#AskPeshev 172: Personal Development

#AskPeshev 172: Holiday Resolutions & 2023 Investments

December 22, 2022

Now, we're down to 10 days before the year officially ends. It's been another year of ups and downs. If you're into stocks, it's mostly the latter (my portfolio took a hit even when accounting for indexes and a couple of stable ETFs).Maintaining revenue goals, diversification, and investment strategy have been top of mind for me personally over the past 6 months. This is a key element of my 2023 strategy - both professionally and individually.It's never too late to improve and grow. It's never too late to explore opportunities.If you are ready to do a 180-degree turn for the coming year, read every article featured in this newsletter. Thank me later. šŸ˜‰ Also, if you're interested in specific investing or digital acquisition opportunities, I'd love to find out what deals you're browsing for.Growing with you in 2023,Mario My Take Acquiring Digital Properties: Why, What, and Where to BuyToday, we are discussing acquiring digital properties: WHY, WHAT, and WHERE to buy. I have been buying digital properties, websites, SaaS platforms, e-commerce applications, content publishing websites, and so forth, for the past nine years. Some of these properties that I buy are very cheap ranging from a few hundred bucks to a couple of thousands. Buying digital properties has definitely been one of the endeavors that I have been enjoying quite a lot.Read moreā€¦

 Business Strategy 

  • DOW: 32,849 (+0.28%)

  • NASDAQ: 10,547 (+0.01%)

  • S&P: 3,821 (+0.1%)

*Economy numbers as of December 20th*

Balancing the inner and outer game is the need of the hour for the leaders of today and tomorrow in the new hybrid work culture. The outer game is about what we doā€”business acumen, performance, results orientation, etc. This is accelerated by professional development focusing on knowledge and skills to improve business potential in a particular work environment..Read moreā€¦ Management 

  • Q3 2022 Labor productivity: +0.8%

  • Q3 2022 Hours worked: +2.5%

  • Compared to Q3 2021: -1.3%

*Statistics taken from US Bureau of Labor Statistics.Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons*

Harvard Business Review: 6 Ways Companies Fail to Help Workers GrowWhen it comes to worker advancement, good corporate practice is widespread. Thatā€™s a key finding that emerges in our American Opportunity Index, a first-of-its-kind ranking of Fortune 250 companies based on the lived experience of three million of their U.S. workers. We compiled the index as part of a study sponsored jointly by the Burning Glass Institute and the Harvard Business Schoolā€™s Managing the Future of Work project.Read moreā€¦ Recruitment 

  • Tech Companies with Layoffs December 2022: 102 

  • Employees Laid off December 2022: 8,986

* Statistic taken from layoffs.fyi as of December 21st *Business News Daily: How to Recruit Great Employees in a Tough Labor MarketThe labor market is tight. Are you using smart hiring strategies? When the labor market is tight, employers need to be more proactive and intentional to recruit top talent. Applicants value a simple and transparent hiring process so they can understand the responsibilities and compensation of the job before they apply.Read moreā€¦

 Breaking News šŸšØ

  • Elon Musk will step down as Twitterā€™s CEO after he finds someone ā€œfoolishā€ enough to replace him

  • House committee votes to make public Donald Trumpā€™s personal and business tax records

  • FTC co-founder Sam Bankman-Fried agrees to extradition from the Bahamas to the U.S.

 Marketing 

  • People hired every minute on LinkedIn: 8

  • People job searching on LinkedIn each week: 52 Million

  • United States LinkedIn Members: 194 Million

*Information is taken from LinkedInā€™s ā€œAbout Us - Statisticsā€ page*

If you want to create a more authentic brand on LinkedIn, you need to master or remaster some of the soft skills that are often spoken about but often ignored in our technologically laden social media world. In the world of LinkedIn, have you noticed a lot more automated replies, invitations to meetings and lightly disguised sales pitches? If you are like me, you see those coming across more and more.

 Sales 

  • eCommerce 2022 market revenue projection: $3.59tn

  • Expected eCommerce annual growth: 12.24%

  • User penetration projection: 54.1%

  • Revenue Change 2022: -6.5%

* Information taken from Statistaā€™s 2022 eCommerce Revenue Forecast December estimation *

When it comes to learning about a new brand or service, the vast majority of modern customers want visual content. In fact, a whopping 91 percent of audiences today seek out visual content in their first three touchpoints with a brand. Whether searching for videos, infographics, or product demos, today's customers rely on visual content rather than text-based information to guide their decisions.

 Featured Story of the Week 

šŸ“š GUIDE ALERT šŸ“£ I've been blogging for the past 15 years. My resources have been taught and referenced across 60+ colleges and universities. When it comes to leadership - great leaders are strong, respectable, admirable human beings. Masters of communication. Empathy. Wildly productive... And team players. This week's deck compiles high-level snippets from several of my personal development guides. ...and my subscribers are predominantly executives and directors in Fortune 1000s, MNCs, and growing startups. šŸ“Š Take a peak at some strategies you can quickly adopt during the holidays. Anything to add?