As a busy founder, I need data on demand. All. The. Time. Web sockets will be key to my organization’s future success. I found my passion in e-commerce when my private brand took off while running on the corporate treadmill. Now I run an Amazon Full Service Agency, where my partner and I transform brands into 8 figure brands on Amazon. Managing many clients means plenty of data needs to be accessible by our internal teams and clients.

Web Sockets will grow my business in 3 ways:

• Knowing the health of my client’s financials
• Tracking our Receivables
• Calendar booking

Clients demand the best from us. We need to know their P&Ls better than they do. We’re currently running the business on Excel sheets, I can see us storing data on our server and building a web app to automate some of the most difficult tasks revolving around data manipulation. This data would be pushed to us in REAL. TIME. via web socket. Amazing right?

Chasing receivables is something I vowed to avoid. We have Stripe as our go-to stack to receive payment. 2.75% is worth alleviating potential headaches in chasing payment or hiring a receivables specialist. Even tracking and being notified when a payment is missed is quite burdensome. With WebSockets, we can have real-time visibility to payments, P&Ls, and other company internal financials.

Calendar booking is very underrated. Deal flow is one of the most critical aspects of agency work. Clients having real-time data sync of our calendars is essential so they don’t double book and create lost sales for our agency. Web sockets will be great for clients to view real-time data.

References

WebSockets 101 — Murtuzaali Surti

Lighthouse Labs — Intro to Websockets

Hello World.

I’ve been thinking of documenting my entrepreneurial journey for a while now and have been sharing candidly with my friend groups for the time being.

My journey in business has been a tumultuous one, which many of you can relate to. It has also been REWARDING. Now that I am now a father, I felt that it was the right time to share now that the pressure is really on me to shine for my family.

The read is about 3 minutes long. I hope you like it.

These are the top 5 things that I’ve learned since becoming a new Dad:

Build a framework to focus.

Spare time is a premium. Start blocking out time to complete specific tasks. Color code the tasks. Once that’s completed, INVEST in a good email client. I use superhuman to blitz through all my emails. How might you ask? Imagine going through all your emails with hotkeys and curated inboxes based on what is most important to you and having the ability to remind yourself at specific intervals of when to follow up or to review — this has saved me hours. Literally. Like. A. Superhuman. Right? My business partner and I have been searching YEARS for a tool that could accommodate all our inboxes(and be able to spend no more than an hour per day).

Your finances will be just fine.

Knowing that I have an extra mouth to feed has been extremely motivating. I may lose hours in a day now that diapers need changing, but I have also become hyper-focused on executing.

Ok. This next part is even more important. Save 10% of your net cash flow into an asset class that will appreciate or pay you dividends. I invest in SCHD, an ETF focused on growth and dividends. The reason I do this is so that I get paid 3% per annum in dividends. 3% withdrawals are the maximum amount you can take without worrying about your portfolio dipping to zero. I’ll focus on this in another post.

Write down your goals.

It’s no secret that when you write your goals, you are more likely to achieve them. Here’s my personal experience. In 2019, I wrote down that I would have 150k saved up in stocks by 2024. Fast forward three years and now I have 150k in stocks, plus another 150k in cash. Mind blown? Here’s how I did it — I broke down the weekly net cash that I would need to put aside at current levels, and as my business grew, I topped up what was needed. It’s amazing what writing down your goals can do.

Trust your team.

Delegate. Delegate! DELEGATE! I can’t stress how important it is to pass off everything you know to your team so that you can focus on the business. You can’t afford to be stuck in it. Keep promoting your best employees. Focus on them. This is how our business has grown 70% YoY in the last 3 years. We’re managing over 25 million dollars in total ad sales. It would have been impossible without our team.

Spend time with your family.

All your hard work is meaningless if you don’t make time for your family. As busy entrepreneurs, we often struggle with making time. Don’t panic. Dedicate the weekend to them. Appreciate the little one growing up. I’m looking for books to read about the different stages of fatherhood — I would appreciate it if you could DM me and share. I’m hoping to pick up cooking so that I can bring fine foods to the family!

Closing Thoughts.

Without these five lessons learned, I couldn’t imagine how much stress I would be experiencing. It has helped me navigate business and my personal finances. I hope my insights have helped.

If you’ve enjoyed my content, I hope you share, like, or follow me on my channels. Reach out to me too if you have questions or want to give me pointers as well! I want to help other entrepreneurs. Thanks for your time if you’ve made it this far. Cheers~

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