Friday, January 16, 2015

How do I create a successful personal growth strategy?

Most really smart people right out of college grow only 10%/year.  That is WAY TOO SLOW for a 22-year-old.  If you are old like me (and presumably have a have base), 10%/year is great but at 22 one should be growing at at least 25%/year.

Most people grow way too slowly because their rate of failure is too low.

If you were trying to improve your tennis game, you should not be playing against my 13-month-old son.  You are going to cream him every time.  And while that might make you feel good temporarily, it will not improve your game.  

You grow the most when you have a 33-66% chance of failure.  To improve, you want to be in a position where success is not guaranteed. When success is difficult to attain, people push themselves much harder.   If you are playing chess, you’ll learn the most playing people within 100 points of your score (in the chess Elo ranking, a 100 point difference means a 2-to-1 advantage).  

For your job, you should find an organization that will give you projects where there is a high chance of failure.

From the perspective of a CEO, what are the most underrated skills most employees lack?

From a start-up CEO perspective, the #1 skill you should develop isownership.

But up until you have 500 employees or so, the CEO is looking for owners.  People that don't just play a role, but truly own something, that make 100% sure it comes in ahead of time and ahead of expectations -- with as little drama as possible.

This isn't the same as "taking the initiative", it's a superset of that.  It's delivering.  And it's very, very easy to do in a start-up actually.  Vs. almost impossible in a BigCo.  Just overdeliver on everything you're given to do.  See where others are falling behind, and help them.  Folks around you will naturally gravitate toward that.  You'll become a natural leader, over time.

That is the greatest gift to a start-up CEO any employee, at any level, can provide.

And one way or another, over time, your career will skyrocket.

Android (OS): How do I make passive income with Android apps?

Ankit Srivastava

Here is how I did it.

I made an app. I had a few goals, one of which was to make it one of the best apps. It was my first app. Now, there were a few things I realized. I didn't have money to advertise. So, I couldn't decide what to create? So, I decided to create something that everyone, literally everyone will download if they find it good.

There were thousands of similar apps already available, so what could I offer extra or different? The UI (looks)! So, here is the thing. I realized, I had to make something which everyone would use and that it had to look good. Then I decided that it will be a Music Player that I'll create. To make things easy, it decided had to be free. I am not a good seller and it doesn't hurt anyone's pocket to try a free app. But then how would I've earned if I distributed the app for free? Well, via ads.

There is an advantage of ads as well. As the user base increases, with each month passing, the income increases as well. If your app is good, users will use it for a long time and each and every month your income will increase. I learned to make android apps in 7 months. I also did freelancing side by side to earn some cash for videos, some screenshots, websites, etc.

Then, I finally launched my app, spammed the shit out of internet, while I slept only for 4 hrs, the rest of the time I used to go spam the world wide web! SPAM SPAM SPAM!!! I did it 20 hours a day for 20 days. I slept only when my eyes were too heavy and they couldn't stay open anymore. Then after that I did nothing.

My app gained momentum and now has 320,000 downloads within 6 months of its launch, getting 6500+ downloads these days.

And these have been my earnings:
1st month: 100$
2nd month: 200$
3rd month: 420$
4th month: 670$
5th month: 1400$
This month (December): 2200$

The app has started generating 100$ a day for me, so, I am expecting 3400$, the next month. (These earnings are not cumulative).

The key factors: presentation, video, screenshots, website; all look good.
And app? I rate it among the prettiest of all the music apps.

I expect that the app will be earning me around $5K - $10K  per month after 6-8 months.

Now, let me tell you something to inspire you:
If you go to the android store and search for a "Music Player", my app ranks above Google's own music player. And I achieved it all within 6 months. :)

Thursday, December 11, 2014

Love Yourself

Step 1

Identify & acknowledge your strengths and use them to your advantage.

Why?

There are many people out there who focus on identifying their weaknesses and then try to fix them or improve them. They then forget about all the strengths that already exist in them. 

How?

Think about your achievements and what strengths you used to get there.

Think about the things that come naturally to you.

Step 2

Remind yourself that you are more than your weight.

Why?

Remind yourself that your loved ones love you for more than your weight. find a way to be happy and love yourself, right now, at any weight. enjoy the journey rather than postponing happiness until you have reached your goal. 

Step 3

Remember that there is no failure, only feedback.

It's important to remember this because if you viewed something that didn't go according to your plans as failure then you are more likely to lose confidence and have your self-esteem take a hit which may then influence you to give up before you achieve your goal. Failure stops us in our tracks whereas considering the outcome as feedback, and an experience to learn from, empowers us to correct the behaviour and continue striving to achieve the goal. Feedback helps us to stay on track and helps us to overcome any barriers. Feedback also helps us to measure how far we have come and how far we have to go.

If we constantly remind ourselves that there is no failure only feedback, then one day we will just stop 'failing'. Imagine what you could do if you knew you couldn't fail??

If you knew you couldn't fail, then you would no doubt have more confidence and motivation to start taking action toward your goal. Many people procrastinate, or give up on their goals for fear of failing. A mindset switch would help these people to explore, grow and take action, and eventually achieve their goal.

What is this phrase?

'There is no failure, only feedback' is a presupposition from NLP which stands for Neuro-Linguistic Programming. Presuppositions are beliefs underlying a system and aren't necessarily true, but if people act 'as if' they are true, they can produce good results.

How?

When you realise you didn't get the outcome you had planned for, be aware of your self-talk. Are you giving yourself unresourceful labels such as 'failure'? If you are, consciously make an effort to give yourself new labels.

Ask yourself good quality questions such as 'How can I learn from this?', 'How can I do it differently next time?', 'What do I need to do more of and what do I need to do less of?', 'Who do I need to be to get a different outcome next time?', 'What resources do I need to access to make it happen next time?'.

Step 4

Take responsibility for your self-esteem and confidence

Why?

It's important to take responsibility for your self-esteem and confidence because no one else will. You can choose to continue having a low self-esteem and a lack of confidence for as long as you like. It's not until you choose to take charge of this that you will see results in your life. There may be some people who had the luxury of having supportive parents, friends, teachers and siblings who all encouraged them and instilled positive, empowering beliefs. However, a large majority of individuals had people of influence in their lives who intentionally or not, instilled limiting beliefs that wore downtheirr confidence. This is all in the past. We don't benefit at all from blaming others for the health of our self-esteem. If we do continue to blame others, then we are making ourselves the victim which is a very disempowering and hopeless role to play. It's time to take responsibility for creating a healthy self-esteem and increasing our confidence from our own influence.

If we don't take responsibility for our own self-esteem then we will constantly be struggling with our goals and will never realise our full potential.

Ask yourself, "What will my life be like if I continue to view myself as I have done until now? What will my life be like if I continue holding onto my limiting beliefs and the disempowering labels that others or I have given me?"

What do I mean by taking responsibility for your self-esteem and confidence?

Believing in yourself is a choice. It is an attitude you develop over time. Although it helps if you had positive and supportive parents, the fact is that most of us had run-of-the-mill parents who inadvertently passed on to us the same limiting beliefs and negative conditioning they grew up with.

How?

  • Just as it's suggested in step 2 – listen to your inner dialogue, your mini-me and record the things you tell yourself that don't do you any good. Keep a notebook of what you are saying to yourself. You may need to write down phrases such as, 'I'm not good at anything', 'I can never follow through with anything', 'I couldn't do that', 'It's always my fault', 'He won't like me'.
  • Once they are down on paper, consider where they have come from and when you first decided to believe them. What have you been gaining from holding onto these beliefs? Think back to when you were young and remember it was someone else who said those things to you. It is unlikely that you came up with these beliefs all on your own when you were so young. Back then you were a sponge, just taking in everthing that everyone said about you and what you were capable of. Unlike now, you didn't have the ability to create your beliefs about what you could and couldn't do.
  • Once you have written some of the phrases that destroy your self-esteem, rewrite them and take on an alternate belief. 'There are plenty of things that I'm great at'. 'The past doesn't equal the future, so I will make sure that I follow through on the next thing I set my mind to,''I can do that if I dedicate myself to it'.

Step 5

Learn to accept and enjoy compliments

Why?

In this course, you will learn about the concept of 'what you focus on is what you get'. For example, if you focus on looking like an idiot in front of someone, then you will then start behaving like an idiot (even if you don't want to) and you will get what you focussed on. It is the same for this step. People who have a low self-esteem seek out evidence that supports their belief that they are not worth much and anything else that opposes this view is either ignored or not even seen. When a person with low self-esteem is given a compliment, this goes against their current disempowering belief system so they do not accept it, don't believe it or just ignore it. So one way to start taking responsibility for increasing your self-esteem is to learn to accept and even enjoy compliments. I know that may seem difficult to even comprehend, that you could enjoy a compliment, but it is possible. The more you can accept and enjoy a compliment, the more you are focussing on the positive aspects rather than the negative. This doesn't mean that you will be cocky or arrogant if you accept a compliment. It may feel a little unusual at first, but it is really important if you want to start to improve your self-esteem.

How?

So how on earth do you accept a compliment? To start with, just say 'thank you'. Instead of trying to argue with the person who gave you the compliment, smile and say 'thank you'. You may be used to saying things like 'this old thing?!' 'I bought this on sale and I'm not really sure if it looks ok'. 'You are just saying that to be nice'. So I repeat, just smile and politely say 'thank you'. You don't even need to feel as though you have to respond with a compliment back to the person. You can do that another time. Just accept your compliment and move on.

Once you have accepted it, think about that compliment and enjoy it. Think about what you have done to deserve that compliment. Acknowledge yourself. Think about what steps you took to get what the compliment was about. For example, if someone at work compliments you on a job well done, go through the steps you took to finish that job. If someone says you look great, think about the exercise you did to get that toned body or the effort you put into grooming yourself. Maybe it didn't take any effort at all, it's just a part of you naturally, so be grateful and appreciate what you have naturally.

Step 6

Make self-care a priority

Why?

When we make self-care a priority, it is a reminder to ourselves that we deserve and need to take care of ourselves and not just everyone around us. One of my favourite ways of explaining this is the airplane crash scenario. When a plane is about to crash, the adult needs to put the oxygen masks over their face first, before they can put it on their children. The adult can't look after the children if they aren't safe and well first. It is the same concept in everyday life. What good are we to others, if we are not fit, healthy and looked after first? When you make self-care a priority, gradually you will expect to be treated well and with respect which will in-turn improve your self-esteem. One way to improve your self-care is to make sure that you get enough sleep. Dr Amen states in his book 'Change your brain, change your body' that not only is sleep important for your general self-care but it can also affect your weight. If you get less than six hours of sleep a night your brain function lowers and causes your brain to release hormones that increase your appetite and cravings for high-sugar snacks. On top of this, the lack of sleep prematurely ages your skin! So I think that's probably enough motivation to make sure you get enough sleep.

What do I mean by self-care?

Self-care can be described in many different ways. It could mean eating nutritious food and getting enough exercise. It could mean taking time for yourself to be with your thoughts. It could mean[not sure what is happening here but it wouldn't let me bring the lines up???]setting aside time to for yourself to watch your favourite TV show. Maybe it's getting a massage to feel totally relaxed. Perhaps it's getting up early to meditate and clear your mind. There are so many ways to 'care' for yourself and you need to figure out what your body and mind needs.

How?

  • When you are planning your day or week, actually schedule in your self-care activity/ies. When it comes time for that activity, make sure you stick to the plan and do not prioritise other activities instead.
  • Try a self-care activity that you have previously felt guilty doing, such as getting a massage or a facial. When you go, remind yourself that you deserve it and allow yourself to enjoy it.
  • Make sure you are spending some time developing yourself and not just the people around you. Is there a course you want to do or a class you want to take?
  • If you have a busy schedule that is filled with looking after others, get the people around you to take over some of the chores so that you can attend to your self-care. I don't mean to forget about your loved ones and your responsibilities, just re-organise how things get done so that you make it clear to people around you that you are valuable and deserve to look after yourself just as much as they deserve being looked after. It may take them a bit of getting used to, but when you start to treat yourself with care and respect, others will follow.

Step 7

Treat yourself with the same amount of love and respect as you do your closest friends and family.

Why?

If we treated our friends and family the way we treat ourselves, we wouldn't have many friends and family left! Would you say the things that you say to yourself to your loved ones? I doubt it. Would you tell them that 'they couldn't do it' or 'they look fat in that top'? Would you tell them that they are failures and they shouldn't even try? Would you prevent them from taking care of themselves or stop them from taking time out when they were stressed? Again, I doubt it! So, if we started to treat ourselves the way that we treat our loved ones, then our self-esteem would sky-rocket!

How?

The way we do this is to be more aware of what we are telling ourselves and what we allow ourselves to do. If you hear yourself dish out negative self-talk, ask yourself if you would say that to your loved ones? If not, think of what you would say and repeat that to yourself.

If you find yourself not prioritising your self-care, think of what it would do if you consciously stopped your loved ones from taking care of themselves.

Tuesday, November 18, 2014

What are small changes you've made resulting in a big difference in your life?


1. Switch off the TV. When my wife and I did this, we ended up talking a lot more, reading books, and noticing little things in social circles that escaped others.

2. Attempt to read one book a week. This has had an immense impact on the "resting" of my brain and I have learnt so much.

3. Walk every day. Even if it's a short distance. Make sure it's outside.

4. Listen. When someone is speaking, don't interrupt. People most often say what they actually want to say at the end of their discourse. Interrupting them will prevent you from getting the crux of their argument.

5. Cancel your Facebook account. Facebook used to diminish my ability to have real relationships with people. Since I've quit, I get a lot more stimulation by being on mind-stimulating forums such as this one. I also crave real social interaction and working on real relationships. It's also shown me who my real friends are. 

6. Study. Whenever I find myself in a rut, I study something that I think I'll enjoy. Since I did this, my annual salary has increased by a very large percentages each year because I become more indispensable to my clients and employers.

7. Learn to say sorry. Saying sorry or admitting that someone else is right will immediately disarm him or her if they attack you. Another way to put this one is: Be humble

8. Don't chase after money. Oh boy, this one has made a huge difference in my life. Seeing money as a means rather than an end has given me a lot of financial freedom.

9. Give. Giving at least 5% of my salary to those less fortunate than me seems to always come back in waves of prosperity.

10. Never say no to lending money. If someone asks me to borrow money, I almost always say yes (if I have it). If they don't pay me back, I don't remind them. It feels great! Not sure why :)

11. See the good in people. This is a recent one. Instead of finding people's faults, rather find their strong points. Then, be diligent in seeking out your own faults and strive to be better.

12. Don't worry about what others think of you. This is a hard one for me. I am driven by how others perceive me, so I make a point of escaping my comfort zone and putting myself in uncomfortable positions. It has really freed me up from trying to be what others want.

That's all I can think of for now :)

Wednesday, November 12, 2014

2 Million Dollar cheque - How to Manifest Large Sums of Money


Million dollar check.
First, something that, as far as I know, I've never shared publicly: In 2006, right after watching "The Secret" on my computer, I wrote a check to myself for $1,000,000 and posted it on my bathroom mirror. Every time I brushed my teeth or my hair, I'd stand there and look at that check, and pretty much every day I'd visualize how I'd feel when I sold my business for $1 million. It got to the point where I knew it was going to happen–it was just a matter of when.

It didn't take long: In 2007, I boldly told Bruce, who would soon buy my company, over lunch that I "wouldn't accept a penny less than $1.1 million" to sell my company. Why $1.1 million? Well, my company had some debt, and I owned 91.5% of it, with the rest of it owned by two loyal employees.

We signed the papers on September 7, 2007, and I remember clearly the euphoric feeling I felt upon receiving Bruce's first check for $100,000. He said, "How does it feel?" and I didn't even know what to think. 6 years of work, and it had all culminated in this one moment! Every emotion I could possibly have ran through my head. It was sheer adrenaline.

Anyway, after adding up all my monthly expenses and multiplying them out, plus adding in things like first class plane tickets, $40,000 per month was the number I wanted to aim for. So I set the intention.

I kept coming back to it every day. And, in a new twist for me, I didn't try to figure out how I was going to make it. I simply decided to let inspiration strike.

Here's How You Can Manifest Money

So, how did I get from meditating on $40,000/month of income to doing it? Here's what I've done so far, and how you can do the same thing:

Step 1: State your goal as if it has already been achieved. I started out by saying "I am making $40,000 per month." Then I listened to how that felt in my body.

Step 2: Acknowledge, then question, the resistance. At first, I felt a whole lot of resistance. So I asked each part of me that was resisting why it was resisting.

I got back a whole lot of answers! One concern was that I would work too hard and be exhausted. I replied to this concern with, "First, now that I am gluten free, I am not as tired as I used to be. Secondly, I only want to do work that energizes me. I am not interested in money-making ideas that exhaust me."

Then I asked that piece of resistance if that resolved its issue. If it did, I didn't feel it any more. (This is hard to explain in words–try it for yourself and see!) If it didn't, I went back to asking it why it was resisting.

Step 3: Do this consistently. I did this night after night, sometimes spending 20 minutes or more in a question-answer state with my body. After several nights, I no longer felt resistance. I continued every day, sometimes more than once a day, to state "I am making $40,000 per month." It got to the point where I was really excited to state this!

Step 4: Start making your external reality match your ideal reality. Then repeat all the steps.Once I conquered my internal resistance, I focused on my external world. I asked myself what my ideal reality was when making $40,000 per month. Then, based on that, I started making changes in my reality. My ideal reality included owning a house, so we went and looked at houses. Then I learned that I needed W-2 income to buy a house, so I set up my corporations to do payroll and pay me via W-2 instead of dividends.

I decided I'd be cleaner when I was making that much money, so I started filing papers and getting rid of Stuff. I purged my closet, getting rid of over 2/3 of my clothes. I shredded document after document, scanning the ones I needed a record of into my computer. I donated an entire carload of items to Goodwill. I posted old items I was no longer using on eBay. I donated over 30 books and my entire DVD collection save just three DVDs. I even got rid of Stuff that hurt a little bit, like my Kindle, because I felt inspired to live more simply and purge the house of unnecessary items.

All of this was based in large part at looking at my reality through the lens of someone who is making $40,000 per month. Would I need to hang on to old items, or could I simply buy new ones? I decided it had to be the latter, and acted accordingly.

Slowly, I was pulling my old reality into sync with my new one. And–I wasn't spending major money to do it. In fact, interestingly, I was making money doing it, by donating so much old stuff and selling items.


The real question is: What do you want? Most people fail because they don't make their intentions clear. Whether it's money, health, or relationships, anything you can intend can be yours. The challenge then is following through with where your intuition leads you.

It can be pretty scary to go where your intuition says you need to go. You may have to quit your job, move to a new city (or even country!), or break up with a loved one to get what you want. But follow through, and know that even in the darkest moments you are not alone, and you too can manifest just about anything you can dream of.

Recommended Reading:

Top 20 VC Bloogs

Read the full list of all 73 VC blogs on Cheng's blog. 

  1. Paul Graham (@paulg), YCombinator, Essays (97,227)
  2. Fred Wilson (@fredwilson), Union Square Ventures, A VC (81,483)
  3. Mark Suster (@msuster), GRP Partners, Both Sides of the Table (53,655)
  4. Brad Feld (@bradfeld), Foundry Group, Feld Thoughts (38,821)
  5. Chris Dixon (@cdixon), Founder Collective, cdixon.org (20,988)
  6. Charlie O'Donnell (@ceonyc), First Round Capital, This is Going to be Big (13,970)
  7. Larry Cheng (@larryvc), Volition Capital, Thinking About Thinking (13,215)
  8. Dave McClure (@davemcclure), Founders Fund, Master of 500 Hats (11,127)
  9. Ben Horowitz (@bhorowitz), Andreesen Horowitz, Ben's Blog (10,686)
  10. Jeremy Liew (@jeremysliew), Lightspeed Ventures Partners, LSVP (9,344)
  11. Bijan Sabet (@bijan), Spark Capital, Bijan Sabet (8,256)
  12. Ryan Spoon (@ryanspoon), Polaris Venture Partners, ryanspoon.com (7,828)
  13. Albert Wenger (@albertwenger), Union Square Ventures, Continuations (7,469)
  14. Roger Ehrenberg (@infoarbitrage), IA Ventures, Information Arbitrage (7,182)
  15. Rob Go (@robgo), NextView Ventures, robgo.org (6,934)
  16. Josh Kopelman (@joshk), First Round Capital, Redeye VC (6,778)
  17. David Cowan (@davidcowan), Bessemer Venture Partners, Who Has Time For This? (5,993)
  18. Mendelson/Feld (@foundrygroup), Foundry Group, Ask The VC (5,963)
  19. Bill Gurley (@bgurley), Benchmark Capital, Above The Crowd (5,428)
  20. Jeff Bussgang (@bussgang), Flybridge Capital Partners, Seeing Both Sides (5,223)