Privacy is not a crime *??***

#FreeDurov

How 24/7 Hustle Got Me to Where I Am

⚡️ This is going to be a pretty candid post, and I hope my story motivates you to take action, even when you're feeling lazy or scared.

I wasn't born with a silver spoon in my mouth. I grew up in a very modest household, raised by just my mom. My grandparents passed away early.

? We lived in a private sector on the outskirts of Mariupol. When I moved to the capital, I didn’t even have enough money to rent an apartment because I had to pay a deposit for the first and last month, plus a realtor's fee.

So, I rented the cheapest rooms in small hotels, around 20 square meters. I stayed there for about a month and then moved to another hotel just for a change.

What was I doing back then? I was working non-stop. I’d wake up, work, order food delivery, keep working, and repeat.

How to Make Business Decisions

Some people try to be as "friendly" as possible and consult everyone around them—friends, family, and others who might have no connection to your business.

❌ This is fundamentally wrong. You need to separate work from personal life. Have a small circle of people with whom you make important decisions.

? The fewer people involved, the faster and simpler the decision-making process will be. It's crucial that your professional perspectives aren't too different.

There can be arguments, disagreements, and even emotions sometimes—that's normal, it's just part of the job.

But don’t involve outsiders in your business affairs, it’ll only lead to confusion.

Venture Funds and Their Features

? Now, let's dive into the most powerful type of investors: venture funds. These are institutional investors specializing in financing startups.

Venture funds have a team of analysts, lawyers, and consultants who conduct thorough analyses of potential investments, assess risks, and forecast returns. Based on this, they make decisions on venture investments.

? It’s important to note that venture funds play a crucial role in fostering innovation and economic development. They provide startups with access to capital that might be unavailable from other sources.

Overall, venture funds are a vital link in the innovation ecosystem. They offer financing, expertise, and support to startups.

The investment checks range from $1 million to $10 million, so you can definitely grow your project with their backing.

What is a Business Angel Syndicate

⚡ A business angel syndicate is a group of investors who pool their resources and expertise to jointly fund startups. They work together to increase opportunities and reduce risks.

The advantage of a syndicate is that each investor contributes according to their capacity.

This approach lowers the financial burden on each business angel and distributes the risks among the participants.

? Overall, a business angel syndicate offers the same benefits as a single business angel, but with amplified power.

They can become valuable partners who help turn your entrepreneurial dream into reality. If a syndicate takes an interest in you, consider it your lucky ticket.

How to Effectively Increase LTV

? Here are a few simple ways to boost your LTV:

Improve the quality of your product or service to satisfy customers and encourage repeat purchases.

Develop a loyalty program and bonus systems that reward customers for their frequent purchases.

Invest in market research and segmentation to more effectively identify your target audience and attract high LTV potential customers.

⚡ Remember, LTV is not a static metric. It can change based on various factors such as shifting customer preferences or competitive landscape.

Regularly monitoring LTV and taking timely actions are crucial tasks for a successful business.

Significant events of the week

Mon, June 10
17:00 Labor Market Trends Index

Tue, June 11
14:00 OPEC monthly report
19:00 Short-term forecast of the situation in energy markets from EIA

Wed, June 12
11:00 IEA monthly report
⭐ 15:30 Core consumer price index (CPI) *⭐️ *15:30 Consumer Price Index (CPI)
18:00 Expected consumer inflation
19:00 WASDE report
21:00 Report on the execution of the US federal budget
⚡ 21:00 Fed interest rate decision ⚡ 21:30 FOMC press conference

Thu, June 13
15:30 Producer Price Index (PPI) excluding food/energy/transport
15:30 Total number of persons receiving unemployment benefits
⭐ 15:30 Core Producer Price Index (PPI)
15:30 Number of initial applications for unemployment benefits
⭐ 15:30 Producer Price Index (PPI)
19:00 Speech by Treasury Secretary J. Yellen
23:30 Fed's Balance Sheet

Fri, 14 June
15:30 Export price index
15:30 Import price index
⭐ 18:00 Fed Monetary Policy Report
02:00 Speech by Fed Governor Cook

New week, new opportunities. Full throttle *?*

Should You Listen to Advice from Former Businessmen?

⚡️ It's crucial to consider the value of the advice we receive, especially when it comes to business. When encountering advice from former entrepreneurs or other authoritative figures, it's important to weigh its relevance.

Advice from those who held high positions may seem significant, but the question is how relevant it is today. The world doesn't stand still, and what worked yesterday might be ineffective today. Understanding the current business landscape and technologies is key to success.

? Power, influence, and understanding from those who are currently in the game are undoubtedly valuable. They are immersed in modern realities, facing current problems, and finding contemporary solutions. This provides a current perspective that can be critically important for entrepreneurs.

Of course, this doesn't mean completely ignoring past experiences, but the focus should be on the applicability of the advice in today's context.

In business, as in life, it's important to find a balance between the wisdom of the past and the innovative approach of the present.