Blog

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October 7, 2022

5 Proven 10X Rules That I use for my Business

Today, I am excited to share the 10x rules that I use for my business. This rule I have defined this after reading the book The 10X rules by Grant Cardone.

The book is about success and failure. The book is all about 10x in your vision of what’s possible in your life and very importantly 10xìng the actions, you’re going to take to bring that vision to life.

The 10x Rule is about pure domination mentality, and how to be the alpha of the industry. The overall main points that Grant Cardone makes regarding how to reach extreme amounts of success can be divided into two parts –

Extreme 10x GOALS, and extreme 10x ACTION.

There are a bunch of practical takeaways that can help you wake up from your slumber, and make you reach your full potential.

Here are 5 Proven 10x Rules that I learn and I am implementing in my business.

5 Proven 10X Rules

5 Proven 10X Rules That I use for my Business

#1 Write down your 10X Goals

How often do you write down your goals? Mostly, once in a year your new year’s resolutions.

Grant says anything important in your life you need to write down a goal. He says you need to ask daily what’s important to me and write down your goals daily.

You need to stretch yourself to go beyond what you think you can currently do. May be 10x level. Push yourself those are the goals you’re going to want to come back to on a day-in and day-out basis that fire you up.

He asked a great question he says are your goals equal to your potential that’s a really powerful question.

Your Goal = Your Potential

If that doesn’t increase your pulse rate a little bit when you think about wow what am I capable of what can I do what can I achieve that’s how we want to operate in our lives.

Find the baby steps and the massive action that helps us connect from that big vision to where we are today and enjoy the process and all that good stuff but keep that in mind and reflect on your goals and stretch yourself.

#2 Take Massive 10X Actions

Grant talks about four degrees of action in the book. I also agree with him.

There are four ways we can approach life

Do nothing just hang out
We can retreat, and avoid taking actions
Take Normal level of actions & live a reasonably comfortable life
Take massive action or 10x actions

I don’t know how many times grant uses this phrase in the book but suffice to say it was a lot.

Disciplined consistent persistent massive action followed by

more disciplined consistent persistent massive action followed by more disciplined consistent persistent massive action that’s the essence of this book.

So quick recap where do you show up

Are you doing nothing?
Are you kind of retreating from life?
Are you doing just enough to get by normal activity levels?
Are you taking massive action?

If you want to create extraordinary things in your life you need to take massive actions.

The 10X Rules

#3 Create your own Luck

Having 10x goals, followed by 10x actions, will create 10 times the amount of opportunities any average person is exposed to.

And the best part is – since you will be better prepared to make use of those opportunities – the amount of value following your actions will be unheard of compared to any of those average peers of yours.

From the outside, this will be perceived as “luck”.

“Ah look at that dude! He just happened to be at the right place at the right time. If only I was that lucky!”

What they don’t see is the massive amount of action required to put you in that place to begin with. Take Tiger Woods as an example. No matter what you think of him, you gotta hand it to him, he’s been extremely successful.

But when just watching a specific tournament one can perceive some specific shots as lucky.

Lucky hit, lucky bounce, lucky roll, lucky whatever …

But what isn’t shown is the tremendous amount of practice – thousands and thousands and thousands of hours on the driving ranch and millions of puts.

So is he really “lucky” in that tournament, or is it just hard work paying off?

Or, take to fund managers as an example, running to different funds. Which one will be more “lucky”, picking more successful companies?

The manager who does due diligences and company meetings per year, or the manager meeting and analyzing only companies per year?

Warren Buffett is famous for reading a tremendous amount of annual reports every year. I’ll just leave it at that. Sometimes actual luck and uncertainty might have something to do with it, but it can’t be calculated with.

Besides, you don’t see or hear about the big number of times the successful went for it and failed. After all, the world pays attention only when they’re winning.

Bottom line – the more actions you take, the better your chances of getting “lucky”.

So go! Take action and create your own luck!

#4 Eat Your Fear

Fear favorite food what is it grant tells us it’s time.

Do what you fear, that is how you will excel. For instance …I was almost freaking out when I put up my first video on YouTube.

Go back to it and watch it and you’ll hear it in my voice. Fear is the great indicator of what you should focus on. An absence of concerns signals that you are only doing what’s comfortable for you, and that will only get you more of what you have right now.

Fear stands for False Events Appearing Real.

Use this frequently avoided feeling as a green light for what you SHOULD do.

For instance, if you’re afraid to call on a client, that’s a sign that you should call that client.

In fact, you will be amazed at how much stronger and more confident you’ll become.

And everyone fears something in life. However, it’s what we each do with that fear that distinguishes us from others.

It actually works as a competitive tool – one that is for free and unutilized for the most part.

So, bottom-line: eat your fears. Don’t feed them by backing off or giving them time to grow. Learn to look for, and use fear, so that you know exactly what you need to do to overcome it and advance your life.

#5 Don’t compete. Dominate!

The competition is bad.

We’ve all heard the story about the tortoise and the hare. The lesson, of course, is that the tortoise wins because he plods along and takes his time. Whereas the hare, rushes, becomes tired and misses his opportunity to win.

From this story, we’re supposed to derive that it’s good to be a tortoise – someone who approaches his goal slowly and steadily.

If there was a third player in the fable, let’s say, the Duracell rabbit, who had the speed of the hare and the steadfastness of the tortoise, it would outperform them both and have no competition whatsoever.

The suggestion here is to approach your goals like the tortoise AND the hare, by attacking them ruthlessly from the beginning, and also staying with them throughout the course of “the race”.

Take the competition to your playground, where you go all in with energy every time. Even if you fail, you keep going all in!

As most people won’t do what’s necessary to be at your level, you will achieve great results no matter the field.

And then just keep stacking – wood and fuel, wood and fuel. MORE wood, MORE fuel, until the fire is so hot and burns so brightly that not even competitors, or or market changes or anything can put your fire out.

These were some of the major takeaways from The 10x Rule.

So, in order to reach your full potential and to get success in business.

Set 10x, MASSIVE goals. Doesn’t this seem to be a reappearing pattern of successful people?

Projects usually require more than you first anticipate. Plan for, and deliver 10x action. When you are taking 10 times the action, soon other people will perceive you as being “lucky”.

So, Enhance the speed of the hare and the constant motion of the tortoise, and you will be unstoppable.

For me, it is not 10x Book it is 100x Book.

10x Goals x 10x Actions = 100x Results & 100x Success.

How Balanced Advantage Fund Can Help With Market Volatility

Mutual Funds

Shitanshu Kapadia

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September 22, 2022

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How Balanced Advantage Fund Can Help With Market Volatility

Sometimes, it seems like you can predict which stocks will rise or fall, but more often than not, the market surprises investors. That’s why many people are turning to Balanced Advantage Fund as a way to help reduce volatility in their portfolio.

If you’re looking for investments that will provide some security during uncertain times, then the Balanced Advantage Fund may be right for you! In the section below, we will discuss why a Balanced Advantage Fund is a great option.

Let’s get started.

balanced advantage fund

What is a Balanced Advantage Fund?

The Balanced Advantage Fund is a mutual fund that aims to provide investors with exposure to a variety of asset classes in order to help them manage market volatility. The fund invests in a mix of stocks, bonds, and other assets and is designed to provide investors with a higher level of return than they would receive from investing in just one asset class.

Best Mutual Funds to Invest in 2022 – Top 10 Mutual Funds India 2022

Ways in Which Balanced Advantage Fund Help with Market Volatility

They are Dynamic

The Balanced Advantage Fund is a dynamic fund that provides exposure to various asset classes. This means that the fund can help investors weather market volatility by providing diversification.

It Can Give Good Returns

As the assets are dynamically allocated, Balanced Advantage Funds can provide good returns. For instance, if the stock market is going down, then the funds can increase investments in equity. This helps the fund purchase good stocks at a low price and sell them when their value appreciates.

They Make Investments in Both Debt and Equity

One of the key features of the Balanced Advantage Fund is that it invests in both debt and equity. This means that when markets are volatile, the fund can still generate returns for investors.

Should Every Type of Investor Choose the Balanced Advantage Fund?

The fund is designed for investors who are looking to achieve long-term capital growth. The fund invests in a diversified portfolio of assets, including equities, fixed income, real estate, and infrastructure.

The fund has a lower risk profile than other equity funds. Therefore, it is suitable for investors who are seeking stability and capital preservation. In times of market volatility, the fund’s defensive strategy seeks to protect the value of your investment.

If you’re looking for an investment that can help weather market storms, then the Balanced Advantage Fund may be right for you.

The Bottom Line

For investors looking to protect their portfolios from market volatility, the Balanced Advantage Fund can be a good solution. The fund uses a combination of asset classes and strategies to provide downside protection while still allowing for upside potential.

3 Secrets to Manage Multiple Businesses Simultaneously

Skills & Productivity

Shitanshu Kapadia

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September 18, 2022

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3 Secrets to Manage Multiple Businesses Simultaneously

I have got a question yesterday, via e-mail. Hey Shitanshu, How do you manage multiple businesses simultaneously?

Well, it is difficult to manage multiple businesses. It takes a lot of time and energy to build and run multiple businesses to generate multiple revenue streams.

So, if you are starting afresh my sincere recommendation is, don’t try to manage multiple businesses simultaneously.

Don’t try to manage multiple businesses simultaneously.

I think for most entrepreneurs, most entrepreneurs that I advise and consult with, I almost always recommend them, to just focus on one thing and do that very, very well at the first instance.

But, the question arises that for serial entrepreneurs like me we have to build and manage multiple businesses. To build multiple sources of Income.

But, at the initial stage, I don’t think most business owners, should be involved with so many businesses.

Because it takes so much effort, and so much time and energy, just to make one business work, I mean, business is tough enough.

And when you are trying to make two things work. Like say Elon Musk, you are trying to make SpaceX and Tesla. But, Elon Musk is an experienced entrepreneur and he is also exceptional, right?

multiple business options

There are so many entrepreneurs out there that, they are having a little bit of that shiny object syndrome.

They want to run behind a shiny business or in the other world businesses which other people are doing.

Myself, I am also affected by shiny object syndrome. I am hyperactive and I keep on thinking, yeah I want to do this, and I want to do that, I want to do this and I want to do that as well.

But every single time you add another business to your portfolio,

it takes away, certain attention from the other businesses. And that becomes an issue.

Now I’m not talking about you being an investor, that you have someone else running it, right? If you invest in a business, you got someone else

running that business.

A CEO, a General Manager, that’s great.

But if you’re managing multiple businesses by yourself, it’s very, very challenging.

So, depends on your business model. Now, however, if you are one of those serial entrepreneurs, meaning that you get bored, like me, easily.

That you want to be involved with different things, and you don’t mind being involved in different industries, because you kind of enjoy the process, you like learning new things.

And you do want to manage those.

So, Let me share with you my 3 Secrets of managing multiple businesses simultaneously – My Experience.

Secrets-Manage-Multiple-Businesses

3 Secrets to Manage Multiple Businesses Simultaneously

How to Manage Multiple Businesses Simultaneously?

Now, this is what I do, I’m not saying that this is what you should do.

# Core Team & Efficient Leaders

If you want to run multiple businesses you need to have a team. You need to build a core team, The core team is like your Army this core team helps to run, it helps to manage, and it helps to advise all your other companies.

You can not manage multiple businesses without a core team.

So imagine if you have a core team like that. And then whatever you want to add to your portfolio this is the core team.

But you could have an efficient leader, a COO, a CEO, or a General Manager for that particular business.

And they are the ones that are driving the day today, right?

So you can add to that. This is what I have done to manage multiple businesses.

#2 Proven Systems

I have developed systems and utilized tools to generate reports or lead generation, traffic generation, SEO, Digital marketing, Social Media Marketing, and a lot more. A few core members and partners in each business help me to manage it.

But really, it goes back to this core team.

Until that business, it’s big enough. This means, generating enough revenue, then that business is probably in the six-figure range, then this business, could have its own kind of management team, right?

#3 Process Replication

My Team is running the day-to-day business, and they’re reporting back to the core, this executive team, with MIS data, SEO data, and Traffic Data but, this is the team that actually makes it work.

Think of this, in the beginning, they’re borrowing a lot of resources from the mother ship, right? From your Core business. You are replicating existing processes and systems from your parent business.

Until they get big enough, they become their own mother ship and they kind of operate on their own, but, you still have a lot of synergy communication between all these entities.

And that’s how you manage it. So, in short, the way you manage it is actually, you don’t manage it, you have other people managing it, but you have very good systems, and reporting system and you’re measuring the metrics and having the right person, the right seat, managing those things, and then you’re fine.

Each business is its own entity.

But then this core, this is how you help all these other businesses become smarter.

Let me give you one example.

Let’s say you’re running Google Ads.

You already know the best practices.
You know what works.
You know how to drive cold traffic to offers.

Here’s a business that you start, or you invest, well, these guys, the new people, they don’t have to start from scratch.

They don’t have to go through the school of hard knocks, they can plug into the mother ship and say, hey, already here are the best practices.

Do it this way. Oh great, now you just reduce the risk, and eliminate a lot of learning curve, right.

You already know, how to build a team.
You already know, how to drive traffic.
You already know, how to do all these things.

So they are tapping into what works.

Not trying to figure out what works. The products and services industries might be different.

But really, intelligence, is what is valuable. So, that’s what I do.

How do you manage multiple businesses simultaneously?

It’s having the right system, the mother ship, plug that into that, plus, then have the right leader, leading each of those businesses.

How to make a Profit in Crude Oil trading?

Stock Market

Shitanshu Kapadia

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September 15, 2022

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Crude oil trading has significant potential for profit in almost all market conditions due to its unique position within the global economic and political systems. Additionally, the volatility of the energy industry has risen significantly in these few years, assuring solid trends that can deliver reliable profits for both long-term timing methods and short-term swing trades.

Traders usually fall short of maximising the benefits of variations in crude oil prices owing to inability to comprehend the unique specifics and characteristics of these markets.

oil trading

How to make Profit in Crude Oild Trading?

What is the idea behind trading in commodities?

When essential commodities are actively exchanged with the intention of speculation and risk management, this is known as commodity trading. Trading commodities for speculative purposes entails predicting whether a commodity’s price will rise or fall.

Hedging, or commodity trading for risk management, refers to purchasing the commodity to protect against a potential future price hike (at a low price).

1) Learning about crude oil fluctuations

Learning about what triggers movement in crude oil prices should be your step number 1. Simple perceptions of supply and demand drive market movement. This is dependent on global production and the global economy.

When the supply is excessive, prices tend to fall. Prices for crude oil increase due to increased demand. When market trends are favourable, there is a close convergence of promising elements, which leads to rising costs and vice versa. Therefore, before trading, you must understand the factors that might affect the oil cost.

2) Understanding experienced traders

The secret to grasp the basics of crude oil trading is closely following how experienced traders and hedgers operate in futures markets. You must be aware of the crowd while trading commodities, including market participants who can offset risk and hedgers who make predictions about crude oil’s long- and short-term future.

Due to their tiny size and reliance on media conjecture, retail traders have little impact on the crude oil commodity market. However, their purchasing and selling habits might accelerate the velocity of market movement.

3) Knowing the difference between two key oil benchmarks, WTI and Brent:

Trading oil predominantly consists of two marketplaces. These are Brent and West Texas Intermediate. While Brent Crude is derived from the North Atlantic Ocean, WTI is sourced from the Permian Basin in the United States.

4) Create a trading strategy

Investments in energy futures, such as crude oil, also have hundreds of professionals and financial consultancy companies whose goal is to use the commodities market as a hedge against the other speculative markets, similar to the case of equities markets or mutual funds. These have developed experience monitoring daily geopolitical events and inferring how they might affect crude pricing and trade.

Thus, retail investors must have a plan that is not solely motivated by emotion, as is the case with stock market investments. It’s not a bad idea to enlist the aid of portfolio managers and market consultants, as they will aid you in comprehending the energy ecology.

5) Make use of historical data

Knowing the historical highs and lows of the crude oil market might help explain price trends and volatility and would prove profitable while creating your trading strategy.