucial regardless of what industry you operate in.
Emotional intelligence represents the intersection of emotions and general mental ability.
We generally suck at it in our business ecosystem. Hence the emotional well being and work cultures are rigid, boring, toxic, political and lack empathy. Impacting our national output, lowering productivity and self satisfaction.
How many people do you know that love their job?
Per a study, EI/EQ is linked to higher salaries if you got what it takes. researchgate.net/publication/31…
EI includes the ability to use emotions to increase motivation & focus, it also includes the ability to detach from very powerful short-term emotions when needed to better focus
For every solopreneur or CEO, manager, worker bee that complains that they are drowned in stuff. You cant fix what you cant measure. Heres a simple thing to do, during the day or day end measure your effort vs roi across activities
1)Planned 2) Unplanned 3) Outside the box/1off
List down the things that you plan on doing during that day before hand or as they happen. For things just show up on your schedule, put them in the unplanned box, things that you think are out of the box/one offs capture them too. Do a day end Roi on the time u spent vs output
Do this for a few days a week, a month a few months. Patterns will emerge,you can now get to your benchmark state. What do you do most of the day? Why are 50% of the things unplanned? How many one offs are really one offs? Why are planned things not more structured.
Old Business, low/new & simple tech, industries & niches that are ready for innovation to break monopolies and save FX 1) Hardware supplies 2) Medical Test/Test Pricing-transparency 3) Comparative/List pricing Services 4) Consumables/Bread Basket Pricing
1)The hardware space in PK operates on a the investment, import and master distribution of the few. A dozen key agents who control and monopolise the industry. How you ask? They control the supply from import to price fixing to distribution and retail. It is the game of the few
At its core,the importer imports,does dodgy stuff to evade duties,as we barely make any hardware tools, nails, pipes,connectors etc.Most of this money leaves the shore via "hawala" or most of it is under invoiced when paid with banking channels. Or both.
Of Airlines, Nationalisation, Privatisation and History. Pakistan, Bangladesh & India
Across the border the Salt to Software empire of TATA is likely to take over Air India. Established by J.R.D. Tata, who was India’s first licensed pilot, the airline originally flew mail in the 1930s between Karachi in then-undivided, British-ruled India and Bombay
Orient Airways Ltd was an airline established in 1946 with its base in Calcutta, Bengal, British India. The airline shifted operations to the newly independent state of Pakistan in 1947, and was rechristened as Pakistan International Airlines in 1955.
Dollarized Talent Wars, Local Talent, HR & Culture, Saiths & Traditional Firms, Technology Horse Power & How to not go out of Business.
1)Industry Celebrates Funding Wins
2)Tech/Most other Talent sees $$s
3)Saiths asleep @ the wheel
4)People waiting
5)HR Folks have no clue
External funding is testament to two things if not more. 1) Validation of Local Markets 2) Validation of Local Talent
Talent comes in 4 Categories
1)Export Variety
2)Ppl who wish they were export variety
3)Top flight returned talent that has reverse culture shock
4)Boston Univ
The talent spread is multilayered:
Folks working in/for: 1) Mushrooming freelance/exporter crossover space 2) FMCGs/Local Large Cos 3) In house tech @ Saith Orgs 4) Large back offices 5) Startups(funded) 6) Startups (boot strapped) 7) Traditional companies 8) Banks 9) State orgs
Sears vs Amazon. Boring Vs New. Staying-Power vs Building-Power.
Some History:
In 1886 Richard W. Sears founded the R.W. Sears Watch Company in Minneapolis, to sell watches by mail order. He relocated his business to Chicago in 1887, hired Alvah C. Roebuck to repair watches.
They established a mail-order business for watches and jewellery. Their first catalog was offered the same year. In 1889 Sears sold his business but a few years later founded, with Roebuck, another mail-order operation, which in 1893 came to be known as Sears, Roebuck and Company
In 1895 Julius Rosenwald, a wealthy clothing manufacturer, bought out Roebuck’s interest, and he reorganized the mail-order business. Sears meanwhile wrote the company’s soon-to-be-famous catalogs.