madchef bring back the tofu sides in your rice platters. also i always see madchef getting praise for their burgers or poutines but the rice platters are tremendous and people dont talk about it as much as it should be.
The video features an interview with Ayman Sadiq, focusing on his approach to thinking like a CEO and navigating challenges in business. Ayman Sadiq introduces new terms and metrics for evaluation in an international context, providing insights for founders and individuals with innovative ideas. The speaker reflects on personal and professional goals, envisioning what they want their life and business to look like in the future. The video highlights the importance of connections and understanding the investment ecosystem for growth and success, particularly in relation to sponsorship deals and referrals. The speaker shares their experience of learning from Ayman Sadiq, emphasizing the mentorship and valuable lessons gained from him.
Here are the Notes in short NOTES: WHILE STARTING OUT: 1. Before Jumping in any business first we have to research the market we are trying to target. 2. Don't waste a lot of money without knowing the consumer, at first create an MVP (Minimum Viable Product) and see if people really need it. 3. When You are starting out try out strategies where you have the minimum amount of burn rate 4. Social media presence helps in many ways 5. Networks are important. Having a great network of people in different places would give you a lot of leverage BEFORE GOING TO VCs 1. From Bangladesh the best way of contacting Venture Capitals is through referral (Form Ayman bhaiya's perspective) So having good networking skills goes a long way 2. Having top-notch paperwork will help you land your first meeting 3. Before going to VC at first learn the language (POC- proof of concept, Product market fit, cash flow, burn rate, CAC - customer acquisition cost, Pitch deck, etc. are common terms to know)
Rafsan you are very bad host for taking interview of business people. And don’t interrupt the person who is trying to share his knowledge more deeper. And pivot asking question in the middle of answering a question. Hopefully in next interview you will correct yourself which will be more impactful.
Summary of whole podcast Firstly, thank you so much to Dekko Isho Venture Capital for bringing up a podcast that matches the level of India's best podcasts like Think School, Raj Shimani, GrowthX, etc. This podcast is about entrepreneur Ayman Sadiq. We have seen him in many videos as a motivational speaker, but this video focuses on his entrepreneurial journey. Ayman Bhaiya and Rafsan Bhaiya discussed: 1. IBA journey, getting logical framework for solving problem through business competition, 10 Minute School corverting concept into business,earn money by teaching and invest it in 10MS, how to do things efficiently with no money or low budget,Combine effort with Idea and make a MVP. 2. The importance of a pitch deck and converting an idea into a pitch deck where the main focus should be "WIIFT" (What's in it for them) for the recipients. 3. Moving From Sponsorships model to B2B, surviving Covid, B2B to B2C, earning 12 lakh in one day by selling one pdf. 4. The importance of networking and communication skills in finding foreign venture capital firms. 5. Key metrics that foreign venture capital firms look at before investing: - RAPU - TAM - SAM - SOM - CAC Lowering the CAC through organic reach by cracking social media algorithms. 5. Unit Economics and Data Rooms. 6. Why money for startups will not be given to SMEs: - Due to the high scalability in startups, investors can gain 10 or 100 times their invested money, thus 9 out of 10 startup failures do not incur significant losses for them. 7. Rounds of investment: - Seed - Series A - Series B - Series C 8. Lessons from the failure of big startups like Byju’s: an academic course business cannot succeed with a pre-recorded model. 9. Always think big: how to be a market leader, why holding the 1st position is important for Ayman Bhaiya, and how the people and IBA campus mentality shaped him. 10. The next business goal for 10ms is cracking the offline market. 11. Big CEOs like Javed Bhai and Shejad Munum Bhaiya, who are operating multimillion-dollar companies, what do they have that Ayman Bhaiya doesn't? - The composure and calmness. 12. What is happiness? - "Happiness is practice" - Alan Watts - "If you are so smart, why aren't you happy?" - Naval Ravikant 13. Personal milestones: - Half Triathlon - Winning many football championships - Content creation (স্কুলে কী শিখি নি, কলেজে কী শিখি নি, ইউনিভার্সিটিতে কী শিখি নি) - Opening 200 offline classrooms 14. Personal OKRs, efficient way of doa. 15. Lifespan and Healthspan 16. A 60-year dream to open an SME venture studio, Day time for Pitch deck and investment after evening football.
- Effort is important. If you have an idea that you believe in then figure out a way to build it. - Prototype or a sample is more convincing than just explaining. - It is okay to change your business model to accommodate the current needs/goals. - Do your research and talk with people before doing sth for the first time. - Set your goals and work accordingly. - Learn from the failures of your competitors. - Happiness lies in the journey. The end is very short. - Write more- it helps build clarity and deliver properly.
A business overview Product management idea About Showcase your vision Journey and importance of entrepreneur to business man Important of making and approaching pitches A overview on ed-tech market of india and bangladesh The customer pain point of online study and quite a solution to serve Important of management and using spreadsheets Make also dua as with a listed way( sorry for writing it in a funny way but thinking of it maybe I Will also do the same thing when I will visit kabah one day) Why the Sudden price jump on 10 minutes courses also the reason of free courses An angle investor 😬 also importance of paying back Taking care of ownself Effect of being 2nd Note: I may can't make note of some more important point because I have listened to a lot of podcast of both of you guys so many things I already know.. These I find as new points so I mark them of.
Jargon you can takeaway from this podcast: Corporate Social Responsibility (CSR): A business model that helps a company be socially accountable to itself, its stakeholders, and the public. Business-to-Business (B2B): Transactions conducted directly between businesses. Business-to-Consumer (B2C): Transactions conducted directly between a business and consumers. Market Fit (MF): The degree to which a product satisfies strong market demand. Market Acceptance (MA): The extent to which a new product or service is accepted by the market. Total Addressable Market (TAM): The total revenue opportunity available if a product or service achieves 100% market share. Serviceable Available Market (SAM): The portion of the TAM targeted by a company's products and services within its reach. Serviceable Obtainable Market (SOM): The segment of the SAM that is realistically achievable to capture.
I just had the pleasure to listen from a wonderful podcast episode which inspired me, because it was so well researched and discussed. The subject's matter was relevant as well intellectually stimulating. Congrats on a great episode launch. I am excited to see where this podcast goes and can not wait for more installments! 🌟🎧
