Naval Ravikant provides principles for wealth creation through entrepreneurship and leverage. Wealth is created through businesses and assets that earn income without constant work. The most important skills for wealth creation are reading, writing, arithmetic, persuasion, and computer programming. Entrepreneurs should find founder-product-market fit by pursuing their specific knowledge and building something that utilizes leverage at scale through the internet. Judgment, accountability, and developing wisdom over the long term are essential for accessing leverage that can multiply wealth.
This is the handout from a presentation that I made at a startups workshop in Jakarta, Indonesia. I was amazed at the lack of clarity that most of the participants had in their "pitches" and the lack of understanding of the need to tailor your pitch to the audience, as well as your own objectives.
Of course, the actual presentation was less wordy, and adhered to Guy Kawasaki's 30/20/10 rule as well as the 7 x7 mode of slide presentation
Lessons From My 20s on Life, Entrepreneurship, and The World - Ryan AllisRyan Allis
A 1285 slide presentation on everything I learned in my 20s on life, entrepreneurship, and the world, created in advance of my 30th birthday on August 14, 2014.
See full presentation at http://hive.org/20s
Some think working remotely is a terrible setting that takes control away and let's employees stay at home and be useless. Others find that remote work increases overall productivity and lowers the need to micromanage.
And both sides might be correct as remote work, like all other structures, work really well for some and make others crazy.
The only thing that we can say for certain is that telecommuting is increasingly popular and there are problems you need to face to make it work.
A great look on designing startups from a designers' perspective based on the new book "Designing A Better Business" by Patrick van der Pluijm & Maarten van Lieshout.
WTF - Why the Future Is Up to Us - pptx versionTim O'Reilly
This is the talk I gave January 12, 2017 at the G20/OECD Conference on the Digital Future in Berlin. I talk about fitness landscapes as applied to technology and business, the role of unchecked financialization in the state of our politics and economy, and why technology really wants to create jobs, not destroy them. (There is a separate PDF version, but some readers said the notes were too fuzzy to read.)
Slides I created for Pitch Deck seminar I gave at Samurai Startup Island in Tokyo, October 7, 2015, to help entrepreneurs craft a presentation to tell the story of their startup clearly and persuasively.
24 Productivity Habits of Successful People - by @prdotcopr.co
These are the history’s most successful people. Being so successful, they must have failed more than others. They must have found how to make it work - in how they lived, their routines, their failures and their habits. Let’s look for theif formula for success, the tips and tricks they used to be successful at what they did best. Anything you may find inspiring?
Article: http://academy.pr.co/127380-24-productivity-habits-of-successful-people
Inspired by: https://medium.com/life-learning/25-daily-rituals-of-history-s-most-successful-d87f1cf43077
Created by: http://pr.co
This is the handout from a presentation that I made at a startups workshop in Jakarta, Indonesia. I was amazed at the lack of clarity that most of the participants had in their "pitches" and the lack of understanding of the need to tailor your pitch to the audience, as well as your own objectives.
Of course, the actual presentation was less wordy, and adhered to Guy Kawasaki's 30/20/10 rule as well as the 7 x7 mode of slide presentation
Lessons From My 20s on Life, Entrepreneurship, and The World - Ryan AllisRyan Allis
A 1285 slide presentation on everything I learned in my 20s on life, entrepreneurship, and the world, created in advance of my 30th birthday on August 14, 2014.
See full presentation at http://hive.org/20s
Some think working remotely is a terrible setting that takes control away and let's employees stay at home and be useless. Others find that remote work increases overall productivity and lowers the need to micromanage.
And both sides might be correct as remote work, like all other structures, work really well for some and make others crazy.
The only thing that we can say for certain is that telecommuting is increasingly popular and there are problems you need to face to make it work.
A great look on designing startups from a designers' perspective based on the new book "Designing A Better Business" by Patrick van der Pluijm & Maarten van Lieshout.
WTF - Why the Future Is Up to Us - pptx versionTim O'Reilly
This is the talk I gave January 12, 2017 at the G20/OECD Conference on the Digital Future in Berlin. I talk about fitness landscapes as applied to technology and business, the role of unchecked financialization in the state of our politics and economy, and why technology really wants to create jobs, not destroy them. (There is a separate PDF version, but some readers said the notes were too fuzzy to read.)
Slides I created for Pitch Deck seminar I gave at Samurai Startup Island in Tokyo, October 7, 2015, to help entrepreneurs craft a presentation to tell the story of their startup clearly and persuasively.
24 Productivity Habits of Successful People - by @prdotcopr.co
These are the history’s most successful people. Being so successful, they must have failed more than others. They must have found how to make it work - in how they lived, their routines, their failures and their habits. Let’s look for theif formula for success, the tips and tricks they used to be successful at what they did best. Anything you may find inspiring?
Article: http://academy.pr.co/127380-24-productivity-habits-of-successful-people
Inspired by: https://medium.com/life-learning/25-daily-rituals-of-history-s-most-successful-d87f1cf43077
Created by: http://pr.co
Presentation I gave at the Time Millionaires conference - September 2012.
Discussing 7 key mindset shifts for business and personal development for those in the fitness & health industry. Keys for creating the life you want.
For this slideshow, I will show you the cons of staying within your comfort zone and the benefits of expanding it. We must find this middle ground—a balance of controllable anxiousness. This is successfully expanding our comfort zone.
10 Insightful Quotes On Designing A Better Customer ExperienceYuan Wang
In an ever-changing landscape of one digital disruption after another, companies and organisations are looking for new ways to understand their target markets and engage them better. Increasingly they invest in user experience (UX) and customer experience design (CX) capabilities by working with a specialist UX agency or developing their own UX lab. Some UX practitioners are touting leaner and faster ways of developing customer-centric products and services, via methodologies such as guerilla research, rapid prototyping and Agile UX. Others seek innovation and fulfilment by spending more time in research, being more inclusive, and designing for social goods.
Experience is more than just an interface. It is a relationship, as well as a series of touch points between your brand and your customer. Here are our top 10 highlights and takeaways from the recent UX Australia conference to help you transform your customer experience design.
For full article, continue reading at https://yump.com.au/10-ways-supercharge-customer-experience-design/
This presentation was used in our company's internal training in Problem Solving and Critical Thinking. Some parts were customized to fit our needs.
Presentation Contents:
Definition of Problem
What is Problem Solving?
Why Problem Solving?
Steps for Effective Problem Solving
Deep Dive on Problem Solving Process
Issue Tree
MECE Principle
Some Common Issue Tree Patterns
Feasibility X Impact Matrix
What is mindfulness and how can it help you perform better in the workplace? This Slideshare presentation condenses the findings and experiences of INSEAD Professors Natalia Karelaia and Randel S. Carlock.
Based on the articles published on INSEAD Knowledge
Here are a few tips on selling from David Ogilvy and other experts. Can you sell?
Enter the Search for the World's Greatest Salesperson. Deadline May 16, 2010 at youtube.com/ogilvy
We held the largest ever Virtual SlideShare Summit a week back, if you missed it here's your chance to hear from the experts once more on some of the takeaways on presentation design and SlideShare Marketing
Fight for Yourself: How to Sell Your Ideas and Crush PresentationsDigital Surgeons
Don't let your blood, sweat, and pixels be overlooked, great creative doesn't sell itself.
Every presentation is a story, an opportunity to sell not just your work, but what people actually buy — YOU.
This presentation will walk viewers through three core aspects of winning at any presentation, Confidence, Comprehension, and Conviction.
These concepts, central to your work as a creative professional, are backed by science and bolstered by thoughts from some of the world’s leading creative professionals.
Check out HubSpot's A to Z list of classic and modern business books to get back to business basics while simultaneously staying up to date on the latest trends.
The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary ResultsTheOneThing
The ONE Thing is a book for busy people.
Authors Gary Keller and Jay Papasan demonstrate that the results you get are directly influenced by the way you work and the choices you make. You'll learn how to identify the lies that block your success and the thieves that steal time from your day. By focusing on your ONE Thing, you can accomplish more by doing less. What's your ONE Thing?
The ONE Thing, a #1 Wall Street Journal bestseller, has been featured on more than 108 bestseller lists including The New York Times and USA Today.
Learn how to discover your ONE Thing at www.the1thing.com
The Product Visioning Workshop: A Proven Method for Product Planning and Prio...Perfetti Media
Is your team looking for new product concepts to capture a new market? Do you need to establish a long-term product strategy? Are you working to set a direction to drive roadmap decisions?
In this presentation, we will share a proven approach for creating a long-term product vision that your team can understand and rally behind. We will share all of the techniques you'll need to successfully run a Product Visioning Workshop with your product team and business stakeholders.
You will learn how to create a long-term vision for your product, establish consensus and buy-in across your organization, and prioritize features for the product roadmap. Your product managers will come away equipped to create roadmaps that align with your long-term product strategy.
Step Out Of Your Comfort Zone and into a More Balanced, Purposeful Career & LifeJessica Lawlor
Do you want to jump out of bed every morning excited to tackle the day ahead? Would you like to embrace adventure and explore new opportunities? Do you want to find more balance and less insanity in your career and life? There’s one thing you must do: step out of your comfort zone. Communications consultant and founder of the Get Gutsy blog, Jessica Lawlor, believes that getting comfortable with being uncomfortable is the key to reaching your goals, discovering your potential and living a life that makes you truly happy. In this session, she shared stories, tricks and tools for for finding more balance and purpose in your career and life. Learn more about Jessica Lawlor and stepping outside your comfort zone at JessicaLawlor.com.
https://www.wrike.com/blog/how-to-build-the-perfect-team-nancy-butler/ - Having the right people in place is essential to accomplishing your goals and building your business. Follow these tips from Nancy Butler, business coach and award-winning author of Above All Else, to assemble the perfect high-performing team.
http://productprosystems.com - The Product Creation Manifesto is a guide to information marketing and creating information products. Written by Greg Rollett, the ProductPro, this guide will show you the "why" behind recording your own info products as well as practical tips that walk you through the creation of your very own information marketing products.
Presentation I gave at the Time Millionaires conference - September 2012.
Discussing 7 key mindset shifts for business and personal development for those in the fitness & health industry. Keys for creating the life you want.
For this slideshow, I will show you the cons of staying within your comfort zone and the benefits of expanding it. We must find this middle ground—a balance of controllable anxiousness. This is successfully expanding our comfort zone.
10 Insightful Quotes On Designing A Better Customer ExperienceYuan Wang
In an ever-changing landscape of one digital disruption after another, companies and organisations are looking for new ways to understand their target markets and engage them better. Increasingly they invest in user experience (UX) and customer experience design (CX) capabilities by working with a specialist UX agency or developing their own UX lab. Some UX practitioners are touting leaner and faster ways of developing customer-centric products and services, via methodologies such as guerilla research, rapid prototyping and Agile UX. Others seek innovation and fulfilment by spending more time in research, being more inclusive, and designing for social goods.
Experience is more than just an interface. It is a relationship, as well as a series of touch points between your brand and your customer. Here are our top 10 highlights and takeaways from the recent UX Australia conference to help you transform your customer experience design.
For full article, continue reading at https://yump.com.au/10-ways-supercharge-customer-experience-design/
This presentation was used in our company's internal training in Problem Solving and Critical Thinking. Some parts were customized to fit our needs.
Presentation Contents:
Definition of Problem
What is Problem Solving?
Why Problem Solving?
Steps for Effective Problem Solving
Deep Dive on Problem Solving Process
Issue Tree
MECE Principle
Some Common Issue Tree Patterns
Feasibility X Impact Matrix
What is mindfulness and how can it help you perform better in the workplace? This Slideshare presentation condenses the findings and experiences of INSEAD Professors Natalia Karelaia and Randel S. Carlock.
Based on the articles published on INSEAD Knowledge
Here are a few tips on selling from David Ogilvy and other experts. Can you sell?
Enter the Search for the World's Greatest Salesperson. Deadline May 16, 2010 at youtube.com/ogilvy
We held the largest ever Virtual SlideShare Summit a week back, if you missed it here's your chance to hear from the experts once more on some of the takeaways on presentation design and SlideShare Marketing
Fight for Yourself: How to Sell Your Ideas and Crush PresentationsDigital Surgeons
Don't let your blood, sweat, and pixels be overlooked, great creative doesn't sell itself.
Every presentation is a story, an opportunity to sell not just your work, but what people actually buy — YOU.
This presentation will walk viewers through three core aspects of winning at any presentation, Confidence, Comprehension, and Conviction.
These concepts, central to your work as a creative professional, are backed by science and bolstered by thoughts from some of the world’s leading creative professionals.
Check out HubSpot's A to Z list of classic and modern business books to get back to business basics while simultaneously staying up to date on the latest trends.
The ONE Thing: The Surprisingly Simple Truth Behind Extraordinary ResultsTheOneThing
The ONE Thing is a book for busy people.
Authors Gary Keller and Jay Papasan demonstrate that the results you get are directly influenced by the way you work and the choices you make. You'll learn how to identify the lies that block your success and the thieves that steal time from your day. By focusing on your ONE Thing, you can accomplish more by doing less. What's your ONE Thing?
The ONE Thing, a #1 Wall Street Journal bestseller, has been featured on more than 108 bestseller lists including The New York Times and USA Today.
Learn how to discover your ONE Thing at www.the1thing.com
The Product Visioning Workshop: A Proven Method for Product Planning and Prio...Perfetti Media
Is your team looking for new product concepts to capture a new market? Do you need to establish a long-term product strategy? Are you working to set a direction to drive roadmap decisions?
In this presentation, we will share a proven approach for creating a long-term product vision that your team can understand and rally behind. We will share all of the techniques you'll need to successfully run a Product Visioning Workshop with your product team and business stakeholders.
You will learn how to create a long-term vision for your product, establish consensus and buy-in across your organization, and prioritize features for the product roadmap. Your product managers will come away equipped to create roadmaps that align with your long-term product strategy.
Step Out Of Your Comfort Zone and into a More Balanced, Purposeful Career & LifeJessica Lawlor
Do you want to jump out of bed every morning excited to tackle the day ahead? Would you like to embrace adventure and explore new opportunities? Do you want to find more balance and less insanity in your career and life? There’s one thing you must do: step out of your comfort zone. Communications consultant and founder of the Get Gutsy blog, Jessica Lawlor, believes that getting comfortable with being uncomfortable is the key to reaching your goals, discovering your potential and living a life that makes you truly happy. In this session, she shared stories, tricks and tools for for finding more balance and purpose in your career and life. Learn more about Jessica Lawlor and stepping outside your comfort zone at JessicaLawlor.com.
https://www.wrike.com/blog/how-to-build-the-perfect-team-nancy-butler/ - Having the right people in place is essential to accomplishing your goals and building your business. Follow these tips from Nancy Butler, business coach and award-winning author of Above All Else, to assemble the perfect high-performing team.
http://productprosystems.com - The Product Creation Manifesto is a guide to information marketing and creating information products. Written by Greg Rollett, the ProductPro, this guide will show you the "why" behind recording your own info products as well as practical tips that walk you through the creation of your very own information marketing products.
Seven steps for expanding a small business in the slums. What do you do when you have no capital? How do you move sideways into new business opportunities? How do you expand staff?
Ten steps to create a Business Miracle carmen ortiz
You have created a Business Miracle when you are the founder and leader of your own for-profit or non-profit business that allows you to live your passion- life’s purpose, express your Divine talents, make the difference in others, experience personal freedom, create financial wealth and share that wealth through wise philanthropy.
Overview of what it takes to conceive and execute a startup idea; where entrepreneurial ideas come from; dispelling some myths about entrepreneurship; short case studies and examples of different types of startup success.
Creating an Org. that NEEDS TO EXIST”YOU can get users and fu.docxvanesaburnand
Creating an Org. that “NEEDS TO EXIST”
YOU can get users and funders interested if you…
Create value for a critical need
Make the world a better place
Do something different than what’s been done before (innovate)
You cannot (should not) ask the crowd to fund…
A me-too business (same as what already exists)
A business designed only to make you rich
A concept that will only have a minimal impact
Convince people your org. needs to exist and you will…
Encourage customers to do business with you
Motivate employees to work for you
Drive partners to do business with you
Inspire newspapers to write about you
If you did not have enough time working through the business model innovation assignments in the last class you can work on those exercises before coming to the content for this week.
On these slides we want to make sure that students understand these points – what the crowd will want to support and the competitive advantage that this can create. These concepts are described in great detail in the videos this week and next but you could discuss any of the examples or bring in new examples to explore.
Chapter 1: Entrepreneurship
‹#›
This final project is the culmination of the course
Final Kickstarter / Indiegogo Projects
This final project is really intended to bring together all the topics that have been covered in the course…
Fundamentally the idea they come up with needs to create value (it actually needs to do this for multiple stakeholders).
They have had a chance to generate a large number of ideas that can be the source or stimulus for this final concept
They have had a chance to learn how different types of innovation can differentiate and make an idea (even one that initially seems boring) unique or different (in fact multi-bottom-line is the last mechanism they will learn about to differentiate an idea – to make an idea that is somewhat me-too into something that is really interesting)
Finally, they should understand business models since a multi-bottom-line concept requires a unique business model to make it work.
This is a good time to emphasize that MOST OF THE IDEAS THEY CAME UP WITH FOR THE FIRST PROJECT ARE NOT INNOVATIVE ENOUGH TO GET FUNDED ON KICKSTARTER. This is their chance to come up with a more innovative idea (because they have the chance to innovate in the purpose, the business model, the way impact is achieved, etc…).
Chapter 1: Entrepreneurship
‹#›
Multiple Ideas
Types of Innovation
Business Models
Multi-Bottom-Line Concept
Value Creation
What is the ‘why’?
Who does this create value for?
How does this make the world better?
Who would believe this product ‘Needs to Exist’?
What is their business model (i.e., how do they make this scalable / economically sustainable)
Not expecting you to go through all of these (preview them to see which ones you like or select others) but want to reiterate the potential to combine purpose w/ a sustainable business model and show a number of succe.
Starting a business is hard, especially when you're a student or recent graduate. This webinar will guide you through those early stages of starting a startup, getting early traction and attracting investment. In 2014 there is a huge amount of optimism for startups and technology with a greater amount of investment and support available than in recent years but this does not mean it is easy! This webinar will equip you with the knowledge, skills and network to be able to startup and seek the first investment necessary for your business.
Matthew is a co-founder, with Christian Jakenfelds and Nick Wheeler, of @StudentUpstarts. Student Upstarts invests up to £15,000 in exchange for up to 8% into student and graduate teams to start and run their own business. Matthew and Christian also co-founded @UpstartsConnect - a co-working space in Kings Cross, London, and Matthew is a co-founder of @9others - a global network solving the problems of business that keep entrepreneurs up at night - all over a good meal with 9others.
This module examines the idea development process of starting up your own business. It also explores the concept of finding the right business idea for you, the mysterious art of idea generation and idea generation techniques.
Similar to Notes: How to Get Rich - Naval Ravikant (20)
Following are the frameworks that can help you understand and discover your WHY (or purpose/ vision/ goal)
- “Memories & Themes” method
- Goal Achievement Method by Mark Forster
- Talent Stack by Scott Adams
- Ikigai & Hedgehog concept by Jim Collins
- Don’t follow passion - Cal Newport
Few other frameworks:
Naval ’s Founder-Product-Market fit
Jordan B.Peterson’s Self authoring program
Swadharma - Bhagvad Gita
Skill-based niche: Sidz, Sanjay Shenoy, Entrepreneur on Fire (EoF)
There is tremendous value in failing.
That's how you succeed.
I liked how Sandeep Kochhar, CEO of Blewminds.com is championing #failure.
Here's my #pptnotes on his #failbig #failfast post.
By: @sathyanand1985
10 ideas that changed my life - Jack ButcherSathyanand S
Illustrated at VisualizeValue, Jack Butcher shares stunning images of the 10 ideas that changed his life.
PPTNotes by @sathyanand1985
Newsletter: aurasky.substack.com
16 years did NOT teach me these 16 thingsSathyanand S
**My corporate career of 16 years did NOT teach me these 16 things** - by Sandeep Kochhar, CEO, www.BlewMinds.com
Thank you Sandeep, for sharing your wonderful insight!
Prepared by @sathyanand1985
Public vs Private Schooling: The Eternal DebateSathyanand S
Should education, particularly schooling be delivered by the government only? Or can private sector play a key role?
Inspired by the article 'Let’s Be Honest about Public Education: Busting Some Myths' By Siddesh Sarma
Prepared by: @sathyanand1985
Feminine Energy: What Productivity is Missing by Lauren Valdez (v2)Sathyanand S
PPTNotes prepared by @sathyanand1985 |
Subscribe to my newsletter: aurasky.substack.com
Lauren Valdez, co-Founder of Forte Labs and wife of Tiago Forte shares her unique perspective on balancing the masculine and feminine energies to achieve productivity.
It's Time for Solopreneurs to Shine - Mahadevan RSathyanand S
Veteran entrepreneur and Solopreneur coach Mr.Mahadevan Ramachandran explains how everyone can become an 'solopreneur' and the time couldn't be better than before.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
1. How to Get Rich (without getting
lucky) - Naval Ravikant
Summary & Infographics by
Kyle Kowalski, @Slowwco
https://www.sloww.co/how-to-get-rich-naval-
ravikant/
2. Table of Contents
1. Money & Wealth 3. Leverage
Mythbusting Traditional Work
Wealth Creation
Compound Interest
Freedom & “Retirement”
Beyond Wealth
What is Leverage?
Forms of Leverage
Scale of the Internet
Accountability
Judgment
Wisdom
Specific Knowledge
2. Entrepreneurship 4. Important Skills
Entrepreneurship in a Nutshell
Founder-Product-Market Fit
Wealth as a Byproduct
Inspiration-Sprint-Rest Cycles
5 Most Important Skills
Learn to Sell, Learn to Build
Reading
Learning
Decision Making
3. Minimum Viable Principles for Wealth
Creation
• Wealth creation is a skillset anyone can
develop
• It’s merely a question of education and desire
• It is not about…
– penny-pinching your way to basic sustenance
– keeping expenses low, and
– maybe retiring early
• It is about wealth creation
4. Who is this for?
• Anybody who wants to be entrepreneurial
• Anybody who wants to control their own life
• Anybody who wants to deterministically and
reliably improve their ability to create wealth
over time
• Anybody who is patient and is looking at the long
haul
• Applies to almost everybody who has a complete
body, sound mind, and is looking to work.
6. Mythbusting Traditional Work
• You’re not going to create wealth through ‘traditional’
work
– You’re not going to get rich renting out your time
– You can’t earn non-linearly
– Because your inputs are very closely tied to your
outputs
• Get a job, career, or profession where…
– Your inputs don’t match your outputs
– With higher the creativity component
– Use tools and leverage to disconnect inputs & outputs
7. Wealth Creation
• Wealth is businesses and assets that earn while
you sleep.
• Wealth is a very positive-sum game. Everybody
can be wealthy.
• Money is how we transfer wealth; It’s the ability
to have credits and debits of other people’s time.
• Money is not going to solve all of your problems;
but it’s going to solve all of your money problems.
• Ethical wealth creation is possible. Don’t despise
wealth
8. Compound Interest
• All the benefits in life come from compound
interests—relationships, wealth, learning,
reading, creating
• You’ll get paid on a long enough timescale
– 10 or 20 years. Sometimes five.
– Not generated in one giant payout or one big year
• So, enjoy it. Keep doing it & doing it & doing it
9. Freedom & “Retirement” (1)
You don’t have to… You can…
You don’t have to be any place you
don’t want to be
You can wake up when you want
You don’t have to do anything you
don’t want to do
You can sleep when you want
You don’t have a boss You are being your own sovereign
individual
This is the purpose of wealth!
• How to achieve this? Own equity - a piece of:
– a product, or
– a business, or
– some kind of IP
10. Freedom & “Retirement” (2)
• People who are living far below their means
enjoy a freedom that people busy upgrading
their lifestyles just can’t fathom.
• Maintain your freedom instead of upgrading
your lifestyle.
• You will have much more creative expression,
and it’s much less about money.
11. Beyond Wealth
• These cannot be bought. It must be earned. You
have to cultivate them.
• They can bring you a lot more peace and
happiness than any amount of money ever will.
3 things money cannot buy
A fit body A calm mind A house full of love
Health Mental health Close relationships
13. Entrepreneurship in a Nutshell
• Entrepreneurship is an act of:
– Creating something new from scratch
– Predicting that society will want it
– Figuring out how to scale it, and
– Get it to everybody in a profitable, self-sustaining way
Ask yourself: What am I really good at that the market values?
First variable: If you can find what
you are good at,
Second variable: If you can find what
the market values…
You’ll keep it up
You’ll develop the judgment
You’ll like to do it
Eventually people will give you the
resources
You won’t be afraid to take on
accountability
14. “Productize Yourself”
• You can get paid for just being you.
• Making money should be…
– a function of your identity, and
– what you like to do.
• If you are building and marketing something
that’s an extension of who you are, no one
can compete with you.
15. Founder-Product-Market Fit
• The combination of the three should be your
overwhelming goal ; It’s the most important
thing for any entrepreneur to find.
• If you find the fit, then you are naturally
inclined to build the right product for a
market
• It’s inevitable if you’re doing something…
– you love and
– the market wants it
16. 1. Founder (a)
• What am I obsessed with?
– Find things you’re good at, things you enjoy doing
– It’s like doing all of your hobbies for a living.
– Just keep an eye out to commercialize it.
• Where am I a natural? Is this authentic to me?
– Everyone is a natural at something. Pick things where
you are a natural. Double down on that.
– You can escape competition. Because no one can
compete with you on being you.
17. 1. Founder (b)
• Where is my unique combination/ intersection?
– There are probably multiple things you’re natural at;
you have different skillsets/ interests/ obsessions
– Take those things and combine them
– Through your sheer interest and enjoyment, end up
top 25% or top 10% or top 5%
• What feedback have I received from others?
– People (smart bosses, co-workers, investors) will
realize you are world-class in this one thing.
– They will push you towards that too
18. 2. Product (a)
• What should I create?
– Create something for yourself, because you want it
– “It feels like play to me, but it looks like work to others.”
• Ask yourself, what’s the product….
– that I’m excited to work on?
– that I know how to build it (specific knowledge)?
• Then, figure out
– Which one of those things you can provide for society that
it does not yet know how to get (but it will want)?
– How to get it to everyone?
19. 2. Product (b)
• How to decide what should I do? You should feel…
– “This is something I can be amazing at” [Be the best]
– “While still being authentic to who I am.” [Be authentic]
• How to become the best in the world at what you do?
– Keep redefining what you do until this is true.
– Your objective & skills should converge to make you #1
– Keep changing your objective until it arrives at your…
• specific knowledge,
• authentic skillsets,
• position and capabilities,
• location and interests.
20. 3. Market
• Pick an industry where you can play long-term
games with long-term people
Pick a business model where you can benefit from…
‘0’ Marginal cost Network effects Scale economies
Your product should’ve
zero/ low marginal costs
Each new user adds value
to the existing user base
Get paid at scale;
Scale with labor/ capital/
code/ media
Ex. Tech/ media products -
where creating another
copy (reproduction) is free
Always think about how
your users/ customers can
add value to each other
Figure out how to scale it
so everybody can have one
21. Wealth as a Byproduct
• Society will pay you for creating things that it
wants. At scale.
• But don’t be too goal-oriented on money.
• Then…
– you won’t pick the right thing,
– you won’t pick the thing that you love to do,
– so you won’t go deep enough into it.
22. Inspiration-Sprint-Rest Cycles (a)
Work effectively by building
a marathon of sprints
Inspiration
SprintRest
• Be impatient with actions, patient with results
• Inspiration is perishable. So when you’ve
inspiration, act on it right then and there.
23. Inspiration-Sprint-Rest Cycles (b)
• Nobody really works or can work for 80 to 120
hours a week at high output, with mental
clarity.
– Your brain breaks down.
– You won’t have good ideas.
Do not have Aim to have
A busy calendar Enough free time
A busy mind A free mind
A cluttered calendar A very clean calendar
Do coffee meetings Have (almost) no meetings
25. What is Leverage?
• We are now living in an age of nearly infinite
leverage
• To get rich, you’re going to need leverage.
Technology leverage Business leverage
Technology drives leverage 1. People
Technology helps to mass produce or
create efficiently
2. Capital
To figure out how to commercialize it,
and to make it available to everybody.
3. Products with no marginal cost of
replication (code and media)
26. Labour leverage Capital leverage Code/ Media leverage
Permission-based Permission-based Permission-less
Oldest & the worst form of
leverage
Powerful form of leverage The most interesting & the most
important leverage
It’s the people working for
you
Can be converted to labor
and other things
Products have no marginal cost
of replication
Have the minimum
amount of people working
with you
Somebody has to give you
money to invest or to turn
into a product.
You can multiply your
efforts without other humans
and without money
So that you can use the
other forms of leverage
To raise money, apply your
specific knowledge, with
accountability, & show
resulting good judgment.
If you can’t code, write books &
blogs, record videos & podcasts.
You don’t need anyone’s
permission to do them.
Forms of Leverage
27. Scale of the Internet
• Internet connects every human to each other on the planet
– You can now reach anyone and everyone
– You can find your audience
• Through the internet, just by uniquely expressing yourself , you can:
– build a business,
– create a product,
– build wealth, and
– make people happy….
• The internet enables any niche interest, as long as you’re the best
at it to scale out.
• And the great news is because every human is different, everyone is
the best at something. Being themselves.
28. Accountability
• Accountability is important because that’s how you’re going
to:
– get leverage
– get credibility
– get equity/ a piece of the business.
• Accountability is to:
– Put your skin in the game
– Put your personal reputation on the line
• If you take on accountability…
– People will line up behind you.
– Society will reward you with responsibility, equity, and leverage.
• Accountability is something you can take on
immediately. Judgment and leverage tend to come later.
29. Judgment
• In an age of infinite leverage, judgment becomes
the most important skill.
– Leverage is a force multiplier for your judgement.
– Leverage is something that society gives you after
you’ve demonstrated judgment.
• Get it faster by learning high-leverage and
foundational skills (e.g. permissionless leverage)
• Judgement requires experience
– Put yourself in positions where you can exercise
judgment
– That will come from taking on accountability.
30. Wisdom
• Wisdom is…
– knowing the long-term consequences of your
actions, and
– then making the right decision to capitalize on
that.
• Wisdom is just judgment on a personal
domain.
• The longer your time horizon, the wiser you’re
going to seem to everybody around you.
31. Specific Knowledge (a)
• Specific knowledge is knowledge that…
– you cannot be trained for,
– it cannot be outsourced or automated
– often highly technical or creative
• Specific knowledge are…
– Things you enjoy doing or are naturally inclined doing
– It will feel like play to you but will look like work to others.
• Two forms of specific knowledge:
– Timeless specific knowledge usually can’t be taught, and it
sticks with you forever.
– Timely specific knowledge comes and goes; but it tends to
have a fairly long shelf life.
32. Specific Knowledge (b)
• How to find your specific knowledge?
– pursuing your innate talents,
– your genuine curiosity, and
– your passion
• It can only be built as part of a…
– larger obsession,
– interest, and
– time spent in that domain
• It can be found by observation…
– Look back on your own life and
– See what you’re actually good at.
34. 5 Most Important Skills
1. Reading
2. Writing
3. Arithmetic
4. Persuasion (which is talking)
5. Computer Programming (an applied form of
arithmetic that just gets you so much
leverage for free in any domain that you
operate in)
35. Learn to Sell, Learn to Build
• If you can do both….
– You will be unstoppable.
– It is the ultimate.
– That’s when you get true superpowers.
– That’s when you get people who can create entire
industries.
36. Reading
• Learn to educate yourself by reading
• Read what you love until you love to read.
• The internet has put world’s knowledge at
your fingertips
• The means of education/ learning are
abundant. It’s the desire to learn that’s scarce.
• Cultivate the desire to learn.
37. Learning
• How to learn faster?
– It’s no. of iterations that drives the learning curve. So,
• Have more iterations
• Take the more shots
– It’s not just about the hours put in
• Study microeconomics, game theory, psychology,
persuasion, ethics, mathematics, and computers
Understand
Logic &
Mathematics
Understand
Scientific
method
Separate false
from truth (in
any field)
Focus on the Foundations:
38. Decision Making
• Reject most advice. But….
– listen to enough of it,
– read enough of it,
– to know what to reject and what to accept.
• The best founders I know read and listen to
everyone. But then they ignore everyone and
make up their own mind.
• Have your own point of view.
39. Further Reading
• Naval’s original tweetstorm:
https://twitter.com/naval/status/1002103360646823936
• Podcast - Every episode: https://www.youtube.com/watch?v=1-TZqOsVCNM
• Podcast transcript: https://nav.al/rich
• Summary by Sloww’s article: https://www.sloww.co/how-to-get-rich-naval-
ravikant/
• Whimsical’s mindmap: https://whimsical.com/BGVa2B1emjcVfkpHRpDNgB
• Summary by Consultant's Mind:
https://www.consultantsmind.com/2019/06/27/naval-ravikant/
• Summary by Broc Pacholik: https://brocpacholik.com/naval-ravikant-how-to-get-
rich-summary/
• A PDF Summary: https://cdn.shopify.com/s/files/1/1186/0402/files/HOW-TO-GET-
RICH.pdf
• WP-ERP Summary: https://wperp.com/32125/get-rich-without-being-lucky/
• Naval on Joe Rogan Podcast - Naval Ravikant's Principles of Wealth Creation:
https://www.youtube.com/watch?v=5oNcoj4G0xc
40. Brought to you by
Sathyanand.S
Twitter: @sathyanand1985
Newsletter: aurasky.substack.com