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Your Narcissistic CEO Is Surrounded By More Narcissists
- Dealing with a narcissistic CEO or senior leader can present unique challenges in the workplace. Research reveals that narcissistic leaders often surround themselves with like-minded individuals, potentially creating a volatile environment.
- Understanding the traits of narcissism and its implications is crucial for employees. Strategies such as maintaining professionalism, navigating office politics, and building alliances with key influencers can help mitigate the impact of narcissistic leadership.
- While challenging, developing skills to manage interactions with narcissistic leaders is essential for career success and organizational stability.
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Money coach who makes Rs 19 lakh a month shares the 'no. 1 tip for starting a side hustle'
- Bernadette Joy, earning about Rs 2.3 crore yearly, advises aspiring side hustlers to monetize their natural talents.
- Her coaching business, Crush Your Money Goals, stemmed from a podcast about her debt journey. Working 20 hours weekly, she earns from coaching, freelancing, and speaking gigs. Her philosophy mirrors Mark Cuban's: focus on what you naturally excel at.
- After closing her successful bridesmaid dress rental business due to its draining nature, she discovered her passion for money coaching at a finance conference.
- Joy's lesson: prioritize monetizing innate strengths over arbitrary ventures. Her story exemplifies the power of aligning passion with profession.
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‘Your personality will get you 10 times richer than your intelligence,’ says self-made millionaire who retired at 35
- Steve Adcock, a self-made millionaire who retired at 35, highlights the importance of personality over intelligence for financial success.
- While technical skills are essential, Adcock emphasizes that emotional intelligence (EQ) often leads to promotions and raises. Vicki Salemi, a career expert, suggests demonstrating leadership qualities, seeking feedback, and learning from mentors to develop soft skills crucial for advancement.
- By acting the part, gaining support, and finding mentors, individuals can enhance their EQ and unlock greater career opportunities. In today's competitive job market, investing in EQ can be the key to both professional growth and financial prosperity.
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Mamaearth's Ghazal Alagh doesn't use her phone on Sunday for 5 hours; here's why
- Mamaearth's CEO Ghazal Alagh practices "no digital distraction" by abstaining from phone use for five hours every Sunday.
- This practice fosters "simple living," emphasizing quality family time, outdoor activities, and personal reflection. Alagh believes disconnecting from technology cultivates joy and genuine connection, contrasting with society's obsession with screens.
- Her approach has garnered praise online, with users advocating for similar habits to reclaim precious moments and prioritize relationships. Alagh's commitment to unplugging resonates, highlighting the importance of finding balance in a digitally saturated world.
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The “7-38-55” rule is the secret to nailing your next job interview
- The 7-38-55 rule, based on Dr. Albert Merhabian's research, highlights that only 7% of communication is verbal, while 38% is conveyed through tone of voice, and 55% through body language.
- While verbal communication remains crucial, non-verbal cues significantly impact interview success. In virtual interviews, maintaining eye contact with the camera, adopting a confident posture, and embracing pauses effectively convey enthusiasm and competence.
- Minimizing filler words and eliminating distractions further enhance communication. Remembering this rule ensures candidates effectively showcase their interest and experience beyond mere words, increasing their chances of interview success.
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Over 4 Out Of 5 People Say Their Stress Primarily Comes From Work
- Workforce stress is at an all-time high, with 86% experiencing it, predominantly from work. This stress not only affects individuals but also costs the global economy trillions due to lost productivity.
- Employers must prioritize well-being, understanding it's not just an option but foundational. Investing in mental health resources can yield significant returns, reducing healthcare spending by 15% and decreasing stress by 32% with meditation apps.
- However, it's not just about programs—it's about cultural change, starting from the top. Leaders must set the tone and prioritize mental health to ensure employees thrive, benefiting both individuals and businesses alike.
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55: Mike Weir - Churn & Sales compensation to fight churn
- At G2, they used a churn model with 14 highly correlated variables to identify at-risk customers and prioritize actions for the customer success team.
- Compensation plans should reward behaviors that correlate to long-term revenue, even if they don't directly generate revenue.
- Product teams play a vital role in supporting sales efforts and providing valuable data.
- Founders should stay involved in sales for as long as possible to refine their understanding of the market and product-market fit.
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The Growth Catalyst
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Mastering the Product Interviews - Solving Market Sizing Questions
- The article discusses market sizing for incumbent and innovation products, which are both tricky and essential for PMs. The framework for market sizing is similar for both, and includes clarification of the product, identification of the end-user, defining geography and timeframe, identifying channels (where applicable), and picking an estimation approach. The article also provides guidelines for estimation interviews and recommendations for practicing estimation. Finally, the article warns that most estimation examples found on the internet are not realistic, and that caution should be taken when interpreting one's own performance.
- Market sizing problems are two-pronged: established products and innovation products. Mastering market sizing is a critical PM skill to have, even though predicting the future is hard to do.
- The steps to market sizing, regardless of the nature of the product, are: clarifying the product, identifying end-users, defining geography and timeframe, identifying channels (where applicable), picking an estimation approach, drawing an issue tree and performing calculations, and performing a sanity check.
- Estimates are prone to bias, and one should have more realistic expectations about one's performance, especially given that most internet estimation examples are not realistic.
- Market sizing is harder for innovative products, but both types are doable with practice and following a structured approach. Good estimation can be the difference between a successful and failed product and also help PMs spot opportunities.
- There are general guidelines for estimation interviews: think aloud, pivot if necessary, use easy numbers, and remember broad numbers for key geographies such as India and the US.
- The article recommends starting practice with solving problems by oneself before interviewing with peers, experts, and participating in real-life interviews.
- The article also mentions a recommended book, Case in Point, but warns about the selection bias of most estimation examples found on the internet.
- The final example illustrates how to calculate market size for a Teleportation Device in the US market using the framework of market sizing and the steps above. One should keep general assumptions about a high income per capita in mind when estimating for the US market.
- The article concludes by stressing the importance of mastering market sizing, as it is an essential skill for PMs and helps spot opportunities.
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Leah’s ProducTea
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7 fails of roadmap-making
- Roadmaps often feel like a necessary evil. They’re an essential bridge between the overarching company strategy and the practical realities of your quarterly OKRs.
- Here are the seven major issues I see teams making when it comes to roadmaps:
- 1. Too Much Detail on Effort Estimations
- 2. Too Much Focus on Today
- 3. Too Much Focus on the Competition
- 4. Too Much Focus on Outputs
- 5. Too public
- 6. Not Actionable Enough
- 7. Not Properly Communicated
- The process of creating roadmaps is often more valuable than the end result since gathering the relevant stakeholders helps to reveal misalignment and sync everyone up.
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Looking for a job after a sudden layoff? Here are 5 tips on how to land your next role
- Invest in Community: Strengthen connections with former colleagues and seek referrals. Attend industry events for networking opportunities.
- Level Up Online Presence: Enhance your resume and profiles, emphasizing skills. Share professional content to expand your network.
- Prepare for the 'Tell me about yourself' Question: Craft a compelling response highlighting experience and suitability for the role.
- Own Your Career Gap: Be transparent about any career breaks resulting from layoffs, emphasizing self-improvement during downtime.
- Maintain Professionalism: Avoid negativity about previous employers. Highlight resilience and adaptability positively.
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'1 in 4 weddings globally are in India': Nikhil Kamath says 'traditionally uncool industries' are where opportunities hide
- Zerodha co-founder Nikhil Kamath highlights the significant opportunities within India's wedding industry, emphasizing the potential in "traditionally uncool industries."
- With one in four global weddings occurring in India and a wedding business of Rs 4.25 lakh crore in 2023, the sector is thriving. Despite environmental concerns and extravagant spending, the industry's growth prospects remain robust.
- Kamath's insights shed light on the massive market potential, with the Indian wedding industry poised to become the largest globally. This underscores the need for innovative solutions within this lucrative yet often overlooked sector.
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Stanford professor's advice for introverts at workplace
- In navigating the workplace as an introvert, Stanford University lecturer Matt Abrahams emphasizes a strategic approach to communication to gain influence.
- Abrahams underscores the importance of understanding and engaging one's audience, whether it's bosses, colleagues, or clients. By focusing on the three "R"s—reconnaissance, reflection, and research—introverts can tailor their communication effectively.
- This involves observing colleagues, mirroring their communication styles, using inclusive language, and reflecting on interactions. Through these deliberate efforts, introverts can enhance their influence in the workplace without compromising their innate tendencies.
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Jeff Bezos uses 'mind wandering' to boost his productivity; here's what it is
- Jeff Bezos, the visionary mind behind Amazon and Blue Origin, champions a unique approach to productivity that defies conventional wisdom.
- Embracing what he terms "mind wandering," Bezos eschews rigid schedules and time blocking in favor of allowing space for creativity and exploration. In his own words, he advocates for "messy meetings," where ideas are freely exchanged and challenged.
- Studies affirm that such divergent thinking not only enhances productivity but also fosters creativity and happiness. Bezos' method involves subjecting his ideas to rigorous scrutiny before engaging in collaborative brainstorming sessions, resulting in innovation that is both enjoyable and fruitful.
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Lenny's Newsletter
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How to build deeper, more robust relationships | Carole Robin (Stanford GSB professor, “Touchy Feely”)
- Carole Robin spent over 20 years teaching the Stanford Graduate School of Business course Interpersonal Dynamics, commonly known as 'Touchy Feely'. She founded a nonprofit called Leaders in Tech, which helps Silicon Valley executives build leadership and interpersonal skills.
- Building robust relationships brings benefits in both personal and professional life. To deepen connections, embrace the 15% rule, address minor irritations early, practice vulnerability, and use the 'three realities' framework.
- When giving feedback, remember the three realities: motives and intent, what is said and done, and the impact on the recipient. Practice genuine inquiry without judgment and avoid using phrases that lead to statements rather than emotional expressions.
- Failure should be seen as Another F*cking Opportunity for Growth (AFOG), and investing energy into unpacking lessons can lead to recovery and growth.
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How to Get a Meeting With the UAE's $1.5 Trillion Man
- Abu Dhabi's Sheikh Tahnoon bin Zayed Al Nahyan, overseeing $1.5 trillion, is a coveted figure for global financiers. Gaining access requires strategic networking.
- Al Maryah Island serves as a gateway, hosting financial institutions and chairing companies linked to the sheikh. Trusted gatekeepers facilitate introductions to potential investors. Relationships built over years, like Zell's with the Al Nahyan family, exemplify the importance of connections.
- Key figures such as Hariri and Murray act as intermediaries, vetting potential partners. Abu Dhabi's vision extends beyond finance, encompassing technology and geopolitics. Informal encounters, like cycling or jujitsu sessions, foster trust and genuine connections, integral to securing opportunities.
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