Future Proofing You

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Jay Samit. Future Proofing You

Table of Contents

Guide

Pages

FUTURE PROOFING YOU. TWELVE TRUTHS FOR CREATING OPPORTUNITY, MAXIMIZING WEALTH, AND CONTROLLING YOUR DESTINY IN AN UNCERTAIN WORLD

Foreword

Introduction

How Do You Go about Future Proofing You?

PART I The Twelve Truths

1 The Growth Mindset

Truth #1 – You Must Have a Growth Mindset

How Do So Many Fail in a Land So Rich with Opportunity?

Job Security Is a Myth

Wealth Comes from Creating Money, Not Earning and Saving It

Fostering a Growth Mindset

Six Techniques for Developing a Growth Mindset

Notes

1.5 The Future Proofing You Experiment

Rules for the Future Proofing You Experiment

Finding a Mentee

2 Leveraging Obstacles for Success

Truth #2 – Obstacles Are Opportunities in Disguise

Finding Problems to Solve

Seven Steps for Problem Solving

What Problem Was Vin Clancy Going to Solve?

Vin's Million‐Dollar Idea

Notes

3 Harnessing Fear to Your Advantage

Truth #3 – Fear Is Good

Fear Inaction More than Action

Overcoming the Fear of No Funding

Overcoming the Fear of Going Broke

Proven Technique for Tackling Doubt

Harnessing the Three Primary Fears of Others

Notes

4 Embracing Failure as Part of the Journey

Truth #4 – Failure Is Great

Four Approaches to Embrace Failure

Reducing Your Chances of Failing

Notes

5 Igniting Your Superpower by Applying What Makes You Unique

Truth #5 – Your Unique Superpower Makes You Successful

What Comes Naturally to You?

What Do You Do Better Than Anyone You've Ever Met?

What Makes Time Disappear for You?

When Friends Ask Your Advice, Why Are They Coming to You?

What Would You Do If Money Didn't Matter?

Identifying Your Kryptonite

Notes

6 Turning Perseverance into Passion

Truth #6 – Passion Makes You Unstoppable

Four Questions for Cultivating Passion

Would Your Fourth‐Grade Self Be Proud of Who You Are Today?

What Makes Time Stand Still for You?

If You Were Billionaire Bruce Wayne (aka Batman), How Would You Save the World?

If You Only Had a Year to Live, How Would You Spend It?

Six Techniques for Maintaining Passion

Notes

7 Don't Fly Solo: Finding the Right Mentor for Each Phase of Your Career

Truth #7 – You Can't Go It Alone

Three Ways to Find a Mentor Using LinkedIn

Building a Network of Mentors

Finding a Partner

Using Mentorship to Build Your Team

Upscaling Your Team

Notes

8 Everything Is a Tech Startup. Yes, Everything!

Truth #8 – Everything Is a Tech Startup

Time Management Is a Competitive Edge

Three Tips for Increasing Productivity in a Digital World

Vin's Top 22 Growth‐Hacking Tools

Notes

9 Filling the Void

Truth #9 – You Must Fill a Void

Mortar and Use Case Voids

Cross‐Pollination

30‐Day Challenge Revisited

New Technology Solves Old Problems

Find Voids Others Are Too Busy to Fill

Vin's Void Vanishes

Notes

10 The Trillion‐Dollar Opportunity

Mobile Is Going Spatial

Truth #10 – Spatial Reality Is a Trillion‐Dollar Opportunity

The M.O.V.E. Method

Notes

11 Working Hard Doesn't Make You Rich

Truth #11 – Working Hard Doesn't Make You Rich; Working Smart Does

Deal Structure

Raising Capital

Reinvesting Profits

Notes

12 Remote Workers Are Your New Competitive Advantage

Truth #12 – Remote Workers Are Your New Competitive Advantage

Benefits of Employees Working from Home

Five Techniques for Managing Remote Workers

Notes

PART II Future Proofing Your Business

13 Using Mergers and Acquisitions for Future Proofing You

The Art of the Exit

Why Large Companies Acquire Small Companies

Getting an Offer

Notes

14 Fulfilling the Need for Profitable Sustainability

Sustainable Capitalism

Purpose‐Driven Profits

The Sharing Economy

Four Questions for Creating Sustainability. What Beliefs Are Core to Your Company?

What Is Your Value Proposition?

How Do You Measure Success?

How Do Your Sustainability Goals Compare to the Rest of Your Industry?

Notes

15 Pay It Forward

Notes

Epilogue – Vin's Reflections

About the Author

Acknowledgments

Index

WILEY END USER LICENSE AGREEMENT

Отрывок из книги

JAY SAMIT

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Airbnb, Google's search engine, and cryptocurrencies such as Bitcoin are all examples of new business models that created billions of dollars that would not have otherwise existed. Airbnb monetized surplus rooms, thereby unlocking billions of dollars of stored value. Silicon Valley's venture capital firms are all based on this model. VCs look to invest in disruptive ideas that can generate at least a tenfold return on their money. The best of the best, venture capitalists who generate billions of dollars, are tracked on the Midas List. Sequoia Capital's Jim Goetz topped the 2017 Midas List by being the only person to invest in the 55‐person mobile app developer WhatsApp, which sold to Facebook for nearly $22 billion after only five years in business. What makes the WhatsApp story even more astounding is that its founder, Jan Koum, just prior to starting WhatsApp, had applied for a job to work at Facebook and was rejected. Without a job, he created his company and became one of the wealthiest billionaires on the planet. Koum, a college dropout and Ukrainian immigrant, made $7.5 billion on an idea he would have gladly given Mark Zuckerberg for free if only Facebook had hired him.12 Unlike the wealthy industrialists of the twentieth century, today's Future Proofing millionaires and billionaires don't amass wealth, they create it. And, so can you.

To benefit from the opportunities available in the twenty‐first century, you must first understand how businesses create value. As I illustrated with the previous arithmetic problems, you need to unlearn how you thought companies made money and look for ways that existing businesses can be disrupted. In my previous book, Disrupt You!, I walked readers through all the parts of the modern business value chain from research and development, design and production, through to marketing, sales, and distribution. New technologies such as mobile, social media, and blockchain provide opportunities for small startups to greatly improve upon one part of the chain and dislodge large, less nimble incumbents. Instagram upends Kodak. Netflix destroys Blockbuster and destabilizes Hollywood studios. Airbnb destabilizes the hotel industry. Uber disrupts 17 million taxi drivers. Depending on the industry, businesses can be disrupted at any link upon the chain and thereby release value that can be captured by new startups. (If you haven't read Disrupt You!, I highly suggest you do before launching your new business. If this was a college course, Disrupt You! would be the prerequisite for enrolling in Future Proofing You.) Beating the competition is but one path to financial success.

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