• On The Fly
  • Posts
  • 01/31/23 |#02| Helping People = More Money |#02|

01/31/23 |#02| Helping People = More Money |#02|

Plus: What the heck is a balance sheet? We got you. Also, Alex Hormozi shares his perspective on how to make more πŸ’Έ and Mark Manson shares perspective we should all be reminded of πŸ˜„

Tuesday Edition: January 31st, 2023

Good morning! We appreciate all the feedback after last week's first edition and used it to come back even stronger this week. #LetsGo 😀

The Big & The Small

Your pit-stop for business news.

FORD:

Ford is βœ‚οΈ prices like Tesla. "The Detroit automaker said Monday it will lower pricing of the Mach-E, which is comparable to Tesla’s Model Y, by an average of about $4,500, depending on the model." Sooo Ford, tell us - are you trying to get more demand by doing this?

phonePe:

A digital payment and fintech company in India. "PhonePe is India’s most valuable fintech startup. The startup competes with Google Pay and Paytm." They have a projected revenue of over $500 million for 2023 and are valued at $12B...that's a big number, people.

TikTok:

Keep an eye on this πŸ‘€ "TikTok CEO Shou Zi Chew will testify before the House Energy and Commerce Committee on March 23 about the app’s security and privacy practices and its ties to China through its parent company ByteDance." TikTok is fun, but who knows what they do with the data.

sorare:

Raising how much?! $680M in their Series B. "Sorare is a fantasy sports gaming experience based on NFTs. In particular, Sorare has partnered with many football (soccer) leagues so that it can create trading cards representing football players." They just partnered with the Premier League...

A little Tuesday pick me up

Finance 101 πŸ€‘

What the heck is a Balance Sheet?

Short and Sweet: It shows what you own, what you owe, and what money has been invested by shareholders. It helps gauge the overall financial health of a company.

Why it matters: As a business owner, being familiar with what you own, what you owe, and how much money has been invested is not only something your accountant should know.

Entrepreneur Advice πŸ—£οΈ

Alex Hormozi shares so much value across all of his social channels. Want to make even more money? Helping people and providing value is the πŸ”‘

A Networking Hack 🀝

Don't go anywhere without some news in your back pocket. What's the value? It'll help with small-talk! Making conversation is hard, but staying informed can make it easier.

Food For Thought πŸ˜ƒ

Who is Mark Manson? For convenience, here you go. Also: his book The Subtle Art of Not Giving A F*ck is exceptional.

Conversation Starter 🧐

Amazon is charging even more fees. Starting on February 28th, Amazon Fresh grocery orders under $150 will come with additional charges. The charge for an order under $50 is almost TEN DOLLARS! These delivery fees don't stop 😩

Sports Talk 🏈 πŸ€ ⛳️

  • LeBron James is 117 points away from being the NBA all-time leading scorer.

The Dog Of The Day 🦴

Hello there, Douglas.

2 Do This Week πŸ’‘

  • Watch a new movie 🍿

  • Start a monthly budget πŸ’²

What did you think of this week?

Login or Subscribe to participate in polls.

You are now On The Fly & In The Know