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- 🧠The Weekly Compass #2
🧠The Weekly Compass #2
Akram Hamam
July 18, 2024
Hi,
Welcome back to The Weekly Compass! I’m happy to be back after a very hectic period of traveling and ready to share the second issue with you. This week, we continue our journey through entrepreneurship, crypto trends, investing insights, and more. Let's dive right in!
Entrepreneurship: Scaling Your Business Efficiently
Scaling a business is a critical phase for any entrepreneur. Here are some strategies to help you scale efficiently:
Streamline Operations: Automate routine tasks to save time and reduce errors, the main tools I use are Motion (AI Calendar planner) and Notion (AI everything app, project management, CRM, to-do list).
Invest in a great project manager: Project management is probably the most important role in a scaling business. One of my first hires in each project would always be a great PM to help me with my hectic business life.
Connecting Within Your Network:
Last time we talked about the importance of networking. This week, let’s focus on keeping your connections active:
Follow-up: Regularly check in with your contacts. I spend about 1-2 hours a day just connecting with people, these are either old contacts to catch up with or new ones who I’ve recently met. It’s important to keep the network warm so it doesn’t feel like you're reaching out to them only when you ‘need’ something from them.
Attend Events: Participate in industry events to meet new people and reconnect with existing contacts. About 3 weeks ago I attended an event in Dubai and I bumped into an old friend who I hadn’t seen for 2 years, we went for a bite a couple of days after, and ever since we’ve reconnected and we’ve decided to partner up on a new project. Stay tuned!
Crypto Corner: The Crypto Market is pumping!
Lately, it’s been quite a ride for the crypto market, and it looks like we’re going into a proper bull run cycle. As of today, the price is close to 65k USD. Being involved for almost a decade is an exciting time for a crypto geek (not a degen!) like me. I’ve also been involved in crypto mining for a while and the rewards will soon all start paying from all those years of investing.
If you want to know more about mining hit the reply button or just reach out to me on IG.
Investing Insights: The Impact of Interest Rate Changes
Understanding the implications of interest rate changes is crucial for investors. Here's what to watch:
Market Volatility: Interest rate changes can lead to significant market fluctuations.
Investment Strategy: Adjust your portfolio to mitigate risks associated with interest rate hikes.
Economic Indicators: Keep an eye on economic reports to anticipate changes.
Social Impact: The Nile Cleanup Foundation!
Our efforts to clean up the Nile River are gaining momentum. Here are some recent updates:
Team Building: We’ve added several passionate members to our team.
Partnerships: We’re forming alliances with organizations to enhance our impact.
Community Engagement: We’re planning community clean-up events to raise awareness and involve more people.
Visit thenilecleanup.org to learn more and get involved.
Event Highlights:
Leaders On Purpose Summit London
I attended the Leaders on Purpose Summit at Club KOKO in London about 2.5 weeks ago and it was an absolute game-changer. I had the honor to meet one of the most known foundation founders and connect with some KOLs. I’ve been able to speak about the Nile Cleanup Foundation and I will be telling more about new partnerships soon.
LOP Summit is organized by my dear friend Tatiana Kazakovan Tarnowski and her co-founder Christa Gyori and their goal is to connect all the purpose-driven company leaders to share their knowledge and network.
Ever fancy joining? Check out their website here.
Here’s a snapshot of the intimate panel stage
Book of the Week: "Atomic Habits" by James Clear
This week, we’re exploring "Atomic Habits" by James Clear. It's an excellent guide to building good habits and breaking bad ones.
Why Read It: Learn practical strategies to form habits that can transform your life and business.
Key Takeaways: Understand the science behind habit formation and how to apply it to achieve your goals.
Find more about the book online here.
I hope you find this second issue of The Weekly Compass insightful and motivating. As always, your feedback is welcome, so feel free to reply with your thoughts or suggestions for future topics.
Stay awesome and see you next week!