#AskPeshev 184: Dodging bullets and growing this year!

#AskPeshev 184: Dodging bullets and growing this year!

March 15, 2023

I love using the newsletter to motivate and inspire (on top of educating.)While I'm big on risk management - and frequently cover recessions, market drops, hacked websites, or other gloomy events... I'm simply trying to be prepared - and help you prepare yourself! Case in point - SVB and the disruptions over the weekend. Working with Mercury for my Stripe Atlas company and doola banking for the Wyoming LLC keeps me diversified across multiple banks... And out of the weeds.You may choose to build businesses here and there, and launch like crazy, but growth—real, steady, and reliable growth—does not happen overnight.There is wisdom in years of struggling and thriving, and reward in patience.Focus on one thing first: You are where you are now for a reason. Savor it. Learn as much as you can. Trust the process. To help you with the process, I have recently launched my community of entrepreneurs and business leaders. Join us and grow with us. There's nowhere to go but UP 🚀 Here’s the link: Growth Shuttle CommunityI'm committed to helping more founders, executives, and solopreneurs personally. I won't be able to do this forever (the pure economy of scale), but I'd love to individually work with a small group of people in the community + respond to Slacks until we outgrow my own capabilities. So - make the most out of my time while the iron's hot. Early adopters get the prizes.Then, check out the latest bits on startups including my latest blog post on improving search engine ranking via regular updates—it’s one massive treat!Mario My Take The Definitive Guide to Improving Your Blog’s Search Engine Ranking with Regular UpdatesAre you looking for ways to improve your blog’s search engine ranking? Do you spend hours crafting high-quality content, only to find that it’s not being seen by your target audience? If the answer is yes, then you’re not alone. Many bloggers struggle to improve their website’s visibility in search engines.Read more…

 Business Strategy 

  • DOW: 32,155 (+1.05%)

  • NASDAQ: 11,428 (+2.14%)

  • S&P: 3,919 (+1.66%)

*Economy numbers as of March 14th*

Quang Hoang, the co-founder of a startup called Birdly Inc., spent his Monday refreshing the website of Silicon Valley Bank every hour. His San Francisco-based mentoring startup had about $10 million deposited with the now-failed financial institution, patronized by a large portion of the country’s most promising tech companies. But as afternoon turned to evening, he still hadn’t been able to recover his cash.Read more… Management 

  • Cisco: $48.70 (+12.50% for the past 2 quarters)

  • Novartis: $75.57 (-2.83% for the past 2 quarters)

* Statistics relevant to March 14th *MITSloan: Managing External Contributors in Workforce EcosystemsNovartis’s workforce includes 110,000 employees and 50,000 contractors and temporary workers. Cisco has 83,000 full-time employees and 50,000-plus contingent workers of various types. Both companies rely substantially on a workforce ecosystem that includes many kinds of external contributors, including tens of thousands of individual contractors, to achieve their business outcomes. They are not alone.Read more… Recruitment 

  • 2023 Companies with layoffs: 485

  • 138,302 Employees were laid off in 2023

  • Meta lays off 10,000 staff as part of its "Year of Efficiency" update

*  Statistic was taken from layoffs.fyi   *Sifted: Despite Corporate Cost-Cutting, HR Tech Startups Say They’re More In Demand Than EverAs the global economy slows, many companies are hunkering down, cutting headcount and spending. But one group of startups in France says they’re not feeling the pinch: those offering helping companies provide employee benefits from childcare to charity donations.Read more…

 Breaking News 🚨

  • Former President Trump’s allies are formally accusing Florida Gov. DeSantis of violating state ethics and election laws with a “shadow presidential campaign,”

  • A group of Democrats led by Sen. Warren and Rep. Porter will unveil legislation to restore bank regulations that were undone under then-President Trump in 2018, seeking to fix what they say was the cause of Silicon Valley Bank's collapse.

  • Ohio's attorney general sues Norfolk Southern, alleging that the company was negligent for causing the East Palestine train derailment.

 Marketing 

  • Chat GPT-4 can see and understand images

  • Chat GPT-4 is harder to trick

  • Chat GPT-4 has longer memory

  • Chat GPT-4 is more multilingual

  • Chat GPT-4 has different "Personalities"

* Taken from TechCrunch's "5 ways GPT-4 outsmarts ChatGPT" *

Growth marketing, data-driven sprints, and no-code software like Canva, Webflow, Airtable and Bubble have changed the way startups do marketing. Don’t get me wrong – these are all great tools to have in a marketing toolkit. 

 Sales 

  • more than 300K global digital assets have been sold via Flippa

  • For International Entrepreneurs, who want to open a US Business Entity, doola provides fast and easy EIN, the opening of a business bank account and other requirements in all 50 states

  • Investing in tech startups has never been easier thanks to SeedBlink, due to their portfolio diversification tools and vast network of investors

​If customer experience (CX) is the cornerstone of B2B business strategy, then the customer success (CS) team is increasingly the custodian of the post-purchase CX. The team's job is to help the customer meet their goals and expectations from the product and convert that into retention, revenue and growth.

 Featured Story of the Week 

Should you launch multiple startups or products simultaneously? 🤔 In the world of entrepreneurship, scholars end up in an infinite loop and often prolong the launch for ages. And overly hyped hustlers can't stop pivoting to the next idea! 👽 While it's not "that" common to meet serial young entrepreneurs, it's growing in popularity thanks to "no code" technologies. 👨‍⚖️ Yes, you can go crazy with WordPress - that's not what I'm referring to here.